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  1. #161
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    Quote Originally Posted by DaSharkie View Post
    So you come off appearing to want to punish all bankers for the action of a few.

    Remember, greater than 90% of all banks are quite solvent. It is these giant monster banks that grew over the past 10-20 years that screwed the pooch.

    If you want to bail them out, you don't just give them money - you stick a microscope up their arse and examine every nook and cranny of their business. But don't punish the other banks that abide by the rules and don't fork over an average $500,000 bonus to the employees when they took our money.

    Deep inside, I honestly think that most of these banks were much more solvent than we were lead to believe. They saw an opportunity to take money with few strings attached and took it. We got f@cked, and they got billions. And now the morons in Congress (our current President among them seeing as he was a Senator when the bill passed) are shocked - shocked I tell you! - that they got hoodwinked. Who would have thunk it?
    Obama isn't too smart on this one either. Even his own advisers told him not to go after the banks. His little stunt took me from earning just over 5% for the year to losing 2.5% on my 401k. That is the short term effect. Long term is the banks need to lend money and move money to make the economy move. Tighten up the money the banks have and the ways they can make money and the entire system will come to a screeching halt. There might be a need for better regulations or enforcing the ones we have. Now is not the time to threaten the banks. Banks would be the single biggest force that can get the economy rolling again (or not)


  2. #162
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    sc, you are doing exactly what Pres. Obama is doing. You are demonizing industries by making them peopple.

    It is the banking industry, not bankers. Of course there are people at the top who run the corporations. Even if I submit to your assertion that these people at the top are abusing the system, the entire US economy depends on the banking system, not the "bankers" to operate and survive. He has done this with the insurance industry, the energy industry and others.

    It is an attempt to manipulate the public opinion. People have a hard time getting mad at a building or a corporation. So you put faces-evil faces- on the the entity and try to get people mad at those faces. I find it to be intellectually dishonest to argue with someone from that standpoint.

    If you want to discuss the banking industry, of course they are going to buck against any regulation. But, in the end, they know that their industry cannot be unregulated. They will accept reasonable regulation. But the big danger in Pres. Obama's plan is his stopping two inches short of wanting to nationalize the banking industry. The only problem is, people are not going to buy it this time. They saw the dishonesty in the health care debate and how they were almost fooled.. It is not going to happen again.
    PROUD, HONORED AND HUMBLED RECIPIENT OF THE PURPLE HYDRANT AWARD - 10/2007.

  3. #163
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    Quote Originally Posted by scfire86 View Post
    Five posts to my one. This is almost fun.
    That is because there is nothing rational you can say against the arguments.

  4. #164
    Forum Member scfire86's Avatar
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    Quote Originally Posted by GeorgeWendtCFI View Post
    sc, you are doing exactly what Pres. Obama is doing. You are demonizing industries by making them peopple.

    It is the banking industry, not bankers. Of course there are people at the top who run the corporations. Even if I submit to your assertion that these people at the top are abusing the system, the entire US economy depends on the banking system, not the "bankers" to operate and survive. He has done this with the insurance industry, the energy industry and others.

    It is an attempt to manipulate the public opinion. People have a hard time getting mad at a building or a corporation. So you put faces-evil faces- on the the entity and try to get people mad at those faces. I find it to be intellectually dishonest to argue with someone from that standpoint.

    If you want to discuss the banking industry, of course they are going to buck against any regulation. But, in the end, they know that their industry cannot be unregulated. They will accept reasonable regulation. But the big danger in Pres. Obama's plan is his stopping two inches short of wanting to nationalize the banking industry. The only problem is, people are not going to buy it this time. They saw the dishonesty in the health care debate and how they were almost fooled.. It is not going to happen again.
    George, I think we beat this one to death. I'm pretty much willing to let this thread die.
    Politics is like driving. To go forward select "D", to go backward select "R."

  5. #165
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    Quote Originally Posted by GeorgeWendtCFI View Post
    sc, you are doing exactly what Pres. Obama is doing. You are demonizing industries by making them peopple.

    It is the banking industry, not bankers. Of course there are people at the top who run the corporations. Even if I submit to your assertion that these people at the top are abusing the system, the entire US economy depends on the banking system, not the "bankers" to operate and survive. He has done this with the insurance industry, the energy industry and others.

    It is an attempt to manipulate the public opinion. People have a hard time getting mad at a building or a corporation. So you put faces-evil faces- on the the entity and try to get people mad at those faces. I find it to be intellectually dishonest to argue with someone from that standpoint.

    If you want to discuss the banking industry, of course they are going to buck against any regulation. But, in the end, they know that their industry cannot be unregulated. They will accept reasonable regulation. But the big danger in Pres. Obama's plan is his stopping two inches short of wanting to nationalize the banking industry. The only problem is, people are not going to buy it this time. They saw the dishonesty in the health care debate and how they were almost fooled.. It is not going to happen again.
    Just remember, these industries are already regulated. There is the securities and exchange act of 1934, then in 2002 after the Enron and World com failures of the 1990s we were given Sarbanes-Oxley (SOX).

  6. #166
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    Quote Originally Posted by scfire86 View Post
    George, I think we beat this one to death. I'm pretty much willing to let this thread die.
    Only if you admit that I am right.
    PROUD, HONORED AND HUMBLED RECIPIENT OF THE PURPLE HYDRANT AWARD - 10/2007.

  7. #167
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    Quote Originally Posted by GeorgeWendtCFI View Post
    Only if you admit that I am right.
    Thank you. I now have to clean the afternoon coffee off the screen.
    Politics is like driving. To go forward select "D", to go backward select "R."

  8. #168
    Forum Member DaSharkie's Avatar
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    I heard about this poll yesterday afternoon, and read it this morning at work.

    Hee hee. Imagine if a Republican won one of the 2 Congressional seats in Rhode Island......against a Kennedy. Mwaaaaaaaaaaaahahahahahahahaha .

    http://www.bostonherald.com/news/pol...ome&position=0

    Ooooh, that would be so delicious.
    "Too many people spend money they haven't earned, to buy things they don't want, to impress people they don't like." Will Rogers

    The borrower is slave to the lender. Proverbs 22:7 - Debt free since 10/5/2009.

    "No man's life, liberty, or property are safe while the legislature is in session." - New York Judge Gideon Tucker

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  9. #169
    55 Years & Still Rolling hwoods's Avatar
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    Thumbs up Hey Sharkie.......

    Click on your Patrick Kennedy link, then scroll to the bottom of it, there's a link to another Blogger who firmly asserts that "Camelot's Over"...... Good read there.....
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  10. #170
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    Quote Originally Posted by DaSharkie View Post
    I heard about this poll yesterday afternoon, and read it this morning at work.

    Hee hee. Imagine if a Republican won one of the 2 Congressional seats in Rhode Island......against a Kennedy. Mwaaaaaaaaaaaahahahahahahahaha .

    http://www.bostonherald.com/news/pol...ome&position=0

    Ooooh, that would be so delicious.
    How come these leftist also say the other side is "well funded" when they are losing. Did they lose site of the fact that the Democrats where well funded in 2008???

  11. #171
    Forum Member DaSharkie's Avatar
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    Quote Originally Posted by hwoods View Post
    Click on your Patrick Kennedy link, then scroll to the bottom of it, there's a link to another Blogger who firmly asserts that "Camelot's Over"...... Good read there.....
    Yes sir. Camelot is over. The last of the Kennedys and their coat holders have left Massachusetts representation. Maybe in 9 months the last Kennedy political office holder will go bye bye too.

    Lots of folks in these parts are glad to see the ridiculous Kennedy love affair and infatuation start to go away. Camelot is indeed over. The only Kennedy folks around are Joe Kennedy (who makes a coll half a million running a "non-profit" - Citizen's Energy), and Patrick "Patches" Kennedy. His car accidents, drug addictions, alcoholism, and mistakes are catching up with him. No longer is just having the name Kennedy going to mean anything.

    You ought to know - you had one of Bobbie's kids Kathleen Kennedy-Townsend down in Maryland screwing things up.
    "Too many people spend money they haven't earned, to buy things they don't want, to impress people they don't like." Will Rogers

    The borrower is slave to the lender. Proverbs 22:7 - Debt free since 10/5/2009.

    "No man's life, liberty, or property are safe while the legislature is in session." - New York Judge Gideon Tucker

    "As Americans we must always remember that we all have a common enemy, an enemy that is dangerous, powerful and relentless. I refer, of course, to the federal government." - Dave Barry

    www.daveramsey.com www.clarkhoward.com www.heritage.org

  12. #172
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    You did notice that Carolyn Kennedy dropped out of the competition for the seat now held by Kirsten Gillibrand and formerly held by a carpetbagger. Seems the country is waking up to the il-effects of this off the wall liberalism. Now if only Californians will stop the flower power movement and stop smoking the Wacky stuff long enough to wake up the country will have a chance.

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