Rule No. 1: The banksters win … always
Chrysler’s “So God Made A Farmer” ad, featuring the voice of Paul Harvey and images of farm life, proved to be one of the highlights of the 2013 Super Bowl. It also inspired Brett Arends of Marketwatch to pen his own version of the sentimental classic, this one titled “So God Made A Banker”.
Some excerpts:
God said, “I need someone who doesn’t grow anything or make anything but who will borrow money from the public at 0% interest and then lend it back to the public at 2% or 5% or 10% and pay himself a bonus for doing so.”
So God made a banker.
God said, “I need someone who will take money from the people who work and save, and use that money to create a dotcom bubble and a housing bubble and a stock bubble and an oil bubble and a commodities bubble and a bond bubble and another stock bubble, and then sell it to people in Poughkeepsie and Spokane and Bakersfield, and pay himself another bonus.”
So God made a banker…
God said, “And I need somebody who will tell everyone else to stand on their own two feet, but who will then run to the government for a bailout as soon as he gets into trouble — and who will then use that bailout money to help elect a Congress that will look the other way. And then pay himself another bonus.”
If only Mr. Harvey were still around to do it justice.
In a much-less-funny report, the New York Times’ Dealbook column reports on documents filed in a lawsuit against JPMorgan Chase, alleging that at the height of the mortgage boom, the bank defrauded investors by peddling mortgages that it knew were going bad:
“According to the court documents, an analysis for JPMorgan in September 2006 found that “nearly half of the sample pool” — or 214 loans — were “defective,” meaning they did not meet the underwriting standards. The borrowers’ incomes, the firms found, were dangerously low relative to the size of their mortgages. Another troubling report in 2006 discovered that thousands of borrowers had already fallen behind on their payments.
But JPMorgan at times dismissed the critical assessments or altered them, the documents show. Certain JPMorgan employees, including the bankers who assembled the mortgages and the due diligence managers, had the power to ignore or veto bad reviews…. In 2006, for example, a review of mortgages found that at least 1,154 loans were more than 30 days delinquent. The offering documents sent to investors showed only 25 loans as delinquent.
A person familiar with the bank’s portfolios said JPMorgan had reviewed the loans separately and determined that the number of delinquent loans was far less than the outside analysis had found….
An assessment of the loans in one security revealed that 24 percent of the sample was “materially defective,” the filings show. After exercising override power, a JPMorgan employee sent a report in May 2006 to a ratings agency that showed only 5.3 percent of the mortgages were defective.
Such investments eventually collapsed, spreading losses across the financial system.”
And then they paid themselves a bonus.
G’day!
– Jay Bookman
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413 comments Add your comment
southpaw
February 8th, 2013
12:00 pm
getalife @11:34, 11:37, & 11:39
Does God make mistakes?
Oscar
February 8th, 2013
12:01 pm
It takes money to go after these people. Money and staff. And you don’t get that by cutting taxes and reducing staff and cutting budgets across the board to federal agencies.
Cut defense, medicare, medicare and socil seurity. Raise taxes. Cut out or phase out deductions for health insurance, mortage interest, charitable deductions and put a cap on deductions for municiplr bomd interest deductions.
Then staff up law enforcement and go after criminals and wall street fraud.
Those things would be good for starters.
southpaw
February 8th, 2013
12:02 pm
dbm @11:47
“…I can’t possibly exist.”
So who exactly was around to say that?
Jamvet
February 8th, 2013
12:03 pm
Donovan is still hung up on commies????
Oh my goodness, talk about stuck in 1953.
Apparently so was Alan West.
Who got kicked to the curb for being the brain dead nincompoop that he is.
Thank you, Florida voters.
Also thanks to the voters of Massachusetts who elected the banksters worst nightmare – Elizabeth Warren.
A few more elections like the last one and this nation will have a fighting chance against the “I see commie” nuts and criminal coddlers in the GOP…
Finn McCool (The System isn't Broken; It's Fixed)
February 8th, 2013
12:03 pm
God said he needed people who on Sunday talk about helping the poor and needy and looking out for his/her fellow citizens and then do the total opposite every other day of the week.
So he made a Con.
iRun
February 8th, 2013
12:05 pm
Stevie Ray – Chrystler doesn’t care about the family/independent farmer! I was sickened by that commercial.
I don’t come from farmers. My dad was a dentist (my brother is) but he was a dentist in a town when most people where either small sugar cane farmers or they worked offshore (Gulf of Mexico) or they worked in the oil refineries along the Mississippi River. So, I have some sympathy for the small farmer.
It’s time for the farm subsidy to ONLY go to the small farmer and not to conglomerates.
And Monsanto…ugh.
Back to the ad, it was disgusting. Over the top.
Actually, my favorite ad was the Budweiser with the Clydesdale! At least we knew immediately what the commercial was for!
iRun
February 8th, 2013
12:07 pm
I don’t even drink and I liked the Budweiser ad.
Who doesn’t like big ole Clydesdales?
Oscar
February 8th, 2013
12:14 pm
Bankers and banks arenecessay in an industrial society. And there is nothing wrong with lending for more interest than they pay out. That’s how they make money and stay in business. Anyone who does not understand that really does not understand capitalim.
Bu these bankers nee regulation, and that takes money to staff and audit. You can;t do that and be anti-government an dnot wan to pay taxes at the same time.
weetamoe
February 8th, 2013
12:14 pm
About that well-regulated militia thing. A rogue cop bent on revenge against perceived enemies and their children (including those whose school recess times he claims to know) who is a great fan of Obama (who told people during his campaign to vote for revenge) supports gun control though he himself has an impressive arsenal. The inept cops he has targeted, who evidently can’t distinguish one make of Japanese car from another and who can’t distinguish two elderly Asian women from one huge burly black cop in their panic opened fire on and wounded those two Asian women. And that is why individuals have the constitutional right to make sure that all militias are indeed well regulated .Dorner’s complete manifesto is available from Anonymous.
GT
February 8th, 2013
12:14 pm
Did you ever think how simple a bank was a few decades ago. You went with your grandmother deposited some loose change and got a lollypop. Now you can’t carry the paper ads they throw at your out the door, you pay six dollars to cash a bank check and more hidden fees for accessing your own money. Kenneth D. Lewis is telling your pension fund his toilet paper is bonded, and is worth trillions, the same man who deposit you paycheck is bankrupting you retirement fund.
Thulsa Doom
February 8th, 2013
12:16 pm
The first 20 comments were the usual sad but predictable kook simpleton gobbledegook. Jeez.
Moderate Line
February 8th, 2013
12:17 pm
Brosephus™
February 8th, 2013
10:24 am
TBS @ 10:13
My point exactly!!
—————————
Stevie Ray @ 10:20
Seems to me that would be akin to deciding not to take advantage of IRS legal loopholes to mininimze tax liabilities.
Well, seems to me that if one cries about what the government MADE them do against their will, they wouldn’t want ill gotten gains in their bank account, right? That’s like the Madoffs complaining about what Bernie did while going on a shopping spree in Paris
Moderate Line
February 8th, 2013
12:20 pm
Brosephus™
February 8th, 2013
10:24 am
TBS @ 10:13
My point exactly!!
—————————
Stevie Ray @ 10:20
Seems to me that would be akin to deciding not to take advantage of IRS legal loopholes to mininimze tax liabilities.
Well, seems to me that if one cries about what the government MADE them do against their will, they wouldn’t want ill gotten gains in their bank account, right? That’s like the Madoffs complaining about what Bernie did while going on a shopping spree in Paris
+++++
Maybe they should not want the gains but if true how does that change whether congress pushed these loans.
Erwin's cat
February 8th, 2013
12:22 pm
Bu these bankers nee regulation, and that takes money to staff and audit. You can;t do that and be anti-government an dnot wan to pay taxes at the same time.
I don’t think the solution here is to raise taxes.
UNCLE SAMANTHA
February 8th, 2013
12:23 pm
комиссар (Occupation)
VOTED FOR ROMNEY?
laughable
hate to burst your perception of me but here is who i have voted for in the past
1988 – Dukakis (now thats laughable)
1992 – Perot
1996 – Perot
2000 – Nader
2004 – None of the above
2008 – None of the above
2012 – None of the above
waiting for THE third party to form………. will be patient……. once baby boomers start sucking out medicare funds and put is in financial crisis………. boom……. the third party will form
Peadawg
February 8th, 2013
12:24 pm
Finn McCool (The System isn’t Broken; It’s Fixed)
February 8th, 2013
12:03 pm
**polite golf clap**
Erwin's cat
February 8th, 2013
12:25 pm
Finn – God said he needed people who on Sunday talk about helping the poor and needy and looking out for his/her fellow citizens and then do the total opposite every other day of the week.
So he made a Con.
so much for a broad brush…use a wagner power roller instead!
getalife
February 8th, 2013
12:27 pm
“Does God make mistakes?”
Obviously but even God is not perfect.
GT
February 8th, 2013
12:28 pm
Moderate is on to something. I notice in Enron all those people claiming the corporation ruins their careers. Maybe those people were taking paychecks for something they were not doing or were not qualified to do. I can promise if a hospital went under today for no fault of its own every doctor and nurse would be employed tomorrow.
комиссар (Occupation)
February 8th, 2013
12:29 pm
Uncle Samantha: “hate to burst your perception of me but here is who i have voted for in the past”
Well, I had you wrong then. I stand corrected.
Finn McCool (The System isn't Broken; It's Fixed)
February 8th, 2013
12:30 pm
Another good line:
corporations and billionaires owe their wealth to the state and not the other way around. Without favorable patent and copyright laws, a court system, an educated workforce, and an infrastructure to move goods about the country, then no one would be able to get rich in America. We’d be like the Libertarian paradise of Somalia.
As Harry Moser, the founder of the Reshoring Initiative,argued in The Economist, “Corporations are not created by the shareholders or the management. Rather they are created by the state. They are granted important privileges by the state (limited liability, eternal life, etc). They are granted these privileges because the state expects them to do something beneficial for the society that makes the grant. They may well provide benefits to other societies, but their main purpose is to provide benefits to the societies (not to the shareholders, not to management, but to the societies) that create them.”
http://www.alternet.org/economy/ayn-rands-gospel-selfishness-and-billionaire-empowerment-plaguing-america
keith
February 8th, 2013
12:30 pm
I have to go do what we conservatives do and what liberals avoid like the plague. WORK so we can pay taxes to support the nations liberal deadbeats..
Brosephus™
February 8th, 2013
12:30 pm
Maybe they should not want the gains but if true how does that change whether congress pushed these loans.
I can’t or won’t lump the issue on the individuals, but Congress doesn’t do these laws on their own. Somebody lobbies for the legislation. That somebody usually even has a hand in crafting the legislation. You simply have to follow the money trail.
Personally, if I were employed where the general behavior of that company was unacceptable to me, I’d either seek employment elsewhere, or I’d be the most famous whistleblower this country has ever seen. More than likely in this case, I would have sought employment elsewhere.
JamVet
February 8th, 2013
12:31 pm
keith, how old are you?
David Granger
February 8th, 2013
12:32 pm
That’s the reason the big banks give hundreds of millions to politicians in both the republican and democratic parties. They get what they pay for: Billion-dollar bailouts (because they’re “too big” to fail) when then top officers should be going to prison.
getalife
February 8th, 2013
12:33 pm
keith,
You don’t have a job so pee in a cup we call freedom.
keith
February 8th, 2013
12:34 pm
God said he needed people who on Sunday talk about helping the poor and needy and looking out for his/her fellow citizens and then do the total opposite every other day of the week.
So he made a Con.
So who do you suppose has given more to charities over their lifetimes Obama or Romney? iF YOU SAY OBAMA, WRONG ANSWER. So your post is nonsense.
Jack ®
February 8th, 2013
12:35 pm
Ignore the banks. Borrow from a hedge fund. And while you’re at it, get a group of your friends together and open your own bank. No big deal.
getalife
February 8th, 2013
12:35 pm
You are correct David.
Not breaking up the banks was a mistake and the fed is still bailing them out.
JamVet
February 8th, 2013
12:36 pm
Back out the millions he gives to the false denomination called the Mormon Church (hat tip Scout) and Romney’s charitable giving is not impressive at all, keith.
getalife
February 8th, 2013
12:36 pm
Told ya keith does not have a job.
keith
February 8th, 2013
12:38 pm
What percentage of obama voters pay taxes? And what about Romney? I am pretty certain far more Romney voters pay taxes and far more obama voters benefit from those taxpayers in their pathetic subsidized lives.
Peadawg
February 8th, 2013
12:38 pm
getalife thinks we should be able to drink and do drugs as we want and STILL have a job. bless your heart
Class of '98
February 8th, 2013
12:39 pm
I can only assume Jay has never financed any purchase whatsoever.
Or else he’d be a hypocrite.
Peadawg
February 8th, 2013
12:39 pm
“What percentage of obama voters pay taxes? And what about Romney?” – Not sure. So how about you post a link?
keith
February 8th, 2013
12:39 pm
obama does pay alot in charity. its just not his money he is giving away.
Class of '98
February 8th, 2013
12:40 pm
“getalife thinks we should be able to drink and do drugs as we want and STILL have a job.”
Why not, as long as it is not done while at work?
Bless your heart, don’t you believe this is supposed to be a free country?
indigo
February 8th, 2013
12:40 pm
keith – 12:34
You just never learn, fudge nuts.
http://www.thenation.com/blog/170105/romneys-ungenerous-donations#
UNCLE SAMANTHA
February 8th, 2013
12:40 pm
was a democrat until i was kicked out of the party in the 90’s while in college……..Sam Nunn blue dog………. no longer wanted
and can’t be a republican……….. not wanted there either
cant be a libertarian…… that philosophy led to the housing bubble and financial crisis
getalife
February 8th, 2013
12:40 pm
Our government decided to be weak on white collar crime and fine the crap out of the fraudsters.
Losing billions hurts these frauds worse than spending time at a country club for a few months..
TBS
February 8th, 2013
12:41 pm
“What percentage of obama voters pay taxes? And what about Romney?”
100% for both. But an intelligent individual as yourself already knows that, but you think it is best to regurgitate talking point that you heard or read.
clem
February 8th, 2013
12:41 pm
if the burn a supposed witch in some foreign land, why can’t we burn a bankster o wall streeter?
Granny Godzilla
February 8th, 2013
12:42 pm
I think I know who Keith is ..I’m gonna call his wife….
Finn McCool (The System isn't Broken; It's Fixed)
February 8th, 2013
12:42 pm
keith, you call your mom paying you to mow the grass a job?
vinny
February 8th, 2013
12:43 pm
leave it to the bedwetters to take a commercial that lifts up the working man and turn it into a pile of vomit that has nothing to do with how banking actually operates.
getalife
February 8th, 2013
12:43 pm
class,
You tossed your freedom to catch one person smoking weed.
What a waste of your money.
I believe freedom is when I can buy high quality weed on the internet legally.
Class of '98
February 8th, 2013
12:44 pm
“if the burn a supposed witch in some foreign land, why can’t we burn a bankster o wall streeter?”
I’m dumber just for having read that.
I would love to see this person try to find Papua New Guinea on a globe.
Class of '98
February 8th, 2013
12:45 pm
Getalife, I was actually agreeing with you.
I am a fiscal conservative and a social libertarian.
keith
February 8th, 2013
12:45 pm
Like I said. I am pretty certain Romney paid more. MUCH MORE. But thats only if you leave out all of our money barack hands out to his charities. Charities like Planned Parenthood, Solyndra, The Muslim Brotherhood, ACORN and its many fronts, etc.
Marty Huggins'
February 8th, 2013
12:45 pm
Peadawg
February 8th, 2013
12:38 pm
Do you drink coffee?
How about any of the people you work with?
Maybe soda is your choice of beverage.
Point being why are you apparently fine with one mind altering substance but not others?
getalife
February 8th, 2013
12:46 pm
class,
My bad I meant pea not you.
barking frog
February 8th, 2013
12:46 pm
getalife
I believe freedom is when I can buy high quality weed on the internet legally.
……………………………………………………………………………………………..
I believe freedom is when you can grow it on your property and no one
bothers you.
TBS
February 8th, 2013
12:47 pm
get
Just set up a hydroponics system and be done with it.
Finn McCool (The System isn't Broken; It's Fixed)
February 8th, 2013
12:47 pm
Kinda hard to make payments to Acorn since it hasn’t even existed in what, 3 years?
You still own stock in that buggy whip manufacturer, keith?
Erwin's cat
February 8th, 2013
12:47 pm
Pea – getalife thinks we should be able to drink and do drugs as we want and STILL have a job. bless your heart
as long as it’s not while on the job, why should they care? It won’t be long before it’s body fat, or riding a motorcycle or skydiving or any other behavior the insurance companies deem too costly – Why do you want your employer or your employers insurance to control your home life PeeDawg?
getalife
February 8th, 2013
12:49 pm
Also, it is time to admit defeat on the war on drugs and try something different.
alex
February 8th, 2013
12:50 pm
Read “the big short” by lewis, it’s not only the “banks”, too loose a term anyways…
getalife
February 8th, 2013
12:50 pm
“Just set up a hydroponics system and be done with it”
That should be legal too.
keith
February 8th, 2013
12:50 pm
Didnt barry say something about keeping green energy jobs in this country? He sure seems to be find with them moving to China. Ever heard of lithium battery maker A123? Green jobs obama used taxpayers money to create in China. But….obama sheeple smile, nod their heads and say yes master.
guy
February 8th, 2013
12:50 pm
Also, long live the sorry folks who get back in taxes much,much,much more than they even thought of paying in. This should piss cons and crats off! Even uneducated folks are greedy. Our government is something to behold!
Class of '98
February 8th, 2013
12:51 pm
Libertarianism led to the housing bubble, Uncle Samantha? Don’t believe the hype.
It was caused by bleeding hearts like Barney Frank who wanted people with lousy credit and low incomes to still get approved for mortgages. That’s why Fannie Mae and Freddie Mac (quasi-federal institutions) backed the loans.
If someone else wants to dispute this, go for it. You have no idea what you are talking about.
Moderate Line
February 8th, 2013
12:52 pm
Brosephus™
February 8th, 2013
12:30 pm
Maybe they should not want the gains but if true how does that change whether congress pushed these loans.
I can’t or won’t lump the issue on the individuals, but Congress doesn’t do these laws on their own. Somebody lobbies for the legislation.
For the most part I do not disagree with you. However, there has been an ideological element involved to push for higher home ownership even from the right. I believe even Bush II pushed it. The fact that ideology and lobbyist interest emerge means it gets done. Especially, when both parties support it.
Personally, if I were employed where the general behavior of that company was unacceptable to me, I’d either seek employment elsewhere, or I’d be the most famous whistleblower this country has ever seen. More than likely in this case, I would have sought employment elsewhere.
I don’t doubt you would. Even though we disagree at times I don’t think you would go along with something like that. What is sad is there were plenty of people who reported a problem and nothing happen. The Frontline on Madoff was one of the best I have seen. There was a guy who reported it to the SEC and nothing happen.
barking frog
February 8th, 2013
12:52 pm
The world economic structure is a game where the winners
live large and the losers work hard and pray.
keith
February 8th, 2013
12:53 pm
Kinda hard to make payments to Acorn since it hasn’t even existed in what, 3 years?
You still own stock in that buggy whip manufacturer, keith?
Are you really trhat stupid? You really think ACORN just went away? You could rename the Brooklyn Bridge but that doesnt make the bridge disappear. Open your ears/Close your mouth. LEARN
UNCLE SAMANTHA
February 8th, 2013
12:54 pm
Class of ‘98
February 8th, 2013
12:51 pm
Libertarianism led to the housing bubble, Uncle Samantha? Don’t believe the hype.
It was caused by bleeding hearts like Barney Frank who wanted people with lousy credit and low incomes to still get approved for mortgages. That’s why Fannie Mae and Freddie Mac (quasi-federal institutions) backed the loans.
If someone else wants to dispute this, go for it. You have no idea what you are talking about.
=================================================================
disagree
GREENSPAN believed the markets would correct themselves so therefore THE FED would stay out and let Wall Street correct itself……….
WE ALL KNOW HOW THAT TURNED OUT
government regulation CAN be a good thing
thats why libertarianism is not so good
another example was letting the oil companies and deep sea rig companies REGULATE THEMSELVES………… we know how that turned out
Peadawg
February 8th, 2013
12:55 pm
getalife, you don’t like peeing in a cup for a particular employer…apply and work somewhere else. freedom includes being able to choose where you work
barking frog
February 8th, 2013
12:56 pm
Rule #2: The banksters win….all ways.
keith
February 8th, 2013
12:58 pm
another example was letting the oil companies and deep sea rig companies REGULATE THEMSELVES………… we know how that turned out
And we have seen what happens when you regulate everything too. KALIFORNIA. And now all those over regulated companies are moving to Texas. Gov Perryt has invited them and if they are smart they will accept and get the hell out of that liberal cesspool Kalifornia.
Brosephus™
February 8th, 2013
12:58 pm
Moderate Line
No arguement from me on your response. I agree with your statement on ideology and lobbyist interest. I remember reading about the Madoff guy, and things like that tend to make my blood boil. I know people are not going to be 100% perfect and honest as it’s impossible to be perfect. I just hate purposefully dishonest people with a passion.
Speaking of ideology and lobbyists, things in Georgia will start to get a bit more interesting if the lobbyist fee change form $300 to $25 passes the Georgia Assembly.
Class of '98
February 8th, 2013
12:59 pm
Uncle Samantha, I agree, regulation CAN be a good thing. But there is much too much at present time, and in my educated opinion (I was a loan officer for a good part of the 2000’s), the housing bubble was a direct result of over-regulation, not under-regulation.
Unfortunately, the mass media insists on blaming it all on “Wall Street”, who were merely playing by the rules set forth by the Fed.
The Fed guaranteed the loans, as long as they adhered to certain guidelines. If banks sold loans that were legit and in accordance with those guidelines, I don’t see how anyone could place blame on anyone or anything except the regulation itself.
keith
February 8th, 2013
1:01 pm
The main problem with the left is that they are so busing mouthing off the liberal talking points they dont hear anything. If all you do it talk and never listen, you will learn nothing. They are told how to think and how to act. When they venture off the reservation they are crucified. Lieberman has proven that. So goosestep on liberals to your leaders orders.
alex
February 8th, 2013
1:02 pm
@indigo 12:40, your reference is an incredible piece of hack, biased journalism. It is pathetic waste of server space. I don’t refence fox and i’ll argue that your reference of the nation only puts your arguement into a disadvantaged position. Opinions aside, find a more objective reference and we’ll give it a reading, the nation is too biased to be taken seriously by anyone who reads more objective material. Read something that challenges you, not the same old ,poorly formed excrement (Gastroenterology reference)
MrLiberty
February 8th, 2013
1:04 pm
In 1913, the Banking Cartel, led by the Rockfellers and the Morgans used the power of the government, and the criminal mindset of the Progressive movement to install the greatest criminal enterprise every conceived of on the American people and the world. With the support of both democrats and republicans the Federal Reserve Act was passed in the dead of night right before the Christmas break (when the greatest crimes occur in D.C.). With that Act, every single citizen of the US became a permanent SLAVE to the bankster crime syndicate.
If you have not bothered to research the Federal Reserve or continue to believe the lies that they “stabilize the value of the dollar” and “keep employment high,” then you are doing yourself, your children, and everyone a disservice.
There are fantastic sites that will give you all the information you need to know. The best in my opinion is the Ludwig von Mises Institute (google them). There are also fantastic books (hundreds of free ones on the Mises site).
Literally hundreds of trillions of dollars have been stolen by the Fed from the poor and the middle class of america and given to the rich, the banksters, and the parasites that feed at the federal trough. Don’t continue in ignorance. Do something, learn something, and get active in shutting them down.
keith
February 8th, 2013
1:05 pm
Eric Voruz, a member of the Swiss parliament’s Security Policy Committee, said he and his Socialist Party colleagues decided after the Daillon shooting to introduce legislation for a referendum on the creation of a national gun registry. The bill, he said, will include a requirement that Switzerland’s citizen soldiers leave their army-issued weapons in a military arsenal after annual training rather than storing them at home
Just like you socialists on here.
Moderate Line
February 8th, 2013
1:05 pm
Class of ‘98
February 8th, 2013
12:51 pm
It was caused by bleeding hearts like Barney Frank who wanted people with lousy credit and low incomes to still get approved for mortgages
If someone else wants to dispute this, go for it. You have no idea what you are talking about.
======
I am amazed at how powerful Barney Frank was considering that from 1997 until 2007 his party did not even have a majority in the Senate. Barney Frank was against the war in Iraq and Bush’s tax cuts but could not stop them.
Peadawg
February 8th, 2013
1:08 pm
The main problem with the right is that they are so busing mouthing off the Republican talking points they dont hear anything. If all you do it talk and never listen, you will learn nothing. They are told how to think and how to act. When they venture off the reservation they are crucified.
Well would ya look at that. It works both ways.
hiram
February 8th, 2013
1:09 pm
My biggest disappointment in the Obama administration, is their faliure to prosecute the banks. They have had more than sufficient evidence, and now that the banks can’t effect his election to a second term, he has zero excuses not to. They not only crashed the U.S.’s economy, they crashed the entire world’s economy, and paid themselves bonuses for a job well done. If they are not prosecuted, there’s something else going on between the banks and our government, and those Americans who aren’t living in Limbaugh’s and Fox News’ parallel universe, should demand an exclamation.
alex
February 8th, 2013
1:09 pm
Class of “98, yes Frank had something to do with the recession, but there were a lot of misfits and the banks betting against mortgage backed financial products they were selling is just plain sleezy. “the invisible hand” needs to get slapped frequently or it gets greedy!
UNCLE SAMANTHA
February 8th, 2013
1:10 pm
class of 98
you can blame wall street………..
instead of making money off a mortgage………. they created MORTGAGE BACK SECURITIES……….. to make more money without creating a product of service…..
then they sold CREDIT DEFAULT SWAPS which was insurance to investors but NOT INSURANCE when it came to capital requirements….
THE HOUSING BUBBLE WASNT THE PROBLEM
it was the MORTGAGE BACKED SERCURITIES AND CREDIT DEFAULT SWAPS that nearly took us under………..
any investor holding a straight loan would have seen someone making $40,000 should not have a $500,000 mortgage………
Wall Street masked the risk………… thanks to hiring all the FORMER ENRON workers
getalife
February 8th, 2013
1:16 pm
pea,
I am retired so I don’t pee in a cup for anyone.
Freedom.
Finn McCool (The System isn't Broken; It's Fixed)
February 8th, 2013
1:16 pm
If someone else wants to dispute this, go for it. You have no idea what you are talking about.
That’s like 4 pages back…
Erwin's cat
February 8th, 2013
1:20 pm
– getalife, you don’t like peeing in a cup for a particular employer…apply and work somewhere else. freedom includes being able to choose where you work
The only people that don’t require that you pee in a cup are the people that don’t offer insurance. What if an employer uses this as a screen for legally prescribed drugs. When you pee you have to tell them what meds you are on…don’t pretend it doesn’t happen
getalife
February 8th, 2013
1:21 pm
Stop crying about the banks and join the majority to level the playing field for your children so they can leave your house and have a better chance to make it on their own.
getalife
February 8th, 2013
1:23 pm
Stop crying about freedom when you willingly pee in a cup and give it to government.
Peadawg
February 8th, 2013
1:24 pm
Erwin’s cat
February 8th, 2013
1:20 pm
I don’t know what your blabbing on about but I had to “pee in a cup” in order to work at Target and Ingles when I in high school/college. Not sure what the problem is….
Peadawg
February 8th, 2013
1:25 pm
“Stop crying about freedom when you willingly pee in a cup and give it to government.”
Target and Ingles are government-owned companies? That’s new….
getalife
February 8th, 2013
1:25 pm
pea,
I am talking about the total waste of your money for testing the unemployed.
Erwin's cat
February 8th, 2013
1:26 pm
Peadawg - Not sure what the problem is….
obviously
Kamchak ~ Thug from the Steppes
February 8th, 2013
1:29 pm
If someone else wants to dispute this, go for it. You have no idea what you are talking about.
http://www.mcclatchydc.com/2008/10/12/53802/private-sector-loans-not-fannie.html
http://www.ritholtz.com/blog/2011/11/what-caused-the-financial-crisis-the-big-lie-goes-viral/
Peadawg
February 8th, 2013
1:32 pm
“I am talking about the total waste of your money for testing the unemployed.”
Aaaand there go the goalposts (or clarification…whatever you want to call it).
getalife
February 8th, 2013
1:33 pm
Perhaps pea should follow his own advice and listen.
The gop will continue to focus to help Americans like our bankers that need no help from any American.
That will not change.
Moderate Line
February 8th, 2013
1:35 pm
Peadawg
February 8th, 2013
1:08 pm
The main problem with the right is that they are so busing mouthing off the Republican talking points they dont hear anything. If all you do it talk and never listen, you will learn nothing. They are told how to think and how to act. When they venture off the reservation they are crucified.
Well would ya look at that. It works both ways.
++++
Most supporters of both parties just repeat talking points. I took a test for work called “Strength Finders”. One of my strength according to the book( not sure socially) is analyzer. Analyzers are constantly saying “You have proof for that statement”. I find most of the time people are just repeating what someone else has told them. Conservatives as well as liberals. Democrats as well as Republicans. Moderates and independents not as much but to some degree they still do. Even I have done it at times even though I try to avoid it.
Peadawg
February 8th, 2013
1:36 pm
“Perhaps pea should follow his own advice and listen.” – Aaand that would be…..????
“The gop will continue to focus to help Americans like our bankers that need no help from any American.”
I agree.
????
barking frog
February 8th, 2013
1:37 pm
peadawg
pee in a cup and support getalife’s retirement, mine too.
Peadawg
February 8th, 2013
1:37 pm
“Conservatives as well as liberals. Democrats as well as Republicans.”
That was my point.
getalife
February 8th, 2013
1:38 pm
pea,
Again, I am talking about testing the unemployed not for companies.
Peadawg
February 8th, 2013
1:38 pm
barking frog
February 8th, 2013
1:37 pm
No clue what you’re blabbing about
Peadawg
February 8th, 2013
1:39 pm
“Again, I am talking about testing the unemployed not for companies.”
Again, nice goal post movement.
barking frog
February 8th, 2013
1:39 pm
You can lead a blogger to knowledge but you can’t
make them think.
Moderate Line
February 8th, 2013
1:40 pm
getalife
February 8th, 2013
1:23 pm
Stop crying about freedom when you willingly pee in a cup and give it to government.
+++++
The government can not make you pee in a cup without probable cause with the exception of certain occupations within the government such as an Air Traffic Controller.
Private employers are not covered by this constitution limitation.