kenwas

kenwas

Joined Member # 645129
0 Posts 105 Replies 1,617 Reputation

And now this from Fannie http://online.wsj.com/article/SB122641622440217445.html?mod=rss_whats_news_us which includes the following: "The streamlined effort will target certain loans that are 90 days or more past due, these people said. The program will aim to bring the ratio of mortgage payments for these homeowners to 38% of their income by modifying interest rates and in some

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I told you Doc that I couldn't make this stuff up. For all those who wish to lay this solely at Bush's door, please note the comment by good old Barney Frank in the Bloomberg article about not to worry(which is what he said about Fannie and Fredie) and if the Treasury had to take a little hit here and there that's OK. As if it were their money somehow! ALL of these folks are out of control.

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And now the first of the credit card companies has joined the fun! http://online.wsj.com/article/SB122635928776415457.html?mod=rss_whats_news_us Is there no end? Does anyone realize the bill we are preparing for our children? I can't imagine that the airlines can not be far behind. Sure seems like massive self destruction to me.

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[quote]Yes, come on now. Who gives a crap about this?! Don't we have more important things...you know ISSUES to be debating...like the: [/quote] In itself it is unimportant, but in the overall tone of the thread, it seems to me to be an examle of your inability to say you were wrong about anything in your insistence that Obama did not make a gaff here. Rather you just shift away to "who cares about this crap anyways?" It exemplifies your attitude that you are always

1,276 Replies 2,682,491 Views

[quote]Nancy Reagan DID do the whole spiritual mumbo jumbo thing. All Obama APOLOGIZED for was the perceived slight to someone that people respect, Nancy Reagan, in SPITE OF her mumbo jumbo-ness. So, his apology was not a gaff. He was dead on correct to say he won't be turning to that ignorant, scam, cold reading, lies for money, new age, astrology, pseudo-science utter garbage. He was just making sure it wasn't perceived as an insult to an eldery old first lady.[/quote] <p

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It would now appear that as well as the stock purchase part of the bank bailout, the loan part is also out of control and without ooversite!!!! http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide

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[quote]Er....no-one 'did the math' 85 billion divided by 200 million is not 425,000 anythings. It's 425. If you can pay off your house mortgage with 425 minus tax then you ain't in any 'crisis' at all..... Spell checker[/quote] There you go Paul. Trying to confuse things with FACTS!

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[quote]So, you are complaining because it got easier for the rich for 8 years, and it's now going back to the way it was 8 years ago...when our economy was booming, unemployment was at its lowest, and our government was running a surplus and paying down its debts. The dollar was quite strong and the stock market was making real money (unlike the phantom money that just disappeared with the housing bubble).[/quote] The stock market was making real money? Things were just great?&

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[quote]In any case, as I recall regarding our current political climate, I think the only thing that has been put forward is a rollback of the Bush tax cuts for the wealthy hardly an example of "punishing".[/quote] I agree with you but I was responding to his post (#26) which called for withholding services from the rich as a "class" punishment for being in the top 5% elite.

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[quote]I'm sorry Kenwas but trickle down economy is bullshit. I'm not calling for a revolution. I would just like these people that don't have a clue what our lives are like to just experience it for a while. That's the view from my "class".[/quote] Who said anything about trickle down economics? I was simply taking a view against blaming everything on classes of people, in this case the top 5%. There are good folks and bad folks at all levels if you insist on having a "class

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[quote]It's funny you ask this, I just came from a thread where it was, for want of a better word, accused of being a divided nation under John Howard. Hmmm, I'm not going back in there, but, for as unpopular as he was, Howard actually united the nation by virtue of his unpopularity, tha fact that the majority disliked him and were united in their opinions... the proof of the pudding being that Australia unanimously and unceremoniously dumped him, not just as PM but from Parliament entirely.

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[quote]Good one NT. Only one problem: Nobody has the choice of not showing up at the table without relinquishing his citizenship and leaving the country. Taxes aren't "voluntary".[/quote] Good point Doc, but what they can and have done is simply move the money/company off shore to a more favorable atmosphere.

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[quote]when its guts up in trouble over banks belly-up, wars and people losing their homes and jobs, largely as a result of Banks/Wall Street/corporate greed [/quote] Yep, the media always tells us it is another Great Depression. Of course that is quite far from the truth. Our horrible unemployment is 6.5% which is a whopping 1.5 percent over what is usually consider full employment. The government thinks this could go up to 7.5%. In the GReat Depression it was 32%.<

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[quote]Irrespective of politics, we in Australia are as one and don't need to rally around to get it together when tragedy strikes. We're always together as one, as a nation, and the support is instant no matter what.... regardless of ones political beliefs/affiliations. That is our strength, and one the US could learn from...being as one.[/quote] Were you all together and as one under John Howard? Not from what I have read. Perhaps you exaggerate the political fragme

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Just to show you how the media can really stretch the truth, we have all heard what an amazing turn out this election was going to have, the greatest turnout in history, etc. Well that too was not the case. Just more media hype. http://politicalticker.blogs.cnn.com/2008/11/06/report-08-turnout-same-or-only-slightly-higher-than-04/

1,276 Replies 2,682,491 Views