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Author Topic: the biggest proposed government intervention in financial markets since the Great Depression  (Read 7384 times)

Nick Sevilla

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http://news.yahoo.com/s/ap/20080919/ap_on_bi_ge/financial_me ltdown

Laughing

See what happens when you vote Republican?

Your Tax Dollars go down the pockets of the rich fools who made this mess to begin with.

If this does not wake some "die hard" Republicans, I really do not know what will.

Just TWO WEEKS AGO, Bush AND McCain were talking about how strong our economy is.

Really???

I'd hate to hear what their version of a "bad economy" is.

F**K Bush!!! and his Administration! Brace yourselves, we're In a bad economy...regardless of what you hear in the news.

At least, I did not invest in Wall Street, my Great Grand-dad gave us all the best advice:

"Don't EVER put your money in a Stock investment, it's always run by thieving greedy liars".

My Great Grand-dad , Don Luis Sevilla y Querejazu co-founded the Mexico City Trade Market,named "Bolsa Mexicana de Valores" back in the beginning of the 20th century.

His advise is as sound as ever. he always kept most of his money in gold bullion at the bank vault. He did not suffer through the great Depression. He actually made a profit for most of the 1930's.

Cheers
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It is quite possible, captain, that they find us grotesque and ugly and many people fear beings different from themselves.

www.nicksevilla.com

Jay Kadis

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"We don't need no regulation,
We don't need no trade controls...
No dark protests in the boardroom
Hey! Congress! Leave Wall Street alone!"

Jessica A. Engle

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What really baffles me is why Bush hasn't been hounded out of office.  Being lied to is one thing, I expect that.  But being lied to in so inept a fashion that even a small child can figure it out?  That just reeks of the disdain for our intelligence and our welfare (economic or otherwise).  

And the latest polls put Obama and McCain basically in a dead heat.  

The sheer will-force of people's complacency is utterly baffling to me.  I've stopped trying to figure it out because it kept giving me a headache.  Now I just watch, and marvel.

Jessica
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MDM,

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maybe the reason he's not out is because americans are not kicking him out, and to do so they would have to get off their couches and start behaving like political activists in great numbers..

maybe even a civil war would be needed to weed out wall-street's effects.

as long as americans THINK they are free, the bushes and company do not suffer any threat.

to study and see what the government is ACTUALLY doing to freedom of the individual takes too much effort for many people..

perhaps washington thinks that nobody is strong enough to fight them anymore, which is probably why they are being so sloppy in their political actions..
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I must study politics and war that my sons may have liberty to study mathematics and philosophy .. in order to give their children a right to study painting, poetry and music.
John Adams (1735-1826) 2nd President, United States

cerberus

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Jessica A. Engle wrote on Fri, 19 September 2008 12:16

What really baffles me is why Bush hasn't been hounded out of office.

hi jessica;

i think you might discover the answers may be in these great books:

plato: the republic

hamilton, madison & jay : the federalist papers
(particularly no.10 by james madison)

i would have recommended the new testament
as well, but iirc you've already read it.

jeff dinces

Nick Sevilla

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Jessica A. Engle wrote on Fri, 19 September 2008 09:16

What really baffles me is why Bush hasn't been hounded out of office.  Being lied to is one thing, I expect that.  But being lied to in so inept a fashion that even a small child can figure it out?  That just reeks of the disdain for our intelligence and our welfare (economic or otherwise).  

And the latest polls put Obama and McCain basically in a dead heat.  

The sheer will-force of people's complacency is utterly baffling to me.  I've stopped trying to figure it out because it kept giving me a headache.  Now I just watch, and marvel.

Jessica


There is a movement... but it is not very popular.

And, if you know how to manipulate weak minded people, like this Administration does, then you have nothing to fear from your constituents.

One word : IGNORANCE.

There's plenty of it in the middle of the country, where most of the Republican states are. As long as they are fed, have a job, and a little entertainment, they will do nothing to change the country.

Perhaps if 9/11 happened in Missouri or Georgia, things would have been a little different...
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It is quite possible, captain, that they find us grotesque and ugly and many people fear beings different from themselves.

www.nicksevilla.com

cerberus

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MDM, wrote on Fri, 19 September 2008 12:38

civil war would be needed
that is really fucked up. video games don't keep you occupied?

jeff dinces

Jay Kadis

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cerberus wrote on Fri, 19 September 2008 10:14

MDM, wrote on Fri, 19 September 2008 12:38

civil war would be needed
that is really fucked up. video games don't keep you occupied?

jeff dinces

Video games are covert training exercises.  Let's play Predator!

cerberus

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mark, i thought your post (below) was worth reading.

jeff dinces

bigaudioblowhard

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YZ

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A few thoughts by this very humble and financial-market ignorant guy:

- The U.S. government's plan calls for the buying of mortgage-backed securities as part of the effort to keep the economy from a big decline;

IMVHO the buy-backs should be of the mortgages themselves directly, let the hedge funds and indirect investors have their losses/profits from the result of the mortgage buy-backs;

- Limiting short-selling: good. very good.

- Insuring and backing money-market funds: bad. unfair.  Take care of the mortgages directly and the money-market funds that were hedged in mortgages will recover, slowly but surely.

IMVHO it is the borrowers that should be "insured" and "backed"; the people who'd bet that there would be immense profits from such subprime lending should content themselves with the profits they've already reaped during the boom, and with the more modest returns after Government intervention.

Work with the people who bought houses, bring the rates back down to reasonable levels, institute a "moratorium" of a few months to allow for their recovery (along with the general economy), freeze and isolate the related securities/investment funds, then gradually start collecting payments again.

Re-evaluate the result periodically and apply changes accordingly.

Then this mess may be sorted out in a few years' time with reduced losses for the small guy who bought a house and consequentially for everyone else who invested in mortgage derivatives.

But the house-buyer should not be left hanging.

Again, IMVHO.
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regards,

YZ

MDM,

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cerberus wrote on Fri, 19 September 2008 12:14

MDM, wrote on Fri, 19 September 2008 12:38

civil war would be needed
that is really fucked up. video games don't keep you occupied?

jeff dinces




nope, I don't play video games, I don't like violence, I don't watch TV and I don't watch hollywood movies..

what I'm saying is that the average citizen has no clue (how can they) of how much of the government is actually controlled and corrupted from the ideals of the constitution etc.

so to take the government back into the people's hands, people will have to stand up to the government.. historically corrupt gov's are overthrown by violence.


the beauty of the USA is that when it was formed, it was mostly barren land.. there was no 'old money' in the USA to undermine freedom..

now there is.
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I must study politics and war that my sons may have liberty to study mathematics and philosophy .. in order to give their children a right to study painting, poetry and music.
John Adams (1735-1826) 2nd President, United States

cerberus

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Jessica A. Engle

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Nick Sevilla wrote on Fri, 19 September 2008 12:10


One word : IGNORANCE.

There's plenty of it in the middle of the country, where most of the Republican states are. As long as they are fed, have a job, and a little entertainment, they will do nothing to change the country.

Perhaps if 9/11 happened in Missouri or Georgia, things would have been a little different...


Ignorance and complacency are not the same.

There's plenty of ignorance no matter where you go, or what "color" state you happen to live in.  

Those people you mention, who will do nothing as long as they are fed and have jobs and can go to the movies or download their porno or whatever people do for fun..... you're describing complacency, not ignorance.

People are smart enough to know where their money goes.  You don't have to watch the news to be informed, you just have to buy gasoline once in a while.  Because it's right under their nose.  It doesn't take a genius.  It just takes the ordinary sort.  

Those ordinary sorts have made their voices heard in the past.  I just don't see why that isn't happening now (despite reccomended readings on the topic).  How many more disasters is it going to take to shake people from complacency?

But as I said, I'm just content to sit back and watch at this point.  People simply do not care, and I find that highly disturbing.  And until they start to care, they're getting what they deserve.  And that disturbs me as well.

So I've stopped trying to fathom it.  Life will go on, and eventually I'll die just like I was destined to before all this Bush/Global Warming/2nd Great Depression/Etc. stuff started.  
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Nick Sevilla

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Jessica A. Engle wrote on Fri, 19 September 2008 10:57

Nick Sevilla wrote on Fri, 19 September 2008 12:10


One word : IGNORANCE.

There's plenty of it in the middle of the country, where most of the Republican states are. As long as they are fed, have a job, and a little entertainment, they will do nothing to change the country.

Perhaps if 9/11 happened in Missouri or Georgia, things would have been a little different...


Ignorance and complacency are not the same.

There's plenty of ignorance no matter where you go, or what "color" state you happen to live in.  

Those people you mention, who will do nothing as long as they are fed and have jobs and can go to the movies or download their porno or whatever people do for fun..... you're describing complacency, not ignorance.

People are smart enough to know where their money goes.  You don't have to watch the news to be informed, you just have to buy gasoline once in a while.  Because it's right under their nose.  It doesn't take a genius.  It just takes the ordinary sort.  

Those ordinary sorts have made their voices heard in the past.  I just don't see why that isn't happening now (despite recomended readings on the topic).  How many more disasters is it going to take to shake people from complacency?

But as I said, I'm just content to sit back and watch at this point.  People simply do not care, and I find that highly disturbing.  And until they start to care, they're getting what they deserve.  And that disturbs me as well.

So I've stopped trying to fathom it.  Life will go on, and eventually I'll die just like I was destined to before all this Bush/Global Warming/2nd Great Depression/Etc. stuff started.  


When some of these people in the middle of America are asked... they do not know where the border with Mexico is, nor why we invaded Iraq (they sometimes say it was to look for Osama...go figure), nor a bunch of basic math stuff, like basic division stuff. It is this very ignorance which allows complacency to be so high.

The only disaster I can think of is one that is right in their face, one they cannot ignore. Kinda like Katrina, but further North. That is unlikely to happen soon.

Complacency, while not like ignorance, can arise from ignorance. If you do not know what is wrong, why get up to fix it or change it?

Cheers
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It is quite possible, captain, that they find us grotesque and ugly and many people fear beings different from themselves.

www.nicksevilla.com
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