These crooks declare bankruptcy and will default on billions, citizens can't even discharge student loans in bankruptcy. This country is run for the benefit of the corporations and to the detriment of the citizens. United States of America, Inc.

#1 | Posted by danni at 2009-11-02 11:16 AM

YEAH what she said, uh oh one of us has to be wrong...

Aren't small businesses basically citizens?

Isn't your paperboy a small business?

"Aren't small businesses basically citizens?"

People are citizens. Corporations have more rights in bankruptcy court than you do.

Isn't your paperboy a small business?

#4 | Posted by mysterytoy at 2009-11-02 11:25 AM

Paperboy????

Who has paperboys any more?

Who has paperboys any more?

Mayberry RFD.

People are citizens. Corporations have more rights in bankruptcy court than you do.

No they don't. Take out the same type of loan CIT seeks to restructure or discharge, then go file bankruptcy. You will be treated the same.

Take out the same type of loan CIT seeks to restructure

As a citizen, can I get $10 billion worth of that?

What if I sell stock in $9.5 billion of it?

A measly five percent fee off the top will do it for me.

The court can divide the rest among my creditors.

The stockholders can go hang.

The Taxpayer's Raped by CIT would be a more accurate headline.

No they don't. Take out the same type of loan CIT seeks to restructure or discharge, then go file bankruptcy. You will be treated the same.

The government bailed out CIT to the tune of 2.3 billion, I believe. That would, to me, seem comparable to a government guaranteed student loan. They can declare bankruptcy and be absolved of that debt, if we owe on a student loan we cannot...so, Joe is just plain wrong.

Danni, when was Joe not wrong?

These crooks declare bankruptcy and will default on billions, citizens can't even discharge student loans in bankruptcy. This country is run for the benefit of the corporations and to the detriment of the citizens. United States of America, Inc.
#1 | Posted by danni

And like I keep saying, this country is run for the benefit of corporations with the full knowledge and cooperation of Washington. Danni can scream all she wants about taxing the rich. It is the rich who are taxing her and her socialist friends (and the innocent). The rich used her own greed against her. What a sucker!

The bankruptcy of CIT dries up a source of credit for small business. The effect will pressure more small businesses to close up shop.

So........ tell me. How much money have we made on that bank bail-out deal?

Ray, Right is Right told me the value of Gold will drop substantially in the next year.

That would, to me, seem comparable to a government guaranteed student loan.

Why? The purpose of the loan is different. Government has deemed business loans to be more open to discharge in bankruptcy than student loans. If you disagree, petition your favorite democrat to change the law. Your team is running the show now. You can change every law on the books that your little heart desires.

"You can change every law on the books that your little heart desires.-Joe"

That's not true. You need the Republican party to back it up, too.

Look at National Healthcare. It can't be passed without the Rep's.

Of course, Bush was able to get everything he wanted in his last two years, so it proves you need the party with less seats in the House to get what you want.

"Your team is running the show now."

Not really, the corporate lobbyist team is running the show. That is exactly why we have the unfairness in bankruptcy laws that favors the corporations over citizens.

You need the Republican party to back it up, too.

No, you don't. You have a 60-vote majority in the Senate. You can pass whatever you want.

Not really, the corporate lobbyist team is running the show.

Via your favorite political party. How does it feel to vote for corporate whores?

Ray, Right is Right told me the value of Gold will drop substantially in the next year.
#15 | Posted by jackass

I saw his post. You should read what I wrote on the same thread.

Gold is not his sphere of expertise. Gold has risen by a factor of 4 since 2001 and the best is yet to come as we head into the worst days for the dollar.

Not really, the corporate lobbyist team is running the show.

But I thought one member of our team was going to do something about that if he got elected.

So yes, danni, your team is indeed running the show -- or not running it as they promised at any rate.

our team =
your team

Not really, the corporate lobbyist team is running the show. That is exactly why we have the unfairness in bankruptcy laws that favors the corporations over citizens.
#18 | Posted by danni

Oh yes really. You no doubt voted for the political side of the corporate lobbyist team.

Not really, the corporate lobbyist team is running the show. That is exactly why we have the unfairness in bankruptcy laws that favors the corporations over citizens.

#18 | Posted by danni

You are right on that--that bill passed bi-partisan with good measure from both sides voting for it.

Now Barney is trying to put together another bill that does NOTHING about what got us into the mess of Sept 2008.

To Big To Fail--the bill is a joke and so is Barney.

"Oh yes really. You no doubt voted for the political side of the corporate lobbyist team."

I voted for the more liberal of the two parties. My best hope is to elect those who are the closest to my way of thinking even though I know they are not immune to the power of lobbyists. We should have federally funded election campaigns and take the power of money out of the process but I won't hold my breath until that happens.

I voted for the more liberal of the two parties.

I know. Then let me state it another way: the corporations own both parties.

We should have federally funded election campaigns and take the power of money out of the process but I won't hold my breath until that happens.

That only shifts the problem of corruption to another level. It would be the last step towards cutting off politicians from the voters. For as long as the political class has the power to regulate commerce, there is no chance of breaking the yoke of corruption. You're ideals contain a bundle of impossible contradictions.

Good thing the bailout of CIT was structured in such a way as to guarantee that the the taxpayer gets fucked by this.

"I voted for the more liberal of the two parties."

LOL. You voted for the more liberal corporate whore. Congratulations.

"It would be the last step towards cutting off politicians from the voters."

No it wouldn't, it would make politicians answerable to the people instead of making them dependent upon campaign donors who have their own agenda.

Danni

Who do you imagine would staff the federal election committees? How does someone get their attention? I'll leave that for you to think about.

Fire up the presses, we need some more money. Bail these folks out, quick!

And Hillary's over in the middle east handing out IOU's.

Tick toc, tic toc, tic toc.

No it wouldn't, it would make politicians answerable to the people instead of making them dependent upon campaign donors who have their own agenda.

#30 | Posted by danni at 2009-11-03 01:36 PM

lmao. How's Obama doing on that issue?

Oh that's right, he didn't take public financing. I forgot.

O = One
B = Bad
A = Ass
M = Mistake
A = America

"Oh that's right, he didn't take public financing. I forgot."

You got to get elected before you can change things. Obama didn't invent the system but I'm sure if he thought he could get it passed, he'd support federally funded campaigns. Hell, passing health care reform would have been a breeze if Congress could vote their conscience instead of pander to lobbyists for the campaign dollars they need for reelection. I hear righties whine about "small government" all the time, I will bet you money that if you removed lobbyists and their money from politics we could shrink government far easier than we can with them owning Congress.
The very idea that we tolerate it for even one day is repulsive and makes America look like a false hero. You simply can't have a great country that has a government which is bought and paid for.

I am waiting for that ZOMBIE AUTO COMPANY-Chrysler to finally give it up. Oh, I forgot they need to burn up a couple more billion before that happens.

Sooooo danni why did they fail????

They lent money....

Because they lent money to corporations which was used to finance their operations. And you call that evil? Your pathetic hypocrisy is really shining through on this one.

You wanted the gov to make all those 'greedy' banks lend money to the 'public'. Problem is you hate ALL for profit companies, so WHO would you have them make loans to???