Havin' trouble with following the teleprompter as usual

Fuck this retarded clown.

Bush is a complete moron who has yet to tell the truth when his lips are moving.

Take everything the Cheerleader-In-Chief says and pretend it's opposite day.

Who...?
Oh, him...

ron up north

It's the new Republican "Trickle Up" economic theory.

Bush is a complete moron

Thats giving him a lot.. I don't think the guy is really stupid..

I think instead of taking a golden egg now and again he took the fuckin' goose...

Lying, stealing, bastard

Righties deserve what they voted for so OWN IT!

"I don't think the guy is really stupid."

I've known him for years.
There's nobody home.
Total sockpuppet.
Suckers.

It's the new Republican "Trickle Up" economic theory.

#4 | Posted by reebop at 2008-09-24 09:25 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

Watch the 700 billion trickle away right into someones pockets...

It wasnt enough that he fucked our eyes out with Iraq

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

I've known him for years.
There's nobody home.
Total sockpuppet.
Suckers.

#6 | Posted by Zatoichi at 2008-09-24 09:27 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

He managed to get two terms... what does that say for those who voted for him???

Whatever he says, you can take it to the bank.

Unless it's one of the banks that has failed lately, or is a moribund Wall Street Firm.

Quite a performance.

Bush doing wot he does best.

Fearmongering with lies.

Anybody buying a word out of that little shit's mouth anymore?

Yeah, didn't think so.

Be Well.

"Whatever he says, you can take it to the bank."

No, you don't even have to. He'll take your money to the bank FOR you.

Bush speech in a nutshell:

"Help me destroy America or America will be destroyed."

" what does that say for those who voted for him??? "

Posted by lfthndthrds

Actually, in the last election, 98% of Americans voted for a Yalie frat rat with a two-digit IQ.

I voted for the guy who worked on the software for the Stealth.

He managed to get two terms... what does that say for those who voted for him???

Not good things.

Be Well.

Bush speech in a nutshell:

"Help me destroy America or America will be destroyed."

#12 | Posted by k_g_beekeeper at 2008-09-24 09:36 PM | Reply | Flag:

Hasn't that been the MO of these creeps for the last six-seven years?

I had to laugh when Bush blamed this mess on the federal finance rules and regulations
for being "out of date."

Err, no Bush, you and your corporate crooks made sure the finance rules and regulations
were put out of existence.

No one followed the rules and regulations and Bush and his crooks in Congress made sure any banking regulators either turned a blind eye or lost their jobs.

We've been scammed to the tune of a TRILLION dollars.

$700 billion in this bailout scheme and more than $350 billion already spent to bail out Fannie Mae, Freddy Mac, AIG and Lehman Brothers.

How does it feel to have a President who's an outright thief and con man?

better post now because once it splits, fuck posting.

I voted for the guy who worked on the software for the Stealth.

www.wallpaperbase.com

#13 | Posted by Zatoichi at 2008-09-24 09:36 PM | Reply | Flag:

It's like you didn't vote at all, but you're really smart.

pretend it's opposite day.

It IS opposite day. It's Wednesday.

"six-seven years?"

More like since Reagan.

You morons should keep your powder dry, Hussein is going to be saying the same thing tommorrow or Friday. Give your knee jerk hatred a rest and listen for a change.

[Bush] managed to get two terms... what does that say for those who voted for him???

Hell, there are still fools on here who would follow Bush to the gates of hell if he told them to.

Disgraceful idiots.

Why anyone would listen to bush now is beyond me.

Why anyone would actually think bush would make a policy action that is looking out for the people of this country when after 8 years he has done nothing but lie saying the same thing but it was all to make the rich a little more rich. This will be nothing different.

How stupid can people be.

"You morons should keep your powder dry, Hussein is going to be saying the same thing tommorrow or Friday. Give your knee jerk hatred a rest and listen for a change."

Fuck off. Bush is a punk, so is Obama, and so are you, partisan fuck.

Get yer rifles ready darlings, Bugs is tellin' me its duck huntin' season, and there's alot of people in Washington duckin'.

"How stupid can people be"

Some people stick out like Mike Tyson at a MENSA conference.

George Bush finally did something right, making this speech, a well-written, and well-delivered speech. (who the fuck said that!)

Facts are facts. No credit and a 30 trillion dollar run on money market funds would ruin the economy completely.

And the most Lame of Ducks, Bush, has already given in to everything the Dems want, including rules on CEO compensation.

Bill Clinton, the guy who should be about to be elected President, speaking out on CNN now helps, too.

Bubba actually made 600 million on the Mexico bail out, and made money on a couple of other of these kinds of investments.

And Obama has Bill's economic team intact.

It IS opposite day. It's Wednesday.

~Ness Gadol

Ok, now we have morons and idiots.

Now 'we' can try and actually read what this legislation is trying to accomplish and what will happen if it doesn't.

If you think last the last two mondays and tuesdays were bad, wait and see what happens if this doesn't get done.

Once again, in the Olympics of Stupidity, America may again come home with gold. I dare any nation on Earth to prove that they are truely stupider than Americans.

"It's like you didn't vote at all"

The fools never "get it."
Never.

It's so sad, seeing a species capable of flight committing planetary suicide in a few hundred years.

That's why you get shit like you're stuck with.

Time for a culling of the herd.

Zatoichi-
You don't want solutions. You want to be smug and pretend that you are merely an observer, above it all.

Question for anyone...

I have a refinance loan which not some subprime piece of crap but a regular, fixed rate loan.

Tonight Bush talked about all these loans being bundled up together and sold off as "mortgage securities" which were then bought up by Freddie and Fannie. Those are the loans Bush wants to take MY $700 billion in tax dollars to buy back.

Follow me here...

Since all these Fannie and Freddie-owned loans (said to be about 3/4th of the nation's loans) are now owned as mortgage securities Freddie and Fannie and soon to be bought from them via this bailout bill, would it be possible for a person to "buy back" their own home loan at a much cheaper amount from the soon to be new owner -- the U.S Treasury?

Sounds crazy but after all the crap I'm seeing being pulled in this bailout deal and how we the taxpayers are buying up these loans bundled together into mortgage securities, why isn't it possible a taxpayer could make an offer to the U.S Treasury to buy out their own loan (at a much cheaper amount, of course lol)

Did I make any sense?

" now we have morons and idiots. '

A cursory study of history will reveal that they have always been with us.
-H. L. Mencken, who was himself an idiot, but he never denied it

If you think last the last two mondays and tuesdays were bad, wait and see what happens if this doesn't get done.

#28 | Posted by r_zeitgeist at 2008-09-24 09:46 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

Why dont you, with all your infinite wisdom tell us all why it came to this in the first place?!

"All men are frauds. The only difference between them is that some admit it. I myself deny it."
-H. L. Mencken

And still it turns.

"If you think last the last two mondays and tuesdays were bad, wait and see what happens if this doesn't get done"

America used to be about responsibility, the backbone of liberty and freedom, now its about a bunch of pussies saying, "do this and do that or things will be baaaaad. Fuck 'em. Hold 'em to account, and hold 'em high.

Well, fuck, we all die in all positions. Some of us die curled up sucking their thumb. Some die with bullet holes in their armpits. Some die when they give the government a bit more power here and there to further pad their lily asses.

Until we start learning to take account to ourselves and our responsibility to maintain stewardship for this nation first and foremost and what it stands for we are FUCKED. So take your fuckin' bailout proposal and shove it up your ass. This country has been through worse scenarios than this and have come out better for the struggle, for the pain. To actually think for one instance that Americans couldn't handle the associated pain of taking on the consequences of saying FUCK YOU! without rising to the occasion and reasserting America's greatess in the world is to be about as unpatriotic as possible.

No doubt there are issues about the whole entire "plan" that need to be addressed.

And folks can and have had a field day with the gushing of blame to every corner.

But there is a problem, a crisis, and it needs to be resolved.

We don't want to see Monday without something in place.

Oh--it can just fail--and then the plan has to go in anyway. And millions of Americans savings and 401k will see a 50% reduction. (that is the guess and the reason for the urgency). And yes--there are no funds to loan you a nickel. So this is a liquidity problem.

They need to work on this and get it done--oversight and accountability and who handles the paper and sells the homes when the market adjusts and rolling something or other (per Newt).

There are issues.

Now I hear the 700 billion is 5% of the total amount of home loans in the marketplace. Wondered how they came to that number. Bush should have said this in his speech.

without rising to the occasion and reasserting America's greatess in the world is to be about as unpatriotic as possible.

#36 | Posted by k_g_beekeeper at 2008-09-24 09:57 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

I agree.

Wanna know the truth? No one knows how bad this is right now, except an elite bunch...

If we dont bail 'em out You will see the bad and ugly of why in the fuck these companies are in the contition they are in....

Sad part is - good men and women's retirement and well being depend on it...

Chris,

Now the rich people who are going to gain wouldn't get their money.

What is missing is the money is not going away, it is going to someone and if you follow the money it is going right back to the banks that originally made the loans and are supposedly hurting.

This isn't about protecting the people and helping the masses, it is about stealing other peoples money and keeping them endentured to work instead of retired.

This is nothing but a fed rich man scam to steal money and property.

Why do I get the feeling that the Government is slipping the Taxpaying populace a Mickey Finn so they can have their way with the taxpaying public yet again??

Larry

You morons should keep your powder dry, Hussein is going to be saying the same thing tommorrow or Friday. Give your knee jerk hatred a rest and listen for a change.

#21 | Posted by r_zeitgeist at 2008-09-24 09:40 PM | Reply | Flag:

The Dems are calling for oversight, regulation and no giant payoffs for top executives, Bush isn't.

Also, why are both Bush and Paulson calling for a bailout that can never be reviewed or investigated? If it's all on the up-and-up, there's nothing to hide, right?

Your blind loyalty is amusing.

Bush should have said this in his speech.

#37 | Posted by MURPHY at 2008-09-24 10:02 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
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After 8 years you still think he knows what he's reading of that prompter????

#40 | Posted by LarryMohr at 2008-09-24 10:05 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

How the hel are you Larry? Good to see you around.

Let's see. The economy has been fueled for decades now by individuals borrowning money to buy/ pay for stuff they really don't need.

So, it's only logical now to print up some more money so individuals can borrow some money for some more stuff they really don't need.

Anyone seen my rebate certificate?

Yippeeeeeeee, the gubment is here to hep.

Your blind loyalty is amusing.

#41 | Posted by COMMONSENSE at 2008-09-24 10:05 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
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Sounds like he's got plenty of powder....

The only thing holding the plan up now is House Republicans. McCain thinks he can ride into town and force those votes. Heroically, of course.

Obama statement says he is "heartened and encouraged" by what he heard from Bush.

This is a done deal.

We don't want to see Monday without something in place.

The hell we don't.

There's absolutely no need to rush this $700 billion bailout bill through in only a few days.

The nation's economy is not going to collapse if Congress takes another 2-3 weeks
to go over the details. It's their job!

Bush wants it rushed through so no one has time to read it. So no one can see he and his thugs are literally getting $700 billion in a blank check.

Did you know Bush had made a provision in his bailout bill there would be NO criminal or civil prosecutions allowed for any of the scam artists who got us in this mess. Hmm, now why would Bush want to make sure his corporate cronies in crime would never be held legally liable for their massive theft and fraud? Can any of you who continue to keep your noses up Bush's butt answer that one for me?

I am actually doing great for once. I have lost 31 pounds in 2 Months and got My blood Pressure down to under 120/80. I am seriously happier than a pig in slop. How about You?? How are You??

Larry

If we dont bail 'em out You will see the bad and ugly of why in the fuck these companies are in the contition they are in....

If the financial companies go under the majority of the nation will barely feel it, what is going to happen is all ready rolling.

This government helping is nothing but a legal way to give money away for free while a few elite people gather up all this supposed lost money.

A scam all at the peoples expense by REPUBLICAN PARTY.

$$$$WAR

This is nothing but a fed rich man scam to steal money and property.

It sure is and the Republicans and their corporate donors have turned it into an art.

This bailout bill is out and out theft of one trillion dollars of taxpayers' money out of our Treasury. Right in front of our eyes.

CC--

Great question--I can try. And if someone wants to jump in to correct and or add--great..

First if you are current on your loan--you are not part of the "bad paper".

Now--I think the plan is supposed to operate--with allowing the owner to walk away--then someone in the gov't is going to sell the house.

Or they might be able to refi--with a better rate--and maybe longer terms to obtain a lower house payment--so folks can stay.

There is possibility that we could make money on this deal. We made money on the S&L crisis back in the 80's.

But the uncertainty is what gives everyone the jitters. We don't know if the cure will be worse than the original problem.

Corky

Obama statement says he is "heartened and encouraged" by what he heard from Bush.

This is a done deal.

I have come to the conclusion that Obama will roll over for these corporate
crooks as soon as he gets into office.

I don't like McCain and I don't have any confidence that Obama won't fall right in line with the rest of them once elected.

This election year sucks.

I am actually doing great for once. I have lost 31 pounds in 2 Months and got My blood Pressure down to under 120/80. I am seriously happier than a pig in slop. How about You?? How are You??

Larry

#48 | Posted by LarryMohr at 2008-09-24 10:11 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
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Doing fine...

I can relate on the weight loss...

Couple of years ago I had bad results from a physical >300 cholesterol.

Lost 25 lbs got the ole diet in check Joined a gym

Shit went down to 117 in months...

Never took a pill other than the over-the-counter
fish oil and flax seed..

way to go

Chris

Obama is doing the right, thing. Hell, he'll probably make money on the deal over time. These sleazy investment bankers are trying to get in on this deal now.

And we will finally end up with some of the regulations that people like McCain fought against for so long.

Murphy

First if you are current on your loan--you are not part of the "bad paper".

I'm all current and up to date and was never a part of the "bad paper."

But are some of the "good" loans consolidated in with the bad loans into one bundled "mortgage security"? Who's going to pick trhough all bundled mortgage loans apart and separate all the good loans from the bad ones? Looks to me like the U.S. Treasury is going to now own ALL these bundled mortgage securities previously held by Freddie and Fannie.

" We made money on the S&L crisis back in the 80's."

Really?

You mean that whole Keating Five thing that McCain was involved in?

"We made money" on that?

Please explain.

I am actually doing great for once. I have lost 31 pounds in 2 Months and got My blood Pressure down to under 120/80. I am seriously happier than a pig in slop.

Larry

Good for you, Larry!

Schmidt (McCain's campaign) said that if an agreement is not reached by Monday, "there is potential for an economic calamity the likes of which has not been seen since, potentially, the Great Depression."

Palin concurred.

Bush invites McCain and Obama to the WH tomorrow to discuss the legislation.

Bush doesn't want the debates to happen, either.

The GOP definitely doesn't want Palin debating.

So go the political gamesmanship.

"good men and women's retirement and well being depend on it"

And health as well. I'm 47, no immediate family and I've always been in pretty good health but i was diagnosed with T2 diabetes earlier this year and, despite a trickle of VA Comp that comes my way, I am looking as just of an uncertain future as anyone, but still the pain and struggle this country inherits for making tough but wise decisions will be for the best. I am hopeful it will fashion a new generation of tough Americans who are loyal to country first, not to party or an ideological crusade that we see in our interventionist follies overseas. I saw what struggle and pain did to many of my father's generation-- the depression era bunch-- we would have never been able to win WWII without that built-in toughness of that era.

The nation's economy is not going to collapse if Congress takes another 2-3 weeks
to go over the details. It's their job! Per CC

Have you seen the market this week? We are heading to 1000 points lost. That is people's savings and 401k's.

The market has no confidence and it's getting worse and Monday--by some accounts could see big big points drop off the market.

You nor I could get a nickel in a loan--because there is no money in the system. Everyone is tied up in this BS mortgage BS.

And this is not just Republicans--wish folks would deal with the reality that the whole lot of them are to blame and gaming the system and getting donations.

Murphy-
re: " We made money on the S&L crisis back in the 80's."

Seriously, where do you get this bullshit?

My fellow americans,

lube up and assume the position

"We made money" on that?

Please explain.

Yeah, I'd like to hear that one too.

I don't remember any check being cut in my name.

Just who is the "we" who made the money?

Larry - I think you have a lot of supporters here pulling for you. Slow and steady, small changes, all that stuff. You have my e-maill addy if you ever want to write. I'm very happy for you!

Murphy-
I would like for you to explain to me how "we", the taxpayers, made money off of the S&L bailout.

It's very complicated, so let me put it in day to day terms...

Your teen-ager told you he is responsible, he doesn't need any rules, dude.

So you leave him at home and go on a trip. He gets drunk, wrecks your car, throws a party at your house for 250 of his friends, trashes the place, gets arrested and fined.

And when you return, he demands you pay HIM for wrecking your car, demands a new car, demands you pay HIM for the damage to the house, demands you pay the fine, demands a larger allowance or he will cause more damage NEXT time, demands your credit cards, refuses to apologize, refuses to stop drinking and asserts AGAIN, he doesn't need any rules because they interfere with his freedom.

Sound like Wall Street?

Thanks CalifChris. I was losing the ability to even walk so I had to do something. Besides that My GI can't handle what I was feeding it anymore. Thanks to NSAIDS.

Larry

Bubba made 600 million back of taxpayer dollars to the Treasury on the big Mexico bail out in the 90's.

About bail-outs

CC--

F&F are investors and own about 40-50% of the loans in the market.

They hire servicers--banks to collect the loan payments, ensure they pay the taxes and insurance, etc. You may or may not have F&F as the investor.

You could be paying your loan to BoA or WAMU or Wells Fargo etc directly. If so--your loan is not bundled.

And if the loan is paid to F&F--that servicer is keeping tabs.

What is crazy is that Fannie and Freddie will sell the foreclosure for the exact amount of the original loan, barely fix it, and put it back on the market to re-sell.

So the profit comes if the market adjusts and they can sell it for more that the original foreclosure price.

Thanks Yav I appreciate it.

Larry

Good for you, Larry.

Good job Larry--excellent. Keep it up!

Yav--Sarah will debate Biden--you missed the Governor debates and she does fine and holds her own. Check out c-span..

Thanks Guys. It's hard at times but no choice now.

Larry

I'm even surprised you would bring up the S&L bailout, Murphy, given that McCain was rebuked by the ethics committee for "poor judgment" in intervening with Fed. regulators on behalf of of a campaign contributor in matters his family was invested in (see Keating Five), but to actually claim that the taxpayer ended up ahead on the bailout is beyond laughable.

Seriously, where do you get this bullshit, and why do you continue to trust a source that would fill you full of demonstrable lies?

"Yav--Sarah will debate Biden--"

And thousands of puppies will die.

Aflac!

Murphy-
Really. I'd like to know who's feeding you bullshit like this, so I can contact them:

"We made money on the S&L crisis back in the 80's."

"Thanks Guys. It's hard at times but no choice now.

Larry"

Posted by LarryMohr

Hang in there, you crazy ...

You're a good egg, ....

Doesn't Sarah Palin have a voice like Jackies on the Roseanne show??

Murphy just makes stuff up.

Reagan won a nobel peace prize.
Russia is a member of NATO.
S&L scandal made "us" money.
McCain ducking palin out of the debates means Obama is an empty suit.

She's a joke.

Does anyone know where crap like this is coming from?

"We made money on the S&L crisis back in the 80's."

Does anyone else besides me find the tremendous level of corruption and fraud --
reaching all the way to the White House -- to be depressing as hell?

Or is only me?

I really don't like either candidate and I don't even feel like voting this year.

"Reagan won a nobel peace prize.
Russia is a member of NATO.
S&L scandal made "us" money.
McCain ducking palin out of the debates means Obama is an empty suit."

And don't forget, Obama is a Marxist!

"Doesn't Sarah Palin have a voice like Jackies on the Roseanne show??"

Or possibly Fran Drescher on The Nanny.

And don't forget, Obama is a Marxist!

#84 | Posted by nullifidian at 2008-09-24 10:42 PM | Reply | Flag

God. If half the righties here ever met a real marxist they would crap their pants. How these people presumably dress themselves or turn on a computer is beyond me.

And the American people got NAFTA to save the day, loss of 3 million jobs and walmart jobs.

Yes, the 90's were great, and this all coming from corky the "CLINTON" supporter.

Yep, he is certainly out for our best interest.

Lfthand, it was greed, pure and simple at every level. Low intrest rates, fueling speculaive purchases, bundled into subprime credit tranches in other wise good bonds that defaulted, that sent a downward spiral of fear.....

It was lack of oversight, it was pie in the sky wishfullness, it was sloppy pigishness.....

It was everyone, the last 5 Presidents, the congress, the lenders, the real estate agents, the speculators, the financial corporations, CNBC, Jim Kramer, naked shorts, it was Europe, it was Asia (both of whom gobbled up the subprime bonds), it was rising commodity costs, OPEC, it was Alan Greenspan, it was you, it was me....

And I can tell you two things.

1. Without a bipartisan stimulus package/bail out purchase, things will go in the shitter real bad and real quick.

2. The deal, as written, is better then you guys on both the right and the left think it is......

Neil Cavuto just said it on Greta's show. Kid you not..

So I google around and not finding anything.

Sent him an email..will let you know.

And Alex was the trickster on the Noble prize --

--------------------------
McCain ducking palin out of the debates means Obama is an empty suit."

And don't forget, Obama is a Marxist!

And I corrected the post that Russia was not a member of NATO--like you guys are perfect or something? pfft

Those are true

Nah dude Fran Drescher has a sexy voice. At least to Me.

Larry

CC, Yes, I want to see members of either party
being led away in handcuffs over this mess. This
I hope will be the crack that will purge allot
of thieves and lobbyist out of DC. As for the
private sector the same applies.
FYI WM closed at $2.48 and head down

Like I said the other night, this is a issue of man's economic Gaia gone awry....

"Doesn't Sarah Palin have a voice like Jackies on the Roseanne show??"

Yer being polite.

Murphy- you thought reagan won a nobel.

And you didn't even bother to google it before stating it was a fact. That's your whole problem. You just make stuff up that sounds right(to you) and never bother to fact check.

The S&L statement you made takes the fucking cake.

Well, lessee here, you've let scumbags and thieves and Wall Street j____ take over your government and somehow you're surprised things are falling apart?

The sad part is that the bozo is right. The bailout has to happen. $700 billion is a drop in the bucket and probably not enough. It's roughly what we've thrown down the Iraq toilet (when a little $5 million missile would've worked fine.) The big picture includes $14 trillion in national debt, $70 trillion in unfunded mandates and between $50 trillion and $350 trillion in bogus paper created out thin air by the aforementioned Wall Street j____, all looking for another Big Score.

The house of cards is at least $135 trillion. Good luck with that $700 billion idea.

Murphy-
I would like for you to explain to me how "we", the taxpayers, made money off of the S&L bailout.

#65 | Posted by BetelG
* * * *

The RTC was formed by the Bush Administration to sell the assets seized in the S&L bailouts, and the program netted out $20 billion in profits to the taxpayers. Should have been more.

Murphy-
re: And I corrected the post that Russia was not a member of NATO--like you guys are perfect or something? pfft

Those are true

#89 | Posted by MURPHY at 2008-09-24 10:47 PM | Reply | Flag:

Cool. So you heard on FOXNEWS that the taxpayer came out ahead on the S&L scandal (McCain, Keating Five) and bailout?

When has anyone ever see a loan shark lose money?

Now the banks are refusing to give out loans until they get bailed out, basically holding the American people hostage until we do what they ask and give them more money so they can continue their loan shark ways.

Are these banks and politicians interested in the actual people who they are suppose to serve, nope, just want another way to take the money quick and easy.

"Scary Failin's voice sounds more like THIS!"

Rightisright-
re: The RTC was formed by the Bush Administration to sell the assets seized in the S&L bailouts, and the program netted out $20 billion in profits to the taxpayers.

So... if the taxpayer bails out an slew of private entities for, say, $200 billion, and gets 10% back, that's a "profit" in your odd lexicon?

The deal, as written, is better then you guys on both the right and the left think it is......

Especially section 8, right Rex?

Be Well.

How these people presumably dress themselves or turn on a computer is beyond me.

#86 | Posted by Alexandrite
* * * *

I just ask myself, "What would Obama do?" In fact, this weekend I'm going out with a black woman. Maybe in October I'll get into community organizing, run for Congress, practice saying "present" 200 times, write two autobiographies, and win the presidency in 2012.

RightisRight-
re: "and the program netted out $20 billion in profits to the taxpayers. Should have been more."

"profits"? WTF?

Most people (everyone) think of a "profit" as buying low and selling higher. In your estimation a "profit" is buying high and getting a pittance back.

Do I have your definition of "profit" right?

Former CEO of General Electric Co., Jack Welch said he supports Republican Presidential nominee John McCain and said he would work for $1 per year on a McCain task force to help the economy if asked to do so. He said McCain's policies would be more likely to create jobs than those of Democratic nominee Barack Obama, in part because Obama is overly beholden to labor unions.

Actually, Spud, it's more like this...

~Nulli

Yeah about that...

Spud, being Canadian, cannot actually access wwwTV.com.

Spud just gets this "won't work in yer region" message when Spud is click.

One day somebody is gonna have to decribe to Spud wot is on that vid.

Rarely stay up late enuff to watch Conan anymore.

Be Well.

The RTC was formed by the Bush Administration to sell the assets seized in the S&L bailouts, and the program netted out $20 billion in profits to the taxpayers. Should have been more.

#96 | Posted by rightisright at 2008-09-24 10:51 PM | Reply | Flag:

Too bad the bailout cost 1.4 trillion for the taxpayers. Nevermind that James Fail got 1.85 billion from taxpayers(govt subsidies) as a reimbursement for spending 1000 dollars to buy 15 failing S&L's.

Then WE got back 20 billion and paid 1.4 trillion.

Gosh, we really won that one, didn't we RiR and Murphy?

You two are factually challenged.

The RTC was formed by the Bush Administration to sell the assets seized in the S&L bailouts, and the program netted out $20 billion in profits to the taxpayers. Should have been more.

Bull shit, nothing but fancy numbering without including all the accounting.

How many lost investments, retirements and such got their money back, billions lost but that was not the rich elite so it was an acceptable loss.

This is another bush scam once created by bush's brother and now created by bush himself.

Apparently America is not capable of learning the first time, need to go through it a second time all at the expense of property and retirement.

RightisRight and Murphy-

Are you folks not the least bit insulted when fed this bullshit?

I guess not, because you even pass on the new definition of "profit" as if it were wisdom.

I just ask myself, "What would Obama do?" In fact, this weekend I'm going out with a black woman. Maybe in October I'll get into community organizing, run for Congress, practice saying "present" 200 times, write two autobiographies, and win the presidency in 2012.

#102 | Posted by rightisright at 2008-09-24 10:58 PM | Reply | Flag:

Graduate Magna Cum Laude at harvard and be a prof for a while. Then I'll be impressed, dimwit.

Oh, and learn that TRILLION is bigger than BILLION before commenting on the Savings and Loan Scandal.

"and the program netted out $20 billion in profits to the taxpayers."

How can these people even bathe themselves, or remember to breathe?

In case you two missed it:

Tax payers paid 1.85 billion.(just for james fail)
Lots of people lost their asses.
We collectively got back 20 billion.
Then had to pay 1.4 trillion.
1.4 trillion + .15 billion WE paid

= Profit?

ROFL...

The right monkeys just spout and spout never actually thinking what they say or caring what is happening as long as it protects the party affiliation.

Each time threads come up like this and RCADE lets this type of shit fly it just demeans the site. These same people have multiple handles posting the same bull shit over and over.

Yep, this is going to be good, and 5 years from now when millions are laid-off and looking for work we will all say it was such a good deal giving these money lenders aid at the expense of our jobs and wages.

I wanna know who I can pay 1000 dollars to and get 1.85 billion.

Does it cost your soul before or after when making such a deal? I mean: Do you need infernal magicks to make such a deal possible, or do you just go to hell for taking advantage of that situation?

Graduate Magna Cum Laude at harvard and be a prof for a while. Then I'll be impressed, dimwit.

Oh, and learn that TRILLION is bigger than BILLION before commenting on the Savings and Loan Scandal.

#109 | Posted by Alexandrite
* * * *

I was going to do that next January. Maybe you can take my class on Economic history, where I'll go over why the RTC was fairly successful, and would have saved the Treasury several hundred billion dollars more had the entire S&L assets been rolled over into the RTC, instead of just the commercial property.

But, your DNC talking points don't cover the minutiae of those kind of things.

Try this link, Spud.

Alex--I did google "noble" and found the site that you corrected me on. Reagan did not get a Nobel Prize. Grow up.

How can these people even bathe themselves, or remember to breathe?

#110 | Posted by BetelG

* * * *

Well, it's back to Obama again. Once Joe Biden told us that Obama cleans himself occasionally, I ordered a crate of Barack loofahs, direct from Nigeria.

RightisRight-
re: "and the program netted out $20 billion in profits to the taxpayers."

You pass on this bullshit to your students?

Dude, they should sooo get a refund, and a debriefing.

Conan O'Brien "improves" Palin's voice...

But, your DNC talking points don't cover the minutiae of those kind of things.

#114 | Posted by rightisright at 2008-09-24 11:07 PM | Reply | Flag:

Sorry. they're not DNC talking points. They're factual numbers I looked up.

Sorry you can't argue your way out of a paper bag, and have to link to NBC standup.

1.4 trillion in cost(loss) means 20 billion isn't a profit, dipshit. Especially since we already paid 1.85 billion in govt subsidies before that.

Where do you think that govt money comes from? Dope.

If you think last the last two mondays and tuesdays were bad, wait and see what happens if this doesn't get done.

#28 | Posted by r_zeitgeist

it needs to happen dumb fuck. The bubble has to pop sometime and now is as good as any.

I wonder how many other Magna Cum Laude graduates from Harvard know that there are actually 57 United States in America!

Such a smart man that Obama!

Well, it's back to Obama again...

#117 | Posted by rightisright at 2008-09-24 11:09 PM | Reply | Flag

That's because you desperately wish to change the subject from the "profit" you claimed the taxpayers got when they bailed out the S&L's in the scandal McCain was involved in.

Try this link, Spud.

Thank Nulli, but Spud gets "This clip not available from yer location" with that one.

It's like the Daily Show and the Colbert Report.

Spud can watch it on the Comedy Network site where it plays in Canada but not on the Comedy Central site from the US.

Be Well.

Sept. 24 (Bloomberg) -- Billionaire Warren Buffett, calling turmoil in the markets an ``economic Pearl Harbor,'' said his $5 billion investment in Goldman Sachs Group Inc. is an endorsement of the Treasury's $700 billion bank rescue plan.

``I am betting on the Congress doing the right thing for the American public and passing this bill,'' Buffett said on cable channel CNBC today. ``I certainly have a vote of confidence in Goldman and vote of confidence in Congress.''

Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke are pushing Congress to quickly approve the proposal to remove illiquid assets from the banking system. Buffett is buying a stake in New York-based Goldman after three of the investment bank's biggest competitors collapsed or were forced into emergency sales.

``I think the Treasury will pay back the $700 billion and make a considerable amount of money,'' Buffett said, adding that if he had $700 billion on the government's terms to buy distressed assets, he would. ``Unfortunately, I'm tapped out.''

Goldman rose $4.95, or 4 percent, to $130 at 4 p.m. in New York Stock Exchange composite trading after Buffett's Berkshire Hathaway Inc. agreed yesterday to the investment. It will pay 10 percent interest and give Buffett the right to buy $5 billion in common stock in the next five years at $115 a share.

Scold

Buffett, 78, has frequently scolded Wall Street for shoddy accounting and risky investments. He's investing in the most profitable U.S. investment bank a week after Lehman Brothers Holdings Inc. went bankrupt and Merrill Lynch & Co. sold itself to Bank of America Corp. Bears Stearns Cos. in March was absorbed by JPMorgan Chase & Co.

``It's not like Pearl Harbor where you could look at what happened with your own eyes and decide you had to do something that day,'' Buffett said on the cable channel. ``This is sort of an economic Pearl Harbor we're going through.''

rightisright-
re: "Maybe you can take my class on Economic history..."

Since you're an expert, maybe you can explain how the taxpayers earned a "profit" from the S&L bailout, as you claimed.

Sorry you can't argue your way out of a paper bag, and have to link to NBC standup.

oh, wait...you didn't actually link to ANYTHING RiR, you just insulted me. That must be some class you teach. I can't wait for the next generation of economic "experts" and their voodoo theories to fuck my country. Cuz their teacher doesn't even know that trillion is more than billion.

Murphy. Go google it. You could stand to learn how.

re: "and the program netted out $20 billion in profits to the taxpayers."

You pass on this bullshit to your students?

Dude, they should sooo get a refund, and a debriefing.

#118 | Posted by BetelG
* * * *

The RTC program did. But most of the writeoffs during the S&L unwinding were independent of the Resolution Trust Corporation. In fact, most of the S&L paper was disposed of at enormous losses directly into the capital markets, and led to the greatest bond market boom in history, from 1993-1995. That's right--in history.

But you can believe whatever you want. You're more entertaining this way. Your libtard Congressmen are about to vote for a package that YOU believe is going to cost upwards of a trillion dollars. And how are you spending your time? Calling them? Writing letters? No--blogging anonymously on some left-wing corner of the internet, on one of your (at least) two usernames. How heroic of you.

"Grandpa, were you there when they passed the big bailout of the big Wall Street banks?"

"I sure was. I typed for two hours, to a handful of people who think just like I do. Then I stopped to watch Reno 911. We couldn't stop it, dammit. The damn righty tighties were too strong for us, and the Democratic Congress, and the Democratic candidate for president, and the Democratic-leaning mass media . . ."

Wasn't Jack Welch a huge GW fan? How'd that work out? Fuck Jack Welch.

Good lord. If economic experts such as RightisRight have sway, we'll be earning a "profit" if we get some chickens and a goat for the $700,000,000,000 Wall Street bailout.