"Dave" wrote in message
...
On Fri, 5 Sep 2008 11:58:10 -0500, "jlrogers±³©"
said:

Whew, earth to Capt. JG, you are entering hyperspace!

Not entering. Remember, Ganz is the one who's been claiming the economy
has
been constantly in the crapper for the last 8 years.


Another example of the strong economy...

Breaking news.... U.S. Treasury secretary announces plan to take over
troubled mortgage giants Fannie Mae and Freddie Mac.

--
"j" ganz @@
www.sailnow.com

"redbeard" wrote in message
...

"Capt. JG" wrote in message
ons...
"Dave" wrote in message
...
On Fri, 5 Sep 2008 09:16:44 -0700, "Capt. JG"
said:

given that Community Organizer is a dirty phrase.

Not a dirty phrase. A joke.


I guess that's true, except that's exactly what McCain called for in his
speech of speeches. He's a war hero; therefore, he must be right!


I wonder if Obama had people reporting rattlesnakes, jaywalkers, noisy
neighbors and speeders to him as "community organizer".

The best thing about "community organizers" is that they are not elected,
they simply appoint themselves!

Even better, they set the agenda. No one would expect to see a "community
organizer" working against their own self interest would they?


I am amazed nobody seems to know what Obama's community organizer job
involved.

Well, I did some research and talked to my sister who lives in Chicago.
Community organizing Obama-style involved being a go-between with those who
wanted to work on one side and the union bosses and various and sundry
politicians on the other. Obama "sold" favors. The favors he sold were
letters from the union bosses that when secured (bought) by a worker
guaranteed him a job. Those with letters got jobs almost immediately while
those without letters stood in lines that sometimes wound around a city
block with only a handful of them managing to get a job.

So, in other words, Obama was a runner of sorts for the Chicago Democrat
political machine/union bosses.

These are the facts.

--
Gregory Hall

"Dave" wrote in message
...
On Sun, 7 Sep 2008 10:13:23 -0700, "Capt. JG"
said:

Breaking news.... U.S. Treasury secretary announces plan to take over
troubled mortgage giants Fannie Mae and Freddie Mac.

Lessee. Are those the same Fannie Mae and Freddie Mac that Jim Shumer was
urging to buy more and more mortgages to "solve" the problem? The same
ones
that the WSJ has for years been saying have had accounting issues and are
shaky? The same ones that have been making Chris Dodd, John Kerry, Barack
Obama and Hillary Clinton their top recipients of campaign contributions
over the last 19 years? Are those the ones?

Both should have been put out of their misery years ago by requiring them
to
sell off their assets to truly privately owned enterprises with no guvmint
guarantees, explicit or implicit.


They've been solvent and working until recently. Now they're not. Perhaps
you can blame Obama if you really try. After all, he was in the Illinois
Legislature and was a community organizer while Bushco was in the WH and the
Republicans controlled Congress.

--
"j" ganz @@
www.sailnow.com

"Dave" wrote in message
...
On Sun, 7 Sep 2008 11:57:15 -0700, "Capt. JG"
said:

Lessee. Are those the same Fannie Mae and Freddie Mac that Jim Shumer
was
urging to buy more and more mortgages to "solve" the problem? The same
ones
that the WSJ has for years been saying have had accounting issues and
are
shaky? The same ones that have been making Chris Dodd, John Kerry,
Barack
Obama and Hillary Clinton their top recipients of campaign contributions
over the last 19 years? Are those the ones?

Both should have been put out of their misery years ago by requiring
them
to
sell off their assets to truly privately owned enterprises with no
guvmint
guarantees, explicit or implicit.


They've been solvent and working until recently.

You just haven't been following the story as it unfolded. Shumer would
like
people to believe that fairy tale. The smart money knows better.

Now they're not. Perhaps
you can blame Obama if you really try. After all, he was in the Illinois
Legislature and was a community organizer while Bushco was in the WH and
the
Republicans controlled Congress.

Follow the money, Jon.


The "smart money" people are saying that they should be bailed out. The
half-ass compromise from Paulson isn't going to cut it....

"Paulson, whose comments came as shares of the so-called
government-sponsored enterprises tumbled to their lowest levels in 17 years,
said his department is "maintaining a dialogue with regulators and with the
companies."
Investors seemed unimpressed by the Treasury secretary's statement, as
stocks tumbled and oil prices climbed further into record territory. The Dow
Jones industrials fell more than 180 points and dropped below the 11,000
mark in mid-day trading for the first time in two years."


--
"j" ganz @@
www.sailnow.com

"Capt. JG" wrote in message
easolutions...
"Dave" wrote in message
...
On Sun, 7 Sep 2008 11:57:15 -0700, "Capt. JG"
said:

Lessee. Are those the same Fannie Mae and Freddie Mac that Jim Shumer
was
urging to buy more and more mortgages to "solve" the problem? The same
ones
that the WSJ has for years been saying have had accounting issues and
are
shaky? The same ones that have been making Chris Dodd, John Kerry,
Barack
Obama and Hillary Clinton their top recipients of campaign
contributions
over the last 19 years? Are those the ones?

Both should have been put out of their misery years ago by requiring
them
to
sell off their assets to truly privately owned enterprises with no
guvmint
guarantees, explicit or implicit.


They've been solvent and working until recently.

You just haven't been following the story as it unfolded. Shumer would
like
people to believe that fairy tale. The smart money knows better.

Now they're not. Perhaps
you can blame Obama if you really try. After all, he was in the Illinois
Legislature and was a community organizer while Bushco was in the WH and
the
Republicans controlled Congress.

Follow the money, Jon.


The "smart money" people are saying that they should be bailed out. The
half-ass compromise from Paulson isn't going to cut it....

"Paulson, whose comments came as shares of the so-called
government-sponsored enterprises tumbled to their lowest levels in 17
years, said his department is "maintaining a dialogue with regulators and
with the companies."
Investors seemed unimpressed by the Treasury secretary's statement, as
stocks tumbled and oil prices climbed further into record territory. The
Dow Jones industrials fell more than 180 points and dropped below the
11,000 mark in mid-day trading for the first time in two years."


Unattributed quotes - seems suspicious, let's see:


The DJIA last dropped below 11,000 on July 15th 2008. That's when oil was at
record prices.

Today, oil has dropped by almost 1/3 and the Dow is up over 1200 pts from
that alarming low.

Seems things are much better now, Paulson must have done well.

Is that your point?

"Dave" wrote in message
...
On Sun, 7 Sep 2008 18:28:39 -0700, "Capt. JG"
said:

The "smart money" people are saying that they should be bailed out.

What does "bailed out" mean? Should common shareholders' equity be wiped
out
entirely? What should happen to their loan portfolios--write it way down?
What about their outstanding non-cumulative preferred? What about their
debt?

"Bailed out" is just a phrase. Until it's given some content, one can't
talk
about the subject intelligently. Based on the very sketchy information
I've
seen so far, it looks to me like equity holders are being offered far too
good a deal. Initially it looks like they come away with 20% of the equity
of the reorganized enterprises if profitability is restored.


Yes, the economy is in bang up shape! Vote for Palin! She'll kill a few
moose.

--
"j" ganz @@
www.sailnow.com

"Capt. JG" wrote in message
tions...


Yes, the economy is in bang up shape! Vote for Palin! She'll kill a few
moose.



First intelligent thing you have said in weeks. Good idea!

"redbard" wrote in message
...

"Capt. JG" wrote in message
tions...


Yes, the economy is in bang up shape! Vote for Palin! She'll kill a few
moose.



First intelligent thing you have said in weeks. Good idea!


Looks like she's already killed the donkey stallions. Bwaahahahahahahahha.
Not only that but she's single-handedly assisting with colony collapse
disorder.

http://en.wikipedia.org/wiki/Colony_Collapse_Disorder

What a woman!

--
Gregory Hall

"Dave" wrote in message
...
On Sun, 7 Sep 2008 21:09:28 -0700, "Capt. JG"
said:

"Bailed out" is just a phrase. Until it's given some content, one can't
talk
about the subject intelligently. Based on the very sketchy information
I've
seen so far, it looks to me like equity holders are being offered far
too
good a deal. Initially it looks like they come away with 20% of the
equity
of the reorganized enterprises if profitability is restored.


Yes, the economy is in bang up shape! Vote for Palin! She'll kill a few
moose.

I've now seen a bit more about the proposed plan. Too little too late. And
for too generous to the companies' stockholders. Anyone who has been
following the story for a few years would recognize that these companies
have been heading for a crackup for some time, and Congress has been
turning
a blind eye, blinded by lobbyists and campaign contributors.

The following from one of today's news stories:

"Republicans have long pushed for a structured overhaul of Fannie and
Freddie. By contrast, Democrats have warned against making major changes
until the companies were stabilized. The companies have traditionally had
stronger backing from Democrats who ... for years have fended off calls
for
greater oversight....

Sen. Obama has received $105,849 from donors tied to the companies since
he
ran for the Senate four years ago, making him the third-largest recipient
in
Congress and among the top 25 listed in a recent report by the Center for
Responsive Politics, which examined contributions dating to 1989.

Sen. McCain has not listed in the report, and proponents of overhaul say
lobbyists have tried unsuccessfully to win him over."

And meanwhile you have Shumer and Frank continue to push for the companies
to buy more mortgages, putting them deeper in the hole. Lobbyists
apparently
had no trouble winning them over. Fortunately, the plan does require both
companies to stop their lobbying activities.


Hate to tell you, but as a result of the take-over, both companies will be
buying even more mortgages. This debacle is a direct result of the removal
of regulations in the last seven years.


--
"j" ganz @@
www.sailnow.com

"Dave" wrote in message
...
On Mon, 8 Sep 2008 07:58:38 -0700, "Capt. JG"
said:

Hate to tell you, but as a result of the take-over, both companies will be
buying even more mortgages. This debacle is a direct result of the removal
of regulations in the last seven years.

Oh? Please tell me what regulations on these two companies have been
removed
in the last seven years to contribute to this result. Oh, and while you're
at it, tell me about what regulations governing banks' mortgages have been
removed leading to this result. Inquiring minds want to know.


You're a good researcher. I'm sure you can do your own investigation of the
facts if you're so inclined, which I doubt.

--
"j" ganz @@
www.sailnow.com