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#1
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Obama 6 pt plan revealed: Stocks continue collapse!
Just after Obama revealed his 6 point plan for increased regulation of the
financial sector the stock market decline continued with fervor. Nancy Pelosi says Dems are not to blame for the economic mess, yet weren't they supposed to take charge and make things better when they gained the majority? The "do-nothing" Congress? Obviously Nancy isn't leading the way. Obama doesn't show much leadership potential either. If the Democrats were supposed to accomplish so much in the first 100 days, why have they done so little for 700 days? They had their turn and things aren't getting better. |
#2
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Obama 6 pt plan revealed: Stocks continue collapse!
On Wed, 17 Sep 2008 11:09:38 -0600, "redbard"
wrote: Just after Obama revealed his 6 point plan for increased regulation of the financial sector the stock market decline continued with fervor. Nancy Pelosi says Dems are not to blame for the economic mess, yet weren't they supposed to take charge and make things better when they gained the majority? The "do-nothing" Congress? Obviously Nancy isn't leading the way. Obama doesn't show much leadership potential either. If the Democrats were supposed to accomplish so much in the first 100 days, why have they done so little for 700 days? They had their turn and things aren't getting better. http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B 63&sec=&spon=&pagewanted=print For those not interested in reading all, I'll just copy my favorite parts. This in 2003: Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing. ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'' Representative Melvin L. Watt, Democrat of North Carolina, agreed. ''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt said. |
#3
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Obama 6 pt plan revealed: Stocks continue collapse!
"Dave" wrote in message
... On Wed, 17 Sep 2008 15:35:03 -0500, Frank Boettcher said: ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'' Hey, they bought and paid for Barney. Then along comes Obama and they had to shell out to him in just two years 250% of what they'd paid Barney over the previous 10 years. Inflation, I guess. Democrats don't come cheap. You're right. They don't. The Republicans in Congress and the White House are cheap, however. -- "j" ganz @@ www.sailnow.com |
#4
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Obama 6 pt plan revealed: Stocks continue collapse!
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#5
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Obama 6 pt plan revealed: Stocks continue collapse!
Keith nuttle wrote:
If you look at a map of the coastal regions, you can see for yourself where the continental shelf ends. It is widest off of the Maine coast and off of Florida. The drilling would be essentially banned from North Carolina to Cape Cod. There appears to be no shelf on the west coast. (Get the facts, Check Google maps.) The shelf of the coast of Maine would be extremely dangerous with the ice flows (Remember the Titanic), so drilling would be difficult and extremely costly. We do it, or rather the Canadian Government allows it, off the coast of Newfoundland and Nova Scotia.... of course there was the Ocean Challenger incident, but hell, what's 84 lives in the big scheme of things. Cheers Marty |
#6
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Obama 6 pt plan revealed: Stocks continue collapse!
wrote in message ... Meanwhile, I wonder how Dave feels about his beloved banking industry going on welfare. Those are some pretty big handouts. Lets hope all that guvmint cheese doesn't jam the ATM machines. "Big handouts" = 11% interest rate, 80% asset backed. Meanwhile, TBills are going into negative returns. Let's see: loan money at 11% and borrow it at a negative interest rate. Big handout? |
#7
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Obama 6 pt plan revealed: Stocks continue collapse!
wrote in message ... On Wed, 17 Sep 2008 13:11:48 -0600, "redbard" wrote: wrote in message . .. Meanwhile, I wonder how Dave feels about his beloved banking industry going on welfare. Those are some pretty big handouts. Lets hope all that guvmint cheese doesn't jam the ATM machines. "Big handouts" = 11% interest rate, 80% asset backed. Meanwhile, TBills are going into negative returns. Let's see: loan money at 11% and borrow it at a negative interest rate. Big handout? Where's my 85 Billion dollar loan at those terms? You would pay 11% to borrow 85 billion with 80% asset backing the loan? You bet your ass its a welfare handout! With your financial acumen I wouldn't be surprised if you are regularly familiar with welfare handouts. I take it you aren't that inept in finance, that the problem is simply that you're unfamiliar with the terms of the "big handouts". If you don't understand what an 11% interest rate means to a large business, get some acumen. Have some more Kool-Aid! |
#8
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Obama 6 pt plan revealed: Stocks continue collapse!
On Wed, 17 Sep 2008 13:34:15 -0600, "redbard"
wrote: wrote in message .. . On Wed, 17 Sep 2008 13:11:48 -0600, "redbard" wrote: wrote in message ... Meanwhile, I wonder how Dave feels about his beloved banking industry going on welfare. Those are some pretty big handouts. Lets hope all that guvmint cheese doesn't jam the ATM machines. "Big handouts" = 11% interest rate, 80% asset backed. Meanwhile, TBills are going into negative returns. Let's see: loan money at 11% and borrow it at a negative interest rate. Big handout? Where's my 85 Billion dollar loan at those terms? You would pay 11% to borrow 85 billion with 80% asset backing the loan? You bet your ass its a welfare handout! With your financial acumen I wouldn't be surprised if you are regularly familiar with welfare handouts. I take it you aren't that inept in finance, that the problem is simply that you're unfamiliar with the terms of the "big handouts". If you don't understand what an 11% interest rate means to a large business, get some acumen. Have some more Kool-Aid! Let me know when it's all paid back, will you? |
#9
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Obama 6 pt plan revealed: Stocks continue collapse!
wrote in message news On Wed, 17 Sep 2008 13:34:15 -0600, "redbard" wrote: wrote in message . .. On Wed, 17 Sep 2008 13:11:48 -0600, "redbard" wrote: wrote in message m... Meanwhile, I wonder how Dave feels about his beloved banking industry going on welfare. Those are some pretty big handouts. Lets hope all that guvmint cheese doesn't jam the ATM machines. "Big handouts" = 11% interest rate, 80% asset backed. Meanwhile, TBills are going into negative returns. Let's see: loan money at 11% and borrow it at a negative interest rate. Big handout? Where's my 85 Billion dollar loan at those terms? You would pay 11% to borrow 85 billion with 80% asset backing the loan? You bet your ass its a welfare handout! With your financial acumen I wouldn't be surprised if you are regularly familiar with welfare handouts. I take it you aren't that inept in finance, that the problem is simply that you're unfamiliar with the terms of the "big handouts". If you don't understand what an 11% interest rate means to a large business, get some acumen. Have some more Kool-Aid! Let me know when it's all paid back, will you? Both you and Dave bring some very valid points, points I could not argue against. |
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