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Ken Marino October 24th 08 04:47 PM

social security
 

Immigrants moved into this country, and at age 65, began to receive
Social Security payments! The Democratic Party gave these payments to
them, even though they never paid a dime into it!



ARE YOU READY TO TURN EVEN MORE PROGRAMS OVER TO OUR GOVERNMENT? I WOULD
SAY TO THE FOLLOWING: "READ AND WEEP?"

Subject:Social Security


NOTE THAT LAST PARAGRAPH __ A VERY SOBERING THOUGHT __ THOMAS JEFFERSON
WAS RIGHT !


Franklin Delano. Roosevelt
32nd. President, Democrat
Terms of Office March 4, 1933, to April 12, 1945 Our Social Security

Franklin Delano. Roosevelt (Terms of OfficeMarch 4, 1933, to April 12,
1945), a Democrat,introduced the Social Security (FICA) Program. He
promised:

1.) That participation in the Program would be Completely
voluntary,

2.) That the participants would only have to pay 1% of the
first $1,400 of their annual Incomes into the Program,

3.) That the money the participants elected to put Into the
Program would be deductible from Their income for tax purposes each
year,

4.) That the money the participants put into the
Independent 'Trust Fund' rather than into the General operating fund,
and therefore, would Only be used to fund the Social Security Retirement
Program, and no other Government program, and

5.) That the annuity payments to the retirees would never
be taxed as income.

Since many of us have paid into FICA for years and are now receiving a
Social Security check every month -- and then finding that we are
getting taxed on 85% of the money we paid to the Federal government to
'Put Away' -- you may be interested in the following:



Dwight David Eisenhower
34th. President, Republican,
Term Of Office: January 20, 1953 to January 20, 1961

Insert by Vincent Peter Render,
If I recall correctly, 1958 is the first year thatCongress voted to
remove funds from Social Security and put it into the General Fund for
Congress to spend.

If I recall correctly, it was a democratically Controlled Congress.

(You do recall correctly)

From what I understand, Congress logic at that time was that there was
so much money in Social Security Fund that it would never run out / be
used up for the purpose it was intended / set aside for.




Lyndon Baines Johnson 36th. President, Democrat Term Of Office:November
22, 1963 to January 20, 1969

Question: Which Political Party took Social Security from the
Independent 'Trust Fund' and put it into the General Fund so that
Congress could spend it?

Answer: It was Lyndon B. Johnson (Democrat, Term Of Office:
November 22, 1963 to January 20, 1969) and the democratically Controlled
House and Senate.



Question: Which Political Party eliminated the income tax Deduction
for Social Security (FICA) withholding?

Answer: The Democratic Party.


William Jefferson Clinton
(Bill Clinton)
42nd. President
Democrat Term of Office:January 20, 1993 to January 20, 2001


So we didn't get as much of a tax break under Clinton as we thought, did
we?

Albert Arnold Gore, Jr.
(Al Gore)
45th. Vice President
Democrat Term of Office:January 20, 1993 to January 20, 2001 Question:
Which Political Party started taxing Social Security annuities?

Answer: The Democratic Party, with Albert Arnold Gore, Jr. (Al
Gore) [Vice President Term of Office: January 20, 1993 to January 20,
2001] casting the 'tie-breaking' deciding vote as President of the
Senate, while he was Vice President of the US .




James Earl Carter, Jr(Jimmy Carter)
39th. President, Democrat
Term of Office: January 20, 1977 to January 20, 1981 Question: Which
Political Party decided to start giving Annuity payments to immigrants?

AND MY FAVORITE:
Answer: That's right! James Earl Carter, Jr. (Jimmy Carter)
(Democrat, Term of Office: January 20, 1977 to January 20, 1981) and the
Democratic Party.

Immigrants moved into this country, and at age 65, began to receive
Social Security payments! The Democratic Party gave these payments to
them, even though they never paid a dime into it!



Then, after violating the original contract (FICA), the Democrats turn
around and tell you that the Republicans want to take your Social
Security away!

And the worst part about it is uninformed citizens believe it!

If enough people receive this, maybe a seed of Awareness will be planted
and maybe changes will Evolve. Maybe not, some Democrats are awfully
Sure of what isn't so.

But it's worth a try. How many people can YOU send this to?

Actions speak louder than bumper stickers.

AND CONGRESS GIVES THEMSELVES 100% RETIREMENT FOR ONLY SERVING ONE
TERM!!!




Thomas Jefferson
3rd. President, Democrat
Term of Office: January 20, 1801 to January 20, 1809

'A government big enough to give you everything you want, is strong
enough to take everything you have..'

- Thomas Jefferson


Keith nuttle October 24th 08 04:59 PM

social security
 
Ken Marino wrote:
Immigrants moved into this country, and at age 65, began to receive
Social Security payments! The Democratic Party gave these payments to
them, even though they never paid a dime into it!



ARE YOU READY TO TURN EVEN MORE PROGRAMS OVER TO OUR GOVERNMENT? I WOULD
SAY TO THE FOLLOWING: "READ AND WEEP?"

Subject:Social Security


NOTE THAT LAST PARAGRAPH __ A VERY SOBERING THOUGHT __ THOMAS JEFFERSON
WAS RIGHT !


Franklin Delano. Roosevelt
32nd. President, Democrat
Terms of Office March 4, 1933, to April 12, 1945 Our Social Security

Franklin Delano. Roosevelt (Terms of OfficeMarch 4, 1933, to April 12,
1945), a Democrat,introduced the Social Security (FICA) Program. He
promised:

1.) That participation in the Program would be Completely
voluntary,

2.) That the participants would only have to pay 1% of the
first $1,400 of their annual Incomes into the Program,

3.) That the money the participants elected to put Into the
Program would be deductible from Their income for tax purposes each
year,

4.) That the money the participants put into the
Independent 'Trust Fund' rather than into the General operating fund,
and therefore, would Only be used to fund the Social Security Retirement
Program, and no other Government program, and

5.) That the annuity payments to the retirees would never
be taxed as income.

Since many of us have paid into FICA for years and are now receiving a
Social Security check every month -- and then finding that we are
getting taxed on 85% of the money we paid to the Federal government to
'Put Away' -- you may be interested in the following:



Dwight David Eisenhower
34th. President, Republican,
Term Of Office: January 20, 1953 to January 20, 1961

Insert by Vincent Peter Render,
If I recall correctly, 1958 is the first year thatCongress voted to
remove funds from Social Security and put it into the General Fund for
Congress to spend.

If I recall correctly, it was a democratically Controlled Congress.

(You do recall correctly)
From what I understand, Congress logic at that time was that there was
so much money in Social Security Fund that it would never run out / be
used up for the purpose it was intended / set aside for.




Lyndon Baines Johnson 36th. President, Democrat Term Of Office:November
22, 1963 to January 20, 1969

Question: Which Political Party took Social Security from the
Independent 'Trust Fund' and put it into the General Fund so that
Congress could spend it?

Answer: It was Lyndon B. Johnson (Democrat, Term Of Office:
November 22, 1963 to January 20, 1969) and the democratically Controlled
House and Senate.



Question: Which Political Party eliminated the income tax Deduction
for Social Security (FICA) withholding?

Answer: The Democratic Party.


William Jefferson Clinton
(Bill Clinton)
42nd. President
Democrat Term of Office:January 20, 1993 to January 20, 2001


So we didn't get as much of a tax break under Clinton as we thought, did
we?
Albert Arnold Gore, Jr.
(Al Gore)
45th. Vice President
Democrat Term of Office:January 20, 1993 to January 20, 2001 Question:
Which Political Party started taxing Social Security annuities?

Answer: The Democratic Party, with Albert Arnold Gore, Jr. (Al
Gore) [Vice President Term of Office: January 20, 1993 to January 20,
2001] casting the 'tie-breaking' deciding vote as President of the
Senate, while he was Vice President of the US .




James Earl Carter, Jr(Jimmy Carter)
39th. President, Democrat
Term of Office: January 20, 1977 to January 20, 1981 Question: Which
Political Party decided to start giving Annuity payments to immigrants?

AND MY FAVORITE:
Answer: That's right! James Earl Carter, Jr. (Jimmy Carter)
(Democrat, Term of Office: January 20, 1977 to January 20, 1981) and the
Democratic Party.

Immigrants moved into this country, and at age 65, began to receive
Social Security payments! The Democratic Party gave these payments to
them, even though they never paid a dime into it!



Then, after violating the original contract (FICA), the Democrats turn
around and tell you that the Republicans want to take your Social
Security away!

And the worst part about it is uninformed citizens believe it!

If enough people receive this, maybe a seed of Awareness will be planted
and maybe changes will Evolve. Maybe not, some Democrats are awfully
Sure of what isn't so.

But it's worth a try. How many people can YOU send this to?

Actions speak louder than bumper stickers.

AND CONGRESS GIVES THEMSELVES 100% RETIREMENT FOR ONLY SERVING ONE
TERM!!!




Thomas Jefferson
3rd. President, Democrat
Term of Office: January 20, 1801 to January 20, 1809

'A government big enough to give you everything you want, is strong
enough to take everything you have..'

- Thomas Jefferson

You are confusing them with facts. I believe that when I start working
it was called social security insurance. Then the democrats gobbled it
up for general spending.

Capt. JG October 24th 08 06:30 PM

social security
 
"Ken Marino" wrote in message
m...

bs snipped

The bottom line... is the country better off now and headed in the right
direction vs. when Clinton was in office. If you believe it is, vote for
McCain/Palin. If you believe it isn't, vote for Obama/Biden. If you're still
unsure vote for Nader and you'll figure it out after January 20th and Bush
is reelected.

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




Ken Marino October 24th 08 08:35 PM

social security
 
On Fri, 24 Oct 2008 10:30:23 -0700, Capt. JG wrote:

"Ken Marino" wrote in message
m...

bs snipped

The bottom line... is the country better off now and headed in the right
direction vs. when Clinton was in office. If you believe it is, vote for
McCain/Palin. If you believe it isn't, vote for Obama/Biden. If you're
still unsure vote for Nader and you'll figure it out after January 20th
and Bush is reelected.


That is such a wrong analogy. The question is who do we trust to correct
it, not who caused the problem. The problems happened with Bush, but were
also caused by liberal policies. McCain is the better man among our
choices. I agree he isn't the best choice, but is miles ahead of Obama
and his socialistic ideas for America.

Capt. JG October 24th 08 09:12 PM

social security
 
"Ken Marino" wrote in message
m...
On Fri, 24 Oct 2008 10:30:23 -0700, Capt. JG wrote:

"Ken Marino" wrote in message
m...

bs snipped

The bottom line... is the country better off now and headed in the right
direction vs. when Clinton was in office. If you believe it is, vote for
McCain/Palin. If you believe it isn't, vote for Obama/Biden. If you're
still unsure vote for Nader and you'll figure it out after January 20th
and Bush is reelected.


That is such a wrong analogy. The question is who do we trust to correct
it, not who caused the problem. The problems happened with Bush, but were
also caused by liberal policies. McCain is the better man among our
choices. I agree he isn't the best choice, but is miles ahead of Obama
and his socialistic ideas for America.



Well, I don't think it's completely wrong, but I understand your point. It's
not just about who caused it. The problems happened under Bush and were
caused by fake conservative policies. McCain was among those who advocated
for the failed policies of deregulation, but he wasn't alone either on the
Republican side or on the other side. Certainly, there is a level of
complicity on both sides. The problem is that the Republicans have been in
charge for the last 10 years, and they had plenty of opportunity to assert
true conservative fiscal measures, but they didn't.

You claim that McCain is the better choice, but history shows that his 26
years in Congress doesn't support that notion. He used "poor judgement"
during the Keating affair. He, by his own words, voted 90% with Bush. After
his loss in 2000 to Bush, he wanted to roll back the tax cuts. I thought
that was correct. Now, he's totally against such a roll-back. I certainly
agree he's not the best choice. And, I still don't understand this
"socialist" drumbeat. McCain voted for the crappy bailout and in the same
breath calls gov't intervention a bad thing and socialist. This makes no
sense.

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




Capt. JG October 25th 08 12:13 AM

social security
 
"Dave" wrote in message
...
On Fri, 24 Oct 2008 10:30:23 -0700, "Capt. JG"
said:

"Ken Marino" wrote in message
news:SMKdnVvALfSHc5zUnZ2dnUVZ_jmdnZ2d@earthlink. com...

bs snipped


What statement from Ken were you replying to, Jon?



The original one in this thread, since it was just a rehashed rant.

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




Capt. JG October 25th 08 04:51 AM

social security
 
wrote in message
...
On 24 Oct 2008 18:02:01 -0500, Dave wrote:

On Fri, 24 Oct 2008 10:30:23 -0700, "Capt. JG"
said:

"Ken Marino" wrote in message
news:SMKdnVvALfSHc5zUnZ2dnUVZ_jmdnZ2d@earthlink .com...

bs snipped


What statement from Ken were you replying to, Jon?


What statement from Jon are you so worried about?



It was in the snipped part. Dave wants the full monty when it suits him.
Sorry for the bad pun.

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




Capt. JG October 25th 08 06:56 PM

social security
 
"Dave" wrote in message
...
On Fri, 24 Oct 2008 13:12:29 -0700, "Capt. JG"
said:

McCain was among those who advocated
for the failed policies of deregulation,


So long as people buy into that kind of superficial nonsense, the problem
won't be solved. There needs to be some creative thinking about how to
restructure our financial system so that there is no such thing as a bank
too big to fail.

There are a lot of mortgage backed assets out there now that are changing
hands, when they do change hands, at far less than their risk and
projected
cash flows justify. That means there are some big profit opportunities for
the right buyer.

There is also a great deal of capital sitting on the sidelines that could
be matched up with those assets. The objective should be to get the
undervalued assets out of the hands of the "too big to fail" institutions
and into the hands of a large number of smaller players funded by the
capital on the sidelines.

That means that in one fashion or another those "too big to fail"
institutions have to be allowed to fail, and their assets split up into a
number of smaller but healthy institutions.

Empty-headed slogans about the supposed evils of deregulation (a la
Democrats), or "corruption" or "greed" (a la McCain) aren't going to get
us
there.



I agree with much of this, except that I do believe a lot of this could have
been prevented or mitigated by regulations that were either abandoned or
ignored. And, there was certainly plenty of corruption and greed. McCain
knows all about that, having been involved up to his eyeballs with Keating.


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




Ken Marino October 25th 08 08:45 PM

social security
 
On Sat, 25 Oct 2008 10:56:48 -0700, Capt. JG wrote:

"Dave" wrote in message
...
On Fri, 24 Oct 2008 13:12:29 -0700, "Capt. JG"
said:

McCain was among those who advocated
for the failed policies of deregulation,


So long as people buy into that kind of superficial nonsense, the
problem won't be solved. There needs to be some creative thinking about
how to restructure our financial system so that there is no such thing
as a bank too big to fail.

There are a lot of mortgage backed assets out there now that are
changing hands, when they do change hands, at far less than their risk
and projected
cash flows justify. That means there are some big profit opportunities
for the right buyer.

There is also a great deal of capital sitting on the sidelines that
could be matched up with those assets. The objective should be to get
the undervalued assets out of the hands of the "too big to fail"
institutions and into the hands of a large number of smaller players
funded by the capital on the sidelines.

That means that in one fashion or another those "too big to fail"
institutions have to be allowed to fail, and their assets split up into
a number of smaller but healthy institutions.

Empty-headed slogans about the supposed evils of deregulation (a la
Democrats), or "corruption" or "greed" (a la McCain) aren't going to
get us
there.



I agree with much of this, except that I do believe a lot of this could
have been prevented or mitigated by regulations that were either
abandoned or ignored. And, there was certainly plenty of corruption and
greed. McCain knows all about that, having been involved up to his
eyeballs with Keating.


keating had nothig to do with the current problem caused by dem's
insisting that people that couldn't afford a loan had to be given one
anyways, just to be fair.

Capt. JG October 25th 08 09:26 PM

social security
 
"Ken Marino" wrote in message
m...
On Sat, 25 Oct 2008 10:56:48 -0700, Capt. JG wrote:

"Dave" wrote in message
...
On Fri, 24 Oct 2008 13:12:29 -0700, "Capt. JG"
said:

McCain was among those who advocated
for the failed policies of deregulation,

So long as people buy into that kind of superficial nonsense, the
problem won't be solved. There needs to be some creative thinking about
how to restructure our financial system so that there is no such thing
as a bank too big to fail.

There are a lot of mortgage backed assets out there now that are
changing hands, when they do change hands, at far less than their risk
and projected
cash flows justify. That means there are some big profit opportunities
for the right buyer.

There is also a great deal of capital sitting on the sidelines that
could be matched up with those assets. The objective should be to get
the undervalued assets out of the hands of the "too big to fail"
institutions and into the hands of a large number of smaller players
funded by the capital on the sidelines.

That means that in one fashion or another those "too big to fail"
institutions have to be allowed to fail, and their assets split up into
a number of smaller but healthy institutions.

Empty-headed slogans about the supposed evils of deregulation (a la
Democrats), or "corruption" or "greed" (a la McCain) aren't going to
get us
there.



I agree with much of this, except that I do believe a lot of this could
have been prevented or mitigated by regulations that were either
abandoned or ignored. And, there was certainly plenty of corruption and
greed. McCain knows all about that, having been involved up to his
eyeballs with Keating.


keating had nothig to do with the current problem caused by dem's
insisting that people that couldn't afford a loan had to be given one
anyways, just to be fair.



Keating have very much to do with the current problem, supported by McCain
who has apparently learned little from his humilation.


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




Capt. JG October 25th 08 09:50 PM

social security
 
"Dave" wrote in message
...
On Sat, 25 Oct 2008 10:56:48 -0700, "Capt. JG"
said:

I agree with much of this, except that I do believe a lot of this could
have
been prevented or mitigated by regulations that were either abandoned or
ignored.


Yet you've repeatedly failed to corroborate that belief with specifics,
choosing instead to fling about without amplification some ill-informed
general references repeal of a 1930s statute that no knowledgeable
observer
would suggest had any impact on the current crisis.



Squirm all you want, but the fact remains that McCain was responsible for
much of the deregulation that lead directly to the financial meltdown we're
experiencing. McCain, by his own words, supported Bush 90% of the time. Bush
was a disaster on so many levels that even if McCain was 5% complicit, he
should resign from the Presidential race and the Senate immediately.

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




Capt. JG October 26th 08 01:34 AM

social security
 
"Dave" wrote in message
...
On Sat, 25 Oct 2008 13:50:16 -0700, "Capt. JG"
said:

McCain was responsible for
much of the deregulation that lead directly to the financial meltdown
we're
experiencing.


And of course you again fail to identify any such deregulation. Where's
the
beef, Jon?



Do your own research! He claims he was anti-regulation and I take him at his
word. Don't you?

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




Capt. JG October 27th 08 01:38 AM

social security
 
"Dave" wrote in message
...
On Sat, 25 Oct 2008 18:34:47 -0700, "Capt. JG"
said:

And of course you again fail to identify any such deregulation. Where's
the
beef, Jon?



Do your own research!


No need to, Jon. I'm quite familiar with bank regulation. Deal with it
daily. That's why I asked the question--to demonstrate that you haven't a
clue about financial regulation or deregulation.



So, you're now claiming that removing legislation that's been around for
decades didn't significantly contribute to the melt-down. Talk about fantasy
land!

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




Capt. JG October 27th 08 05:04 PM

social security
 
"Dave" wrote in message
...
On Sun, 26 Oct 2008 18:38:17 -0700, "Capt. JG"
said:

No need to, Jon. I'm quite familiar with bank regulation. Deal with it
daily. That's why I asked the question--to demonstrate that you haven't
a
clue about financial regulation or deregulation.



So, you're now claiming that removing legislation that's been around for
decades didn't significantly contribute to the melt-down. Talk about
fantasy
land!


I'm not simply claiming it--it's true. I've explained elsewhere why that's
the case. And despite my repeated requests you have come forward with no
explanation whatever of any reason why the Glass-Steagall's replacement by
Gramm-Leach_Bliley's holding company provisions had any impact on the
mortgage crisis. There's a whole universe of liberal blogs out there
making
that claim, and not a one that I've seen has come up with even a
semi-credible basis for it. They simply chant "deregulation" over and over
like some magic incantation, apparently relying on the principle that if
you
repeat a lie often enough and loud enough people will eventually believe
it.



Yep, it's fantasy time for you. You need to stop listing to the
right-wingnut financiers.

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




Capt. JG October 27th 08 07:16 PM

social security
 
"Dave" wrote in message
...
On Mon, 27 Oct 2008 10:04:52 -0700, "Capt. JG"
said:

I'm not simply claiming it--it's true. I've explained elsewhere why
that's
the case. And despite my repeated requests you have come forward with no
explanation whatever of any reason why the Glass-Steagall's replacement
by
Gramm-Leach_Bliley's holding company provisions had any impact on the
mortgage crisis. There's a whole universe of liberal blogs out there
making
that claim, and not a one that I've seen has come up with even a
semi-credible basis for it. They simply chant "deregulation" over and
over
like some magic incantation, apparently relying on the principle that if
you
repeat a lie often enough and loud enough people will eventually believe
it.



Yep, it's fantasy time for you. You need to stop listing to the
right-wingnut financiers.


Hey, Jon, I'm listening for you to supply that explanation. So far all I'm
getting is deafening silence.



"Few pin all the blame for the current crisis on the repeal of
Glass-Steagall or expect its wall of separation to return. Steven Kyle,
associate professor of economics at Cornell University, says re-imposing
that wall with the "sledgehammer or meat-axe approach of the 30s" would not
be advisable, but for Congress to have "cut that wall and replaced it with
nothing was a bad idea."

"There's no question in my mind that there was inadequate regulation which
led to this mess," says Kyle. "If you look at financial history, certainly
the private market does self-regulate, but with periodic crashes, and we
don't like that."

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




Capt. JG October 27th 08 09:19 PM

social security
 
"Dave" wrote in message
...
On Mon, 27 Oct 2008 12:16:06 -0700, "Capt. JG"
said:

Hey, Jon, I'm listening for you to supply that explanation. So far all
I'm
getting is deafening silence.



"Few pin all the blame for the current crisis on the repeal of
Glass-Steagall or expect its wall of separation to return. Steven Kyle,
associate professor of economics at Cornell University, says re-imposing
that wall with the "sledgehammer or meat-axe approach of the 30s" would
not
be advisable, but for Congress to have "cut that wall and replaced it with
nothing was a bad idea."

"There's no question in my mind that there was inadequate regulation which
led to this mess," says Kyle. "If you look at financial history, certainly
the private market does self-regulate, but with periodic crashes, and we
don't like that."


Looks to me like you've just proved my point far better than I could,Jon
Even your academic "source" doesn't claim that the repeal of Glass
Steagall
had anything to do with the mortgage melt-down. His first sentence is most
enlightening, since it confirms what I've been saying all along. And like
you he simply says it's "inadequate regulation" that caused the problem,
apparently expecting people to believe him without the need to get into
messy specifics like identifying what "inadequate regulation" he has in
mind, and how the alleged inadequacy is the result of specific changes.

I'd be happy to discuss the impact of other changed regulations on the
mortgage problem if you'd just tell us what changes you have in mind. I
think your "expert" pretty much drove the last nail in the coffin of your
Glass Steagall claims.



I never claimed that Glass Steagall was the sole cause and you know it.
Lying isn't helping your cause. I claimed and I and others with greater
expertise than I claim that deregulation has significantly contributed to
the debacle. If you choose not to believe it, fine with me, but don't
distort my views toward your silly point of view.


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




[email protected] October 27th 08 10:16 PM

social security
 
On Mon, 27 Oct 2008 14:19:37 -0700, "Capt. JG"
wrote:

"Dave" wrote in message
.. .
On Mon, 27 Oct 2008 12:16:06 -0700, "Capt. JG"
said:

Hey, Jon, I'm listening for you to supply that explanation. So far all
I'm
getting is deafening silence.


"Few pin all the blame for the current crisis on the repeal of
Glass-Steagall or expect its wall of separation to return. Steven Kyle,
associate professor of economics at Cornell University, says re-imposing
that wall with the "sledgehammer or meat-axe approach of the 30s" would
not
be advisable, but for Congress to have "cut that wall and replaced it with
nothing was a bad idea."

"There's no question in my mind that there was inadequate regulation which
led to this mess," says Kyle. "If you look at financial history, certainly
the private market does self-regulate, but with periodic crashes, and we
don't like that."


Looks to me like you've just proved my point far better than I could,Jon
Even your academic "source" doesn't claim that the repeal of Glass
Steagall
had anything to do with the mortgage melt-down. His first sentence is most
enlightening, since it confirms what I've been saying all along. And like
you he simply says it's "inadequate regulation" that caused the problem,
apparently expecting people to believe him without the need to get into
messy specifics like identifying what "inadequate regulation" he has in
mind, and how the alleged inadequacy is the result of specific changes.

I'd be happy to discuss the impact of other changed regulations on the
mortgage problem if you'd just tell us what changes you have in mind. I
think your "expert" pretty much drove the last nail in the coffin of your
Glass Steagall claims.



I never claimed that Glass Steagall was the sole cause and you know it.
Lying isn't helping your cause. I claimed and I and others with greater
expertise than I claim that deregulation has significantly contributed to
the debacle. If you choose not to believe it, fine with me, but don't
distort my views toward your silly point of view.


Dave also keeps changing what he calls the "crisis". Now it's the
"Mortgage Crisis", as if the only problem with the economy right now
is due to mortgages and nothing else matters.


Capt. JG October 27th 08 10:49 PM

social security
 
"Dave" wrote in message
...
On Mon, 27 Oct 2008 14:19:37 -0700, "Capt. JG"
said:

I never claimed that Glass Steagall was the sole cause and you know it.


Nor did I say you did. However, you did say:

So, you're now claiming that removing legislation that's been around for
decades didn't significantly contribute to the melt-down. Talk about
fantasy
land!


So let me give you another shot at it. What "legislation that's been
around
for decades" were you referring to, and how did that legislation's being
in
your words "removed" contribute to the mortgage melt-down?



Asked and answered. Also, I'll repeat... do your own research!

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




Capt. JG October 28th 08 12:28 AM

social security
 
"Dave" wrote in message
...
On Mon, 27 Oct 2008 15:49:06 -0700, "Capt. JG"
said:

So let me give you another shot at it. What "legislation that's been
around
for decades" were you referring to, and how did that legislation's being
in
your words "removed" contribute to the mortgage melt-down?



Asked and answered.


Please direct me to the message in which you claim the question was
answered.

Also, I'll repeat... do your own research!


As I've previously pointed out, Jon, I have no need to research the
question. I know you're full of **** because I'm very familiar with bank
regulation.



Sorry, I don't have it in my list. Here are some suggestions for a quick
read.

http://www.aei.org/books/bookID.272,...ook_detail.asp
http://www.emeraldinsight.com/Insigh...110150207.html
http://www.timesargus.com/apps/pbcs....014/FEATURES05

Even Greenspan took some responsibility recently.

Oh, and I shouldn't have claimed you lied... mislead, fibbed, but lie was
too strong. I apologize.


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




Marty[_2_] October 28th 08 12:39 AM

social security
 
Dave wrote:
On Mon, 27 Oct 2008 15:49:06 -0700, "Capt. JG" said:

So let me give you another shot at it. What "legislation that's been
around
for decades" were you referring to, and how did that legislation's being
in
your words "removed" contribute to the mortgage melt-down?


Asked and answered.


Please direct me to the message in which you claim the question was
answered.

Also, I'll repeat... do your own research!


As I've previously pointed out, Jon, I have no need to research the
question. I know you're full of **** because I'm very familiar with bank
regulation.



As an interesting aside, recently the Canadian banking system was rated
as the soundest in the world, the primary reason given: Canadian
banks face the strictest regulations in the world..

Food for thought.

Cheers
Martin

Capt. JG October 28th 08 12:47 AM

social security
 
"Marty" wrote in message ...
Dave wrote:
On Mon, 27 Oct 2008 15:49:06 -0700, "Capt. JG"
said:

So let me give you another shot at it. What "legislation that's been
around
for decades" were you referring to, and how did that legislation's
being in
your words "removed" contribute to the mortgage melt-down?

Asked and answered.


Please direct me to the message in which you claim the question was
answered.

Also, I'll repeat... do your own research!


As I've previously pointed out, Jon, I have no need to research the
question. I know you're full of **** because I'm very familiar with bank
regulation.



As an interesting aside, recently the Canadian banking system was rated as
the soundest in the world, the primary reason given: Canadian banks face
the strictest regulations in the world..

Food for thought.

Cheers
Martin



Yeah, but you Canadians eat moose!

http://ph.answers.yahoo.com/question...3175737AAgrCZE


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




Marty[_2_] October 28th 08 12:55 AM

social security
 
Capt. JG wrote:
"Marty" wrote in message ...
Dave wrote:
On Mon, 27 Oct 2008 15:49:06 -0700, "Capt. JG"
said:

So let me give you another shot at it. What "legislation that's been
around
for decades" were you referring to, and how did that legislation's
being in
your words "removed" contribute to the mortgage melt-down?
Asked and answered.
Please direct me to the message in which you claim the question was
answered.

Also, I'll repeat... do your own research!
As I've previously pointed out, Jon, I have no need to research the
question. I know you're full of **** because I'm very familiar with bank
regulation.


As an interesting aside, recently the Canadian banking system was rated as
the soundest in the world, the primary reason given: Canadian banks face
the strictest regulations in the world..

Food for thought.

Cheers
Martin



Yeah, but you Canadians eat moose!

http://ph.answers.yahoo.com/question...3175737AAgrCZE



Indeed, some of us do.

I have experience in Foreign Affairs, I can see a foreign country from
my house, the USA!

Cheers
Martin

Capt. JG October 28th 08 02:05 AM

social security
 
"Marty" wrote in message
...
Capt. JG wrote:
"Marty" wrote in message
...
Dave wrote:
On Mon, 27 Oct 2008 15:49:06 -0700, "Capt. JG"
said:

So let me give you another shot at it. What "legislation that's been
around
for decades" were you referring to, and how did that legislation's
being in
your words "removed" contribute to the mortgage melt-down?
Asked and answered.
Please direct me to the message in which you claim the question was
answered.

Also, I'll repeat... do your own research!
As I've previously pointed out, Jon, I have no need to research the
question. I know you're full of **** because I'm very familiar with
bank
regulation.

As an interesting aside, recently the Canadian banking system was rated
as the soundest in the world, the primary reason given: Canadian banks
face the strictest regulations in the world..

Food for thought.

Cheers
Martin



Yeah, but you Canadians eat moose!

http://ph.answers.yahoo.com/question...3175737AAgrCZE



Indeed, some of us do.

I have experience in Foreign Affairs, I can see a foreign country from my
house, the USA!

Cheers
Martin



I sea... hmmmm....


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





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