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Wayne.B February 11th 09 04:34 AM

Travel Restrictions to Cuba May be Dropped
 
http://www.sun-sentinel.com/news/loc...,4639522.story

Capt. JG February 11th 09 06:00 AM

Travel Restrictions to Cuba May be Dropped
 
"Wayne.B" wrote in message
...
http://www.sun-sentinel.com/news/loc...,4639522.story



It's on my list... that would be great news.

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




KLC Lewis February 11th 09 03:11 PM

Travel Restrictions to Cuba May be Dropped
 

"Capt. JG" wrote in message
...
"Wayne.B" wrote in message
...
http://www.sun-sentinel.com/news/loc...,4639522.story



It's on my list... that would be great news.

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


Definitely a step in the right direction.



katy February 11th 09 03:20 PM

Travel Restrictions to Cuba May be Dropped
 
Wayne.B wrote:
http://www.sun-sentinel.com/news/loc...,4639522.story

Should have been lifted years ago when the Cold War supposedly
ended...Great news...

KLC Lewis February 11th 09 04:32 PM

Travel Restrictions to Cuba May be Dropped
 

"katy" wrote in message
. com...
Wayne.B wrote:
http://www.sun-sentinel.com/news/loc...,4639522.story

Should have been lifted years ago when the Cold War supposedly
ended...Great news...


Ya, the biggest communist country on the face of the Earth enjoys "Most
Favored Nation" status with the US, while a little podunk two-bit communist
country like Cuba is supposedly a "threat" to American Security. Hogwash.
Castro merely ****ed-off US corporations and Big Money by nationalizing
American businesses in Cuba and getting rid of their favorite son,
Batista -- a bonafide son-of-a-bitch if ever there has been one.



katy February 11th 09 05:08 PM

Travel Restrictions to Cuba May be Dropped
 
KLC Lewis wrote:
"katy" wrote in message
. com...
Wayne.B wrote:
http://www.sun-sentinel.com/news/loc...,4639522.story

Should have been lifted years ago when the Cold War supposedly
ended...Great news...


Ya, the biggest communist country on the face of the Earth enjoys "Most
Favored Nation" status with the US, while a little podunk two-bit communist
country like Cuba is supposedly a "threat" to American Security. Hogwash.
Castro merely ****ed-off US corporations and Big Money by nationalizing
American businesses in Cuba and getting rid of their favorite son,
Batista -- a bonafide son-of-a-bitch if ever there has been one.


Maybe we should take a lesson and nationalize all the foreign interests
in hte USA....

KLC Lewis February 11th 09 05:12 PM

Travel Restrictions to Cuba May be Dropped
 

"katy" wrote in message
. com...
KLC Lewis wrote:
"katy" wrote in message
. com...
Wayne.B wrote:
http://www.sun-sentinel.com/news/loc...,4639522.story
Should have been lifted years ago when the Cold War supposedly
ended...Great news...


Ya, the biggest communist country on the face of the Earth enjoys "Most
Favored Nation" status with the US, while a little podunk two-bit
communist country like Cuba is supposedly a "threat" to American
Security. Hogwash. Castro merely ****ed-off US corporations and Big Money
by nationalizing American businesses in Cuba and getting rid of their
favorite son, Batista -- a bonafide son-of-a-bitch if ever there has been
one.

Maybe we should take a lesson and nationalize all the foreign interests in
hte USA....


Ya, now there's an idea. :-)



Capt. JG February 11th 09 05:45 PM

Travel Restrictions to Cuba May be Dropped
 
"Dave" wrote in message
...
On Wed, 11 Feb 2009 11:12:50 -0600, "KLC Lewis"
said:

Maybe we should take a lesson and nationalize all the foreign interests
in
hte USA....


Ya, now there's an idea. :-)


If Nancy and Harry get their way, foreign interests will be the least of
the
batches of businesses to be taken over and run by the geniuses in guvmint.



Based on what? One sentence in the CBO report? Still waiting for you to give
us suggestions about how to get out of the financial mess caused by Bushco.
So far, all I've heard from you is how terrible the liberals are doing or
will do.

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




katy February 11th 09 06:16 PM

Travel Restrictions to Cuba May be Dropped
 
Capt. JG wrote:
"Dave" wrote in message
...
On Wed, 11 Feb 2009 11:12:50 -0600, "KLC Lewis"
said:

Maybe we should take a lesson and nationalize all the foreign interests
in
hte USA....
Ya, now there's an idea. :-)

If Nancy and Harry get their way, foreign interests will be the least of
the
batches of businesses to be taken over and run by the geniuses in guvmint.



Based on what? One sentence in the CBO report? Still waiting for you to give
us suggestions about how to get out of the financial mess caused by Bushco.
So far, all I've heard from you is how terrible the liberals are doing or
will do.


One thing they should do is stop trying to free up more credit...people
cannot borrow when they have no money to repay..that's what got us into
this in the first place..people borrowing what they never could or
intended to repay...extending more credit is certainly no answer...

cavelamb February 11th 09 06:21 PM

Travel Restrictions to Cuba May be Dropped
 
katy wrote:
Capt. JG wrote:
"Dave" wrote in message
...
On Wed, 11 Feb 2009 11:12:50 -0600, "KLC Lewis"
said:

Maybe we should take a lesson and nationalize all the foreign
interests in
hte USA....
Ya, now there's an idea. :-)
If Nancy and Harry get their way, foreign interests will be the least
of the
batches of businesses to be taken over and run by the geniuses in
guvmint.



Based on what? One sentence in the CBO report? Still waiting for you
to give us suggestions about how to get out of the financial mess
caused by Bushco. So far, all I've heard from you is how terrible the
liberals are doing or will do.


One thing they should do is stop trying to free up more credit...people
cannot borrow when they have no money to repay..that's what got us into
this in the first place..people borrowing what they never could or
intended to repay...extending more credit is certainly no answer...



I certainly agree with you on this one, katy,

But "when your only tool is a hammer, all problems look like nails"
seems to apply in spades...


Richard

Capt. JG February 11th 09 06:30 PM

Travel Restrictions to Cuba May be Dropped
 
"katy" wrote in message
. com...
Capt. JG wrote:
"Dave" wrote in message
...
On Wed, 11 Feb 2009 11:12:50 -0600, "KLC Lewis"
said:

Maybe we should take a lesson and nationalize all the foreign
interests in
hte USA....
Ya, now there's an idea. :-)
If Nancy and Harry get their way, foreign interests will be the least of
the
batches of businesses to be taken over and run by the geniuses in
guvmint.



Based on what? One sentence in the CBO report? Still waiting for you to
give us suggestions about how to get out of the financial mess caused by
Bushco. So far, all I've heard from you is how terrible the liberals are
doing or will do.


One thing they should do is stop trying to free up more credit...people
cannot borrow when they have no money to repay..that's what got us into
this in the first place..people borrowing what they never could or
intended to repay...extending more credit is certainly no answer...



No one wants people borrowing money they can't repay, and it was certainly
part (but not all) of the problem. Another part of the problem was bundling
these unstable loans and reselling them over and over. That magnified the
problem. There was little or no regulation, and despite Dave's assertions to
the contrary, a big part of that problem was lack of regulation and/or lack
of enforcement (e.g., Madoff is a great example of the latter).

I think you believe that the relm of "freeing up credit" is reserved for
individual consumers, especially those who don't have money. This is not the
case. It's a much bigger problem for those who have decent credit and want
to buy a car, say from GM or from the RV company in the town Obama visited
recently, and it's even a bigger problem for small businesses who can't get
the credit they need to run their business.

Banks don't want to make loans... to anyone. This is a huge part of the
problem.

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




KLC Lewis February 11th 09 06:45 PM

Travel Restrictions to Cuba May be Dropped
 

"Capt. JG" wrote in message
easolutions...

No one wants people borrowing money they can't repay, and it was certainly
part (but not all) of the problem. Another part of the problem was
bundling these unstable loans and reselling them over and over. That
magnified the problem. There was little or no regulation, and despite
Dave's assertions to the contrary, a big part of that problem was lack of
regulation and/or lack of enforcement (e.g., Madoff is a great example of
the latter).

I think you believe that the relm of "freeing up credit" is reserved for
individual consumers, especially those who don't have money. This is not
the case. It's a much bigger problem for those who have decent credit and
want to buy a car, say from GM or from the RV company in the town Obama
visited recently, and it's even a bigger problem for small businesses who
can't get the credit they need to run their business.

Banks don't want to make loans... to anyone. This is a huge part of the
problem.

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


We used to have an "export based" economy, with high tariffs for imports. We
actually created things of value which we bought ourselves and/or exported
to other countries, and imported mostly luxury items that we could easily do
without. We then moved to an "import based" economy with low tariffs (if
any) for imports, little domestic production of "consumer" (god, how I hate
that term) products, and little to export except for raw materials. Finally,
we moved to a "debt based" economy with nothing of value to export except
our trash, in which we all decided we could get rich selling each other
stocks, oil futures contracts and houses. When the stocks tanked, and the
houses weren't selling, we decided to sell insurance-that-really-wasn't
called "Credit Default Swaps," totally unregulated of course, in which a
mortgage worth $200,000 could be sliced-up into chunks and resold in
packages at 30 times its actual value, but with less than the actual
mortgage value backing it up Meanwhile, the folks buying and selling oil
futures contracts drove the price of gasoline up to $4.50 a gallon or so,
even while supply was increasing and demand was decreasing. As with all such
ponzi schemes, this too came crashing down.

And people wonder what the blazes is wrong with our economy.

"Let's borrow our way to prosperity!"



Gregory Hall February 11th 09 07:08 PM

Travel Restrictions to Cuba May be Dropped
 

"Capt. JG" wrote in message
...
It's on my list... that would be great news.

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



The ban on gays would remain in place. Bummer for you.

--
Gregory Hall



Capt. JG February 11th 09 08:41 PM

Travel Restrictions to Cuba May be Dropped
 
"Dave" wrote in message
...
On Wed, 11 Feb 2009 10:30:00 -0800, "Capt. JG"
said:


Banks don't want to make loans... to anyone. This is a huge part of the
problem.


I deal with banks and banking regulators all day long, Jon. That's simply
untrue.

A major problem is fear on the part of both the regulators and the
regulated. The banking regulators are deathly afraid that if they let
banks
make too many loans in relation to their capital base, and the banks later
go south, the regulators will be criticized. So they pressure banks to
write
down the value of their existing loans. That hits the bank's regulatory
capital, reducing the amount of new money the banks can legally lend.

The bankers are afraid the regulators are going to require them to write
down their existing loans further. If that happens, and the banks have
been
lending more money, they will be out of compliance with regulatory capital
requirements, subjecting the banks to regulatory orders, limits on their
activities, and perhaps even monetary penalties on the directors and
management. So the bankers reduce the amount of loans they are making to
create a cushion in case the regulators go crazy.

The underlying problem is that nobody really knows what the value of
existing outstanding loans really is.



So, as you said, "bankers reduce the amount of loans they are making...."
And, as I said, they don't want to make loans.

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




Gordon February 11th 09 09:00 PM

Travel Restrictions to Cuba May be Dropped
 
Dave wrote:
On Wed, 11 Feb 2009 09:45:57 -0800, "Capt. JG" said:

financial mess caused by Bushco


You just keep chanting that mantra, Jon. It'll make you feel better when the
rest of the folks catch on to what actually happened.


Actually, there is plenty of blame to spread all around on all sides
of the political spectrum.
I'd love to see a national push to "dump the incumbent" campaign. Our
political system was never intended as a lifelong money teat for a few
individuals and look where it's gotten us!
G

Capt. JG February 11th 09 10:21 PM

Travel Restrictions to Cuba May be Dropped
 
"Dave" wrote in message
...
On Wed, 11 Feb 2009 09:45:57 -0800, "Capt. JG"
said:

financial mess caused by Bushco


You just keep chanting that mantra, Jon. It'll make you feel better when
the
rest of the folks catch on to what actually happened.



You just keep denying reality. Which "rest of folks"? The unemployed ones?

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




Capt. JG February 11th 09 10:22 PM

Travel Restrictions to Cuba May be Dropped
 
"Gordon" wrote in message
m...
Dave wrote:
On Wed, 11 Feb 2009 09:45:57 -0800, "Capt. JG"
said:

financial mess caused by Bushco


You just keep chanting that mantra, Jon. It'll make you feel better when
the
rest of the folks catch on to what actually happened.


Actually, there is plenty of blame to spread all around on all sides of
the political spectrum.
I'd love to see a national push to "dump the incumbent" campaign. Our
political system was never intended as a lifelong money teat for a few
individuals and look where it's gotten us!
G



Agreed... there's plenty of blame to go around. Dave is unwilling to blame
Bush for any of it. Butter wouldn't melt in Bush's mouth.

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




Edgar February 11th 09 10:35 PM

Travel Restrictions to Cuba May be Dropped
 

"Capt. JG" wrote in message
easolutions..

snipped.
I think you believe that the relm of "freeing up credit" is reserved for
individual consumers, especially those who don't have money. This is not
the case. It's a much bigger problem for those who have decent credit and
want to buy a car, say from GM or from the RV company in the town Obama
visited recently, and it's even a bigger problem for small businesses who
can't get the credit they need to run their business.

Banks don't want to make loans... to anyone. This is a huge part of the
problem.


I think that the automobile industry is a special case.
Most people need a loan to buy a new car and most people also have a
perfectly serviceable older car which they can go on running without further
borrowing until things settle down a bit and they are reasonably sure that
next year they will still have a job.
So my guess is that even if the banks loosen up on loans the car industry
is in for a thin time and this applies to all car manufacturing countries
not just USA..



Capt. JG February 12th 09 12:26 AM

Travel Restrictions to Cuba May be Dropped
 
"Edgar" wrote in message
...

"Capt. JG" wrote in message
easolutions..

snipped.
I think you believe that the relm of "freeing up credit" is reserved for
individual consumers, especially those who don't have money. This is not
the case. It's a much bigger problem for those who have decent credit and
want to buy a car, say from GM or from the RV company in the town Obama
visited recently, and it's even a bigger problem for small businesses who
can't get the credit they need to run their business.

Banks don't want to make loans... to anyone. This is a huge part of the
problem.


I think that the automobile industry is a special case.
Most people need a loan to buy a new car and most people also have a
perfectly serviceable older car which they can go on running without
further borrowing until things settle down a bit and they are reasonably
sure that next year they will still have a job.
So my guess is that even if the banks loosen up on loans the car industry
is in for a thin time and this applies to all car manufacturing countries
not just USA..



And, would anyone really want to buy a car from a company that might just go
out of business....

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




Capt. JG February 12th 09 12:26 AM

Travel Restrictions to Cuba May be Dropped
 
"Dave" wrote in message
...
On Wed, 11 Feb 2009 14:21:23 -0800, "Capt. JG"
said:

Dave" wrote in message
. ..
On Wed, 11 Feb 2009 09:45:57 -0800, "Capt. JG"
said:

financial mess caused by Bushco

You just keep chanting that mantra, Jon. It'll make you feel better when
the
rest of the folks catch on to what actually happened.



You just keep denying reality. Which "rest of folks"?


I have every confidence you'll be the last to catch on.



I would be after you on that...

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




Marty[_2_] February 12th 09 01:33 AM

Travel Restrictions to Cuba May be Dropped
 
Dave wrote:
On Wed, 11 Feb 2009 11:12:50 -0600, "KLC Lewis" said:

Maybe we should take a lesson and nationalize all the foreign interests in
hte USA....

Ya, now there's an idea. :-)


If Nancy and Harry get their way, foreign interests will be the least of the
batches of businesses to be taken over and run by the geniuses in guvmint.


Hasn't this already started with domestic interests? You know, AIG a
couple of banks, some motor car companies....?

Cheers
Martin

Capt. JG February 12th 09 01:46 AM

Travel Restrictions to Cuba May be Dropped
 
"Dave" wrote in message
...
On Wed, 11 Feb 2009 16:26:42 -0800, "Capt. JG"
said:

Dave" wrote in message
m...
On Wed, 11 Feb 2009 09:45:57 -0800, "Capt. JG"
said:

financial mess caused by Bushco

You just keep chanting that mantra, Jon. It'll make you feel better
when
the
rest of the folks catch on to what actually happened.


You just keep denying reality. Which "rest of folks"?

I have every confidence you'll be the last to catch on.



I would be after you on that...


That's implicit in your being the last, is it not?



I would defintely be the last to understand obstructionism such as yours.


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




Marty[_2_] February 12th 09 01:46 AM

Travel Restrictions to Cuba May be Dropped
 
Dave wrote:
On Wed, 11 Feb 2009 21:00:49 +0000, Gordon said:

I'd love to see a national push to "dump the incumbent" campaign.


Chuck Schumer and Barney Frank ought to be first in line to walk the plank.


What about the 10 years or so that the Republicans controlled both
houses? They controlled the Committees, the Bills, the agenda,,, not
Chuck and Barney....

Cheers
Martin

Capt. JG February 12th 09 01:47 AM

Travel Restrictions to Cuba May be Dropped
 
"Marty" wrote in message
...
Dave wrote:
On Wed, 11 Feb 2009 11:12:50 -0600, "KLC Lewis"
said:

Maybe we should take a lesson and nationalize all the foreign interests
in hte USA....
Ya, now there's an idea. :-)


If Nancy and Harry get their way, foreign interests will be the least of
the
batches of businesses to be taken over and run by the geniuses in
guvmint.


Hasn't this already started with domestic interests? You know, AIG a
couple of banks, some motor car companies....?

Cheers
Martin



Unfortunately (for Republicans) Obama has ruled out nationalizing the banks.

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




Marty[_2_] February 12th 09 01:54 AM

Travel Restrictions to Cuba May be Dropped
 
Capt. JG wrote:
"Marty" wrote in message
...
Dave wrote:
On Wed, 11 Feb 2009 11:12:50 -0600, "KLC Lewis"
said:

Maybe we should take a lesson and nationalize all the foreign interests
in hte USA....
Ya, now there's an idea. :-)
If Nancy and Harry get their way, foreign interests will be the least of
the
batches of businesses to be taken over and run by the geniuses in
guvmint.

Hasn't this already started with domestic interests? You know, AIG a
couple of banks, some motor car companies....?

Cheers
Martin



Unfortunately (for Republicans) Obama has ruled out nationalizing the banks.


You trade loans for shares, or any form of security, you own a piece. If
you are Government, then it looks like socialism. Walks like duck, .....

Cheers
Martin

KLC Lewis February 12th 09 02:51 AM

Travel Restrictions to Cuba May be Dropped
 

"Marty" wrote in message
...
Dave wrote:
On Wed, 11 Feb 2009 11:12:50 -0600, "KLC Lewis"
said:

Maybe we should take a lesson and nationalize all the foreign interests
in hte USA....
Ya, now there's an idea. :-)


If Nancy and Harry get their way, foreign interests will be the least of
the
batches of businesses to be taken over and run by the geniuses in
guvmint.


Hasn't this already started with domestic interests? You know, AIG a
couple of banks, some motor car companies....?

Cheers
Martin


Only their debt was nationalized. Their profits are still in the hands in
our pockets.



katy February 12th 09 03:56 AM

Travel Restrictions to Cuba May be Dropped
 
Capt. JG wrote:


I think you believe that the relm of "freeing up credit" is reserved for
individual consumers, especially those who don't have money. This is not the
case. It's a much bigger problem for those who have decent credit and want
to buy a car, say from GM or from the RV company in the town Obama visited
recently, and it's even a bigger problem for small businesses who can't get
the credit they need to run their business.

Banks don't want to make loans... to anyone. This is a huge part of the
problem.

Odd...in my exoerienbce, if you have a decent credit rating there us noo
problem whatsoever finding someone to extend you credit at a decnet
rate...we have multitudinous junk mail offering us low interest loans
all the time and wanting us ti take out a mortgage on our house to
enable us to do whatever...and we are by no means well off...credit,
IMO, has been too easy to obtain...I cannot believe the amounts that are
allowed per income on mortgagges..the rule of thimb when we were young
and starting out was that yout mortgage payment should be no larger than
one weeks pay or 2X your total income minus exoenses...yet many out
there with 35K incomes have 200K mortgages..and it is no wonder they
can;t foot the bills and are living hand to mouth..we had to rent befoe
we coukd afford a house and we had to have an adequate downoayment and
the c losing costs to proceed..these things are oftentimes waived
nowadays...people want too much too fast and they are not willing to
wait...and that's greed...and greed always gets you in the end...

Marty[_2_] February 12th 09 04:08 AM

Travel Restrictions to Cuba May be Dropped
 
KLC Lewis wrote:
"Marty" wrote in message
...
Dave wrote:
On Wed, 11 Feb 2009 11:12:50 -0600, "KLC Lewis"
said:

Maybe we should take a lesson and nationalize all the foreign interests
in hte USA....
Ya, now there's an idea. :-)
If Nancy and Harry get their way, foreign interests will be the least of
the
batches of businesses to be taken over and run by the geniuses in
guvmint.

Hasn't this already started with domestic interests? You know, AIG a
couple of banks, some motor car companies....?

Cheers
Martin


Only their debt was nationalized. Their profits are still in the hands in
our pockets.


I don't think so, they are loans, with interest, which means you, the
taxpayer gets some of the profit. You now own, through your government
80% of AIG,,, the Government is now beginning to dictate to banks, loan
companies and vehicle manufactures terms of operation,,,, yup, they are
in effect nationalized.

Cheers
Martin

Capt. JG February 12th 09 05:27 AM

Travel Restrictions to Cuba May be Dropped
 
"katy" wrote in message
. com...
Capt. JG wrote:


I think you believe that the relm of "freeing up credit" is reserved for
individual consumers, especially those who don't have money. This is not
the case. It's a much bigger problem for those who have decent credit and
want to buy a car, say from GM or from the RV company in the town Obama
visited recently, and it's even a bigger problem for small businesses who
can't get the credit they need to run their business.

Banks don't want to make loans... to anyone. This is a huge part of the
problem.

Odd...in my exoerienbce, if you have a decent credit rating there us noo
problem whatsoever finding someone to extend you credit at a decnet
rate...we have multitudinous junk mail offering us low interest loans all
the time and wanting us ti take out a mortgage on our house to enable us
to do whatever...and we are by no means well off...credit, IMO, has been
too easy to obtain...I cannot believe the amounts that are allowed per
income on mortgagges..the rule of thimb when we were young and starting
out was that yout mortgage payment should be no larger than one weeks pay
or 2X your total income minus exoenses...yet many out there with 35K
incomes have 200K mortgages..and it is no wonder they can;t foot the bills
and are living hand to mouth..we had to rent befoe we coukd afford a house
and we had to have an adequate downoayment and the c losing costs to
proceed..these things are oftentimes waived nowadays...people want too
much too fast and they are not willing to wait...and that's greed...and
greed always gets you in the end...



I think that these days "decent" is the minimum, as it should be of course.
Part of the problem was greed on the part of the lenders. Sure, there are,
will, and will be regular folks who want more than they can afford, but
there are also those out there who take advantage of people less
sophisticated than you and I... predatory lenders. As many have said,
there's lots of blame to go around. And, I should add that as far as getting
credit goes, it's a much bigger problem for the small and not so small
businesses. That's gotta change or there'll be even more unemployment, which
in combination has a downward spiral effect.


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




Capt. JG February 12th 09 05:29 AM

Travel Restrictions to Cuba May be Dropped
 
"Marty" wrote in message
...
Capt. JG wrote:
"Marty" wrote in message
...
Dave wrote:
On Wed, 11 Feb 2009 11:12:50 -0600, "KLC Lewis"
said:

Maybe we should take a lesson and nationalize all the foreign
interests in hte USA....
Ya, now there's an idea. :-)
If Nancy and Harry get their way, foreign interests will be the least
of the
batches of businesses to be taken over and run by the geniuses in
guvmint.
Hasn't this already started with domestic interests? You know, AIG a
couple of banks, some motor car companies....?

Cheers
Martin



Unfortunately (for Republicans) Obama has ruled out nationalizing the
banks.


You trade loans for shares, or any form of security, you own a piece. If
you are Government, then it looks like socialism. Walks like duck, .....

Cheers
Martin



Some believe that we have always been a socialistic society. I don't
disagree with that. It's a matter of degree and the complications involved
in nationalizing the banking system in the US would be staggering. err..
quack...

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




KLC Lewis February 12th 09 04:16 PM

Travel Restrictions to Cuba May be Dropped
 

"Dave" wrote in message
...
On Wed, 11 Feb 2009 20:51:23 -0600, "KLC Lewis"
said:

Hasn't this already started with domestic interests? You know, AIG a
couple of banks, some motor car companies....?

Cheers
Martin


Only their debt was nationalized.


Wrong!


Well you must be right because you say I'm wrong. Oh, wait a minute...

Wrong!

Gee, what a great argument that was. Thanks for teaching it to me.



Martin Baxter February 12th 09 05:19 PM

Travel Restrictions to Cuba May be Dropped
 
Dave wrote:
On Wed, 11 Feb 2009 23:08:15 -0500, Marty said:

I don't think so, they are loans, with interest, which means you, the
taxpayer gets some of the profit. You now own, through your government
80% of AIG,,, the Government is now beginning to dictate to banks, loan
companies and vehicle manufactures terms of operation,,,, yup, they are
in effect nationalized.


You also have to consider the equity piece the guvmint is taking, including
the convertible preferred stock and warrants. The real issue is not the loan
provisions, but what the guvmint will do with the equity. If they were to
spin it out to taxpayers pro rata it would be one thing. If there were to
hold onto it longer term it would be different.


Now I know the proverbial excrement has truly hit the fan, that's twice
in less than than seven days that Dave and I agree on something.... gn

Cheers
Martin

Capt. JG February 12th 09 06:16 PM

Travel Restrictions to Cuba May be Dropped
 
"Dave" wrote in message
...
On Wed, 11 Feb 2009 16:25:21 -0800, "Capt. JG"
said:

So, still waiting for something besides bs... still waiting for a
solution.


Neither I nor anyone else has a workable comprehensive solution. I do have
some ideas for dealing with the part I'm familiar with--the toxic bank
assets.

I think what's needed in that regard is some creative use of Congress's
power to prescribe bankruptcy laws, thinking a bit outside the box. The
proposals to have bankruptcy judges rewrite individual mortgages is just
plain silly. But the bankruptcy laws could be used to trump some of the
Constitutional limits on rewriting the contracts of institutions and
others
holding structured investment vehicles. The process would involve what
might
be called "destructured finance"--using the bankruptcy laws to unwind the
structured finance vehicles that the investment bankers and lawyers built
on
the basis of a faulty economic model, and getting rid of the various
"tranches" of each trust so as to eliminate the conflicts inherent in the
way those vehicles are set up. Then bring in the workout specialist to
restructure the underlying mortgages without the conflict between former
holders of the various tranches. The result should be to bring some
certainty to the value of these vehicles and their underlying mortgages.



Interesting suggestion. If you're not too proud, you should send it to them.
You never know. You could end up on National TV next to Joe-the-non-Plumber.

Seriously though, you should send it along.

Given that no one has a comprehensive solution, then it seems to me that
trying things that might work, piecemeal if necessary is the only rational
approach vs. doing nothing. I believe that's what's going to happen.

Why would rewriting mortgages to something a bit more same be silly? In some
cases it wouldn't make sense, in others it might.

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




Marty[_2_] February 12th 09 11:17 PM

Travel Restrictions to Cuba May be Dropped
 
Dave wrote:
On Thu, 12 Feb 2009 12:19:10 -0500, Martin Baxter said:

Now I know the proverbial excrement has truly hit the fan, that's twice
in less than than seven days that Dave and I agree on something.... gn


You must be learning g.



Hmmm, could be, or the ginko biloba you've been taking is starting to
work. g

Cheers
Martin

Capt. JG February 12th 09 11:48 PM

Travel Restrictions to Cuba May be Dropped
 
"Dave" wrote in message
...
On Thu, 12 Feb 2009 10:16:34 -0800, "Capt. JG"
said:

Interesting suggestion. If you're not too proud, you should send it to
them.
You never know. You could end up on National TV next to
Joe-the-non-Plumber.


Not enough political appeal in my suggestions I fear.

One of the other things that needs to be done is to jettison some of the
career regulators who seem to think their job is to go out and do all
manner
of good deeds for "consumers" instead of focusing on the financial health
of
the institutions they're supposed to be regulating. Sheila Bair and Julie
Williams come immediately to mind.



Not familar with these people... sure... financial health is important, but
it's not mutually exclusive with doing what's right for consumers.

I better stop. We're getting close to consensus. lol

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




Capt. JG February 13th 09 01:36 AM

Travel Restrictions to Cuba May be Dropped
 
"Dave" wrote in message
...
On Thu, 12 Feb 2009 15:48:22 -0800, "Capt. JG"
said:

One of the other things that needs to be done is to jettison some of the
career regulators who seem to think their job is to go out and do all
manner
of good deeds for "consumers" instead of focusing on the financial
health
of
the institutions they're supposed to be regulating. Sheila Bair and
Julie
Williams come immediately to mind.



Not familar with these people.


Sheila Bair engineered the intended takeover of Wachovia by Citibank for
peanuts plus government assistance. A week later, before contracts could
be
prepared, BOA came in and offered far more without government assistance,
and bought the bank.

Julie Williams is General Counsel, and from time to time acting head, of
the
Office of the Comptroller of the Currency, the agency that regulates
nationally chartered banks. She has for several years been pushing the
idea
that the OCC's job is to cut off telemarketers, online pharmacies and
companies that sell tobacco products over the internet from access to the
banking system, and generally to do good deeds for consumers. She would be
better advised to have her examiners focusing on their banks' assets.



Interesting...

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




[email protected] February 13th 09 11:29 AM

Travel Restrictions to Cuba May be Dropped
 
On Thu, 12 Feb 2009 17:36:26 -0800, "Capt. JG"
wrote:

"Dave" wrote in message
.. .
On Thu, 12 Feb 2009 15:48:22 -0800, "Capt. JG"
said:

One of the other things that needs to be done is to jettison some of the
career regulators who seem to think their job is to go out and do all
manner
of good deeds for "consumers" instead of focusing on the financial
health
of
the institutions they're supposed to be regulating. Sheila Bair and
Julie
Williams come immediately to mind.


Not familar with these people.


Sheila Bair engineered the intended takeover of Wachovia by Citibank for
peanuts plus government assistance. A week later, before contracts could
be
prepared, BOA came in and offered far more without government assistance,
and bought the bank.

Julie Williams is General Counsel, and from time to time acting head, of
the
Office of the Comptroller of the Currency, the agency that regulates
nationally chartered banks. She has for several years been pushing the
idea
that the OCC's job is to cut off telemarketers, online pharmacies and
companies that sell tobacco products over the internet from access to the
banking system, and generally to do good deeds for consumers. She would be
better advised to have her examiners focusing on their banks' assets.



Interesting...


You are too easily lead - or mislead.


Capt. JG February 13th 09 06:02 PM

Travel Restrictions to Cuba May be Dropped
 
wrote in message
...
On Thu, 12 Feb 2009 17:36:26 -0800, "Capt. JG"
wrote:

"Dave" wrote in message
. ..
On Thu, 12 Feb 2009 15:48:22 -0800, "Capt. JG"
said:

One of the other things that needs to be done is to jettison some of
the
career regulators who seem to think their job is to go out and do all
manner
of good deeds for "consumers" instead of focusing on the financial
health
of
the institutions they're supposed to be regulating. Sheila Bair and
Julie
Williams come immediately to mind.


Not familar with these people.

Sheila Bair engineered the intended takeover of Wachovia by Citibank for
peanuts plus government assistance. A week later, before contracts could
be
prepared, BOA came in and offered far more without government
assistance,
and bought the bank.

Julie Williams is General Counsel, and from time to time acting head, of
the
Office of the Comptroller of the Currency, the agency that regulates
nationally chartered banks. She has for several years been pushing the
idea
that the OCC's job is to cut off telemarketers, online pharmacies and
companies that sell tobacco products over the internet from access to
the
banking system, and generally to do good deeds for consumers. She would
be
better advised to have her examiners focusing on their banks' assets.



Interesting...


You are too easily lead - or mislead.



Why do you say that? If I had time, I'd look them up. It's easy to do, I
just don't care that much. I'm assuming there's some truth in Dave's post. I
tend to filter out the obvious right-leaning stuff.


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




Capt. JG February 13th 09 06:03 PM

Travel Restrictions to Cuba May be Dropped
 
wrote in message
...
On 13 Feb 2009 10:34:01 -0600, Dave wrote:

On Fri, 13 Feb 2009 11:09:37 -0500, said:

On 13 Feb 2009 09:43:01 -0600, Dave wrote:

On Fri, 13 Feb 2009 06:29:58 -0500,
said:

You are too easily lead - or mislead.

I eagerly await your defense of Ms. Bair and Ms. Williams.

I hope you are holding your breath!


So you're not prepared to defend them? Never would have guessed it from
your
earlier post.


I'd rather have you hold your breath. It would mean so much more to so
many people.



He's already a bit red (umm.. not commie red....)! No need to go further...

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




Capt. JG February 13th 09 06:44 PM

Travel Restrictions to Cuba May be Dropped
 
wrote in message
...
On Fri, 13 Feb 2009 10:02:22 -0800, "Capt. JG"
wrote:

wrote in message
. ..
On Thu, 12 Feb 2009 17:36:26 -0800, "Capt. JG"
wrote:

"Dave" wrote in message
m...
On Thu, 12 Feb 2009 15:48:22 -0800, "Capt. JG"
said:

One of the other things that needs to be done is to jettison some of
the
career regulators who seem to think their job is to go out and do
all
manner
of good deeds for "consumers" instead of focusing on the financial
health
of
the institutions they're supposed to be regulating. Sheila Bair and
Julie
Williams come immediately to mind.


Not familar with these people.

Sheila Bair engineered the intended takeover of Wachovia by Citibank
for
peanuts plus government assistance. A week later, before contracts
could
be
prepared, BOA came in and offered far more without government
assistance,
and bought the bank.

Julie Williams is General Counsel, and from time to time acting head,
of
the
Office of the Comptroller of the Currency, the agency that regulates
nationally chartered banks. She has for several years been pushing the
idea
that the OCC's job is to cut off telemarketers, online pharmacies and
companies that sell tobacco products over the internet from access to
the
banking system, and generally to do good deeds for consumers. She
would
be
better advised to have her examiners focusing on their banks' assets.


Interesting...

You are too easily lead - or mislead.



Why do you say that? If I had time, I'd look them up. It's easy to do, I
just don't care that much. I'm assuming there's some truth in Dave's post.
I
tend to filter out the obvious right-leaning stuff.



Good Lord!



I would be Good Jonathan.. You would be Good Salty.. Dave would be Good
Dave.. Lloyd Bridges would be Good Lloyd. lol


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





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