the right wing is going to bat for wall street! who coulda guessed?

http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

The industry has been damaged further by a series of embarrassing
developments, including the recent fraud charges levied against
Goldman Sachs by the Securities and Exchange Commission. Democrats
also criticized Republican leaders for holding a private meeting with
two dozen Wall Street leaders just before the GOP lawmakers threatened
to block Dodd's bill.

Although Obama and other Democrats held the edge on Wall Street
fundraising during the 2008 election cycle, the political action
committees for major banks and financial services companies have
dramatically shifted their giving toward Republicans in recent months,
data show. Goldman's PAC, for example, gave almost $300,000 to
candidates and parties in March, nearly two-thirds of which went to
the GOP.

On 24/04/2010 5:37 PM, bpuharic wrote:
the right wing is going to bat for wall street! who coulda guessed?

http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

The industry has been damaged further by a series of embarrassing
developments, including the recent fraud charges levied against
Goldman Sachs by the Securities and Exchange Commission. Democrats
also criticized Republican leaders for holding a private meeting with
two dozen Wall Street leaders just before the GOP lawmakers threatened
to block Dodd's bill.

Although Obama and other Democrats held the edge on Wall Street
fundraising during the 2008 election cycle, the political action
committees for major banks and financial services companies have
dramatically shifted their giving toward Republicans in recent months,
data show. Goldman's PAC, for example, gave almost $300,000 to
candidates and parties in March, nearly two-thirds of which went to
the GOP.

Maybe the financial markets should move offshore?


--
Socialism and statism are great as long as someone else pays for it.

On Sun, 25 Apr 2010 12:16:59 -0400, wrote:



That will probably happen with the derivatives market.
BTW did you see Larry Summers on CBS this morning saying he was just a
college professor and why would anyone blame him for what went on?

Hmm, maybe because you are presidential economic ADVISOR for Obama and
SoT for Clinton? Maybe because you were leading the cheer for
everything Gramm was doing in the late 90s? Even his brief tenure at
Harvard was marked by his association with a swindler.

'wall street' and 'swindler' is a redundancy

On 4/25/10 2:45 PM, wrote:
On Sun, 25 Apr 2010 13:26:42 -0400, wrote:

'wall street' and 'swindler' is a redundancy

It really makes me wonder why you allocated your 401k into equities if
you feel this way.

So much of this economic upturn you keep touting is really just a rise
on Wall Street that it makes me wonder if you understand the economy
at all. I agree that here is certainly a casino aspect to Wall Street
but if you play the game and lose you can't immediately assume the
game must be crooked. For every loser there is a winner. In this case
it was the people who shorted the housing market. The liberal hero
George Soros made a ****load of money in this crash and took an
inordinate amount of TARP money from his AIG positions.

Your post assumes a modicum of honesty on the part of those who control
Wall Street. Ha! The game is crooked.

--
The Tea Party's teabaggers are just the Republican base by another name.

On 4/25/10 8:18 PM, wrote:
On Sun, 25 Apr 2010 14:47:49 -0400,
wrote:

I agree that here is certainly a casino aspect to Wall Street
but if you play the game and lose you can't immediately assume the
game must be crooked. For every loser there is a winner. In this case
it was the people who shorted the housing market. The liberal hero
George Soros made a ****load of money in this crash and took an
inordinate amount of TARP money from his AIG positions.

Your post assumes a modicum of honesty on the part of those who control
Wall Street. Ha! The game is crooked.

It all depends on what you mean by "honest".
If you are saying honest means your books are in order and the
transactions are somewhat transparent then they are mostly honest.
There are plenty of swarmy things going on that are legal and
"honest". That doesn't necessarily mean they are moral or ethical.



I don't trust the books, the outside bookkeepers, the brokerage houses,
or the bankers. In the good old days, you could trust the outside
certified auditors to reasonably and fairly present the books of a large
corporation. These days, there's not much difference between the crooks
who rob you with a six gun and the ones who rob you with a fountain
pen/computer keyboard.


--
The Tea Party's teabaggers are just the Republican base by another name.

In article ,
says...

On 4/25/10 8:18 PM, wrote:
On Sun, 25 Apr 2010 14:47:49 -0400,
wrote:

I agree that here is certainly a casino aspect to Wall Street
but if you play the game and lose you can't immediately assume the
game must be crooked. For every loser there is a winner. In this case
it was the people who shorted the housing market. The liberal hero
George Soros made a ****load of money in this crash and took an
inordinate amount of TARP money from his AIG positions.

Your post assumes a modicum of honesty on the part of those who control
Wall Street. Ha! The game is crooked.

It all depends on what you mean by "honest".
If you are saying honest means your books are in order and the
transactions are somewhat transparent then they are mostly honest.
There are plenty of swarmy things going on that are legal and
"honest". That doesn't necessarily mean they are moral or ethical.



I don't trust the books, the outside bookkeepers, the brokerage houses,
or the bankers. In the good old days, you could trust the outside
certified auditors to reasonably and fairly present the books of a large
corporation. These days, there's not much difference between the crooks
who rob you with a six gun and the ones who rob you with a fountain
pen/computer keyboard.

Just like the mob robbing union pension funds.

On Sun, 25 Apr 2010 21:35:57 -0400, wrote:


BP doesn't understand, half his 401k profits were taken before he ever
even saw them by fund managers who churned the holdings to increase
fees.

so you say.

any other fairy tales you want to spin? you're not doing so well with
this one.

desperation is a poor motive for your type of myth

On Sun, 25 Apr 2010 14:45:49 -0400, wrote:

On Sun, 25 Apr 2010 13:26:42 -0400, bpuharic wrote:

'wall street' and 'swindler' is a redundancy

It really makes me wonder why you allocated your 401k into equities if
you feel this way.

OK i'll type this slowly so even you, a right whiner, can understand:

there is no alternative.

see those words??? there is no alternative. none.

the rich stole pensions. what they couldnt steal they banished. there
are no more pensions.

so the ONLY choice is 401k's.

you're kinda stupid. you dont know much about how reality works.
that's why you're right wing


So much of this economic upturn you keep touting is really just a rise
on Wall Street that it makes me wonder if you understand the economy
at all.

says the guy who doesn't know that the manufacturing sector has
expanded for the last 3 months and housing sales were at their highest
level in 47 years.

oh well. i guess rush has kept that hidden from him...culture shock...

I agree that here is certainly a casino aspect to Wall Street
but if you play the game and lose you can't immediately assume the
game must be crooked. For every loser there is a winner

well no. you can have 100,000,000 losers and 1 winner. that's exactly
what happened.

wall street looked at the middle class, raped us, then made us pay for
a few rich bankers.

.. In this case
it was the people who shorted the housing market.

guess he's unaware goldman sachs ENGINEERED the crisis through fraud
THEN bet against the housing market

but, no one ever said the right wing was educated. they have fairy
tales.

On Sun, 25 Apr 2010 20:28:24 -0400, wrote:

On Sun, 25 Apr 2010 15:04:10 -0400, bpuharic wrote:

It really makes me wonder why you allocated your 401k into equities if
you feel this way.

OK i'll type this slowly so even you, a right whiner, can understand:

there is no alternative.

see those words??? there is no alternative. none.

the rich stole pensions. what they couldnt steal they banished. there
are no more pensions.

so the ONLY choice is 401k's.

you're kinda stupid. you dont know much about how reality works.
that's why you're right wing



So you are going to try to tell me there was no "safe" allocation
option in your 401k that put the money in government paper,
Treasuries, municipal bonds and other low risk investments?

so you're trying to tell me i should have outguessed lehman bros, AIG,
goldman sachs, etc?

gee. with skills like that, why am i just an engineer?

me and 100,000,000 other hard working americans?

you right wingers keep trying to blame it on workers.

and you think that's 'cuz the rich are always right

On 25/04/2010 10:16 AM, wrote:
On Sun, 25 Apr 2010 07:46:34 -0600,
wrote:

On 24/04/2010 5:37 PM, bpuharic wrote:
the right wing is going to bat for wall street! who coulda guessed?

http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

The industry has been damaged further by a series of embarrassing
developments, including the recent fraud charges levied against
Goldman Sachs by the Securities and Exchange Commission. Democrats
also criticized Republican leaders for holding a private meeting with
two dozen Wall Street leaders just before the GOP lawmakers threatened
to block Dodd's bill.

Although Obama and other Democrats held the edge on Wall Street
fundraising during the 2008 election cycle, the political action
committees for major banks and financial services companies have
dramatically shifted their giving toward Republicans in recent months,
data show. Goldman's PAC, for example, gave almost $300,000 to
candidates and parties in March, nearly two-thirds of which went to
the GOP.

Maybe the financial markets should move offshore?

That will probably happen with the derivatives market.
BTW did you see Larry Summers on CBS this morning saying he was just a
college professor and why would anyone blame him for what went on?

Hmm, maybe because you are presidential economic ADVISOR for Obama and
SoT for Clinton? Maybe because you were leading the cheer for
everything Gramm was doing in the late 90s? Even his brief tenure at
Harvard was marked by his association with a swindler.

Nope, in Canada we don't get CBS. CRTC has a thing about foreign
contenet and makes sure only "government approved" content is shown.
Hazards of big fat government and monopolistic media operators.

Is this Larry Summers as in Harvard president or something? Seems like
Harvard type ought to fit in quite nicely with Obama corruption. After
all other CEOs of GMAC, GM, Chrysler and bailout buddies all have
Harvard writen all over them.

Really this is a corruption war going on at the top. Just bigger stakes
than Clinton with Monica.

My guess is Obama is doing a flip flop with the deals he made to get
elected as he knows Democrats are in trouble in November. And the last
thing big mouth wants to see is GOP in congress. Or worse, a Tea Party
holding the balance of power which would be Obama's worst scenario. Say
GOP in congress slams down the spending, then the corruption monies dry up.

Actually, Americans would benefit a lot if congress went say 180 each
for Dem and GOP, with 75 Tea Party. Go a long way to screw around the
corrupt.
--
Socialism and statism are great as long as someone else pays for it.