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  #11   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Sep 2008
Posts: 94
Default Wall Street/economy question

BAR wrote:
Eisboch wrote:
"BAR" wrote in message
...

Eisboch wrote:
I here some talkity-talk about establishing a temporary moratorium
on home foreclosures, but that's all it is .... talk.
How about convening an emergency session of Congress, get some ideas
on the table, and *do* something?
My congressman lost in the primary to a challenger so he is out. The
general election is a formality. I live in a predominately Democrat
district.



He's still drawing a paycheck. Call him up and tell him to get back
to work.


I think he is more worried about where his paychecks will be coming from
in 2009. For a Democrat he was always out and about doing what he needed
to do to be seen and do what was needed for his constituents. In my
"town" of 300 or so residents we have a parade every year and there he
is right behind the mayor's car walking the 1/2 mile parade route waving
to the people being seen. Also, if any org or group wanted a tour of the
White House or Congress he had it set up within hours.



D'oh. Most U.S. Representatives of either party are after the same sort
of visibility and provide a high level of constituent services,
especially if they want to be re-elected.

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posted to rec.boats
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Default Wall Street/economy question


"BAR" wrote in message
. ..

Eisboch wrote:


He's still drawing a paycheck. Call him up and tell him to get back to
work.



I think he is more worried about where his paychecks will be coming from
in 2009. For a Democrat he was always out and about doing what he needed
to do to be seen and do what was needed for his constituents. In my "town"
of 300 or so residents we have a parade every year and there he is right
behind the mayor's car walking the 1/2 mile parade route waving to the
people being seen. Also, if any org or group wanted a tour of the White
House or Congress he had it set up within hours.



Hey, at $169,300 a year plus benefits and expenses, I'll do that. They
hiring?

Eisboch


  #13   Report Post  
posted to rec.boats
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Posts: 10,492
Default Wall Street/economy question

On Tue, 16 Sep 2008 11:38:08 -0400, "Eisboch" wrote:

With all the attention given to the financial meltdown in the media, I see a
lot of finger pointing and blame being directed at various people for the
lack of government regulation. Even McCain, this morning, acknowledged
that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of areas.
Congress is also the legislative branch of the government, responsible for
drafting, proposing and instituting laws and/or changes as required. The
executive branch then enforces the approved laws.

Why don't we see any members of Congress responding to this financial crisis
with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or Democrat
actually doing their job and taking action as required in their job/office
responsibilities.

EIsboch


I think the truth is that very few in congress, if any, are
financially astute enough to propose meaningful legislation. It
really shouldn't come from congress anyway but rather from existing
regulatory agencies: The SEC, Controller of the Currency, Federal
Reserve, FASB, FDIC, etc. There was a massive breakdown at all levels
regarding the amount of leveraged, high-risk debt that was being
accumulated by the financial services industry. The bond rating
agencies share more than a little bit of the blame as well. They are
paid to assess risk and evaluate worst case scenarios, and none of
that seems to have been done very well except possibly by Warren
Buffet.

  #14   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Jan 2007
Posts: 388
Default Wall Street/economy question

Eisboch wrote:
With all the attention given to the financial meltdown in the media, I see a
lot of finger pointing and blame being directed at various people for the
lack of government regulation. Even McCain, this morning, acknowledged
that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of areas.
Congress is also the legislative branch of the government, responsible for
drafting, proposing and instituting laws and/or changes as required. The
executive branch then enforces the approved laws.

Why don't we see any members of Congress responding to this financial crisis
with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or Democrat
actually doing their job and taking action as required in their job/office
responsibilities.

EIsboch




The current stock market slide started June 1, 2007, after it became
obvious that the democrats were going to concentrate their efforts for
the next two years on impeaching somebody, and doing nothing else. Was
anything accomplished in the First Hundred Days in which they were going
to change the world?

Check the History of the DJI

http://finance.google.com/finance?cid=983582

(Use the slide bars at the bottom to cover the period in question.)

If you are not happy with the democrats, start sending your complaints
to the proper people. Their contract information is at the following
websites.

http://www.senate.gov/general/contac...nators_cfm.cfm

https://forms.house.gov/wyr/welcome.shtml

If everybody who post a political comment to a newsgroup wrote instead
to their congress person, congress may realize that "Small Town Middle
Americans depressed by poor economic condition who are clinging to their
guns and God" are not happy with congress's performance.

Several month ago I started sending mail to all of my congressmen, and
have keep it up. I doubt it is completely me but some have decided that
off shore drilling is a good thing. Next get them to change the
regulations that were put in place to kill the nuclear industry.
  #15   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Sep 2008
Posts: 94
Default Wall Street/economy question

Keith nuttle wrote:
Eisboch wrote:
With all the attention given to the financial meltdown in the media, I
see a lot of finger pointing and blame being directed at various
people for the lack of government regulation. Even McCain, this
morning, acknowledged that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of
areas. Congress is also the legislative branch of the government,
responsible for drafting, proposing and instituting laws and/or
changes as required. The executive branch then enforces the approved
laws.

Why don't we see any members of Congress responding to this financial
crisis with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or
Democrat actually doing their job and taking action as required in
their job/office responsibilities.

EIsboch




The current stock market slide started June 1, 2007, after it became
obvious that the democrats were going to concentrate their efforts for
the next two years on impeaching somebody, and doing nothing else. Was
anything accomplished in the First Hundred Days in which they were going
to change the world?

Check the History of the DJI

http://finance.google.com/finance?cid=983582

(Use the slide bars at the bottom to cover the period in question.)

If you are not happy with the democrats, start sending your complaints
to the proper people. Their contract information is at the following
websites.

http://www.senate.gov/general/contac...nators_cfm.cfm

https://forms.house.gov/wyr/welcome.shtml

If everybody who post a political comment to a newsgroup wrote instead
to their congress person, congress may realize that "Small Town Middle
Americans depressed by poor economic condition who are clinging to their
guns and God" are not happy with congress's performance.

Several month ago I started sending mail to all of my congressmen, and
have keep it up. I doubt it is completely me but some have decided that
off shore drilling is a good thing. Next get them to change the
regulations that were put in place to kill the nuclear industry.



Yeah...that's the ticket...even less regulation than we have now.


  #16   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Jan 2007
Posts: 388
Default Wall Street/economy question

A Boater wrote:
Keith nuttle wrote:
Eisboch wrote:
With all the attention given to the financial meltdown in the media,
I see a lot of finger pointing and blame being directed at various
people for the lack of government regulation. Even McCain, this
morning, acknowledged that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of
areas. Congress is also the legislative branch of the government,
responsible for drafting, proposing and instituting laws and/or
changes as required. The executive branch then enforces the approved
laws.

Why don't we see any members of Congress responding to this financial
crisis with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or
Democrat actually doing their job and taking action as required in
their job/office responsibilities.

EIsboch




The current stock market slide started June 1, 2007, after it became
obvious that the democrats were going to concentrate their efforts for
the next two years on impeaching somebody, and doing nothing else.
Was anything accomplished in the First Hundred Days in which they were
going to change the world?

Check the History of the DJI

http://finance.google.com/finance?cid=983582

(Use the slide bars at the bottom to cover the period in question.)

If you are not happy with the democrats, start sending your complaints
to the proper people. Their contract information is at the following
websites.

http://www.senate.gov/general/contac...nators_cfm.cfm

https://forms.house.gov/wyr/welcome.shtml

If everybody who post a political comment to a newsgroup wrote instead
to their congress person, congress may realize that "Small Town Middle
Americans depressed by poor economic condition who are clinging to
their guns and God" are not happy with congress's performance.

Several month ago I started sending mail to all of my congressmen, and
have keep it up. I doubt it is completely me but some have decided
that off shore drilling is a good thing. Next get them to change the
regulations that were put in place to kill the nuclear industry.



Yeah...that's the ticket...even less regulation than we have now.

I am writing my congressman are you?
  #17   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Sep 2008
Posts: 94
Default Wall Street/economy question

Keith nuttle wrote:
A Boater wrote:
Keith nuttle wrote:
Eisboch wrote:
With all the attention given to the financial meltdown in the media,
I see a lot of finger pointing and blame being directed at various
people for the lack of government regulation. Even McCain, this
morning, acknowledged that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of
areas. Congress is also the legislative branch of the government,
responsible for drafting, proposing and instituting laws and/or
changes as required. The executive branch then enforces the
approved laws.

Why don't we see any members of Congress responding to this
financial crisis with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or
Democrat actually doing their job and taking action as required in
their job/office responsibilities.

EIsboch




The current stock market slide started June 1, 2007, after it became
obvious that the democrats were going to concentrate their efforts
for the next two years on impeaching somebody, and doing nothing
else. Was anything accomplished in the First Hundred Days in which
they were going to change the world?

Check the History of the DJI

http://finance.google.com/finance?cid=983582

(Use the slide bars at the bottom to cover the period in question.)

If you are not happy with the democrats, start sending your
complaints to the proper people. Their contract information is at the
following websites.

http://www.senate.gov/general/contac...nators_cfm.cfm

https://forms.house.gov/wyr/welcome.shtml

If everybody who post a political comment to a newsgroup wrote
instead to their congress person, congress may realize that "Small
Town Middle Americans depressed by poor economic condition who are
clinging to their guns and God" are not happy with congress's
performance.

Several month ago I started sending mail to all of my congressmen,
and have keep it up. I doubt it is completely me but some have
decided that off shore drilling is a good thing. Next get them to
change the regulations that were put in place to kill the nuclear
industry.



Yeah...that's the ticket...even less regulation than we have now.

I am writing my congressman are you?




Heheheh...I don't have to...

He and I both favor more regulation of financial markets, and close
regulation of nuclear facilities. We both favor expansion of the
existing nuclear facility in our area.

  #18   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Mar 2008
Posts: 25
Default Wall Street/economy question

On Tue, 16 Sep 2008 11:38:08 -0400, "Eisboch" wrote:

With all the attention given to the financial meltdown in the media, I see a
lot of finger pointing and blame being directed at various people for the
lack of government regulation. Even McCain, this morning, acknowledged
that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of areas.
Congress is also the legislative branch of the government, responsible for
drafting, proposing and instituting laws and/or changes as required. The
executive branch then enforces the approved laws.

Why don't we see any members of Congress responding to this financial crisis
with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or Democrat
actually doing their job and taking action as required in their job/office
responsibilities.


Here 'ya go....

And guess who it all relates back to.

Two guesses - one doesn't count.

Starts with C and ends with N.

http://hotair.com/archives/2008/09/1...credit-crisis/
  #19   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Sep 2008
Posts: 94
Default Wall Street/economy question

Valgard Toebreakerson wrote:
On Tue, 16 Sep 2008 11:38:08 -0400, "Eisboch" wrote:

With all the attention given to the financial meltdown in the media, I see a
lot of finger pointing and blame being directed at various people for the
lack of government regulation. Even McCain, this morning, acknowledged
that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of areas.
Congress is also the legislative branch of the government, responsible for
drafting, proposing and instituting laws and/or changes as required. The
executive branch then enforces the approved laws.

Why don't we see any members of Congress responding to this financial crisis
with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or Democrat
actually doing their job and taking action as required in their job/office
responsibilities.


Here 'ya go....

And guess who it all relates back to.

Two guesses - one doesn't count.

Starts with C and ends with N.

http://hotair.com/archives/2008/09/1...credit-crisis/



snerk


Sure. I believe your right-wing blog of bullschitt. Sure I do.

snerk


You should stick to your Etec gas mileage infomercials.
  #20   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Jul 2008
Posts: 8,663
Default Wall Street/economy question

On Tue, 16 Sep 2008 22:15:56 GMT, Valgard Toebreakerson
wrote:

On Tue, 16 Sep 2008 11:38:08 -0400, "Eisboch" wrote:

With all the attention given to the financial meltdown in the media, I see a
lot of finger pointing and blame being directed at various people for the
lack of government regulation. Even McCain, this morning, acknowledged
that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of areas.
Congress is also the legislative branch of the government, responsible for
drafting, proposing and instituting laws and/or changes as required. The
executive branch then enforces the approved laws.

Why don't we see any members of Congress responding to this financial crisis
with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or Democrat
actually doing their job and taking action as required in their job/office
responsibilities.


Here 'ya go....

And guess who it all relates back to.

Two guesses - one doesn't count.

Starts with C and ends with N.

http://hotair.com/archives/2008/09/1...credit-crisis/


Today Hannity read a portion of a speech made to the Senate in 2005 by John
McCain. In the speech McCain notes the lack of oversight of the Maes and
Macs and basically predicts the mess that we're in now.

I wish I could find the speech, but I've not been able to. Perhaps one who
is quite astute, such as yourself, Mr. Toenail, could do so.
--
John H.
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