Take the $1 Trillion the taxpayers put up. Then take the $16 Trillion the GAO says the Federal reserve forked out. Then add the additional $1 Trillion the FOIA uncovered.

http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

http://news.firedoglake.com/2011/08...est-reveals-1-2-trillion-in-secret-fed-loans/

And yes all of that was in the form of emergency loans, but those loans and TARP were the direct result of the greed and corruption of bankers, insurers, and stock brokers which caused a world economic collapse and cost $18 Trillion to keep banks and our financial system from going under.

 

Because its the lie of conservatism in action Ace. You see its mostly conservative/Republican/Tea Baggers who make up that top 5% of the wealthy. You know the insurers, the bankers, the stock brokers, and the credit raters. And you and them are always screaming to get government off their backs, cut regulations, cut taxes, keep government out of business and the economy.

And then when they get their way, and get their taxes and regulations cut then they turn right around and loot that segment of the economy, collapse it with their greed and corruption and then run to the government to get bailed out with tax payer dollars. But they get to keep theirs.

That"s the lie of conservatism as it is preached and practiced in this nation and happens every time the conservative/Republican/Tea Baggers get in power.

 

That's a lie and you know it Ace. The government has been involved in commerce since the drafting of the US Constitution. And it was not the sub-prime loans. Those could have been handled easily. It was the predatory lending practices. And it was taking those same high risk loans, bundling them over and over again, giving them AAA credit ratings, and selling them and insuring them and gambling on them over and over again.

$18 Trillion, Ace. That's what their greed and corruption cost and you defend them and their lies.

Not to the tune of $18 Trillion Ace.

 

More like wounded Iraq War veterans being carried out isn't it Ace?

http://www.washingtonpost.com/natio...police-clash/2011/10/28/gIQAwgVTOM_story.html

 

You haven't got a clue, but that never stopped you from running a lie.

 

Ok, I think you have something with this greed speil you've got.

From what i understand TARP is this: The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008. It was a component of the government's measures in 2008 to address the subprime mortgage crisis.

Ok, greed.

I can see someone who wants a house that they can't afford buy a retarted mortgage to get the house they can't afford. From what I understand the govenment FORCED banks to sell those retarded sub-prime mortgages to the greedy little people who wanted a house they couldn't afford.

When the government, knocks on my door and tells me to sell a bad product, I'm gonna say no, and when forced... I may not like it, but i'm gonna sell it with a vengance. I'm going to give the government and the greedy little people EXACTLY what they want.

Guess what, the greedy little people got exactly what they wanted. The government got exactly what they wanted. Now they don't like what they got?

That's greed for you.

 

The gov't created the bad product in the first place by mandating banks loan to sub-prime borrowers thanks to Barny Frank and el Presidente Clinton':

'The National Homeownership Strategy began in 1994 when Clinton directed HUD Secretary Henry Cisneros to come up with a plan, and Cisneros convened what HUD called a "historic meeting" of private and public housing-industry organizations in August 1994'

Congress MANDATED that the banks CREATE this mess in 1994. The resulting financial products from the sub-prime were a result of the banks trying to protect themselves from the risk created by the Congressional mandate.

Now the same assholes who sunk us into this mess in the first place are the ones pretending to bail us out. And all of it mainlines back to failed SOCIALIST though: entitlements, wealth redistribution, and big gov't solutions.

"See the cat's cradle? See the cat's cradle?"

 

YADDA YADDA YADDA...

The leftists' same ole' song and dance,,,the free market is the guilty party, not the greedy corrupt federal government.

Here's a hint for you leftists; the free market is controlled and regulated by the very corrupt, greedy federal, state and local governments.

Along with the lobbyists and their cash that is given to those corrupt, greedy federal, state and local government politicians.

There are laws in place that are meant for illegal activities, and if the laws are broken, there are retributions to be paid.

 

That's because the Tea Party was a bought and paid for political party that had a very specific Koch Brothers funded and ALEC inspired agenda. In other words something planned and excuted instead of something spontaneous like the Occupy Wall Street Protests.

We don't need no stinking permits to exercise our First Amendment Rights.

 

Bullshit you gullible fool and I choose my words carefully so don't you dare try to put some of yours in my mouth.

Its this simple. There were efforts on the part of at least three presidential administrations to promote home ownership. That created increased demand. The bankers and lenders took that demand and turned it into predatory lending. Thus dramatically increasing the number of high risk loans. Then the stock brokers, bankers, insurers and credit raters then took that inflated bubble of high risk home loans bundled multiple times and gave them a Triple A Credit rating and started trading them to the world. All of them knowing along that this would collapse our economic system but still going for the maximum profits knowing once they'd looted that segment of the economy the US Government would have no choice but to bail them out. Which the US Government and the Federal Reserve did.

That's how the top 1% of this nation increased their income by 275%.

Now you argue what I really said. Not the bullshit you make up and wish I'd said.

 

No its the conservative/Republican/Tea Baggers who are trying to protect that top 1% while 68% of the people and 68% of millionaires say its time to raise taxes.

Its just you brainwashed parrots running around doing their bidding for them.

I know you don't care because you're a brainwashed parrot Ace. Its all emotional with you not logical. Not factual.

Like I said. It happens every time. Back when it was Ronald Reagan and George HW Bush it was the Savings and Loan industry that was looted and had to be bailed out to the tune of $525 Billion.

Let's see here. Everybody lives off the Taxpayer except you and the conservatives is that it Ace?

Like I said just more brainwashed squawking. Like 47% don't pay taxes. When that's a lie. I paid taxes all my life and never got a chance to cheat on my taxes because they took them out every pay day. I paid for my social security. I paid for my medicare. I worked for a living instead of living fat and rich like you. But I paid my taxes.

Oh BULL FUCKING SHIT ACE.

What utter brainwashed parroting bullshit. Three things here. We've had taxes cut for more than 10 years. We've cut taxes and regulations for businesses for 10 fucking years as well. Were are the JOBS ACE. If cutting taxes and cutting regulations worked. If conservative ideology worked we'd have more jobs than we can fill instead of 14 million unemployed.

What a fucking fool you are for not seeing it for what it is.

That's not what the polls are saying Ace.

 

Here you lying phony. You want to blame Barney Frank. Try arguing with what he actually says. And you won't be able to because you're a walking talking fraud.

http://www.huffingtonpost.com/rep-barney-frank/is-there-an-antidote-to-t_b_176538.html

 

http://www.rawstory.com/rs/2011/10/28/maddow-explains-how-wall-street-firms-defrauded-investors/

 

Yes.

My point about 'greed' is that the banks and 'the rich' seem to be the ones being called greedy, when really the greed also happed from the bottom up too. The buyers of the houses, the takers of subprime mortgages, were buying more than they could afford. To me that is also greed in it's purest form.

Um.... What's the "cat's cradle" thing mean?

 

He is quoting Vonnegut. Cat's Cradle, a great satiric novel about idiots who unwittingly destroy civilization in the process of trying to save it.

 

Come live in Massachusetts, and you will learn that you can't trust anything he says, or has ever said. He lies as he breathes.

 

Do you live in MA?

 

PHOTOS: Oakland Residents Hold Candlelight Vigil For Iraq Vet Critically Injured By Police


http://thinkprogress.org/special/2011/10/28/355803/oakland-residents-candlelight-vigil/

 

There was a great op-ed in the WSJ the other day, corroborating my claims from several days ago that the Carter and Clinton administrations had set the groundwork for the sub-prime bubble that tanked the mortgage repurchasing/underwriting functions of the financial sector.

I didn't bother to post it. I would have gotten the same thing that I always get: ad hominem attacks against the authors of the op-eds. When facts don't fit, they attack the messengers.

I see you're still at it, though, Aces. And FNG, too. Very good. Keep up the good fight! (I might join in... not sure... been very busy lately.)

:rose: