…from US coffers?
http://www.latimes.com/news/nationworld/world/la-fg-missing-billions-20110613,0,4414060.story
are you going to write your congressman to demand satisfaction? I know I will, esp. considering how bankrupt my state is.
Bang the ghost of Christmas past hits you over the head with his mumbo jumbo wand and transports you back to Dec of 1998
And there you are — Your mission ? To tell yourself all the things you have to look forward to — Will you believe it or dismiss it all as rubbish ?
Free speech zones pop up in the US some with cages after an attack on US soil that left some wondering if the government was incompetent and others to speculate the government attacked themselves etc etc
Billion of billions have been spent on Iraq – in a war that toppled a dictator and left the US as an occupier — Yes tell yourself 10 yrs ago that the US would occupy some nation in the world —
The big 3 are close to bankrupt and 700 billion was printed to save banks and insurance underwriters – and then another 800 billion but the begging auto sector will not get the 85 billion they asked for
Have you kicked yourself out of the house yet ?
A black President is about to take command of the US
No one in power is going to do anything in the next decade to end illegal crossing of the border – China will sell your kids and pets some poison products and your government won’t be doing much about that either because — China holds most of your 10 trillion dollar national debt
Have you called the men in white coats to take you away yet ?
India and China are real players in the world economy and might be taking the lead away from the US at some point if things don’t change soon —
Ok — now are you in hysterics on the floor of wherever you were in Dec of 1998
Or have you believed yourself or just had your head smashed in by your 1998 self ?
—————————–
How many of you succeeded in your mission to tell yourself 10 yrs ago about all the things that have happened in 10 yrs ?
Corporate Conservatives cause alll these citizens to lose Billions.
Barney Frank passed regulations to keep Fannie and Freddie in check, but it was too late. Barney Frank would have saved Fannie and Freddie if he were head of the Finance Committee before 2007.
The lesson to be learned: To save the economy, we need more Government regulations in businesses to protect corporations from losing their money like Fannie and Freddie lost.
Obama’s policies are the reason America is not going through a Depression. If Obama didn’t pass regulations, imagine how many other corporations would have gone bankrupt.
Fannie Mae and Freddie Mac is the perfect example of how evil capitalism can be.
That is why Barnie Frank wanted regulations and independent oversight to keep these organizations from making risky illogical sub-prime mortgage lendings to people not in a position to repay those loans.
Fannie Mae and Freddie Mac had they followed the rules, they would have not given bonuses to their top executives in the years leading up to bankruptcy
At the time of these video hearings it was Late 2004 and the issue was not about regulating Fannie and Freddie, it was about how the Republicans were going about doing it with the goal of corrupting it so they got money out of it
These Democrats wouldn’t be this angry, something is twisted in these videos, you think they would lobby vigorously to protect a corporation???
I still hold the Conservatives more responsible because Wall Street was the driving force behind the magnitude of the loans.
OF COURSE ANY POOR PERSON would want an opportunity VS. NO opportunity to own a home. Clinton and the Democrats wanted a program to help poor people obtain loans with poorer credit scores, but with regulation over Fannie Mae and Freddie Mac. This means they would be some other channel (perhaps a petition process) poor people denied loans could go through to make the case they can be trusted with a mortgage. However, it is not the homeowner’s responsiblity to assess the risk of Fannie Mae, that’s in Wall Street’s hands.
What Clinton wanted to lax up was the impact of clear cut credit score and income as a basis for judging who can and can’t get a loan. This doesn’t necessarily mean a poor person who is at risk of not paying back can’t get one. You’d just have to open the door to other means of risk measurement besides sheer income.
•I thought Bush’s stimulus rebate checks, deficits & Wall Street bailouts were going to bankrupt our country; depreciate the dollar; and cause the stock market to tank. It never happened. Now Barack Hussein Obama is doing everything Bush did by a factor of 10. I mean, $billions for the car companies; billions for people to buy cars; stimulus spending; trill annual deficit; it’s unreal. Yet the 10-year T-bill is under 4% and the US dollar is holding up. Even unemployment, which is approaching 10%, isn’t as bad as it may seem with unemployment benefits lasting 79 weeks; and tremendous growth in fed’l gov’t hiring.
• In summary, can someone tell me how if the U.S. Gov’t can run up such deficits perpetually? Or are we in the middle of another huge bubble; this one centered around gov’t debt?
Why would anything bad happen when the Chinese stop buying our T-bills? Maybe they’ll buy shares of Exxon & Walmart instead? So what? Why can’t the Fed Resv Bank just keep buying billion of $$’s of bonds & Treasuries? In this manner, interest rates stay very low. And paying interest to the Federal Reserve Bank is like paying ourselves the money. Seriously, as long as the Federal Reserve Bank can own trillions of $$’s of debt, which they can do; then I don’t necessarily see high inflation or massive unemployment.
I have been reading a little here and there on my free time about penny stocks. And there are a few questions i have.
1. Who even knows about the companies that are being traded on the otc? Investment banks, insiders, who??????? How do they get their info?
2. I am 105% sure there are people making millions if not billions on these stocks on a consistent basis. Are these people market manipulators……have insider information……..investment banking groups…..whoooooo??????
When i check the markets everyday after i get home from school……..i see at least a couple of penny stocks have risen dramatically…….1000%+
Obviously someone is profiting from the penny stock exchange or else the over the counter stocks would not exist……..
3. How do people know a some random company in whoville is going to rise 1000% or more in a day?
4. I read about one man that invested i think (don’t kill me if im wrong) or 0 in every penny stock back in the 40’s or 50’s…….and he made billions!!!!!!!!!!!! Would this be a smart thing to do today if you had a million dollars to blow?
I understand most of the companies go bankrupt but there is bound to be a few that could possibly be the next global powerhouse……
Lives, food, water, livelihoods, the health of others, the economy, the environment–how can a company continue business as usual after an incident costing so much? Millions, billions–even trillions–isn’t enough to cover all that damage that this oil spill has done. So…how does a company like BP last? Is it just going to get a token fine that is a lot less than the real cost of all that has been lost and ruined?
If the average person had a company that had an accident that caused so much devastation, I’m betting that they would have to say goodbye to their business and their wealth.
It’s a matter of pay now or pay letter. Republicans are all for lower taxes and smaller government except when their greed gets them in financial trouble.
Here is the issue that you are dealing with… Since the Stock Market collapse of 1929 a system of checks and balances was instituted as the economy grew to keep greed in check. However, after Ronald Reagan took office and developed the theory of Trickle Down economics, They began to chip away at several levels of checks and balances. One of the first levels that they attacked were the Unions. Unions offered a level that reported abuses in the labor market. Second was deregulation where they actually removed regulation by allowing business to move off shore where inspection and over sight where non-existent… then they moved to gut the budgets of regulatory agencies that were left, to stop over-site. Usury laws were thrown to the wind and bankruptcy laws were changed to protect the rich. (Look up Usury Laws)
Example: There are only 8 inspectors for all the livestock sold for food in California. Providing 30 percent of all the meat eaten in the United States and exported.
The result is that you have lead painted toys for your children to play with, food is polluted with chemicals and Salmonella and Wall Street Collapses in a heap and your 401K falls through the floor while Oil prices shoot threw the roof because they changed the rules to allow speculation in the Oil market and fought alternative energy. All the while the Republicans keep claiming your taxes are to high and the reason is it’s Ear Marks were causing it which equal less than 1 percent of the US budget .
We need to start thinking smarter and get back to enforcement of good sound banking rules and reduce greed out of the equation. We need over sight at all levels of both government and business. We need to pay those taxes necessary to enforce regulation and stop investing billions in "Wars to No Where". Think where we would have been financially if we had not swallowed "Georges War to No
Where" based on a lie.
Wake up America!!! Obama for President
Where are those billions all the Democrats were willing to send?
And who said don’t throw good money after bad?
Another true statement, the Government doesn’t creat jobs.
Stimulus is being spent unemployment still going up.
How do you explain yourselves, having wasted millions of dollars for a worthless company?
I STAND CORRECTED…..BILLIONS!