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-   -   AIG (http://cellar.org/showthread.php?t=19677)

xoxoxoBruce 03-22-2009 12:29 PM

How much control over the actions of Congress as a a whole, or individuals in it, do you think the President has? Any answer larger than zero is a fail.

TGRR 03-22-2009 02:44 PM

I don't get it.

Why is Obama responsible for anyone in congress?

Did we suddenly change to a monarchy, or something?

classicman 03-22-2009 03:35 PM

nevermind - move along.

tw 03-22-2009 03:51 PM

Quote:

Originally Posted by TGRR (Post 548157)
I don't get it.
Why is Obama responsible for anyone in congress?

Because classicman has a left-right dichotomy that means he must constantly post Rush Limbaugh style attacks on those who question the extremists Republican mantra.

Whether Dodd or Geithner or Paulson or Thain or Greenspan or whoever needs blame is irrelevant. The Cellar has been poisoned by constant attacks on Obama and others who are desperately trying to fix an economy that was undermined by that political agenda during the last decade.

Little here is about AIG, economics, or what might work and what makes things worse. A political extremist agenda is constantly attacking the Obama administration to avoid the politics that really created this mess.

You would think Geithner and Dodd created all problems due to classicman's constant Rush Limbaugh partisan attacks. So partisan that this independent is too busy challenging the lies rather than discuss the problem. Nothing from classicman offers a solution to or understanding of this AIG mess. That would require admitting to a political agenda that created this mess. To avoid that reality, political extremists must attack and destroy - not grasp, enlighten, and construct.

A left-right dichotomy accurately described most every classicman post because this problem is directly traceable to a his beloved political agenda that eliminated responsible accounting and corporate behavior. So attached is he to extremism that criticism of his left-right dichotomy is taken as a personal attack.

TheMercenary 03-22-2009 05:50 PM

Look beyond the bogus bonus smokescreen

Quote:

My syndicated column today tallies up all the craptacular spending that’s been going on while the AIG-bashing hypocrites on the Hill crow about $165 million in corporate bonuses none of them bothered to stop before they rushed to fork over billions to AIG in the first place. I mention the little-noticed $6 billion GIVE Act, which just passed the House — and which looks like the very kind of Soros Slush Fund I warned about last summer. Also note the rising cost of the $2 trillion cap-and-trade scheme, which vigilant GOP Sen. James Inhofe has been red-flagging.

Bonus issue = Kabuki theater of mass distraction. Keep your eye on the ball.

(And this just in, via HA Headlines: “U.S. Senate Budget Committee Chairman Kent Conrad said on Thursday he expects federal deficit spending will be about $1.6 trillion greater over the next ten years than President Barack Obama’s budget plan forecasts. Obama submitted his budget outline to Congress last month which forecast almost $7 trillion in deficits through 2019, however a worsening economic picture is expected to make the budget outlook darker. Conrad told reporters that the additional $1.6 trillion over the next decade was based on projections of the Democratic majority’s budget committee staff.
http://michellemalkin.com/2009/03/20...s-smokescreen/

Redux 03-22-2009 06:02 PM

I like the Generations Invigorating Volunteerism and Education (GIVE) Act.

You might want to read more about it then just Michelle Malkin....unless you're not interested in independent thinking and would rather just take the word of a partisan hack who often misrepresents the facts.

IMO, encouraging and supporting volunteerism and public service is a good thing..but I admit to not having read the bill line-by-line.

TGRR 03-22-2009 06:05 PM

Quote:

Originally Posted by Redux (Post 548224)
I like the Generations Invigorating Volunteerism and Education (GIVE) Act.

I would encourage you to read more about it then just Michelle Malkin.

IMO, encouraging and supporting volunteerism and public service is a good thing..but I admit to not having read the bill line-by-line.

Then you missed the part where it isn't volunteer.

Your statement was like saying "What kind of commie won't vote for the PATRIOT Act? Why do they hate patriots?"

TheMercenary 03-22-2009 06:12 PM

Quote:

Originally Posted by Redux (Post 548224)
...unless you're not interested in independent thinking and would rather just take the word of a partisan hack who often misrepresents the facts.

Eh, your opinion.

Redux 03-22-2009 06:14 PM

Quote:

Originally Posted by TGRR (Post 548227)
Then you missed the part where it isn't volunteer.

Your statement was like saying "What kind of commie won't vote for the PATRIOT Act? Why do they hate patriots?"

I like the name of the Patriot Act:

Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act

TheMercenary 03-22-2009 06:15 PM

The Patriot Act, a lasting legacy of the Demoncratically controlled Congress.

Redux 03-22-2009 06:17 PM

Quote:

Originally Posted by TheMercenary (Post 548231)
The Patriot Act, a lasting legacy of the Demoncratically controlled Congress.

The Patriot Act was enacted in October 2001....Bush/Republican Congress...and shamefully, IMO, supported by a minority of Democrats in the emotional aftermath of 9/11.

One of those bills "rushed" through Congress by Bush and the Republicans in a manner that you now complain about.

Any amendments proposed by the Democrats after 2007 faced a Bush veto.

Damn..why do you keep rewriting history?

TheMercenary 03-22-2009 06:18 PM

Patriot 2 (revised Patriot 1) was passed by the dems after years of bitching about how bad it was for our country, including the provisions for wiretapping of US citizens they were all willing to throw themselves on a sword for.

http://www.usdoj.gov/archive/ll/subs/p_congress.htm

Redux 03-22-2009 06:20 PM

And any amendments, and there were many, that Bush threatened to veto were excluded for the sake of "national security."

But your unique interpretation of solely blaming the Dems for everything always keeps me amused. :)

TGRR 03-22-2009 06:23 PM

Quote:

Originally Posted by TheMercenary (Post 548231)
The Patriot Act, a lasting legacy of the Demoncratically controlled Congress.

Hahahahahaha!

TheMercenary 03-22-2009 06:23 PM

Yep, all approved by the Demoncratics in Congress. Ok, not so controlled but the Dems caved.

TGRR 03-22-2009 06:24 PM

Quote:

Originally Posted by TheMercenary (Post 548238)
Yep, all approved by the Demoncratically controlled Congress.

So, let me get this straight: The Dems control the Republicans with mind control beams.

Is that what you're saying? :lol:

TGRR 03-22-2009 06:27 PM

Quote:

Originally Posted by Redux (Post 548233)
The Patriot Act was enacted in October 2001....Bush/Republican Congress...


Who are apparently controlled via orbital mind control lasers by the Clintons.

At least in Mercenary's head.

http://www.prorider.com/org/images/10VBlue80.jpg

TheMercenary 03-22-2009 06:28 PM

You cannot penetrate the tin foil! :lol2:

TGRR 03-22-2009 06:30 PM

Quote:

Originally Posted by TheMercenary (Post 548241)
You cannot penetrate the tin foil! :lol2:

No, no, merc, explain to us how those lousy demoncrats can apparently smack the GOP around when the GOP owns congress.

Are the GOP members of congress really that girly, or do the dems have mind control lasers?

TheMercenary 03-22-2009 06:33 PM

Oh, they just tell the people who voted them in that they are going to do one thing and turn around and sell out those same supporters by siding with the Repubs. It kind a took the wind out of all those complaints about wire tapping, etc. I thought it was pretty funny really since I supported both Patriot 1 and 2.

TGRR 03-22-2009 06:34 PM

Quote:

Originally Posted by TheMercenary (Post 548248)
Oh, they just tell the people who voted them in that they are going to do one thing and turn around and sell out those same supporters by siding with the Repubs. It kind a took the wind out of all those complaints about wire tapping, etc. I thought it was pretty funny really since I supported both Patriot 1 and 2.

So you basically hate America.

TheMercenary 03-22-2009 06:38 PM

Quote:

Originally Posted by TGRR (Post 548250)
So you basically hate America.

:lol2: you funny.

http://ilovebubbadogs.com/bubbapress.../11/rollin.jpg

TGRR 03-22-2009 06:41 PM

Quote:

Originally Posted by TheMercenary (Post 548256)

Another brilliant rejoiner from the resident dittohead.

TheMercenary 03-22-2009 06:42 PM

I thought it was a fitting response to your failed efforts to defend the Demoncrats. :D

TGRR 03-22-2009 06:49 PM

Quote:

Originally Posted by TheMercenary (Post 548261)
I thought it was a fitting response to your failed efforts to defend the Demoncrats. :D

Who the hell was defending the democrats, you goddamn retard? :lol:

You are the prime example of why America's political system has failed. You can really only see two ways to look at things: GOP and Dem. And you don't mind being sodomized by the government, as long as the GOP is doing it. It's a RELIGION with you. No shit. :lol:

TheMercenary 03-22-2009 06:56 PM

Now you getting really funny Opie. Some serious fantasy you have going on there. Obama will control your bank soon enough.

TGRR 03-22-2009 06:57 PM

Quote:

Originally Posted by TheMercenary (Post 548281)
Now you getting really funny Opie. Some serious fantasy you have going on there. Obama will control your bank soon enough.

:lol:

classicman 03-22-2009 08:25 PM

Quote:

Originally Posted by tw (Post 548170)
Because classicman ... Rush Limbaugh style attacks ...the extremists ...Republican mantra.

classicman's ... Rush Limbaugh attacks... So partisan ... too busy challenging lies ...Nothing from classicman ...political extremists... attack and destroy ... left-right dichotomy... every classicman post ...problem directly traceable ...beloved political agenda ...eliminated responsible accounting ... extremism ...left-right dichotomy ...personal attack.

Nope, no personal attack there. Just the same shit you've been spouting for years. I'm just the latest target. Thats ok, I have lots of patience for children like you, please continue.

classicman 03-22-2009 08:25 PM

Quote:

Originally Posted by tw (Post 548170)
Whether Dodd or Geithner or Paulson or Thain or Greenspan or whoever needs blame is irrelevant.

Incorrect - If blame is due those CURRENTLY in office, then ACTION can and should be taken. That's called being proactive.

TGRR 03-22-2009 08:29 PM

Quote:

Originally Posted by classicman (Post 548440)
Incorrect - If blame is due those CURRENTLY in office, then ACTION can and should be taken. That's called being proactive.

So Bush and the congressional republicans should have reversed the Gramm-Leach-Bliley Act in January of 2001?

Oh, yes, I agree.

Therefore, Bush is as responsible as Clinton and Dodd.

Thanks.

classicman 03-22-2009 09:19 PM

At what point did I say he wasn't? What you fail to miss repeatedly is that this administration was voted in on the mantra of CHANGE. That's what I want to see - not the same thing we've had.

TGRR 03-22-2009 09:22 PM

Quote:

Originally Posted by classicman (Post 548485)
At what point did I say he wasn't? What you fail to miss repeatedly is that this administration was voted in on the mantra of CHANGE. That's what I want to see - not the same thing we've had.

Oh, wait. You're waiting for me to defend The Smiler.

Sorry. Not gonna happen.

TheMercenary 03-22-2009 09:22 PM

Quote:

Originally Posted by classicman (Post 548485)
At what point did I say he wasn't? What you fail to miss repeatedly is that this administration was voted in on the mantra of CHANGE. That's what I want to see - not the same thing we've had.



Give it up. He thinks he specializes in putting words and thoughts in other peoples heads.

DanaC 03-22-2009 09:23 PM

TGRR's got evil genius mind control powers? Blimey. Who knew?

TheMercenary 03-22-2009 09:25 PM

He will control you with his crystal ball! Be afraid. Be very afraid.

tw 03-23-2009 12:01 AM

Quote:

Originally Posted by classicman (Post 548440)
Incorrect - If blame is due those CURRENTLY in office,

Are you naive. Blame is directly traceable to anytone that classicman loves and approves of. Only the most evil get recommended by wacko extremists.

Notice how extremists such as classicman are not discussing AIG. Notice how the discussion again quickly blames Obama.

tw 03-23-2009 01:09 AM

Quote:

Originally Posted by classicman (Post 548485)
At what point did I say he wasn't? What you fail to miss repeatedly is that this administration was voted in on the mantra of CHANGE.

Why post Rush Limbaugh diatribes? We have an economy directly traceable to wacko extremists. Enriching the rich while lowering the average American income by 2%. Now American incomes must be reduced another 36% to pay for all that economic stimulus. All praise "Reagan proves that deficits do not matter."

Anyone who knows economics knows American still has much to suffer from George Jr wacko extremism including an upcoming $1trillion debt from "Mission Accomplished", a war that must be refought from scratch in Afghanistan, the destruction of science by White House lawyers, openly advocating corruption on Wall Street, and the destruction of American poplularity everywhere in the world including Canada and Mexico. Clearly Obama must have also destroyed the Oslo Accords as predicted by the Norwegian foreign minister. Clearly bin Laden thanks Obama for protecting him. After all, why would bin Laden thank wacko extremists and George Jr for no attempt to kill him?

The topic here is AIG. Why attack Obama? AIG could only exist thanks to extremist political agendas that advocated unregulated financial markets and enriching the wealthiest. Even insurance was liberated from regulatory oversight. Let's see. How many years after Enron? AIG is but another example of Enron accounting complete with dummy corporations. So we also blame Obama for that? No wonder bin Laden so loves Obama.

Let's take a moment to thank wacko extremists for saving us from Saddam's WMDs - while destroying the government surplus AND spending another $1trillion.

Change is when extremists admit that George Jr was the worst president in over 100 years (even worse than Nixon). Wacko extremists fear change. So classicman repeatedly attacks Obama.

Let's see if I understand this. Obama is to blame for George Jr's 36 out of 43 rating. Wacko extremism and our robust American economy is alive and well. It's all Obama's fault.

Change: when classicman admits that wacko extrmism created these problems. Extremists fear change. It's all Obama's fault.

TGRR 03-23-2009 07:13 AM

Quote:

Originally Posted by DanaC (Post 548494)
TGRR's got evil genius mind control powers? Blimey. Who knew?

I use big lasers I bought off the Clintons on the cheap.

TGRR 03-23-2009 07:14 AM

Quote:

Originally Posted by tw (Post 548574)
Why post Rush Limbaugh diatribes? We have an economy directly traceable to wacko extremists. Enriching the rich while lowering the average American income by 2%. Now American incomes must be reduced another 36% to pay for all that economic stimulus. All praise "Reagan proves that deficits do not matter."

:lol:

When tw is on a roll, he's a fucking force of nature.

:lol:

classicman 03-23-2009 09:24 AM

Quote:

Originally Posted by tw (Post 548574)
Rush Limbaugh diatribes...directly traceable... wacko extremists..."Reagan proves that deficits do not matter."...much to suffer...George Jr wacko extremism..."Mission Accomplished"...destruction of science... White House lawyers... corruption...destruction...tw is an asshole...wacko extremists...George Jr...attack Obama... political agendas...enriching the wealthiest...Enron accounting ...bin Laden loves Obama...wacko extremists...Saddam's WMDs...destroying government...spending $1trillion...George Jr...Wacko extremists...repeatedly attacks...George Jr...Wacko extremism...robust American economy...Obama's fault...wacko extrmism
It's all Obama's fault.

Did I miss anything?

sugarpop 03-23-2009 07:52 PM

Quote:

Originally Posted by lookout123 (Post 547618)
Your definition of fair is that someone who earns more than you should pay a significantly higher percentage of their taxes even though they will probably benefit less from government programs than you? How did we ever come to define that as progressive or fair?

Good grief. Under Reagan, the darling of the republican party, how much did they pay? Over 50% I believe. and you somehow think it's fair that the people at the very top should be paying less than someone in the middle or at the bottom? IMO, the pay scale has gotten SO out of balance, if it isn't corrected, there will be riots in the streets eventually. People are sick to death of the top 2% getting away with robbery. IF the pay were more balanced, people wouldn't need all those government benefits, would they?

sugarpop 03-23-2009 07:59 PM

Quote:

Originally Posted by TheMercenary (Post 548228)
Eh, your opinion.

What? You think Michelle Malkin is actually unbiased? :rolleyes:

sugarpop 03-23-2009 08:02 PM

Quote:

Originally Posted by TheMercenary (Post 548281)
Now you getting really funny Opie. Some serious fantasy you have going on there. Obama will control your bank soon enough.

He's doing everything in his power NOT to nationalize them, which I think he should do.

sugarpop 03-23-2009 08:08 PM

Getting back to AIG, they are changing their name to AIU. As if that will make a difference. At least some of those people at the top have agreed to give back their bonuses, except of course, the ones in LONDON, which is where the mess started to begin with. Why are WE paying bonuses to people in London? And why has SO MUCH of the money WE gave to AIG gone to foreign banks? Shouldn't foreign countries be bailing out their own banks?

ZenGum 03-23-2009 08:12 PM

Quote:

Originally Posted by tw
Rush Limbaugh diatribes...directly traceable... wacko extremists..."Reagan proves that deficits do not matter."...much to suffer...George Jr wacko extremism..."Mission Accomplished"...destruction of science... White House lawyers... corruption...destruction...tw is an asshole...wacko extremists...George Jr...attack Obama... political agendas...enriching the wealthiest...Enron accounting ...bin Laden loves Obama...wacko extremists...Saddam's WMDs...destroying government...spending $1trillion...George Jr...Wacko extremists...repeatedly attacks...George Jr...Wacko extremism...robust American economy...Obama's fault...wacko extrmism
It's all Obama's fault.


Quote:

Originally Posted by classicman (Post 548640)
Did I miss anything?

We should rap this out and set it to a drum and base line.

tw 03-24-2009 08:47 AM

Quote:

Originally Posted by classicman (Post 548640)
Did I miss anything?

Nope. You still posted nothing about AIG and again took cheap shots at Obama. You are consistent.

depmats 03-24-2009 10:30 AM

Allow me to sum up the last eight years:
Quote:

Nope. I still posted nothing about the topic at hand and again took cheap shots at Bush. I am consistent.

xoxoxoBruce 03-24-2009 10:39 AM

Quote:

Originally Posted by sugarpop (Post 548838)
... And why has SO MUCH of the money WE gave to AIG gone to foreign banks? Shouldn't foreign countries be bailing out their own banks?

Probably because they are like dominos. The whole world of finance is literally world, and if the foreign banks go down, so do we.

lookout123 03-24-2009 10:53 AM

And it might just be that some of the best investments out there are banks. Does anyone believe all of the banks will fold? I don't. I see a lot of financial stocks that have been absolutely crushed to the point they are worth less than even their intrinsic value. I wouldn't mind buying a company stock that once reached $60 and is currently <$3. if it will recover even half of what it was then I'm a huge winner.

classicman 03-24-2009 11:36 AM

Quote:

Originally Posted by tw (Post 548926)
You are consistent.

Yes I am consistent. I have posted plenty both pro and con about Obama. I have posted more variety and relevance than your same old tired, boorish, condescending rant. I can't even say rants anymore since they've blended into one long waste of space.

TheMercenary 03-24-2009 12:05 PM

Quote:

Originally Posted by sugarpop (Post 548832)
What? You think Michelle Malkin is actually unbiased? :rolleyes:

What news commentator is unbiased to some degree? Remember these people are not reporters, they are commentators.

TheMercenary 03-24-2009 12:06 PM

Quote:

Originally Posted by lookout123 (Post 548986)
And it might just be that some of the best investments out there are banks. Does anyone believe all of the banks will fold? I don't. I see a lot of financial stocks that have been absolutely crushed to the point they are worth less than even their intrinsic value. I wouldn't mind buying a company stock that once reached $60 and is currently <$3. if it will recover even half of what it was then I'm a huge winner.

I have a few friends who are doing that with some banks here in GA. I think it is to risky.

lookout123 03-24-2009 12:07 PM

It depends on what amount they're investing. 10% of their net worth? too much. 1% of their networth? no problem.

TheMercenary 03-24-2009 12:14 PM

Good point. I don't know what their details are. I just sounded risky because of the number of banks being taken over by the feds.

lookout123 03-24-2009 12:19 PM

Nobody knows where it will end but technically the feds aren't taking them over, they're buying shares. Hopefully they will sell the shares in the future and allow share price to move entirely with the demands of the market. Sometimes those flyers pay off.

TheMercenary 03-24-2009 12:23 PM

Quote:

SAN FRANCISCO -- Commerce, Ga.-based Freedom Bank of Georgia was closed by regulators Friday, marking the 17th bank failure of the year, the Federal Deposit Insurance Corporation said in a statement. Lavonia-based Northeast Georgia Bank has assumed all of the failed bank's deposits, the FDIC said. As of March 4, Freedom Bank of Georgia had roughly $173 million in assets and $161 million in deposits. The FDIC estimated the cost of Freedom Bank's failure to its deposit insurance fund will be $36.2 million.
http://www.foxbusiness.com/story/mar...ed-th-failure/

classicman 03-24-2009 12:37 PM

Quote:

Freedom Bank of Georgia had roughly
$173 million in assets and
$161 million in deposits.
The FDIC estimated the cost of Freedom Bank's failure to its deposit insurance fund will be $36.2 million.
What were the liabilities?? That info seems strange - no?

lookout123 03-24-2009 12:39 PM

many of the assets are probably foreclosed homes. those have outstanding debt showing in the liability column which isn't shown there.

TheMercenary 03-24-2009 12:42 PM

Well there are a bunch of links to this bank news, I didn't go through more than a few. I posted it as an example of, I believe, the third bank in GA to be taken over.

lookout123 03-24-2009 12:45 PM

normally banks pulled in by FDIC are sold off to bigger better banks, but I think we'll have to wait for the dust to settle before that happens.


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