Congress & Senate

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Sep 24, 2008 11:53 am

Is anyone else listening to this crap from Congress and the Senate?  They need to just pass a freaking bill.  Instead 50 different yolks in Washington need to go around and ask their repetitive questions.

 
The worst part of it all is how hypocritical they all are.  Fannie and Freddie paid tons of money to these people to look the other way.  The politicians are going to eff this up even more if they don't act.
Sep 24, 2008 12:38 pm

Actually - they need to keep stalling.  This bail out would only set up a more severe collapse years from now.  I think the best thing is to open up an investigation to see where the bodies are burried.  Not a lot of news on the fact that Mr. Obama has taken in more than $105,000 from Fannie and Freddie.  Let everything come out into the open.

 
Also - people like Buffet will begin to emerge to fill in the deficit.  Let the sizable investors begin to buy up these things.
 
Sep 24, 2008 1:01 pm
apprentice:

Actually - they need to keep stalling.  This bail out would only set up a more severe collapse years from now.  I think the best thing is to open up an investigation to see where the bodies are burried.  Not a lot of news on the fact that Mr. Obama has taken in more than $105,000 from Fannie and Freddie.  Let everything come out into the open.

 
Also - people like Buffet will begin to emerge to fill in the deficit.  Let the sizable investors begin to buy up these things.
 
 
On one hand, you have Obama:  Economic advisors include those that were running Fannie and Freddie, and Rubin of Citigroup, which is on it's last leg (still standing because of this no short rule).  You also have the fact that he has taken a fair amount from Fannie and Freddie.
 
On the other hand, there is McCain:  He flat out said he doesn't know much about the economy.  He has also taken money from Fannie and Freddie
 
Why do you think this plan will set up for a more severe collapse years from now?
 
Why not just do what Canada did 20 years ago.  Norway, feel free to chime in here.  Canada just said, "If you have money, come to Canada".  The empty houses started filling up and more was paid into taxes.
 
By the way, if this drags out like you suggest, McCain is toast.
Sep 24, 2008 1:07 pm

The senators who should be questioned are the ones asking questions. What a bunch of clowns.

 
 
Stok
Sep 24, 2008 1:12 pm

Snags....the Canadian experience although heralded as a great opportunity for Investors to be fast tracked for citizenship and the ultimate benefit was that these new immigrants would create jobs. Well like all the " best intentions " of government programs things did not go as planned. I will say some of the new immigrants did in fact start new ventures in Canada BUT.....!!!!!

Here is what typically happened , using Hong Kong as the example. The Investor and family moved to Vancouver. Close to the airport and fllights back to Hong Kong. They purchased a home ( at inflated real estate prices ) got their families settled and they were on the first flight back to Hong Kong to run their REAL BUSINESS. They did buy a business in Canada ie. Convenience Store , Dry Cleaner or something similar hired their families to run the business. Ask a Vancouver resident about living in Vancouver now.....in many schools English is now the second language. You can visit commercial areas where no English signage and complete neighbourhoods where all homes are occupied by Chinese residents.
Sep 24, 2008 1:23 pm
norway401:

Snags....the Canadian experience although heralded as a great opportunity for Investors to be fast tracked for citizenship and the ultimate benefit was that these new immigrants would create jobs. Well like all the " best intentions " of government programs things did not go as planned. I will say some of the new immigrants did in fact start new ventures in Canada BUT.....!!!!!

Here is what typically happened , using Hong Kong as the example. The Investor and family moved to Vancouver. Close to the airport and fllights back to Hong Kong. They purchased a home ( at inflated real estate prices ) got their families settled and they were on the first flight back to Hong Kong to run their REAL BUSINESS. They did buy a business in Canada ie. Convenience Store , Dry Cleaner or something similar hired their families to run the business. Ask a Vancouver resident about living in Vancouver now.....in many schools English is now the second language. You can visit commercial areas where no English signage and complete neighbourhoods where all homes are occupied by Chinese residents.
 
I go to Vancouver every once in a while, it's a short drive.  I like Stanley Park and the suspension bridge and all of that...have fun on Granville Street, etc.
 
What you are saying is exactly what I didn't like about Vancouver.  It felt as though I was literally in freaking China. 
 
What pissed me off the most was that it is their culture just to walk into people like pinballs bouncing around and they never say "excuse me" "pardon" "sorry" "thank you".
 
You're right, I guess I would rather sell bread on the street than deal with that here.
Sep 24, 2008 1:28 pm

On the subject ( in general ) I am not a supporter of Government Bailing out business. Politics , taxpayers money and business generally ( in my opinion ) don't seem to work out as planned. My concern in the current situation is that it will extend to other industries and their claim will be lost jobs , lost tax revenues and the host of other well known excuses will be given why they also need to be given financial assistance.

I don't see any Government or politican coming up with ANY PLAN to save people from loosing homes and jobs. It is always the same Blah , Blah , Blah.......note I am not referring to people that knowingly bought homes that they could note afford.
Sep 24, 2008 1:34 pm

I just got back from Los Angeles about a week and a half ago.......here is my point. What has made the U.S and Canada a place where people have wanted to live has changed dramatically. I am going to say this ( I am not trying to offend ) but the politically correct have now demanded that we change to accomadate the new immigrants. Fine have your culture and enjoy...but you moved here because you said you wanted to leave your past and enjoy the benefits of either the U.S. and Canada. You now are demanding we change to accomodate your culture...I don't get it.

Sep 24, 2008 2:21 pm

You've got to let the markets correct - or the underlying issues just deepen.

 
With Canada - the banks were established to be like a utility.  Canada has a vast land mass with little population.  Banks would never survive in remote areas if the Gov had not put into place what we see today in the Canadian bank Oligopoly.
 
Free markets - free Tibet!!
 
For Canadian laughs - go to an initiative in Canada to fight 'global warming'. 
www.flickoff.org
 
They purposely have the 'L' and the 'I' merge together to look like a 'U'
 
 
Sep 24, 2008 2:37 pm

Apprentice...I appreciate the reference to Canada and our " Green Beanies " much like your " Tree Huggers". As to the Canadian banking system not quite as you have expressed.

Sep 25, 2008 7:37 pm

I'll say it if no one else does:

 
The people in Congress and the Senate are the biggest immoral, unethical, hypocritical, asshole morons around.  They should all be kicked out.
 
They get paid to look the other way, then when shit hits the fan, they can't bite the hand that feeds them because it would be the right thing to do.
 
Those that don't agree with the plan don't understand the issue.  They also don't understand this is a problem that requires multiple steps, with the plan just so happening to be the first.
 
Now some in the Congress and Senate are starting to loudly say they are against the plan, but they are doing so because their retard constituates don't understand the issues and how the plan will work, and will, therefore, not re-elect the hypocritical retards.
 
What a failed system.
Sep 26, 2008 8:44 am

Snaggs - yes, Amen!

 
If 'pro' is the opposite of 'con' - then the opposite of 'pro-gress' is ...?
 
Sep 26, 2008 9:38 am
snaggletooth:

I'll say it if no one else does:

 
The people in Congress and the Senate are the biggest immoral, unethical, hypocritical, asshole morons around.  They should all be kicked out.
 
They get paid to look the other way, then when shit hits the fan, they can't bite the hand that feeds them because it would be the right thing to do.
 
Those that don't agree with the plan don't understand the issue.  They also don't understand this is a problem that requires multiple steps, with the plan just so happening to be the first.
 
Now some in the Congress and Senate are starting to loudly say they are against the plan, but they are doing so because their retard constituates don't understand the issues and how the plan will work, and will, therefore, not re-elect the hypocritical retards.
 
What a failed system.
 
Astute critical analysis. You've hit the nail on the head.
Sep 26, 2008 10:08 am
norway401:

Ask a Vancouver resident about living in Vancouver now.....in many schools English is now the second language. You can visit commercial areas where no English signage and complete neighbourhoods where all homes are occupied by Chinese residents.

Maybe if BC follows the Quebec model Chinese will soon be the third official language of Canada!!  Wonder how "we stand on guard for thee" sounds when sung in Chinese?
Sep 26, 2008 10:25 am

I'll say it if no one else does:

 
The people in Congress and the Senate are the biggest immoral, unethical, hypocritical, asshole morons around.  They should all be kicked out.
 
I'll go even further. I'd like to see them all lined up and shot.......dead.  Clowns and idiots leading the parade into Hell.
 
Sep 26, 2008 10:30 am

From Bloomberg:
- Biggest bank failure in history
- lower than thought GDP
- No rescue plan in sight

"And the market's actually not down that much!" 


After hearing the reports of last night's republican explosion, I would think McCain is toast.  But just like Snags said, this is all stems from a terrible advertising campaign, and the typical reaction of most clients/constituents to all things financial: EMOTIONAL AND IRRATIONAL.