All you Right Wings wankers, pay attention - Page 3 - Mercedes-Benz Forum

Reply
 
LinkBack Thread Tools Display Modes
post #21 of 45 (permalink) Old 01-26-2009, 05:53 PM
BenzWorld Elite
 
TNTRower's Avatar
 
Date registered: Sep 2007
Vehicle: '98 E320 Wagon (non 4matic)
Location: Atlanta, GA & Malabo, Equatorial Guinea
Posts: 6,663
Mentioned: 0 Post(s)
Quoted: 1 Post(s)
Send a message via AIM to TNTRower
Quote:
Originally Posted by elau View Post
Namely those no brain hard core wankers like Jayhawk, TNT, Multinopurpose, and Wiseasscrack1 pay attention. This can easily happen here thanks to your fucking dumb ass President you so vehemently supported.

Iceland's government collapses - Europe- msnbc.com
I am sorry, I do not understand how our government can be dissolved. Since we do not have a parliament it would seem pretty difficult to me. Unless of course you were trying to say that President Bush was going to arrest Congress and throw them in jail, while declaring martial law.

Your article that is linked is about the Icelandic Parliament dissolving and holding new elections if you didn't know.

And as for the Bush did not enforce regulations crowd, please see this on Wikipedia. It is quite educational and goes to the crux of what I have been saying this entire time. This is not a democrat or republican issue, this is a CONGRESSIONAL MALFEASANCE issue.

Quote:
In 1999, The New York Times reported that with the corporation's move towards the subprime market "Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980s."[12] Alex Berenson of The New York Times reported in 2003 that Fannie Mae's risk is much larger than is commonly held.[13] Nassim Taleb wrote in The Black Swan: "The government-sponsored institution Fannie Mae, when I look at its risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest hiccup. But not to worry: their large staff of scientists deem these events 'unlikely'".[14]

In 2003, the Bush administration recommended significant regulatory overhaul of Fannie Mae and Freddie Mac. However, the Democrats opposed that proposal, fearing that tighter regulation could sharply reduce financing for low-income housing, both low and high risk. Under immense lobbying pressure from Fannie Mae in association with Congressional Democrats led by Rep. Barney Frank, the Republican controlled Congress did not introduce any legislation aimed at bringing this proposal into law until 2005. [15]

In 2006, the Federal Housing Enterprise Regulatory Reform Act of 2005 (first put forward by Sen. Chuck Hagel)[16] where he pointed out that Fannie Mae's regulator reported that profits were "illusions deliberately and systematically created by the company's senior management".[17] However, this legislation too met with opposition from both Democrats and Republicans. This bill was passed by the House, but was never presented to the Senate for a vote. [18]
Here is the link to Fannie Mae. Fannie Mae - Wikipedia, the free encyclopedia

Who's John Galt.

"Timeo Danaos et dona ferentes" - Virgil, The Aeneid, Book 2

If the Arabs put down their weapons today, there would be no more violence. If the Jews put down their weapons today, there would be no more Israel. --Benjamin Netayahu
TNTRower is offline  
Sponsored Links
Advertisement
 
post #22 of 45 (permalink) Old 01-26-2009, 06:06 PM
It Is What It Is, Dude
 
isthisdave's Avatar
 
Date registered: Mar 2006
Vehicle: 1978 107.024 RIP
Location: InTransition
Posts: 21,646
Mentioned: 2 Post(s)
Quoted: 85 Post(s)
Lifetime Premium Member
What, no articles about Sino-Caribe oil rigs on that there Wikipedia, bub?
isthisdave is offline  
post #23 of 45 (permalink) Old 01-26-2009, 06:21 PM
Moderately subtle
 
edfreeman's Avatar
 
Date registered: Dec 2003
Vehicle: 94 E500, 97 500SL
Location: Soddy Daisy, TN
Posts: 8,526
Mentioned: 1 Post(s)
Quoted: 81 Post(s)
Lifetime Premium Member
Send a message via AIM to edfreeman
Since we may be heading towards the same financial crisis discussion, you guys let me know when to throw in my obligatory "I blame them all" post.

edfreeman is offline  
post #24 of 45 (permalink) Old 01-26-2009, 06:28 PM
It Is What It Is, Dude
 
isthisdave's Avatar
 
Date registered: Mar 2006
Vehicle: 1978 107.024 RIP
Location: InTransition
Posts: 21,646
Mentioned: 2 Post(s)
Quoted: 85 Post(s)
Lifetime Premium Member
Quote:
Originally Posted by edfreeman View Post
Since we may be heading towards the same financial crisis discussion, you guys let me know when to throw in my obligatory "I blame them all" post.
For consistency's sake, every eleventh post on a rotation of every third thread ought to suffice.
isthisdave is offline  
post #25 of 45 (permalink) Old 01-26-2009, 07:41 PM
BenzWorld Elite
 
mzsmbs's Avatar
 
Date registered: Sep 2004
Vehicle: 1972 Mercedes 250 (/8) W114/M130
Location: on a high bank of a creek
Posts: 7,296
Mentioned: 0 Post(s)
Quoted: 1 Post(s)
Quote:
Originally Posted by TNTRower View Post
II am sorry, I do not understand how our government can be dissolved.
i am sorry too. look into it, eh? it's quite easy.



in political asylum
mzsmbs is offline  
post #26 of 45 (permalink) Old 01-26-2009, 08:41 PM Thread Starter
BenzWorld Elite
 
elau's Avatar
 
Date registered: Oct 2002
Location: Maryland
Posts: 5,392
Mentioned: 0 Post(s)
Quoted: 4 Post(s)
(Thread Starter)
Quote:
Originally Posted by TNTRower View Post
I am sorry, I do not understand how our government can be dissolved. Since we do not have a parliament it would seem pretty difficult to me. Unless of course you were trying to say that President Bush was going to arrest Congress and throw them in jail, while declaring martial law.

Your article that is linked is about the Icelandic Parliament dissolving and holding new elections if you didn't know.

And as for the Bush did not enforce regulations crowd, please see this on Wikipedia. It is quite educational and goes to the crux of what I have been saying this entire time. This is not a democrat or republican issue, this is a CONGRESSIONAL MALFEASANCE issue.



Here is the link to Fannie Mae. Fannie Mae - Wikipedia, the free encyclopedia
TNT, my point is we are damn near with the same situation where people are fed up with high unemployment and high prices while diminishing value of our dollars. If conditions worsen, we may see pockets of rebellions break out in some of our cities (especially in those areas where high rate of jobs went up in smoke). Do you not believe that is a possibility? A revolt is no more than a meal/paycheck away. We just lost 71,400 jobs today, on top of the 2.5 millions.

'95 R129
'04 G35.5 BS
'10 X204
elau is offline  
post #27 of 45 (permalink) Old 01-26-2009, 08:47 PM
BenzWorld Elite
 
Date registered: Jul 2007
Vehicle: 1973 450 SL
Location: Castle Rock, CO
Posts: 5,453
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by elau View Post
TNT, my point is we are damn near with the same situation where people are fed up with high unemployment and high prices while diminishing value of our dollars. If conditions worsen, we may see pockets of rebellions break out in some of our cities (especially in those areas where high rate of jobs went up in smoke). Do you not believe that is a possibility? A revolt is no more than a meal/paycheck away. We just lost 71,400 jobs today, on top of the 2.5 millions.
I've been watching the layoffs as well and noticed that most of the announcements are from the private sector. What is missing are some announcements from the Obama administration about a federal hiring freeze, a pay freeze and layoffs from non-essential agencies. Just announcing that he is freezing the pay of anyone working in the White House making over $100grand is kinda lame, most symbolic.

Charter member of the Vast Rightwing Conspiracy and proud of it.

God Bless the America we're trying to create.
--Hillary Rodham Clinton
bottomline1 is offline  
post #28 of 45 (permalink) Old 01-26-2009, 10:51 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by bottomline1 View Post
I've been watching the layoffs as well and noticed that most of the announcements are from the private sector. What is missing are some announcements from the Obama administration about a federal hiring freeze, a pay freeze and layoffs from non-essential agencies. Just announcing that he is freezing the pay of anyone working in the White House making over $100grand is kinda lame, most symbolic.
You have recommendations or just the normal potshots?

What agencies would you start cutting and why?

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #29 of 45 (permalink) Old 01-26-2009, 11:02 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by Stuantle View Post
Dave,
Please point to the documented executive order issued by Bush 43 that created the current financial crisis.
You could start by looking at the five SEC commissioners picked by Bush who enacted the Consolidated Supervised Entities amendments in August 2004. That revamping of rules within the SEC provided a reduction of their oversight of the financial sector appreciably. There is an executive signing order for each.

Here is a link to the SEC Site that describes it, and a links below that describes its ramifications.

Office of International Affairs: SEC Rulemaking and Other Initiatives

http://www.nytimes.com/2008/09/27/business/27sec.html

SEC Announces End Of Consolidated Supervised Entities Program

From the NYTimes article:

WASHINGTON — The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.

The S.E.C.’s oversight responsibilities will largely shift to the Federal Reserve, though the commission will continue to oversee the brokerage units of investment banks.

Also Friday, the S.E.C.’s inspector general released a report strongly criticizing the agency’s performance in monitoring Bear Stearns before it collapsed in March. Christopher Cox, the commission chairman, said he agreed that the oversight program was “fundamentally flawed from the beginning.”



NOTE: The five major participants of the program have all failed or been reorganized.



.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #30 of 45 (permalink) Old 01-26-2009, 11:30 PM Thread Starter
BenzWorld Elite
 
elau's Avatar
 
Date registered: Oct 2002
Location: Maryland
Posts: 5,392
Mentioned: 0 Post(s)
Quoted: 4 Post(s)
(Thread Starter)
Quote:
Originally Posted by bottomline1 View Post
I've been watching the layoffs as well and noticed that most of the announcements are from the private sector. What is missing are some announcements from the Obama administration about a federal hiring freeze, a pay freeze and layoffs from non-essential agencies. Just announcing that he is freezing the pay of anyone working in the White House making over $100grand is kinda lame, most symbolic.
Huh! Colorado is a far off place from the epic center Washington D.C. As a suburbanite of the Capital, we see and hear more and realize that not everything happen locally made it to the national news. Yes, many Federal employees are on furlo. Not to mention many job postings in the OMB have since been canceled. Don't believe me? Just go to USAJobs.gov and check it out for yourself.

'95 R129
'04 G35.5 BS
'10 X204
elau is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Similar Threads
    Topic Author Forum Replies Last Post
    Why is McCain surging, Obambi declining? Voters are starting to pay attention! Jayhawk Off-Topic 28 08-25-2008 11:11 AM
    I'll pay more attention the next time I watch... Digmenow Off-Topic 3 04-06-2008 04:27 PM
    Damn it, this is really serious! Pay attention! Shane Off-Topic 3 01-02-2007 07:13 PM
    SEC with 383 stroker Chevy....Mike, pay attention!! brucemendel W126 S,SE,SEC,SEL,SD,SDL Class 17 05-02-2006 03:10 PM
    This bike is sick....chk out this mpeg- pay close attention to the speedo smoothb001 C208/A208 CLK-Class 4 02-03-2005 05:29 PM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome