Thread: Bush Goes AWOL

Originally Posted by bkkandrew

I wouldn't think so, I get a red per day from that pr1ck...

Thanks for the reminder

Originally Posted by bkkandrew

But it will mean nationialisation in reality.

I think it's an oversimplification, AIG got a Fed loan in exchange of Warrants, they will probably not be exercised, and the loan will be paid back eventually, the government is not the shareholder, they just hold equity derivatives as collaterals

Originally Posted by bkkandrew

you go and buy your Government car, insure it with your Government insurance policy and finance it with your Government loan, which you pay back from your Govenment owned bank, using money from a Government rebate cheque!

Eventually it would make a lot of sense to nationalize, I mean really nationalize all those banks. It's obvious that deregulation doesn't work. Bank service has never been so poor, management confuses their real clients with shareholders, this shit had to stop. Nationalize all the banks, restore real Banking service, not the silly crap that we have these days, and things will turn around. Banking is a strategic industry, they can't be let in the hands of corrupted barrons, it's the life blood of our economy.

Banks should be under strict government control, make a tiny regulated profit so they don't attract all those crooks shareholders, and provide banking service to the public like they are supposed to do. Banks should be a national public service, like electricity and water.

^ Vive la USA. And bye bye self-determination and self-responsibility.

Originally Posted by Sir Burr

Anything bad happens and Dubya is like a deer caught in the headlights.

Response to 9/11 - Carry on reading childrens book.

Response to Katrina - None until he was poked with a cattle-prod.

Response to Financial Melt-Down - None.

One of Bush's people at the school was interviewed for NPR. Sorry, I don't recall his name. He explained Bush was signaled to remain seated until they had more information. Whether that's a lie I don't know.

Bush asked the Governor of Louisiana if she wanted to declare an emergency in order to allow the feds to take over operations. She kept hemming and hawing. She wouldn't give him an answer. I picture her on two phones. One with Bush the other with her Good Old Boys who are shouting in her ear, "Don't you let go of the reins! The relief money has got to go through state hands so we can skim off of it!"

Article says Fed money shipped to rebuild Louisiana is getting robbed by the locals.

t r u t h o u t | Billions in Katrina Relief Funds Missing


Bush's Treasury Secty has come up with a plan today concerning the bad Fanny Mae/Freddie Mac loans et al.. AIG was holding 500 million plus in bad loans made by Fanny Mae. You guys know that the two heads of Fanny Mae that were fired are part of Obama's advisory team, Johnson and Raines?

Originally Posted by Jet Gorgon

And bye bye self-determination and self-responsibility.

it never works, that's why you need regulations, self-regulated industries in high growth sectors always lead to abuses, it just doesn't work

Originally Posted by Butterfly

Banks should be under strict government control, make a tiny regulated profit so they don't attract all those crooks shareholders, and provide banking service to the public like they are supposed to do. Banks should be a national public service, like electricity and water.

Hopefully a middle way can be found.

One thing is for sure- commercial and investment banks have stuffed it up, badly. FNMA and GNMA have stuffed up, badly. Many insurance companies also. Deregulation has not worked, and the free market has failed in the banking and finance industry.

The people behind this failure are also the highest paid executives in human history. Greed is not good- a change of culture is needed.

Originally Posted by Sir Burr

Originally Posted by Texpat

He's not an economist. He's not an astronaut either or a shoe salesman.

Frankly I'm glad he's saying nothing.

Shouldn't he at least consult with economists and financial specialists, then issue a statement?
It's called leadership.

This crisis has been in the making for quite some time. Bush has been trying to get the dem congress to take some actions. Unfortunately nearly all of them are in the pockets of Fannie and Freddie.

Our knee jerk dems are doing their well rehearsed knee jerk blame Bush dance. So much for deep thinking or creativity.

Originally Posted by Mr Earl

This crisis has been in the making for quite some time. Bush has been trying to get the dem congress to take some actions.

or perhaps you've got a link?

Originally Posted by raycarey

or perhaps you've got a link?

Forget how to google?

Originally Posted by Mr Earl

Forget how to google?

forget how things work here?



back up your post with a link that "bush has been trying to get the dem congress to take some actions" "for quite some time" on the credit crisis.

or you could just run off like a scared little girl.

When I read the title I was as happy as when I read the one about Thatcher's funeral . . . . only to be disappointed again.

Originally Posted by Jet Gorgon

^ Vive la USA. And bye bye self-determination and self-responsibility.

Under GOP rule . . . socialism comes to rescue the USA . . . . Gotta love the irony.
Self-regulation for the greediest of greedy doesn't work.

Fukk-a-dukk . . . Enron and ------------------------------- I can't even name the others, there are too many, bankrupt, mismanaged, defrauding or foreclosed or whatever . . . not a healthy way to be.

Bush Called For Reform of Fannie Mae & Freddie Mac 17 Times in 2008 Alone... Dems Ignored Warnings

^ he is the president, isn't it ? can't get anything done ?

good boy earl.