Re: [VO]: Sub-prime submarines
From Richard, Unless, and this can be troubling ...we have already elected our last President. By executive order, the President can now put off the next election. Yes! the power is in place because executive orders now in place permit this if a national emergency is declared. The existing President can declare a national emergency just as he declared war in Afghanistan and Iraq. Richard Following up on the same source: There is the possibility that if McCain became incapacitated before the the elections are over the Republicans could wrangle a legal maneuver to stop the orderly succession of the executive branch. This is why I hope McCain will at least survives the elections. Incidentally, if this remote possibility does play out it would obviously mean that Bush would remain in office - and Bush S MUCH wants out. He's had it. After the Katrina disaster it finally dawned on him that the decider doesn't really have all that much executive power to to make national decisions, or to put it more succinctly, he has finally become more aware of the fact that few in his administration respect his decision making powers. It is my understanding that Bush actually wanted to send much more aid to NO than what was actually sent. He also wanted to make another public stance (a rousing speech) similar to what he did after 9/11 at ground zero. He felt he was at his best then. Apparently, his aids nixed those decisions primarily because NO is comprised mostly of poor non-republican voters. His aids told Bush the administration really doesn't have the extra man-power and supplies to spare since all of our national resources are currently up in Iraq right now fighting against the insurgency. Bush, instead, had to take it on the chin, so to speak, the brunt of the criticism as the press and public vilified his apparent lack of insight into handling the NO disaster. Apparently, Bush no longer thinks being the prez is all that much fun anymore. Owning another baseball team is probably looking a lot more attractive to Bush these days. Again, take this all with a grain of salt. I just hope McCain makes it through the elections. Regards Steven Vincent Johnson www.OrionWorks.com www.zazzle.com/orionworks
[VO]: Sub-prime submarines
Howdy Vorts, One can accept that liars can figure while figures don't lie.. well.. errr.. until we listen to Sec. Paulson explain how wonders can equal numbers while eating cucumbers... or numbers can perform wonders.. or.. err.. maybe I am just suspicious when anybody starts explaining how some poker chips just happened to fall off the table into sum'buddy's boot... but.. well,, the poker chips aren't real money.. err.. I mean.. well .. err.. we really don't know what the different chip colors mean because some may be counterfeit and some may belong to the saloon across the street.. but trust me.. We can get it all straightened out if the Dime Box Saloon bartender will sign this piece of paper.. well.. err.. yes, the amount is not filled out because we have some trustworthy people working on the numbers. We have the most experienced people working on it.. people that have been in Wall street for years and know how to solve problems like this.. trust me. Oh! Don't forget when you sign at the bottom to read the fine print on the back.. it's a guarantee and insured by AIG. THis is what happens when Ivy League people neglect to read ole Nick Machivelli's book. Richard
Re: [VO]: Sub-prime submarines
Ron Wormus wrote: . . . a single sentence of thirty-two words, but it represents a significant consolidation of power and an abdication of oversight authority that's so flat-out astounding that it ought to set one's hair on fire. It reads, in its entirety: Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency. Many people have noticed this! I doubt it will be included in the final bill. The measure will run up the budget deficit by a significant amount, with no guarantee of recouping the outlay . . . Well, it won't be entirely lost, even in the worst case. The properties are worth something. I think the worst are worth perhaps half or one-tenth as much as their present value. The taxpayers are likely to lose $200 billion or so, I think. In some previous bailouts, such the Chrysler bailout, the government ended up making money. Bailouts are still a bad idea in my opinion, but people should realize that the entire amount is not at risk. Some undefinable fraction of it is. - Jed
Re: [VO]: Sub-prime submarines
On Sep 23, 2008, at 11:41 AM, Jed Rothwell wrote: Ron Wormus wrote: . . . a single sentence of thirty-two words, but it represents a significant consolidation of power and an abdication of oversight authority that's so flat-out astounding that it ought to set one's hair on fire. It reads, in its entirety: Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency. Many people have noticed this! I doubt it will be included in the final bill. While I agree you are probable right Jed. However, you can be sure that the people who have a stake in how the system works and are interested in increasing their control, will not ignore a chance to increase their power. As a result, we are becoming less of a democracy, which is probably a good thing in view of how little thought or knowledge goes into the choice of president. The measure will run up the budget deficit by a significant amount, with no guarantee of recouping the outlay . . . Well, it won't be entirely lost, even in the worst case. The properties are worth something. I think the worst are worth perhaps half or one-tenth as much as their present value. The taxpayers are likely to lose $200 billion or so, I think. In some previous bailouts, such the Chrysler bailout, the government ended up making money. Bailouts are still a bad idea in my opinion, but people should realize that the entire amount is not at risk. Some undefinable fraction of it is. Most agree, the fraction of worthless assets is much higher than ever before. In addition, the country is too weak in other respects to make a recovery possible. A country does not create a huge debt at all levels, then ship much of its manufacturing ability overseas, and then allow other countries to acquire the power that comes with owning so many dollars without paying a great price when the house of cards falls. Bush has created a perfect storm. I hope the people who elected and supported him are pleased. Ed - Jed
Re: [VO]: Sub-prime submarines
Jed, There needs to be more transparency. How many mortgages are actually in default? I heard less than 20%. Why not just pay those off from the bottom up instead of rescuing all these guys who leveraged themselves at 30:1? I don't trust Bush his gang of theives. I see it as a last theft before they head out the door. Anyway we can now spam Nigerians: Dear Sir: I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude. I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you. I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe. This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred. Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to [EMAIL PROTECTED] so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds. Yours Faithfully Minister of Treasury Paulson --On Tuesday, September 23, 2008 1:41 PM -0400 Jed Rothwell [EMAIL PROTECTED] wrote: Ron Wormus wrote: . . . a single sentence of thirty-two words, but it represents a significant consolidation of power and an abdication of oversight authority that's so flat-out astounding that it ought to set one's hair on fire. It reads, in its entirety: Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency. Many people have noticed this! I doubt it will be included in the final bill. The measure will run up the budget deficit by a significant amount, with no guarantee of recouping the outlay . . . Well, it won't be entirely lost, even in the worst case. The properties are worth something. I think the worst are worth perhaps half or one-tenth as much as their present value. The taxpayers are likely to lose $200 billion or so, I think. In some previous bailouts, such the Chrysler bailout, the government ended up making money. Bailouts are still a bad idea in my opinion, but people should realize that the entire amount is not at risk. Some undefinable fraction of it is. - Jed
Re: [VO]: Sub-prime submarines
At 03:47 PM 9/23/2008, Ron Wormus wrote: Jed, There needs to be more transparency. How many mortgages are actually in default? I heard less than 20%. Amen to that. As I said, the quickest way to separate the sheep from the goats would be to demand that any company that participates in bailout must first liquidate and go into Chapter 11. Companies know how much money they have lost. (Or if they don't, they are a lost cause.) The basket cases will come forward and let the government handle the fire sale. I love your letter! - Jed
Re: [VO]: Sub-prime submarines
In reply to Edmund Storms's message of Tue, 23 Sep 2008 12:05:37 -0600: Hi, [snip] I hope the people who elected and supported him are pleased. [snip] He was voted for by lots of people, but he was never elected, as both elections were rigged. Regards, Robin van Spaandonk [EMAIL PROTECTED]
Re: [VO]: Sub-prime submarines
On Sep 23, 2008, at 5:55 PM, Robin van Spaandonk wrote: In reply to Edmund Storms's message of Tue, 23 Sep 2008 12:05:37 -0600: Hi, [snip] I hope the people who elected and supported him are pleased. [snip] He was voted for by lots of people, but he was never elected, as both elections were rigged. True, but small comfort. Nevertheless, this rigging would not have been effective if the election had not been so close. Now we have another close election, which demonstrates the total irrational thinking of at least 1/2 of the population. Ed Regards, Robin van Spaandonk [EMAIL PROTECTED]
Re: [VO]: Sub-prime submarines
Since we are speculating on presidential outcomes I thought this might be a good opportunity to share the opinions of a blatantly unscientific and unverified source - particularly insofar as this source's take on the election. Please take the following predictions with a grain of salt. ;-) The election will not be close. The democrats including presidential VP candidates Obama Biden will win by an unprecedented landslide this November. The reason the polls have appeared so close is that the pollsters are favoring the polling of undecided voters, which greatly skews the actual numbers. A new Republican presidential administration only has somewhere around a 10% chance of winning the presidential office this November. However, (and this is the really frightening point, from my POV) if the Republicans do manage to pull it off and win the presidential office, the age of the candidate, combined with pressures of acting as president, combined with PTSD (a diagnosis which BTW was never officially diagnosed because it would have ended McCain's political career decades ago), combined with a past history of a virulent form of cancer which is still in his body, will likely conspire and finish McCain off within a year after assuming the office. On top of that McCain isn't all that enthusiastic about being president. He accepted the role because his party asked him to, and being the good soldier that he is he wishes to serve his country. Meanwhile, Palin has picked up on most of these cues. It's why she accepted the VP position. She knows that it's likely that within a year of assuming the VP, she would then be president - without actually having to work at it. Shrewd. And now back to regularly scheduled programming. Regards, Steven Vincent Johnson www.OrionWorks.com www.zazzle.com/OrionWorks
Re: [VO]: Sub-prime submarines
Good analysis Steven. I hope you are right. Ed On Sep 23, 2008, at 7:55 PM, OrionWorks wrote: Since we are speculating on presidential outcomes I thought this might be a good opportunity to share the opinions of a blatantly unscientific and unverified source - particularly insofar as this source's take on the election. Please take the following predictions with a grain of salt. ;-) The election will not be close. The democrats including presidential VP candidates Obama Biden will win by an unprecedented landslide this November. The reason the polls have appeared so close is that the pollsters are favoring the polling of undecided voters, which greatly skews the actual numbers. A new Republican presidential administration only has somewhere around a 10% chance of winning the presidential office this November. However, (and this is the really frightening point, from my POV) if the Republicans do manage to pull it off and win the presidential office, the age of the candidate, combined with pressures of acting as president, combined with PTSD (a diagnosis which BTW was never officially diagnosed because it would have ended McCain's political career decades ago), combined with a past history of a virulent form of cancer which is still in his body, will likely conspire and finish McCain off within a year after assuming the office. On top of that McCain isn't all that enthusiastic about being president. He accepted the role because his party asked him to, and being the good soldier that he is he wishes to serve his country. Meanwhile, Palin has picked up on most of these cues. It's why she accepted the VP position. She knows that it's likely that within a year of assuming the VP, she would then be president - without actually having to work at it. Shrewd. And now back to regularly scheduled programming. Regards, Steven Vincent Johnson www.OrionWorks.com www.zazzle.com/OrionWorks
Re: [VO]: Sub-prime submarines
Steven You may be underestimating the level of closet racism in the USA. But lest we deplete the ranks of vorticians even further - why not at least label this kind of political post as off-topic?
Re: [VO]: Sub-prime submarines
But Obama is a smoker whose parents died early in life. And Biden has suffered two brain aneurysms. If they both die, guess who's the prez? (But everyone knew her as Nancy.) Prediction: Considering Biden's latest performances, after the VP debate, he will pull out due to health reasons and then . . . guess what?! (Boy girl boy girl) Terry On Tue, Sep 23, 2008 at 8:55 PM, OrionWorks [EMAIL PROTECTED] wrote: Since we are speculating on presidential outcomes I thought this might be a good opportunity to share the opinions of a blatantly unscientific and unverified source - particularly insofar as this source's take on the election. Please take the following predictions with a grain of salt. ;-) The election will not be close. The democrats including presidential VP candidates Obama Biden will win by an unprecedented landslide this November. The reason the polls have appeared so close is that the pollsters are favoring the polling of undecided voters, which greatly skews the actual numbers. A new Republican presidential administration only has somewhere around a 10% chance of winning the presidential office this November. However, (and this is the really frightening point, from my POV) if the Republicans do manage to pull it off and win the presidential office, the age of the candidate, combined with pressures of acting as president, combined with PTSD (a diagnosis which BTW was never officially diagnosed because it would have ended McCain's political career decades ago), combined with a past history of a virulent form of cancer which is still in his body, will likely conspire and finish McCain off within a year after assuming the office. On top of that McCain isn't all that enthusiastic about being president. He accepted the role because his party asked him to, and being the good soldier that he is he wishes to serve his country. Meanwhile, Palin has picked up on most of these cues. It's why she accepted the VP position. She knows that it's likely that within a year of assuming the VP, she would then be president - without actually having to work at it. Shrewd. And now back to regularly scheduled programming. Regards, Steven Vincent Johnson www.OrionWorks.com www.zazzle.com/OrionWorks
Re: [VO]: Sub-prime submarines
Unless, and this can be troubling ...we have already elected our last President. By executive order, the President can now put off the next election. Yes! the power is in place because executive orders now in place permit this if a national emergency is declared. The existing President can declare a national emergency just as he declared war in Afghanistan and Iraq. Richard Good analysis Steven. I hope you are right. Ed On Sep 23, 2008, at 7:55 PM, OrionWorks wrote: Since we are speculating on presidential outcomes I thought this might be a good opportunity to share the opinions of a blatantly unscientific and unverified source - particularly insofar as this source's take on the election. Please take the following predictions with a grain of salt. ;-) The election will not be close. The democrats including presidential VP candidates Obama Biden will win by an unprecedented landslide this November. The reason the polls have appeared so close is that the pollsters are favoring the polling of undecided voters, which greatly skews the actual numbers. A new Republican presidential administration only has somewhere around a 10% chance of winning the presidential office this November. However, (and this is the really frightening point, from my POV) if the Republicans do manage to pull it off and win the presidential office, the age of the candidate, combined with pressures of acting as president, combined with PTSD (a diagnosis which BTW was never officially diagnosed because it would have ended McCain's political career decades ago), combined with a past history of a virulent form of cancer which is still in his body, will likely conspire and finish McCain off within a year after assuming the office. On top of that McCain isn't all that enthusiastic about being president. He accepted the role because his party asked him to, and being the good soldier that he is he wishes to serve his country. Meanwhile, Palin has picked up on most of these cues. It's why she accepted the VP position. She knows that it's likely that within a year of assuming the VP, she would then be president - without actually having to work at it. Shrewd. And now back to regularly scheduled programming. Regards, Steven Vincent Johnson www.OrionWorks.com www.zazzle.com/OrionWorks No virus found in this incoming message. Checked by AVG - http://www.avg.com Version: 8.0.169 / Virus Database: 270.7.1/1686 - Release Date: 9/23/2008 7:38 AM
