On Thu, Sep 18, 2008 at 12:38 PM, Gruss Gott <[EMAIL PROTECTED]> wrote:
> (2.) He loaned $35,000 against it. How could he get $35k with only > $1k in collateral? Because gov't regulation against banks is > non-existent. The banks are regulated by the Senate Banking Committee. They just didn't do it right because the regulators got paid off. > (3.) Then he bet it all on junk housing. Why? Cause it was a > short-term sure thing. Forced to give bad loans to low income families due to Democrat policies. > (4.) Made tons of dough since a 1% rise on the loaned money bet is a > 35% rise against his own money > > (5.) Bet, cash, repeat. Until it crumbles. Then you walk away > delivering the problem to other banks and the tax payer. > > And you cash that you skimmed from your junk bet operation is legal > AND only taxed at the 15% capital gains rate rather than the 35% > income tax rate because - repeat it with me here: > > These are the people that make all the money so we shouldn't regulate > them or tax them. Small business is what makes the money, not greedy bankers. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:270036 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
