Gaar, Yes I do accuse you of it. Would you like to see me do it again?
On Sep 17, 2:15 pm, Gaar <[EMAIL PROTECTED]> wrote: > As I just said holly... > > It is YOU and YOURS that are SHOWN HERE to do such things, day in and > day out. > > You do it as bad as any other Loony Liberal here, and worse. > > Instead of addressing ANY point, you like to attack the other Members > and make each discussion about semantics. > > And then you accuse others of having a bias and not ceding any point. > > Imagine that. > > On Sep 17, 7:46 am, Hollywood <[EMAIL PROTECTED]> wrote: > > > > > Frank, > > > Gaar is an example of the black/white "your either for us or against > > us" thinking advocated by the Bush conservatives. Admitting or > > conceding fault or error is almost impossible for them. > > The psychology of American politics is simplicity itself. It has no > > goal other than to obtain and hold onto as much power as possible and > > use that power to enrich your friends that helped you gain and hold > > onto that power while avoiding any negative consequences for HOW you > > obtained that power and then used it. And all the time deluding > > yourself, and others, that all you do is REALLY for the good of "the > > people". > > > On Sep 17, 9:32 am, Frank <[EMAIL PROTECTED]> wrote: > > > > Yeah , but In the end I up in the asylum for attempting a bi-partisan > > > conversation based on statistics etc from capitalist economists who he > > > would gladly quote if it suited him. The psychology of politics is > > > fascinating, there is nothing Gaar is willing to concede, no matter > > > how obviously compromised or ridiculous his arguments end up. > > > > On Sep 18, 12:19 am, Hollywood <[EMAIL PROTECTED]> wrote: > > > > > Frank, > > > > > Yeah, I know. But ii IS fun to rattle his cage as frequently and as > > > > violently as possible. > > > > > On Sep 17, 9:08 am, Frank <[EMAIL PROTECTED]> wrote: > > > > > > Gaar is unbelievable, Frank said, and I quote for the third time now. > > > > > "the near-worthless subprime mortgage-backed securities" I do err, as > > > > > do we all, but II try to be as accurate as possible. > > > > > > On Sep 16, 11:25 pm, Hollywood <[EMAIL PROTECTED]> wrote: > > > > > > > Gaar, > > > > > > > Your right, Frank should have said "almost worthless". Picky, picky, > > > > > > picky. > > > > > > > On Sep 16, 2:10 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > > > > > Falling 20, 30 or even 50% does NOT make them "Worthless". > > > > > > > > That was YOUR word, right? > > > > > > > > On Sep 16, 12:05 am, Frank <[EMAIL PROTECTED]> wrote: > > > > > > > > > You are such a dodo Gaar. Why are the banks in trouble? Because > > > > > > > > of sub- > > > > > > > > prime defaults and the devaluation in property values that NO > > > > > > > > longer > > > > > > > > cover the amounts borrowed from the banks. Property prices have > > > > > > > > fallen > > > > > > > > by up to 20% in some ares and will continue to fall as a glut of > > > > > > > > property comes onto the market pushing down values further. > > > > > > > > That's why > > > > > > > > they don't know the value of the bundled security packages, > > > > > > > > because > > > > > > > > they consist of defaulted properties and those that have fallen > > > > > > > > in > > > > > > > > value. The banks sell the property and still loose money. > > > > > > > > > There is already hundreds of thousands of homes the banks can't > > > > > > > > shift > > > > > > > > that have defaulted as well as new properties that buyers can't > > > > > > > > be > > > > > > > > found for, putting more downward pressure on prices. The IMF > > > > > > > > expects > > > > > > > > property prices to fall by up 30% > > > > > > > > > Today's lesson over. > > > > > > > > > On Sep 16, 4:53 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > > > > > > > Worthless? > > > > > > > > > > You understand that Mortgages are "Backed" by the very > > > > > > > > > property they > > > > > > > > > are Financing, right? > > > > > > > > > > Someone is going to get some Properties at some Fire Sale > > > > > > > > > prices... > > > > > > > > > > On Sep 15, 11:44 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > > > > > > > More US corporate bailouts on the way > > > > > > > > > > By Barry Grey > > > > > > > > > > 16 September 2008 > > > > > > > > > > > The US government, brushing aside its constant invocations > > > > > > > > > > of “private > > > > > > > > > > enterprise,” has dispensed hundreds of billions of dollars > > > > > > > > > > in cheap > > > > > > > > > > loans to prop up the banks. Last March, the Federal Reserve > > > > > > > > > > Board paid > > > > > > > > > > JP Morgan Chase $29 billion to take over the investment > > > > > > > > > > bank Bear > > > > > > > > > > Stearns when Bear was on the verge of declaring bankruptcy. > > > > > > > > > > > Only a week ago, the US Treasury committed at least $200 > > > > > > > > > > billion in > > > > > > > > > > taxpayer funds in the government takeover of Fannie Mae and > > > > > > > > > > Freddie Mac > > > > > > > > > > —a move that makes the government responsible for the two > > > > > > > > > > companies’ > > > > > > > > > > combined $5.3 trillion in mortgage liabilities. > > > > > > > > > > > The claims that the government, in allowing Lehman Brothers > > > > > > > > > > to > > > > > > > > > > collapse, has “drawn the line” on further taxpayer bailouts > > > > > > > > > > of failing > > > > > > > > > > corporations are false. The government decided to let > > > > > > > > > > Lehman fail, in > > > > > > > > > > part, to conserve the dwindling funds at the disposal of > > > > > > > > > > the Federal > > > > > > > > > > Reserve and calibrate hand-outs from the Treasury—which > > > > > > > > > > faces record > > > > > > > > > > budget and trade deficits and a soaring national debt—to be > > > > > > > > > > used to > > > > > > > > > > rescue more strategic companies. > > > > > > > > > > > The Fed has reportedly agreed to widen its bailout of Wall > > > > > > > > > > Street by > > > > > > > > > > accepting, in return for low-cost loans to both commercial > > > > > > > > > > and > > > > > > > > > > investment banks, even more dubious forms of collateral, > > > > > > > > > > including > > > > > > > > > > shares of stock whose value has collapsed and > > > > > > > > > > mortgage-backed > > > > > > > > > > securities that can be sold on the market only for pennies > > > > > > > > > > on the > > > > > > > > > > dollar. > > > > > > > > > > > There are growing calls on Wall Street and in the financial > > > > > > > > > > press for > > > > > > > > > > the government to directly buy the near-worthless subprime > > > > > > > > > > mortgage- > > > > > > > > > > backed securities and other collapsing credit instruments > > > > > > > > > > that are > > > > > > > > > > undermining the balance sheets of major financial > > > > > > > > > > companies. With the > > > > > > > > > > government takeover of Fannie Mae and Freddie Mac—which was > > > > > > > > > > sanctioned > > > > > > > > > > in advance by the Democratic Congress—the legal and > > > > > > > > > > structural > > > > > > > > > > framework is in place for this wholesale government bailout > > > > > > > > > > of the > > > > > > > > > > banking system.- Hide quoted text - > > > > > > > > > - Show quoted text -- Hide quoted text - > > > > > > > > - Show quoted text -- Hide quoted text - > > > > > > - Show quoted text -- Hide quoted text - > > > > - Show quoted text -- Hide quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. 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