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Too Big To Fail Bank Bill Killed By Bought Politicians
Posted by admin on May 14th, 2010
Posted in Banking 
Tags: Administration, America, bailout, Bailouts, Banking, banks, big, campaign, chris, coburn, Committee, corporatists, crash, Democrats, dood, door, Economic, economy, emanuel, Finance, Financial, geithner, government, jmpc, list, lobbyists, obama, rahm, reform, Republicans, revolving, richard, senate, senators, shelby, street, summers, taxpayers, votes, wall
@luvcheney1 You again?
By who you say? GS, Citi, and other too many politically influencial companies (can name them all). The bush Adm and these idiotic wall street fat jocks from 2000 to 2007, messed up the market. I love capitalism but if is handled with irresponsibilities and no regulation, then get ready for another market meltdown.
@luvcheney1 The Fed IS part of the Banksters! And they have been since they illegally formed in 1913! Reference Max Keiser who has a trade patent and knows that Goldman Sachs and Morgan Stanley flexed their muscle and scared the politicians to death last Thursday. This is associated with the financial reform legislation threat, not silly little Greece.
@luvcheney1
And where was B of A before the bailout? Nearly dead. Who can you thank for that? Just this “friendly” bank called Goldman-Sachs. But hell I mean, losing trillions in fraudulent investments and bringing the world economy to its knees isnt that bad. I can just let them slide. Why? Because they’re so big and they’ll never fail and we’ll all be dandy.
@luvcheney1 For the third time, “rich a-holes gambling with our economy.”
IN case your slow, the point once again is that there is a massive difference between investment and speculation which is what wall street was doing, which is why the econ imploded. DO you know the difference? That is what you apparently need to know.
Your seriously trying to compare ancient mesopotamia to what occured with the current economic meltdown!!? Your stone cold nuts!!!
Dont propose breaking up banks and expect nobody to take a shot at you. Many retired pensioners own bank shares, little old ladies and such. Govt employee union pension funds, private corps, mutual funds. The Idea of “rich” bankers is actually little old ladies with blue hair and walkers, waiting for a dividend check. B of A has quadrupled in 1 year, sonny.
@tryanjohnson Who owns the banks? Oh, shit, pension funds do, so probably union pensioners do, and mutual fund old ladies. Govt and private.
@tryanjohnson I am a right winger who is totally invested in GLD, SLV, and 20 “Junior” gold mine stocks, and the EU bailout is proving the inevitable inflationary collapse. Gold is up. I made about $5900 today. Brainwashed? Dont “waist” my time? My “waist” is 48 inches, and I “waste” my time because my portfolio was up 75% in 2009, and I am liking the collapse of Greece, I will have another fine year, it seems. So, work isnt necessary, I am brainwashed, and making a living at it.
@luvcheney1
I dont work at Jack in the Box, there are none where I live. And just because of your account name, you have absolutely no say in anything. So would you kindly fuck off? Thank you.
@tryanjohnson The word “monopoly” is derived from the word “mono”, meaning one. There are a lot of homes in the US, most have a mortgage, and most have declined so much that mortgages have less or no value. Financial institutions own mortgages. Banks became insolvent because Americans couldnt pay their debts. Now, Europe cant pay their debts. All world debt is going to be repudiated, the spending, deficit, borrowing, entitlement game is over. Printing $, “bailouts” just prolongs the agony. Fin
@zknix20 Of course it does, you work at Jack in the Box.
Their debt already has been.
Remove “Banksters” from your first sentence, and insert the truth, Fed Govt, in its place. The 1000 point plunge was a growing fear in investors about the reality of the European model of govt (Social Democracy) going down the toilet. Computer programed trades were executed as the market weakened in response to realization that bank bailouts are now nation bailouts. The worlds central banks still need to print, print, print to stave off collapse. All debt is trash now. Gold up $32 today…
The Banksters have privatized profits & socialized losses via bailouts.
The Thursday 1,000 point plunge was a power move by the Banksters to show the politicians that they better forget about any type of reform on derivatives and credit default swaps. The timing was not a coincidence..totally controlled and meant to intimidate. May 6th, 2010, was a day of financial terrorism…a day that will live in infamy. It’s Goldman Sachs & JP Morgan’s world…and we’re just living in it.
Put the crisis in the order it happened. Home prices stalled, mortgages reset, foreclosures started, prices fell faster, more mortgages went bad, and so on. When the quantity of bad mortgages began to grow rapidly, these bank “assets” became worthless, causing insolvency. Financial institutions hold mortgages, so when they go very, very bad, the institutions go very bad. Who else should hold mortgages? Perhaps we should outlaw mortgages, require cash pay only.
Most investors (serious ones) use at least a sell stop. Big hedge funds, banks use complicated computer programs that generate automatic buy/ sell signals too. I just set a sell stop 15% behind my position, and keep pushing it higher as my position goes up. Simple, stupid? I made 75% in 2009, you judge. The news the EU/ Greece is so in debt to never pay it off finally caused a wave of selling, triggering these programs, and then a flood of sell orders could find no buyers. Big Deal.
@mikez565 Yes, they made the mistake of investing in the mortgages of the American public. Being that stupid does qualify you for being shot. Fucking grease bag Americans have no honor to pay off a debt.
@lapiz4azulli By who? Banking is a very highly regulated industry, so is oil. Govt is inept.
You are off track, use real examples. In the case of SO, market share was 90%, fell to 60% at time of breakup, because oil fields in Texas, and Calif were opened up by other oil companies. And, at the breakup, there were over 100 other corps in the business. SO`s 60% share (100 competitors is monopoly?) was in decline. You state once a monopoly is established, it is extremely difficult to enter, yet that is EXACTLY what happened, before the Anti trust. 1860 kerosene over $2gal, 1911 six cents.
@luvcheney1 There is no profit to be made if it is made impossible to profit from a venture. Aside from the fact start up costs to compete with a monopoly are enormous you have to compete against a brand that is solidified nationally or globally. Not to mention, big monopolies often times use unscrupulous tactics you can’t.
How is capital restricted on moving? If there is profit to be made, capital will flow there. Explain how that is stopped, here, in the US?
Since when is it against the law to keep someone off your property? To buy another company? Big companies buy smaller ones all the time, and you gain customers, and merge the costs into your existing systems, and so you make more money, are more competitive. Breaking SO into 34 companies raised costs. Customers paid those costs. BTW, SO market share was declining, fell already from 90% to 60% by time of breakup. That is not a monopoly. Over 60 competitors.
Banks, hedge funds held mortgages that went bad, because housing lost value. Please explain how 1 big bank with 100 bill in worthless mortgages is worse than 10 smaller banks with 10 bill each in worthless mortgages. You still have 100billion in bad mortgages. WHY there was a housing bubble ( no bubble, no bust) would be more instructive. Who pushed for lower lending standards, and who provided the increased credit that enabled home prices to keep rising? Someone had to own the mortgages.
@luvcheney1 Again. You simply have no concept of market entry mechanics. There is a huge difference between opening a coffee shop on the street corner to compete with starbucks and trying to create an entire infrastructure to make an oil company.
Capital is not free to move. It’s subject by those who have power. A monopoly can lock out competition because it controls the market. Stop being ignorant.
@CommandoDude Utilities are a special category, and if several corps had to lay different sets of electric lines, that would be duplication of costs. So, the govt gives a monopoly, and then regulates prices. In Calif, electric companies are always telling us not to use their product, and shortages occur during hot days with rolling blackouts. If capital is free to move, any corp is vulnerable to new competition, and poor products, high prices open the door to others entering the market.