With the shrub pitching and paulson catching that ball is going over the backstop.
bumpkis
· 1 year ago
Past ball....down in the dirt.....off the foul pole.....air ball...oops, not that one.
jimfromthefoothills
· 1 year ago
Thank you for the post Chris. What Paulson is trying to do is move all government regulations to the Federal Reserve. the Federal Reserve is a bank that is owned by its shareholders... member banks.
So this is a move to let the banks completely self-regulate. Did anyone get to vote on whether the government should bail out Bear Stearns? Sorry, the Fed made that decision for us.
cowboyneok
· 1 year ago
Speaking of Shrub pitching, it was said he spent hours on the White House lawn practicing the pitch. Funny, if he put that much effort in some of his policies and speeches maybe he would be as successful? Although, he was massively booed, he didn't bounce the pitch. Of course, all that tax payer financed practicing to throw out the first pitch was all about protecting his fragile ego. We have to remember Bush got his first million by shaking down money from the average tax payer to fund the Ranger's ballpark in Arlington, TX.
He should have taken the Brave's advice and worn their jersey. Bush said he didn't want to give them more of an excuse to get booed. Had he worn the Brave's jersey, he would have HAD an excuse since he DID get booed.
Ambo Crocker said to be moving the US Embassy OUT of the GreenZone to a temporary location.....
He is already in deep shit .....
LeslieB
· 1 year ago
Good for Senator Dodd! I hope his thoughts are shared by the majority of Congress and they stop Paulson.
SINGING_TROLL
· 1 year ago
The Green Zone is for loading and unloading only. Please refrain from parking in the Green Zone. The Red Zone is the new Green Zone that's open. Not to be confused with the old Green Zone, which is closed.
Bush_Bites
· 1 year ago
Obama warns Bernanke of the coming mortgage crisis in March 2007:
You notice that Bush left the country right after this announcement. Just like Bush, create a mess and fly the coup. This time it will still be here when he gets back. And this time, maybe just maybe, the Dem Congress will stick together and call this BS.
Bush_Bites
· 1 year ago
WASHINGTON - Hillary Rodham Clinton's campaign manager, Maggie Williams, earned about $200,000 on the board of a Long Island subprime lender that charged prepayment penalties - a practice that Clinton, a critic of the subprime industry, now seeks to eliminate.
Williams, who took over the reins of Clinton's campaign in early February, served as a director on the board of the Woodbury-based Delta Financial Corp. from April 2000 until the firm declared bankruptcy in December, according to Securities and Exchange Commission records.
"BAGHDAD - When American soldiers get off duty in Iraq, the men usually return to their quarters, the women to theirs. But Staff Sgt. Marvin Frazier gets to go back to a small trailer with two pushed-together single beds that he shares with his wife. In a historic but little-noticed change in policy, the Army is allowing scores of husband-and-wife soldiers to live and sleep together in the war zone "
Of course, if you are a gay couple in the war zone, you can't tell anyone so you won't be getting any special trailer to live and sleep together. "Don't Ask/Don't Tell" doesn't work. All that talk abou the Army not being a "social experiment" is laughable considering setting up trailers for straight married soldiers is a "social experiment" if I ever saw one!
tlsintx
· 1 year ago
cowboy-
isn't that special. hets get special rights and gays get to hide in the closet.
LeslieB
· 1 year ago
tlsintx 18 minutes ago giving the Federal Reserve more authority over Wall Street? fox in the chicken coop?
No, Fox, Inc. running the chicken coop!
TruthCounts
· 1 year ago
Dodd needs to admit that Hillary's policy proposal on this is also flawed. Just like when Billy boy almost bankrupt the economy with the risky internet bubble, Shillary too is proposing a completely flawed plan. Billary knows no more about economics than my pet dog.
tlsintx
· 1 year ago
off topic, but it needs to be repeated: McMoreWar is a bigger neocon than bushco. he's no centrist. don't be fooled.
Paulsen is ex-goldman and he will go back there in a year. He doesn't care two shits about this country... only goldman profits.
Andrew
· 1 year ago
Dodd is right in that what was proposed today by Paulson does nothing to quell the current problems in the mortgage industry and does even less with regard to oversight and regulation when it comes to banks and the big boys on Wall Street. After talking to friends in Europe, we are now looked at as a banana republic whose standard of living is deteriorating faster than a speeding bullet. If you haven't noticed, the EU has been increasing their interest rates while here we're lowering them. As they continue to fall, more and more dollars are sent into the market which increases inflation which is actually running closer to 10% rather than the 2% that the government admits to. There can be little doubt bailing out banks at tax payer expense is not a solution. it may be great for the banks to have made lousy investments with the knowledge that good old Uncles Sam would come to the rescue, but now is exactly the time in our history that the rug should be pulled out from under the banks and let them fail. Once a bank becomes insolvent, then change its charter from a Federal Reserve to a new US Treasury bank whose funds are then backed by gold and silver as the Constiution calls for, not a central bank. Good old Greenspan may have studied at the feet of Ayn Rand, but before Mr. McGoo became a political hack for the Republicans he knew better. In his own words dating back to 1966...... “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all their bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.” – “Gold and Economic Freedom” – 1966 by Dr. Alan Greenspan
Andrew
· 1 year ago
Here's a thought folks. Cut and paste this little snippet from Greenspan and send it to Senator Dodd. Then ask the good Senator where this country went so wrong? Perhaps if enough of us rasie a stink, someone might just listen. It is long past time that the private banking cartel known as The Federal Reserve be retired. You can reach senator Dodd here: http://dodd.senate.gov/index.php?q=node/3128&ca...
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all their bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.” – “Gold and Economic Freedom” – 1966 by Dr. Alan Greenspan
jimfromthefoothills
· 1 year ago
Ever since the Chicago monetarists have been in charge (thank you Jimmy Carter, Volcker), they have been trying to prove that this view they held in '66 was correct.
Greenspan is nothing more than a fucking thief.
kl8n
· 1 year ago
Chris Dodd is great. He was my initial pick for the Dem nomination. Articulate, intelligent, experienced. An all around good guy, and he'd have been one hell of a president.
So come January, can we replace Harry Reid with Chris Dodd as Majority Leader? I think having him in charge in the Senate, with Pelosi in the House, both presiding over real majorities, and Obama in the White House would be one hell of a combination. There might actually be some progress. Imagine that!
Tells how several Scandinavian countries solved their banking crisis in the early nineties.
This may be the solution...if our Congress has the guts.. It would involve (Gasp!) the stockholders NOT making money on our misfortunes, and (Gasp gasp!) a total strip-down of the banking CEO's!
rhufnek
· 1 year ago
If only we had a presidental candidate willing to take on the Feds, someone who always questions their actions, someone who understands the danger of coming off the gold standard...
All Comments
In hunting, it would be called a shot-in-the-face
So this is a move to let the banks completely self-regulate. Did anyone get to vote on whether the government should bail out Bear Stearns? Sorry, the Fed made that decision for us.
He should have taken the Brave's advice and worn their jersey. Bush said he didn't want to give them more of an excuse to get booed. Had he worn the Brave's jersey, he would have HAD an excuse since he DID get booed.
Speaking of the Brave's jersey, I'm touched they honored the passing of my father, Jim Beauchamp, by stitching his nickname "Beach" on their left sleeve. It was nice of the Brave's organization to honor his memory.
He is already in deep shit .....
The Red Zone is the new Green Zone that's open. Not to be confused with the old Green Zone, which is closed.
http://andrewsullivan.theatlantic.com/the_daily...
Williams, who took over the reins of Clinton's campaign in early February, served as a director on the board of the Woodbury-based Delta Financial Corp. from April 2000 until the firm declared bankruptcy in December, according to Securities and Exchange Commission records.
http://www.newsday.com/news/nationworld/ny-ushi...
fox in the chicken coop?
http://news.yahoo.com/s/ap/20080401/ap_on_re_us...
"BAGHDAD - When American soldiers get off duty in Iraq, the men usually return to their quarters, the women to theirs. But Staff Sgt. Marvin Frazier gets to go back to a small trailer with two pushed-together single beds that he shares with his wife. In a historic but little-noticed change in policy, the Army is allowing scores of husband-and-wife soldiers to live and sleep together in the war zone "
Of course, if you are a gay couple in the war zone, you can't tell anyone so you won't be getting any special trailer to live and sleep together. "Don't Ask/Don't Tell" doesn't work. All that talk abou the Army not being a "social experiment" is laughable considering setting up trailers for straight married soldiers is a "social experiment" if I ever saw one!
isn't that special. hets get special rights and gays get to hide in the closet.
giving the Federal Reserve more authority over Wall Street?
fox in the chicken coop?
No, Fox, Inc. running the chicken coop!
http://www.salon.com/opinion/greenwald/
Lambs, meet Kosher/Halal Butcher(s)
Or….
Fox, meet Henhouse
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Good old Greenspan may have studied at the feet of Ayn Rand, but before Mr. McGoo became a political hack for the Republicans he knew better. In his own words dating back to 1966......
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all their bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”
– “Gold and Economic Freedom” – 1966 by Dr. Alan Greenspan
You can reach senator Dodd here:
http://dodd.senate.gov/index.php?q=node/3128&ca...
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all their bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”
– “Gold and Economic Freedom” – 1966 by Dr. Alan Greenspan
Greenspan is nothing more than a fucking thief.
So come January, can we replace Harry Reid with Chris Dodd as Majority Leader? I think having him in charge in the Senate, with Pelosi in the House, both presiding over real majorities, and Obama in the White House would be one hell of a combination. There might actually be some progress. Imagine that!
http://www.telegraph.co.uk/money/main.jhtml?xml...
Tells how several Scandinavian countries solved their banking crisis in the early nineties.
This may be the solution...if our Congress has the guts..
It would involve (Gasp!) the stockholders NOT making money on our misfortunes, and (Gasp gasp!) a total strip-down of the banking CEO's!
oh wait, Ron Paul is a "nut"
http://www.bloomberg.com/apps/news?pid=newsarch...