[clue-talk] Fwd: [clue-tech] Was: ... Giveaway
Angelo Bertolli
angelo at freeshell.org
Wed Oct 29 15:08:09 MDT 2008
Sorry, but I really wonder why people are suddenly turning on the banks
for doing whatever it is they're supposed to be doing: keeping
themselves in business. If they wanted to force the banks to make
non-market choices and use the money only for lending, they should have
stipulated that agreement as part of the package.
But they didn't, because it doesn't matter. The banks have started
lending more, but it's not going to be an overnight thing. What matters
is the injection of capital to the banks to allow them to continue to
operate, one of those things being is lending. If it's good for them to
buy each other out and lessen the burden of debt that way, that's good
too. Otherwise, if we wanted to give them enough money to start lending
and not have buyouts, we'd be spending a lot more than 700 bil.
But regulation is key. You and I aren't allowed to borrow from the Fed
unless we're bank. So for that privilege they should be under some
rules that will help prevent this from happening again.
As for the "poor small banks" you really mean the poor smaller banks
that are still in the group of the big guys. Reports show local banks
(the real small guys) are doing fine, since they've had to be lean and
mean to begin with and didn't risk participating in such practices.
Angelo
Richard Knechtel wrote:
> Here in Wisconsin we have three stations that are below $2.00 a gallon.
>
> Caught on TAPE admission by JP Morgan Executive that they don't plan
> using the $ BIllions they recieved to use for lending - only for their
> OWN financial gain thorugh more buyouts!
>
> The Bailout Lie Exposed: Financial "Big Boys" Never Intended To Lend
> Out Their Windfall
> http://www.infowars.com/?p=5606
>
> Bailout: It's all part of the New International Economic Order
> http://www.infowars.com/?p=4774
>
>
> "British Prime Minister Gordon Brown said he would travel to New York
> on Wednesday to discuss what he called the "first crisis of the global
> economy." Brown said a "global regulatory system" should be
> established to govern a world where national borders often have little
> meaning. He added that Britain "was paying a price" for problems that
> started in the United States."
> http://mobile.washingtonpost.com/detail.jsp?key=281851&rc=to&p=1&all=1
> <http://mobile.washingtonpost.com/detail.jsp?key=281851&rc=to&p=1&all=1>
>
> Banks dictate conditions of US financial bailout
> http://www.infowars.com/?p=5284
>
> "The result of this bailout - a major consolidation and restructuring
> of the US banking industry--will be quite harmful to the interests of
> the population. The smaller number of surviving banks will have even
> more market power to set interest rates and control access to credit
> for working people, students and small businesses."
> "While the best-connected firms will profit immensely from the
> bailout, the bourgeoisie and its political representatives insist
> there is no money for elementary social needs of the working class,
> such as foreclosure relief, universal health care and the right to a
> secure retirement."
>
>
> Paulson Doles Out $125 Billion to Wall Street Elite
> http://www.infowars.com/?p=5283
>
> "Forbes calls it "Bailout II," the Treasury Department's "injection"
> of capital into selected banks, thus "following in the footsteps of
> European governments in an effort to restore confidence to the ailing
> financial system." Later today, Bush, Paulson, Fed boss Bernanke,
> Federal Deposit Insurance Corp. chairman Sheila Bair, and "other
> economic officials will announce details of the revised $700 billion
> economic rescue plan," according to Forbes."
> "But here's what Forbes does not tell you: half of the money will end
> up in banks that don't actually need to be "rescued." Last month, Bush
> and his Wall Street cronies told us the bailout would be aimed at the
> mortgage market, and yet JPMorgan Chase, Bank of America, Wells Fargo,
> Goldman Sachs, Morgan Stanley, Bank of New York Mellon, and others
> will walk away with over $125 billion and it has nothing to do with
> the engineered "distress" of the mortgage market. As the Hartford
> Courant notes, this "is part of a wider plan that goes beyond the $700
> billion rescue package approved by Congress earlier this month.""
>
>
> FEMA sources confirm coming martial law
> http://www.infowars.com/?p=5265
>
> "On April 3, 2008, WMR reported on a highly-classified document
> regarding the martial law scenario: WMR has learned from knowledgeable
> sources within the US financial community that an alarming
> confidential and limited distribution document is circulating among
> senior members of Congress and their senior staff members that is
> warning of a bleak future for the United States if it does not quickly
> get its financial house in order. House Speaker Nancy Pelosi is among
> those who have reportedly read the document.
> The document is being called the "C & R" document because it
> reportedly states that if the United States defaults on loans and debt
> underwriting from China, Japan, and Russia, all of which are propping
> up the United States government financially, and the United States
> unilaterally cancels the debts, America can expect a war that will
> have disastrous results for the United States and the world.
> "Conflict" is the "C word" in the document. The other scenario is that
> the federal government will be forced to drastically raise taxes in
> order to pay off debts to foreign countries to the point that the
> American people will react with a popular revolution against the
> government. "Revolution" is the document's "R word."
>
> Glenn Beck Highlights Threat Of Martial Law Following Economic Crisis
> http://www.infowars.com/?p=5298*
>
> *
>
> On Wed, Oct 29, 2008 at 9:02 AM, David Rudder
> <david.rudder at reliableresponse.net
> <mailto:david.rudder at reliableresponse.net>> wrote:
>
> Ignoring the political stuff....
> I downloaded and installed both the Pro and the Games version. On my
> home computer I installed the Games version. It went very
> smoothly. I
> went to install some Windows games and...
>
> I don't have any Windows games :)
>
> Can anyone suggest a Windows game that works w/ CrossOver?
> Something we
> can't get in Linux? Something, you know...fun?
>
> And, does anyone have a copy of OpenUT? All this CrossOver stuff has
> got me itching to game a little again!
>
> -Dave
>
> Michael Fierro wrote:
> > On Tue, 28 Oct 2008 19:38:45 -0600
> > "Collins Richey" <crichey at gmail.com <mailto:crichey at gmail.com>>
> wrote:
> >
> >>> PRO! This includes the Games package for Linux. Talk about a
> great deal!
> >>> All because Bush destroyed our economy so completely that the
> price of
> >>> oil hence the price of gas - bottomed out.
> >> I just love these little lefty digs (here and at CoLoCo) you
> slip into
> >> the boring Linux topics <grin>.
> >
> > Hehehehe. What can I say, this time of the year kinda lends
> itself to political jabs. Though I claim complete innocence in
> the case of CoLoCo, since I don't post there. Or if I do, I don't
> know that I do.
> >
> >
> >> Last time I heard, people were blaming GWB for high gas prices
> <double
> >> grin>..
> >
> > I think that was more blaming the Bush administrations policy of
> non-regulation. Putting some kind of restriction on futures
> speculators would've kept the price of a barrel of oil from
> skyrocketing like it did. The fortunate side of the stock market
> crash was that speculators were no longer willing to speculate on
> oil. Once that artificial demand was removed, combined with a
> wholesale change in how much gas people were using, prices were
> destined to drop like a lead balloon.
> >
> > The question is where the price of a barrel of oil and a tank of
> gas will finally stabilize. I would guess around $2.20 a gallon
> here in Denver, but I have absolutely no evidence, nor is it an
> informed guess. It's just a gut feeling. And I've got a whole lot
> of gut in which to grow a feeling, if you know what I mean. :)
> >
> >> GWB had plenty of help in destroying the economy - it was a
> bipartisan
> >> effort from start to finish. The greedy fat cat Democrats and the
> >> greedy fat cat Republicans had a field day. McCain made an
> effort to
> >
> > True on the fat cats from both parties. I don't think that John
> McCain had any hand in anything with regards to stopping the
> crisis, however. The economy has never been McCain's strong point
> (as evidenced by his own admission, stating that "The issue of
> economics is not something I've understood as well as I should,"
> and he has a habit of following his peers with his votes.
> >
> > But that said, the Fanny/Freddy bit was a small part of the
> collapse we've seen. They pale in comparison with the failure of
> Lehman Bros., the government bailout of AIG, the takeover of
> Merrill Lynch by Bank of America.... Now, of course, there's the
> socialism of banks, but that is a separate topic.
> >
> > Anyway, I always point people to two great episodes of NPR's
> "This American Life" which do an excellent job of explaining
> exactly what led up to the crisis, and the impact of the crisis.
> The eps are:
> > * Another frightening show about the economy:
> http://www.thisamericanlife.org/Radio_Episode.aspx?sched=1263
> > * The giant pool of money:
> http://www.thisamericanlife.org/Radio_Episode.aspx?sched=1242
> >
> > Distilled down, the point is: if the Bush administration had
> allowed regulation of the mortgage market, we would not be in the
> mess we are currently in. That's simplified, of course, but works
> as an elevator pitch.
> >
> >
>
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--
Angelo Bertolli
http://angelo.bitfreedom.com/
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