slipslidingaway
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Tue Sep-23-08 10:07 PM
Response to Original message |
| -Ben Stein-Spills The Beans On $$$ Crisis: THE BIG SECRET-It's seriously mind-blowing. |
kpete |
Sep-23-08 01:21 PM |
#0 |
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Heard on Ed Schultz that the Bush Regime has been working on this $700B bailout pkg for TWO MONTHS! |
baldguy |
Sep-23-08 01:24 PM |
#1 |
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we should take at least that long to think about it |
lynnertic |
Sep-24-08 06:38 AM |
#54 |
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Rachel said the same. I love how the mis-Admin likes to wait until the last second |
GreenPartyVoter |
Sep-24-08 01:05 PM |
#78 |
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Guess who sponsored the bill which deregulated the trading of CDSs? |
PA Democrat |
Sep-23-08 01:28 PM |
#2 |
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phil gramm |
barbtries |
Sep-24-08 06:07 AM |
#48 |
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And there's a great place for them to litigate these issues: Bankruptcy Court |
TexasObserver |
Sep-23-08 01:32 PM |
#3 |
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Who indeed. I'm going to bet Stein comes out to explain what he meant. n/t |
ColbertWatcher |
Sep-23-08 01:36 PM |
#4 |
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Maybe this is what Bernanke and Paulson told Congressional leaders behind closed doors |
aint_no_life_nowhere |
Sep-23-08 01:38 PM |
#5 |
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absolutely |
barbtries |
Sep-24-08 06:09 AM |
#49 |
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Damn... |
BraneMatter |
Sep-23-08 01:40 PM |
#6 |
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This is the "9/11" for the country's finances. |
Dhalgren |
Sep-23-08 01:43 PM |
#7 |
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and without a doubt, AN INSIDE JOB |
Supersedeas |
Sep-23-08 02:33 PM |
#14 |
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yeah |
barbtries |
Sep-24-08 06:10 AM |
#50 |
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They're going for the big one here |
seemslikeadream |
Sep-23-08 10:57 PM |
#23 |
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Here we are...welcome to 1984. We saw it coming back in the sixties. |
sofedupwithbush |
Sep-24-08 01:09 AM |
#41 |
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there are several threads about this- |
dgibby |
Sep-24-08 11:54 AM |
#67 |
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So basically, banks have a gambling problem and they've spent all our money on it. |
jimlup |
Sep-23-08 01:54 PM |
#8 |
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The answer is for the government to refinance the sub-prime |
JDPriestly |
Sep-23-08 02:02 PM |
#9 |
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E-mailing & phoning Congress is a waste of time. |
Disturbed |
Sep-23-08 02:18 PM |
#12 |
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it's actually not a waste of time |
barbtries |
Sep-24-08 06:13 AM |
#51 |
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Check Fox News right now |
BraneMatter |
Sep-23-08 02:11 PM |
#10 |
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Killer segment! |
BraneMatter |
Sep-23-08 02:17 PM |
#11 |
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AIG - allegedly about $300 BN—on credit default swaps |
slipslidingaway |
Sep-23-08 02:21 PM |
#13 |
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Check out this interview about AIG's offshoring scams |
junofeb |
Sep-23-08 03:03 PM |
#16 |
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Thanks, I'll check it out later n/t |
slipslidingaway |
Sep-23-08 04:41 PM |
#17 |
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Thanks-looks like a very interesting site! |
dgibby |
Sep-24-08 12:14 PM |
#72 |
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K&R |
cui bono |
Sep-23-08 02:39 PM |
#15 |
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Rated a must read and a kick. n/t |
slipslidingaway |
Sep-23-08 05:17 PM |
#18 |
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Kick n/t |
slipslidingaway |
Sep-23-08 10:07 PM |
#19 |
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Now combine this with Rachel Maddow's news |
Canuckistanian |
Sep-23-08 10:38 PM |
#20 |
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I sent her that article early afternoon on Mon |
dgibby |
Sep-24-08 12:17 PM |
#73 |
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Ever see "The Mouse That Roared?" |
Jeff In Milwaukee |
Sep-23-08 10:52 PM |
#21 |
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It really is "The Producers" redone as a financial swindle |
Phoebe Loosinhouse |
Sep-24-08 06:24 AM |
#52 |
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WOW-"they needed BAD mortgages in the first place, so that they could bet against them later." |
TheGoldenRule |
Sep-24-08 09:56 AM |
#60 |
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Simply regulating these types of derivatives is not enough. |
MilesColtrane |
Sep-23-08 10:52 PM |
#22 |
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time to strangle derivatives in the crib... along with other exotic financing |
JCMach1 |
Sep-24-08 01:06 AM |
#40 |
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Throw them in Fucking Jail - NOW |
FreakinDJ |
Sep-23-08 11:00 PM |
#24 |
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Two rules for survival |
dgibby |
Sep-24-08 11:58 AM |
#69 |
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A manufactured crisis. Tell that to the voters and they will take to the streets |
bambino |
Sep-23-08 11:41 PM |
#25 |
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not if they know about the new "crowd control" weapons! |
dgibby |
Sep-24-08 12:00 PM |
#70 |
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And this whole market is totally unregulated? |
Marie26 |
Sep-23-08 11:41 PM |
#26 |
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k & R |
on the EDGE |
Sep-23-08 11:42 PM |
#27 |
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Outstanding credit default swaps: $16.4 trillion dollars. |
Marie26 |
Sep-24-08 12:32 AM |
#37 |
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So Wait, do I understand this right |
on the EDGE |
Sep-23-08 11:53 PM |
#30 |
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Yeah |
Marie26 |
Sep-24-08 12:16 AM |
#36 |
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This crisis and this bill are a perfect example of the application of the Shock Doctrine. (nt) |
redqueen |
Sep-23-08 11:46 PM |
#28 |
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CDS's also were the big winners of the Fannie Mae bailout |
Marie26 |
Sep-23-08 11:56 PM |
#33 |
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So let me get this straight... they don't need the money at all. |
kysrsoze |
Sep-24-08 12:06 AM |
#35 |
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Calling all economic gurus |
Marie26 |
Sep-24-08 09:00 AM |
#58 |
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I am not a financial wizard at all. Never really understood the stock market at all either but |
Sydnie |
Sep-24-08 11:58 AM |
#68 |
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Just got home and wrote about this... |
ingin |
Sep-23-08 11:51 PM |
#29 |
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Hypothetically speaking (of course), |
dgibby |
Sep-24-08 12:07 PM |
#71 |
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so how did the banks bankrupt themselves? |
prayin4rain |
Sep-23-08 11:53 PM |
#31 |
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So, essentially, the CDSs allow mortgages to be short sold |
OmahaBlueDog |
Sep-23-08 11:55 PM |
#32 |
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My letter to my Congressmembers |
clear eye |
Sep-24-08 12:00 AM |
#34 |
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Excellent letter, CE! |
vickiss |
Sep-24-08 12:50 AM |
#38 |
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That's great! nt |
Marie26 |
Sep-24-08 10:02 AM |
#62 |
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End all speculation; end all short-selling; end the con-game; protect the people earning money |
bridgit |
Sep-24-08 12:57 AM |
#39 |
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Yes! And end "tranching". |
Waiting For Everyman |
Sep-24-08 02:43 AM |
#43 |
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Yes, but we also need to let these thieves live with the consequences of their actions. |
Not the Only One |
Sep-24-08 10:35 AM |
#64 |
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There is no way around that. This is their bridge too far. They must all be made to pay... |
bridgit |
Sep-24-08 11:16 AM |
#66 |
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This is why the banks don't do workouts that could succeed. |
Waiting For Everyman |
Sep-24-08 02:42 AM |
#42 |
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So while a mtg holder might lose $50K on a defaulted mortgage, someone else might gain $500K? |
lostnfound |
Sep-24-08 04:13 AM |
#44 |
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K & R |
OakCliffDem |
Sep-24-08 05:04 AM |
#45 |
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OH MY GOD! MIHOP! I wonder if this is what the FBI is investigating? |
Joanne98 |
Sep-24-08 05:34 AM |
#46 |
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Can we trust the FBI to conduct a legitimate investigation? |
RufusTFirefly |
Sep-24-08 06:06 AM |
#47 |
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How DARE you suggest Mueller is a dirty Ergenekon mole |
judasdisney |
Sep-24-08 06:37 AM |
#53 |
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The Emperor has no clothes |
biggerfishsmallpond |
Sep-24-08 06:59 AM |
#55 |
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Eeeeeeeeew--my poor eyes--burning! |
dgibby |
Sep-24-08 12:49 PM |
#75 |
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What was the title of Stein's latest book? |
Sentinel Chicken |
Sep-24-08 07:08 AM |
#56 |
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... |
redqueen |
Sep-24-08 08:59 AM |
#57 |
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That's where the $700 billion figure comes from |
Marie26 |
Sep-24-08 09:34 AM |
#59 |
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Maybe it is just coincidence, but I found it interesting :) n/t |
slipslidingaway |
Sep-24-08 09:57 AM |
#61 |
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Banks running wild. |
The Backlash Cometh |
Sep-24-08 10:20 AM |
#63 |
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"Wall Street is just one huge casino." |
redqueen |
Sep-24-08 10:47 AM |
#65 |
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Will they be able this time to force it thru no matter how shitty? |
marlakay |
Sep-24-08 12:24 PM |
#74 |
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Better the great depression, |
dgibby |
Sep-24-08 12:53 PM |
#76 |
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I don't really doubt it |
dhpgetsit |
Sep-24-08 12:53 PM |
#77 |
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It sure does seem like it could be MIHOP. //nt |
Overseas |
Sep-24-08 01:06 PM |
#79 |
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Give the gamblers their bets back and don't pay off on the policies... |
rateyes |
Sep-24-08 01:33 PM |
#80 |
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Or, better yet, just take over the whole damned business, seize all |
rateyes |
Sep-24-08 01:35 PM |
#81 |
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History repeats itself |
diamidue |
Sep-24-08 02:28 PM |
#82 |