Obama/Mcain. Lehman bro bailout?

[Cono Este]

I want to know what the two candidates think about bailing out these losers on wall street?

Whats happening is fucking ridiculous. If another tax payer dollar goes into one of those bailouts I will support the candidate who is the first to condem it.


My gut tells me its Mccain and I know Obama is on the top of the wall street douche bag money list.

we'll see.

[hutash]

The word today, for them LA Times, is no bail out. Lehman Bros are on their own. It is up to Wall St. to deal with this mess.

[13]

The word today, for them LA Times, is no bail out. Lehman Bros are on their own. It is up to Wall St. to deal with this mess.

i sure as shit hope so.

[Lizhnik]

I want to know what the two candidates think about bailing out these losers on wall street?

Whats happening is fucking ridiculous. If another tax payer dollar goes into one of those bailouts I will support the candidate who is the first to condem it.


My gut tells me its Mccain and I know Obama is on the top of the wall street douche bag money list.

we'll see.

Read more (post less?), chill out!

http://www.bloomberg.com/apps/news?pid=20601087&sid=aFDIGVTjrbrI&refer=home

[Summit]

"Sorry Lehmans... we spent all our money bailing out Fred and Fannie." -Uncle Sugar

[Crud's Uncle]

and Bear

[warthog]

and all the dumbfucks that spent too much money on homes they couldn't afford, and couldn't flip before the crash.

[Cono Este]

Read more (post less?), chill out!

http://www.bloomberg.com/apps/news?pid=20601087&sid=aFDIGVTjrbrI&refer=home

Thanks for the useless link. Its says nothing about what McCain or Obama would do. Maybe you should learn to read first.

[Lizhnik]

Thanks for the useless link. Its says nothing about what McCain or Obama would do. Maybe you should learn to read first.

What McCain and Obama would do about what, exactly? It's a non-event, there isn't going to be a Lehman bailout. You are arguing with nobody about this, because there is no good argument for a government bailout of Lehman. I don't think either Obama or McCain would argue this point. I sure hope not, anyway.

[tone capone]

I'll paraphrase what I have been hearing " The Feds are going to "shore up" the deal with whoever buys Lehman with taxpayer dollars behind the scenes, therefore we're not calling it a bailout."

They are just pumping fake $$$ in to another Government Sponsored Black Hole, in Tone Capone's words.

[Spats]

My gut tells me its Mccain and I know Obama is on the top of the wall street douche bag money list.

"Your gut" is wrong. Both McCain and Obama are financed primarily by Wall Street. As were Clinton, Giuliani, and every other "mainstream" candidate. In fact, that is the qualification to be considered "mainstream": Wall Street finds you acceptable and funds you.

Funny how the same names are on both Obama's and McCain's lists, too...Goldman Sachs...Merrill Lynch...Citigroup...Lehman...

This is easy to look up online, and I've posted these links about ten times in other political threads.

Obama:
http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638

McCain:
http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00006424

Note that McCain's top 5 donors are investment banks, as are 7 of his top 10. Only 5 of Obama's top 10 are banks, but the dollar amounts are higher.

It astounds me how we've given these entities called "banks" the ability to create money out of thin air ("fractional reserve banking") -- and then we wonder why they run everything and have all the money.

[tone capone]

Note that McCain's top 5 donors are investment banks, as are 7 of his top 10. Only 5 of Obama's top 10 are banks, but the dollar amounts are higher.

It astounds me how we've given these entities called "banks" the ability to create money out of thin air ("fractional reserve banking") -- and then we wonder why they run everything and have all the money.
Reply With Quote


When I point out those things, the entire board ridicules me and gives me hostile responses. Too bad everyone is so convinced that their side is right. I bet five Obamaniacs will respond to me now exalting his greatness and his immunity to "corporate money" and his grand plans for "the little guy" while trashing me and ignoring the facts about where the real big money is coming from, for both candidates. C'mon guys, it's all a charade. The big money controls all this nonsense theatre that they bombard us with for two years. You might hear about their plans to change "business as usual" but rest assured, the power brokers in the investment banking sector and the Federal Reserve system will make sure either of the candidates don't mess with things too much. They are only puppets. Think otherwise and you are deluding your reality to about a factor of 90%. You have to be mentally ill to believe what the media presents as reality. What is it about that definition of insanity? When you keep getting the same results from the same behaviors but keep trying for different results..............................

And since I'm required to have a "solution" just by pointing these things out, here it is: the only thing we can do. 1. Stop being a pussy and vote for a 3rd party every time you get the chance. Who gives a fuck if the other republicrat or demican wins. Fuck them, make them good and fucking fuming mad. #2... Make incumbents, outcumbents. Every time. Never fail to do this if you want the least amount of corruption in politics. #3. Very important. Vote for whoever spends the least amount campaigning. If you want to get big money out of politics, then vote for the ones that get the least corporate and big money donors which you guys hate so much. I had to listen to a guy talk a bunch of shit yesterday about all the evil rich people that vote republican, as if his candidate was immune to the influence of those evil capitalist dollars. Oh wait, I forgot, all Obamas money comes in 20$ increments from little poor people. Right.

[David Witherspoon]

Do it.

And I most sincerely hope everyone who even sort of agrees with you does exactly the same.

Now get out there and campaign for whoever is doing the least campaigning!

[timvwcom]

Note that McCain's top 5 donors are investment banks, as are 7 of his top 10. Only 5 of Obama's top 10 are banks, but the dollar amounts are higher...

Just wanted to point out AGAIN... that Corporate/Business donations to Federal campaigns are illegal. "Banks" do NOT donate to presidential candidates. All these lists are the totals for personal donations of employees (and families) of people who work for those entities. You can claim that some employers encourage/pester/strong arm or even bribe/reimburse the personal donations of employees... I'm sure it does occur. Beyond a certain line though, it's illegal and you'd find your ass in jail if you had any kind of broad based policy to do so, since hiding it would be virtually impossible with the divided political loyalties of all those you'd have to discuss it with.


It astounds me how we've given these entities called "banks" the ability to create money out of thin air ("fractional reserve banking") -- and then we wonder why they run everything and have all the money.

THIS part however, I can find things to agree with... the many big personal donations from the financial organizations may mean that those industries may be collecting an unfair portion of value in their workings with/in our markets.

[tone capone]

And I most sincerely hope everyone who even sort of agrees with you does exactly the same.

Hey David, does anybody here even sort of agree with you on anything?

Do me a favor and just put me on your ignore list.

[David Witherspoon]

Hey David, does anybody here even sort of agree with you on anything? Hey, here's an idea: ask someone.


Do me a favor ...No.

[timvwcom]

Hey David, does anybody here even sort of agree with you on anything?

Do me a favor and just put me on your ignore list.

For the record I hereby admit I "sort of agree" with DW on some things... (PS Dave, send it via money order to "friend for higher" care of "B.O.A.s look fabulous darling" at "Trump Plaza, NY, NY, NY")

[tranquill]

It's interesting how the Israelis view Obama. He receives much support
both from Jewish liberals and arguably the right-wing AIPAC, but his
middle name bothers Israelis a lot. Also, there are doubts whether he is
really a Muslim apostate. Here is an article which analyzes Obama's
similarity to early Zionists:
http://samsonblinded.org/blog/obama-against-jewishness.htm What do you think of the parallels?

[Trackhead]

and all the dumbfucks that spent too much money on homes they couldn't afford, and couldn't flip before the crash.

Thank you.

I'm so tired of everyone blaming everyone else for their woes.

[Purveyor of Slack]

Thank you.

I'm so tired of everyone blaming everyone else for their woes.

It's much to simplistic to blame the greed of house flippers and the lack of due diligence applied by "everyday" house buyers.

These risky mortgages happened to be the latest money making tool used by money center banks, investment houses, hedge funds and private equity groups...etc to make high return investments with "minimal" risk.

It's securitization, credit default swaps, leverage and the counterparty interlinkage among the massively consolidated major players.........

along with the lack of oversight by congress, the FED, ISDA, BIS, ETC ETC ETC.....

along with our corporate owned media who either believes the masses are too stupid and uninterested in the financial economy(vs the consumer economy) OR the are pawns of the multinationals.

The catalyst could have been a wrong bet on a currency by a major player, a sovereign debt default, a a major hedge fund going down.....the possibilities are endless.

The OTC derivatives---and those that leverage and use them to artificially ignore and transfer risk ---and its massive unregulated and leveraged bets/greed are what built the house of cards. This time they just chose cards made of mortgages(some of which are going bad).

Problem is that the bad are mixed with good in securitized packages and nobody really knows who owns what. Nobody trusts anyone and it is leading to an accelerating liquidity crisis.

It boils down to greed and lack of oversight. The greed of the masses is dwarfed in comparison to that of the big money players.

And why not, when your worth a couple hundred million and have a golden parachute clause in your contract its easy to gamble with the masses money. Especially when its ultimately taxpayer backed(ie FDIC) or your bets can lead to systemic risk if the fail.....you'll be bailed out.

It's the game.

And the 1% could give a fuck either way.