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OfflineBigbadwooof
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Elizabeth Warren Campaigning for Clinton
    #23391599 - 06/28/16 04:46 PM (7 years, 6 months ago)



Here we go. Elizabeth Warren, spineless two-faced cunt. Fuck Warren.


--------------------
"It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti
FARTS
"There is no need for conspiracy where interests converge" - George Carlin
Every one of you should see this video.
"If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy


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OfflineDouglas Howard
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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23392813 - 06/29/16 12:55 AM (7 years, 6 months ago)

Quote:

Bigbadwooof said:


Here we go. Elizabeth Warren, spineless two-faced cunt. Fuck Warren.




The majority of all the politicians that are in office are there for only one reason and that is to make a lot of money from bribes. And Elizabeth Warren is one of these recipients that is under the control of of these corporations. But Trump is the only one candidate that is out of the box, that careless about these bribes. But Bernie is too old and which old people can be easily detour without bribing them. If you want to know how easily that they can be detour, just go down to the old folks's rest homes and watch and see how they will follow you around. That is why Hillary wasn't worried about Sander. She knows she has him licking out of the palm of her hands. But Donald is very bull-headed, that he is not going to eat from no one hands. 







http://naturalsociety.com/virtually-all-major-2016-presidential-candidates-oppose-gmo-labeling/


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InvisibleLe_Canard
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Re: Elizabeth Warren Campaigning for Clinton [Re: Douglas Howard]
    #23393119 - 06/29/16 05:52 AM (7 years, 6 months ago)

For starters, Warren has consistently spoken out against corporations, banks and Wall st., and has proposed a lot of ways to reel all of them in. Secondly, your precious Trump is going deeply in debt to finance his campaign and will no doubt be a bitch of big banking if elected prez. ("Bob" forbid)


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OfflineBigbadwooof
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Re: Elizabeth Warren Campaigning for Clinton [Re: Douglas Howard] * 2
    #23393143 - 06/29/16 06:11 AM (7 years, 6 months ago)

Quote:

Douglas Howard said:
The majority of all the politicians that are in office are there for only one reason and that is to make a lot of money from bribes. And Elizabeth Warren is one of these recipients that is under the control of of these corporations. But Trump is the only one candidate that is out of the box,




:carlinorgasm:

Shut the fuck up dude. This has nothing to do with Trump.


Quote:

But Bernie is too old and which old people can be easily detour without bribing them. If you want to know how easily that they can be detour, just go down to the old folks's rest homes and watch and see how they will follow you around.




Trump is 70 years old, Bernie is 74. So, your comment is fucking retarded, given that you're a Trump guy. Unless your sincerely believe that 4 years makes all the difference? lmao!

Quote:

That is why Hillary wasn't worried about Sander. She knows she has him licking out of the palm of her hands. But Donald is very bull-headed, that he is not going to eat from no one hands. 





Clinton is 68 years old dude! She's retirement age (until she guts Social Security). Bernie only has 6 years on her. Your comments are just ageism and have nothing to fucking do with reality. Nothing new here.


--------------------
"It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti
FARTS
"There is no need for conspiracy where interests converge" - George Carlin
Every one of you should see this video.
"If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy


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OfflineBigbadwooof
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Re: Elizabeth Warren Campaigning for Clinton [Re: Le_Canard]
    #23393145 - 06/29/16 06:12 AM (7 years, 6 months ago)

Quote:

Le_Canard said:
For starters, Warren has consistently spoken out against corporations, banks and Wall st., and has proposed a lot of ways to reel all of them in. Secondly, your precious Trump is going deeply in debt to finance his campaign and will no doubt be a bitch of big banking if elected prez. ("Bob" forbid)




Trump is already saying he wants to deregulate the banks.


--------------------
"It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti
FARTS
"There is no need for conspiracy where interests converge" - George Carlin
Every one of you should see this video.
"If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy


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Offlineqman
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Re: Elizabeth Warren Campaigning for Clinton [Re: Le_Canard] * 1
    #23393234 - 06/29/16 07:03 AM (7 years, 6 months ago)

Quote:

Le_Canard said:
For starters, Warren has consistently spoken out against corporations, banks and Wall st., and has proposed a lot of ways to reel all of them in. Secondly, your precious Trump is going deeply in debt to finance his campaign and will no doubt be a bitch of big banking if elected prez. ("Bob" forbid)




Obama called the bankers "fat cats" for 8 straight years, he was also owned by them since they put him into office.

Warren is no different, she's a shill for the corporations by speaking out against them.


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Offlineqman
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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23393235 - 06/29/16 07:04 AM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
Quote:

Le_Canard said:
For starters, Warren has consistently spoken out against corporations, banks and Wall st., and has proposed a lot of ways to reel all of them in. Secondly, your precious Trump is going deeply in debt to finance his campaign and will no doubt be a bitch of big banking if elected prez. ("Bob" forbid)




Trump is already saying he wants to deregulate the banks.




Source?


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OfflineDouglas Howard
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Re: Elizabeth Warren Campaigning for Clinton [Re: Le_Canard]
    #23393738 - 06/29/16 10:21 AM (7 years, 6 months ago)

Quote:

Le_Canard said:
For starters, Warren has consistently spoken out against corporations, banks and Wall st., and has proposed a lot of ways to reel all of them in. Secondly, your precious Trump is going deeply in debt to finance his campaign and will no doubt be a bitch of big banking if elected prez. ("Bob" forbid)




Well we know that is not true at all. She has been there for everyone that has help her financially. And so do you have any money to give to her so that she can help you? We all know that Hillary works for corporate america, then whom ever is with her is for the same thing as well.




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OfflineDouglas Howard
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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23393764 - 06/29/16 10:28 AM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
Quote:

Le_Canard said:
For starters, Warren has consistently spoken out against corporations, banks and Wall st., and has proposed a lot of ways to reel all of them in. Secondly, your precious Trump is going deeply in debt to finance his campaign and will no doubt be a bitch of big banking if elected prez. ("Bob" forbid)




Trump is already saying he wants to deregulate the banks.






Republican presidential candidate Donald Trump said on Tuesday that sweeping financial reforms put in place under President Barack Obama were harming the economy and he would dismantle nearly all of them.
Trump told Reuters in an interview that he would release a plan in about two weeks for overhauling the 2010 financial regulatory law known as Dodd-Frank.

"Dodd-Frank has made it impossible for bankers to function," the presumptive Republican nominee said. "It makes it very hard for bankers to loan money for people to create jobs, for people with businesses to create jobs. And that has to stop."



Breaking News at Newsmax.com http://www.newsmax.com/Headline/donald-trump-dodd-frank/2016/05/17/id/729314/#ixzz4CzDPGWvN
Urgent: Do You Back Trump or Hillary? Vote Here Now!



In these photos, you cannot tell who is the real Bernie Sanders.


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OfflineBigbadwooof
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Re: Elizabeth Warren Campaigning for Clinton [Re: Douglas Howard]
    #23394383 - 06/29/16 02:09 PM (7 years, 6 months ago)

Quote:

qman said:
Quote:

Bigbadwooof said:
Quote:

Le_Canard said:
For starters, Warren has consistently spoken out against corporations, banks and Wall st., and has proposed a lot of ways to reel all of them in. Secondly, your precious Trump is going deeply in debt to finance his campaign and will no doubt be a bitch of big banking if elected prez. ("Bob" forbid)




Trump is already saying he wants to deregulate the banks.




Source?




You should know this shit, he's your shitty candidate. He wants to get rid of Dodd-Frank, among other things.

Quote:

Douglas Howard said:

Republican presidential candidate Donald Trump said on Tuesday that sweeping financial reforms put in place under President Barack Obama were harming the economy and he would dismantle nearly all of them.
Trump told Reuters in an interview that he would release a plan in about two weeks for overhauling the 2010 financial regulatory law known as Dodd-Frank.

"Dodd-Frank has made it impossible for bankers to function," the presumptive Republican nominee said. "It makes it very hard for bankers to loan money for people to create jobs, for people with businesses to create jobs. And that has to stop."



Breaking News at Newsmax.com http://www.newsmax.com/Headline/donald-trump-dodd-frank/2016/05/17/id/729314/#ixzz4CzDPGWvN
Urgent: Do You Back Trump or Hillary? Vote Here Now!




Yep.


--------------------
"It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti
FARTS
"There is no need for conspiracy where interests converge" - George Carlin
Every one of you should see this video.
"If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy


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Offlineqman
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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof] * 1
    #23394535 - 06/29/16 02:55 PM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
Quote:

qman said:
Quote:

Bigbadwooof said:
Quote:

Le_Canard said:
For starters, Warren has consistently spoken out against corporations, banks and Wall st., and has proposed a lot of ways to reel all of them in. Secondly, your precious Trump is going deeply in debt to finance his campaign and will no doubt be a bitch of big banking if elected prez. ("Bob" forbid)




Trump is already saying he wants to deregulate the banks.




Source?




You should know this shit, he's your shitty candidate. He wants to get rid of Dodd-Frank, among other things.

Quote:

Douglas Howard said:

Republican presidential candidate Donald Trump said on Tuesday that sweeping financial reforms put in place under President Barack Obama were harming the economy and he would dismantle nearly all of them.
Trump told Reuters in an interview that he would release a plan in about two weeks for overhauling the 2010 financial regulatory law known as Dodd-Frank.

"Dodd-Frank has made it impossible for bankers to function," the presumptive Republican nominee said. "It makes it very hard for bankers to loan money for people to create jobs, for people with businesses to create jobs. And that has to stop."



Breaking News at Newsmax.com http://www.newsmax.com/Headline/donald-trump-dodd-frank/2016/05/17/id/729314/#ixzz4CzDPGWvN
Urgent: Do You Back Trump or Hillary? Vote Here Now!




Yep.




I could care less about Dodd-Frank, with that being said, there should never be any bank bailouts.

If you don't have a "too big to fail" policy, you don't need regulations such as Dodd-Frank!


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OfflineDouglas Howard
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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23395795 - 06/29/16 10:23 PM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
Quote:

qman said:
Quote:

Bigbadwooof said:
Quote:

Le_Canard said:
For starters, Warren has consistently spoken out against corporations, banks and Wall st., and has proposed a lot of ways to reel all of them in. Secondly, your precious Trump is going deeply in debt to finance his campaign and will no doubt be a bitch of big banking if elected prez. ("Bob" forbid)




Trump is already saying he wants to deregulate the banks.




Source?




You should know this shit, he's your shitty candidate. He wants to get rid of Dodd-Frank, among other things.

Quote:

Douglas Howard said:

Republican presidential candidate Donald Trump said on Tuesday that sweeping financial reforms put in place under President Barack Obama were harming the economy and he would dismantle nearly all of them.
Trump told Reuters in an interview that he would release a plan in about two weeks for overhauling the 2010 financial regulatory law known as Dodd-Frank.

"Dodd-Frank has made it impossible for bankers to function," the presumptive Republican nominee said. "It makes it very hard for bankers to loan money for people to create jobs, for people with businesses to create jobs. And that has to stop."



Breaking News at Newsmax.com http://www.newsmax.com/Headline/donald-trump-dodd-frank/2016/05/17/id/729314/#ixzz4CzDPGWvN
Urgent: Do You Back Trump or Hillary? Vote Here Now!




Yep.




Trump knows business, because he has gotten himself out of a sticky situation before and came back on top. He said that he doesn't like to lose and he sure has been practicing what he preaches.


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OfflineFalcon91Wolvrn03
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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23396130 - 06/30/16 01:07 AM (7 years, 6 months ago)

Quote:

qman said:
I could care less about Dodd-Frank....  If you don't have a "too big to fail" policy, you don't need regulations such as Dodd-Frank!



Huh?!?  Are you saying you think it's ok for banks/corporations to become so large that their failure would bring down the economy???


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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OfflineBigbadwooof
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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03] * 1
    #23396249 - 06/30/16 03:12 AM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

qman said:
I could care less about Dodd-Frank....  If you don't have a "too big to fail" policy, you don't need regulations such as Dodd-Frank!



Huh?!?  Are you saying you think it's ok for banks/corporations to become so large that their failure would bring down the economy???




I think what he is saying is that we shouldn't allow big banks to become so big that their failure could potentially collapse the economy, and then we don't need so many regulations. The problem there is that they already are that big, and we would need regulations to prevent it regardless. Deregulation will only feed the banks, make them larger, and make economic collapse more likely.

He'll defend any idiotic thing Trump says/does, regardless. He defended Trump for mocking the handicapable guy...  Because it happened a while ago (a few months). Yes, Trump supporters have low attention spans. If it's still not posted on someone's twitter feed, then it is irrelevant.

This election is a shitty fucking joke. I keep wishing this nightmare would end, and it appears there is no end in sight. We do need a do-over.

I wish Nina Turner had run. She would have taken the black vote from Hillary, and won the progressive vote, and much of the feminazi vote..


--------------------
"It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti
FARTS
"There is no need for conspiracy where interests converge" - George Carlin
Every one of you should see this video.
"If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy


Edited by Bigbadwooof (06/30/16 03:15 AM)


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Invisibleluvdemshrooms
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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof] * 1
    #23396523 - 06/30/16 06:33 AM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
This election is a shitty fucking joke.




:yesnod:


--------------------
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers


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Offlineqman
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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03] * 1
    #23396652 - 06/30/16 07:31 AM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

qman said:
I could care less about Dodd-Frank....  If you don't have a "too big to fail" policy, you don't need regulations such as Dodd-Frank!



Huh?!?  Are you saying you think it's ok for banks/corporations to become so large that their failure would bring down the economy???




Are you suggesting that Dodd-Frank limits "banks to become so large"? 

My point is that if the banks already know in advance that there's no "too big to fail" bailout in the future, they will act more responsibly.

"their failure would bring down the economy???"

That's nothing more than a speculation, bond defaults, insolvency, bankruptcy, and the selling of distressed assets are all parts of capitalism that function when given the chance.


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OfflineTipote
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Re: Elizabeth Warren Campaigning for Clinton [Re: qman] * 1
    #23396732 - 06/30/16 08:00 AM (7 years, 6 months ago)

that smug look on clintons face.


--------------------
War is Peace, Freedom is Slavery, Ignorance is Strength


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OfflineBigbadwooof
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Re: Elizabeth Warren Campaigning for Clinton [Re: Tipote]
    #23397530 - 06/30/16 01:23 PM (7 years, 6 months ago)

Quote:

Tipote said:
that smug look on clintons face.





:laugh2:


--------------------
"It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti
FARTS
"There is no need for conspiracy where interests converge" - George Carlin
Every one of you should see this video.
"If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy


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OfflineFalcon91Wolvrn03
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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23400101 - 07/01/16 06:32 AM (7 years, 6 months ago)

Quote:

qman said:
Are you suggesting that Dodd-Frank limits "banks to become so large"?

My point is that if the banks already know in advance that there's no "too big to fail" bailout in the future, they will act more responsibly.



If you're a senior executive faced with the following choices, which would you take?

    a. Make tens of millions of dollars a year and be set for life by making risky investments, with a very good possibility that your company will fail?
    b. Make hundreds of thousands of dollars a year by making safe investments and having to work your whole life, with only a small possibility that your company will fail?

Most people would (and did) choose the former.

Quote:

qman said:
"their failure would bring down the economy???"

That's nothing more than a speculation, bond defaults, insolvency, bankruptcy, and the selling of distressed assets are all parts of capitalism that function when given the chance.



You obviously weren't paying any attention during the recession.  Henry Paulson, a free market republican that HATES Government intervention and who allowed Lehman Brothers to go bankrupt, realized the Government had no choice but to step in to prevent an ongoing domino effect from collapsing the economy.  He's the last guy that would have wanted to do that.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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Offlinehostileuniverse
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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23400301 - 07/01/16 08:12 AM (7 years, 6 months ago)

Quote:

qman said:
Quote:

Falcon91Wolvrn03 said:
Quote:

qman said:
I could care less about Dodd-Frank....  If you don't have a "too big to fail" policy, you don't need regulations such as Dodd-Frank!



Huh?!?  Are you saying you think it's ok for banks/corporations to become so large that their failure would bring down the economy???




Are you suggesting that Dodd-Frank limits "banks to become so large"? 

My point is that if the banks already know in advance that there's no "too big to fail" bailout in the future, they will act more responsibly.

"their failure would bring down the economy???"

That's nothing more than a speculation, bond defaults, insolvency, bankruptcy, and the selling of distressed assets are all parts of capitalism that function when given the chance.





The same fucking retards who think bank failures would collapse the worlds economy have been saying Brexit would collapse the UK economy, they never get tired of being profoundly fucking wrong on EVERY SINGLE ISSUE


--------------------
http://www.countdowntotrump.com





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Offlineqman
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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03]
    #23400312 - 07/01/16 08:14 AM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

qman said:
Are you suggesting that Dodd-Frank limits "banks to become so large"?

My point is that if the banks already know in advance that there's no "too big to fail" bailout in the future, they will act more responsibly.



If you're a senior executive faced with the following choices, which would you take?

    a. Make tens of millions of dollars a year and be set for life by making risky investments, with a very good possibility that your company will fail?
    b. Make hundreds of thousands of dollars a year by making safe investments and having to work your whole life, with only a small possibility that your company will fail?

Most people would (and did) choose the former.

Quote:

qman said:
"their failure would bring down the economy???"

That's nothing more than a speculation, bond defaults, insolvency, bankruptcy, and the selling of distressed assets are all parts of capitalism that function when given the chance.



You obviously weren't paying any attention during the recession.  Henry Paulson, a free market republican that HATES Government intervention and who allowed Lehman Brothers to go bankrupt, realized the Government had no choice but to step in to prevent an ongoing domino effect from collapsing the economy.  He's the last guy that would have wanted to do that.




So executives inherently risk the solvency of the companies they manage for personal monetary gain?  That's not a very rational thesis, does the Exxon CEO  constantly do risky exploration all over the world in hopes of hitting the mother lode of oil? No, why?  Because he knows there's no government bailout on the horizon if he fucks up.

The Bankers only did what they did because they knew they had a safety net, take the safety net away and the risky behavior changes in short order. BTW, small and medium sized banks did NOT engage in the same behavior, why?  Because they didn't want to bankrupt their company.

"Henry Paulson"

Wonderful, Colin Powell was the last person that wanted to go into Iraq, so when he put his seal of approval on the invasion the majority of skeptics "realized the government had no choice but to step in". I don't put much stock into political pawns and their rationalizations.


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Offlinehostileuniverse
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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23400585 - 07/01/16 10:07 AM (7 years, 6 months ago)

Bailouts encourage risky behavior, not stifle it.


--------------------
http://www.countdowntotrump.com





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OfflineFalcon91Wolvrn03
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Re: Elizabeth Warren Campaigning for Clinton [Re: hostileuniverse] * 1
    #23401139 - 07/01/16 01:14 PM (7 years, 6 months ago)

Quote:

hostileuniverse said:
The same fucking retards who think bank failures would collapse the worlds economy have been saying Brexit would collapse the UK economy, they never get tired of being profoundly fucking wrong on EVERY SINGLE ISSUE



First of all, why do you think it's the "same retards"?  Free market conservatives have also said too big to fail banks would bring down the economy if they were allowed to fail, and that's what was happening before they were bailed out.

Second, Britain hasn't exited from the EU yet, so we don't yet know the financial costs.  The drop in the value of the pound has already cost Britain hundreds of billions of dollars even without exiting.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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OfflineFalcon91Wolvrn03
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Re: Elizabeth Warren Campaigning for Clinton [Re: qman] * 2
    #23401197 - 07/01/16 01:41 PM (7 years, 6 months ago)

Quote:

qman said:
So executives inherently risk the solvency of the companies they manage for personal monetary gain?  That's not a very rational thesis, does the Exxon CEO  constantly do risky exploration all over the world in hopes of hitting the mother lode of oil?



Bad example.  Before the mortgage crisis, banks were giving out a ton of risky subprime mortgages, because they were certain to make money on that.  Your example isn't about certain money.

Quote:

qman said:
The Bankers only did what they did because they knew they had a safety net, take the safety net away and the risky behavior changes in short order.



Wrong again.  Was there a safety net for Lehman Brothers?  No, because the Government didn't believe in safety nets, until they realized that they had no choice to prevent a collapse.

Quote:

qman said:
BTW, small and medium sized banks did NOT engage in the same behavior, why?  Because they didn't want to bankrupt their company.



Wrong yet again.  Small and medium sized banks issued subprime mortgages as well, and a great many of them failed without a bailout.

Quote:

qman said:
"Henry Paulson"

Wonderful, Colin Powell was the last person that wanted to go into Iraq, so when he put his seal of approval on the invasion the majority of skeptics "realized the government had no choice but to step in". I don't put much stock into political pawns and their rationalizations.



A fair point, except that in the case of Iraq, we know Powell made a mistake, and he does too.


--------------------
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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03] * 1
    #23401395 - 07/01/16 02:54 PM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

hostileuniverse said:
The same fucking retards who think bank failures would collapse the worlds economy have been saying Brexit would collapse the UK economy, they never get tired of being profoundly fucking wrong on EVERY SINGLE ISSUE



First of all, why do you think it's the "same retards"?  Free market conservatives have also said too big to fail banks would bring down the economy if they were allowed to fail, and that's what was happening before they were bailed out.

Second, Britain hasn't exited from the EU yet, so we don't yet know the financial costs.  The drop in the value of the pound has already cost Britain hundreds of billions of dollars even without exiting.




Because he doesn't think. He just says shit.

I'm wondering when HU will get tired of being wrong about everything, honestly.


--------------------
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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof] * 1
    #23401404 - 07/01/16 02:57 PM (7 years, 6 months ago)

You have to break up the banks to prevent 'too big to fail' from being a problem. Over time the banks will consolidate once again, and create this problem again, because that is the nature of Capitalism, but in the short term, that solves the problem. Deregulation certainly isn't the solution. Please explain to me how it is.

It is, and has been, conventional knowledge that when banks become too large, and engage in risky behavior, the possibility of economic collapse becomes very real.


--------------------
"It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti
FARTS
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Every one of you should see this video.
"If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy


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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03]
    #23401423 - 07/01/16 03:04 PM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

hostileuniverse said:
The same fucking retards who think bank failures would collapse the worlds economy have been saying Brexit would collapse the UK economy, they never get tired of being profoundly fucking wrong on EVERY SINGLE ISSUE



First of all, why do you think it's the "same retards"?  Free market conservatives have also said too big to fail banks would bring down the economy if they were allowed to fail, and that's what was happening before they were bailed out.

Second, Britain hasn't exited from the EU yet, so we don't yet know the financial costs.  The drop in the value of the pound has already cost Britain hundreds of billions of dollars even without exiting.




Let me guess, you think Bush was some sort of free market capitalist? News flash Einstein, republican does NOT equal "free market capitalist"

The ones who opposed the bailouts, how do you describe them? I suppose they are just ignorant rubes, not smart enough to see how smart the elitist big govt ruling class are, right?

As for the drop in the Pound, when arguing progressive policies, progs never seem to care what it's Gonna cost the citizens, now all the sudden they care? How sweet :whatever:


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Re: Elizabeth Warren Campaigning for Clinton [Re: hostileuniverse]
    #23401603 - 07/01/16 04:13 PM (7 years, 6 months ago)

Quote:

hostileuniverse said:
:whatever:




weird emoji. are you sheepishly offering us handjobs?


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Re: Elizabeth Warren Campaigning for Clinton [Re: Tipote]
    #23401682 - 07/01/16 04:43 PM (7 years, 6 months ago)

Quote:

Tipote said:
Quote:

hostileuniverse said:
:whatever:




weird emoji. are you sheepishly offering us handjobs?




Oh hey look, more belittling and derailments from a progressive, are you too fucking scared to reply based on merit? Is shallow insults all you have? Sounds like a loser position to me:flowstone:


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Re: Elizabeth Warren Campaigning for Clinton [Re: hostileuniverse] * 1
    #23401770 - 07/01/16 05:14 PM (7 years, 6 months ago)

Quote:

hostileuniverse said:
Quote:

Tipote said:
Quote:

hostileuniverse said:
:whatever:




weird emoji. are you sheepishly offering us handjobs?




Oh hey look, more belittling and derailments from a progressive, are you too fucking scared to reply based on merit? Is shallow insults all you have? Sounds like a loser position to me:flowstone:




chill out dude I was just making a joke. You're always so butthurt and with such a victim mentality.


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Re: Elizabeth Warren Campaigning for Clinton [Re: Tipote]
    #23401783 - 07/01/16 05:23 PM (7 years, 6 months ago)

Quote:

Tipote said:
Quote:

hostileuniverse said:
Quote:

Tipote said:
Quote:

hostileuniverse said:
:whatever:




weird emoji. are you sheepishly offering us handjobs?




Oh hey look, more belittling and derailments from a progressive, are you too fucking scared to reply based on merit? Is shallow insults all you have? Sounds like a loser position to me:flowstone:




chill out dude I was just making a joke. You're always so butthurt and with such a victim mentality.



:carlinorgasm:


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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03]
    #23401810 - 07/01/16 05:32 PM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

qman said:
So executives inherently risk the solvency of the companies they manage for personal monetary gain?  That's not a very rational thesis, does the Exxon CEO  constantly do risky exploration all over the world in hopes of hitting the mother lode of oil?



Bad example.  Before the mortgage crisis, banks were giving out a ton of risky subprime mortgages, because they were certain to make money on that.  Your example isn't about certain money.

Quote:

qman said:
The Bankers only did what they did because they knew they had a safety net, take the safety net away and the risky behavior changes in short order.



Wrong again.  Was there a safety net for Lehman Brothers?  No, because the Government didn't believe in safety nets, until they realized that they had no choice to prevent a collapse.

Quote:

qman said:
BTW, small and medium sized banks did NOT engage in the same behavior, why?  Because they didn't want to bankrupt their company.



Wrong yet again.  Small and medium sized banks issued subprime mortgages as well, and a great many of them failed without a bailout.

Quote:

qman said:
"Henry Paulson"

Wonderful, Colin Powell was the last person that wanted to go into Iraq, so when he put his seal of approval on the invasion the majority of skeptics "realized the government had no choice but to step in". I don't put much stock into political pawns and their rationalizations.



A fair point, except that in the case of Iraq, we know Powell made a mistake, and he does too.




Of course banks made money BEFORE the mortgage crisis, that's NOT the point, they knew that people could never make the payments once the terms of payment changed, that means default.

"Lehman Brothers"

Was a choice to let it go, the other banks were in no different of a situation. Why do you buy everything the people at the top told you about the "crisis"?

I should have said MANY small and medium size banks did NOT engage in risky lending practices, you are exactly right in that many did fail.


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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23401818 - 07/01/16 05:36 PM (7 years, 6 months ago)

Stop derailing this thread with nonsensical bullshit please.

Let's talk about Elizabeth Warren being a cunt (yes, a cunt), for (Refer to video in OP).


--------------------
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FARTS
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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23401825 - 07/01/16 05:37 PM (7 years, 6 months ago)

It's funny that the govt didn't bail out Trump when his businesses tan into trouble, I guess they didn't care about all his contractors, but the big banks execs... BAIL OUT!


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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23401828 - 07/01/16 05:38 PM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
You have to break up the banks to prevent 'too big to fail' from being a problem. Over time the banks will consolidate once again, and create this problem again, because that is the nature of Capitalism, but in the short term, that solves the problem. Deregulation certainly isn't the solution. Please explain to me how it is.

It is, and has been, conventional knowledge that when banks become too large, and engage in risky behavior, the possibility of economic collapse becomes very real.




LET THEM FAIL, they will stop engaging in risky behavior, or better yet, bring back https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Legislation.

These elite try to scare the shit out of people like Fal so they get "too big too fail" status. Guess what?  Bond defaults, insolvency and bankruptcy are all parts of capitalism!!!  It's not a economic collapse when it happens.

They want people to believe in the crony capitalism that keeps them in power, I refuse to support that nonsense.


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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof] * 1
    #23401832 - 07/01/16 05:40 PM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
Stop derailing this thread with nonsensical bullshit please.

Let's talk about Elizabeth Warren being a cunt (yes, a cunt), for (Refer to video in OP).




Didn't mean to derail, but with that being said, isn't Warren a big critic of the banks?  What's her solution?  Status quo!!


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Re: Elizabeth Warren Campaigning for Clinton [Re: hostileuniverse]
    #23401875 - 07/01/16 05:54 PM (7 years, 6 months ago)

Quote:

hostileuniverse said:
It's funny that the govt didn't bail out Trump when his businesses tan into trouble, I guess they didn't care about all his contractors, but the big banks execs... BAIL OUT!




I'm curious, would you have supported bailing Donald Trump out during all of his many, many failures?


--------------------
"It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti
FARTS
"There is no need for conspiracy where interests converge" - George Carlin
Every one of you should see this video.
"If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy


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Re: Elizabeth Warren Campaigning for Clinton [Re: qman] * 1
    #23401876 - 07/01/16 05:55 PM (7 years, 6 months ago)

Quote:

qman said:
Quote:

Bigbadwooof said:
Stop derailing this thread with nonsensical bullshit please.

Let's talk about Elizabeth Warren being a cunt (yes, a cunt), for (Refer to video in OP).




Didn't mean to derail, but with that being said, isn't Warren a big critic of the banks?  What's her solution?  Status quo!!





Her solution is to break them up. It's the correct solution. Hillary does not agree with her, of course.


--------------------
"It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti
FARTS
"There is no need for conspiracy where interests converge" - George Carlin
Every one of you should see this video.
"If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy


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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23401886 - 07/01/16 05:58 PM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
Quote:

hostileuniverse said:
It's funny that the govt didn't bail out Trump when his businesses tan into trouble, I guess they didn't care about all his contractors, but the big banks execs... BAIL OUT!




I'm curious, would you have supported bailing Donald Trump out during all of his many, many failures?




First off, trump has had MANY more successes than failures and to deny that is strait up bitch behavior

Scondly, I think we all know the ONLY jobs that matter are union democrat voting jobs and big bank exec democrat donating jobs

That said. No, I do not support bailouts of any kind


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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23401890 - 07/01/16 05:59 PM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
Quote:

qman said:
Quote:

Bigbadwooof said:
Stop derailing this thread with nonsensical bullshit please.

Let's talk about Elizabeth Warren being a cunt (yes, a cunt), for (Refer to video in OP).




Didn't mean to derail, but with that being said, isn't Warren a big critic of the banks?  What's her solution?  Status quo!!





Her solution is to break them up. It's the correct solution. Hillary does not agree with her, of course.




Yet, there she is supporting Hillary "birds of a feather"


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Re: Elizabeth Warren Campaigning for Clinton [Re: hostileuniverse]
    #23402517 - 07/01/16 09:59 PM (7 years, 6 months ago)

Quote:

hostileuniverse said:
Let me guess, you think Bush was some sort of free market capitalist? News flash Einstein, republican does NOT equal "free market capitalist"

The ones who opposed the bailouts, how do you describe them? I suppose they are just ignorant rubes, not smart enough to see how smart the elitist big govt ruling class are, right?



I never referred to Bush, and the ones that opposed the bailouts are the ones that said 'let the economy fail'.

Quote:

hostileuniverse said:
As for the drop in the Pound, when arguing progressive policies, progs never seem to care what it's Gonna cost the citizens, now all the sudden they care? How sweet :whatever:



Most of my posts are in support of the middle class.  Quit making things up, Mr Straw Man King, it's really getting old.


--------------------
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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23402535 - 07/01/16 10:07 PM (7 years, 6 months ago)

Quote:

qman said:
Of course banks made money BEFORE the mortgage crisis, that's NOT the point, they knew that people could never make the payments once the terms of payment changed, that means default.



It's exactly the point.  The oil companies in your example weren't guaranteed to make money; that's why they didn't "constantly do risky exploration all over the world in hopes of hitting the mother lode of oil".  The banks selling risky mortgages were guaranteed to make money because they resold their mortgages to offload the risk they took on.

Quote:

qman said:
"Lehman Brothers"

Was a choice to let it go, the other banks were in no different of a situation. Why do you buy everything the people at the top told you about the "crisis"?



The economy started to collapse after the fall the Lehman Brothers.  Bear Stearns and AIG were even bigger, and those would have had a much greater impact on the economy.

Quote:

qman said:
I should have said MANY small and medium size banks did NOT engage in risky lending practices, you are exactly right in that many did fail.



And a good number of big banks didn't engage in risky behavior either.  The point is that most didn't care about the risks of their behavior as long as they were guaranteed to make short term profits.


--------------------
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Re: Elizabeth Warren Campaigning for Clinton [Re: hostileuniverse]
    #23402541 - 07/01/16 10:09 PM (7 years, 6 months ago)

Quote:

hostileuniverse said:
It's funny that the govt didn't bail out Trump when his businesses tan into trouble, I guess they didn't care about all his contractors, but the big banks execs... BAIL OUT!



Companies that weren't "too big to fail" weren't bailed out.  Government needs to prevent companies from becoming too big to fail in the first place.  That's one of the things that Dodd Frank was intended to help do.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23402566 - 07/01/16 10:19 PM (7 years, 6 months ago)

Quote:

qman said:
bring back https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Legislation.



I agree.  :thumbup:

Quote:

qman said:
These elite try to scare the shit out of people like Fal so they get "too big too fail" status. Guess what?  Bond defaults, insolvency and bankruptcy are all parts of capitalism!!!  It's not a economic collapse when it happens.



So the first Great Depression wasn't an economic collapse?  The recovery happened on its own without the Government spending ridiculous amounts of money to restimulate the economy?

Quote:

qman said:
They want people to believe in the crony capitalism that keeps them in power, I refuse to support that nonsense.



I hate crony capitalism as much as anyone.  That's why I'm calling for Government regulations to prevent the need for any future Government bailout.  You may think Great Depressions are just a natural part of capitalism, but they are tremendously devastating, and Government help is needed to kick start the economy during a depression.  History provides very clear evidence of this.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23402570 - 07/01/16 10:21 PM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
Quote:

qman said:
Quote:

Bigbadwooof said:
Stop derailing this thread with nonsensical bullshit please.

Let's talk about Elizabeth Warren being a cunt (yes, a cunt), for (Refer to video in OP).




Didn't mean to derail, but with that being said, isn't Warren a big critic of the banks?  What's her solution?  Status quo!!





Her solution is to break them up. It's the correct solution. Hillary does not agree with her, of course.



Yes, back on topic.  Warren is a supporter of breaking up big banks.  I don't know why she supports Hillary.


--------------------
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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03]
    #23402619 - 07/01/16 10:43 PM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Yes, back on topic.  Warren is a supporter of breaking up big banks.  I don't know why she supports Hillary.




I know why she is doing it, honestly. I believe she was one of a very few female congress people who did not endorse Hillary until the nomination process was essentially over. Now, she sees Hillary as a far better candidate than Trump, and she knows that Bernie supporters like her a lot, so she is doing what she can to prevent a Trump presidency. I'm sure she doesn't want to do it.

Regardless, the last thing we need right now is politicians who won't stand by their principles (or don't have any). For that, to me, she is a useless cunt.


--------------------
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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23402641 - 07/01/16 10:55 PM (7 years, 6 months ago)

Makes sense.  :thumbup:


--------------------
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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03]
    #23403194 - 07/02/16 06:15 AM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

qman said:
bring back https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Legislation.



I agree.  :thumbup:

Quote:

qman said:
These elite try to scare the shit out of people like Fal so they get "too big too fail" status. Guess what?  Bond defaults, insolvency and bankruptcy are all parts of capitalism!!!  It's not a economic collapse when it happens.



So the first Great Depression wasn't an economic collapse?  The recovery happened on its own without the Government spending ridiculous amounts of money to restimulate the economy?

Quote:

qman said:
They want people to believe in the crony capitalism that keeps them in power, I refuse to support that nonsense.



I hate crony capitalism as much as anyone.  That's why I'm calling for Government regulations to prevent the need for any future Government bailout.  You may think Great Depressions are just a natural part of capitalism, but they are tremendously devastating, and Government help is needed to kick start the economy during a depression.  History provides very clear evidence of this.




Govt regulation is crony capitalism, you support the very thing you claim to be against:facepalm3:


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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03]
    #23403200 - 07/02/16 06:22 AM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

qman said:
Of course banks made money BEFORE the mortgage crisis, that's NOT the point, they knew that people could never make the payments once the terms of payment changed, that means default.



It's exactly the point.  The oil companies in your example weren't guaranteed to make money; that's why they didn't "constantly do risky exploration all over the world in hopes of hitting the mother lode of oil".  The banks selling risky mortgages were guaranteed to make money because they resold their mortgages to offload the risk they took on.

Quote:

qman said:
"Lehman Brothers"

Was a choice to let it go, the other banks were in no different of a situation. Why do you buy everything the people at the top told you about the "crisis"?



The economy started to collapse after the fall the Lehman Brothers.  Bear Stearns and AIG were even bigger, and those would have had a much greater impact on the economy.

Quote:

qman said:
I should have said MANY small and medium size banks did NOT engage in risky lending practices, you are exactly right in that many did fail.



And a good number of big banks didn't engage in risky behavior either.  The point is that most didn't care about the risks of their behavior as long as they were guaranteed to make short term profits.




"they resold their mortgages to offload the risk they took on"

They resold SOME of the mortgages, obviously not enough to avoid insolvency. So the fact of the matter is they made SHORT term profits while at the same time leading to their own destruction, no sane executive engages in that behavior unless they already know "too big too fail" is their safety net. If a bank is leveraged 20 to 1, what percentage of bad mortgages does it take to become insolvent?  Just 5%.

"A good number of big banks didn't engage in risky behavior either"

Some large REGIONAL banks didn't engage in risky behavior, all of the "big" banks (Citi, BAC, JPM, WF, GS, MS) did engage in the risky behavior. I wonder why? :lol:


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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23403448 - 07/02/16 08:41 AM (7 years, 6 months ago)



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Re: Elizabeth Warren Campaigning for Clinton [Re: hostileuniverse] * 1
    #23403976 - 07/02/16 12:18 PM (7 years, 6 months ago)

Quote:

hostileuniverse said:
Govt regulation is crony capitalism, you support the very thing you claim to be against:facepalm3:



You are a living facepalm.  :picard:

It is only crony capitalism when it benefits the rich.  Rules to end too big to fail is NOT crony capitalism.


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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23403988 - 07/02/16 12:24 PM (7 years, 6 months ago)

Quote:

qman said:
Quote:

Falcon91Wolvrn03 said:
they resold their mortgages to offload the risk they took on



They resold SOME of the mortgages, obviously not enough to avoid insolvency. So the fact of the matter is they made SHORT term profits while at the same time leading to their own destruction, no sane executive engages in that behavior unless they already know "too big too fail" is their safety net.



The safety net was only granted to the too big to fail banks AFTER the economy was tanking hard.  The banks that weren't too big to fail went bankrupt - as it should have been.


--------------------
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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03]
    #23404132 - 07/02/16 01:23 PM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

hostileuniverse said:
Govt regulation is crony capitalism, you support the very thing you claim to be against:facepalm3:



You are a living facepalm.  :picard:

It is only crony capitalism when it benefits the rich.  Rules to end too big to fail is NOT crony capitalism.





BS, you have dems right now fighting to put Uber out of business by way of their "safety regulations" that's crony capitilaism and its supported by dems becuase it benefits their party from big union labor donations.

The bank regulations are the same way, it protects the big banks, because they can afford to implement the rules, smaller banks can't.


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Re: Elizabeth Warren Campaigning for Clinton [Re: hostileuniverse]
    #23404202 - 07/02/16 02:03 PM (7 years, 6 months ago)

Quote:

hostileuniverse said:
BS, you have dems right now fighting to put Uber out of business by way of their "safety regulations" that's crony capitilaism and its supported by dems becuase it benefits their party from big union labor donations.



I'm not aware of Democrats trying to put Uber out of business.  The only safety regulation I'm aware of is background checks for drivers.  Is that what you're talking about, or is there something else I'm not familiar with?


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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03]
    #23404364 - 07/02/16 03:08 PM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

hostileuniverse said:
BS, you have dems right now fighting to put Uber out of business by way of their "safety regulations" that's crony capitilaism and its supported by dems becuase it benefits their party from big union labor donations.



I'm not aware of Democrats trying to put Uber out of business.  The only safety regulation I'm aware of is background checks for drivers.  Is that what you're talking about, or is there something else I'm not familiar with?




Lol, you really do only read left wing blogs, don't you?

Austin along with New York and Chicago have proposed regulating them becuase they are not unionized, they are cheaper than unionized labor cabs and therefore deemed "unsafe" do you really not see the collusion? Are you really that fucking blind?

You can play the safety card all you want, once again, burdensome govt regulations will put a small company and private contractors out of business to favor their union buddies. Yes, that's crony capitalism

https://techcrunch.com/2016/05/09/uber-and-lyft-pause-austin-operations-in-standoff-over-regulation/

Drunk driving rates will increase, but hey, at least unions are protected!:whatever:


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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03]
    #23408362 - 07/03/16 08:34 PM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

qman said:
Quote:

Falcon91Wolvrn03 said:
they resold their mortgages to offload the risk they took on



They resold SOME of the mortgages, obviously not enough to avoid insolvency. So the fact of the matter is they made SHORT term profits while at the same time leading to their own destruction, no sane executive engages in that behavior unless they already know "too big too fail" is their safety net.



The safety net was only granted to the too big to fail banks AFTER the economy was tanking hard.  The banks that weren't too big to fail went bankrupt - as it should have been.




So a economy that's potentially tanking justifies safety nets for irresponsible behavior from large banks?  I don't think so.


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Re: Elizabeth Warren Campaigning for Clinton [Re: qman] * 1
    #23408487 - 07/03/16 09:14 PM (7 years, 6 months ago)

Quote:

qman said:
Quote:

Falcon91Wolvrn03 said:
Quote:

qman said:
Quote:

Falcon91Wolvrn03 said:
they resold their mortgages to offload the risk they took on



They resold SOME of the mortgages, obviously not enough to avoid insolvency. So the fact of the matter is they made SHORT term profits while at the same time leading to their own destruction, no sane executive engages in that behavior unless they already know "too big too fail" is their safety net.



The safety net was only granted to the too big to fail banks AFTER the economy was tanking hard.  The banks that weren't too big to fail went bankrupt - as it should have been.




So a economy that's potentially tanking justifies safety nets for irresponsible behavior from large banks?  I don't think so.




Wasn't a stipulation of the bailouts that the banks were supposed to be spllt up? I believe it was, but because of their influence, it never came to fruition. I've heard E. Warren making calls for this on multiple occasions.


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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23409538 - 07/04/16 07:42 AM (7 years, 6 months ago)



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Re: Elizabeth Warren Campaigning for Clinton [Re: hostileuniverse]
    #23410398 - 07/04/16 01:22 PM (7 years, 6 months ago)

Quote:

hostileuniverse said:
Quote:

Falcon91Wolvrn03 said:
Quote:

hostileuniverse said:
BS, you have dems right now fighting to put Uber out of business by way of their "safety regulations" that's crony capitilaism and its supported by dems becuase it benefits their party from big union labor donations.



I'm not aware of Democrats trying to put Uber out of business.  The only safety regulation I'm aware of is background checks for drivers.  Is that what you're talking about, or is there something else I'm not familiar with?



Lol, you really do only read left wing blogs, don't you?

Austin along with New York and Chicago have proposed regulating them becuase they are not unionized, they are cheaper than unionized labor cabs and therefore deemed "unsafe"



No one but you claims cheaper service makes Uber unsafe.  Can you ever make just ONE post without a straw man???  I read your article; it wasn't about safety.

Quote:

hostileuniverse said:
You can play the safety card all you want, once again, burdensome govt regulations will put a small company and private contractors out of business to favor their union buddies. Yes, that's crony capitalism



No one but you says unions makes Uber safer, Mr Straw Man King.  :picard:  :shake:


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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23410410 - 07/04/16 01:28 PM (7 years, 6 months ago)

Quote:

qman said:
So a economy that's potentially tanking justifies safety nets for irresponsible behavior from large banks?  I don't think so.



It's either that or suffer a Great Depression.

The point is that businesses should never have been allowed to become too big to fail.  Wooof is correct in that they should have broken up the too big to fail banks so this never happens again.


--------------------
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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03]
    #23410448 - 07/04/16 01:42 PM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

qman said:
So a economy that's potentially tanking justifies safety nets for irresponsible behavior from large banks?  I don't think so.



It's either that or suffer a Great Depression.

The point is that businesses should never have been allowed to become too big to fail.  Wooof is correct in that they should have broken up the too big to fail banks so this never happens again.




They were breaking up naturally until the crony capitalists came in to save themselves.

Now you want them broken up after the fact, I'm afraid it might be too late for that to happen anytime soon.

The next time market speculators appear to be bringing down the economy, let them receive the misfortunes they deserve instead of rewarding them.


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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23410529 - 07/04/16 02:14 PM (7 years, 6 months ago)

Quote:

qman said:
They were breaking up naturally until the crony capitalists came in to save themselves.



Huh?  Can you please explain?

Quote:

qman said:
Now you want them broken up after the fact, I'm afraid it might be too late for that to happen anytime soon.



I wanted them broken up before the fact, but especially now after the fact.  Why is it too late for Congress to do something?

Quote:

qman said:
The next time market speculators appear to be bringing down the economy, let them receive the misfortunes they deserve instead of rewarding them.



I'm in favor of that, but not at the expense of brining down the economy for everyone else.  Many of these bankers should be in jail.


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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03]
    #23410603 - 07/04/16 02:33 PM (7 years, 6 months ago)

The banks were breaking up naturally in the financial markets, when the bank goes into bankruptcy it's breaking up!

Everything would have worked out just fine if the process was given a chance to work, insolvency, bond defaults, and bankruptcy are all healthy parts of capitalism.

Congress is bought and paid for by the financial lobbyists, they aren't going to be pushing for breaking up their own interests.


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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23410752 - 07/04/16 03:28 PM (7 years, 6 months ago)

I think qman has a point, though I don't like seeing American people suffer for the fuck ups of bankers. That said, a significant portion of the population suffered dearly. We should have used the stimulus to bail them out, instead of bailing the banks out. It would have been a huge popularity booster for the federal government also. FDR bailed out mainstream, Bush/Obama bailed out wall street.

The problem is that the banks have such a powerful influence on the federal government (Clinton's relationship with Goldmann Sachs, for instance), that it is very difficult to break them up after the fact.

I don't pretend to be the most knowledgeable on all of this, but that is what I understand. Correct me if I am wrong, but wasn't it a stipulation of the bailout that the banks be broken up?


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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof] * 1
    #23410760 - 07/04/16 03:31 PM (7 years, 6 months ago)

By the way Falcon, you may just want to block HU like myself and Airclay have done. The forum appears to be a reasonable place once again :wink:

We have to stop fueling his stupid shit.


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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23410866 - 07/04/16 03:57 PM (7 years, 6 months ago)

Quote:

qman said:
The banks were breaking up naturally in the financial markets, when the bank goes into bankruptcy it's breaking up!



I don't think you appreciate the implications that would have on the rest of the economy.  If AIG (for example) went bankrupt, the trillions it owed to other companies wouldn't get paid off, and those other companies would then also go bankrupt, which in turn would cause yet another set of companies to go bankrupt.  Sure, AIG deserved it, maybe even companies that bought derivatives from AIG deserved it.  But companies that are further removed from AIG don't deserve it.

Quote:

qman said:
Everything would have worked out just fine if the process was given a chance to work, insolvency, bond defaults, and bankruptcy are all healthy parts of capitalism.



I keep telling you, the Government tried that with Lehman Brothers, and it proved to be a miserable failure.  The companies that followed were even larger.  We've GOT to limit the size of corporations.

Quote:

qman said:
Congress is bought and paid for by the financial lobbyists, they aren't going to be pushing for breaking up their own interests.



That's fairly true today, but hopefully it changes soon.  :shrug:


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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23410884 - 07/04/16 04:02 PM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
We should have used the stimulus to bail them out, instead of bailing the banks out. It would have been a huge popularity booster for the federal government also. FDR bailed out mainstream, Bush/Obama bailed out wall street.



Absolutely.

By the way, another point that's really important is that the Government lost nothing on the Troubled Asset Relief Program (TARP).  Those were loans that were paid back.


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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03]
    #23410908 - 07/04/16 04:11 PM (7 years, 6 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

Bigbadwooof said:
We should have used the stimulus to bail them out, instead of bailing the banks out. It would have been a huge popularity booster for the federal government also. FDR bailed out mainstream, Bush/Obama bailed out wall street.



Absolutely.

By the way, another point that's really important is that the Government lost nothing on the Troubled Asset Relief Program (TARP).  Those were loans that were paid back.




Those loans were extremely low interest though, or interest free,  weren't they? Shouldn't we have offered those loans to homeowners who were losing their houses?

Here's how I see it. If we had bailed out main street, that would have indirectly bailed out wall street, because the banks would have received that money, instead of people defaulting on their loans. Instead, the banks got the house, and the bailout, and they got their exorbitant bonuses for nearly crashing the economy. Yes, they should have been jailed. I think this is where the mistrust of government in recent years really started to snowball.

Am I missing something here?


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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23410915 - 07/04/16 04:14 PM (7 years, 6 months ago)

The way I understand the mortgage crisis, is that mortgage lenders created shell companies that took bad loans and gave them higher safety ratings, repackaged them with a new label, and sold them as if they were good. That was the only purpose of the shell companies. Isn't that blatant fraud?

I watched a documentary about Enron too... Holy fuck! You know, I was just a kid at the time, but when I saw what happened with that company, it's almost beyond belief. It just goes to show that these fat cats really aren't deserving of the wages they 'earn'.


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Edited by Bigbadwooof (07/04/16 04:16 PM)


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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof] * 1
    #23410919 - 07/04/16 04:14 PM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
By the way Falcon, you may just want to block HU like myself and Airclay have done. The forum appears to be a reasonable place once again :wink:

We have to stop fueling his stupid shit.



I agree.  Every post is the same:

1. Liberal posts something
2. HU makes a straw man argument and argues against something that was never said
3. Liberal points out the straw man flaw
4. HU accuses liberal of being insulting while calling him a libtard


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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23410954 - 07/04/16 04:27 PM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
Shouldn't we have offered those loans to homeowners who were losing their houses?

Here's how I see it. If we had bailed out main street, that would have indirectly bailed out wall street, because the banks would have received that money, instead of people defaulting on their loans. Instead, the banks got the house, and the bailout, and they got their exorbitant bonuses for nearly crashing the economy. Yes, they should have been jailed. I think this is where the mistrust of government in recent years really started to snowball.

Am I missing something here?



Generally true, except the banks gave loans to people that could NEVER afford to pay them back, so the Government would effectively lose out on much of those loans, and if they forgave that debt, people who were responsible would feel screwed because they'd be the ones paying for it.  I agree Congress could have done a LOT more for Main St though.
Quote:

Bigbadwooof said:
The way I understand the mortgage crisis, is that mortgage lenders created shell companies that took bad loans and gave them higher safety ratings, repackaged them with a new label, and sold them as if they were good. That was the only purpose of the shell companies. Isn't that blatant fraud?



Generally correct, though I'm not aware of them creating shell companies.  They simply sold the bad loans directly to the market because they were overrated, as you noted.  Some of the ratings companies should be punished as well.


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Re: Elizabeth Warren Campaigning for Clinton [Re: Falcon91Wolvrn03]
    #23411004 - 07/04/16 04:42 PM (7 years, 6 months ago)

I will have to look into it some more, but I'm fairly certain that many of the banks were literally creating she'll companies to certify the loans as 'low risk', and resell them. I believe there was some regulation involved that caused them to do this. I just can't remember all of the details.


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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23411037 - 07/04/16 04:54 PM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
I will have to look into it some more, but I'm fairly certain that many of the banks were literally creating she'll companies to certify the loans as 'low risk', and resell them. I believe there was some regulation involved that caused them to do this. I just can't remember all of the details.




Companies like Countrywide and Washington Mutual, ect.

https://en.wikipedia.org/wiki/List_of_banks_acquired_or_bankrupted_during_the_Great_Recession

I believe the "too big too fail" banks are now even bigger on a relative basis.


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OfflineBrian Jones
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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23412687 - 07/05/16 05:43 AM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
I think qman has a point, though I don't like seeing American people suffer for the fuck ups of bankers. That said, a significant portion of the population suffered dearly. We should have used the stimulus to bail them out, instead of bailing the banks out. It would have been a huge popularity booster for the federal government also. FDR bailed out mainstream, Bush/Obama bailed out wall street.

The problem is that the banks have such a powerful influence on the federal government (Clinton's relationship with Goldmann Sachs, for instance), that it is very difficult to break them up after the fact.

I don't pretend to be the most knowledgeable on all of this, but that is what I understand. Correct me if I am wrong, but wasn't it a stipulation of the bailout that the banks be broken up?



No some of the banks were being broken up and some were too big to fail. What drove me crazy was the banks giving Christmas bonuses with the bailout money  to their execs that ruined everything. I was generally an Obama supporter, but he seemed to be too intelligent to not getting a cut of this.


--------------------
"The Rolling Stones will break up over Brian Jones' dead body"    John Lennon

I don't want no commies in my car. No Christians either.

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OfflineBigbadwooof
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Re: Elizabeth Warren Campaigning for Clinton [Re: Brian Jones]
    #23414812 - 07/05/16 07:13 PM (7 years, 6 months ago)

Quote:

Brian Jones said:
Quote:

Bigbadwooof said:
I think qman has a point, though I don't like seeing American people suffer for the fuck ups of bankers. That said, a significant portion of the population suffered dearly. We should have used the stimulus to bail them out, instead of bailing the banks out. It would have been a huge popularity booster for the federal government also. FDR bailed out mainstream, Bush/Obama bailed out wall street.

The problem is that the banks have such a powerful influence on the federal government (Clinton's relationship with Goldmann Sachs, for instance), that it is very difficult to break them up after the fact.

I don't pretend to be the most knowledgeable on all of this, but that is what I understand. Correct me if I am wrong, but wasn't it a stipulation of the bailout that the banks be broken up?



No some of the banks were being broken up and some were too big to fail. What drove me crazy was the banks giving Christmas bonuses with the bailout money  to their execs that ruined everything. I was generally an Obama supporter, but he seemed to be too intelligent to not getting a cut of this.




I wrote that post on my phone, and it appears that auto-correct changed a bunch of words.

Anyways, that's quite a bold statement, to say that Obama took a cut of the bailout money. It wouldn't surprise me, but I have never really considered the idea. I suppose politicians are always brokering their influence for personal gain in some way or another, and I would highly doubt that there wasn't any of that going on in the bailout situation, with all of that money flying around.

The christmas bonuses are what pissed me off more than anything else also. A bonus is supposed to be a reward for good work.


--------------------
"It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti
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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23424829 - 07/08/16 09:17 PM (7 years, 6 months ago)

Has she no shame?????? :smirk:


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OfflineBigbadwooof
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Re: Elizabeth Warren Campaigning for Clinton [Re: starfire_xes]
    #23425187 - 07/08/16 11:06 PM (7 years, 6 months ago)

Quote:

starfire_xes said:
Has she no shame?????? :smirk:




Warren? Apparently not. I'm quite disgusted, and disheartened by this.


--------------------
"It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti
FARTS
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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23427756 - 07/09/16 09:07 PM (7 years, 6 months ago)

Quote:

Bigbadwooof said:
Quote:

starfire_xes said:
Has she no shame?????? :smirk:




Warren? Apparently not. I'm quite disgusted, and disheartened by this.



Quote:

Bigbadwooof said:
Quote:

starfire_xes said:
Has she no shame?????? :smirk:




Warren? Apparently not. I'm quite disgusted, and disheartened by this.




I'm not a Bernie Fan, but on principle, anyone on the left who thinks anything about the situation of the country, would be well advised to support Bermie if they won't vote for Trump.


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Re: Elizabeth Warren Campaigning for Clinton [Re: starfire_xes]
    #23427890 - 07/09/16 10:13 PM (7 years, 6 months ago)

Quote:

starfire_xes said:
I'm not a Bernie Fan, but on principle, anyone on the left who thinks anything about the situation of the country, would be well advised to support Bermie if they won't vote for Trump.




I think a lot of people feel that way. People want someone that the oligarchs and lobbyists haven't sunk their claws into. People want change. Now, the changes that people are after may vary, but in general, I think it's safe to say that the country is not happy with business as usual.

We need change, but change is scary, and if we make the wrong changes, things could get very ugly. I suppose that's Hillary's appeal. Some people aren't ready for drastic change. Things are working alright for them, and they don't care to repair anything that is broken.

If we were to have another stock market crash right now, I think this country would become a very dangerous and wild place.


--------------------
"It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti
FARTS
"There is no need for conspiracy where interests converge" - George Carlin
Every one of you should see this video.
"If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy


Edited by Bigbadwooof (07/09/16 10:14 PM)


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Re: Elizabeth Warren Campaigning for Clinton [Re: Bigbadwooof]
    #23427937 - 07/09/16 10:43 PM (7 years, 6 months ago)

You know, the cards have lined up just right for the democrats.  The shale oil boom has energized the US economy, and the 'Brothers in Sheets' in the middle east having been able to kill the industry with low prices. 

Therefore, the emergence of the US as, once again, and international energy powerhouse has caused the US to start having robust economic growth and good employment.  Inflation looms however.

Now, people try to credit Obama for this, but the energy boom which has revitalized the US is the result of massive oil finds on PRIVATE land, which the government wasn't able to block.

And the US government has gained massive revenue from this--a windfall due to fossil fuel.

Obama fucked this country up good--and the shale oil boom saved his ass.

For that reason, say hello to President Clinton.  Because the US would be sucking shit out of the assholes of third-world countries without the stimulus of the shale oil explosion.

Oh by the way, the Saudis gave up.  They realize they have no influence over the market anymore--if they try to drive production up, then the shale oil people just start pumping again.


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Offlineqman
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Re: Elizabeth Warren Campaigning for Clinton [Re: starfire_xes]
    #23428556 - 07/10/16 07:27 AM (7 years, 6 months ago)

Quote:

starfire_xes said:
You know, the cards have lined up just right for the democrats.  The shale oil boom has energized the US economy, and the 'Brothers in Sheets' in the middle east having been able to kill the industry with low prices. 

Therefore, the emergence of the US as, once again, and international energy powerhouse has caused the US to start having robust economic growth and good employment.  Inflation looms however.

Now, people try to credit Obama for this, but the energy boom which has revitalized the US is the result of massive oil finds on PRIVATE land, which the government wasn't able to block.

And the US government has gained massive revenue from this--a windfall due to fossil fuel.

Obama fucked this country up good--and the shale oil boom saved his ass.

For that reason, say hello to President Clinton.  Because the US would be sucking shit out of the assholes of third-world countries without the stimulus of the shale oil explosion.

Oh by the way, the Saudis gave up.  They realize they have no influence over the market anymore--if they try to drive production up, then the shale oil people just start pumping again.




"robust economic growth and good employment"

:lolwut: http://www.bloomberg.com/news/articles/2016-04-28/u-s-economy-grew-in-first-quarter-at-slowest-pace-in-two-years

"US economy expands to 0.5%...after a 1.4% forth quarter advance"

"The shale oil boom"

You mean shale oil bust?  http://www.cnbc.com/2016/01/11/half-of-us-shale-drillers-may-go-bankrupt-oppenheimers-gheit.html


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OfflineDouglas Howard
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Re: Elizabeth Warren Campaigning for Clinton [Re: qman]
    #23435049 - 07/12/16 02:08 PM (7 years, 6 months ago)



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