Obama Apologists, Please defend this?

[Big Train]

Defense of what? This was a speculative op-ed piece at best...not policy...

It's speculation, but it is based on factual events. It is happening and there is no logic or defense for those actions.


So "perfectly healthy," that they refuse to lend money and are basically stagnate, "zombie-banks" that continue to fluster the economy and stockpile assets...

Well, if they are offering the money back, why not take it back for the pressing needs we have? Offer to banks that will lend it (last I checked, banks aren't "forced" to do anything, per your comments in the AIG thread). In a time where EVERYONE needs funds, when the banks offer the government back their money to be dispersed elsewhere is they want, what is the problem exactly?

It's also what democratic countries do to force necessary change in a very flawed, under-regulated banking system that is obstructionist or is "too big to fail."

Actually, what they do is enforce their own rules, not pull commie-style power plays. This is what Hugo Chavez does, not the USA.

BTW, which communist regime forced the banks to take their money, or rather lent the banks money to lend, then refused to take it back?

More alarmist red-baiting...

Well, most communists have historically had no fucking money, so they just took control. Nothing alarmist at all.

There is no logical defense of the current US banking system that allows for institutions to be "too big to fail" and banks that refuse to lend after years of giving loans to people who might not really have been qualified with predatory lending practices...that certainly HAS NOT been how we've been "doing business for the last 200+ years." Try the last 20 or 30...

I don't think they are refusing to lend at all Nick. Not to mention there are many small banks you can go if you feel like it. I just got a new Amex today, so they are loaning to somebody. They aren't loaning because the market has no defined bottom, so there is no way to figure out what the risk is to anything except people with excellent credit. Printing up a trillion dollars and creating 10 trillion dollar budgets don't create stability, they magnify the conditions we are already in.

But it does create excellent opportunity for exploitation of crises. Ask Soros, I hear he is having a wonderful crisis. Thanks Barry O.

[Nitro Express]

I hate George W. Bush and those of his ilk who allowed it to come to this.
Like Wolfie in VH, However, It was inevitable. We get the leaders we deserve in the end. I fear time will prove President Obama to be just another example .

Yup. These bastards have no power unless the American people give it to them. Obama is just a pitchman for the bankers. He's a fake. I just laugh at the people who call Obama a communist or a socialist. This guy works for Wall Street and The City of London. He likes bankers and he wants to bust the unions to lower wages.

[Nitro Express]

You have a shitty CEO that got paid $50 million a year to run GM into the ground and then a shitty US president forces him to step down which should have been done by the stock holders and the board of directors to begin with. So a shitty government is taking over a shitty corporate system. What is going on here is shit consolidation. We are taking a lot of little turds and making a big ball of shit. Obama is like a dung beetle. He goes around and transfers shit and consolidates it into a bigger pile of shit.

[Nitro Express]

But hey. The last good president we had was John F. Kennedy and the last real leader we had was Eisenhower. The US started to go downhill when the bullet hit Kennedy in the head.

[Big Train]

Hold up Nitro. Obama is run by bankers and big business? I think Nick and I would agree (and that NEVER happens) that Obama is certainly not run by those folks. He has yet to do a single move that benefits them. GM's value is already destroyed. Removing the CEO was window dressing at best.

[Nickdfresh]

I don't think they are refusing to lend at all Nick. Not to mention there are many small banks you can go if you feel like it. I just got a new Amex today, so they are loaning to somebody. They aren't loaning because the market has no defined bottom, so there is no way to figure out what the risk is to anything except people with excellent credit. Printing up a trillion dollars and creating 10 trillion dollar budgets don't create stability, they magnify the conditions we are already in.

But it does create excellent opportunity for exploitation of crises. Ask Soros, I hear he is having a wonderful crisis. Thanks Barry O.

For fuck's sake, could you learn to use the quote function? Is it really that much work/difficult?

[Big Train]

Yes it is I'm quite lazy, as you well know. Back now back to say, the discussion?

[hideyoursheep]

I wonder if Obama knows when or where his bullet will arive ??

You neversaid that about Bush, and God knows you had plenty of reasons. Not like the New Boss had much to work with, or as much time...

When you're down to 1 Strat, then you can cry.

[hideyoursheep]

All these god damned armchair financial experts...



They never seen it coming, and they want our tax money.

But don't tell 'em how they should spend it!

Get fucked!

[Big Train]

Sheep, thats the point. IF that were the case, fine. In most cases, these banks did not want this money and do not need it now. The government is literally forcing them to take it and will not allow it to be given back. What kind of free society allows it businesses to be impeded like this?

If Obama wants that money out on the street somewhere, why not create some new "program" or fed funded "TARP bank" to utilize this money in the way the government sees fit?

If they don't want the money and can't use it, what is the point to force them to keep it? I have yet to hear a logical response to that question anywhere.