Let's get our money back (unemployment, statistics, suspect, state)
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I don't really care what people think, hnsq. I'm just a dude who doesn't like being ripped off. That's exactly what happened to me, you and every other American taxpayer. The Tea Partiers and the OWS both kind of sense this. I think if we actually came together -- rich Americans, poor Americans, conservative, liberal, urban, rural, etc. -- we could actually fix this. Every single American who is not a Wall Street banker has a very vested interested in getting our money back.
Again, do some research... and ask yourself, how did Wall Street banks, which were going to collapse supposedly if they had to eat the losses they created get in a position to pay us back just one year later? Come on. This is not a puzzler. They got it from US ... again.
Don't you want your money back? Let's force them to eat their own losses. Period. I don't like eating other people's s***. Let's take back what is ours.
You don't understand. We ARE getting our money back, and we are getting it back with 8% yearly on top. You seem to ignore actual numbers and rely on emotion when debating. That isn't something I can respect.
When were you 'ripped off' by a bank? Give me a specific example.
You don't understand. We ARE getting our money back, and we are getting it back with 8% yearly on top. You seem to ignore actual numbers and rely on emotion when debating. That isn't something I can respect.
The bailouts go far beyond TARP. I don't know why that is so difficult for you to acknowledge.
you want numbers, how about about Maiden Lane I ? How do those toxic assets we bought figure into your magic "8% return" ?
In March 2008, the Fed, as part of its effort to facilitate JPMorgan Chase’s purchase of Bear Stearns, created Maiden Lane I with a $28.8 billion loan (plus a $1.15 billion loan from JPMorgan Chase) and purchased $30 billion worth of assets – mostly GSE mortgage-backed securities – from Bear Stearns, taking these “toxic assets” off Bear Stearn’s balance sheets before JPMC bought the company.
You don't understand. We ARE getting our money back, and we are getting it back with 8% yearly on top. You seem to ignore actual numbers and rely on emotion when debating. That isn't something I can respect.
When were you 'ripped off' by a bank? Give me a specific example.
H, the case you are making doesn't even pass the logic test. Slow down and think about this. What you are saying is that the bank assets were soooo terrible that the government had to take them off their books and put them on the US taxpayers books. Once they were on the US taxpayers books, they started paying an 8 percent annual return? Quit being a sucker. It's time to force the banks to eat their own damn losses. I want my money back. Do you?
The bailouts go far beyond TARP. I don't know why that is so difficult for you to acknowledge.
you want numbers, how about about Maiden Lane I ? How do those toxic assets we bought figure into your magic "8% return" ?
I don't think you understand that I am giving NET numbers. When did I mention TARP alone? Do you need to to explain what a net amount is? I will be more than happy do to that, if you need it.
Quote:
Originally Posted by WestCobb
H, the case you are making doesn't even pass the logic test. Slow down and think about this. What you are saying is that the bank assets were soooo terrible that the government had to take them off their books and put them on the US taxpayers books. Once they were on the US taxpayers books, they started paying an 8 percent annual return? Quit being a sucker. It's time to force the banks to eat their own damn losses. I want my money back. Do you?
I don't think you understand. Part of the bailout deals were dividends and warrants gained. Those have given growth beyond what was expected. Start educating yourself. Stop being ignorant. Dividend and warrant gains have been excessive enough to date that we are on track to gain much more than what was expected. The money given by the bailouts was used for investment opportunities to turn around struggling companies, and now that they have done so, the gains are significant.
Personally? By personally investing I have made a 37% average yearly gain on companies that were bailed out, so I am far from the sucker here. Stop regurgitating mother jones type of hype and do the math for yourself. You still haven't answered my question. When did a bank ever steal from you?
By personally investing I have made a 37% average yearly gain on companies that were bailed out
Got it. So you benefited from the socialist policy of confiscating my money to give away to banking companies. I would like to tax your profits out of existence too .. to pay off the national debt. I'm not a socialist. I don't want anything from anyone. I don't depend on the government for handouts. I highly resent the government taking my money and giving it to rich banking companies. I want it back. That's not Mother Jones thinking. That's not wanting to be robbed.
I grew up kind of rough, h. If this were back in the day, I would just go kick down a door and take back what's mine. I understand how thieves work. If they steal from you once and get away with it, they're going to do it again... you can bank on that. If we don't punish banks for refusing to eat their own losses, they are going to keep dumping their losses on us.
Got it. So you benefited from the socialist policy of confiscating my money to give away to banking companies. I would like to tax your profits out of existence too .. to pay off the national debt. I'm not a socialist. I don't want anything from anyone. I don't depend on the government for handouts. I highly resent the government taking my money and giving it to rich banking companies. I want it back. That's not Mother Jones thinking. That's not wanting to be robbed.
I grew up kind of rough, h. If this were back in the day, I would just go kick down a door and take back what's mine. I understand how thieves work. If they steal from you once and get away with it, they're going to do it again... you can bank on that. If we don't punish banks for refusing to eat their own losses, they are going to keep dumping their losses on us.
They aren't the ones to punish, unfortunately. It's Bush and Obama.
I mean if someone said to you "Hey, I'm going to lend you a few billion dollars at a sweetheart rate so you can get your business back on track for growth."
...wouldn't YOU take it?
I love the OWS thing, but admittedly, blaming the banks for our crisis is a lot like that story about the scorpion. This is what banks do. They work financial situations to their advantage, whenever possible. This is why they exist.
Bush and Obama however, were supposed to look out for our best interests. Neither one of them has.
They aren't the ones to punish, unfortunately. It's Bush and Obama.
I mean if someone said to you "Hey, I'm going to lend you a few billion dollars at a sweetheart rate so you can get your business back on track for growth."
...wouldn't YOU take it?
I love the OWS thing, but admittedly, blaming the banks for our crisis is a lot like that story about the scorpion. This is what banks do. They work financial situations to their advantage, whenever possible. This is why they exist.
Bush and Obama however, were supposed to look out for our best interests. Neither one of them has.
Had, I blame Bush, Obama and pretty much every other politician because virtually all of them would have acted in the same way. I want to either force the current crop of elected "representatives" (they clearly aren't representing our interests) to get our money back, or I want to vote in people who will. (Ron Paul and whoever he runs with.) Whether you blame the politicians or the banksters is moot at this point. They both work together to fleece us. People who like to s*** in public and wear scuzzy clothes need to start working with dorks who like to wear stupid colonial hats. Of course the two have more differences than similiarities, but both need to get together and come up with a real plan for getting our money back. OWS-- drop the socialist crap. We're not trying to get any freebies here...we're just trying to end the looting by the banksters. TP: quit being stupid and only looking at surface details. The smelly hippies can be allies for getting our money back and paying down the debt.
Got it. So you benefited from the socialist policy of confiscating my money to give away to banking companies. I would like to tax your profits out of existence too .. to pay off the national debt. I'm not a socialist. I don't want anything from anyone. I don't depend on the government for handouts. I highly resent the government taking my money and giving it to rich banking companies. I want it back. That's not Mother Jones thinking. That's not wanting to be robbed.
I grew up kind of rough, h. If this were back in the day, I would just go kick down a door and take back what's mine. I understand how thieves work. If they steal from you once and get away with it, they're going to do it again... you can bank on that. If we don't punish banks for refusing to eat their own losses, they are going to keep dumping their losses on us.
lol, you would "go kick down a door and take back what is yours?" Easy killer. If you are upset about government giving away what is yours, I assume you are upset about social security, medicare, UI benefits and welfare as well? You want to kick down the doors of people getting those benefits?
Here is a thought, instead of wanting to "kick down a door and take what is yours", why don't you realize that the bailouts have earned this country a significant amount of money without risking inflation like traditional methods would have? Or is actually thinking about a problem too hard for someone who 'grew up rough' like you?
Ignorance like yours is one of the main reasons why this country is going to hell. I grew up rough too. I just started studying so that I could make something of myself instead of being some mindless thug that just wants to kick down people's doors. Here is one last thought, stop with the macho bulls**t and pick up a book. You know, one of those things that you can use to educate yourself? I have a few I can recommend. PM me when you want to actually learn something. Good luck champ. With your attitude? You will definitely need it.
WestCobb"So you benefited from the socialist policy of confiscating my money to give away to banking companies."
Amen, its like asking the home team to hire the umpires and expect a fairly called game.
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