Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Closed Thread Start New Thread
 
Old 08-18-2010, 06:36 PM
 
26,168 posts, read 48,881,878 times
Reputation: 31680

Advertisements

Quote:
Originally Posted by kovert View Post
... its rugged capitalism when its in the corporate elites' interest which morphs into corporate socialism when things go sour.

"The head of the world's biggest bond fund, bemoaning the slow economic recovery, reignited debate Tuesday by publicly supporting a massive new refinance program currently roiling the mortgage bond market by describing it as a form of fiscal stimulus that wouldn't add to the deficit."
Here's the Bloomberg link on the PIMCO dude calling for FULL nationalization of housing finance. Corporate clowns mucked it up, now they want daddy to bail their asses out.
__________________
- Please follow our TOS.
- Any Questions about City-Data? See the FAQ list.
- Want some detailed instructions on using the site? See The Guide for plain english explanation.
- Realtors are welcome here but do see our Realtor Advice to avoid infractions.
- Thank you and enjoy City-Data.

 
Old 08-19-2010, 11:03 AM
 
6,082 posts, read 6,024,486 times
Reputation: 1916
Quote:
Originally Posted by Mike from back east View Post
Here's the Bloomberg link on the PIMCO dude calling for FULL nationalization of housing finance. Corporate clowns mucked it up, now they want daddy to bail their asses out.
So now the fat cats are shouting FOR nationalization?!

Where are all the Faux News & Friedman worshippers when ya need 'em?
 
Old 08-19-2010, 11:48 AM
 
Location: The Republic of Texas
78,866 posts, read 46,504,056 times
Reputation: 18520
Quote:
Originally Posted by kovert View Post
Makes sense especially since RomneyCare is the parent of that commie "Obamacare".

Some GOPers also fancy the idea of government run banks.


Your kidding, right?

It is well known, there are many Progressives within the Republican party.
GW Bush and his dad. John McCain. Lyndsey Graham just to name a few at the top.
 
Old 08-22-2010, 02:14 PM
 
6,082 posts, read 6,024,486 times
Reputation: 1916
Quote:
Originally Posted by BentBow View Post
Your kidding, right?

It is well known, there are many Progressives within the Republican party.
GW Bush and his dad. John McCain. Lyndsey Graham just to name a few at the top.
None of those you listed, most especially Dumbya, are anywhere near progressive. Dumbya is pretty regressive, if anything else.

Now there was one famous progressive that helped built middle class America.

"This zealotry is a very recent phenomenon. In fact, the idea that rich people should bear a greater portion of the tax burden was first implemented over a century ago by a Republican president--Theodore Roosevelt."
 
Old 08-22-2010, 02:19 PM
 
10,854 posts, read 9,285,354 times
Reputation: 3122
Quote:
Originally Posted by KevK View Post
Actually having a government bank is a great idea. That is what should have happened with the bailouts. Those banks, like BOA, should have been declared dead and put in the hands of the government to be ran as a public trust. Instead Obama just handed them over the cash which they used to become even bigger than they were (for example Chase taking over WaMu) thus insuring the next failure will be even more catastrophic for the economy and the nation and will cost us in the TRILLIONS to bail out. And there is no assurance that the Chinese will bail us out next time.
Your memory is very selective or maybe you have some sort of bias against President Obama. But the T.A.R.P. program was enacted and the money distributed to banks under the adminstration of President George W. Bush Jr.
 
Old 08-22-2010, 02:21 PM
 
10,854 posts, read 9,285,354 times
Reputation: 3122
Quote:
Originally Posted by Mike from back east View Post
Here's the Bloomberg link on the PIMCO dude calling for FULL nationalization of housing finance. Corporate clowns mucked it up, now they want daddy to bail their asses out.
But THAT'S SOCIALISM!
 
Old 09-26-2010, 05:35 PM
 
6,082 posts, read 6,024,486 times
Reputation: 1916
Quote:
Originally Posted by kovert View Post
Some GOPers also fancy the idea of government run banks.
And they're not the only ones.

"While we're waiting for the Cavalry to swoop down from Washington and save us -- something that could take a while -- we might consider setting up some state-owned banks. The Bank of North Dakota, currently the country's only state-owned bank, is very stable and very profitable, returning a 26% dividend to the state. A bank of that sort could be an attractive investment for all those state and local rainy day funds, pension funds and other local government funds looking for greater returns from the low-risk investments allowed by their legislative mandates. We need to set up some banks that serve the needs of the real economy rather than those of Wall Street bankers, brokers and their super-rich clients for yet more bonuses, bailouts and paper profits. State-owned banks could fill the role the Wall Street banks have declined to fill, providing an effective credit engine for state and local economies. "
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Similar Threads

All times are GMT -6. The time now is 04:52 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top