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Holo Lukaloa
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3/21/2009 6:52:22 PM
The crystal clearest explanation I've seen about the financial crisis, and who is really to blame.
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never never band
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3/21/2009 10:27:48 PM
Rachel is the a fantastic journalist....
and that is a great explanation of how these financial giants got so screwed up.
about the clearest I've seen
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Stephen John
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3/22/2009 12:32:43 AM
Hmmmm. Same thing happened here in T&T. One company got so big that it needed a bail out. This company owns companies in Miami, Latin America, throughout the caribbean and owns multiple companies here in T&T. These guys are full of crap if you ask me..
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Jeff Allen Myers
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3/22/2009 9:02:12 AM
Really enjoyed that Holo.... there were some great points made.
I like her better then Keith O. From what I have seen she stays away from the over done "drama" that it so inherent with Mr. Olberman. Rachel is very likable.
Thanks for posting.
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Psyche's Muse
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3/22/2009 12:00:51 PM
I am certain that these Republican Senators were "put up to" submitting legislation such as this. They were, I am sure, doing the bidding of "others". We need to investigate the hands behind the scene which instigated this change. We shouldn't get caught up in the forming of lynch-mobs for the few saps getting bonuses for doing what was perfectly legal for them to do. No! We need to hold our anger until we find the "wizard" who sits behind the curtain... the REAL orchestrator of our misfortune. The master-mind of this sickening symphony is deserving of the rocks we seek to throw... not the musicians. -M-
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Psyche's Muse
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3/22/2009 12:44:45 PM
Watch the video if you are going to criticize the comments on it Larree. The three senators that were mentioned "Graham, Leach, Bliley" ARE Republican. Look them up. And yes, the "D's" and "R's" both are the same. Our politics is akin to the WWF. There's "Lex Lugar" and "The Undertaker" and a "Hulk Hogan". Everyone watches all their fictitious battles and believes that something is "really" happening.
The cliche' is true: "How do you know when a politician is lying??? Their mouth is moving!" -M-
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Holo Lukaloa
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3/22/2009 1:32:11 PM
Larree, the information here is rather clear cut. You can't compute it because of the sources you look at, which are such baldfaced spin they're silly. Obama did not cause the problems with the economy, and neither did Geithner. Obama is going to regulate big business so this kind of garbage can never happen again.
How long can you take Fox News seriously? Their main anchor man for years Britt Hume admitted the other day that some of his main source material has been Repub talking points sent to him in easy to dispense format. Hannity is the biggest joke in the history of media, makes Limbaugh look rational and that's not easy. Glenn Beck is a groan-a-minute guy too. These are the people you parrot. It's sad. I don't think you are this dumb, so wake up.
The Republicans meanwhile are trying to capitalize politically on the country's anger by making a big stupid deal out of who knew about the payouts and when. Sure there were some mistakes made, pretty much every step of the way, starting with problems with the original bailout brought about by Bush's admin. The whole thing is difficult, uncharted territory, and the culprits turn every loophole into an exploited system. Still you can be thankful that Obama won because if McCain had, his man Phil Gramm who was one of the absolute main authors of this mess would be Secretary of Treasury.
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Holo Lukaloa
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3/22/2009 2:13:45 PM
Larree, for somebody who claims to hate the political machinery as much as you, you are such a sucker for red herrings.
This whole AIG issue about who knew about the bailouts is just a political game. There are other issues that caused the confusion on this. For instance, many thought and still think that the contractual arrangement between the corporation and its bonus takers was beyond government intervention. There's no way the House's retroactive 90% tax will ever be put into effect, for instance.
AIG is not the only one using bailout money for things that are inappropriate. This whole blame Dodd, blame Geithner angle totally doesn't even mention that the bonuses were approved last September. Even if that amendment had made it into the language under Dodd's watch, it may not even be legal. This is the source of the confusion, not that these people dropped the ball. You are like a frothing dumdum following every talking spin tactic the right wing has put out there. You just refuse to understand that this whole mess was created before Obama even took office.
You're also a liar and a hypocrite. Every chance you got during the campaign you said whoever got elected you would support them but you've been an absolute sniper when Obama's only been in office 60 days. Face it, you're a puppet and a fraud.
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Kevin White
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3/22/2009 2:55:05 PM
Almost all the money AIG received passed right through them to their debt obligations arising from policies they sold.
They didn't get to hold onto the money, it went towards paying off promises to pay.
Also, if they HAD NOT paid the bonuses, then they could have been held accountable BY CONNECTICUT LAW for treble damages ... and it's my guess that someone in legal went, "Um, sirs, you've got to pay these bonuses."
My problem stems from awarding ANY bonuses in the first place to the exact division that brought on the whole AIG bailout mess in the first place. They would have plowed the company under ... and they got bonused.
THAT'S what's wrong w/ executive compensation. Not only should they not have eaten those bonuses, they should have been forced to give up personal assets of their own for their crooked, circumvent insurance law, tactics.
IF the credit swaps, which are called credit swaps BECAUSE THEY SOUGHT TO AVOID INSURANCE REGULATIONS ...
IF the credit swaps, which essentially is insurance against credit default, had been appropriately regulated by the insurance commissioners, then appropriate private reserves (meaning AIG money) would have been mandated by the regulators and the bail out would never have been needed.
The thing is, these are bright folks who knew exactly what they weren't doing.
They also knew that when it all blew up, as it eventually did, they wouldn't personally take the hit ... because they'd no skin in the game w/ their own assets.
Heck, they got BONUSES!!!
... because that's what we Americans let corporate executives get away with.
I'm for corporations, because I believe their necessary. I'm also for making it mandatory that if a corporation fails, that the people running the ship aground go right down with it ...
They've got to have their own skin in the game and hurt personally for their failures.
K-
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Holo Lukaloa
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3/22/2009 3:06:50 PM
Dodd didn't have anything to do with causing the AIG problem, you silly dope.
Evan Bayh is a twit. He has aspirations to be president and just wants to try to position himself. But if Obama had picked him to be VP he would've been completely on board with everything. He wasn't worth a blog, just like it wasn't worth a blog that McCain is defending Geithner.
The former president committed war crimes and got us into a war costing trillions along with many lives under totally false pretenses.
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Holo Lukaloa
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3/22/2009 3:25:18 PM
Retarded Larree post #9 billion.
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Holo Lukaloa
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3/22/2009 3:34:13 PM
If that were true, how in the world do you let somebody who is not real humiliate you and leave you looking like a total idiot? :>)
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Holo Lukaloa
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3/22/2009 3:42:55 PM
Watch the video and learn something.
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Holo Lukaloa
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3/22/2009 5:36:55 PM
Obviously you've realized your political arguments hold no water so you're resorting to this nonsense. As far as I know your name isn't Larree but rather Schmucky the Duck.
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SILVERWOODSTUDIO
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3/22/2009 8:54:07 PM
who farted?
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The CODE
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3/22/2009 10:00:34 PM
"Can you smell that Smell"
© Lynard Skynard
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Bryon Tosoff
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3/22/2009 10:10:09 PM
lets get back to music. that is real. this is just well. not important. music rules.
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