View Single Post
Old 02-15-2011, 02:19 PM  
marketsmart
HOMICIDAL TROLL KILLER
 
Industry Role:
Join Date: Dec 2004
Location: Sunnybrook Institution for the Criminally Insane
Posts: 20,419
Quote:
Originally Posted by Vendzilla View Post
Like the first 18 months went so well, now that the unemployed people are falling off the 99 week limit on unemployment, he can finally claim that he's getting the unemployment rate down!


Link to racism to stifle debate , that's why ignorant people call the race card

Unemployment rate still at 9%

which some federal judges have deemed unconstitutional


Main 3 problems with that.
1.Fannie & Freddie , We don't even know how much they have spent, but I think Barry is going to try and get rid of them in the new budget

2.Credit runs.
Gary B. Gorton, a finance professor at Yale, said the financial system would remain vulnerable to panics because the legislation would not improve the reliability of the markets where lenders get money, by issuing short-term debt called commercial paper or loans called repurchase agreements or "repos."

3.Leverage, Capital, and Reserves
"Regulators working right now will be tough," Professor Skeel said. "But we know from history that as soon as this legislative moment passes, the ball is going to shift back into Wall Street's court. As soon as the crisis passes, what inevitably happens is that the people that are paying the most attention are the banks."



Then why do we need 50k troops that are still there, I say it's over when we have an embassy there and thats it

Ever looked into why the Russians wanted this deal so much, it doesn't limit them like it limits us

He extended them for political gain, Bush wrote them, did you give him any credit? Gain that didn't help the outgoing congress

http://www.unionleader.com/article.a...c-fc6f2db713f2
How has it worked out?

Not so well. George Mason University Law Professor Todd Zywicki points out that the new restrictions hurt more consumers than they help.

Since the Card Act passed, mortgage and Treasury bill rates have dropped a little, but credit card interest went up -- from 13 percent to nearly 15 percent. Some banks also stopped offering credit to some people. JPMorgan Chase cut off 15 percent of its customers.

So the real result of this "consumer" regulation? "Hundreds of thousands of people can't get cards who used to be able to have cards, and all the rest of us now have to pay more," Zywicki said.

But maybe the people who can't get credit cards are better off because they couldn't handle credit wisely?

"Just to say they don't have a credit card doesn't mean that they don't have credit," Zywicki retorts. "They'll just go to more expensive places -- the local payday lender or the local pawn shop."


I'm all for that if they can do the job, I've been on construction jobs where women just couldn't keep up.

Which Obama wants to cut funds to in the new budget


I'm all for this, they didn't have this in place when I was in, gay people just got kicked out, but there were plenty of them and I see no reason anyone that's gay shouldn't be able to serve.
I just wish it hadn't taken so damn long for him to do it!










i accept your apology.....












.
marketsmart is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote