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ObamaRama 8

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Re: ObamaRama 8

Priceless said:
Pat Robertson tried to take the credit for a hurricane missing the US because he "prayed" for it to happen. The next hurricane that came close to the mid-Atlantic destroyed his TV studios. I don't think God and the Profit Pat are on the best of terms...
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How does he get any airtime? For shock value?
 
Re: ObamaRama 8

Priceless said:
How did Dubya ask Clinton to help with the tsunami relief? Didn't he want that operation to have any honor and decency? Oh wait, those attacks were "just politics" on Dubya's part?
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I thought Sr and Bubba got together on that? W was still focusing on Katrina at that point
 
Re: ObamaRama 8

geezer said:
How does he get any airtime? For shock value?
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He had his own network. Part of his deal when he sold it is that the 700 Club is afforded an hour of airtime for as long as he wants to keep yapping...
 
Re: ObamaRama 8

Priceless said:
What about the $15MM bonus for the guy who lost $200MM?
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Find me a trader who gets that much scratch for losing on a position, and I'll show you they don't work at Goldman, Morgan, or any other firm that's still standing. Besides, for the perpetually "outraged" and class warriors out there, traders at alot of these firms make more than the CEOs who were called to Congress yesterday. I'm surprised Obama isn't pillorying John Paulson or Jim Simmons who pocketed more than $1B each.
 
Re: ObamaRama 8

True Blue Fan said:
I agree Steve, but not all financial institutions that received the TARP money were in danger of bankruptcy. They just took advantage of basically a loan for free.
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one's that didn't need it were told to so that the weak banks didn't stick out and drive business away.
 
Re: ObamaRama 8

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It doesn't quite live up to its potential IMO, but amusing nonetheless. :)
 
Re: ObamaRama 8

True Blue Fan said:
I saw part of the Jon Stewart show last night and he had a political pundit on last night, can't remember his name for the life of me but he looks like Stephen Colbert. They were discussing this issue and basically the point made in humorous fashion was that the requirements that were put in to place for the auto bailout were very extensive because they were just car makers. They made cars, everyone understands that. Regulate the hell out of them. The monies paid for financial bailout came with little or no requirements to be agreed upon because no one in the government really understands the financial system, here just take the money.
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But certainly, if you can force auto makers to break contracts with their workers in order to get a federal bailout, you can also force financial companies, right?

Or is it we just don't want to hurt their widdle feelings?
 
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Re: ObamaRama 8

SteveF said:
the big difference between auto and bank bailouts is that the main resource in the auto industry is the equipment infrastructure (workers can be swapped in and out); whereas in the banking industry (as well as AIG) the main resource is the people.
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If this is the typical acumen of those 'resources', maybe we're better off by letting them go find jobs with other companies, instead of giving them multi-million dolllar bonuses.

http://www.mcclatchydc.com/227/story/82270.html

Dimon, whose company has been the least tarnished by the crisis, said that in retrospect it should have been obvious that mortgages given to people with little or no proof of income was a terrible idea.

However, he cautioned, until the market meltdown "you never saw losses in these products, because home prices were going up."

The sector's failure, he added, was the assumption that prices can only go up.
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Yessir, highly educated financial geniuses. Cream of the crop.
 
Re: ObamaRama 8

rufus said:
But certainly, if you can force auto makers to break contracts with their workers in order to get a federal bailout, you can also force financial companies, right?

Or is it we just don't want to hurt their widdle feelings?
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Auto workers are represented by unions. Unions are evil so breaking them is a-ok. Financial industry workers aren't represented by unions, so we can't possibly break their contracts.
 
Re: ObamaRama 8

mookie1995 said:
one's that didn't need it were told to so that the weak banks didn't stick out and drive business away.
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Cease and desist, sir! Your truths have no place 'round these parts.

Please continue with only far left-leaning, anti-capitalist jargon. Thank you.
 
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