That was the basis on which this thread was started, and she is not most people, she is a potential VP of the US, she should have a better understanding of this matter than most people. So before you have puppies, ascertaining the nature of the banks and her understanding of them is a valid exercise as long as it does not degenerate into a rant by either side.
On Sep 10, 6:37 am, Zebnick <[EMAIL PROTECTED]> wrote: > 98% of the people in this country have no idea what Fannie and Freddie > do, how they work or if the government supports them or not. Ergo, > they don't really understand this "crisis" and the depth of Palin's > understanding, therefore, isn't going to alarm them. It just isn't. > Don't waste your time on this as a "Sarah destroyer." Its a non- > starter. > > On Sep 9, 12:16 am, Frank <[EMAIL PROTECTED]> wrote: > > > Which means the bail out was a decision that was not forced upon the > > Fed, but one the Fed could make with claims to be fulling its > > obligations. > > > The issue of course is Palin's understanding of this situation, though > > the focus should be on address this financial crisis, it is the > > singular overriding factor facing the world and yet no cohesive plan > > has even been broached to have complete and exhaustive studies done of > > how deep seeded this problem is and what can be done, if anything > > about it. At the moment it is nothing but knee jerk ad hoc efforts, > > throwing good money after bad. > > > On Sep 9, 1:45 pm, KeithInTampa <[EMAIL PROTECTED]> wrote: > > > > Bear Sterns was private, unlike Freddie Mac and Fannie Mae, which will > > > continue to trade common stock, (worth nothing) and preferred stock, > > > (almost worthless). Both entities are government formed corporations, > > > and were initially secured by government funding and federal tax > > > dollars, making them semi-private. > > > > On Sep 8, 11:12 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > PPPS. What was Bear Sterns private or public? > > > > > On Sep 9, 1:09 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > > Keith don't be like the others, they have not been semi-private for > > > > > some years. They have traded as private businesses on the NY stock > > > > > exchange. Congresses plan does not address the problem regardless of > > > > > what my political orientations are. Just because capitalism is a > > > > > system that has irresolvable inner-contradictions that result in > > > > > economic breakdown and war, (this is the third time in 100 years this > > > > > has occurred. Depression 1890's war 1914, Depression 1929 war 1939, > > > > > Depression 2009? war-in progress) does not automatically validate my > > > > > perspective. The inviability of capitalism and the viability of > > > > > socialism are not predicated one upon the other. > > > > > > At this stage all I can do is keep exposing the inevitability of > > > > > breakdown and the impotency not only of the US government by all > > > > > governments to improve the lives of humanity and not continually drag > > > > > them through the unnecessary evil of war. I am patient, as the > > > > > criminality and impotency of bourgeois politics is already being > > > > > exposed, (which head of state is not a criminal today) and it will > > > > > continue inexorably to its own demise, I won't have to do a thing > > > > > other than document it. So I am all a twitter myself as I watch the > > > > > degenerate state of US politics, mired in slander and innuendo and > > > > > devoid of serious political discussion drown in its own filth. > > > > > > PS Whether these banks are guaranteed or not matters little, the > > > > > meltdown is global, the 2 to 3 hundred billion pumped into these banks > > > > > will do absolutely nothing other than make the stock markets rise for > > > > > a few days and rob public works programs of funding. Long live > > > > > capitalism. > > > > > > PPS. A Socialists solution requires the complete rebuilding of society > > > > > top to bottom, completely changing the socio-economic relationship of > > > > > mankind. It is not a revised form of capitalism nor is it a band aid > > > > > or a quick fix. it is a long term permanent fix--a work in progress > > > > > > On Sep 9, 12:31 pm, KeithInTampa <[EMAIL PROTECTED]> wrote: > > > > > > > Uhm, P.A. obviously has no clue what the Hell is even going on > > > > > > here. > > > > > > > Frank, all of America is atwitter with excitement and anticipation, > > > > > > awaiting your alternative plan or suggestion, as opposed to what the > > > > > > Congress has agreed to commit to do.....The government coming in for > > > > > > the bailout of these semi-private corporations that are in fact, > > > > > > guaranteed by the federal government..... > > > > > > > On Sep 8, 10:16 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > > > > That's right, where do you draw the line? Ben Bernecke said > > > > > > > recently > > > > > > > the Fed is in a position where it is going to have to decide which > > > > > > > banks are propped up by the Fed and which allowed to fail. There > > > > > > > is a > > > > > > > huge contradiction which has to be acknowledge. If the Banks are > > > > > > > not > > > > > > > propped up the US and the world economy will spiral into > > > > > > > oblivion, no > > > > > > > one how many trillions in bad debts have not been declared, > > > > > > > however > > > > > > > using taxpayers funds to bail them out is highly undemocratic by > > > > > > > its > > > > > > > very nature. What gives the Fed the right to bail out big business > > > > > > > without asking those to whom the funds belong, while workers have > > > > > > > no > > > > > > > right to tap into their own resources to help them out their > > > > > > > difficulties. > > > > > > > > Ultimately the bail out does nothing to ease the crisis. The > > > > > > > crisis > > > > > > > has developed directly from the polarization of wealth (which is > > > > > > > caused by global factors) that has the result in increasing the > > > > > > > financial burden on the working class beyond their capacity to > > > > > > > meet > > > > > > > their basic daily needs. Job layoffs will drive wages down even > > > > > > > further as the army of unemployed grows and business attempts to > > > > > > > maintain its profits in a volatile economy. Neither party can > > > > > > > address > > > > > > > this problem as it is of global proportions. > > > > > > > > On Sep 9, 11:49 am, PoliticalAmazon <[EMAIL PROTECTED]> wrote: > > > > > > > > > Frank, the fact is if Gaar uses the argument that the two > > > > > > > > institutions > > > > > > > > are "taxpayer funded" because their bad loans have caused an > > > > > > > > increase > > > > > > > > in interst rates, then there are many other companies, such as > > > > > > > > CountryWide, which can be defined as "taxpayer funded." > > > > > > > > > ------ > > > > > > > > > On Sep 8, 2:49 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > > > > > > Gaar, > > > > > > > > > If the GES (which I only understand as a collective term for > > > > > > > > > the two > > > > > > > > > banks) have traded as private enterprises for years, with > > > > > > > > > implicit > > > > > > > > > government backing, in other words government backing was > > > > > > > > > never an > > > > > > > > > absolute or formally guaranteed. it was implied at most. In > > > > > > > > > fact one > > > > > > > > > was introduced as a competitor for the other (can't remember > > > > > > > > > which > > > > > > > > > came first). > > > > > > > > > > Money for the bail out is coming from the treasury, in other > > > > > > > > > words it > > > > > > > > > is tax payers money. It would be nice to see that $2-$300 > > > > > > > > > billion > > > > > > > > > going to the tax payers (seeing it is their money)rather than > > > > > > > > > the > > > > > > > > > banks that helped caused this dilemma > > > > > > > > > > You, yourself have never made claim that these banks are 100% > > > > > > > > > government guaranteed, only now that Palin has egg on her > > > > > > > > > face you are > > > > > > > > > desperately attempting to cover her behind. > > > > > > > > > > everyone in America knows the status of these banks in > > > > > > > > > relationship to > > > > > > > > > guarantees, everyone except for Palin it seems. > > > > > > > > > > On Sep 9, 8:27 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > > > > > > > > You obviously don't know, or even understand what a GSE > > > > > > > > > > is... > > > > > > > > > > > Or that the Entity you are talking about was in FACT a > > > > > > > > > > Govenment > > > > > > > > > > Agency for 30 YEARS!!!! > > > > > > > > > > > Or that it HAS in FACT cost us, by the increase in INTEREST > > > > > > > > > > RATES they > > > > > > > > > > are causing by the Bad Loans they gave out. > > > > > > > > > > > Where the Hell do YOU believe the "Bail Out" money comes > > > > > > > > > > from? > > > > > > > > > > > On Sep 8, 3:24 pm, PoliticalAmazon <[EMAIL PROTECTED]> > > > > > > > > > > wrote: > > > > > > > > > > > > The scary part is this: she launced right into it, bold > > > > > > > > > > > as brass, and > > > > > > > > > > > made a fool of herself. She didn't know enough to even > > > > > > > > > > > keep quiet. > > > > > > > > > > > > ------- > > > > > > > > > > > > On Sep 8, 3:18 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > > > > > > > > > If she really believed them to be tax payer funded > > > > > > > > > > > > there is nothing to > > > > > > > > > > > > excuse such uninformed ineptness. How can she possibly > > > > > > > > > > > > be put in a > > > > > > > > > > > > position of trust. I must admit I thought Bush was a > > > > > > > > > > > > red neck > > > > > > > > > > > > simpleton the first time I saw him. I yelled out to my > > > > > > > > > > > > wife "come and > > > > > > > > > > > > look at the the redneck that has been elected president > > > > > > > > > > > > of the US on > > > > > > > > > > > > TV." How wrong I was, he has been a consumate president > > > > > > > > > > > > and statesman. > > > > > > > > > > > > > On Sep 9, 6:49 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > > > > > > > > > > > It was in FACT a Government Agency that was > > > > > > > > > > > > > "Privatized"... > > > > > > > > > > > > > > So it was in FACT started by Public Funding, and was > > > > > > > > > > > > > even still > > > > > > > > > > > > > considered a "quasi" Governmental Agency even after > > > > > > > > > > > > > Privatization. > > > > > > > > > > > > > > Your ignorance of its History notwithstanding. > > > > > > > > > > > > > > On Sep 8, 1:14 pm, PoliticalAmazon <[EMAIL > > > > > > > > > > > > > PROTECTED]> wrote: > > > > > > > > > > > > > > >http://www.huffingtonpost.com/2008/09/08/palin-makes-her-first-gaf_n_... > > > > > > > > > > > > > > > On a campaign stop in Colorado, Palin said that > > > > > > > > > > > > > > FannieMae and > > > > > > > > > > > > > > FreddieMac have gotten too big and expensive to the > > > > > > > > > > > > > > taxpayers. > > > > > > > > > > > > > > > My God, she couldn't even read the headlines about > > > > > > > > > > > > > > the takeover? > > > > > > > > > > > > > > > Yep, that's what being a leader of Alaska does for > > ... > > read more ยป --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. 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