What Is (R) Alternative To (D) Financial Reform?
Monday, April 19th, 2010 at
5:55 am
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Tagged with: bailouts • banks • Bipartisan • Boston • Brown • Campaign • cenk • Collapse • Compromise • Congress • corruption • crash • democrats • Donors • economy • election • Filibuster • financial • Globe • gop • government • Kennedy • lobbyists • money • Obama • party • reform • republican • right • Scott • Senator • Tarp • Taxes • Taxpayers • Tea • TED • turks • tyt • uygur • Wing • young
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Legalize, regulate and tax drugs and prostitution. Duh.
In other words, Brown is not the Republican that the Democrats should be looking at in order to avoid the filibuster.
@martygrim
Hmm… My spider-sense tells me there’s a hint of sarcasm there… Am I wrong?
Just realize that there’s a HUGE difference between Charity and Hand-outs. Sure I’d help some guy who’s starving. Of course!! If he starves to death, all of the production he could have made in his life is lost forever… That makes no sense. My point is that when government does it, it fails, but when the people do it, it works!
I’m Scott Brown… and I’m as smart as a truck.
Cenk is lying , Fuck we had Palin and the tea party here last week,that bitch is lucky didn’t get tar and feather!! Cenk even said it himself 2,000 people here in Boston is nothing !! Now the tea party elected Brown in Mass.? fucking liar ,We are a Democratic state, I don’t like Brown, however all this shit is political maneuvering, all the politicians sucking up to the big donors.Brown is in the drivers sit now and the motherfucker is going to milk it.
@TayGizzle
Democrats solutions:
Healthcare: Increase taxes, Spend more
Social security reform: Increase taxes, Spend more
The horrible education system: Increase taxes, Spend more
Crime: Increase taxes, Spend more
Terrorism: Increase taxes, Spend more
Poverty: Increase taxes, Spend more
You get where I’m going with this?
Here’s an idea: When a big company goes broke, don’t bail it out! There’s a reason they have no money.
We should also stop securitizing mortgages and forcing banks to give loans to people that can’t pay them back. We should also end the Fed.
@TayGizzle
Unlike now where we just give them money. It’s not even a tax break. They are just giving big companies money … for failing!
@Blasphemer2
Banks were always heavily regulated, and we also have Fannie & Freddie and the Fed. The collapse was because money was too easy to get and the banks loaned out that money to people who couldn’t pay it back.
If the banks were allowed to fail, not all of them would. Besides, we still have the FDIC. We bailed out investment banks, not commercial banks.
I’m fucking livid , Brown got elected by the Tea party in Ma, !! I can’t believe Cenk was capable of pulling that kind of shit out of his ass, he had to dig real deep to pull that shit out, What pisses me off more than anything is that we don’t have to lie about the Republicans , speaking the truth is sufficient, every one knows they are a criminal an corrupt lot,exaggerating and lying about it hurts your credibility.furthermore is an exercise in futility.
@mistara31415 Your ‘point’ lacks factual backing and is more ideological than it is grounded in reality.
@xp19375 “forcing banks to give loans to people that can’t pay them back.”
lol, what planet are you on? No one FORCED them, they were more than happy to look the other way and make risky loans while it made them money. If it were possible to FORCE them everyone would still be getting easy loans.
When will you and your RW playmates start holding private financial institutions responsible for their own actions?
When is this corruption ever gonna stop FFS
Scott Brown is busy running against his fictional opponent Rachel Maddow. LOL What a dumb ass.
@ismeme
The Community Reinvestment Act (1977) compels banks to make loans to low-income borrowers and in what the supporters of the Act call “communities of color” that they might not otherwise make based on purely economic criteria.
Google “banks forced to make bad loans” and follow the third link.
These banks would have been punished if we had not bailed them out. The punishment is going out of business.
@xp19375 The raft of bad loans that screwed our economy were made after 2000, not before. Guess the financial institutions just weren’t interested in complying with that 1977 Act until then, huh?
FWIW, I agree with you that no business should be allowed to get “too big to fail”.
@TayGizzle “The rich” feed your sorry ass!
@usaleftistsareidiots Where do you get this nonsense: “the rich feed you…”? Of all of the GOP/turd blossum PR created talking points, this one is the very ultimate in absurdity. No one with half a marble rattling around in their noggin would even repeat it.
Hum, you must be a leftist.
@ismeme
It was actually when ACORN et. al. sued Citibank under the Community Reinvestment Act, arguing that Citibank was not making those loans because of the borrowers’ race, since many of the poor wanting loans were of ethnic minorities. Citibank argued that denying these loans was based on purely economic factors. The court decided against Citibank, so they had to start giving out those loans. All this happened in the mid 1990′s.
@882me Where does money come from idiot(not the kind Obama prints)? Rich people pay the taxes in the United States! You do not! You don’t pay shit!
The red vs blue game in America has become a joke to the rest of the world. Even people in this nation are waking up to the fact that it’s all fake. Enslavement by division.
@bj4paul can you tell me how the Repubs reconcile being so called “Christians” , with having such an uncharitable nature? Serious question. Please give a thoughtful answer.
@xp19375 Actually this was a class-action lawsuit brought in 1994 when Citibank was caught “redlining” – refusing loans to minority applicants while approving them to white applicants with similar financial characteristics and credit histories. And Citibank settled out of court.
Next you’ll be telling me Obama filed the lawsuit.
@usaleftistsareidiots Actually the ultra rich take their accounts offshore (they’re not dumb you know). So, I’d say the upper middle class & lower upper class gets screwed over with taxes.
Obama’s greatest financial supporter -> Goldman Sachs
Both parties are a waste of time, they don’t want anything to do with financial reform.