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2008-09-26 Home Front Economy

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Posted by tipper 2008-09-26 00:58|| || Front Page|| [10327 views ] Top

#1 Federal Reserve

If you take the value of all 12 Federal Reserve Banks as of March 2008 and sum them you get 881.16 billion dollars.

So now subtract out the 85 billion for AIG and you get 800 billion. Now subtract out the Freddie Mac/Fannie Mae bailout and your are less than $700 billion. So... What if they already had lost this money... then the $700 might be just to restore the FED if they had already lost some more?

Something doesn't make sense here.

Posted by 3dc 2008-09-26 02:48|| 2008-09-26 02:48|| Front Page Top

#2 Will this nation survive the boomer generation? I'm beginning to doubt it. First they divided this nation in the 60's. This was the most divided our nation had been since the civil war. Their self centered ways have carried into our capitol and divided our leaders to paralysis. Our major cities are completely out of touch with the heartland to the point where their political leaders call us bible thumping and gun toting in synical distain. The boomer run media, on both sides, have given up on honest reporting and are waging a propaganda war for their side. The greed on behalf of our bankers and traders is unmatched in history and they have ransacked our national treasures.

Now our nation is in default, morally, ethically, politically, and now financially. No one to blame but our own boomer generation's self centered interests and greed. Who do they turn to now it has all gone to hell? The heartland. They want us to pay for the next three generations of Americans to fund their foolishness. Don't be sidetracked by the giant dollar ammounts. There is more at stake here than just being the greatest nation, our nation and our democracy is at stake at a time where our leaders are inept. God help us.

Posted by 49 Pan">49 Pan 2008-09-26 05:54|| 2008-09-26 05:54|| Front Page Top

#3 The left will try to use uncertain and difficult times like these to further their agenda. It will be the baby boomers legacy. It's time for them to move on and let Gen X take the reins.

Posted by Jaise Squank6051 2008-09-26 07:05|| 2008-09-26 07:05|| Front Page Top

#4 As my record clearly indicates, I will gladly bash boomers when appropriate, but let's lay blame where it properly belongs:

Barney Frank Date of Birth: March 31, 1940
Nancy Pelosi Date of Birth: 26 March 1940
Harry Reid Date of Birth: December 2, 1939
Ted Kennedy Date of Birth: February 22, 1932

These silents, more than any boomer, together with their Greatest Generation leaders, Kennedy, Johnson, Nixon, Ford, and Carter, all of whom believed in FDR New Deal style Big Government interventionism and control, created the world the boomers live in. That the boomers didn't clean up the mess they were left is not to their credit, but they didn't make it and it's not their legacy.

Posted by Nimble Spemble 2008-09-26 07:14|| 2008-09-26 07:14|| Front Page Top

Would you buy a used car from this guy?

Posted by GolfBravoUSMC 2008-09-26 08:29|| 2008-09-26 08:29|| Front Page Top

#6 GB, you shouldn't have posted that picture. I was just about to calm down and go back to work and now my blood is boiling again.

Boomers haven't done everything right but we haven't done everything wrong either. We tried to do the best with what we found when we got here. Our parents gave us powerful cars, color TVs and nice suburban homes with green lawns. You can't blame us for enjoying them. We didn't know any better. We didn't think about the oil or what it was doing to us. How could we? It was all we ever knew. We might have been better people if we'd been challenged like our grandparents on the old frontier but we weren't. The challenges we face are far more complex and subtle.

But Barney Frank and the guys standing with him in that picture are rotten to the core. They are the ones who set up the system so you can't even get elected unless you take money from crooks like the people who were running Fannie Mae and Freddie Mac. They are the ones who buggered the system for the crooks who gave them the money. They are corrupt old men from corrupt old families who've been buggering the rest of us for generations. Look at that smirk on Schumer's face. That bastard. He wants a depression so Obama can blame the Republicans and win the election. It won't matter to him. He'll be safe in his mansions and his limousines the whole time.

Posted by Ebbang Uluque6305 2008-09-26 13:02|| 2008-09-26 13:02|| Front Page Top

#7 The only dipshit missing in the picture is Harry Reid. Thanks for not publishing his picture. I'm afraid this would require an EMS run to my house. I would just implode.

I'm beginning to see that the whole bailout deal is a big political con game at election time. It does not pass the smell test. Bush appointed Paulson to Secretary of Treasury. He is a Democrat. What was Bush thinking? Paulson pulled $20 million out of Goldman Sachs as a separation package when he left. The donks have no intention of reaching across the aisle or compromising. They have no problem with destroying the country to gain power.

Wikipedia entry: From 1990 to November 1994, he was co-head of Investment Banking, then, Chief Operating Officer from December 1994 to June 1998;[8] eventually succeeding Jon Corzine (now Governor of New Jersey) as its chief executive. His compensation package, according to reports, was US$37 million in 2005, and US$16.4 million projected for 2006.[9] His net worth has been estimated at over US$700 million.[9] Paulson has personally built close relations with China during his career. In July 2008 it was reported by The Daily Telegraph that: "Treasury Secretary Hank Paulson has intimate relations with the Chinese elite, dating from his days at Goldman Sachs when he visited the country more than 70 times.

How much bad debt is really out there?

Posted by JohnQC 2008-09-26 13:55|| 2008-09-26 13:55|| Front Page Top

#8 The Dow Jones Industrial Average is moving along at about 11,000+ despite the desperate and dire financial emergency described by Henry Paulson. This so-called emergency rescue (bailout) package just had to be passed immediately to save the country from financial ruin. Really? Seems like he just wanted to give his buddies on Wall Street a big chunk of our change ($800 billion). WTF's going on here?

Posted by JohnQC 2008-09-26 14:00|| 2008-09-26 14:00|| Front Page Top

#9 You know. I just can't keep from thinking that this is all yet another 'Global Warming' type of Con.

I am not a economist just a simple techie who works hard, pays my bills, taxes, and mortgage, raise my kids and don't go over on the spending.

To me I think if banks make sub-prime loans to people who can't afford them.... and then goes under - well it sucks to be you. Other banks may take over your operations and do a better job.

And perhaps the market desperately needs a correction and not yet-another-crutch to hold it up.

When a politician says 'Trust me' (like Joe Isuzu) I get a red flag. When others start to suff all sorts on unrelated bullshit in (Auto loans? WTF?) - well it just sets my bullshit alarm off loud and clear.

Posted by CrazyFool 2008-09-26 14:09|| 2008-09-26 14:09|| Front Page Top

#10 Bush appointed Paulson to Secretary of Treasury. He is a Democrat. What was Bush thinking?

That's the only one I can get approved by the Senate. Remember, his predecessor, Snow, was an idiot.

Posted by Nimble Spemble 2008-09-26 16:29|| 2008-09-26 16:29|| Front Page Top

#11 Hooray for Disarray!

Posted by Bright Pebbles 2008-09-26 18:55|| 2008-09-26 18:55|| Front Page Top

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