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Thread: While you weren't looking...

  1. #1
    Jillian & Allison's Daddy Senior Member Don Corleone's Avatar
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    Default While you weren't looking...

    Despite all the Republican winge-ing about defunding Obama-care and/or Obama's border policy (both bad policy stances by the GOP, IMHO), they did neither in the CROMNIBUS.

    What they did do was reauthorize banks to trade in derivatives and other speculative deals with FDIC insured money.

    Yep, that's right folks. With us focused on the story about North Korea hacking Sony and other diversionary tales, we the sheeple have again accepted responsibility for Wall Street's crony-capitalism. Supported by both sides of the aisle.

    Just shut up and send your tax dollars in for more bonus payouts you filthy peasants!

    Surprised there isn't a thread about this already (unless I missed it). And no, this isn't a US-centric issue. This time, we very well may bring down the global banking system.
    Last edited by Don Corleone; 12-21-2014 at 21:28.
    "A man who doesn't spend time with his family can never be a real man."
    Don Vito Corleone: The Godfather, Part 1.

    "Then wait for them and swear to God in heaven that if they spew that bull to you or your family again you will cave there heads in with a sledgehammer"
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  2. #2
    Senior Member Senior Member Yeti Sports 1.5 Champion, Snowboard Slalom Champion, Monkey Jump Champion, Mosquito Kill Champion Csargo's Avatar
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    Default Re: While you weren't looking...

    This makes me sad.
    Quote Originally Posted by Sooh View Post
    I wonder if I can make Csargo cry harder by doing everyone but his ISO.

  3. #3
    Iron Fist Senior Member Husar's Avatar
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    Default Re: While you weren't looking...

    I just watched the Daily Show from Tuesday which covered this, haven't heard about it anywhere else.

    Either way, I don't quite get the specifics at the moment, but it seems like just another sign that the US legislative is outdated and heavily corrupted. As Jon also noted on the show, it's cute when people think they could change the system though...

    And that may also be why it's pointless to discuss this, nothing is going to change unless a majority of Americans want it to and that's not going to happen anytime soon. I'd have more hope for a change in gun legislation than a complete overhaul of the political system...

    If someone can just slip in a bill written entirely by a corporation in the middle of the night and everybody votes for it the next day because it is somehow attached to something important, that's a horrible political process that shouldn't be possible in a proper democracy.


    "Topic is tired and needs a nap." - Tosa Inu

  4. #4
    Senior Member Senior Member Fisherking's Avatar
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    Default Re: While you weren't looking...

    It should be called the bankers welfare spending bill. It puts the US on the hook for $300 Trillion in Derivatives, thus far.

    As most of us know, derivatives are side bets, so in effect the US taxpayers are financing the Wall Street Casino.


    Education: that which reveals to the wise,
    and conceals from the stupid,
    the vast limits of their knowledge.
    Mark Twain

  5. #5
    master of the pwniverse Member Fragony's Avatar
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    Default Re: While you weren't looking...

    They will have to deal with persons who got nothing to lose, that neck is going to get tired of always looking what's behind you. I am gladly pretty well off and don't have any real worries, but if I wouldn't be they would never enjoy a single moment of rest. Quid pro quo, you know what you do, who you are doing it to, and that cornered cats will do anything.

    enjoy your money. Someone is going to slit your throat one day
    Last edited by Fragony; 12-21-2014 at 17:03.

  6. #6
    Dux Nova Scotia Member lars573's Avatar
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    Default Re: While you weren't looking...

    Yet more proof that separation of powers isn't all it's cracked up to be.
    If you havin' skyrim problems I feel bad for you son.. I dodged 99 arrows but my knee took one.

    VENI, VIDI, NATES CALCE CONCIDI

    I came, I saw, I kicked ass

  7. #7
    Senior Member Senior Member Fisherking's Avatar
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    Default Re: While you weren't looking...

    Like they say, Best Government Money Can Buy.


    Education: that which reveals to the wise,
    and conceals from the stupid,
    the vast limits of their knowledge.
    Mark Twain

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  8. #8
    Annoyingly awesome Member Booger Flick Champion, Run Sam Run Champion, Speed Cards Champion rickinator9's Avatar
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    Default Re: While you weren't looking...

    Perhaps we should slowly try to stop doing business with the US.
    rickinator9 is either a cleverly "hidden in plain sight by jumping on the random bandwagon" scum or the ever-increasing in popularity "What the is going on?" townie. Either way I want to lynch him. - White Eyes

  9. #9
    master of the pwniverse Member Fragony's Avatar
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    Default Re: While you weren't looking...

    zdo you think it is any different here, the EU also sneaked in a law that allows taking your property if they are short on funds.

    We so have to leave the EU because they are always short on funds and they ARE going to adress our pension-funds.They can also take your savings, and your house if it still belongs to the bank. Not that it affects me because I payed my house back as soon as I could and my money isn't in the EU.
    Last edited by Fragony; 12-22-2014 at 11:17.

  10. #10
    Iron Fist Senior Member Husar's Avatar
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    Default Re: While you weren't looking...

    Quote Originally Posted by Fragony View Post
    zdo you think it is any different here, the EU also sneaked in a law that allows taking your property if they are short on funds.
    Yes, the entire road I live in now belongs to the EU and they run several crack kitchens here and wash the money through my yard sale business. I could only stay because I offered my cooperation, being a europhile and all that.


    "Topic is tired and needs a nap." - Tosa Inu

  11. #11
    master of the pwniverse Member Fragony's Avatar
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    Default Re: While you weren't looking...

    I don't care what you are, and what your arguments are, because I made sure it doesn't affect me. That doesn't mean there won't be a spare bed should you need it.

  12. #12
    Senior Member Senior Member Idaho's Avatar
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    Default Re: While you weren't looking...

    Capitalism in fundamental corruption shocker. Hold the front page.
    "The republicans will draft your kids, poison the air and water, take away your social security and burn down black churches if elected." Gawain of Orkney

  13. #13
    Master of Few Words Senior Member KukriKhan's Avatar
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    Default Re: While you weren't looking...

    Happy
    Be well. Do good. Keep in touch.

  14. #14
    Ni dieu ni maître! Senior Member a completely inoffensive name's Avatar
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    Default Re: While you weren't looking...

    That is assuming that next time around, people don't support a more laissez faire approach and let the banks fail. Too Big To Fail was unpalatable for many Americans and there is always the chance that this can again be reversed sometime in the near future.
    In all these papers we see a love of honest work, an aversion to shams, a caution in the enunciation of conclusions, a distrust of rash generalizations and speculations based on uncertain premises. He was never anxious to add one more guess on doubtful matters in the hope of hitting the truth, or what might pass as such for a time, but was always ready to take infinite pains in the most careful testing of every theory. With these qualities was united a modesty which forbade the pushing of his own claims and desired no reputation except the unsought tribute of competent judges.

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