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  #11  
Old 04-09-2008, 08:58 PM
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Default Re: The Largest Financial Shock Since The Great Depression
Quote:
Originally Posted by weswelker#83 View Post
How do you give money or make profits to your shareholders ?
there is a big difference in borrowing to support the business and borrowing to pay dividends.
What are you even trying to say at this point? Do you have any idea?
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  #12  
Old 04-09-2008, 09:05 PM
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Default Re: The Largest Financial Shock Since The Great Depression
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Originally Posted by a.paul View Post
What are you even trying to say at this point? Do you have any idea?

You have no clue of what's going on , you are simply a troll.


The banks are acting like a homeowner who borrows against his home and spending the funds on a car instead of improvements.
It is either you are slow or you are a troll !
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I guess we had to get to them, before one of them is elected US President!
Republicans are "the party that wrecked America."
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  #13  
Old 04-09-2008, 09:08 PM
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Default Re: The Largest Financial Shock Since The Great Depression
Quote:
Originally Posted by weswelker#83 View Post
You have no clue of what's going on , you are simply a troll.


The banks are acting like a homeowner who borrows against his home and spending the funds on a car instead of improvements.
It is either you are slow or you are a troll !
Disagreeing with you--based on the article you yourself posted--makes me neither troll nor slow.

I'm sorry you don't seem to be able to grasp the concept, however, but that doesn't make me the bad guy.
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  #14  
Old 04-09-2008, 09:26 PM
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Default Re: The Largest Financial Shock Since The Great Depression
welker and a.paul should get a room
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  #15  
Old 04-09-2008, 09:29 PM
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Default Re: The Largest Financial Shock Since The Great Depression
Quote:
Originally Posted by a.paul View Post
Disagreeing with you--based on the article you yourself posted--makes me neither troll nor slow.

I'm sorry you don't seem to be able to grasp the concept, however, but that doesn't make me the bad guy.
Quote:
U.S. lawmakers such as Senator Charles Grassley, a Republican from Iowa, and investors such as First Pacific Advisors LLC Chief Executive Officer Robert Rodriguez in Los Angeles have said the central bank has been taking unusual risks that may cost taxpayers.

http://www.bloomberg.com/apps/news?p...SaM&refer=home
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  #16  
Old 04-09-2008, 09:34 PM
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Default Re: The Largest Financial Shock Since The Great Depression
Quote:
Originally Posted by weswelker#83 View Post
welker....i've read alot of what you are against.

if you could change things in america what major changes would you make?
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  #17  
Old 04-09-2008, 09:37 PM
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Default Re: The Largest Financial Shock Since The Great Depression
Quote:
Originally Posted by weswelker#83 View Post
That's nice. It's not the same topic you originally posted on, but nice try.

From your original post:
Quote:
WASHINGTON -(Dow Jones)- Investment banks may be abusing the money they are borrowing from the Federal Reserve's discount window in order to issue dividends, a top House Democrat said Wednesday.

Rep. Paul Kanjorski, D-Penn., the chairman of the House subcommittee with oversight over the capital markets, raised the concern during a hearing Wednesday. He said a hedge fund manager suggested in a recent meeting that large banks may be borrowing billions of dollars in funds made available by the central bank in order to benefit their shareholders.

"I myself will be incensed if after going to the rescue of these institutions there are those types of abuses occurring," Kanjorski said. "Particularly I'll be incensed if the Federal Reserve hasn't marched up here with emergency sirens saying there's something happening that shouldn't happen."
Now...he basically says here that he heard from a guy who knows a guy that...etc.
In other words, there's no basis to even think anything untoward is happening. And notice: "to issue dividends". Nothing about re-lending.
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Last edited by otis p. driftwood; 04-09-2008 at 09:40 PM.
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  #18  
Old 04-09-2008, 09:41 PM
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Default Re: The Largest Financial Shock Since The Great Depression
Quote:
Originally Posted by MrBigglesWorth View Post
welker....i've read alot of what you are against.

if you could change things in america what major changes would you make?

If you're an American corporation, you no longer have to worry about trials for wrongdoing. This should be changed ASAP.
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Republicans are "the party that wrecked America."
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  #19  
Old 04-09-2008, 09:42 PM
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Default Re: The Largest Financial Shock Since The Great Depression
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Originally Posted by weswelker#83 View Post
If you're an American corporation, you no longer have to worry about trials for wrongdoing. This should be changed ASAP.
how do you change this since pretty much all politicians are backed by corporations?
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  #20  
Old 04-09-2008, 10:04 PM
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Default Re: The Largest Financial Shock Since The Great Depression
Quote:
Originally Posted by MrBigglesWorth View Post
how do you change this since pretty much all politicians are backed by corporations?
Solution: Review the whole system ,before it crumbles .I see it like an old bridge that needs some tweaking here and there.

More information:
http://www.nytimes.com/2008/04/09/wa...ce.html?ref=us
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Republicans are "the party that wrecked America."
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