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So Wall Street Bankers Are Mostly Democrats?

Discussion in 'Political Discussion' started by IcyPatriot, Sep 20, 2008.

  1. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey

    All this financial upheaval in the news and everyone blaming Bush and the republicans for it. Here's an interesting story that implicates Obama and McCain ... and guess who received more money from these crooks?

    $9.9 mil to Obama ... I guess these guys are closet republicans. :rolleyes:
  2. Fogbuster

    Fogbuster Rookie

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    You didn't know that before?? :eek:

    Most Wall Street bigs are Democrats. John Corzine, Democrat senator from New Jersey, was a big player for somebody (Goldman, Sachs?) before he decided to go political. You think he'd be a Repub because he came from Wall Street, but the laws for Wall Street were mostly all written by Democrats, for Democrats.

    And now we see the results: crappy credit standards that just about broke the national bank.

    :mad:

    //
  3. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Interesting post but difficult to respond, unless you are sheeple like the previous responder and just believe everything you read, you did not qualify it..went to open secrets, and could not find what you were talking about..

    If you are referencing the Telegraph Article, which is difficult to tell as you failed to caption it..maybe this is the source.

    John McCain and Barack Obama accept millions from Wall Street bankers - Telegraph

    and further from teh same article, which may be as relevant in the whole piece:

    All for know, Patriots on this PM.. have fun..
  4. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Wall Street is certainly mostly Republican, but it does not vote Party, it votes shareholder wealth. Apparently, Wall Street thinks Obama has the better ideas for creating a stable and growing economy. The crooks support McCain because he has a long history of opposing regulation.
  5. PatsFanInMaine

    PatsFanInMaine Rookie

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    So in this case wealth trumps racism? Interesting.
  6. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Not all Republicans are racist. Many of them wouldn't lift a finger to support or oppose racism, unless it was in the interest of shareholder wealth. It's all about money to them.
  7. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    I think the vast number or Wal Streeters are Republicans and want McCain to win - but they have to hedge their bets and have their fingers in Obama in case he wins.
  8. weswelker#83

    weswelker#83 Rookie

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    This is the system that f%%$#% us in the first place. Lobbysm = bribery.
  9. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    This is why you want a Flat Tax, and why Government sponsored 'private' entities like Fannie and Freddie used by politicians to implement social policies while placing the risk on the tax payers are never a good ides.

    Combined with the 'Community Redevelopment Act. It produced the housing bubble, and subprime problem which is the basis for this entire mess.
  10. PatriotsReign

    PatriotsReign On the Roster

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    I'm starting to see a lot of positives in what you say above. Especially the government sponsored entities and putting the risk in the hands of tax payers.

    Would you support a law that makes it illegal moving forward for our government to give or loan money to corporate enterprises? I do.
  11. Michael

    Michael Moderator Staff Member PatsFans.com Supporter

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    #12 Jersey

    Well, they expect the government to support them soooooo.
  12. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Yes. I would support this, IMO gov shouldn't take the risk out of capitalism. I don't care how much CEO's are paid ass long as the shareholders and not the taxpayers are footing the bill. I would also NEVER want gov dictating how loans should be granted by banks.

    It is an outrage how people who ran Freddie and Fanny made 10s of millions making risky loans and making big'profits' then walk away whne their mess collapses.
    Last edited: Sep 21, 2008
  13. PatriotsReign

    PatriotsReign On the Roster

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    Strange how we disagree on a lot political issues but are in complete agreement on this one. I like your point about how the government has taken risk out of investment to an extent. Which also means the game has been fixed to an extent.

    These companiew knew full well that if things fell apart, they'd be bailed out. unless we pass such a law, they'll continue to do that same thing down the road and good 'ol Uncle Sam will be there to bail 'em out again.

    Because this safety net diminished the risk equation, these companies took bigger risks and made MORE money than they would have otherwise. All this did was over-inflate the stock markets big time. If a law isn't passed, the markets will become over-inflated once again because the safety-net still exists.

    I just think it's fukkced up. Our government isn't supposed to be a partner to corporate America it SHOULD be a partner to the people!
    Last edited: Sep 21, 2008
  14. Run DMC

    Run DMC Rookie

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    #24 Jersey

    Ever hear of the term, divide and conquer? Well that's exactly what this partisan BS is all about. This is a class war, plain and simple. The ultra-wealthy are above partisan politics, religion, and national pride. That is all for the knuckle draggers and mouth breathers many of whom inhabit this board, obviously. Wake the F up already!

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