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The Range
Law & Order
Do you think obama will "try" to take our guns?
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<blockquote data-quote="MadDawg" data-source="post: 1086211" data-attributes="member: 11627"><p>No I'm talking about the total lack of any oversight in things like hedge funds, the elimination of firewalls between Investment banks and regular ones, the elimination of firewalls between lending, insurance, investment and finally the use of overvalued mortgages (falsely rated as AAA bonds because only those could be traded- NO oversite on that) as a commodity to be traded internationally.</p><p></p><p>I'm talking about the revolving door between Wall street and government oversite agencies. The guy who worked on Wall st now 'oversees' Wall st and will soon go back to Wall st. Bit incestious to me. Wall st got the bailout, Mainstreet/ paycheck America will pick up the tab.</p><p></p><p>I see the false prophecy of the market and corporations are true living beings which will not cut their own throats. CEOs would never risk corporation well being for short term gain, but thats exactly what they did to gain the millions in annual bonuses if a spike in the stock price was a certain level, nevermind like a plane at too steep an angle of attack it WILL stall. Market crashed, CEOs, CFOs, and select high level manglement bailed with golden parachutes or got millions each in bonuses for directing the massive failure.</p><p></p><p>BushII was a C average drooler who was putty in the hands of career gameplayers. I am reminded of an old cartoon, Pinky and the Brain where each episode they attempt world domination, but Brain is too arrogant and Pinky a total bafoon. (Ummm and incase it isnt clear Bush the Younger is bumbling Pinky.)</p><p></p><p>I was just amused by how quickly Obama went from inexperienced to master manipulator- NEVER said it never happened to others!</p><p></p><p>Birthrights are a funny thing. Some are fleeting, a case of birthright by default. Lack of any competition for the status leads some to be complacent. As new elements enter the mix, hungery for a place and are willing to do more for less its only natural some of the original crowd get angry, fearful and very resentful.</p><p></p><p>When our nation went from agrarian to industrial our workforce underwent a great upheaval. As the Industrial related companies fought ruthlessly for market domination the federal government was forced to finally act over tremendous Robber Baron objections of Government interference and its the natural order in Capitalism. (not like health care today) Finally the Anti-trust laws were cobbled together (heathcare insurance is exempt) and some sort of leveling off occured until the stock market, which was then the speculative outlet for surplus money, overheated and collapsed.</p><p></p><p>I understand the fear and uncertainty, but I also understand what many see as a birthright was merely a temporary bonus.</p><p></p><p>Just how much resentment and backlash is based on fact and how much on hate is very subjective.</p></blockquote><p></p>
[QUOTE="MadDawg, post: 1086211, member: 11627"] No I'm talking about the total lack of any oversight in things like hedge funds, the elimination of firewalls between Investment banks and regular ones, the elimination of firewalls between lending, insurance, investment and finally the use of overvalued mortgages (falsely rated as AAA bonds because only those could be traded- NO oversite on that) as a commodity to be traded internationally. I'm talking about the revolving door between Wall street and government oversite agencies. The guy who worked on Wall st now 'oversees' Wall st and will soon go back to Wall st. Bit incestious to me. Wall st got the bailout, Mainstreet/ paycheck America will pick up the tab. I see the false prophecy of the market and corporations are true living beings which will not cut their own throats. CEOs would never risk corporation well being for short term gain, but thats exactly what they did to gain the millions in annual bonuses if a spike in the stock price was a certain level, nevermind like a plane at too steep an angle of attack it WILL stall. Market crashed, CEOs, CFOs, and select high level manglement bailed with golden parachutes or got millions each in bonuses for directing the massive failure. BushII was a C average drooler who was putty in the hands of career gameplayers. I am reminded of an old cartoon, Pinky and the Brain where each episode they attempt world domination, but Brain is too arrogant and Pinky a total bafoon. (Ummm and incase it isnt clear Bush the Younger is bumbling Pinky.) I was just amused by how quickly Obama went from inexperienced to master manipulator- NEVER said it never happened to others! Birthrights are a funny thing. Some are fleeting, a case of birthright by default. Lack of any competition for the status leads some to be complacent. As new elements enter the mix, hungery for a place and are willing to do more for less its only natural some of the original crowd get angry, fearful and very resentful. When our nation went from agrarian to industrial our workforce underwent a great upheaval. As the Industrial related companies fought ruthlessly for market domination the federal government was forced to finally act over tremendous Robber Baron objections of Government interference and its the natural order in Capitalism. (not like health care today) Finally the Anti-trust laws were cobbled together (heathcare insurance is exempt) and some sort of leveling off occured until the stock market, which was then the speculative outlet for surplus money, overheated and collapsed. I understand the fear and uncertainty, but I also understand what many see as a birthright was merely a temporary bonus. Just how much resentment and backlash is based on fact and how much on hate is very subjective. [/QUOTE]
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