dagblog - Comments for "There otta be a law"

I usually make some sort of

Flavius — Sun, 13 Mar 2011 15:34:14 +0000

I usually make some sort of temporizing reply so as not to ever have a definite position.I can't think of one in this case. But give me time.

Read 13 Bankers, by Simon

Beetlejuice — Sun, 13 Mar 2011 14:10:12 +0000

In reply to There otta be a law

Read 13 Bankers, by Simon Johnson and James Kwak, and you'll see the whole picture.

The Bailed Out Banks (BOBs) own the Fed, Treasury and Congress, lock stock and barrel. They hold the keys so none of them have a fear of going to jail.

Congress should have let them all fail then taken them into receivership, reorganized them and sold them back to the public once they were sanitized. But to have done so would have short changed the stockholders...they would have lost their asses completely. Of course, those same shareholders I suspect were big GOPer campaign donation power players...wipe them out and no large campaign funds for re-election.

Also, the BOBs have refused for years for the government interfere and regulate their operations...they didn't want anything like the FDIC to cover their asses if the unthinkable ever happened because they were too smart to act so gullible...famous last words.

As far as I'm concerned, if the BOBs ever come back and ask the public to bail them out again...which may very well happen..., they should be told can find all the sympathy they need in the dictionary between shit and syphilis.

My "cook's share was seven

Flavius — Sun, 13 Mar 2011 12:53:00 +0000

In reply to There otta be a law

My "cook's share was seven times higher" statement maybe should be illustrated

In 1975 if Bill Banker got a million dollar bonus he was left with something under $100K after tax.. In 1985 he'd keep around $650K . Hello Long Term Capital Management !

The risk manager in my family -really- disagrees with my theory that these higher bonuses resulted in riskier decisions. But here at Flav News we report you decide.

Your rationale makes perfect

Wattree — Sun, 13 Mar 2011 09:57:20 +0000

In reply to There otta be a law

Your rationale makes perfect sense, Flavius.

And people are beginning to get the point. Here's a joke a Tea Party buddy of mine in Texas wrote me:

"George Bush, Queen Elizabeth, and Vladimir Putin all die and go to hell. While there, they spy a red phone and ask what the phone is for. The devil tells them it is for calling back to Earth. Putin asks to call Russia and talks for 5 minutes. When he was finished the devil informs him that the cost is a million dollars, so Putin writes him a check.

"Next Queen Elizabeth calls England and talks for 30 minutes. When she was finished the devil informs her that the cost is 6 million dollars, so Queen Elizabeth writes him a check.
Finally George Bush gets his turn and talks for 4 hours. When he was finished the devil informed him that there would be no charge for the call and feel free to call the USA anytime.
When Putin hears this he goes ballistic and asks the devil why Bush got to call the USA free. The devil replied, Since Obama became president of the USA, the country has gone to hell, so it's a local call."