Comments on: The Danger of Wall Street Blackmailing Us Back Into a Bad Bill http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/ Firedoglake weblog Thu, 26 Nov 2009 04:20:26 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: MarkH http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656627 MarkH Tue, 30 Sep 2008 02:14:00 +0000 http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656627 <blockquote><p>Until the progressive understand the Wingers real objectives, they will play into their hands. </p></blockquote> <p>What makes you think Dems DON’T understand the Right’s objectives AND plans to get there?</p> <p>The crash today was planned long ago and was expected when we saw Cox blocking short-selling. That was guaranteed to set up a crash!</p> <p>As you said, they want to drown us in red ink. But, is $700B or even $2T so much debt we can afford to NOT fix the health care system, shrink the military, end our addiction to oil, end the wars, go Green and so on? Our plans are forever. They aren’t handouts. They aren’t choices. They’re required!</p> <p>Republicans think they can bludgeon us, but they can’t. Every time they try they just hit themselves like the Three Stooges.</p> <p>Question is, how do Dems use that knowledge to meet it for the good of the country.</p>

Until the progressive understand the Wingers real objectives, they will play into their hands.

What makes you think Dems DON’T understand the Right’s objectives AND plans to get there?

The crash today was planned long ago and was expected when we saw Cox blocking short-selling. That was guaranteed to set up a crash!

As you said, they want to drown us in red ink. But, is $700B or even $2T so much debt we can afford to NOT fix the health care system, shrink the military, end our addiction to oil, end the wars, go Green and so on? Our plans are forever. They aren’t handouts. They aren’t choices. They’re required!

Republicans think they can bludgeon us, but they can’t. Every time they try they just hit themselves like the Three Stooges.

Question is, how do Dems use that knowledge to meet it for the good of the country.

]]> By: MarkH http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656610 MarkH Tue, 30 Sep 2008 01:53:40 +0000 http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656610 <p>The more I think about it (TOILET paper from upstream) the more I like it. You don’t have cash, but people know the government is going to be around.<br /> So, the government buys assets from firms at about 60% of face value (or some other percent) and pay for them with government bonds (the TOILET paper) to mature in about 10 years.</p> <p>This means the value is set and the firms will get paid back, so banks can offer them credit. And, it gives government time to fix/renegotiate the mortgages.</p> <p>Are mortgages & other things bundled together inextricably in CDOs?</p> The more I think about it (TOILET paper from upstream) the more I like it. You don’t have cash, but people know the government is going to be around.
So, the government buys assets from firms at about 60% of face value (or some other percent) and pay for them with government bonds (the TOILET paper) to mature in about 10 years.

This means the value is set and the firms will get paid back, so banks can offer them credit. And, it gives government time to fix/renegotiate the mortgages.

Are mortgages & other things bundled together inextricably in CDOs?

]]> By: KayInMaine http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656455 KayInMaine Mon, 29 Sep 2008 23:59:50 +0000 http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656455 <p>Well, he said something needed to be done. I have a feeling Barack knew the current bill would die in the House. As of right now, we don’t know how Barack would really vote because no bill has reached the Senate yet. ;-)</p> Well, he said something needed to be done. I have a feeling Barack knew the current bill would die in the House. As of right now, we don’t know how Barack would really vote because no bill has reached the Senate yet. ;-)

]]> By: MrTentacle http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656451 MrTentacle Mon, 29 Sep 2008 23:59:05 +0000 http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656451 <blockquote><p>why do you think obama would put forward anything different than the bill that got killed today? he supported this one.</p></blockquote> <p>I don’t think he had any other choice but to support it - he certainly didn’t like it much and made that clear, but as bad as it was it was the best that Pelosi, Reid, Frank et al could get out of the negotiations.</p> <p>With more analysis and without the intense pressure from Wall Street and the rest of the “greed is good” community I think the Obama administration can put together a much better solution.</p>

why do you think obama would put forward anything different than the bill that got killed today? he supported this one.

I don’t think he had any other choice but to support it – he certainly didn’t like it much and made that clear, but as bad as it was it was the best that Pelosi, Reid, Frank et al could get out of the negotiations.

With more analysis and without the intense pressure from Wall Street and the rest of the “greed is good” community I think the Obama administration can put together a much better solution.

]]> By: SanderO http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656447 SanderO Mon, 29 Sep 2008 23:56:54 +0000 http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656447 <p>hahaha posted the comment in the wrong forum… I am outed!</p> hahaha posted the comment in the wrong forum… I am outed!

]]> By: SanderO http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656445 SanderO Mon, 29 Sep 2008 23:55:25 +0000 http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656445 <p>As an owner of a Raymarine C 80 I can declare that they user interface is awful.</p> <p>There is lots of crap in there and a MFD seems neat, but if it goes south you lose a lot of data.</p> <p>I prefer Furuno or Garmin.</p> <p>My recommendation is to get an MFD and use it as a radar and perhaps add in inexpensive AIS such as the NASA.</p> <p>Get a separate hand held plotter for use in the cockpit. I have one and I don’t use the nav station plotter as a plotter.</p> <p>I DO have cockpit repeaters for the GPS functions so I can load a waypoint at the nav station and see the “progress” data in the cockpit. For a picture I use the hand held.</p> <p>I would not integrate the autopilot with the GPS. Get a stand alone unit - take the course to waypoint data from your GPS and input it into the auto pilot.</p> <p>I have an Alpha 3000 which I am very pleased with (below decks) and especially like the way it has a 360° dial /compass interface for setting courses. I do not like the push button autopilots increments of 10 and 1 degree.</p> <p>The KVH sail comp is a flux gate, can export to an MFD and is a GPS repeater. Reliable.</p> As an owner of a Raymarine C 80 I can declare that they user interface is awful.

There is lots of crap in there and a MFD seems neat, but if it goes south you lose a lot of data.

I prefer Furuno or Garmin.

My recommendation is to get an MFD and use it as a radar and perhaps add in inexpensive AIS such as the NASA.

Get a separate hand held plotter for use in the cockpit. I have one and I don’t use the nav station plotter as a plotter.

I DO have cockpit repeaters for the GPS functions so I can load a waypoint at the nav station and see the “progress” data in the cockpit. For a picture I use the hand held.

I would not integrate the autopilot with the GPS. Get a stand alone unit – take the course to waypoint data from your GPS and input it into the auto pilot.

I have an Alpha 3000 which I am very pleased with (below decks) and especially like the way it has a 360° dial /compass interface for setting courses. I do not like the push button autopilots increments of 10 and 1 degree.

The KVH sail comp is a flux gate, can export to an MFD and is a GPS repeater. Reliable.

]]> By: BooRadley http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656428 BooRadley Mon, 29 Sep 2008 23:46:33 +0000 http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656428 <p>In January, Obama (hoping) and Democrats will want the economy rebounding going into the 2010 elections. That suggests that 2009 will be very painful. No guarantees, but I think it’s reasonable to think liberals will never be in a better position than January 2009.</p> In January, Obama (hoping) and Democrats will want the economy rebounding going into the 2010 elections. That suggests that 2009 will be very painful. No guarantees, but I think it’s reasonable to think liberals will never be in a better position than January 2009.

]]> By: Bluetoe2 http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656418 Bluetoe2 Mon, 29 Sep 2008 23:41:26 +0000 http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656418 <p>The film “Escape from New York” gives a look at what the future holds for the U.S.. Ignorance, hubris, greed (The cornerstones of Republican ideology) has brought the U.S. to the verge of collapse. The next conflagaration will make the French or Russian Revolutions look like tea parties.</p> The film “Escape from New York” gives a look at what the future holds for the U.S.. Ignorance, hubris, greed (The cornerstones of Republican ideology) has brought the U.S. to the verge of collapse. The next conflagaration will make the French or Russian Revolutions look like tea parties.

]]> By: BooRadley http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656415 BooRadley Mon, 29 Sep 2008 23:38:52 +0000 http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656415 <p>I don’t know that either Obama or McCain explicitly allowed themselves to be painted into a corner on this one. Maybe I’m wrong.</p> I don’t know that either Obama or McCain explicitly allowed themselves to be painted into a corner on this one. Maybe I’m wrong.

]]> By: Bluetoe2 http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656412 Bluetoe2 Mon, 29 Sep 2008 23:37:59 +0000 http://firedoglake.com/2008/09/29/the-danger-of-wall-street-blackmailing-us-back-into-a-bad-bill/#comment-1656412 <p>When the economic house of cards comes tumbling down and their are massive layoffs, business closings, followed by food and fuel riots it will be time to carve up the carcass that was the U.S.. New England, the Upper Midwest and the Pacific Northwest including California can petition for entry into Canada. What’s left can consolidate into the Cracker States of America with the Confederate constitution as their model.</p> When the economic house of cards comes tumbling down and their are massive layoffs, business closings, followed by food and fuel riots it will be time to carve up the carcass that was the U.S.. New England, the Upper Midwest and the Pacific Northwest including California can petition for entry into Canada. What’s left can consolidate into the Cracker States of America with the Confederate constitution as their model.

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