Comments on: Hey Blue Dogs: It’s Time For The Rich to Pay Back Those Tax Loans http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/ Firedoglake weblog Sat, 18 Feb 2012 03:46:46 -0600 hourly 1 http://wordpress.org/?v=3.1.2 By: NAVDOC3rdMAR http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943396 NAVDOC3rdMAR Sun, 26 Jul 2009 23:41:38 +0000 http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943396 <p>Follow the money… <a href="http://hmc-lavadogs.livejournal.com/19845.html" rel="nofollow">Link</a> Call Congress and demand, “Single-Payer Health Care for All Now!</p> <p>Sign the Single-Payer Petition: <a href="http://www.singlepayeraction.org/join.html" rel="nofollow">Link</a></p> <p>SEMPER FI!</p> Follow the money… Link Call Congress and demand, “Single-Payer Health Care for All Now!

Sign the Single-Payer Petition: Link

SEMPER FI!

]]> By: masaccio http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943389 masaccio Sun, 26 Jul 2009 23:28:23 +0000 http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943389 <p>Thanks for the kind words. Roy is a great mind.</p> Thanks for the kind words. Roy is a great mind.

]]> By: siri http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943316 siri Sun, 26 Jul 2009 21:55:48 +0000 http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943316 <p>Thx late here, masaccio. I LOVE your blogs, I always always learn a lot reading what you write!<br /> Thank you for that.<br /><a href="http://www.easenews.net/?p=1936" rel="nofollow">This is what I got sidetracked with.</a><br /> Interesting read if you like Roy, which I do!<br /> learn a LOT from her too.<br /> write more, masaccio.</p> Thx late here, masaccio. I LOVE your blogs, I always always learn a lot reading what you write!
Thank you for that.
This is what I got sidetracked with.
Interesting read if you like Roy, which I do!
learn a LOT from her too.
write more, masaccio.

]]> By: masaccio http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943291 masaccio Sun, 26 Jul 2009 21:27:32 +0000 http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943291 <p>A whole lot of it was “invested” in financial investments, chasing returns. So, you have tons of money in real estate, and hedge funds and collateralized debt obligations and other financial instruments. Another large batch is invested in commodities. Finally, another part is sucked up into collateral for collapsing credit default swaps.</p> <p>Another huge chunk went into private equity funds. It is in the form of debt instruments related to ownership of otherwise perfectly good businesses, now burdened by overwhelming interest payments.</p> <p>And gold.</p> A whole lot of it was “invested” in financial investments, chasing returns. So, you have tons of money in real estate, and hedge funds and collateralized debt obligations and other financial instruments. Another large batch is invested in commodities. Finally, another part is sucked up into collateral for collapsing credit default swaps.

Another huge chunk went into private equity funds. It is in the form of debt instruments related to ownership of otherwise perfectly good businesses, now burdened by overwhelming interest payments.

And gold.

]]> By: Hmmm http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943270 Hmmm Sun, 26 Jul 2009 20:55:27 +0000 http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943270 <p>So… where exactly has all this upwardly-sucked privately held capital gone? Just sitting in banks? RE holdings? Not formation of / investment in new companies, that I can see. Consumption of luxury goods wouldn’t begin to explain it.</p> So… where exactly has all this upwardly-sucked privately held capital gone? Just sitting in banks? RE holdings? Not formation of / investment in new companies, that I can see. Consumption of luxury goods wouldn’t begin to explain it.

]]> By: Gitcheegumee http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943262 Gitcheegumee Sun, 26 Jul 2009 20:22:29 +0000 http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943262 <p>Is anybody here old enough to remember the BCCI and S&L hijinks of the ’80’s?</p> <p>This 2008 meltdown,or heist rather, is simply the same cast of characters (Citi,AIG included)-led by the Bush Family- coming back,the second time around, to finish robbing the place.</p> Is anybody here old enough to remember the BCCI and S&L hijinks of the ’80’s?

This 2008 meltdown,or heist rather, is simply the same cast of characters (Citi,AIG included)-led by the Bush Family- coming back,the second time around, to finish robbing the place.

]]> By: Gitcheegumee http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943261 Gitcheegumee Sun, 26 Jul 2009 20:17:00 +0000 http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943261 <p>Ooooooh,and he’s a SOCIALIST!(Snark)</p> Ooooooh,and he’s a SOCIALIST!(Snark)

]]> By: PPDCUS http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943258 PPDCUS Sun, 26 Jul 2009 20:08:43 +0000 http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943258 <p>You’re talking about restoring capital formation as a function of broadly distributed wealth creation & productive capacity within the country.</p> <p>This would take reversing the massive shift of earned & unearned income to the top 1% and regressive tax laws as cited above.</p> <p>Like Big Pharma & the insurance industry to health care reform, why would Wall Street allow such a change in their fortunes? Know of any democrats other than Bernie Sanders who are willing to walk the plank for the middle class?</p> You’re talking about restoring capital formation as a function of broadly distributed wealth creation & productive capacity within the country.

This would take reversing the massive shift of earned & unearned income to the top 1% and regressive tax laws as cited above.

Like Big Pharma & the insurance industry to health care reform, why would Wall Street allow such a change in their fortunes? Know of any democrats other than Bernie Sanders who are willing to walk the plank for the middle class?

]]> By: PPDCUS http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943256 PPDCUS Sun, 26 Jul 2009 19:46:49 +0000 http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943256 <p>Hey nahant</p> Hey nahant

]]> By: kcwells http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943255 kcwells Sun, 26 Jul 2009 19:45:50 +0000 http://firedoglake.com/2009/07/26/hey-blue-dogs-its-time-for-the-rich-to-pay-back-those-tax-loans/#comment-1943255 <p>Right on!</p> Right on!

]]>