Thread: American Politics
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05-12-25 20:09 #18160
Posts: 3361Clown show yes indeed your posts are a clown show
"No, YOU couldn't be MORE WRONG!
Also Glass-Steagall, NEVER prevented or covered the derivatives explosion of credit default swaps and "legalized unregulated gambling", or the multi-billion dollar predatory leading that took place under firms like, Countrywide and Wells Fargo.
Everyone knows, as it's widely reported, that under the dumbass Republican admin of George W. "Bushitler" and Hank Paulson, the, and policy change, that let the banks over leverage and barrow 30 x their assets with mortgage-backed securities, something they were NEVER allowed to do, with regular securities.
USA Recessions began under Repub presidents, since the 1950's.
It is dis / misinformed answers like yours, WHY THE BILLIONAIRE CLASS, enjoys PICKING YOUR POCKETS!
Repeal of Glass-Steagall Caused the Financial Crisis.
The repeal of the law separating commercial and investment banking caused the 2008 financial crisis.
By James Rickards.
Aug. 27,2012, at 1:19 pm.
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USA News & World Report.
Glass-Steagall Repeal Caused '08 Crisis.
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Dan Wasserman Tribune Media Services.
Editorial Cartoon.
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The oldest propaganda technique is to repeat a lie emphatically and often until it is taken for the truth. Something like this is going on now with regard to banks and the financial crisis. The big bank boosters and analysts who should know better are repeating the falsehood that repeal of Glass-Steagall had nothing to do with the Panic of 2008.
In fact, the financial crisis might not have happened at all but for the 1999 repeal of the Glass-Steagall law that separated commercial and investment banking for seven decades. If there is any hope of avoiding another meltdown, it's critical to understand why Glass-Steagall repeal helped to cause the crisis. Without a return to something like Glass-Steagall, another greater catastrophe is just a matter of time.
History is a good place to begin. After the Depression of 1920-21, the United States embarked on a period of economic prosperity known as the Roaring Twenties. It was a time of innovation, especially in consumer goods such as automobiles, radio, and refrigeration. Along with these goods came new forms of consumer credit and bank expansion. National City Bank (forerunner of today's Citibank) and Chase Bank opened offices to sell securities side-by-side with traditional banking products like deposits and loans.
As the decade progressed, the stock market boomed and eventually reached bubble territory. Along with the bubble came market manipulation in the form of organized pools that would ramp up the price of stocks and dump them on unsuspecting suckers just before the stock collapsed. Banks joined in by offering stocks of holding companies that were leveraged pyramid schemes and other securities backed by dubious assets.
In 1929, the music stopped, the stock market crashed and the Great Depression began. It took eight years from the start of the boom to the bust. Subsequent investigations revealed the extent of the fraud that preceded the crash. In 1933, Congress passed Glass-Steagall in response to the abuses. Banks would be allowed to take deposits and make loans. Brokers would be allowed to underwrite and sell securities. But no firm could do both due to conflicts of interest and risks to insured deposits. From 1933 to 1999, there were very few large bank failures and no financial panics comparable to the Panic of 2008. The law worked exactly as intended.
In 1999, Democrats led by President Bill Clinton and Republicans led by Sen. Phil Gramm joined forces to repeal Glass-Steagall at the behest of the big banks. What happened over the next eight years was an almost exact replay of the Roaring Twenties. Once again, banks originated fraudulent loans and once again they sold them to their customers in the form of securities. The bubble peaked in 2007 and collapsed in 2008. The hard-earned knowledge of 1933 had been lost in the arrogance of 1999.
The bank supporters' attacks on this clear-as-a-bell narrative deserve a hearing to show how flimsy they are. One bank supporter says you cannot blame banks for fraudulent loan originations because that was done by unscrupulous mortgage brokers. This is nonsense. The brokers would not have been able to fund the loans in the first place if the banks had not been buying their production.
Another apologist says the fact that no big banks failed in the crisis proves they were not the cause of the problem. This is also ludicrous. The reason the big banks did not fail was because they were bailed out by the government. Clearly the banks would have failed but for the bailouts. Bank balance sheets were neck-deep in liar loans and underwater home equity lines of credit. The fact that banks did not fail proves nothing except that they were too big to fail.
Yet another big bank spokesman says that nonbanks such as Lehman and Bear Stearns were more to blame for the crisis. This ignores the fact that nonbanks get their funding from banks in the form of mortgages, repurchase agreements, and lines of credit. Without the big banks providing easy credit on bad collateral like structured products, the nonbanks would not have been able to leverage themselves.
It is true that the financial crisis has enough blame to go around. Borrowers were reckless, brokers were greedy, rating agencies were negligent, customers were naïve, and government encouraged the fiasco with unrealistic housing goals and unlimited lines of credit at Fannie Mae and Freddie Mac.
Yet, the fact that there were so many parties to blame should not be used to deflect blame from the most responsible parties of all—the big banks. Without the banks providing financing to the mortgage brokers and Wall Street while underwriting their own issues of toxic securities, the entire pyramid scheme would never have got off the ground.
It was Glass-Steagall that prevented the banks from using insured depositories to underwrite private securities and dump them on their own customers. This ability along with financing provided to all the other players was what kept the bubble-machine going for so long.
Now, when memories are fresh, is the time to reinstate Glass-Steagall to prevent a third cycle of fraud on customers. Without the separation of banking and underwriting, it's just a matter of time before banks repeat their well-honed practice of originating garbage loans and stuffing them down customers' throats. Congress had the answer in 1933. Congress lost its way in 1999. Now is the chance to get back to the garden.
You are just a want to be shill for Anti American Wall Street, just like ET.
If its very bad for America and Americans you love it.
If its very good for America and Americans you hate it.
CNBC links? Seriously? Why no WSJ links lolololol you're a lame ass want to be shill.
And you are a treasonous bastard that belongs in a cell with Bubba and his hideous husband, for giving Aid and Comfort to the enemy.
I hear DOGE / Elon is using AI to hunt online for Anti American activities online, I sure hope they get you.
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05-12-25 19:03 #18159
Posts: 1529George W. "Bushitler"/Repubs == 2008 Global Subprime Crisis...
Originally Posted by MarquisdeSade1 [View Original Post]
Glass-Steagall, was put in place to protect the commercial banks. Of the biggest firms that FAILED under the Repubs/George W. "Bushitler" admin in 2008 Subprime Crisis, were the investment banks of Lehman, Bear Stearns and the insurer AIG, that NEVER relied on OR were ever covered under Glass-Steagall protections.
Also Glass-Steagall, NEVER prevented or covered the derivatives explosion of credit default swaps (CDS), collateralized debt obligations (CDOs) and "legalized unregulated gambling", or the multi-billion dollar predatory leading that took place under firms like, Countrywide and Wells Fargo.
You know...for all your whining and whinging, you do, it won't detract or dismiss from the FACT, yet another recession, depression and financial crisis took place under a pitiful George W. "Bushitler" and Hank Paulson, clown show Repub admin.
Next time, THINK B4 U ANSWER!
2004 SEC Leverage Rule Change, that largely led to the 2008 Subprime Mortgage Crisis:
Everyone knows, as it's widely reported, that under the dumbass Republican admin of George W. "Bushitler" and Hank Paulson, the 2004 SEC Leverage Rule Change, and policy change, that let the banks over leverage and barrow 30x their assets with mortgage-backed securities, something they were NEVER allowed to do, with regular securities.
The SEC Rule That Broke Wall Street
https://www.cnbc.com/2012/03/21/the-...ll-street.html
In 2004, rule change at SEC set the stage for a credit crisis
https://theworld.org/stories/2013/08...-credit-crisis
Originally Posted by MarquisdeSade1 [View Original Post]
It is dis/misinformed answers like yours, WHY THE BILLIONAIRE CLASS, enjoys PICKING YOUR POCKETS! (...kkkk!).
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05-12-25 18:09 #18158
Posts: 24734But now, best motos are Ducati, Aprilia and BMW, not anymore Japanese, nor US.
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05-12-25 17:35 #18157
Posts: 5973If I lived in Europe with their winding back roads where you can't even open your bike up, no way would I buy a cruiser, they are long haul highway bikes.
The reason why they think they cannot open up their bikes on the twisties is because they don't know how to control their motorcycles. They know how to ride fast in a straight line.
I took a course to learn how to control my motorcycle. It concluded with a half day on there track. Where we put all of our lessons we learned in the control setting (acceleration, shifting, braking, hitting the apex of the curve by getting your body into the proper position for the lean.
Republican Morons cannot do that. All of the work that is done in that situation is done by the rider. There is not way for a Republican Moron to pay someone to do the work for them. Unless they are the owner of a race team. No, a Republican Moron cannot do the work for themselves to control the motorcycle and that is why they buy big, loud, heavy, overpriced machines in order to feel cool and go really fast in a straight line. A individual that knows how to ride really puts the work in themselves. There is simply no way around it. That is simply not in the character of Republican Moron.
Now tell me: How did Harley-Davison screw up a market where they had a monopoly? Because they failed to recognize the changing market in the Dis-United States of America.
Motorcycle Sales by Manufacturer 2024 USA
Based on the available data, here are the total motorcycle sales by major manufacturers in the United States for 2024:
Honda: As of December 2024, Honda held the largest share of the U.S. motorcycle market, marginally outpacing Harley-Davidson.4
Harley-Davidson: The company reported a 7% decline in retail unit sales in 2024.3
BMW: BMW was the standout with record unit sales, although specific numbers are not provided.3
Yamaha,*Kawasaki, and*Suzuki: Together, these brands constitute around 30% of the U.S. motorcycle market.4
The exact sales figures for each brand are not provided in the context, but Honda and Yamaha, Kawasaki, and Suzuki together make up nearly half of the U.S. motorcycle market. Harley-Davidson's sales declined by 7% in 2024, while BMW saw record unit sales.
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05-12-25 09:22 #18156
Posts: 6975Donnie Two Dolls' tariff stance collapses like a house of cards
But but but Donnie Two Dolls is stealing all those Billions and Billions and Billions of dollars China was going to give us to pay for everything we want and need like Childcare because Childcare is Childcare and groceries, god I'm glad Trump invented that word, and make all Americans rich from those Trump Tariffs!
He denies America those Billions and Billions and Billions of free money from other countries every time he buckles and caves on 1 Tariff percentage point!
USA And China agree to slash tariffs for 90 days in major trade breakthrough.
https://www.cnbc.com/2025/05/12/us-a...ndroidappshare
The U.S. and China on Monday agreed to suspend most tariffs on each others goods in a move that shows a thawing of trade tensions between the worlds two largest economies.
The deal means reciprocal tariffs between both countries will be cut from 125% to 10%. The U.S.′ 20% duties on Chinese imports relating to fentanyl will remain in place, meaning total tariffs on China stand at 30%.
We had very productive talks and I believe that the venue, here in Lake Geneva, added great equanimity to what was a very positive process, U.S. Treasury Secretary Scott Bessent said in a news conference.
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05-12-25 08:51 #18155
Posts: 6975Originally Posted by MarquisdeSade1 [View Original Post]
Nor has he ever met a Democratic Party leader pushing to "Defund the Police". Certainly not the way Repubs have tried to do that over and over again.
Bill Maher is a typically pro Repub "bothsider" MSM pundit happy to serve as a Public Relations tool for Trump and any other Repub if doing so will help Repubs win elections.
He has been that way at least since he was more responsible than any other pundit with a weekly GOP Election Rally tv show for getting the 2nd Worst President in USA History elected, GW Bush, back in 2000. His cuddly and lovable dinner date Donald J. Trump being The Worst.
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05-12-25 08:30 #18154
Posts: 24734Good a new US / Peruvian pope, when the devil is in USA. We will see if pope is really efficient to fight orange devil who wants to degrade our world with USA low quality.
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05-11-25 23:39 #18153
Posts: 3361The GOP is very luck to have such a Stoopid opponent
Originally Posted by EihTooms [View Original Post]
As the aphorism goes "when you're in a hole stop digging" lolololol.
Ie, ET and Spidy just don't have a fucking clue.
Allahu Akbar.
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05-11-25 19:31 #18152
Posts: 6975Trump is scrambling to return to what Obama negotiated but he stupidly abandoned
The dumbest human to ever be allowed to sit at the desk in the Oval Office, Donald J. Trump, is scrambling in all directions in a desperate attempt to at least get back to where Obama had gotten with Iran's nuclear status before he, Donald J. Trump, stupidly abandoned it. And all while a War between two nuclear powers, India and Pakistan, escalates to a degree that "never wouda' happened on Obama's watch or Biden's watch or Hillary's watch."
Iran, US conclude 4th round of talks over Tehran's nuclear program.
https://www.cnbc.com/2025/05/11/iran...ndroidappshare
Trump has repeatedly threatened to unleash airstrikes targeting Irans program if a deal isnt reached. Iranian officials increasingly warn that they could pursue a nuclear weapon with their stockpile of uranium enriched to near weapons-grade levels. Meanwhile, Israel has threatened to strike Irans nuclear facilities on their own if it feels threatened, further complicating tensions in the Mideast already spiked by the Israel-Hamas war in the Gaza Strip.
............
Irans 2015 nuclear deal with world powers capped Tehrans enrichment at 3.67% and reduced its uranium stockpile to 300 kilograms (661 pounds). That level is enough for nuclear power plants, but far below weapons-grade levels of 90%.
Since the nuclear deals collapse in 2018 with Trumps unilateral withdrawal of the U.S. from the accord, Iran has abandoned all limits on its program and enriched uranium to up to 60% purity a short, technical step from weapons-grade levels. There have also been a series of attacks at sea and on land in recent years, stemming from the tensions even before the Israel-Hamas war began.
What will be the order of Trump's most likely achievements?
A Great Repub Recession / Depression first?
Trump's Pandemic Part 2 coming in a close second?
Wrapping it all up with an all-out 3 or 4-way Nuclear Holocaust War?
All of the above at the same time, a 3-way heat?
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05-11-25 19:03 #18151
Posts: 584Originally Posted by SubCmdr [View Original Post]
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05-11-25 17:53 #18150
Posts: 584Originally Posted by SubCmdr [View Original Post]
If I was to get a city bike, Kawasaki H2 and Honda cb1000 r are bullet proof and have power for days. I am too old for sport bikes, well almost. The Suzuki Katana looks sick as well. If I was to go for best bang for your buck jap cruiser, Rebel 1100 T is a great deal and again Honda reliability. It will out last you. Personally I would risk a Chinese bike, but that is your choice. I am not the expert but have driven a lot of bikes, just my two cents.
I been riding 2019 Fatbob, fucking love that bike. Had a Kawasaki and Honda before that.
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05-11-25 12:51 #18149
Posts: 5973Mr. Food on a Bun does not understand the Dis-United States of America
He thinks that race matter. It does not. What matters is the socio-economic differences in the Dis-United States of America.
Read this slowly Mr. Food on a Bun:
Originally Posted by Elvis2008 [View Original Post]
Who are the one percent?
The term "1 percent" typically refers to the wealthiest 1% of individuals or households, as measured by annual income or net worth. Here are some key points about who makes up this elite group:
Income Threshold: To be in the top 1% in the United States, you need to earn at least $787,712 annually as of 2024.
This threshold varies by state, with higher requirements in states like Connecticut ($1,152,254) and California ($1,035,673), and lower requirements in states like Georgia ($700,544) and Texas ($762,090).
Net Worth: To be in the top 1% by net worth, a household would need to have a minimum of $13.7 million.
Occupations and Industries: The top 1% disproportionately includes:
Medical Professionals: Physicians and dentists often fall into this category due to their specialized, in-demand skills.
Business Owners: Small and medium-sized business owners, particularly those in S corporations, partnerships, and limited liability companies, are common. Industries such as professional and technical services, specialty trade contractors, and legal services are particularly represented.
Executives and Managers: High-level executives and managers in various industries, including finance, technology, and sales, often earn top incomes.
Financial Specialists and Accountants: These professionals often have specialized skills that command high salaries.
Wealth Distribution: The top 1% holds a significant portion of the nation's wealth. As of the third quarter of 2024, they controlled $49.2 trillion, or 30.8% of the total wealth in the U.S..
Global Perspective: In a global context, earning $60,000 as a single person with no children can place you in the global elite.
However, the threshold for the top 1% varies by country, with higher thresholds in countries like Monaco ($12.9 million), Luxembourg ($10.8 million), and Switzerland ($8.5 million).
Historical Context: The term "1 percent" gained prominence during the Occupy Wall Street movement in 2011, but the concept of an elite class has existed for much longer. Historically, terms like the "Upper Ten Thousand" and the "Four Hundred" were used to describe the wealthiest and most influential individuals in New York City.
These individuals and households are characterized by their high incomes, significant net worth, and often specialized skills or business ownership, which contribute to their financial success.
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05-11-25 11:22 #18148
Posts: 5973Food on a Bun bought a phone; But it wasn't a good one!
Subcmdr spoke about phones - I also had a Huawei phone- best phone I ever had, hands down better than Crapple and waay cheaper.
Subcmdr buys a iPhone to replace his Huawei
As soon as I got the chance, I actually booked a flight to SDQ to FLL and purchased a iphone 15 ProMax 512 GB for 1000 USD flat. Then I flew back to SDQ. I paid for a taxis, my plane ticket, breakfast and lunch and still had money left over. Not hotel needed. Left on the first flight out of SDQ. Returned on the last flight back to SDQ. Day trip. I did not want to spend one single minute more in the Dis-United States of America than I needed to. Fist pump on wheels up. Two arms up in the touchdown sign on wheels down. My fellow passengers looked me like I was crazy.
The Dis-United States is fucked up (in so many ways) and expensive as fuck. But you can buy some shit up in that *****. No taxi in the Dominican Republic needed. I had one of my employees drive me to and pick me up from the airport. Best phone I have ever owned. Still use it to this day. Cannot hold a candle to a Huawei. When you have low standards you are satisfied with whatever you can get.
Republican morons and their ideological guests spew a lot of male bovine excrement from their keyboards when they post. I have to don a Haz-Mat suit before I start to read this thread. Unfortunately there is no removal proceedings that can be implemented against them. So, I am forced to be like Warren G and Nate Dog: Yes I regulate!
15 in the mag and one in the hole
2nd Amendment
A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.
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05-11-25 07:54 #18147
Posts: 4289Originally Posted by EihTooms [View Original Post]
"After a long night of talks mediated by the United States, I am pleased to announce that India and Pakistan have agreed to a FULL AND IMMEDIATE CEASEFIRE," Trump said.
The president continued, "Congratulations to both Countries on using Common Sense and Great Intelligence. Thank you for your attention to this matter!
The Guardian provided more color on Rubio's diplomatic mission:
Rubio has been engaged in back-and-forth diplomacy between the two countries in recent days, calling for de-escalation as India and Pakistan have been engaged in daily clashes since Wednesday.
The US's top diplomat "continued to urge both parties to find ways to de-escalate and offered US assistance in starting constructive talks to avoid future conflicts," state department spokesperson Tammy Bruce said in a statement on Saturday.
End of link.
Wow, this is pretty impressive. Way to go Trump and Mario Rubio!
But then:
A Democrat judge just signed an order directing Pakistan and India to resume fighting.
So typical!
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05-11-25 04:08 #18146
Posts: 5973If you are not a citizen, then your are a guest in the country you are visiting!
Perment Resident
Another important limitation on lawful permanent residents is that they are subject to the grounds of deportability. If you commit certain crimes or security violations, or even fail to advise USCIS of your changes of address, you can be placed in removal proceedings and deported from the United StatesColumbia University graduate and pro-Palestinian activist Mahmoud Khalil was detained by immigration authorities who said he could be deported and cited a Cold War-era law. Under that law, the secretary of state can make a noncitizen subject to deportation if their presence or activities could threaten U.S. foreign policy interests.
I will keep repeating it until individuals understand it. If you are not a citizen of the United States of America and did not grow up with a lifetime knowledge of the Constitution of the the United States of America I understand why you don't understand. I will continue to provide instruction and correction of those who refuse to see what is written in black and white in the law.
I know the immigration law in the counties I visit. I have attorneys in each one where I am a visitor. I have no immigration problems in my country of origin. I cannot be deported.