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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (125142)	11/17/2010 12:51:20 PM
From: Knighty Tin	1 Recommendation Read Replies (1) \| Respond to of 132070

Many don't realize it, but Berkshire Hathaway was probably bailed out, too, though indirectly. We all know they owned some derivatives, but the big risk was what was owned by their customers and clients. Nearly all of the cos in trouble had dealings with General Re. Even if it was just overnight repos, no court case has ever tested who owns the collateral if the borrower goes belly up. It is assumed that the lender could keep the collateral in a default, but it sure isn't 100% certain. And everyone is the world bought Lehman overnight repos.

To: Pogeu Mahone who wrote (125142)	11/18/2010 11:00:38 AM
From: Knighty Tin	5 Recommendations Read Replies (4) \| Respond to of 132070

Why America is screwed. There is plenty of reason why both Democrats and Republicans dislike the Teabaggers. The Democrats hate the violence, racism and the lying the Bagger candidates engaged in. The GOP hated the fact that crazy Teabag candidates kept them from taking the Senate when normal Republicans would have won in Nevada, Colorado, Connecticut and Delaware and the GOP Senator-Elect from Alaska may be looking for payback from her colleagues who abandoned her. But none of that bothered the average lotus eating Americans. But let the Teabaggers rig "Dancing With The Stars" in favor of clodhopper Bristol Palin and America is up in arms. The future of the nation, of civil rights, of the economy, of the Middle Class and the threat of becoming a third world country under Teabagger policies couldn't raise the hackles on the braindead American voter. But a perfectly legal campaign to win a flapdoodle contest for an unwed mother preaching abstinence gets Americans mad as Hell. It reminds me when I went to a Holy Roller tent service on a Sunday and one of the parishoners asked that we pray for a Soap Opera character who was in the hospital. Not the actor, mind you, but the character on the show. Are we really that stupid? Does the last little piggie really yell "whee, whee" all the way home?