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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (102897)	10/7/2011 3:45:59 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

OWS: Another Political View market-ticker.org You know what the "Occupy Wall Street" movement is? It is all the things that were in the original Tea Party, but were steadily ignored as the TP became a Republican booster club. The Tea Party is a contradiction. They want a balanced budget, but they also want the US military to intervene everywhere. Obamacare is a dirty word, but don’t dare touch social security or medicare. Individual rights are important too, but don't push it too far. After all, republicans came up with today's policies. There are a few nuts in the OWS crowd, but from what I hear "Occupy Wall Street" is about bringing the fraudsters to justice. Its about changing the banker/government dynamic that runs this country. It's about free markets. It's about ending endless debt. It's about stopping the wars. It's about the rule of law. It's about the libertarian soul of America. Since the TP lost the focus of addressing the root problems of America, they remain unresolved. It’s sad, really. The TP talks about sewer legislation, redistricting, and supporting House Speaker Boehner's plan to add $2 trillion in debt, while the real issue is Congress has spent more than it takes in, and the costs of the promises outweigh the means to pay them. In the process, you and I are less free than we used to be. There was no place left for folks to go. It's up to the Libertarians to let them know there is a place for them with us. Pete Blome Chair, Libertarian Party of Okaloosa County

To: RetiredNow who wrote (102897)	10/8/2011 8:16:27 PM
From: tejek	Read Replies (2) \| Respond to of 149317

Mindmeld, this is the keynote speaker at the convention that just elected Ron Paul their number one primary choice: gawker.com If this is who you, then you are not the person I thought you were.

To: RetiredNow who wrote (102897)	10/8/2011 8:22:41 PM
From: tejek	Read Replies (2) \| Respond to of 149317

If Geithner and Bernanke weren't who they are, we would have lost significant portions of our banking system. We needed to lost significant portions of our banking system. In fact, those walking dead zombies are now a major drag on our economy and their bad debts from their bad decision making and management has now been put onto the back of 99% of Americans, through our government's bailout of them. It's no part of US debt. If the free markets had wiped them out, we would have already reset the economy for long term growth and prosperity. Instead, we are mired in disaster, heading towards another recession, and none of the problems of 2008 have been resolved. Instead, the problems are even bigger now. Many banks were wiped out........and that continues. However, the remaining banks are not a drag on the economy because of their debts; they are a drag because they are afraid to lend. They have swung back the other way and have all adopted conservative lending practices. I tried to refi two years ago and couldn't......even with a 750 credit rating and 200K worth of equity in my house. Only recently was I able to get the refi through. Geithner, whom you seem to like to disparage, is the one who set up the bank tests to determine if a bank had sufficient capital to cover its debts. When they did not, they raised capital by issuing new stock. Every major bank did a capital raise; and many small ones did as well. That's why the American banking industry is not in the same mess as the EU banks. Meanwhile its three years later, the vast majority of American banks are solvent and stabilized while Europe still struggles. Your statement is simply NOT true. Most of the top 10 Wall Street banks are INSOLVENT. They have toxic assets on their books that are worth half the value they are reporting on their financial statements. If you were to mark to market the assets of Bank of America, for example, that bank would be insolvent. Zero Hedge posted an article where a CPA went through BoA's balance sheet and did just that. It resulted in BoA being valued at MINUS $80B, meaning they needed to be recapitalized or seized and dismantled. You are buying the lies. Suspension of mark to market has resulted in mark to fantasy. American banks are insolvent and the Fed has been recapitalizing them by stealing money from you and I and the other 99% of Americans. Open your eyes! No, you open you eyes, and stop drinking the Ron Paul koolaid. Most American banks are very solvent.