Stress...Barry Franks regulates the entire banking industry yes? The site you gave has 20 pages of parties talking about individual with mortage problems and various kinds of bank loans.
Barry Franks revaluation effected the value held in the bank's books....it cost banks billions, Stress.
Most consider home now under valued greatly. We have house here locally.....2006 were at $360K now selling at $170K.
Barry Franks took billions in people home equity away from them, caused a financial crisis in the country in a election year, helped to cause fore closurer by banks and sent the country into a depression/recession.
What these parties are discussing are individual mortage issues and bad buys...bad loans made. Banks have a 'risk factor' placed into their business model for failed loans. So on a average year these kinds of mortage failures are covered and the bank profits.
But not when their entire protofolio of properties is reappraised in value can they profit. That is what Franks did.
April of 08. Barry Franks and the house committee on finance that he leads....calls for a new 'conduct in the appraisals' of properties.
May of 08. Banks and appraiser begin to revalue their mortages and reassess property value. This reappraisal decreases the income side of the banks balance sheet by billions. Starts to send them into bankruptcy.
Early Sept of 08. Barry Frank in a luncheon with the Boston Chamber of Commerce (his home district)...he proceeds to say to them (near quotes) 1) we need to consider new assets in the banking industry (banks have most of their assets in property mortage) 2) we are having a banking crisis (the financial crisis did not happen till later in fall) 3) we need to reconsider valuations methods of properties
This was done to warn his backers in Boston that a banking crisis was coming.
If you want a site to his statements.....they are recorded on a .gov site for the house banking committee....I think. Been a while since I went thru it.
Did I miss anything, Stress? Those are the facts, timeline and Franks statements...I am not putting anything into them.....Franks predicted the worse economic crisis the country has had since the 1932 depression...but he also forced it by his re-regulation of property appraisials....so was a pretty easy prediction to make.
Several banks 1 st quarters are all positive under Obama watch.
If you read my posts on how the banks were forced by Barry Franks to re appraise property values in the summer of 08, prior to the election, Stress.....you would know why the banks had a financial crisis in the fall.
When did a corp pillage you Stress?........LOL............ I will have to get out my Atilla the Hun movie to find out how good corp pillaging is done......LOL
That Duh effected one local economy in a pretty negative way, Stress.Was not the tax payer dime by the way. Was the corporation dime.
The Corp types after the auto industry got burned on the Washington DC flyin to get bailout money......started to cut back corporate flight operations....not wishing to get the negative publicity.
They don't the negative PR....and Las Vegas turns into the city without conventions and high rollers.....all because? Flying is bad for the economy, according to President Obama as his Air Force 1 does a $380,000 photo shot over NY?
You all need to check where the 500ton of Saddam Hussien yellow cake went to....and.....what type of nuclear isotope it turns into prior to saying nuclear is a primitive energy production method.
Making nuclear isotopes via this technology has been changed in the last four years.
They have pics on the isotope pellets be held by finger tips with out gloves or shielding.
I think that we are soon coming to a nuclear reactor that cannot go critical mass......e.g. Jane Fonda's China Syndrome.....
CA is at the polls where on the ballot is number ways to raise some $40b for the state. CA is the number 7th economic power in the world. But is major financial problems at present.
Gov S...is in Washinton....not seeking FED bailout money (cough, cough, cough) and the CA congress men are saying the same (cough, cough, cough).
But if this proposal fail to pass in CA...one can expect large scale layoffs thru out CA. Edcuators, fire, police, and state workers....hitting the unemployed.
For President Obama...whose number is now 5m new jobs for his stimulus package to considered successful.....major unemployment coming from CA cannot be a help. Major unemployment in CA....could easily add another 500,000 to that figure.
CA voter turn out was light....that favors a conservative outcome....and conservative are against the tax increases in the state....my guess....Gov.S begins layoffs on his return the state.
It might be cruel and inhuman punishment to house them with Dude.....I had not thought of that legal issue......better call the American Civil Liberties for a opinion.....:-)
President Obama said we need to cut back on Corporate aviation travel (e.g. corporate aircraft).
Anyways...Las Vegas...home district of Harry Reid....use to get a number of high rollers that would come to the city gamble. They would fly in via corporate aircraft. Same for its frequent business convention that arrive via corporate aircraft.
Since President Obama made his announcement on corproate aircraft....Las Vegas has lost 400 business conventions and its high roller flights have been decreasing.....causing a economic problem in the city driven by the dice, the card deck and the one armed bandit.
Gov of Neveda ask to meet with President Obama to discuss this issue.....did not get to first base....or is that get hand of cards to play with.....President Obama now busy with real eocnomic issues.....the auto industry failures, the stimulus packages for banks, the house crisis....did not meet with him.
ACORN whistle blowers are coming out in numbers. They are beginning to ask for Congressional investigation into the organization.
Anyone put together the dots on the 10,000 stimulus checks to deceased parties and the mortuary that ACORN uses as a headquarters yet? Deathes notices are often listed in Mortuary newsletters....by taking the names off these newsletters...ACORN at the mortuary was able to compile a list of 10,000 deceased to make application for their Stimulus checks.....is my guess at this point.
But do to this......
ACRORN needs a lot of pull in DC. Hence Congressmen are being caught in the middle....investigate ACORN and expose themselves or sit there and protect ACORN.
There are some 230...some are saying 270 false businesses in the mortuary that homes ACORN. These in white collar crimes, are called drop box operations.....all they are is a drop box at a local post office....that would receive the stimulus check after a change of address of the deceased is applied for at the Post Office.
Where do you get the man power for such a white collar crime that covers the entire country? ACORN
Senator Harry Reid....cannot be President Obama most favorite Senator right now. Even though President Obama is going to do a fund raiser for him soon.
Senator Reid announced that the Senate DEMs want a complete plan to the closing of GITMO prior to any funding. Meaning that Presdient Obama that has this issue sitting on his desk.....for.....the election....the transition.....the first 100 days is still scratching his head.
With none of thier home countries willing to take the 245 back, none of the States willing to take them, and now the FED Prison system out.......sounds like GITMO might be with us for a time.
I have idea!!
Dude do you have spare room in your house there in Denmark? Come on Dude, take a little heat off President Obama. Offer it up to a harden terrorist or two........
When a older person hears two younger men talking about the generation gap......they most often stop to think several things...
one.....youth is most often waisted on the young
two.....the youth of today will be the aged of tomorrow
both of which give us great calm.:-)
The old establishment.....not sure if in my 58 years here in the US...I ran into it.....maybe bumped into it a few times. But every organization or group of people have customs, rules and regulations that they try to adhere to. It is called civilization and rule of law, Stress.
Right now, in President Obama restructuring (e.g. change) of the US gov't and new his regulations....know how many insider trader violation by Gov't officials have been caught in the last 100 days?
at least 3- The Head of the FED, 2 SEC regulators...so far....with plenty more a coming.
The point here is.....Obama's policies are making corruption in our country very possible. They were almost set up to make corruption occur in the banking stimulus packages.
By selecting a European government/business model to restructure after...where corruption is a very common practice.....President Obama failed to learn from the best of the our country new business practices and instituted the worse of old European practices.
Like you said, Stress....even the young can learn from older.
You know Stress, you personally are a pretty unique example of America demographics. When you started out playing baseball....you were likely in the little leagues with some 200,000 other American youths. Each one of those had the dream to make to the Majors.
You made it to triple A ball. One step away from the Majors. If I am doing my old fashion slide rule right...less that 1000 ball players are in triple A in a ears time. So you went from being 1 in 200,000 to 1 in > 1000.
Want to know the odds of any one of those 200,000 playing to the triple A level is? 1 in 200 or less than.5% (consider that at triple A many are from foreign countries) is what my slide rule kicks out.
To get there, you have to have very good American coaching, spent hours in the batting cages, likely played on some the best groomed baseball fields in the country. Then when you made pro....it was a club owner that saw your potential as a player that signed you to a contract.
That old American club owner took a big business risk even to own that ball club that employed you. Those well groomed ball parks were cut and lined by old American men, just wanting to see young men playing the game. Those old American coaches that taught you the game, they just wanted to a young man play it little better than they did at one time. Those old American batting cage attendants kept the cages open an extra hour or so....for you to get a few extra swings in.
Don't get me wrong, Stress....you put a lot of hard work into your career to get it where it went. But you did not get there alone....a lot of old American men...helped you along the path.
Biden came to Central Florida....was asked by a local TV reporter if he and Obama wanted to socialize the country. He walked out on the question and soon the Obama campaign refused to conduct interviews with them.
Cheney has effected millions with his positions on the war of terror and getting legislation passed on it. Biden is effecting millions by dodging questions.
jmo....I think that Biden wants to be taken serious in this role as VP. Only he has some 30 years of gaffs in the Senate. He and his staff are a little reactionary at present.
Consider if someone at the diner party has a microphone and was taping Biden's bunker comment.....today Biden's PR man comes up with the "he was talking about the upstairs room that Cheney and aids worked in." It just got worse when the tape is used to prove the comment in the media.
Does he literally want to destroy the US? No. But he does want to change it dramatically and that will effect the lives of millions.
Dude could be a writer for Biden. Really......think about it. Dude sit there in Denmark....comes to CS.......see what is the major issues of the day....sends a Biden a note.....that shows up on the unclassified black berry that Biden is not suppose to have.... Biden in turn....misreads the message (it is not on a teleprompter).
Dude's message was....Cheney is eating you guys a live on the net and in the media. Cheney needs to be buried in the bunker.
Biden in turns tell the diner group....we have a bunker in the backyard of the VP residence. Which becomes the national security leak of the hour.
The NYTimes just asked to have the GITMO torture pics released. Certainly such would hurt US military personel that are in harm way for the country. President Obama so far has stood firm to keeping them classified.
Also this....
Linda Moncrief, center of the Obama/NYTime/ACORN controversy..said that the NYTimes has a second donar list that was not given to the FCC by the Obama campaign.
The second donar list seems to be compiled by ACORN for Obama. Thus proving a strong connection between ACORN (a organization that was saying it was without party affliation).
Linda Moncrief is a DEM and a Obama supporter.
The NY Times failed to write a researched piece showing the connection between Obama and ACORN prior to the Nov. election. Today after a internal review......the NYTimes ombudsman (a Mr. Hoyt)that did the review....said it was O'Reilly (of FOXX) that twisted a recorded phone conversation between Moncrief and a NYTime reporter.
Glad there is no bias in the US media to the left and the DEMs.
There may be a violation of campaign donation laws in all this. Having a second donation list is frowned on the by the FED Gov't.
I think that you can all the solar panels in the world on a roof of school. But if the classroom is not improved with better teachers, better course material, better testing, and better student attitudes......you have not really improved the school.
A Kw of energy.....that comes from a clean coal or from a near emission less generator or from a nuclear reactor......is a Kw of energy.....just the same as a Kw that comes from a solar cell system.
President Clinton had a $3b dollar solar cell energy project in Neveda. So this has been around for a while.
Please tell us how a Obama speech to the IL State Senate is relevant to his 2002 position on Iraq? If you understand our multi layers of gov't....not likely that Obama talked of the Iraq war in the IL State Senate. He might have since IL National Guard units are there.....but still....better forums to lay out a position on the Iraq war...like a anti war rally in Chicago
LOL....Dude is a the Dane that likes American fast food in his netting......ask him to do any work at all......and it is not going to get done.......
Here is the point on the quotes. Obama does this a lot by the way.
On one hand he tells everyone, Saddam should be removed from power as being a bad guy, in the first paragragh. Then in the very next he says, that should happen in time with a international coalition.
In 2002 Saddam was in his mid 65 with two sons (in thier 30s) to inherit the country, with what President Obama wanted was another 3-6 generations of Iraqi to live under Hussien family and Bathe' party rule.
When you listen to a politicing Obama, on his key positions.....he does this alot. He takes the extreme positions. Places them together. Then as a listner...... with your views...you can hear (or read) your preferred positions into him.
It is very smart politicing, I have to admit.
But now he is in office. It changes. He has to make defined positions and policy statements. Without a such wide range of options. Now in the office, with the intell briefings of the transtion, he moving more to the centralist positions on the terror conflict and two wars.
Some media in Washington are saying that he is confirming and verifying many of the GWB positions on the war of terror now.
Examples;
The change on GITMO military trials Keeping some 50,000 in Iraq The stretched Iraq withdrawal date The continued Predator strikes into Pakistan Homeland Security Programs The Patriot Act Continued NSA foreign wire taps
He will not, nor will DEMs... admit it...they were all first done by GWB. But keeping them around does confirm and verify GWB positions here.
ttom500 Forum Posts (10,523)
RE: Obama Rocks! Can America afford to doubt his new president in the time of trouble?
Stress...Barry Franks regulates the entire banking industry yes?The site you gave has 20 pages of parties talking about individual
with mortage problems and various kinds of bank loans.
Barry Franks revaluation effected the value held in the bank's books....it cost banks billions, Stress.
Most consider home now under valued greatly. We have house here locally.....2006 were at $360K now selling at $170K.
Barry Franks took billions in people home equity away from them,
caused a financial crisis in the country in a election year,
helped to cause fore closurer by banks and sent the country into a depression/recession.
What these parties are discussing are individual mortage issues and bad buys...bad loans made. Banks have a 'risk factor' placed into their business model for failed loans. So on a average year these kinds of mortage failures are covered and the bank profits.
But not when their entire protofolio of properties is reappraised in value can they profit. That is what Franks did.