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banned from Kos

(4,017 posts)

50. ok - the nine big banks repaid TARP (Pro Publica) so the big holdouts are the GSEs.

Mon Jan 2, 2012, 10:03 PM

Jan 2012

But your final paragraph is finally getting somewhere..

You propose government seizes over $6 trillion in assets from pension funds, insurance companies, mutual funds and retirees? That is what you are doing. (Bank of America has a $800 billion in equity and debt - then multiply by the other TBTFs).

Do you know how impossible that is? That would destroy the Democratic Party. THAT is why no Democrat seriously considered nationalizing the big banks.

And all this is done to write down loans? It surely would not create jobs - it would destroy millions of them without producing anything other than positive home equity for millions that would have to be allocated in some unfathomable way.

Impossible.

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What makes Barack Obama such a great President? [View all] kentuck Jan 2012 OP

Start with your first paragraph ... and then add ... JoePhilly Jan 2012 #1

Plus this: FarLeftFist Jan 2012 #2

His connections to the banking industry. (nt) (nr) T S Justly Jan 2012 #3

what? he has an ATM card? Whisp Jan 2012 #8

Even worse.... Ikonoklast Jan 2012 #11

he lost interest in us a long time ago. he will withdraw to the elitist life Whisp Jan 2012 #16

Well, he was born into The Royal House of Kenya, yanno. Fact. Ikonoklast Jan 2012 #18

yah, I heard about that. He named one Whisp Jan 2012 #22

We'll see if he's great. For now he's just REALLY GOOD. FarLeftFist Jan 2012 #4

+100. Well said! n/t Tx4obama Jan 2012 #31

The average person is worse off. girl gone mad Jan 2012 #5

You are badly misinformed. MjolnirTime Jan 2012 #6

Bank of America still exists. Some people find that difficult to accept. n/t banned from Kos Jan 2012 #9

That wasn't very convincing. Union Scribe Jan 2012 #10

I guess I could have just said "You're full of shit" but I wanted to be polite. MjolnirTime Jan 2012 #40

LOL!!!!! Number23 Jan 2012 #57

Badly misinformed... full of shit... neither statement is very intelligent or profound. n/t cherokeeprogressive Jan 2012 #62

Please show the timeline for economies recovering from a banking calamity. Ikonoklast Jan 2012 #12

you no doubt know this but to really destroy capitalism you have to start with the financial sector banned from Kos Jan 2012 #15

There is little will to 'destroy capitalism' in this country. Next to none. Ikonoklast Jan 2012 #23

The only real path to reform is the destruction of capitalism. eom tledford Jan 2012 #27

Please describe how 'reform' springs from that disaster. Ikonoklast Jan 2012 #36

Maybe that's because "destroying Capitalism" would be extremely stupid. johnaries Jan 2012 #34

Guess what. Capitalism destroyed itself, in 2008, and was rescued. It will destroy itself again. JackRiddler Jan 2012 #59

I find this type of revisionism to be kind of funny. girl gone mad Jan 2012 #30

here is what actually happened: banned from Kos Jan 2012 #35

More revisionism. girl gone mad Jan 2012 #44

ok - the nine big banks repaid TARP (Pro Publica) so the big holdouts are the GSEs. banned from Kos Jan 2012 #50

The government would have needed to seize nothing, just watch the banksters file for bankruptcy... JackRiddler Jan 2012 #58

Your post is completely inacurrate. girl gone mad Jan 2012 #66

Krugman and Stiglitz don't have to deal with any political consequences. banned from Kos Jan 2012 #67

Sad that you can only post lies and hyperbole. girl gone mad Jan 2012 #68

Interesting. I don't disagree. However, johnaries Jan 2012 #38

say your house is on fire Whisp Jan 2012 #17

suppose the fire chief, instead of putting out the fire hfojvt Jan 2012 #28

you say Obama is 9/10s responsible? Where is little Georgie in your fantasy? Whisp Jan 2012 #32

Oh enough of this fixation on personalities from middle management. JackRiddler Jan 2012 #60

Try this analogy instead: girl gone mad Jan 2012 #37

Fine analogy, except that the treasurer in this instance is the one defunding the chief. joshcryer Jan 2012 #48

The chief does in fact have unlimited coffers. girl gone mad Jan 2012 #52

Yet the town founding papers say that no new spending can be done except through the elected... joshcryer Jan 2012 #54

That didn't happen for a couple of years.. girl gone mad Jan 2012 #55

...it was the case all along except for 49 days. joshcryer Jan 2012 #56

The average person doesn't blame this President for that. FarLeftFist Jan 2012 #53

They shouldn't, actually. They should camp out at Wall Street. JackRiddler Jan 2012 #61

Quite. PETRUS Jan 2012 #63

Alcohol motely36 Jan 2012 #7

LOL! (nt) (DUzzy) T S Justly Jan 2012 #13

AHA! So he's a two at ten, and a ten at two! cherokeeprogressive Jan 2012 #64

to some the cup isn't 7/8ths full, it is 1/8th empty Motown_Johnny Jan 2012 #14

"including the largest tax cut ever" hfojvt Jan 2012 #24

Progressive taxes are a victory, Regressive tax policies are a failure Motown_Johnny Jan 2012 #41

Here's a bunch more ... Tx4obama Jan 2012 #33

IMV Demeter Jan 2012 #19

lots and lots of faith hfojvt Jan 2012 #20

because he gets alot done... dennis4868 Jan 2012 #21

I think you said it already: "He has not been a partisan leader" nt johnaries Jan 2012 #25

Health Care Reform, the formation of a Consumer Protection Bureau, helping homeowners mzmolly Jan 2012 #26

Your first paragraph covers much of it bhikkhu Jan 2012 #29

He brings the Democratic and Republican Parties closer together Stoic Jan 2012 #39

Well stated, Stoic. Octafish Jan 2012 #42

What makes him a great President you ask madokie Jan 2012 #43

Eight Years of Bush Jr. Octafish Jan 2012 #45

+1, buteven with that advantage, Karmadillo Jan 2012 #65

Running on "Bush's policies are fucked" & then continuing those policies isn't "great" Warren DeMontague Jan 2012 #46

Not some of his supporters, that's for sure. nt boston bean Jan 2012 #47

You know what? sandyd921 Jan 2012 #49

Everyone gets a trophy toddaa Jan 2012 #51