General Discussion

BodieTown

(147 posts)

74. Quantitative Easing

Thu Mar 13, 2014, 02:20 PM

Mar 2014

People so soon forget:

QE is very, very good for banks and Wall Street.

It's the stimulus that keeps on giving...to the one-percent.

Throughout 2013, QE was full-steam-ahead. Since 2008, I believe.

Basically interest-free money for banksters. Banksters invest in Wall Street. Wall Street richly rewards its CEOs and hedge-fund managers.

Taxpayer-subsidized money (socialized loss) equals handsome bonuses for Wall Streeters (privatized profit).

That's how it works, like it or not.

Janet Yellen, the Fed Chair, appointed by the Executive branch of government. You really think she doesn't reflect the President's preferences?

The Dow is has been past 16000 again, based on historically low volume. That's the big boys at play with the little peoples' money.

To suggest that banksters/Wall-Streeters do not benefit from Obama's decisions is remarkably naive.

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The Obama Administration Has Been Very, Very Good To Banksters And Wall Streetians [View all] cali Mar 2014 OP

I just came from a thread in which a poster was discussing "returns" on the NYSE since 2008... Romulox Mar 2014 #1

I know I read that and thought, "LOL wut?" nt laundry_queen Mar 2014 #116

President Obama ProSense Mar 2014 #2

zoom. it's a bird, it's a plane, it's super Pro. cali Mar 2014 #6

"the ProDefender." What are you 5 years old? n/t ProSense Mar 2014 #9

lol. you're one to talk, Pro. cali Mar 2014 #10

Wall Street profits dropped 30 percent last year ProSense Mar 2014 #12

Interesting that bonuses are also rising. n/t cprise Mar 2014 #33

It requires some thinking. n/t ProSense Mar 2014 #39

Faster than a Speeding Bullet. bahrbearian Mar 2014 #23

What's funny is LordGlenconner Mar 2014 #25

Astounding, no? A MINIMUM of three anti-Obama posts per day and she ... 11 Bravo Mar 2014 #35

What's "astounding" is how many jump in to blame Obama for Wall Street bonuses. ProSense Mar 2014 #37

Exactly! And when it's pointed out to them that he had NOTHING to do ... 11 Bravo Mar 2014 #40

It's utterly absurd Cali_Democrat Mar 2014 #50

I'll take Ignorant for $500, Alex. n/t Whisp Mar 2014 #105

Hateful ignorance causes crap to flow out of slavering mouths...J.P. Riley lumpy Mar 2014 #111

my kitchen sink got blocked today. Thanks, Obama! Whisp Mar 2014 #104

You didn't just win this thread. You won the WHOLE DAMN web site Number23 Mar 2014 #110

... warrprayer Mar 2014 #129

Bush and Obama are to blame for a situation out of which Wall Street was given the message JDPriestly Mar 2014 #75

No, ProSense Mar 2014 #80

What does that have to do with the fact that the Wall Street labor/employment contract JDPriestly Mar 2014 #81

What? The OP has nothing to do with ProSense Mar 2014 #82

Should we start a poll to rename PowerToThePeople Mar 2014 #3

if that's what you want to do, my dear, go for it. cali Mar 2014 #4

I don't need a meta thread PowerToThePeople Mar 2014 #7

Well, because they've been working 10000% harder than you people jsr Mar 2014 #5

In delusional aternate historyland, President Obama has battled cali Mar 2014 #8

The game is actually played in a multidimensional universe jsr Mar 2014 #11

... Fumesucker Mar 2014 #13

Now Obama controls private sector bonuses? Sheesh. JaneyVee Mar 2014 #14

No, I wanted DoJ prosecutins and I don't like the number of cali Mar 2014 #15

So now you're denying that the OP blames Obama for Wall Street bonuses? n/t ProSense Mar 2014 #16

I'm saying that the administration bears some of the responsibility cali Mar 2014 #17

Nonsense. You don't want him credited for the drop in profits, only the bonuses. n/t ProSense Mar 2014 #19

"Drop in profits" means outsiders get shafted. cprise Mar 2014 #36

So now Wall Street profits are good? ProSense Mar 2014 #38

Are you some kind of 'newspeak' enforcer? I won't play your game of dualism. cprise Mar 2014 #47

Don't try to deflect from the fact that you claimed Wall Street profits are good. ProSense Mar 2014 #52

And you're here to correct the errors of most DUers, no doubt cprise Mar 2014 #58

Yes, you stated that lower profits were a negative. n/t ProSense Mar 2014 #65

Most investors are not Wall St. bankers. But you want to frame it as black/white cprise Mar 2014 #68

Astroturfing weasel is not mud-slinging in your nearsighted world? lumpy Mar 2014 #114

"astroturfing Orwellian weasel" bvar22 Mar 2014 #124

Gaaakkkk..Now that's one spin too much, I'm dizzy lumpy Mar 2014 #112

Also passed some Wall Street reforms. Btw, who signed TARP anyway? JaneyVee Mar 2014 #20

BTW: Who voted FOR Tarp and lobbyied other Democratic Senators to vote FOR TARP... bvar22 Mar 2014 #125

Oh, I thought it was all Obama's fault. Sorry, I guess I misread your statement; so it is STILL lumpy Mar 2014 #109

You're the one who seems obsessed with him. JaneyVee Mar 2014 #18

No, I'm obsessed with policy and how it relates to creeping corporate power and cali Mar 2014 #21

What the hell does that have to do with blaming Obama for Wall Street bonuses? n/t ProSense Mar 2014 #22

Correct me if I'm wrong here, Pro, bvar22 Mar 2014 #126

How does one prosecute people for acts that were sleazy, but were still within written laws. nt bluestate10 Mar 2014 #98

that's about it, change the laws that were slithered in over the last 30 years. Whisp Mar 2014 #106

Not really. They want a D and don't give a crap what he does once elected. lark Mar 2014 #34

Actually the only people who think he's "Super Obama" Cali_Democrat Mar 2014 #41

Yep. NYC Liberal Mar 2014 #63

Yeah, agree about the bonus thing. lark Mar 2014 #67

The whole OP is about bonuses. Cali_Democrat Mar 2014 #69

Obama hate causes some people to show their ignorance. Just think of the ridiculous rhetoric lumpy Mar 2014 #108

Your complete ignoring of this thread ... 1StrongBlackMan Mar 2014 #24

didn't even see it, dear. oh and big fucking deal. cali Mar 2014 #44

You "see" and post every article (figuratively, of course) ... 1StrongBlackMan Mar 2014 #53

Some only see what they want to see, 1SBM. sheshe2 Mar 2014 #97

I guess ... 1StrongBlackMan Mar 2014 #103

Yes it is... sheshe2 Mar 2014 #107

"it is so, so transparent" and boring as all hell as well Number23 Mar 2014 #113

Obama gave those bonuses to Wall Street executives? Cali_Democrat Mar 2014 #26

So why have ALL the Banksters And Wall Streetians Blue_Tires Mar 2014 #27

They are furious: jsr Mar 2014 #30

because they're greedy, duplicitous fucks. and btw, President Obama cali Mar 2014 #43

Again ProSense Mar 2014 #45

One more time: cali Mar 2014 #51

Again, what the hell does that have to do with you blaming Obama for Wall Street bonuses? n/t ProSense Mar 2014 #55

If the WSJ, Fortune and other business publications are any sign Blue_Tires Mar 2014 #70

and today he is going to be 'very very good' to millions of workers who have been denied VanillaRhapsody Mar 2014 #28

a sop. cali Mar 2014 #42

A CRUMB? Are you serious? Obviously you are NOT someone this effects.. VanillaRhapsody Mar 2014 #57

Yes. a crumb. read the fucking details. cali Mar 2014 #59

Photo of Obama handing out Wall Street bonuses ProSense Mar 2014 #61

I have LIVED it! VanillaRhapsody Mar 2014 #77

The OP doesn't care about benefits that you gained from President Obama's efforts. bluestate10 Mar 2014 #100

Agreed....they cannot believe Obama didn't give them their ponies, unicorns and flying cars! VanillaRhapsody Mar 2014 #115

Wall Street is about as "well regulated" as the "well regulated militias" we hear about. Tierra_y_Libertad Mar 2014 #29

^^^this^^^ L0oniX Mar 2014 #31

They are financial terrorists I tells ya ...terrorists. L0oniX Mar 2014 #32

"We can't begrudge them their wealth" bvar22 Mar 2014 #46

Obama caps contractor pay ProSense Mar 2014 #48

YES!!! And he got a DOG too!!!! bvar22 Mar 2014 #64

Well, ProSense Mar 2014 #72

Full of NonSense.... as usual. bvar22 Mar 2014 #92

+1 a whole bunch! Enthusiast Mar 2014 #119

Actually, ProSense Mar 2014 #128

Well, the market was about HALF what it is now when he took office. JoePhilly Mar 2014 #49

where have the vast majority of those profits gone, dear? cali Mar 2014 #54

Is Obama to blame for the 30 percent drop in Wall Street profits? ProSense Mar 2014 #56

Post removed Post removed Mar 2014 #60

LOL. Five-year-old. n/t ProSense Mar 2014 #62

You defense a counterpoint with name calling. That is elementary schoolyard behavior. nt bluestate10 Mar 2014 #99

How exactly would a POTUS ... 1StrongBlackMan Mar 2014 #73

He gave those crooks billions through TARP highmindedhavi Mar 2014 #66

TARP was passed prior to Obama becoming President Cali_Democrat Mar 2014 #71

Right, but the majority of it was distributed in 2009. nt Romulox Mar 2014 #78

Yes...according to the TARP law that was passed in 2008, before Obama became President Cali_Democrat Mar 2014 #84

The Obama admin formally requested the funds. Romulox Mar 2014 #85

He had to by LAW. Cali_Democrat Mar 2014 #86

That's just false. Read the link. nt Romulox Mar 2014 #89

You're right then Cali_Democrat Mar 2014 #91

"I swear, some people here really do want a dictator. " Can you spell PROJECTION? nm rhett o rick Mar 2014 #96

Quantitative Easing BodieTown Mar 2014 #74

*EVERY* administration is good to Banksies and Wall Thieves. Kablooie Mar 2014 #76

Very good assessment. truedelphi Mar 2014 #95

Please forgive me for being a bit off-topic, but bonuses are something we should talk about. JDPriestly Mar 2014 #79

Thank you for that. Cali_Democrat Mar 2014 #90

Of course they have! Just look at his cabniet appointments! Rex Mar 2014 #83

AND to the uninsured Glitterati Mar 2014 #87

"nu-uh! so why are they complaining about him all the time? MisterP Mar 2014 #88

sheds light on another phenomenon we see at DU WhaTHellsgoingonhere Mar 2014 #93

And best news of all is if we get Hillary Clinton in the Oval Office, or truedelphi Mar 2014 #94

And so has Eric Holder, they are like the dynamic duo, dressed in green spandex... pragmatic_dem Mar 2014 #101

Only 30% of Americans have stock worth $5000 or more.... pragmatic_dem Mar 2014 #102

BUT, BUT, BUT ninth dimension chess!! DiverDave Mar 2014 #117

Meh Bobbie Jo Mar 2014 #121

TY for your well reasoned and thoughtful post DiverDave Mar 2014 #123

K&R! Way to go, cali! I'm inspired! Enthusiast Mar 2014 #118

Let me see if I get the logic here. NCTraveler Mar 2014 #120

K&R woo me with science Mar 2014 #122

I don't blame Obama the President but Obama the Senator should get some blame along with every..... yourout Mar 2014 #127

kick woo me with science Mar 2014 #130