And on a brighter note

mjolnir131

Veteran Expediter
oh this is good ... gods!


Where'd the bailout money go? Shhhh, it's a secret


Maybe it's just me but my sphincter does funny things when i hear a bank say something like ...
"We're not providing dollar-in, dollar-out tracking,"

I'm getting the distinct impression that these guys are getting the money and then it's SSDD which is one of the things that got them into trouble in the first place
 

ATeam

Senior Member
Retired Expediter
Only in an America where the competency of government has degenerated to that of a corrupt banana republic, and the people let it happen by re-electing the same clowns over and over again. Voting for the lesser of two evils is still voting for an evil and evil is what you get.
 
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Tennesseahawk

Veteran Expediter
I'm guessing two reasons this is happening...

1) The banks are WAY more powerful than the auto industry.

2) The banks have a lot on Congress, that could get certain members put in jail for a LONG time. Remember... the FBI is still investigating the Freddy/Fannie debacle. IMO, this is a payoff to keep the banks quiet about what REALLY went on.
 

ATeam

Senior Member
Retired Expediter
IMO, this is a payoff to keep the banks quiet about what REALLY went on.

1. What REALLY went on?

2. If an ordinary man on the street like you knows what REALLY went on, does it not stand to reason that most any other interested person could know too? What would a payoff accomplish?

Let me guess, you know but cannot tell because powerful forces behind the scenes have you gagged. Or, maybe you are not an ordinary man on the street but some sort of secret insider with private truth tellers that you are tapped into.

I apologize for being sarcastic. Conspiracy theories provide psychological benefits to the holders of the theories but are of little value in public debate.
 
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cheri1122

Veteran Expediter
Driver
Phil: as THawk clearly stated that he was just guessing, why would you get so acrimonious, suggesting that he's implying knowledge the rest of us don't have?
I think he's on the right track, though: there's plenty of evidence that Bush's administration pushed the banks (including Fannie & Freddy) to increase the rate of home ownership, (giving Bush some domestic numbers to brag on), without caring how that got done. The banks were happy to help, using deceptive practices, predatory lending, and risky investments to increase their own profits, thus making themselves money, the administration happy, and the hell with the suckers who end up paying for it all.

 

mjolnir131

Veteran Expediter
actually that was Clinton and bush one lowered one of then the other lowered the other can't remember which was which both wear big screw up
 

ATeam

Senior Member
Retired Expediter
Phil: as THawk clearly stated that he was just guessing, why would you get so acrimonious, suggesting that he's implying knowledge the rest of us don't have?

Because the implication is also clearly made, and to this reader, the implication is more convincing than than the qualifying statement of "just guessing."

The implication is consistent with other posts made by the writer. It is a common theme among some in the political spectrum. It frustrates the dickens out of me (thus my getting acrimonious) because the theme (my source of truth is better than yours) blinds people to the facts and interferes with good analysis.

While clarity is of course preferred, reality is often clouded with numerous conflicting facts. Suggesting or assuming you have a REAL knowledge of the truth keeps you from grasping more of the truth than you otherwise would.

The financial crisis is worldwide, huge and complex. It consists of financial, political, moral and other realities all jumbled together. It cannot be easily explained or understood.

By the way, "conventional wisdom" is also frought with conflicting guidelines. Example: "He who hesitates is lost." vs. "Look before you leap." When faced with a decision to act or not act and how soon or lat to do it, you can tap into these time-honored conventional wisdom slogans to support any belief you care to create.

So too with selecting your source of truth over other sources that may or may not be just as good. The minute you lock onto one, the more likely it is that you will miss other truths that would help you understand what is going on around you and what you can and should do in a given set if circumstances.

You might notice that I don't share REAL truths here in the open fourm. I share my views. I don't claim to be a real expediter or a real truck driver. There are things about life and work and God and family and money and America and women and expediting and myself that I used to believe were true that I now know are not true. Based on past history, there is a very high probability that my beliefs will continue to change as I age. If I can't figure out the truth for myself, it is certainly not my place to impose a truth on others.

Sharing views is one thing. Claiming that your truth is better than other people's truths is the height of arrogance. I know THawk said "IMO" and "just guessing." It is the REAL that set me off. Taken with other posts, it strikes me as saying my truth is better than yours.
 
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davekc

Senior Moderator
Staff member
Fleet Owner
A team wrote

The financial crisis is worldwide, huge and complex. It consists of financial, political, moral and other realities all jumbled together. It cannot be easily explained or understood
========================================
Don't understand all of it, but I can explain it.

GREED
 

x06col

Veteran Expediter
Charter Member
Retired Expediter
US Army
Yepper. But, i'd continue to pursue the puppy project tho. Then once that project is sucessfully completed lets continue to larger venues.
 

cheri1122

Veteran Expediter
Driver
The puppy project is ongoing, Col - I'm still in the research phase, though. And being female, I can multitask! (Am wrapping gifts in between posts) :p:p:p
 

x06col

Veteran Expediter
Charter Member
Retired Expediter
US Army
Being male, mine been wrapped and shipped fer a month now. How's that for a need to multi task. Catch up, I don't need. Puppie in a truk - - bah humbug!!
 

cheri1122

Veteran Expediter
Driver
Touche, Col! :D But I bet my giftwrapping skills are better than yours - and since that may be the only place I can claim superiority, you'll let me have it, won't you?
PS What's wrong with a dog in the truck, Scrooge?
 

nightcreacher

Veteran Expediter
Gift wrapping ,what is that? $50 gift cards from Giant Eagle,holiday greeting cards,and a discount on my gasoline for buying at Giant Eagle.And I dont have to worry about buying the wrong size or gift.
 

x06col

Veteran Expediter
Charter Member
Retired Expediter
US Army
It's good y'all. Really good!! Whichever trips yer trigger. Jes git r done. Happy Christmas Y'all.
 

Tennesseahawk

Veteran Expediter
You want substance to my opinion, Phil? Here it is.

Bob McTeer, president of the Dallas Federal Reserve Bank from 1991 to 2004, said “There was a lot of pressure from Congress and generally everywhere to make homeownership affordable for poor and low-income people. Some mortgages were made that would not have ordinarily been made.” He also said “When a bank made a decision to purchase mortgaged-backed securities, they would somehow determine if some of them were in zip codes covered by the CRA, and therefore they could get CRA credit.”

IOW, the banks were given kudos for making risky loans, which were dictated by Congress. The banks knew this was bad business, but since it was authorized by Congress, most sought to follow suit of their competitors by FOLLOWING THE LAW.

Banks made money off of loans that wouldn't and shouldn't survive. They hid the fact that these loans were losers, thus deceiving their investors. The very same thing that happened in Enron landed a number of their executives in prison. But since the banks were joined with Fannie Mae and Freddie Mac in this deception, no heads rolled. My OPINION of why this is the way it is is because certain members of Congress KNEW this was happening, and preferred it to continue. Barney Frank, in particular, worked hard to diffuse any attempt to correct the situation thru regulation of Freddie and Fannie. I wonder why that was. Why tie himself to a sinking ship, and claim it's not sinking while others around him are manning either lifeboats or buckets?

There are plenty of questions to be answered. Whether or not we'll get the correct one, and not a watered down ***-covering one, has yet to be seen. Yes, greed has a great deal to do with today's problems. Greed that likely wouldn't have happened if it weren't government sponsored. I'd like to know what those who sponsored it had to gain. More than likely, it was more than the $114,000/month retirement Franklin Raines got.

Here's an article that might shed some light on the current fiasco. I'll leave it to your OPINION as to its weight, and how much validity it has to my OPINION.

http://www.humanevents.com/article.php?id=28641
 
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