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Max Online: 911 @ 01/26/25 02:49 PM
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#363681 - 09/30/08 06:05 AM
Nancy Pelosi is a FUCKING STUPID CUNT.
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Kurt Lackwood's Fluffer
Registered: 10/09/04
Posts: 1176
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That is all, thank you.
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"If I were a guy, not swallowing would be a deal breaker. So what if you cook and clean? I can get a maid for that." - Gia Jordan
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#363682 - 09/30/08 07:13 AM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Porn Fucking Master
Registered: 02/23/05
Posts: 3724
Loc: Paddling my canoe in the wild
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Ya know, she probably shouldn't have taken the opportunity to put the boots to the GOP before the vote to save the US from the crisis caused by the GOP.
However, for the rank and file GOP to refuse to follow THEIR President, THEIR congressional leadership, and THEIR Presidential candidate and drive the economic bus off a cliff because either their feelings were hurt or it seemed politically expedient to do so - now that's a stupid cunt.
"Country First" indeed.
Edited by Soopergrizz (09/30/08 07:14 AM)
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You're all still alive?
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#363684 - 09/30/08 07:58 AM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Porn Fucking Master
Registered: 05/18/06
Posts: 3555
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odd detail: the article ivor referenced was published on this exact same date in 1999.
_________________________
"I'm going to spend the rest of the weekend deep frying the fuck out of anything that gets in my way."
--Handful
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#363687 - 09/30/08 08:56 AM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Internet Tough Guy
Registered: 07/14/08
Posts: 787
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Quote:
saving the U.S. from becoming a socialist welfare state
um. the U.S. has been a socialist welfare state since the new deal. you just refuse to call it that.
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#363692 - 09/30/08 09:50 AM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Anonymous
Unregistered
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Pelosi had a golden opportunity to demonstrate real leadership and to contrast her tenure as Speaker from the 12 years the House was under GOP rule.
She squandered with the same kind of partisan rhetoric she denounced when the Dems were in opposition. Then she blamed the Republicans, ignoring the 96 Democrats who voted against the measure.
There's a much abused, six-letter term for that sort of behavior...
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#363693 - 09/30/08 09:51 AM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Porn Jesus
Registered: 10/29/03
Posts: 9489
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Finger pointing liberals need to chill, a bill will get signed soon, but hopefully the right one, not some bullshit one where the government buys up bad mortgages (WITH OUR MONEY) putting us in greater future economic peril instead of insuring them like the Republican's want, so there's some accountability. Responsible taxpayers shouldn't have to pay for bad lenders, greedy suits and the idiots who over extended their credit and couldn't pay it back. It's an American problem, not solely a Republican one... wake the fuck up.
_________________________
"I only insult those who deserve it." - Alfred E. Neuman
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#363694 - 09/30/08 10:09 AM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Anonymous
Unregistered
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Quote:
Finger pointing liberals need to chill... It's an American problem, not solely a Republican one... wake the fuck up.
 Pardon? I could have sworn I just said that. I could also have sworn that the article referenced above dated back to the Clinton administration.
I could also have sworn that both candidates and the leadership of both parties in Congress backed the bill, and that members of both parties balked at it.
Seems to me there's entirely too much finger pointing on both sides. And plenty of blame to go around.
Edited by Jim B. (09/30/08 10:21 AM)
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#363695 - 09/30/08 10:45 AM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Kurt Lackwood's Fluffer
Registered: 10/09/04
Posts: 1176
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Quote:
Finger pointing liberals need to chill, a bill will get signed soon, but hopefully the right one, not some bullshit one where the government buys up bad mortgages (WITH OUR MONEY) putting us in greater future economic peril instead of insuring them like the Republican's want, so there's some accountability. Responsible taxpayers shouldn't have to pay for bad lenders, greedy suits and the idiots who over extended their credit and couldn't pay it back. It's an American problem, not solely a Republican one... wake the fuck up.
Buy or insure, either way the taxpayer takes on the risk. Insuring them complicates the situation further, which doesn't help when a big part of the problem is overly-complicated financial instruments. Buy the toxic assets out of the system and you give the market the certainty it needs to get back to normality.
The taxpayer could even make a profit - they were not talking about buying them at full redemption value. Of course, that becomes less likely the longer they drag this out, damaging the economy further.
_________________________
"If I were a guy, not swallowing would be a deal breaker. So what if you cook and clean? I can get a maid for that." - Gia Jordan
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#363696 - 09/30/08 11:27 AM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Registered Sex Offender
Registered: 07/09/06
Posts: 2362
Loc: St. Louis
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Quote:
Quote:
You should thank the GOP for saving the U.S. from becoming a socialist welfare state and putting all the burden on the taxpayers like the President & the Dems wanted.
So better to let the malfunctioning markets bring down the US and world economy and cost everyone many times as much?
Ain't gonna happen. The loss of liquidity, while massive, isn't enough to send the world economy into the tank. A recession yes, a long-term depression, no.
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"Offer them what they secretly want and they of course immediately become panic-stricken."
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#363698 - 09/30/08 11:41 AM
Thoughtful Analysis of the Credit Panic
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Porn Jesus
Registered: 09/20/05
Posts: 9184
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Quote:
Responsible taxpayers shouldn't have to pay for bad lenders, greedy suits and the idiots who over extended their credit and couldn't pay it back. It's an American problem, not solely a Republican one... wake the fuck up.
While I'm sure you've very impassioned on the subject, consider the following:
1. The taxpayer bears blame too. I didn't hear anyone complaining that an unemployed plumber could get a mortgage with interest-only payments for 5 years, and he didn't have to ever talk about his income or his FICO score. Nor did I hear anyone complaining about the idiots who took out 2nds to pay off their credit cards, then ran them right back up. Nor did anyone complain about people with no construction experience who suddnely because bigwig property flippers.
So yeah, the taxpayer certainly benefited from this deregulated climate.
2. We have financial socialism every morning at 9:00 a.m. ET when the Federal Reserve Bank of New York buys and sells Treasury Securites on the open market in order to influence interest rates. **Every morning** You don't think the federal government insuring deposits on banks they have no stake in is capitalism??? How about the RTC? the SIPC? GSEs like Fannie Mae or the Small Business Administration?
3. I don't think you understand that this is no longer a problem of "bad mortgage lending." It's a severe contraction in the ability for lenders to obtain funding for any credit--good or bad. The money for a loan has to come from somewhere, and those somewhere's (like insolvent investment banks) aren't there any more. I'd be happy to give you the phone number of my client who told me last week his bank was "looking for reasons not to extend credit any further." I know at least one bank in SoCal who restricted their maximum leverage ratios for business loans back to 3:1...where they were in the mid-1980s.
4. The Repubs can't have it both ways, they want an "insurance fund" vs a "RTC model," but they also want to eliminate mark-to-market accounting. In that scenario, they will wind up enriching banks further and costing the taxpayer the exact same amount of money.
Here's how it works:
Scenario 1:Insurance-fund scenario:
Bank A is holding a $500M mortgage. Because of MTM accounting, they must value that asset (loans are assets for banks, deposits are liabilities) at the value the market would pay for it. Let's just pretend the underlying value is 50% of what it used to be, or $250M. So currently Bank A will have to write down the value of that asset by 1/2 and book the loss on its income statement.
Bank A gets to file an insurance "claim" with the government of $500M, the face value of the asset (remember, the Repubs want to eliminate MTM rules). This means not only that the asset is taken off Bank A's balance sheet, they actually get the face value for that asset, or $500M. Upshot: (i) Bank A just made $250M more that they ever anticipated, and it's a cash profit (ii) the government just assumed an asset that it will have to sell at some discount in the future, not only meaning that they overpaid for the asset, they will have to come back to the taxpayer later for the difference in the purchase price and sale prices, i.e., they lost more money.
Scenario 2: RTC bailout
Same bank, same mortgage. Under the Dem plan, MTM accounting still applies.
Government buys the mortgage at the current value assigned to it by the Bank (remember, it's $250M in this case). Bank A is now made whole on the asset: they don't make any money, but they also won't lose any more money, and the deposits and other core capital funding that mortgage is now freed up to do other things. Government obviously has to pay less for the asset because they're still using MTM rules, the flip side is that they don't recapitalize Bank A to the point where they started, but it's a start. When the government resells this mortgage asset, they will either make or lose money depending on the sale price, I think you can reason that one out.
5. Yes, Pelosi was stupid for enraging anyone on such a touchy issue, they need to find a better Speaker.
6. BTW, I own about $45M in bank stocks, does that make me some "fat cat?" Lots of other people own finanical stocks via retirement accounts, pension funds, etc. So please scrape together whatever you got an send it to me, because I lost 11% on my investment in JPMorgan. Don't hate me beucase I invested in U.S. Bank and not U.S. Steel.
The whole point of placing limitations on compensation was to prevent the enrichment of executives who participate in either the insurance bailout or the RTC bailout; everyone agreed on that before the final bill was ever drafted.
7. Adding another $1T of national debt wouldn't be such a big problem if our Republican Executive wasn't spending $1T per year on a war in the Middle East. Nor would the Treasury be so depleted if they didn't keep sending $500 checks to people every time there's a small blip in the economy. The last "tax rebate" just got spent on beer and smokes, the national savings rate didn't go up one iota.
Plenty of blame to go around for everyone.
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#363699 - 09/30/08 11:48 AM
Re: Thoughtful Analysis of the Credit Panic
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Porn Jesus
Registered: 04/19/04
Posts: 7888
Loc: Carpathian Mountains
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Why is this not to be expected in a Capitalist society that is becoming increasingly more selfish?
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"Some say I'm lazy and others say that is just me.
Some say I'm crazy, I guess I'll always be"
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#363701 - 09/30/08 12:09 PM
Re: Thoughtful Analysis of the Credit Panic
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Internet Tough Guy
Registered: 07/14/08
Posts: 787
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#363702 - 09/30/08 01:10 PM
Re: Thoughtful Analysis of the Credit Panic
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Porn Jesus
Registered: 09/20/05
Posts: 9184
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Quote:
You could've skipped the lecture, that was my point.
Yeah, and know you know a lot more about the situation. You can speak to it more intelligently that just telling people to "wake the fuck up."
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#363703 - 09/30/08 02:19 PM
Re: Thoughtful Analysis of the Credit Panic
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Porn Fucking Master
Registered: 02/23/05
Posts: 3724
Loc: Paddling my canoe in the wild
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George Will had a great quote this week on This Week.
He noted that people used to say that a worthy objective was for the Gov't to balance its budget the way individual families do, but lately the opposite has happened, families have been deficit spending the way the Gov't always has.
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#363706 - 09/30/08 02:53 PM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Registered Sex Offender
Registered: 07/09/06
Posts: 2362
Loc: St. Louis
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And the Fed put the brakes on the economy by choking off the money supply.
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"Offer them what they secretly want and they of course immediately become panic-stricken."
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#363709 - 09/30/08 05:32 PM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Registered Sex Offender
Registered: 07/09/06
Posts: 2362
Loc: St. Louis
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Quote:
Quote:
Yeah, I'd rather the people who are responsible for it to pay, not the American taxpayers.
You can make the case that responsibility for this mess rests solely with borrowers who won't repay their loans.
Some measure of blame rests with the following:
The Bush Administration
The Clinton Administration
The Fed under Greenspan
The Fed under Bernanke
The U.S. Treasury and all of its heads since the mid-90s
The SEC
The IB industry
The mortgage banking industry
The U.S. Congress for the past 15 years
The Democrats
The GOP
And last but not least -- The American people
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"Offer them what they secretly want and they of course immediately become panic-stricken."
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#363711 - 09/30/08 09:34 PM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Bukkake Boy
Registered: 04/15/08
Posts: 741
Loc: The Great White Frozen Fucking...
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A couple of thoughts on the bailout.
1 - At 700 billion dollars, the congress could literally have given every citizen in the united states a one time payout of (approximately) $23,000 dollars. Of course, there wouldn't be any guarantees of paybacks and no assets to claim, but if you give 300 million people 23 thousand dollars, shouldn't that jump start the economy pretty hard?
2 - How exactly is it Nancy Pelosi's fault that the Republicans can't even control their own membership? Where was the republican party whip on this issue? A full 60% of democrats voted yes to the bailout, compared to only 35.1% of republicans doing so. Lets be clear here, the bill failed to pass by 11 votes. The Democrats came through, where were the Republicans on this?
3 - It looks like Bush doesn't give a shit about congress anyways, as he's looking for loopholes to provide the money to the banks anyways. Currently the senate is voting on a resolution as well, which is confusing to me, as I thought laws had to go through congress to be considered by the senate.
4 - I don't recall Pelosi setting any of this in motion. Pelosi didn't start the crazy ass housing bubble. Pelosi didn't reward corporate CEO's with tens of millions of dollars for building up imaginary value in a company while secretly running them into the ground. Pelosi has barely been Speaker of the house for two yers now. I seriously doubt that we can blame a financial collapse on her entirely.
Rebuttals - I have never spoken with Nancy Pelosi and know little about her other than she is the current Speaker of the House. She couldvery well be a stupid cunt, but I'm going to have to ask for a personality test and an IQ test done by an impartial source before I will concede that she might in fact be a stupid cunt.
However, if we are going to subject her to that treatment, I'm going to have to insist that George Bush, Cheney, Obama and McCain all step up to the plate as well.
Christ it should probably be mandatory for the last two. You guys need all the help you can get in this election.
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'She looks like Brock Lesnar.' - The Tatty Patty.
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#363712 - 09/30/08 11:47 PM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Internet Tough Guy
Registered: 07/14/08
Posts: 787
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Quote:
1 - At 700 billion dollars, the congress could literally have given every citizen in the united states a one time payout of (approximately) $23,000 dollars. Of course, there wouldn't be any guarantees of paybacks and no assets to claim, but if you give 300 million people 23 thousand dollars, shouldn't that jump start the economy pretty hard?
Have you heard of the phenomena called 'inflation'?
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#363714 - 10/01/08 02:29 AM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Porn Jesus
Registered: 08/03/03
Posts: 5849
Loc: TX, USA
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Pelosi's mistake was to make a politically divisive speech right before the vote. Instead of a patriotic "The Country Needs You" pep talk the republicans heard a partisan speech that effectively reminded them that their constituents wanted a No vote, and it appeared that Democrats were being allowed to vote No for political reasons (remember Pelosi didn't exactly have command of her party either).
That's not an excuse: there are times when they've got to bite their tongues and do what's needed. But Pelosi made about the worst speech possible.
(remember that she's the one that railed about the do-nothing Republican House, then as her first act called a vacation for the first day of business for the house so everyone could go to a football game)
The biggest knock on Pelosi in general is that she has been completely out-maneuvered by Bush since she became Speaker. On this particular issue remember that Congress has oversight of all these things, yet I don't recall much oversight taking place...
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#363715 - 10/01/08 04:33 AM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Max Hardcore Prison Bitch
Registered: 04/12/07
Posts: 367
Loc: WI
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Pelosi is a cunt but not for making that speech........she did some political grandstanding....so what...she delivered her caucus 2/3 of the dems voted for it....while 2/3 voted against it.........you can point the finger but it doesn't go to her.....these are U.S Congressman who vote for/against for a variety of reasons.........
I seriously doubt if a U.S Congressman changed their vote cause of her speech.
Maybe they voted based on the numerous calls to their office that voters like me made. Maybe they did it cause they are up for election and realized that the Bush/McCain coattails most likely have room for them. Maybe they just actually disagreed with the bill as presented.
_________________________
" I have a like a 5 second rule for cum-- if it's been ejaculated from the penis and laying around somewhere for more than 5 seconds, I'm not touching it. I like my cum hot and fresh.
" ......Holly Randall
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#363716 - 10/01/08 04:37 AM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Registered Sex Offender
Registered: 07/09/06
Posts: 2362
Loc: St. Louis
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Could it be that House Republicans are more Republican (conservative) than the Bush Administration? There is nothing conservative about Bush and it's one reason why I am no longer Republican.
_________________________
"Offer them what they secretly want and they of course immediately become panic-stricken."
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#363717 - 10/01/08 11:46 AM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Kurt Lackwood's Fluffer
Registered: 08/04/06
Posts: 1155
Loc: U.S. Outpost 31
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Bush=Social Conservative...but Fiscal Liberal.
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I know you gentlemen have been through a lot,and when you find the time...I'd rather not spend the rest of the winter tied to this fucking couch!
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#363719 - 10/01/08 03:07 PM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Max Hardcore Prison Bitch
Registered: 04/12/07
Posts: 367
Loc: WI
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here is a question......how much is predicted that this bailout will actually move the credit markets?
is it 40%
50%
_________________________
" I have a like a 5 second rule for cum-- if it's been ejaculated from the penis and laying around somewhere for more than 5 seconds, I'm not touching it. I like my cum hot and fresh.
" ......Holly Randall
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#363722 - 02/04/09 08:15 AM
Re: Nancy Pelosi is a FUCKING STUPID CUNT.
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Porn Jesus
Registered: 08/09/06
Posts: 9113
Loc: red dirt state of mind
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Just a reminder, still a stupid cunt. Proof.
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