The Conservative Cave
Current Events => The DUmpster => Topic started by: Traveshamockery on February 21, 2009, 08:11:38 PM
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http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5101153
Well, some of the dummies might now be suspecting what most of us have known all along.
Reality bites, eh Dummies?
Orwellian_Ghost (1000+ posts)Fri Feb-20-09 08:04 PM
Original message
WTF?! Obama Administration To Subsididze Hedge Fund Industry While People Are Waiting In Food Lines? Updated at 6:00 PM
U.S. Tries a Trillion-Dollar Key for Locked Lending
By VIKAS BAJAJ
Published: February 19, 2009
<snip>
Most banks no longer hold the loans they make, content to collect interest until the debt comes due. Instead, the loans are bundled into securities that are sold to investors, a process known as securitization.
But the securitization markets broke down last summer after investors suffered steep losses on these investments. So banks and other finance companies can no longer shift loans off their books easily, throttling their ability to lend.
The result has been a drastic contraction of the amount of credit available throughout the economy. By one estimate, as much as $1.9 trillion of lending capacity — the rough equivalent of half of all the money borrowed by businesses and consumers in 2007, before the recession struck — has been sucked out of the system.
Banking chiefs, who have come under sharp criticism for not making more loans even as they have accepted billions of taxpayer dollars to prop themselves up, say it is the markets, not the banks, that are squeezing American borrowers.
The Obama administration hopes to jump-start this crucial machinery by effectively subsidizing the profits of big private investment firms in the bond markets. The Treasury Department and the Federal Reserve plan to spend as much as $1 trillion to provide low-cost loans and guarantees to hedge funds and private equity firms that buy securities backed by consumer and business loans.
earth mom (1000+ posts)
Sat Feb-21-09 03:12 PM
Response to Reply #4
32. Same shit, different administration-no actually some of the players are the same.
inna (269 posts)
Sat Feb-21-09 10:17 AM
Response to Reply #19
22. what we have in place is "socialist handouts" to the obsenely rich...
at the expense of the taxpayers.
this is just total crookery.
i'm so pissed.
DCKit Donating Member (1000+ posts)
Sat Feb-21-09 01:41 PM
Response to Original message
27. No, no, no, no, no, no, no. n/t
whathappened Donating Member (1000+ posts) Sat Feb-21-09 07:43 PM
Response to Reply #40
42. where are we headed
i had such hopes that we would have a change after the election , it is dieing by the day for me , i see not much help going to the poor of this country , middle class is going no where but down hill , rich won't turn lose of any of there money , wake me up when when it is time to take to the streets
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Where are all these food lines?
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It's gonna be an entertaining two years. :evillaugh:
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This wasn't too far off...
Just Got Fooled Again!
They’ll be pooping in their seats
With their cheetos by their feet
And the candidate they worshiped will be gone
And the men who spurred them on
Won’t admit that they were wrong
They decided and the Pumas growled the song
I’ll tip my hat to the new mass confusion
Pop a grin at the DUmmy revolution
Pick on their dumb ass each day
Just like yesterday
As they log on DU and say
We just got fooled AGAIN!
They went and got it wrong
We knew it all along
They were liberated from their votes, that’s all
And the world looks just the same
And history ain’t changed
Cause the vote counts were all changed by Diebold
I’ll tip my hat to the new mass confusion
Pop a grin at the DUmmy revolution
Pick on their dumb ass each day
Just like yesterday
As they log on DU and say
We just got fooled AGAIN!
They’ll move themselves and their families aside
If relocation money they can connive
I’ll read all the posts and I’ll smile at the sky
Though I know that a plane ticket they’ll never buy
Will ya?
There’s nothing on DU
Looks any different to me
And the posters are replaced, by-the-bye
And the parting on the Left
Still looks so funny on the Right
And the Med lists have grown longer overnight
I’ll tip my hat to the new mass confusion
Pop a grin at the DUmmy revolution
Pick on their dumb ass each day
Just like yesterday
As they log on DU and say
We just got fooled AGAIN!
YEEEEEAAAAAARGGGGHHHHHH!!!!!!!!!!1111111eleventyeleventy
Meet the new DUmp
Same as the old DUmp
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Where are all these food lines?
I'm curious where they see socialism implemented in this old world, that the leaders of said socialist utopia aren't the new generation of fat cats, and the poor and downtrodden aren't just as poor and downtrodden as they were back when they surrendered their freedoms to the Kollective?
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This wasn't too far off...
Just Got Fooled Again!
They’ll be pooping in their seats
With their cheetos by their feet
And the candidate they worshiped will be gone
And the men who spurred them on
Won’t admit that they were wrong
They decided and the Pumas growled the song
I’ll tip my hat to the new mass confusion
Pop a grin at the DUmmy revolution
Pick on their dumb ass each day
Just like yesterday
As they log on DU and say
We just got fooled AGAIN!
They went and got it wrong
We knew it all along
They were liberated from their votes, that’s all
And the world looks just the same
And history ain’t changed
Cause the vote counts were all changed by Diebold
I’ll tip my hat to the new mass confusion
Pop a grin at the DUmmy revolution
Pick on their dumb ass each day
Just like yesterday
As they log on DU and say
We just got fooled AGAIN!
They’ll move themselves and their families aside
If relocation money they can connive
I’ll read all the posts and I’ll smile at the sky
Though I know that a plane ticket they’ll never buy
Will ya?
There’s nothing on DU
Looks any different to me
And the posters are replaced, by-the-bye
And the parting on the Left
Still looks so funny on the Right
And the Med lists have grown longer overnight
I’ll tip my hat to the new mass confusion
Pop a grin at the DUmmy revolution
Pick on their dumb ass each day
Just like yesterday
As they log on DU and say
We just got fooled AGAIN!
YEEEEEAAAAAARGGGGHHHHHH!!!!!!!!!!1111111eleventyeleventy
Meet the new DUmp
Same as the old DUmp
H5! Did you rewrite those lyrics? That's great!
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Where are all these food lines?
The only lines around these parts are to get into the Saxet gun show. My husband went today and he had to wait in line just to get in the place. He said he's never seen the place so packed with people.
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DCKit Donating Member (1000+ posts)
Sat Feb-21-09 01:41 PM
Response to Original message
27. No, no, no, no, no, no, no. n/t
I enjoyed that post the most. You could just feel the total anguish in it, because that person knows that they are responsible for this.
Everytime we see a post like that, we can sit back and laugh, because hey, we voted against it.
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This wasn't too far off...
Just Got Fooled Again!
They’ll be pooping in their seats
With their cheetos by their feet
And the candidate they worshiped will be gone
And the men who spurred them on
Won’t admit that they were wrong
They decided and the Pumas growled the song
I’ll tip my hat to the new mass confusion
Pop a grin at the DUmmy revolution
Pick on their dumb ass each day
Just like yesterday
As they log on DU and say
We just got fooled AGAIN!
They went and got it wrong
We knew it all along
They were liberated from their votes, that’s all
And the world looks just the same
And history ain’t changed
Cause the vote counts were all changed by Diebold
I’ll tip my hat to the new mass confusion
Pop a grin at the DUmmy revolution
Pick on their dumb ass each day
Just like yesterday
As they log on DU and say
We just got fooled AGAIN!
They’ll move themselves and their families aside
If relocation money they can connive
I’ll read all the posts and I’ll smile at the sky
Though I know that a plane ticket they’ll never buy
Will ya?
There’s nothing on DU
Looks any different to me
And the posters are replaced, by-the-bye
And the parting on the Left
Still looks so funny on the Right
And the Med lists have grown longer overnight
I’ll tip my hat to the new mass confusion
Pop a grin at the DUmmy revolution
Pick on their dumb ass each day
Just like yesterday
As they log on DU and say
We just got fooled AGAIN!
YEEEEEAAAAAARGGGGHHHHHH!!!!!!!!!!1111111eleventyeleventy
Meet the new DUmp
Same as the old DUmp
Pure genius, asdf. If you didn't write it, you get the H5 anyway.
D6, the "fat cats" may include a Grotto Gato, or Gutter Gato . . .
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Sweet, delicious tears of DUmmie despair, yummmmm! /mode=Cartman
:cheersmate:
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Obama bin Bushitler!!!!!!11111elevenone
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H5! Did you rewrite those lyrics? That's great!
Yeah. :-)
I did it before the election in anticipation of McCain not actually sucking so bad, but it's apparantly still relevant. :)
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^5 asdf, and yeah, I totally stole it. It's now posted elsewhere. You should post it on FR if you have an account.
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Great lyrics, asdf.
Would you happen to be related to a certain Lutheran minister from Missouri that post on FR?
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Great lyrics, asdf.
Would you happen to be related to a certain Lutheran minister from Missouri that post on FR?
Nopers.
My handle on FR is "Manmountain" but I don't think I've logged in over there in better than a year.
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Maybe we should just head up every DU thread with this:
(http://images4.cafepress.com/product/67294894v2_350x350_Front.jpg)
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Maybe we should just head up every DU thread with this:
(http://images4.cafepress.com/product/67294894v2_350x350_Front.jpg)
Works for me, Sparky!