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Author Topic: Jesse Jackson Proposes Creation of a New Lender  (Read 2201 times)

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Offline CG6468

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Jesse Jackson Proposes Creation of a New Lender
« on: January 31, 2013, 02:42:02 PM »
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Jesse Jackson Proposes Creation of a New Lender
 
By WILLIAM ALDEN

There’s been no shortage of ideas for how to jump-start economic growth in the aftermath of the financial crisis. But a new one comes with a high-profile backer: the Rev. Jesse L. Jackson.

At a three-day conference in New York that began on Wednesday, Mr. Jackson discussed a proposal for increasing the availability of capital by using pension money to make loans in low-income communities. The idea is getting a prominent debut at the 16th annual Wall Street Project Economic Summit, hosted by Mr. Jackson’s Rainbow PUSH Coalition and the Citizenship Education Fund.

“We’ve got to think outside the present fiscal-cliff-debt-ceiling box,” Mr. Jackson said in an interview on Wednesday. “We must have some plan for reconstruction.”

The conference features some big names, with a keynote speech from former President Bill Clinton. The comptroller of New York, John C. Liu, who oversees the city’s pension funds, is speaking on Thursday.

More liberal fecal materials 
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Offline DLR Pyro

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Re: Jesse Jackson Proposes Creation of a New Lender
« Reply #1 on: January 31, 2013, 03:19:23 PM »
raiding pension funds?  How very chicago-like of him to suggest that.
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Offline Chris_

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Re: Jesse Jackson Proposes Creation of a New Lender
« Reply #2 on: January 31, 2013, 03:20:09 PM »
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Jesse Jackson Proposes Creation of a New Lender Sucker

That's more like it.

Talk about throwing money out the window.  Isn't that what got us in to this mess in the first place... loaning money to people incapable of paying it back?
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to make loans in low-income communities.
« Last Edit: January 31, 2013, 03:30:45 PM by Chris_ »
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Offline thundley4

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Re: Jesse Jackson Proposes Creation of a New Lender
« Reply #3 on: January 31, 2013, 03:49:09 PM »
WTF?  Most public union pensions are already a drain on the states, and this idiot wants them to lose money by making loans that will be defaulted on? :banghead:
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Offline DumbAss Tanker

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Re: Jesse Jackson Proposes Creation of a New Lender
« Reply #4 on: January 31, 2013, 04:35:00 PM »
Hey Jesse, weren't worthless loans to the same bunch of losers and grifters the thing that turned into derivatives, which then that bankrupted several European national pension funds that were dumb enough to trust exotic American voodoo financial instruments, back about five years ago...?

 :mental:
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Offline Mr Mannn

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Re: Jesse Jackson Proposes Creation of a New Lender
« Reply #5 on: January 31, 2013, 05:42:16 PM »
So instead of attracting INVESTORS to create this lending institution...he wants to raid MY pension?
Do I have a choice in this? Can I say..."NO!"

Isn't this just redistribution? Take from those who have planned for their own future and give to those who will never pay it back?

Jesse is a rich man. I want to see him risk his fortune just like any other entrepreneur.

What is it with libs and my money? Leave me outa this!
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Offline Eupher

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Re: Jesse Jackson Proposes Creation of a New Lender
« Reply #6 on: January 31, 2013, 05:43:40 PM »
Relax, everybody. This is what Jesse does when he isn't chasing skirts.  :whatever:
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Offline JohnnyReb

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Re: Jesse Jackson Proposes Creation of a New Lender
« Reply #7 on: January 31, 2013, 05:45:42 PM »
Quote from: Mr Mannn on January 31, 2013, 05:42:16 PM

What is it with libs and my money? Leave me outa this!

 :lmao:.....You will not be left alone as long as one damn liberal is left alive.
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Offline Zeus

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Re: Jesse Jackson Proposes Creation of a New Lender
« Reply #8 on: January 31, 2013, 05:47:41 PM »
Not actually a new idea, pension funds have been invested in a wide range of financial markets pretty much since the inception of pension funds.

New & unimproved packaging , same product.
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Offline DumbAss Tanker

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Re: Jesse Jackson Proposes Creation of a New Lender
« Reply #9 on: January 31, 2013, 07:19:51 PM »
Quote from: Zeus on January 31, 2013, 05:47:41 PM
Not actually a new idea, pension funds have been invested in a wide range of financial markets pretty much since the inception of pension funds.

New & unimproved packaging , same product.

Yes, except this is actually a worthless product, just like the derivatives that bundled high-default mortgages amazingly similar to these.
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Offline Freeper

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Re: Jesse Jackson Proposes Creation of a New Lender
« Reply #10 on: February 04, 2013, 07:02:13 PM »
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Offline wasp69

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Re: Jesse Jackson Proposes Creation of a New Lender
« Reply #11 on: February 04, 2013, 07:32:41 PM »
Does someone really have to explain why it is nobody wants to invest in places that have no education and high crime?  Does this retard really just not "get it"?
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Offline Dori

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Re: Jesse Jackson Proposes Creation of a New Lender
« Reply #12 on: February 04, 2013, 09:18:24 PM »
Quote from: wasp69 on February 04, 2013, 07:32:41 PM
Does someone really have to explain why it is nobody wants to invest in places that have no education and high crime?  Does this retard really just not "get it"?

His name ain't Jesse Shakedown-Jackson for nothing.



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