Quote:

---

Originally posted by Shinygoodguy:
Saw on the news that Madoff's appeal was denied. Good!

But I thought to myself, "Would he had gotten off if Bush was still President?"

There's more to this case than meets the eye. I think, first of all, that he and his wife had a plan "B" just in case he got caught. She had to be in on it. Read somewhere that she was a total bitch and often treated people with utter disdain. Rich folk tend to do that more often than not.

But my thought regarding this is: With the weak policies that were in place regarding regulatory matters, the climate for Madoff (and others like him) was rife with opportunities. For the last 15 to 20 years he operated with impunity. There were those who had their doubts about him, but kept quiet and turned away.

A few weeks ago there was a 60 Minutes Report regarding the whistleblower that no one would listen to - Harry Markopolos, who, for 8 years, tried to convince any that would listen, most particularly the SEC, that Madoff was a fraud.
He was rebuffed and ignored. Now, suddenly he's a star. Hmmmm, I wonder why?

The climate has changed in Washington. And, like it or not, the new sheriff has called to task those who would cheat and otherwise abuse the system. Do the initials A.I.G. mean anything to anyone? These guys almost broke the system, almost killed the goose that laid the golden egg.
It don't make sense to me that the AIG execs would honor those contracts (actually it does, it's all a boys club) being that were it not for the taxpayers they would all be included in that long line outside the unemployment office. Figuratively speaking.

Jay Leno said it best, don't pay out the bonuses and say to those execs who would pursue payment - "Sue me!" Go ahead and let them sue for their bonuses. First, they would be exposed for the greedy bastards that they are. And then too, Do you think they would want to step into the limelight and expose temselves as the architects of the near-collapse of the world financial markets? Bonuses for running a company, and nearly a world, into the ground? Where's that get fun?

I, for one, I'm glad that the Court of Appeals shot down his feeble attempt to gain his freedom. Finally a decision that makes sense. They said he was a flight risk. Well duh! Hey Bernie, how does it feel to be in the shit?!

SGG



Tawabawho?

---

Quote:

---

Originally posted by whozit:

Quote:

---

Originally posted by Shinygoodguy:
Saw on the news that Madoff's appeal was denied. Good!

But I thought to myself, "Would he had gotten off if Bush was still President?"

There's more to this case than meets the eye. I think, first of all, that he and his wife had a plan "B" just in case he got caught. She had to be in on it. Read somewhere that she was a total bitch and often treated people with utter disdain. Rich folk tend to do that more often than not.

But my thought regarding this is: With the weak policies that were in place regarding regulatory matters, the climate for Madoff (and others like him) was rife with opportunities. For the last 15 to 20 years he operated with impunity. There were those who had their doubts about him, but kept quiet and turned away.

A few weeks ago there was a 60 Minutes Report regarding the whistleblower that no one would listen to - Harry Markopolos, who, for 8 years, tried to convince any that would listen, most particularly the SEC, that Madoff was a fraud.
He was rebuffed and ignored. Now, suddenly he's a star. Hmmmm, I wonder why?

The climate has changed in Washington. And, like it or not, the new sheriff has called to task those who would cheat and otherwise abuse the system. Do the initials A.I.G. mean anything to anyone? These guys almost broke the system, almost killed the goose that laid the golden egg.
It don't make sense to me that the AIG execs would honor those contracts (actually it does, it's all a boys club) being that were it not for the taxpayers they would all be included in that long line outside the unemployment office. Figuratively speaking.

Jay Leno said it best, don't pay out the bonuses and say to those execs who would pursue payment - "Sue me!" Go ahead and let them sue for their bonuses. First, they would be exposed for the greedy bastards that they are. And then too, Do you think they would want to step into the limelight and expose temselves as the architects of the near-collapse of the world financial markets? Bonuses for running a company, and nearly a world, into the ground? Where's that get fun?

I, for one, I'm glad that the Court of Appeals shot down his feeble attempt to gain his freedom. Finally a decision that makes sense. They said he was a flight risk. Well duh! Hey Bernie, how does it feel to be in the shit?!

SGG



Tawabawho?

---

You libs are great at deciding who gets money and who does'nt, the AIG people had those RETENTION bonuses in there contracts and the Dems where OK about untill the pay out, WHY! The amendment making it OK for the bonuses was put in there by a Democrat, (Dodd) it was written in Pelosi's office and signed by Barry. The Pig Package gives a big pile of cash to ACORN which I'm sure you're OK with, and plenty of pork for alot of Democrat projects.

My advice to you libs is to get a thicker skin, Barry is "photo-op" President, he looks great, he sounds great that's it, without his telapromter he's a studdering douchebag.

The House and Senate are ruled by Democrats, not controled "ruled"! All Republicans can do is heckle from the peanut gallery.

The truth is you left-wing, whinning, foul tempered, cheap shot taking, hypocrites are in charge. You can't blame Republicans for anything anymore, blaming Bush and saying you inherited this mess will only go so far.

So please get ready, you whinning, foul tempered, cheap shot taking hypocrits, people who spell better than me are going to expose and make fun of you for the phonys you are. AND THEN I WILL LAUGH AT YOUR PAIN!!! AHHHAHAHAHAHAHA!!!........also this thread belongs on RWFF.

---

Quote:

---

Article. 1. Section. 8.
Clause 1: The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
Clause 2: To borrow Money on the credit of the United States;
Clause 3: To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
Clause 4: To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
Clause 5: To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
Clause 6: To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
Clause 7: To establish Post Offices and post Roads;
Clause 8: To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;
Clause 9: To constitute Tribunals inferior to the supreme Court;
Clause 10: To define and punish Piracies and Felonies committed on the high Seas, and Offences against the Law of Nations;
Clause 11: To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;
Clause 12: To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;
Clause 13: To provide and maintain a Navy;
Clause 14: To make Rules for the Government and Regulation of the land and naval Forces;
Clause 15: To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;
Clause 16: To provide for organizing, arming, and disciplining, the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;
Clause 17: To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, byCession of particular States, and the Acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings;--And
Clause 18: To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.

---

Quote:

---

I think it odd how the economy was going strong until shortly after the Democrats took the majority of Congress. Did they foul up the economy on purpose to draw attention away from their glaring inability to develop a foreign policy?

---

Quote:

---

Originally posted by Kwicko:

Quote:

---

I think it odd how the economy was going strong until shortly after the Democrats took the majority of Congress. Did they foul up the economy on purpose to draw attention away from their glaring inability to develop a foreign policy?

---

1) I don't think a "glaring inability to develop a foreign policy" is going to be a huge problem, in light of the last 8 years. It's a pretty easy proposition, really. Step Number One: Don't go around invading sovereign nations willy-nilly.

2) I could lay just as legitimate a claim as yours, that the Republicans poisoned the well for the economy in hopes that it would force the Democrats to deal with it (or hopefully for the GOP, to FAIL to deal with it), and also that it would force them to raise taxes, which would make a fantastic campaign opportunity in 2010. The GOP, after all, had to realize that they'd screwed the pooch going into the '08 elections, given their performance over the past 8 years.

Do I think anyone purposely collapsed the economy? Nope; I think sheer greed did it, aided greatly by deregulation and the end result of "trickle-down" economics, which have routinely been shown NOT to work, unless your stated goal is to shrink the middle class to enormously enrich the already-rich. If that's what you're after, tinkle-on economics is great.

Mike

A baby seal walks into a club...



The "On Fire" Economy -
The Dow closed at 10,587.60 on January 20, 2001, the day GW Bush took office. Eight years later, it closed below 8000 on the day he left office - a net loss of 25%. That's what conservatives call an economic "success".

---