http://www.bloomberg.com/apps/news?pid=20601039&sid=aMVoNGXSye_w&refer=home obama has been single handed tanking the stock market..and its not going to get any better from here...
i told you obama is a retard...
- Thread starter max420thc
- Start date
medicineman
New Member
Duhhhhhh, stoping payouts to shareholders of failed business practice stocks, I think that's called, "Common Sense", something you, Max, lack bigtime. Why should shareholders of tanked banking stocks get one fucking dime, you puts your money down and takes your chances. I have a real hard time feeling sorry for rich shareholders that aren't going to get their dividends.
misshestermoffitt
New Member
"Banks have traditionally paid hefty dividends. In the years before the onset of the subprime mortgage crisis, payouts by Bank of America Corp., for instance, yielded about 3 percent to 4 percent of the company’s stock price and grew steadily. "
This statement means that for years investors have been receiving above average return for their investments. Instead of the banks stashing some of that money away for a rainy day, they doled it all out as paychecks. That is a bad business decision, now isn't it? It's raining like a motherfucker and they gave all their umbrellas away.
"Obama -- not unreasonably -- will order the Treasury Department to limit dividends paid by commercial banks and investment banks that receive “exceptional assistance” from the government to “de minimis amounts.” "
This means, that when the banks turn a profit, they aren't allowed to hand every cent of it over to investors, they're being FORCED to save some back for a rainy day. It's the same thing as if a person on welfare went out and bought a new hummer, wouldn't you be asking WTF?
I've seen the house one of the bank presidents in my town lives in, he's filed for bankruptcy twice in the last 25 years. He could move to a house that is 1/3 of the size of the one he's in now and still have more space than I have, but he can't do that, no way. That means he's dining at the trough and then having his debt written off. No wonder the banks are in trouble.
How is Obama behind the stock market tanking again? I read the article and all I saw was that the fat cats are going to have to deal with being a little less fat. I doubt any bank investor is going to end up homeless.
This statement means that for years investors have been receiving above average return for their investments. Instead of the banks stashing some of that money away for a rainy day, they doled it all out as paychecks. That is a bad business decision, now isn't it? It's raining like a motherfucker and they gave all their umbrellas away.
"Obama -- not unreasonably -- will order the Treasury Department to limit dividends paid by commercial banks and investment banks that receive “exceptional assistance” from the government to “de minimis amounts.” "
This means, that when the banks turn a profit, they aren't allowed to hand every cent of it over to investors, they're being FORCED to save some back for a rainy day. It's the same thing as if a person on welfare went out and bought a new hummer, wouldn't you be asking WTF?
I've seen the house one of the bank presidents in my town lives in, he's filed for bankruptcy twice in the last 25 years. He could move to a house that is 1/3 of the size of the one he's in now and still have more space than I have, but he can't do that, no way. That means he's dining at the trough and then having his debt written off. No wonder the banks are in trouble.
How is Obama behind the stock market tanking again? I read the article and all I saw was that the fat cats are going to have to deal with being a little less fat. I doubt any bank investor is going to end up homeless.
TheBrutalTruth
Well-Known Member
Miss, this entire argument is fails to address the primary problem with the banks. The problem isn't that the banks are handing out profits. The problem is that they are allowed to continue operating under the Fractional Reserve System (which is fraudulent) instead of being forced to operate under a Full Reserve System (which would be honest.)
medicineman
New Member
Whatever system they are operating under seems to only be working for them. It is time for those investors and management to pay the piper. They lost billions, then they got billions, our tax money. Why should investors and managers be paid bonuses and dividends with our tax money. Shithead managers that caused the failures should be sent packing and investors should eat shit untill those banks pay back every penny of taxpayer money. That is the facts of the situation. I'm sure though, the solution will be much different and all those managers will be kept and given bonuses and investors will get reduced dividends, the rich rule and this is a rich mans game.
misshestermoffitt
New Member
First they got millions in salary and bonus checks, then they claimed to have lost billions (how much money would they have stashed away if their salary and bonus checks were cut back by half), now they're getting millions of our tax dollars, while raising the price of the fees we have to pay.
Check by phone fee $8.00 before bailout $20.00 after bailout. Thanks for shafting me twice big banking system.
Check by phone fee $8.00 before bailout $20.00 after bailout. Thanks for shafting me twice big banking system.
collectselltrade
Well-Known Member
i agree, they just know there is more and will get it, and we pay for it, and then they lend it to us at a high intrest rate we the people....smart huh. give each tax payer 25 grand, they will spend , every one wins!!!!!!!!oh wait then the goverment worker would be like us the common people!
misshestermoffitt
New Member
It's time for politicians to get paid minimum wage. Let's take away their expense accounts and stop paying them when they leave office. Bush is still going to get paid 200 thousand dollars per year until he dies, and then if his wife lives, she gets the paycheck. I dare say that with a welfare system in place, they can live without that check. If they are broke, they can apply for foodstamps, good enough for you and I, good enough for them.
OregonMeds
Well-Known Member
Did the op even reference the right link or read the article? Whoever wrote that was clearly for it and it all makes sense, contrary to you posting it. If you want to claim otherwise you should have chosen a different spin from a different writer.
bradlyallen2
Well-Known Member
Your lack of understanding of the dynamics that have caused this economic crisis is rather stunning. Given your apparent lack of aptitude for complex cognition I am surprised you survived childhood.http://www.bloomberg.com/apps/news?pid=20601039&sid=aMVoNGXSye_w&refer=home obama has been single handed tanking the stock market..and its not going to get any better from here...
medicineman
New Member
Bush is far from being Broke. He has millions if not billions in a trust account set up for him years ago. his daddy is a billionaire you know. Him and Laura were on Larry King acting like poor little them, all they had was this measley trust fund and they didn't even know how much was in it. I guess they will barely get by with those millions, plus the measly 200K per year. That 200K will probably barely pay "W"s bar and Cocaine bill.
misshestermoffitt
New Member
I know they are far from being broke which makes his continued salary a mystery with the current budget conditions. I wonder how much money could be saved by cutting off the pay of ex presidents, their spouses, and ex congress. I bet it would make a dent anyway.......
why do people buy stock?..uh..to make money maybe? if there is no money to be made in holding the stock.then the stock is worthless and the company it represents is worthless.incase you didnt notice..i know..its hard for a oregon socialist to understand..but the US GOVERNMENT HAS BEEN GIVING TRILLIONS OF YOUR DOLLARS AWAY TO BANKS THAT ARE FAILING...correct? yea..im right ..im always right..its my job to be right..what happens when you make a company worthless..no one but the american tax payer will invest into it..now everyone of the banks we just gave money to are back asking for more money..so far your socialist schemes arnt working out to well for the american economy...oh yea..the banks are asking for money..fannie mae and freddie mac are asking for more money..the construction industry is asking for more money..and larry fucking flint wants to know where his bail out money is also..after all.he is important in this economy..he hires alot of people..how much bailing out do you want to do? not allowing banks to pay dividends is like fucking putting a gun in your own mouth and pulling the trigger...
misshestermoffitt
New Member
You keep forgetting who made this mess.
medicineman
New Member
There was a time I read your posts with interest, that time has passed. You are just another jerkwater right wing hypocrite, slamming everything possible. I can't get passed the first senternce in your ramblings without wanting to kick you right dead in your ass. You are a selfish selfcentered monoglot, writing in the language of hate.why do people buy stock?..uh..to make money maybe? if there is no money to be made in holding the stock.then the stock is worthless and the company it represents is worthless.incase you didnt notice..i know..its hard for a oregon socialist to understand..but the US GOVERNMENT HAS BEEN GIVING TRILLIONS OF YOUR DOLLARS AWAY TO BANKS THAT ARE FAILING...correct? yea..im right ..im always right..its my job to be right..what happens when you make a company worthless..no one but the american tax payer will invest into it..now everyone of the banks we just gave money to are back asking for more money..so far your socialist schemes arnt working out to well for the american economy...oh yea..the banks are asking for money..fannie mae and freddie mac are asking for more money..the construction industry is asking for more money..and larry fucking flint wants to know where his bail out money is also..after all.he is important in this economy..he hires alot of people..how much bailing out do you want to do? not allowing banks to pay dividends is like fucking putting a gun in your own mouth and pulling the trigger...
ANC
Well-Known Member
And his grandaddy was Hitler's banker.... these guys know about hiding money...
i know exactly who created this mess......THE FEDERAL RESERVE......and all the cronies associated with it....like barrack obama....
