We're Getting Our Money Back!!!

the government announced last week that there would be a pay cap on the executives of companies who resorted to a government bailout because their companies were failing. the cap was 500,000 dollars per year, not exactly chump-change.....the exception to the rule applies to companies that have paid the government back the 'loans'...

Citigroup and WellsFargo quickly reacted...

by paying back the loans within 1 week of the announcement of the new regulations.... 20billion for citigroup, 25 billion for WellsFargo.... and I thought these companies were struggling?? struggling to make the year-end bonuses for the board.....

500k a year, are you fucking nuts?? do you think these greedy mo'fo's can live on 500k a year??

i guess the old rule still applies:

if you want them to notice you, hit 'em where it hurts....

in this case, the wallet....

american greed at its finest.....

i don't care how much bankers make if they make it legitimately. they definitely don't though. either way, they shouldn't have been bailed out in the first place.

no its kinda hard to justify paying "income taxes" when these bastards are getting handouts like this.....im sorry but if you need that kind of money to keep a busniess afloat, you failed...........its that simple... should not be awarded with billions for mismanaging a busniess........makes me sick.

redivider said:

the government announced last week that there would be a pay cap on the executives of companies who resorted to a government bailout because their companies were failing. the cap was 500,000 dollars per year, not exactly chump-change.....the exception to the rule applies to companies that have paid the government back the 'loans'...

Citigroup and WellsFargo quickly reacted...

by paying back the loans within 1 week of the announcement of the new regulations.... 20billion for citigroup, 25 billion for WellsFargo.... and I thought these companies were struggling?? struggling to make the year-end bonuses for the board.....

500k a year, are you fucking nuts?? do you think these greedy mo'fo's can live on 500k a year??

i guess the old rule still applies:

if you want them to notice you, hit 'em where it hurts....

in this case, the wallet....

american greed at its finest.....

Click to expand...

500k a year isn't much to an exec used to pulling down $20 million a year. It costs a lot to keep the yacht and lear jet running. Vacation homes aren't cheap either. Let's not forget all of the luxury items and trips to exotic and far away places. 500k might keep some of these guys goin' for about a couple of weeks. They have to keep bringing in the big $$ in order to maintain their lifestyle.

No money ever comes back from the Govt.

It's a one way street.

Obama is now going to try and vilify wall street and the banks ... again. It won't work a second time.

The American ppl are on to him.

actually a lot of banks paid the government back the loans, so the cap on salaries doesn't affect them.

i believe citigroup absorbed a 7 billion+ dollar loss.... it happened, it's not a fantasy....

The banks paid the money back because they read the fine print. Obama was fighting them in the beginning saying the govt. wouldn't accept the money back. Can you imagine that? Powah.....

The bank losses occurred because of the govt. then the govt. says they can save them.... it's laughable if it wasn't so damaging to everyone.

Thanks Govt.!!

Yah, we should give them more control and $$$$ .... right.

i'm not defending anything.... they paid back the loans so the 500k salary cap limit wouldn't be there anymore.

i know it's bullshit, i'm just putting it out there.

i've been hell of busy lately so i haven't kept up with the forum or the news as i did a few months back....

CrackerJax said:

Obama is now going to try and vilify wall street and the banks ... again. It won't work a second time.

Click to expand...

Seeing as how this is the "Business Section" of the boards I would like to point out what Cracker means by this.
Obama is becoming best friends with Paul Volcker, the head of the FED before Greenspan (79 - 87 if I remember right) - The Bernanke of the FED in the past. He was known for his tight control of the banks. While this sounds good, considering the banks have the majority of the fingers being pointed at them as the instigators of our financial "crisis," Obama is choosing to side with someone who's policies are out of date, and more importantly not applicable to our current situation. Volcker is known for criticizing banks for making investments outside of their normal ways of creating $$ (loans + interest, etc.). When I said his policies are not applicable, it's because the bank's investments did not draw us into this recession. Rather, it was because they were encouraged to provide loans for people, who in hindsight should not have been provided loans in the first place. Basically Obama has dug up a relic from the past in order to fix a problem that cannot be fixed with Volcker's policies, because the problem did not stem from bank's investments, but rather from the loans they provided to their clients.

What this means for the market -
If anyone noticed, on Wed, Thurs, and Fri of last week the stock market dropped over 100, over 100, and then over 200 all because Obama introduced Volcker and his plan to enact his ancient policies. Obama is sticking his hand into companies investments, and indirectly the market. If his plan goes through, expect to see the market drop and the banks to drop even more.

This is just a cliff-note version of what's happening and I'm sure more "economically savvy" individuals can add to/correct anything I said.

The only folks pointing fingers at the banks ... is the govt.

So no one points it at them.

One need only look at the govt. to see who caused the meltdown.

Playing politics with real estate did all of this.

Wall street is Washington and Washington is wall street.

No, Washington wants to own wall street. Wall street just wants to be left alone.

Which one built the nation? Wall street did.

CrackerJax said:

One need only look at the govt. to see who caused the meltdown.

Click to expand...

I couldn't have said it better myself. It was Dubya and the rest of the Re-puke-icants.

Have a nice day.

Wow, just print "i'm not informed" on ur t shirts and save everyone some trouble. Bush went to Congress no less than 17 times to get them to reign in Fred & Fannie Mac ... response from the DEM Congress was always... what, no problem, shuffle off.

You can delude urself, that's ur option, but don't pee down my back and tell me it's raining.

The liberal agenda has brought us this meltdown...... they are the prime culprits.

So all the banks may be paying back all their debt but what about all the direct relief comming from the white house? This seems like it would balaence the 2 out, the people people are buying out the government in the banking aspect, but the government is investing in the people.

I also herd from a guy that works in home matience, like heating/ac, electrical, he claims that obama is creating a plan where if you own a home you can take a out a loan through the governemnt which adds a tax to your home untill you can pay the loan ( or if you have the money pay for it). By doing this the government sends what he says to be a team of "raiders" (he claims to be going to school to become one) they go in and improve things like your electric efficentcy. Now specifics on the program im not sure of nor have i looked into it.
So now the government is yet agian buying out the people.

I guess the OP has missed the fact that we the ppl aren't getting ANYTHING back at all. Obama & Co. now want to divert the bank money payback and spin it back out again through the SBA.

One problem.... it's entirely unconstitutional. One more nail in the coffin of a democracy.

I thought I would never live through a worse Presidency than Carter....but I'll now have to admit.... this Administration has surpassed Carter ineptness.

there are no limits to the stupidity of the american people. maybe they are waking up.
if one were to ask themselfs how banks who just one year ago(making bad loans the government made them give to people who could not pay it back)were insolvent on the verge of going under just one year latter are making record profits paying back trillions of dollars.
what is going on is the federal reserve has given your money through the back door around congress(without congress so much as uttering a word)(unconstitutional) bought up all the bad assets and loans at the tune of 5 TRILLION DOLLARS(50 K dollars per american family)you the idiot tax payer will pay for all the bad loans guys like chris dodd and barney frank MADE the banks give out. in a free market economy if you make a bad bet and lose money tough shit..in a socialist/marxist /fascist /progressive/ government the slaves(us tax payers)if you make a bad bet and you have buddies in congress then the tax payers take the loss and pay the bill.it would b e like me and you going to las vegas..me making a bad bet with my your money and telling you tough crap..you lost..but when i win..i get to keep the profit and pay you back your money you loaned me to make the bet with.
this country has changed in the last year..we are now a communist country without a doubt ran by a cabal of evil politicians and bankers.
for the folks in here who keep blaming bush you need to pull your head out of your ass..you have been getting screwed by both partys for like ever.
NAFTA was the beggining of the end.
the amount of money the federal reserve and us government are spending right now will junk the currency.
our money will be completely worthless when the dust settles. our trade deff.s have been killing this country for years..
buying gold or better yet silver right now will store your purchasing power for the not to distant future when the paper dollars you have are almost worthless.
expect civil unrest in US ..there is no way around it. we are broke and to top it off our money is being junked completely to pay for debts the US government can not afford.
just so everyone knows...we WERE a republic...not a democracy.this will be a HARD TOUGH FIGHT TO GET THIS COUNTRY BACK.

Iron said:

Seeing as how this is the "Business Section" of the boards I would like to point out what Cracker means by this.
Obama is becoming best friends with Paul Volcker, the head of the FED before Greenspan (79 - 87 if I remember right) - The Bernanke of the FED in the past. He was known for his tight control of the banks. While this sounds good, considering the banks have the majority of the fingers being pointed at them as the instigators of our financial "crisis," Obama is choosing to side with someone who's policies are out of date, and more importantly not applicable to our current situation. Volcker is known for criticizing banks for making investments outside of their normal ways of creating $$ (loans + interest, etc.). When I said his policies are not applicable, it's because the bank's investments did not draw us into this recession. Rather, it was because they were encouraged to provide loans for people, who in hindsight should not have been provided loans in the first place. Basically Obama has dug up a relic from the past in order to fix a problem that cannot be fixed with Volcker's policies, because the problem did not stem from bank's investments, but rather from the loans they provided to their clients.

What this means for the market -
If anyone noticed, on Wed, Thurs, and Fri of last week the stock market dropped over 100, over 100, and then over 200 all because Obama introduced Volcker and his plan to enact his ancient policies. Obama is sticking his hand into companies investments, and indirectly the market. If his plan goes through, expect to see the market drop and the banks to drop even more.

This is just a cliff-note version of what's happening and I'm sure more "economically savvy" individuals can add to/correct anything I said.

Click to expand...

i liked reading this. it makes complete sense

CrackerJax said:

Wow, just print "i'm not informed" on ur t shirts and save everyone some trouble. Bush went to Congress no less than 17 times to get them to reign in Fred & Fannie Mac ... response from the DEM Congress was always... what, no problem, shuffle off.

You can delude urself, that's ur option, but don't pee down my back and tell me it's raining.

The liberal agenda has brought us this meltdown...... they are the prime culprits.

Click to expand...

it is to my understanding that the essence of liberalism is toleration of different beliefs and of different ideas as to what constitutes a good life.
if this is so, i need to be schooled on how it affects us, because i always thought of myself as a liberal.
and i didnt look at it as a negative.
my business game is not up to par.

max420thc said:

there are no limits to the stupidity of the american people. maybe they are waking up.
if one were to ask themselfs how banks who just one year ago(making bad loans the government made them give to people who could not pay it back)were insolvent on the verge of going under just one year latter are making record profits paying back trillions of dollars.
what is going on is the federal reserve has given your money through the back door around congress(without congress so much as uttering a word)(unconstitutional) bought up all the bad assets and loans at the tune of 5 TRILLION DOLLARS(50 K dollars per american family)you the idiot tax payer will pay for all the bad loans guys like chris dodd and barney frank MADE the banks give out. in a free market economy if you make a bad bet and lose money tough shit..in a socialist/marxist /fascist /progressive/ government the slaves(us tax payers)if you make a bad bet and you have buddies in congress then the tax payers take the loss and pay the bill.it would b e like me and you going to las vegas..me making a bad bet with my your money and telling you tough crap..you lost..but when i win..i get to keep the profit and pay you back your money you loaned me to make the bet with.
this country has changed in the last year..we are now a communist country without a doubt ran by a cabal of evil politicians and bankers.
for the folks in here who keep blaming bush you need to pull your head out of your ass..you have been getting screwed by both partys for like ever.
NAFTA was the beggining of the end.
the amount of money the federal reserve and us government are spending right now will junk the currency.
our money will be completely worthless when the dust settles. our trade deff.s have been killing this country for years..
buying gold or better yet silver right now will store your purchasing power for the not to distant future when the paper dollars you have are almost worthless.
expect civil unrest in US ..there is no way around it. we are broke and to top it off our money is being junked completely to pay for debts the US government can not afford.
just so everyone knows...we WERE a republic...not a democracy.this will be a HARD TOUGH FIGHT TO GET THIS COUNTRY BACK.

Click to expand...

so i'm not too familiar or savvy with economics or politics, you guys know any good books i can pick up?




maybe i'm smokin some bomb shit, but because of this post, i kinda feel like changing my views on a lot of issues.

i get the discussion, i'm just confused about the bigger picture.


its to my understanding that the economy does its thing regardless of whos in office. please correct me if i'm wrong.

ImTheFireMan said:

it is to my understanding that the essence of liberalism is toleration of different beliefs and of different ideas as to what constitutes a good life.
if this is so, i need to be schooled on how it affects us, because i always thought of myself as a liberal.
and i didnt look at it as a negative.
my business game is not up to par.







so i'm not too familiar or savvy with economics or politics, you guys know any good books i can pick up?




maybe i'm smokin some bomb shit, but because of this post, i kinda feel like changing my views on a lot of issues.

i get the discussion, i'm just confused about the bigger picture.


its to my understanding that the economy does its thing regardless of whos in office. please correct me if i'm wrong.

Click to expand...

Okay....first...there are so many books on economics and politics.... but I will say this much. Start reading anything written by THOMAS SOWELL. Perhaps the smartest man in America today, and can break complex issues down into simpler terms that all can fathom.

Liberalism defines itself, but not accurately. Like anything on Earth, liberalism has changed over the years and is a SHADOW of its former self. Liberals USED to be anti communist....but no more. That's quite a degree shift in thinking and indicates they are not anchored in principle.

Basically a President has great sway on the DIRECTION a country takes, but it depends on many factors....one of them being how functional and friendly the Congress is to their ideas.

Right now Obama has had EVERYTHING go his own way.... but his direction is entirely incorrect from the desires of the people. This is being reflected in the polls and in EVERY election since he's held the office.

Don't be a liberal. Don't be a conservative. Just be informed by data....and not emotion or political spin.

When someone tells you they hate Bush/Obama ... that person is on one of the lowest rungs of thinking... and is EASILY manipulated by spin.

I don't hate Obama... I didn't hate Bush. I did disagree with some of Bush's policies...but I also knew that Bush truly loved this country and anything he did was in making darn sure we stayed protected. Obama has some of the worst policy ideas (not his own perhaps...which is even worse) I've seen in all my days. He has it exactly backwards... Obama cannot break free from the spin himself ... and now we are back to a low rung President like Carter. Both are naive....which can affect all levels of the intelligent quotient.

Follow the money, not the promise. Follow the actions, not the words. Where those two intersect.... action & money ... lies the real truth of ANY issue.

Read Thomas Sowell...... and have your horizons expanded.

http://www.shadowstats.com/
a real unemployment rate of 21%. great depression levels. government and federal reserve spending is the only thing propping up the economy right now. when they stop spending..or raise interest rates it will collapse . sooo they will print more money causing the money to become worthless...see marc faber..jim rogers on utube.
we have a real inflation rate of 6% the government says its three and they are giving themselfs raises ..buying new luxury jets with our money and no one on social security gets a raise.
that means they are going to starve when inflation hits ten twenty ..and many estimates have it as high as 40%.good books to read. the declaration of independence the constitution bill or rights the federalist and anti federalist papers (another good book george washington in his own words.
ANY of americas founding fathers writings im a big fan of ben franklin .
the economy does not do its thing no matter who is in office. in a free market economy..or even in a socialist economy..(why socialism never works) is people do what is in their best interest.
one person competes with another to bring goods and services (sometimes labor) to market the cheapest most efficient way..with the highest quality product for price.
in the over all scheme of things the USA competes with mexico china japan and other countrys around the world..who ever can bring their goods to market cheapest best fastest wins.
when you have a heavy oppressive tax system. environmental /labor laws unions those jobs factorys take the path of least resistance..it is toooooo expensive to make goods in the USA because of of mostly government regulations..LOTS OF THEM..and TAX..the companys under lobbied congress to pass laws like NAFTA and GATT and permanent most favored nation trade status with china..BOTH dems and republicans done this. passed these trade agreements knowing it was going to destroy the industrial base of the USA..a guy named Ross Perot told them it was going to happen..guess what...it happened. the policys of congress and the president control the economy of the country. just for a example we have built no new oil refinery's in the US in 30 years. the ones we have are getting old and some of them are closing down...they are moving them to asia..millions of jobs lost because of these idiots .trillions lost in trade deff.
this country is rich as hell...we could dig our way out of this mess in a couple of years if someone with a brain were running the country..or several someones..
we have coal..we have thousands of years of oil reserves. nope cant drill for it..we have shell oil that can be converted to fuel..(done in ww2 germany and still done in south africa)all of these things equate to good paying jobs exporting our energy while we build nuke plants here for cheap power(obama to his credit for one thing..other than spending 54 billion of our dollars to do it is pushing ahead with nuke power plant plans.
we can generate more food than anyone else in the world..and they all need it with exploding world populations.we create 2/3 of the worlds patents and like 85% of the worlds new drug patents.if we got rid of government corruption we could have this country back on track pretty fast.