Another Reason we Need a Change in the White House

FredHayek wrote: But what motive would the bankers have in creating a huge recession?

You still don't get it, do you... The bankers DON'T CARE about "recession" or not. They are motivated by situational, opportunistic, immediate-gratification GREED . Recession is just a "by-product", and they don't worry about it because they know that the profits are private, and the losses are public...They'll be picked up by the taxpayers.

Many of the bankers in Eastern Europe lost everything but often you are right. When Mexico collapsed years ago the Feds bailed out the American banks who had loaned Mexico money. Not too shabby right? Charge high interest on high risk loans but turns out to be no risk loans thanks to your government buddies. And a very bipartisan way to do business

You can take "your government buddies" and shove it up your a**... It wasn't on OUR watch... And whether it was or not, they're not "my government buddies."

"Your government buddies" didn't mean yours. It meant the financiers cozy relationship with the beltway boys. Like the way retired congressmen and senators find luçrative jobs on Wall Street. Example: Corzine.

Democracy4Sale wrote: You can take "your government buddies" and shove it up your a**... It wasn't on OUR watch... And whether it was or not, they're not "my government buddies."

OH, how can we forget that on your watch everything was peaches and roses.

Yeah, as opposed to two unnecessary wars, a Trillion dollar's worth of unpaid-for tax-cuts, a $750-billion unpaid-for drug-benefit, the attack of 9/11, another Trillion in Security/TSA expenditures because of 9/11; torture, warrantless searches and domestic spying....and the worst recession since the Great Depression, with 750,000-800,000 jobs/month being lost...

Yeah, actually everything has been MUCH better since the last buffoon's watch was over.

Not really. More people are unemployed now than when Obama took office. Barack's death spiral. Households have lost 37000 dollars since he was inaugurated.

FredHayek wrote: Not really. More people are unemployed now than when Obama took office.

Actually, that tiresome talking point has been shown to be a lie... But as BB says, "You keep swingin', kid..."

FredHayek wrote: But what motive would the bankers have in creating a huge recession? Or did they not realize it was all going to collapse? Some of the right wing militia believe the Bilderberg types will bring down the economy to gain financially but too often chaos like that will result in the powers that be losing their wealth and possibly their heads. Royals being dethroned after WWI and II. Capitalists in eastern Europe losing their fortunes etc. Maybe it is a little bit of it won't happen to me.

Who now owns all of the property that has been foreclosed on? Who got paid the FULL amount of those loans in addition to anything they made when selling those properties? How many people know that this even happened?

towermonkey wrote:

FredHayek wrote: But what motive would the bankers have in creating a huge recession? Or did they not realize it was all going to collapse? Some of the right wing militia believe the Bilderberg types will bring down the economy to gain financially but too often chaos like that will result in the powers that be losing their wealth and possibly their heads. Royals being dethroned after WWI and II. Capitalists in eastern Europe losing their fortunes etc. Maybe it is a little bit of it won't happen to me.

Who now owns all of the property that has been foreclosed on? Who got paid the FULL amount of those loans in addition to anything they made when selling those properties? How many people know that this even happened?

Some did pay the ultimate price like some smaller banks and Lehmann Brothers IIRC.