Concentration camps (Page 7): I don't have it to give I lost all my play money in 2008 to the wall street investment bank s**mmers and the wife wouldn't allow me to risk a penny of our...

Nickolai

Fit2BTied wrote:

And by your own admission you played the game well. Aren't you feeling like you should Bill Gates it and give a lot of it back? Didn't think so. You'd rather blow it up. Like I said. You put yours up for the future and then pull up the ladder. But by all means tell us how we should allow the government (and the elite) to control things so we can all eat from the same pot of gruel. KTFPOMA.

I don't have it to give I lost all my play money in 2008 to the wall street investment bank s**mmers and the wife wouldn't allow me to risk a penny of our savings Our youngest daughter lost her home in a short sale. But she holds a B of A in nursing science and makes a good salary her husband died in Sept 2008 at age 51 and the economy crashed in Oct. His union pension had lost half its value before she could cash out and she lost her investment in the home some of the enduring qualities of Capitalism a system of winners and loosers

Nickolai

Bcon wrote:

Everything Obama did was for his own enrichment, legal or illegal. He went into office with a hell of a lot less than he left with. Greed personified.

Yes but he made it with his $400,000 salary and royalties from his books and investments. He had a trust managing his money. He sold a lot of books and made his money honestly

Seth

Nickolai wrote:

I don't have it to give I lost all my play money ... (show quote)

Actually, the root of that crash was the mortgage fiasco. Do some homework and you'll learn that the mortgage fiasco was the result of... Tada! (Give us a drum roll here) ... another of the Democrats' social engineering "projects."

Go figure.

Fit2BTied Loc: Texas

Nickolai wrote:

I don't have it to give I lost all my play money ... (show quote)

2008 hurt many of us. Different degrees is all. Sorry for your daughter's loss of her husband but she sounds resilient. But put me on the side of winners and losers rather than the one with no incentive to achieve. I mean if we're all going to get a squeeze from the government teet every so often why should I try to do or be anything more than a consumer of resources?

America 1 Loc: South Miami

Fit2BTied wrote:

Sorry. I'm certain you're referring to that egomaniac Obama. Every time he speaks he casts another v**e for himself in the I/ME/MINE Hall of Fame. I stand by my assertion and you've done nothing to refute it.

Barack Obama refers to himself a record-breaking 392 times in Berlin speech.
https://www.washingtonexaminer.com/news/barack-obama-refers-to-himself-a-record-breaking-392-times-in-berlin-speech

Bcon

Nickolai wrote:

Yes but he made it with his $400,000 salary and royalties from his books and investments. He had a trust managing his money. He sold a lot of books and made his money honestly

Dream on. For the amount that he came out ahead he would have to be a financial genius who never missed a call on the market. Even yo would have to know that. No one is right every time in the market unless they have prior knowledge of the right stocks.

Fit2BTied Loc: Texas

America 1 wrote:

Barack Obama refers to himself a record-breaking 392 times in Berlin speech.
https://www.washingtonexaminer.com/news/barack-obama-refers-to-himself-a-record-breaking-392-times-in-berlin-speech

I saw that story. Just one of MANY examples of the narcissistic egomaniac.

America 1 Loc: South Miami

Bcon wrote:

Dream on. For the amount that he came out ahead he would have to be a financial genius who never missed a call on the market. Even yo would have to know that. No one is right every time in the market unless they have prior knowledge of the right stocks.

Yeah, according to Nickolai it's conservatives only with that characteristic.

Seth

Bcon wrote:

Dream on. For the amount that he came out ahead he would have to be a financial genius who never missed a call on the market. Even yo would have to know that. No one is right every time in the market unless they have prior knowledge of the right stocks.

There was his cut from the Uranium One deal, for instance... I mean, if Hillary and the Podestas (even Mueller, who delivered the uranium sample) were making a bunch of lucre, you know da boss was getting his.

Nickolai

Seth wrote:

Actually, the root of that crash was the mortgage fiasco. Do some homework and you'll learn that the mortgage fiasco was the result of... Tada! (Give us a drum roll here) ... another of the Democrats' social engineering "projects."

Go figure.

No it wasn't that's a right wing myth. Th loans made through the Community re investment act fell with into the regulatory environment, the causes of the housing bubble fell outside the regulatory environment. Two tocicit ingreadients that would be ke yfactors in Americas 2008 tailspin had come together ; A preoccupation with financial enfgineering aimed atenablingever moe agressive betting on paper instrumentshad combined with still more engineering that allowed facilitating the bets to avoid accountability for the risks they were creating--risks that wold have consequences far beyond the financial community. The Financil hero this time was Blyth Masters a twenty five year old, Cambridge educated banker in JP Morgan's London. In 1994Masters invente the Credit Default Swap or ( CDS ) A CDS is a derivitive--a security that derives its value from the value of something else. Tasked for finding new products for J P Morgan Masters focused on holders of securities for whom a default would be like the price of jet fuel going up---something they wanted to insure against. Suppose someone could swap that risk with someone else by paying the other party to assume that risk, just the way ahmeowner pays an insurance company to assume the risk on their house.

Masters and her colleges quickly saw the possibility of a larger market--a mass market in billion dollar products. Soon they were brokering deals for insuring mortgage backed securities or (MBS's linking buyers who held MBS's and wanted to buy insurance against defaults, and sellers who were willing to be paid as little as a fraction of 1 % of the paper valueof all the billions of dollars of payments due on the mortgages in return for the MBS holders against the risk. AIG emerged as the biggest CDS player of all.
For AIG it was better tha actual insurance, because real insurance is regulated. Insurance companies are required to prove using actuarial tables that gauge risk, that they have the funds to available to pay off a life insurance or homeowner policy. A CDS was was not cnsidered insurance by any regulators who could have interceded, in part because, until lit was too late, none of then appreciated the volume of the bets being made. So with with no reserves required all of it could be counted as profit. It was found money that seemed to be dropping from the sky. In 2008 AIG got the biggest bail out $182 billion which it used to pay off the winnng bets and other investors that bought its CDS's to cover their MBS defaults that AIG had not reservedthe money to pay for all the MBS defaults.

While Masters and JPMorgan were launching CDS in 1994 Congress under a sustained lobbying campaign buy their contributers in the finance industry was completing the unraveling of restrictions on the size of banks that had been put in place following the Great Depression. A nw federal statutes to merge and to operate branches in all 50 states. By 2005 the 10 largest banks had 61 percent market share compared to 21 percebt in 1960 this made the conseqences of their failure from their bets on MBS and CDS that much greater. The looening of these restraints meant they were becomming giant corporations that neeed to win big bets in big markets to move the needle. In 1999 Bill Clinton signed the repeal of1933 Glass Stegall Act and in 2000 the ban on government oversite of derivitives trading and the table was set. Every thing the finiancial services industry had yearned for sinse the reforms of the 1930's was noe complete and the fuse on the bomb was burnning

Seth

Nickolai wrote:

No it wasn't that's a right wing myth. Th loans made through the Community re investment act fell with into the regulatory environment, the causes of the housing bubble fell outside the regulatory environment. Two tocicit ingreadients that would be ke yfactors in Americas 2008 tailspin had come together ; A preoccupation with financial enfgineering aimed atenablingever moe agressive betting on paper instrumentshad combined with still more engineering that allowed facilitating the bets to avoid accountability for the risks they were creating--risks that wold have consequences far beyond the financial community. The Financil hero this time was Blyth Masters a twenty five year old, Cambridge educated banker in JP Morgan's London. In 1994Masters invente the Credit Default Swap or ( CDS ) A CDS is a derivitive--a security that derives its value from the value of something else. Tasked for finding new products for J P Morgan Masters focused on holders of securities for whom a default would be like the price of jet fuel going up---something they wanted to insure against. Suppose someone could swap that risk with someone else by paying the other party to assume that risk, just the way ahmeowner pays an insurance company to assume the risk on their house.

Masters and her colleges quickly saw the possibility of a larger market--a mass market in billion dollar products. Soon they were brokering deals for insuring mortgage backed securities or (MBS's linking buyers who held MBS's and wanted to buy insurance against defaults, and sellers who were willing to be paid as little as a fraction of 1 % of the paper valueof all the billions of dollars of payments due on the mortgages in return for the MBS holders against the risk. AIG emerged as the biggest CDS player of all.
For AIG it was better tha actual insurance, because real insurance is regulated. Insurance companies are required to prove using actuarial tables that gauge risk, that they have the funds to available to pay off a life insurance or homeowner policy. A CDS was was not cnsidered insurance by any regulators who could have interceded, in part because, until lit was too late, none of then appreciated the volume of the bets being made. So with with no reserves required all of it could be counted as profit. It was found money that seemed to be dropping from the sky. In 2008 AIG got the biggest bail out $182 billion which it used to pay off the winnng bets and other investors that bought its CDS's to cover their MBS defaults that AIG had not reservedthe money to pay for all the MBS defaults.

While Masters and JPMorgan were launching CDS in 1994 Congress under a sustained lobbying campaign buy their contributers in the finance industry was completing the unraveling of restrictions on the size of banks that had been put in place following the Great Depression. A nw federal statutes to merge and to operate branches in all 50 states. By 2005 the 10 largest banks had 61 percent market share compared to 21 percebt in 1960 this made the conseqences of their failure from their bets on MBS and CDS that much greater. The looening of these restraints meant they were becomming giant corporations that neeed to win big bets in big markets to move the needle. In 1999 Bill Clinton signed the repeal of1933 Glass Stegall Act and in 2000 the ban on government oversite of derivitives trading and the table was set. Every thing the finiancial services industry had yearned for sinse the reforms of the 1930's was noe complete and the fuse on the bomb was burnning

No it wasn't that's a right wing myth. Th loans ... (show quote)

Go back a little farther, why don't you? Try Jimmy Carter on for size as the pioneer of the entire thing.

Your copy & paste is only a part of the story...

Happy hunting.

Bcon

Nickolai wrote:

No it wasn't that's a right wing myth. Th loans made through the Community re investment act fell with into the regulatory environment, the causes of the housing bubble fell outside the regulatory environment. Two tocicit ingreadients that would be ke yfactors in Americas 2008 tailspin had come together ; A preoccupation with financial enfgineering aimed atenablingever moe agressive betting on paper instrumentshad combined with still more engineering that allowed facilitating the bets to avoid accountability for the risks they were creating--risks that wold have consequences far beyond the financial community. The Financil hero this time was Blyth Masters a twenty five year old, Cambridge educated banker in JP Morgan's London. In 1994Masters invente the Credit Default Swap or ( CDS ) A CDS is a derivitive--a security that derives its value from the value of something else. Tasked for finding new products for J P Morgan Masters focused on holders of securities for whom a default would be like the price of jet fuel going up---something they wanted to insure against. Suppose someone could swap that risk with someone else by paying the other party to assume that risk, just the way ahmeowner pays an insurance company to assume the risk on their house.

Masters and her colleges quickly saw the possibility of a larger market--a mass market in billion dollar products. Soon they were brokering deals for insuring mortgage backed securities or (MBS's linking buyers who held MBS's and wanted to buy insurance against defaults, and sellers who were willing to be paid as little as a fraction of 1 % of the paper valueof all the billions of dollars of payments due on the mortgages in return for the MBS holders against the risk. AIG emerged as the biggest CDS player of all.
For AIG it was better tha actual insurance, because real insurance is regulated. Insurance companies are required to prove using actuarial tables that gauge risk, that they have the funds to available to pay off a life insurance or homeowner policy. A CDS was was not cnsidered insurance by any regulators who could have interceded, in part because, until lit was too late, none of then appreciated the volume of the bets being made. So with with no reserves required all of it could be counted as profit. It was found money that seemed to be dropping from the sky. In 2008 AIG got the biggest bail out $182 billion which it used to pay off the winnng bets and other investors that bought its CDS's to cover their MBS defaults that AIG had not reservedthe money to pay for all the MBS defaults.

While Masters and JPMorgan were launching CDS in 1994 Congress under a sustained lobbying campaign buy their contributers in the finance industry was completing the unraveling of restrictions on the size of banks that had been put in place following the Great Depression. A nw federal statutes to merge and to operate branches in all 50 states. By 2005 the 10 largest banks had 61 percent market share compared to 21 percebt in 1960 this made the conseqences of their failure from their bets on MBS and CDS that much greater. The looening of these restraints meant they were becomming giant corporations that neeed to win big bets in big markets to move the needle. In 1999 Bill Clinton signed the repeal of1933 Glass Stegall Act and in 2000 the ban on government oversite of derivitives trading and the table was set. Every thing the finiancial services industry had yearned for sinse the reforms of the 1930's was noe complete and the fuse on the bomb was burnning

No it wasn't that's a right wing myth. Th loans ... (show quote)

Nicholai, go back and look opupmth Dodd Frank Act and it’s consequences. Buss tried to get it stopped but was rebuffed about 17 times. That act and it’s failures was the main cause of the bursting housing bubble that caused the recession? Both of your hero’s, Carter and Clinton, pushed the banks to lend money on a sliding scale to underfunded minorities and white people, probably knowing that when the mortgage rates increased, they would lose their properties. Great for a short while, but tragic in the long run. You can throw your left wing bullcrap all you want, but it came to pass almost as a planned fiasco.

TrueAmerican

Kevyn wrote:

The I***t Pumpkinfuhrer met with aids yesterday to discuss wether he could order the US military to build and run concentration camps in the American Southwest. He wants the concentration camps to hold refugees seeking asylum. He was furious when told that this would very likely highly illegal. How were the decent people in Germany conned into going along with their nationalist government in the thirties? Hitler didn’t even have FOX news, just Joseph Goebbels.

Ignorance is it inherited or sought out ??????

Larry the Legend Loc: Not hiding in Milton

eagleye13 wrote:

For those disenchanted with BOTH parties.

son of witless

Trooper745 wrote:

Naw, .... he just needs to wait until they get good on brain t***splants. He knows the difference between the horrible concentration camps and the attempt to humanely hold i******s while processing them. His extreme TDS controls his warped thinking.

Kevyn is prone to slight exaggerations.