Moderators: pompeiisneaks, Colossal
That's just nuts. They should be headed to prison with a tattoo on their forehead that says..............I'm a CROOK.Tubetwang wrote:
The guys running my wife's Teacher's Union pension plan lost 40 billions this year and are not accounted for...
They might get a bonus for all we know...
I saw that and pointed it out to my old girlfriend. Then she sent me this.Structo wrote:I'm telling you guys, it's high time for a revolt.
Did you see Bernanke (the Fed) being asked the other day where the TARP money went. He would not answer or could not say, where it all went!!!!
WE ARE TALKING ABOUT BILLIONS OF DOLLARS!!!!
WTF??
It's the biggest fraud ever perpetrated on the citizens of the USA.
Tom, I realize in the larger scheme of things that not receiving a tax refund in a timely manner is just a small inconvenience compared to the major crisis many Americans are facing.Structo wrote:
I told my wife about the OP being told that they could not pay his refund due to lack of funds.
She was dumbfounded. She is originally from San Jose though so, nothing in California really surprises her.
, but it's that larger scheme of things that fueled my ranting and magnified the tax refund issue. For pete's sake, I read an article that stated illegal imigration cost Californica 17 billion dollars last year in handouts. Our schools have to teach classes in about 80 different languages. We have Americans loosing their homes and Caboomo bails out the banks, who can't account for the funds given them. How many of those bank executives homes are in foreclosure? Look at all the money spent and soldiers lives lost on Iraq. They have lots of oil over there. heck, we should get free gas until they pay us back. But anyway, I'm ranted out, so take care.
That's not fair to the new administration. They've inherited this mess, not created it. In an effort to be real with the American public they aren't going to sugar coat it like the last President did.Structo wrote: Every time Obama or Geitner open their mouths the DOW drops 200 points.
So if the stock market has no confidence in what the new administration is doing, what does that say?
Uncle Jim's final hours:Structo wrote:Keep drinking the Kool Aid
This has appeared to be the root of the problem to me for years. I call it the .........pull up the ladder Jack, I'm aboard attitude. I'm curious to see how the "mechanics" repair that. I don't believe for a minute our manufaturing is going to China for humanitarian reasons. Do you?Southbay Ampworks wrote: 5) The greed of the American public itself for looking for huge increases in their stock portfolio based on the lies above, and the "Get rich quick, screw the other guy, it's all about me!" attitude.
I saw that Nova show...Southbay Ampworks wrote:That's not fair to the new administration. They've inherited this mess, not created it. In an effort to be real with the American public they aren't going to sugar coat it like the last President did.Structo wrote: Every time Obama or Geitner open their mouths the DOW drops 200 points.
So if the stock market has no confidence in what the new administration is doing, what does that say?
If you want to blame somebody, blame the greedy bankers, the guys on Wall Street who painted rosy pictures for investors all the time betting/hoping/praying that real estate would continue to rise and the insurance carriers would pay off on all of their over leveraged stocks, etc.
There was a very brutally honest hour long program on PBS Nova 3-4 weeks back. They went over this whole mess from start to finish. By the time it was over you knew who to blame...
1) GWBs administration that allowed deregulating the banking industry.
2) The bankers looking for more $$$ from wherever they could for their stockholders.
3) The idiot consumers who looked to flip homes for a profit in 1-2 years, although they knew they couldn't afford home loans based on sub prime payments that converted to regular ones after 1-5 years if they didn't.
4) The insurance carriers that trusted these bankers and consumers to insure them/pay off on credit swap losses based on the lies of the banks and Wall Street.
5) The greed of the American public itself for looking for huge increases in their stock portfolio based on the lies above, and the "Get rich quick, screw the other guy, it's all about me!" attitude.
This whole thing has been a house of cards for years, just waiting to tumble. Now that it's here, it's not surprising that folks are pissed off that the merry go round is busted. The problem is that this type of ride always comes to an end, they have to fix it, then it starts up again.
The one constant I've seen in 50 years on the planet is this... "If you don't remember history, then you're doomed to repeat it."
Only this time it's more widespread. Tighten your belts, folks, the ride isn't going to be operational again for a few years while we pay the mechanics to fix it.
