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Originally Posted by smooth
Well, I'm not sure what you want. I asked for clarification on a few points in your commentary and you answered each question with a non sequitor. I don't know if you were trying to be absurd or if you believe you were answering the questions, but it seems to me that anyone else reading them would just think you're playing games.
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If I did not answer your request for clarification, I am willing to revisit it - give me the post #.
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Pointing out the content of an article you linked doesn't say anything about what you're using it for and your response is that the editorial board is left-leaning.
When I ask you "How..." and you respond with "Yes."
"Explain this discrepancy" by talking about being fucked in the ass
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Perhaps I don't understand your point.
There are people who are eligible for the program who have not taken action.
There are people who took excessive risks and got themselves into a bad situation.
And, there are people who simply do not qualify. If that is a given, it still does not change the fact that financial institutions have taken advantage of the tax payer. They are being overtly defiant given billions in bonuses paid, and in some cases posting record profits. This is happening under a president who ran on the notion that he is going to look out for the little guy. Some people won't even try to get the help they qualify for because of pride or misinformation. This is happening under a president who is a great communicator, and has had more press conferences/town hall meetings/etc., than any president in my life time - he could influence people to act. CEO's of financial firms testify at hearings and get a verbal thrashing, but then go back and raise fees/interest rates/restrict credit/increase foreclosure activity and lay people off.
So, tell me - what is your point about the editorial board?
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Then it becomes clear you're not invested in discussing your opinion but really just engaging in illogical ravings.
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Of course I am illogical to you, just as you are illogical to me. I am totally confused by your lack of outrage. I am totally confused that you don't understand my point. I am totally confused how you fail to see that Obama is a bullshit artist.
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What's our responsibility to take the lunatic on the street corner seriously?
That's what you appear to be acting like...so why would you be surprised if people just politely mollify you and move on?
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You make your choices. If I am the only one with my views I am easy to not take seriously. If I am not, if I were you I would want to understand the illogical ravings. the choice is yours - the red pill or the green?
{added}
Here is somthing to chew on when you get your next credit card bill. From today's WSJ:
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By LIAM PLEVEN and AARON LUCCHETTI
Wall Street banks and lawyers could collect nearly $1 billion in fees from the Federal Reserve Bank of New York and American International Group Inc. to help manage and break apart the insurer, according to a Wall Street Journal analysis.
That would represent one of Wall Street's biggest paydays -- four times the fees paid to break up AT&T Corp. in 1996, and nearly double those paid for Visa USA's 2008 initial public offering, the largest U.S. IPO ever.
The federal government's bailout of AIG has left it with a nearly 80% ownership stake. The government has a multiyear plan to recoup the more than $100 billion in taxpayer money it put at risk in the rescue.
Wall Street banks and lawyers could collect nearly $1 billion in fees from the Federal Reserve Bank of New York and AIG to help manage and break apart the insurer.
The plan requires hiring firms to handle public offerings of some AIG units and outright sales of others, to manage some toxic AIG assets, and for other tasks.
Among the biggest beneficiaries is Morgan Stanley, which has earned about $10 million assisting the Fed, but could collect as much as $250 million from various AIG-related deals, according to some banking experts and documents released by the New York Fed. Goldman Sachs Group Inc., Bank of America Corp. and J.P. Morgan Chase & Co. have all gotten assignments in recent months to help dismantle AIG.
To calculate the possible fee total, The Wall Street Journal tallied estimated fees for deals already struck and others AIG is planning or considering or may have to pursue in the future. Thomson Reuters and Freeman & Co. provided fee estimates on some deals. Documents from the New York Fed indicate typical fee arrangements for various types of deals under consideration. The Journal used those figures, along with estimates of potential deal sizes, to help calculate the possible total.
The actual fees could run higher or lower than $1 billion, depending on which deals AIG pursues, how those deals are structured, market conditions, and how successful the government is at extracting itself from its ownership stake, among other things. AIG's restructuring could take years, adding another level of uncertainty.
The situation puts the government in the potentially uncomfortable position of employing some of the same firms it regulates. In theory, actions the government takes in connection with those firms, for example, could affect how effective the firms are at handling their AIG assignments.
"I'm confident we can separate the two" issues, said a spokesman for the Treasury.
More
AIG shares surged 63% to close at $22 on Wednesday in New York Stock Exchange trading, ahead of its second-quarter earnings report on Friday.
Harvey Golub, former head of American Express Co., has been offered the position of chairman at American International Group, although it's unclear if he will take the job, says a person familiar with the matter.
Mr. Golub wasn't reached for comment, and an AIG spokeswoman didn't comment. Mr. Golub recently joined AIG's board.
AIG is planning two IPOs of multibillion-dollar insurance subsidiaries, is weighing a third, and is steadily selling off small units with the assistance of investment banks. The fee pool for all three IPOs could reach $570 million, documents released by the New York Fed indicate.
AIG and the New York Fed, which helps oversee the government's ownership stake in AIG, are paying BlackRock Inc. to manage more than $35 billion of the insurer's toxic assets.
AIG is preparing to offer investors shares in a major Asian life insurance unit, American International Assurance Co., early next year.
That initial public offering could raise more than $5 billion. Morgan Stanley and Deutsche Bank have been hired as lead underwriters.
Each bank could pocket nearly $45 million in fees, according to documents released by the New York Fed.
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http://online.wsj.com/article/SB124951576916509361.html