Tilted Forum Project Discussion Community  

Go Back   Tilted Forum Project Discussion Community > The Academy > Tilted Politics


 
 
LinkBack Thread Tools
Old 08-04-2009, 01:43 PM   #481 (permalink)
Darth Papa
 
ratbastid's Avatar
 
Location: Yonder
Quote:
Originally Posted by filtherton View Post
Anyone who thinks success is solely the result of hard work is either ignorant or delusional.
Or employing scare-rhetoric to protect a privileged economic position.

It's the trailer-park Fox News watchers spouting this bullshit that I really feel bad for.
ratbastid is offline  
Old 08-04-2009, 05:38 PM   #482 (permalink)
Upright
 
Location: South Louisiana
Do you need a job Fitherton?
No Renka I am not anti tax, I think everyone should pay their share. I do not think taxing at different rates is fair. A flat tax would be fair. Everyone who earns money no matter how much or how little should be taxed at the same rate. Flat tax rate would be the only fair tax in my opinion.
Digbudro is offline  
Old 08-04-2009, 05:57 PM   #483 (permalink)
Who You Crappin?
 
Derwood's Avatar
 
Location: Everywhere and Nowhere
Quote:
Originally Posted by Digbudro View Post
Do you need a job Fitherton?
No Renka I am not anti tax, I think everyone should pay their share. I do not think taxing at different rates is fair. A flat tax would be fair. Everyone who earns money no matter how much or how little should be taxed at the same rate. Flat tax rate would be the only fair tax in my opinion.

I disagree, but that's for another forum
Derwood is offline  
Old 08-04-2009, 06:34 PM   #484 (permalink)
Junkie
 
filtherton's Avatar
 
Location: In the land of ice and snow.
Quote:
Originally Posted by Digbudro View Post
Do you need a job Fitherton?
I'll let you know about the job when I finish grad school.
filtherton is offline  
Old 08-04-2009, 07:02 PM   #485 (permalink)
Cunning Runt
 
Marvelous Marv's Avatar
 
Location: Taking a mulligan
Quote:
Originally Posted by ratbastid View Post
Personally, I'm in favor of stealing from the rich and giving to the poor. Consider the rich have been stealing from the poor for generations, I call that justice... There's a reason Robin Hood is thought of as a hero, and it ain't just his skill with a bow.

Not that I'm necessarily agreeing that that's what's happening here. But if it were, I wouldn't personally be sad about it.

Digbudro--where do you personally fall, economically, if you don't mind me asking? Are you among the rich you're afraid are going to get stolen from?

And if you don't mind me asking, aren't you the one who was saying you would deign to work for someone else, because your workload was so spotty? It isn't surprising that you would be willing to line up for money forcibly taken from people whose success you envy.

The funny part is how you support Obama, when he has given hundreds of billions to the very people you despise.
__________________
"The problem with socialism is that you eventually run out of other people's money."
Margaret Thatcher
Marvelous Marv is offline  
Old 08-05-2009, 04:05 AM   #486 (permalink)
Darth Papa
 
ratbastid's Avatar
 
Location: Yonder
Quote:
Originally Posted by Marvelous Marv View Post
And if you don't mind me asking, aren't you the one who was saying you would deign to work for someone else, because your workload was so spotty? It isn't surprising that you would be willing to line up for money forcibly taken from people whose success you envy.
That's one way to interpret my actions and what I said. Not an accurate way, but a way.

Quote:
Originally Posted by Marvelous Marv
The funny part is how you support Obama, when he has given hundreds of billions to the very people you despise.
I presume you're talking about the bank bailouts? Yeah, I'm not crazy about that. I see the necessity of it--unlike, I think, most on the other side of this debate, I'm able to see from a bigger picture than my own checkbook--but I wish it had been done with some harsher sanctions against the financial industry executives who steered the ship onto the rocks in the first place.

I think it's funny how you take what I said and cast it in charged, emotional terms. Suddenly there's a whole class of people I envy and despise. I never said any of that. But if that's how you have to put it so you understand it... You go right ahead.
ratbastid is offline  
Old 08-05-2009, 09:16 AM   #487 (permalink)
Junkie
 
Location: Right here
Well, that and the minor point that Obama didn't orchestrate the bank bailouts...
__________________
"The theory of a free press is that truth will emerge from free discussion, not that it will be presented perfectly and instantly in any one account." -- Walter Lippmann

"You measure democracy by the freedom it gives its dissidents, not the freedom it gives its assimilated conformists." -- Abbie Hoffman
smooth is offline  
Old 08-05-2009, 09:25 AM   #488 (permalink)
Junkie
 
aceventura3's Avatar
 
Location: Ventura County
Quote:
Originally Posted by smooth View Post
Well, that and the minor point that Obama didn't orchestrate the bank bailouts...
Obama is the "man" now. He needs to start acting like it. What is Obama doing as the banks continue to screw the American public? Why is he letting banks get away with it? He wants us to buy into all of these government programs, but they don't follow up on the programs they have. Short memories.


From my local paper's editorial page.

Quote:
Lenders failing to modify home loans
BofA, Wells among stragglers that need to provide more help.
Posted: Wednesday, Aug. 05, 2009

It doesn't take a math genius to see that there's something wrong with this picture. The rejuvenated banking industry – resuscitated by taxpayer bailout dollars – doles out billions in employee bonuses but is helping only a fraction of struggling homeowners avoid foreclosure.

That's what a new report from the Treasury Department reveals. As of July, only 15 of every 100 families eligible for a modification of their mortgage have been offered one. That's only about 400,000 homeowners. The remaining 2.3 million eligible are still sinking in financial quicksand, getting little or no help from lenders to avoid calamity.

That's outrageous. The government's foreclosure assistance offered real hope to distressed consumers, and by extension the communities where they lived. The program pledged cash incentives and subsidies to mortgage holders who would modify home loans.

But the program depended on the participation of lenders. The lenders who signed up aren't doing their part. Only 9 percent of eligible borrowers have gotten their mortgage payments reduced. Of the 38 banks and lending companies participating, 10 hadn't changed a single loan to help homeowners afford their payments.

Charlotte's big banks are among the stragglers. Bank of America modified just 4 percent of eligible loans. Wells Fargo modified just 6 percent. Wachovia, acquired by Wells Fargo last December, modified just 2 percent.

That's unacceptable.

A Wells Fargo spokesman admitted as much, acknowledging that the bank had “fallen short” and said it aimed to sign up borrowers and send out modification offers this week.

Both banks need to get cracking. Foreclosures can ripple through communities, lowering home values and sparking bankruptcies, joblessness and reduced tax revenues. All of us suffer when that happens. Banks and other lending institutions can play a critical role in staving off such disaster. But that means acting in the community's best interests as well as stockholders'.

The government shares blame for the problems. Officials didn't have the guidelines for the foreclosure program in place as quickly as they should have. They also haven't monitored it sufficiently to ensure that applicants aren't improperly rejected, as some housing advocates claim.

Federal officials must fix those problems, quickly. Any obstacles to lenders giving a helping hand to homeowners must be removed.

But BofA, Wells Fargo and others must do more, too. The number of foreclosures continues to rise. More than 1.5 million have been reported so far this year.

Some homeowners are so swamped in debt that they don't qualify for help, and many don't deserve it. But those who do qualify should have access to this program. Banks and other lenders must do their part to ensure that they do.
http://www.charlotteobserver.com/opi...ry/870166.html
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."

aceventura3 is offline  
Old 08-05-2009, 10:56 AM   #489 (permalink)
Junkie
 
Location: Right here
That article seems to be more upset about the general population not receiving handouts than the banks receiving them.

In any case, how is Obama to blame for the program lacking proper guidelines when the Bush administration set the program up and Congress was running around crazily claiming if they didn't act before December the entire economy would collapse?

What would him acting like "the man" entail? Doing whatever he wants regardless of how the program was initially designed before he was president without Congressional approval?

I'm not sure I understand your political philosophy. It seems to me that you would want a limited government, but when it comes to Obama and this bank loan program you want him to operate outside the bounds of Congressional and contractual limits constraining his power to do what he wants. How do you reconcile these kinds of disjunctions in your reasoning?
__________________
"The theory of a free press is that truth will emerge from free discussion, not that it will be presented perfectly and instantly in any one account." -- Walter Lippmann

"You measure democracy by the freedom it gives its dissidents, not the freedom it gives its assimilated conformists." -- Abbie Hoffman
smooth is offline  
Old 08-05-2009, 11:32 AM   #490 (permalink)
Darth Papa
 
ratbastid's Avatar
 
Location: Yonder
Quote:
Originally Posted by smooth View Post
How do you reconcile these kinds of disjunctions in your reasoning?
It's because Obama = Bad.
ratbastid is offline  
Old 08-05-2009, 11:41 AM   #491 (permalink)
Junkie
 
aceventura3's Avatar
 
Location: Ventura County
Quote:
Originally Posted by smooth View Post
That article seems to be more upset about the general population not receiving handouts than the banks receiving them.
The editorial board is known locally as notoriously left leaning.

Quote:
In any case, how is Obama to blame for the program lacking proper guidelines when the Bush administration set the program up and Congress was running around crazily claiming if they didn't act before December the entire economy would collapse?
Yes.

Quote:
What would him acting like "the man" entail? Doing whatever he wants regardless of how the program was initially designed before he was president without Congressional approval?
He is the establishment now, in my opinion he often still acts like he is a street protester. If he wants to do good for working people there are many simple and basic things that could be done, one being enforcing the loan modification program. The bank bailouts were a problem from the very beginning, most of us knew that, most of us thought government should give money directly back to the "people". If the program was set up inadequately (which as a candidate Obama said he was confident it met all of his requirements), he and Congress should change it, and do it now.

Quote:
I'm not sure I understand your political philosophy. It seems to me that you would want a limited government, but when it comes to Obama and this bank loan program you want him to operate outside the bounds of Congressional and contractual limits constraining his power to do what he wants. How do you reconcile these kinds of disjunctions in your reasoning?
I don't like getting screwed up the a$$, figuratively (never tried it literally and have no interest). My dislike of getting screwed up the a$$ is not a partisan issue. I don't like the fact that my tax dollars were given to banks, and then have these banks turn around and raise fees, credit card rates, cut credit limits, restrict access to credit, and in the case of some like Goldman - make record profits, and give out billions in bonuses. Where is the outrage!!! I don't get it.

---------- Post added at 07:41 PM ---------- Previous post was at 07:39 PM ----------

Quote:
Originally Posted by ratbastid View Post
It's because Obama = Bad.
Obama is "bad" for a reason in my book. I don't like bullshit artists, do you? Obama has not done a single thing for the average man since taking office. All his talk has been bullshit. All of it.
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."

aceventura3 is offline  
Old 08-05-2009, 12:10 PM   #492 (permalink)
Darth Papa
 
ratbastid's Avatar
 
Location: Yonder
Quote:
Originally Posted by aceventura3 View Post
Obama is "bad" for a reason in my book. I don't like bullshit artists, do you? Obama has not done a single thing for the average man since taking office. All his talk has been bullshit. All of it.
He brought Helen Thomas cupcakes in the White House Briefing Room for her birthday this morning. Does that count?
ratbastid is offline  
Old 08-05-2009, 01:00 PM   #493 (permalink)
Junkie
 
aceventura3's Avatar
 
Location: Ventura County
Quote:
Originally Posted by ratbastid View Post
He brought Helen Thomas cupcakes in the White House Briefing Room for her birthday this morning. Does that count?
The WH press group is a joke. Have you noticed Helen has not been able to ask a question since:

Quote:
Only this time, instead of demanding to know whether Obama was contradicting himself or bowing to pressures from the "right" or the "left," there was at least some inquiry into the efficacy of a commission itself. The sharpest line of questioning came from the veteran of the bunch, Helen Thomas, who demanded to know whether the president learned from history and labeled the White House's "look-forward-not-back" line Bush-esque.

From the transcript comes this exchange:

HELEN THOMAS: What's the President's decision today on a truth commission and doesn't he believe the history? Doesn't he believe you learn a lesson from history? Don't look back! I mean, what if we didn't look back to anything. What is this? ... That's a mantra left by the Bush Administration: never look back they don't want to repeat...

ROBERT GIBBS: Well let's not conflate the president's position on a commission with his understanding of Webster's definition of history. I think that might be, for somebody who enjoys history as much as he does, that might be a dangerous concept to enter into.

THOMAS: Why does he say don't look back?

GIBBS: Well because, Helen, there are important things that face this country right now, each and every day.

THOMAS: Doesn't he think he can learn from history?

GIBBS: We don't doubt that we can learn from history. But there's an economic crisis, there is a crisis in unemployment, there is a financial stability crisis, there is a home foreclosure crisis. There are any number of things that the president enumerated just the other day-
Story continues below

THOMAS: Nobody is asking him to focus on that, they are asking Congress to.

GIBBS: Well, but seemingly the White House's briefing of the time is taking up by what is the dominion of Congress....

THOMAS: Does he think that nobody should pay a price for the horror that we have gotten into?

GIBBS: The president, first and foremost and most importantly, has changed the policy of this country by which anybody who works for this government can act. History, I think, will be left to historians and we will leave it up to them. But I think it is important to understand that the most important step that was taken in all of this debate was to end once and for all the use of enhanced interrogation techniques by any member of this government
Helen Thomas Ridicules Obama Torture Investigation Stance With Bush Comparison

I am betting she would rather be professionally respected than to get cup cakes from a bull sitter, wouldn't you?
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."

aceventura3 is offline  
Old 08-05-2009, 02:38 PM   #494 (permalink)
 
dc_dux's Avatar
 
Location: Washington DC
Quote:
Originally Posted by aceventura3 View Post
The WH press group is a joke. Have you noticed Helen has not been able to ask a question since:



Helen Thomas Ridicules Obama Torture Investigation Stance With Bush Comparison

I am betting she would rather be professionally respected than to get cup cakes from a bull sitter, wouldn't you?
ace....wtf are you babbling about now?

I recall her asking questions about Sotomayer, the Iran elections......
__________________
"The perfect is the enemy of the good."
~ Voltaire
dc_dux is offline  
Old 08-05-2009, 03:21 PM   #495 (permalink)
Junkie
 
aceventura3's Avatar
 
Location: Ventura County
Quote:
Originally Posted by dc_dux View Post
ace....wtf are you babbling about now?

I recall her asking questions about Sotomayer, the Iran elections......
If true I stand corrected. I guess she got the message, hence the reward of cupcakes.
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."

aceventura3 is offline  
Old 08-05-2009, 04:49 PM   #496 (permalink)
Crazy, indeed
 
Location: the ether
Quote:
Originally Posted by aceventura3 View Post
Obama has not done a single thing for the average man since taking office. All his talk has been bullshit. All of it.
I like how your definition of "done" varies depending on the type of action. He "did" the bailout, but apparently he didnt do any of the provisions in the stimulus package, one or two of them Im quite sure are beneficial to the average man.
dippin is offline  
Old 08-05-2009, 04:59 PM   #497 (permalink)
Who You Crappin?
 
Derwood's Avatar
 
Location: Everywhere and Nowhere
So Obama didn't sign credit card reform? Didn't get harder regulation on the sale of tobacco products?
Derwood is offline  
Old 08-05-2009, 05:08 PM   #498 (permalink)
Junkie
 
aceventura3's Avatar
 
Location: Ventura County
Quote:
Originally Posted by dippin View Post
I like how your definition of "done" varies depending on the type of action. He "did" the bailout, but apparently he didnt do any of the provisions in the stimulus package, one or two of them Im quite sure are beneficial to the average man.
Next time I use hyperbole, I will clearly state it is being used.

Like right now - I am using hyperbole - the bailout benefited finance fat cats/union fat cats/pet patronage projects, while the unemployment rate sky-rockets, foreclosures continue to go through the stratosphere, small businesses close shop, and little puppies go unadapted.

---------- Post added at 01:08 AM ---------- Previous post was at 01:06 AM ----------

Quote:
Originally Posted by Derwood View Post
So Obama didn't sign credit card reform? Didn't get harder regulation on the sale of tobacco products?
Let me know when the difference between the interest rate on a savings account and a credit card is less than 20%.
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."

aceventura3 is offline  
Old 08-05-2009, 05:19 PM   #499 (permalink)
 
dc_dux's Avatar
 
Location: Washington DC
Obama signed the "credit card holders bill of rights" legislation in May.
Today, President Obama signs the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009, marking a turning point for American consumers and ending the days of unfair rate hikes and hidden fees.
The White House - Press Office - Fact Sheet: Reforms to Protect American Credit Card Holders

Campaign Promise - establish a credit card holders bill of rights
While it is not a perfect bill, there were no efforts at credit card reform by the previous administration and Congress.
Quote:
Originally Posted by aceventura3 View Post
Let me know when the difference between the interest rate on a savings account and a credit card is less than 20%.
ace....is it better than NO credit card reform at all?
__________________
"The perfect is the enemy of the good."
~ Voltaire

Last edited by dc_dux; 08-05-2009 at 06:12 PM..
dc_dux is offline  
Old 08-05-2009, 07:29 PM   #500 (permalink)
Darth Papa
 
ratbastid's Avatar
 
Location: Yonder
So Obama = Bad.

I got it, ace.
ratbastid is offline  
Old 08-06-2009, 08:31 AM   #501 (permalink)
Junkie
 
aceventura3's Avatar
 
Location: Ventura County
Quote:
Originally Posted by dc_dux View Post
ace....is it better than NO credit card reform at all?

And a poke in the eye is better than two pokes in the eye.

There is no doubt that many people are satisfied with what is coming from Washington, I am not one of them. The credit card reform legislation actually does very little to help people who are in the most need of help - if we are honest about people being held accountable for being irresponsible and taking excessive risks, I understand - but why not apply that same logic to the companies that got "bailed out"? I need to stop making a connection between companies getting billions of dollars in tax payer money to bail them out, while they screw the American public. It is clear the only people outraged are the ones who make that connection.

---------- Post added at 04:31 PM ---------- Previous post was at 04:23 PM ----------

Quote:
Originally Posted by ratbastid View Post
So Obama = Bad.

I got it, ace.
Perhaps indicating that you understand that there is a basis for my opinion would better indicate that you "got it", even if you disagree with my conclusion. For example with health care reform Obama is on tape saying he wants a single payer system, he is on tape saying it may take 5, 10 or 15 years to get there. Now the WH is saying people are taking his comments out of context, that he is a victim. Is that bullshit or what?

Should I start: Obama = Good. Leading people to infer that you should have no credibility in you comments about Obama because whatever he does will always be good to you? Would that be helpful? I can play games too, is that what we want?
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."

aceventura3 is offline  
Old 08-06-2009, 08:41 AM   #502 (permalink)
Junkie
 
Location: Right here
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.

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

Then it becomes clear you're not invested in discussing your opinion but really just engaging in illogical ravings.

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?
__________________
"The theory of a free press is that truth will emerge from free discussion, not that it will be presented perfectly and instantly in any one account." -- Walter Lippmann

"You measure democracy by the freedom it gives its dissidents, not the freedom it gives its assimilated conformists." -- Abbie Hoffman
smooth is offline  
Old 08-06-2009, 10:12 AM   #503 (permalink)
Junkie
 
aceventura3's Avatar
 
Location: Ventura County
Quote:
Originally Posted by smooth View Post
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.
If I did not answer your request for clarification, I am willing to revisit it - give me the post #.

Quote:
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
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?

Quote:
Then it becomes clear you're not invested in discussing your opinion but really just engaging in illogical ravings.
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.

Quote:
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?
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:

Quote:
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.
http://online.wsj.com/article/SB124951576916509361.html
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."


Last edited by aceventura3; 08-06-2009 at 10:19 AM..
aceventura3 is offline  
Old 08-06-2009, 11:31 AM   #504 (permalink)
Darth Papa
 
ratbastid's Avatar
 
Location: Yonder
Quote:
Originally Posted by aceventura3 View Post
Should I start: Obama = Good. Leading people to infer that you should have no credibility in you comments about Obama because whatever he does will always be good to you? Would that be helpful? I can play games too, is that what we want?
Dude. Don't even play that. I've been very vocal about the criticisms I have of Obama's first several months.

The difference between you and me is, I try to base my view on facts, and you try to base facts on your view.
ratbastid is offline  
Old 08-06-2009, 12:33 PM   #505 (permalink)
Junkie
 
aceventura3's Avatar
 
Location: Ventura County
Quote:
Originally Posted by ratbastid View Post
Dude. Don't even play that. I've been very vocal about the criticisms I have of Obama's first several months.

The difference between you and me is, I try to base my view on facts, and you try to base facts on your view.
This view presented here is based on fact? You know that I develop a view and then find facts to support it, that I do not base my point of view on facts first. The reality is that there are facts to support my views, and perhaps you simply don't like those facts.

It continues to amuse me to the degree that I will post something, even include some outside source or even some facts, and the focus turns to me rather than the issue presented. Reminds me of a technique commonly used by, shall we say - Obama. Regardless of the merits of a criticism, the people making the criticism are just so, so, mean and dishonest in the way they go about attacking our poor constantly attacked President. Obama is so, so misunderstood. Obama is such a victim, and then I have the nerve to subject the readers here to illogical rantings not based on facts. Ace=bad. I got it. So, how about those Cubs...sorry...White Sox?
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."

aceventura3 is offline  
Old 08-06-2009, 01:14 PM   #506 (permalink)
Darth Papa
 
ratbastid's Avatar
 
Location: Yonder
I'm reminded of something my father told me once. He said, "Son? Don't argue with crazy."

Sorry, Dad. Won't happen again.
ratbastid is offline  
Old 08-06-2009, 02:48 PM   #507 (permalink)
Degenerate
 
Aladdin Sane's Avatar
 
Location: San Marvelous
Quote:
Originally Posted by aceventura3 View Post
It continues to amuse me to the degree that I will post something, even include some outside source or even some facts, and the focus turns to me rather than the issue presented. Reminds me of a technique commonly used by, shall we say - Obama. Regardless of the merits of a criticism, the people making the criticism are just so, so, mean and dishonest in the way they go about attacking our poor constantly attacked President. Obama is so, so misunderstood. Obama is such a victim, and then I have the nerve to subject the readers here to illogical rantings not based on facts. Ace=bad. I got it. So, how about those Cubs...sorry...White Sox?
Ace, this is the way the screw turns in TFP Politics: I can't argue with your point, so I'll just call you names. "Crazy," for example. See how easy it is. I just won the debate.

It's brilliant that personal attacks are not condoned around here. Just brilliant.
__________________
Ceterum censeo Carthaginem esse delendam.
Aladdin Sane is offline  
Old 08-06-2009, 03:11 PM   #508 (permalink)
 
dc_dux's Avatar
 
Location: Washington DC
Quote:
Originally Posted by Aladdin Sane View Post
Ace, this is the way the screw turns in TFP Politics: I can't argue with your point, so I'll just call you names. "Crazy," for example. See how easy it is. I just won the debate.

It's brilliant that personal attacks are not condoned around here. Just brilliant.
I'm curious what points you think ace made about the credit card bill of rights legislation that Obama signed as not being in the interest of the "little guy"?

Nearly every consumer advocacy organization in the country praised the bill, despite the fact that it may not have gone far enough:
"This is probably the strongest piece of consumer legislation to pass Congress in a decade," said Travis Plunkett of the Consumer Federation of America.

"That's a big win," said Ed Mierzwinksi of US Public Interest Research Groups. "It gets rid of any 'gotcha" tricks."

"The bill picks up where the Fed's rules leave off, protecting all Americans from unjustified or excessive fees and stopping retroactive interest rate hikes that only bury struggling families in insurmountable debt..." said Lauren Saunders, Managing Attorney at the National Consumer Law Center.
Where's the beef in ace's bitching?
__________________
"The perfect is the enemy of the good."
~ Voltaire

Last edited by dc_dux; 08-06-2009 at 03:31 PM..
dc_dux is offline  
Old 08-06-2009, 03:14 PM   #509 (permalink)
Broken Arrow
 
Vigilante's Avatar
 
Location: US
I noticed something similar in the healthcare thread. I state a simple opinion and BAM! I get nailed. Totally came out of left field. Didn't see that coming at all. Guess I shoulda read more than the original post.

I also like how select questions that I ask are ignored. I ask about personal experience with the topic. Oh wait, the guy just got his stats off of google. Jeez....

I'll say (on topic) that I don't feel obama has done shit other than replace bush. Any inactive president could have replaced bush and been a better guy than the last. The market is moving in a natural flow it seems, rather than being pushed uphill by a presidential force.
__________________
We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.
-Winston Churchill
Vigilante is offline  
Old 08-06-2009, 03:17 PM   #510 (permalink)
 
dc_dux's Avatar
 
Location: Washington DC
Health care...what is it in the expansion of the S-CHIP program that Obama signed that Bush vetoed twice that extends health care to an additional 4 million children of working class families (but who do not receive health care benefits from employers) that is not helping "the little guy"?
__________________
"The perfect is the enemy of the good."
~ Voltaire

Last edited by dc_dux; 08-06-2009 at 03:20 PM..
dc_dux is offline  
Old 08-06-2009, 03:27 PM   #511 (permalink)
Junkie
 
filtherton's Avatar
 
Location: In the land of ice and snow.
Quote:
Originally Posted by Aladdin Sane View Post
Ace, this is the way the screw turns in TFP Politics: I can't argue with your point, so I'll just call you names. "Crazy," for example. See how easy it is. I just won the debate.

It's brilliant that personal attacks are not condoned around here. Just brilliant.
There used to be a sticky up top that informed folks that it was okay to call bullshit when you see it. That's how the screw turns here. It isn't personal- it's just that you can't tell someone that they're full of shit without referring directly to them.

This is a recurring problem with Ace, because he frequently pretends to lack the ability to either a) see causal links where they exist and/or b) not create causal links where none exist. So he cites information to back up his position that actually has nothing to do, or is only tangentially related to, his position. Then, when someone tries to reconcile this mismatch with him, he either pretends to not understand, reiterates his original position as if it still made sense, or says something else that is only tangentially related to the topic at hand.

It is a waste of time to argue with someone who seems to have such tenuous grasp of logic.

---------- Post added at 06:27 PM ---------- Previous post was at 06:26 PM ----------

Quote:
Originally Posted by dc_dux View Post
Health care...what is it in the expansion of the S-CHIP program that Obama signed that Bush vetoed twice that extends health care to an additional 4 million children of working class families (but who do not receive health care benefits from employers) that is not helping "the little guy"?
We're talking about feelings here, dc. Facts have little bearing.
filtherton is offline  
Old 08-07-2009, 06:51 AM   #512 (permalink)
Junkie
 
aceventura3's Avatar
 
Location: Ventura County
Quote:
Originally Posted by dc_dux View Post
I'm curious what points you think ace made about the credit card bill of rights legislation that Obama signed as not being in the interest of the "little guy"?
What about the point that the guy who is currently paying 20%+ , trying to do the right thing, is still paying 20%+? This is the same guy that may have been paying 10% a few months ago.

This is happening in an environment where these banks and get capital for 1% or less, they get billions in bailouts, the pay billions in bonuses, and one company in particular made record profits.

---------- Post added at 02:46 PM ---------- Previous post was at 02:39 PM ----------

Quote:
Originally Posted by dc_dux View Post
Health care...what is it in the expansion of the S-CHIP program that Obama signed that Bush vetoed twice that extends health care to an additional 4 million children of working class families (but who do not receive health care benefits from employers) that is not helping "the little guy"?
SChip is not new. How many more children are insured today than under Bush or what percentage? What about the net impact adjusting for increased regressive taxes to pay for the program.

Also, I already stated that the statement was hyperbole. One of the differences between me and you is that when I get called on using hyperbole or exaggerating to accentuate a point, I acknowledge it. Hyperbole or exaggeration aside, the primary point is still on the table, Obama is a bullshit artist - he says one thing to one group and will say the opposite to another - he creates false choices - he hedges his comments to provide cover for whatever actually happens....

---------- Post added at 02:51 PM ---------- Previous post was at 02:46 PM ----------

Quote:
Originally Posted by filtherton View Post

This is a recurring problem with Ace, because he frequently pretends to lack the ability to either a) see causal links where they exist and/or b) not create causal links where none exist. So he cites information to back up his position that actually has nothing to do, or is only tangentially related to, his position. Then, when someone tries to reconcile this mismatch with him, he either pretends to not understand, reiterates his original position as if it still made sense, or says something else that is only tangentially related to the topic at hand.
Mostly, when I ask a specific followup question, it does not get a direct answer or is completely ignored.

Like now, I am going to ask you to direct me to a specific example that illustrates what you are talking about. Just give me a thread and a starting post #.


Quote:
We're talking about feelings here, dc. Facts have little bearing.
Is this an exaggeration to accentuate a point or a bit of hyperbole?
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."

aceventura3 is offline  
Old 08-07-2009, 10:24 AM   #513 (permalink)
 
dc_dux's Avatar
 
Location: Washington DC
Quote:
Originally Posted by aceventura3 View Post
What about the point that the guy who is currently paying 20%+ , trying to do the right thing, is still paying 20%+? This is the same guy that may have been paying 10% a few months ago.

This is happening in an environment where these banks and get capital for 1% or less, they get billions in bailouts, the pay billions in bonuses, and one company in particular made record profits.
.....

SChip is not new. How many more children are insured today than under Bush or what percentage? What about the net impact adjusting for increased regressive taxes to pay for the program.
This is exactly the point filtherton was making when he noted:
This is a recurring problem with Ace, because he frequently pretends to lack the ability to either a) see causal links where they exist and/or b) not create causal links where none exist. So he cites information to back up his position that actually has nothing to do, or is only tangentially related to, his position. Then, when someone tries to reconcile this mismatch with him, he either pretends to not understand, reiterates his original position as if it still made sense, or says something else that is only tangentially related to the topic at hand.
You consistently display an unwillingness or inability to acknowledge anything positive of any legislation or policy that does not conform with your pre-disposed ideology.

Instead you attempt to make the case in some convoluted manner that because such legislation or policies may not be perfect or go far enough (often because of Republican opposition), the good things they accomplish in helping the "little guys" are failures of Obama, the "bullshit artist."
__________________
"The perfect is the enemy of the good."
~ Voltaire

Last edited by dc_dux; 08-07-2009 at 10:30 AM..
dc_dux is offline  
Old 08-07-2009, 04:30 PM   #514 (permalink)
Junkie
 
filtherton's Avatar
 
Location: In the land of ice and snow.
Quote:
Originally Posted by aceventura3 View Post
Mostly, when I ask a specific followup question, it does not get a direct answer or is completely ignored.

Like now, I am going to ask you to direct me to a specific example that illustrates what you are talking about. Just give me a thread and a starting post #.
Here. http://www.tfproject.org/tfp/tilted-...ml#post2580359

See also: many other posts in that thread.

The short version is that you attempted use a single point of data as evidence for the existence of a trend. You can't do this and expected to be taken seriously. That's like using today's local high temperature alone as evidence that it is cooler today than it was yesterday. Without rereading the whole thread, it seemed like you were under the impression that the fact that you know people who wouldn't send their kids to a Chicago public school meant that Obama's choice for Secretary of Education did nothing to improve the schools while he was in charge of them. While it quite possibly might be true that the dude in question did not do anything to improve the Chicago Public School System, your basis for believing that he did nothing to improve the Chicago Public School System was erroneous. When I pointed your faulty reasoning out to you, you just restated it. Then you left me hanging.

This type of thing is fairly common and I would scare up more examples if I thought it would make any sort of difference. But it doesn't because in the end, you're going to read the evidence however the hell you want to and believe whatever the hell you want to believe. And this isn't even to single you out, because many other folks here do the exact same thing regardless of which side of the aisle they happen to reside on.

Quote:
Is this an exaggeration to accentuate a point or a bit of hyperbole?
Nope. See the third to last sentence in post #509.

Or this:
http://www.tfproject.org/tfp/tilted-...-nom-op-5.html

Where certain folks *knew* that Obama was just hankerin to keep the white man down via his supreme court nominee...

Last edited by filtherton; 08-07-2009 at 05:56 PM..
filtherton is offline  
Old 08-08-2009, 12:35 PM   #515 (permalink)
Who You Crappin?
 
Derwood's Avatar
 
Location: Everywhere and Nowhere
FiveThirtyEight: Politics Done Right: Obama Has Cut Taxes for 98.6 Percent of Working* Households**
Derwood is offline  
Old 08-10-2009, 10:34 AM   #516 (permalink)
Junkie
 
aceventura3's Avatar
 
Location: Ventura County
Quote:
Originally Posted by filtherton View Post
Here. http://www.tfproject.org/tfp/tilted-...ml#post2580359

See also: many other posts in that thread.

The short version is that you attempted use a single point of data as evidence for the existence of a trend.
You have to be kidding. The Chicago public school system is generally a failure and has been for decades. This is common knowledge. Obama did not send his children to Chicago Public Schools. The Chicago school system is administratively top heavy, union dominated, and has an above acceptable level of incompetent teachers. Certainly there are some good schools and many successes, but on a whole anyone with real choice would not choose to send a child they love to a Chicago Public school. If you don't accept that, I suggest going to Chicago and spend a day talking to students, parents, concerned citizens, and those who moved out of the city because of the schools. I understand why we can not have a real serious discussion, we seem to exist in alternative realities. This is a recurring theme.

---------- Post added at 06:34 PM ---------- Previous post was at 06:25 PM ----------

Quote:
Originally Posted by dc_dux View Post
You consistently display an unwillingness or inability to acknowledge anything positive of any legislation or policy that does not conform with your pre-disposed ideology.
Given limited time, what is the value in using it to point out what I like about a piece of legislation? My nature is to focus on what needs improvement.

{added}

Here is the latest Chicago Public School issue, wonder how long this has been going on and I wonder who is actually surprised:

Quote:
August 4, 2009 from WBEZ

A scandal is rocking Chicago's public school system. Federal investigators are among those looking into the city's elite public schools. The investigation suggests there is more to the admissions process than just the lottery that several thousand students enter each year. There are allegations parents use their clout to get their kids into certain schools.
http://www.npr.org/templates/story/s...27067&ft=3&f=3
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."


Last edited by aceventura3; 08-10-2009 at 10:53 AM..
aceventura3 is offline  
Old 08-10-2009, 11:09 AM   #517 (permalink)
Darth Papa
 
ratbastid's Avatar
 
Location: Yonder
Quote:
Originally Posted by aceventura3 View Post
My nature is to focus on what needs improvement
Hunh! Your nature changed radically on January 20, 2009.
ratbastid is offline  
Old 08-10-2009, 12:12 PM   #518 (permalink)
Junkie
 
aceventura3's Avatar
 
Location: Ventura County
Quote:
Originally Posted by ratbastid View Post
Hunh! Your nature changed radically on January 20, 2009.
If you check, my support of Bush was mostly for the Iraq war, straight talk and tax cuts. I did not support his bailout, inability to control excessive government spending, and certain things like his support of excise taxes on steel. On some other issues like the AG firings, Plame, executive power - I simply understood his actions and was surprised by the victim mentality coming from Democrats, especially those with political power. I saw those issues as more a commentary on the critics than on Bush. Bush seemed to know he was in a fight, Democrats did not.
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."

aceventura3 is offline  
Old 08-10-2009, 05:33 PM   #519 (permalink)
Junkie
 
filtherton's Avatar
 
Location: In the land of ice and snow.
Quote:
Originally Posted by aceventura3 View Post
You have to be kidding. The Chicago public school system is generally a failure and has been for decades. This is common knowledge. Obama did not send his children to Chicago Public Schools. The Chicago school system is administratively top heavy, union dominated, and has an above acceptable level of incompetent teachers. Certainly there are some good schools and many successes, but on a whole anyone with real choice would not choose to send a child they love to a Chicago Public school. If you don't accept that, I suggest going to Chicago and spend a day talking to students, parents, concerned citizens, and those who moved out of the city because of the schools. I understand why we can not have a real serious discussion, we seem to exist in alternative realities. This is a recurring theme.
Yes, and? You're proving my point. The fact that Chicago Public Schools may or may not suck is irrelevant. You argued that Obama's choice for Secretary of Education, Arne Duncan,a was a bad choice because he had done nothing to improve the Chicago Public School System while he was in charge of it. The basis of your lack of faith in his efforts to improve the school system? That none of your friends would send their kids to a Chicago Public School and that Chicago Public Schools are poorly rated.

Nevermind that Chicago is notoriously corrupt or that even noncorrupt teachers unions are notorious cock-blockers when it comes to any sort of systematic change that doesn't preserve or enhance the slice of power they've managed to carve out for themselves. Nevermind that some test scores have improved, or that he (Arne Duncan) supports merit-based pay. Nope. You know some people who wouldn't send their kids to a Chicago Public School so clearly Arne Duncan sucks and hasn't done anything to improve Chicago Public Schools. Chicago Schools are bad right now, so Arne Duncan has never done anything to improve them.
filtherton is offline  
Old 08-11-2009, 11:32 AM   #520 (permalink)
Junkie
 
aceventura3's Avatar
 
Location: Ventura County
Quote:
Originally Posted by filtherton View Post
Yes, and? You're proving my point. The fact that Chicago Public Schools may or may not suck is irrelevant. You argued that Obama's choice for Secretary of Education, Arne Duncan,a was a bad choice because he had done nothing to improve the Chicago Public School System while he was in charge of it.
I think my point was that it was a patronage choice and had less to do with objective qualifications in terms of results than with the two being "buddies", or the "Chicago way". I acknowledged that the choice was well educated and qualified. I was clear in saying that I would have chosen someone who actually got some results or who lead a successful school system. So, I am not even sure you understood the point I was making, and you did not seem to ask for clarification.
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."

aceventura3 is offline  
 

Tags
obama, performance


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -8. The time now is 09:41 PM.

Tilted Forum Project

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0 PL2
© 2002-2012 Tilted Forum Project

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360