Replies to post #411543 on Zeev's Turnips Talk Politics (ZTTP)

[User-65225]

New LOD...weeeeeeeeeeeee... Not even a dead cat bounce?

Hurry everyone! Lets pass the next bill AS FAST AS POSSIBLE!..

Read it?!? Are you kidding?!?.... There is no time to read it!!!... WE NEED THIS $$$$ NOW!!!!... Polosi says its a great plan, thats good enough for me!

[dropdeadfred]

doesn't the last admin deserve any blame?

"Whatever happened to the law (Title 12, Sec. 1831o) mandating that banking regulators take "prompt corrective action" to resolve any troubled bank? The law mandates that the administration place troubled banks, well before they become insolvent, in receivership, appoint competent managers, and restrain senior executive compensation (i.e., no bonuses and no raises may be paid to them). The law does not provide that the taxpayers are to bail out troubled banks. Treasury Secretary Paulson and other senior Bush financial regulators flouted the law. (The Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS) are both bureaus within Treasury.) The Bush administration wanted to cover up the depth of the financial crisis that its policies had caused."

http://market-ticker.denninger.net/archives/837-The-Underlying-Fraud-In-Banking.html

[Rawnoc]

Tracking the Obama market breakdown...

Since November 4, 2008:

2805

DJIA points lost since Obama was elected.

-29.1% IN LESS THAN 4 MONTHS


(credit to Knowledge is King for this scale)

[sortagreen]

Did Obama cause AIG to lose nearly $62 billion last quarter?