[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 488: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 112: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 112: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 112: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 112: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 112: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/functions.php on line 4762: Cannot modify header information - headers already sent by (output started at [ROOT]/includes/functions.php:3897)
[phpBB Debug] PHP Warning: in file [ROOT]/includes/functions.php on line 4764: Cannot modify header information - headers already sent by (output started at [ROOT]/includes/functions.php:3897)
[phpBB Debug] PHP Warning: in file [ROOT]/includes/functions.php on line 4765: Cannot modify header information - headers already sent by (output started at [ROOT]/includes/functions.php:3897)
[phpBB Debug] PHP Warning: in file [ROOT]/includes/functions.php on line 4766: Cannot modify header information - headers already sent by (output started at [ROOT]/includes/functions.php:3897)
Seattle Bubble Forum Archive • View topic - The consolidation of political power during the "Bailout Era

The consolidation of political power during the "Bailout Era

How will housing affect the US and world economy? How will the economy affect housing?

Moderators: synthetik, The Tim, Lake Hills Renter

The consolidation of political power during the "Bailout Era

Postby lannypoffo » Sun Mar 22, 2009 12:58 pm

Interesting article from Rolling Stone about the continuing consolidation of political power by former wall street bankers during our current "Bailout Era".



It will be interesting to see how closely Geitner's bank cleanup plan to be announced tomorrow follows the actions taken during previous "waves" of the bailout.

My inclination is also lies along the lines of "why are these the guys architecting the recovery - aren't they the ones that got us into this mess to begin with?". also agree ( about 9:20 in the video).

Lanny
lannypoffo
Bubble Watcher
 
Posts: 42
Joined: Sun Nov 04, 2007 10:34 am

Re: The consolidation of political power during the "Bailout Era

Postby SeattleMoose » Mon Mar 23, 2009 11:32 am

"People are pissed off about this financial crisis, and about this bailout, but they're not pissed off enough. The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d'état. They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations."

Bingo...we have a winner!!! Bankster elites meeting in secret for years plotting every move of their multi-decade power grab.

Get used to the word folks.....CONSPIRACY.

You have all been trained to cringe when you hear the word.

You have all been taught to say only...."Bah, Bah, Bah".

Guess who is behind your "training"..... :twisted:
SeattleMoose
Bubble Bloviator
 
Posts: 225
Joined: Sun May 06, 2007 7:26 am

Re: The consolidation of political power during the "Bailout Era

Postby rose-colored-coolaid » Mon Mar 23, 2009 9:03 pm

rose-colored-coolaid
Bubble Banter Boss
 
Posts: 1978
Joined: Mon Jun 18, 2007 10:26 am

Re: The consolidation of political power during the "Bailout Era

Postby Charles Dean » Tue Mar 24, 2009 8:20 am

As a good friend and client told me once, "you see Charles, we're not interested in making money. We're interested in making more money".

I have a hard time believing that these guys were in it for political gain as much as they were in it to have giant corporations and giant bonuses. Collapsing the economy really doesn't play well into that money making strategy.

Considering that now the government is getting ready to dictate how much money they make, this seems to be backfiring on them.
Charles Dean
Bubble Bloviator
 
Posts: 417
Joined: Tue Aug 05, 2008 11:11 am

Re: The consolidation of political power during the "Bailout Era

Postby Lake Hills Renter » Tue Mar 24, 2009 9:08 am

Lake Hills Renter
Bubble Banter Boss
 
Posts: 570
Joined: Sun Feb 18, 2007 9:13 pm
Location: Bellevue

Re: The consolidation of political power during the "Bailout Era

Postby jon » Tue Mar 24, 2009 10:39 am

The execs getting the millions in bonuses are still just the hired help. They are hired and fired by the board, which is where the real money is. Those people can weather depressions just fine and are now looking for buying opportunities. The CFO of Bank of America just issued a press release to tell Congress to back off with the bailouts so BoA and others can pick off the weaker firms. Disgusting, especially considering it is in the interest of taxpayers to reduce the consolidation so there are fewer firms that are too big to fail.
jon
Bubble Bloviator
 
Posts: 267
Joined: Mon Oct 01, 2007 10:13 am

Re: The consolidation of political power during the "Bailout Era

Postby rose-colored-coolaid » Tue Mar 24, 2009 8:42 pm

rose-colored-coolaid
Bubble Banter Boss
 
Posts: 1978
Joined: Mon Jun 18, 2007 10:26 am

Re: The consolidation of political power during the "Bailout Era

Postby Charles Dean » Wed Mar 25, 2009 7:08 am

Charles Dean
Bubble Bloviator
 
Posts: 417
Joined: Tue Aug 05, 2008 11:11 am

Re: The consolidation of political power during the "Bailout Era

Postby rose-colored-coolaid » Wed Mar 25, 2009 3:58 pm

rose-colored-coolaid
Bubble Banter Boss
 
Posts: 1978
Joined: Mon Jun 18, 2007 10:26 am


Return to The Economy

Who is online

Users browsing this forum: No registered users and 10 guests

cron