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"The moral crisis of our age has nothing to do with gay marriage or abortion.

It's insider trading, obscene CEO pay, wage theft from ordinary workers, Wall Streets gambling addiction, corporate payoffs to friendly politicians, and the billionaire takeover of our democracy."

------------------ Robert Reich----------

 

I think he is right

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Originally Posted by jtdavis:

"The moral crisis of our age has nothing to do with gay marriage or abortion.

It's insider trading, obscene CEO pay, wage theft from ordinary workers, Wall Streets gambling addiction, corporate payoffs to friendly politicians, and the billionaire takeover of our democracy."

------------------ Robert Reich----------

 

I think he is right


This guy doesn't even know we are not a democracy. 

 

"I pledge allegiance to the Flag of the United States of America and the Republic for which it stands.........

Last edited by Mr. Hooberbloob

If you want to see moral decay, look to Ferguson.  No CEO's involved.  The damage caused by the local democratic voters in this one city would pay for every CEO salary in the USA.

 

Liberalism is a cancer and is the primary reason for our moral decay.  Our education system, personal responsiblity, pride of craft, and respect for the law have all been severely eroded thanks to our liberal citizens and judges.

Originally Posted by jtdavis:

"The moral crisis of our age has nothing to do with gay marriage or abortion.

It's insider trading, obscene CEO pay, wage theft from ordinary workers, Wall Streets gambling addiction, corporate payoffs to friendly politicians, and the billionaire takeover of our democracy."

------------------ Robert Reich----------

 

I think he is right

______________________________________________________________

 

I think Reich is only urinated by the fact that except for the hedge Fund managers, Wall Streeters went for Romney after overwhelmingly supporting Obama in 2008. The hedge fund managers know that there will be good corporate corpses from Dodd-Frank in the near future after the next downturn.

I might also note that Robert Reich had a major role in creating the whole so called "too big to fail" banking system. He places blame on his former boss and associates and ducks responsibility.

 

If any single person is responsible for Wall Street banks becoming too big to fail it’s Sandy Weill. In 1998 he created the financial powerhouse Citigroup by combining Traveler’s Insurance and Citibank. To cash in on the combination, Weill then successfully lobbied the Clinton administration to repeal the Glass-Steagall Act – the Depression-era law that separated commercial from investment banking. And he hired my former colleague Bob Rubin, then Clinton’s Secretary of the Treasury, to oversee his new empire.

 

Weill created the business model that Wall Street uses to this day — unleashing traders to make big, risky bets with other peoples’ money that deliver gigantic bonuses when they turn out well and cost taxpayers dearly when they don’t. And Weill made a fortune – as did all the other executives and traders. JPMorgan and Bank of America soon followed Weill’s example with their own mega-deals, and their bonus pools exploded as well.

http://robertreich.org/post/27990127891

Originally Posted by Crash.Override:

what EXACTLY did the 'big banks' gain in investment opportunities after the repeal of the glass steagall act?  since you believe the GSA would have stopped the mortgage meltdown.


You need to go back and actually try to understand what Stanky posted.  No where in his post does he say he believes the GSA would have stopped the mortgage meltdown.

Originally Posted by Crash.Override:

what EXACTLY did the 'big banks' gain in investment opportunities after the repeal of the glass steagall act?  since you believe the GSA would have stopped the mortgage meltdown.

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Seeing visions again? I didn't assert that Glass-Steagall had anything to do with the mortgage meltdown, but it did have a lot to do with increasing the amount of the bailouts since commercial banks were tied to the bad-paper pushing investment banks in the corporations. When the great number of risky sub-prime loans started to be accepted by the GSE's and then bundled and sold to investment banks who sliced and spliced them into other stranger paper as allowed by the Commodity Futures Modernization Act of 2000, the great bust of 2008 was insured years earlier.

Last edited by Stanky
Originally Posted by Crash.Override:

you do realize those 'risky mortgages' were available to the banks, BEFORE the GSA repeal... the 'too big to fail' banks just decided to invest in them...the GSA had nothing to do with those banks buying them.

_______________________________________________

Slick, read these words slowly:  I... did ... not ...mention ...Glass-Steagall ... in ... the ... post! Anyway, the GSE's Fannie Mae and Freddie Mac only started buying those risky sub-prime loans at the behest of Andrew Cuomo and then selling them a few years before the Commodity Futures Modernization Act of 2000 and the Gramm–Leach–Bliley Act. I know in your fast paced world it's good faeries vs. evil warlocks, but in the real world it takes stupidity time for it to ferment and become a good catastrophe.

 

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country's current crisis. He took actions that—in combination with many other factors—helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded "kickbacks" to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

http://www.villagevoice.com/20...nd-freddie-mac/full/

 

stanky, i realize you republicans have a hard time with reading comprehension.. so, i'm gonna type this really slow, in hopes that it helps.. the LINK YOU POSTED contains the information about the GSA... so, in turn, YOU DID POST ABOUT THE GSA, IN YOUR LINK. now, either you don't know what you posted, or you don't understand what you posted.. either way, your problem, not mine.. sorry for your confusion. perhaps some professional help would be of assistance to you.

Originally Posted by Crash.Override:

stanky, i realize you republicans have a hard time with reading comprehension.. so, i'm gonna type this really slow, in hopes that it helps.. the LINK YOU POSTED contains the information about the GSA... so, in turn, YOU DID POST ABOUT THE GSA, IN YOUR LINK. now, either you don't know what you posted, or you don't understand what you posted.. either way, your problem, not mine.. sorry for your confusion. perhaps some professional help would be of assistance to you.

___________________________________________________________________________

 Again read slowly, I... did ... not ...mention ...Glass-Steagall ... in ... the ... post! Robert Reich did in outing his boss Clinton and cohorts in the crony capitalism that created the "moral crisis" that Reich rails about in the quote posted by jtdavis. Obviously flew way over your head. Now go back to your crayon artwork.

Originally Posted by Crash.Override:

read again , slowly.. .YOUR LINK DID! do you have any clue what's in the link, you posted? i'm sorry for your continued confusion. perhaps you'll figure it out.

______________________________________________________

The link also contains many other words, but it was your decision that only Glass-Steagall and not words like depression, Clinton, Rubin etc. were in play. If Reich used the idiom of " getting a piece of the pie" in that link, I would not have been discussing recipes either. In prefacing the link I wrote:

 

I might also note that Robert Reich had a major role in creating the whole so called "too big to fail" banking system. He places blame on his former boss and associates and ducks responsibility.

 

So where's the "Glass" or the "Steagall"?

You can't recognize brainwashed because of all the soap in your head.  The union lobotomized your brain many years ago.

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When the blue collar middle class realizes that unions are their only hope for a decent life style, things will get better for them.  Middle class and unions go hand in hand, when one goes up or down, the other will follow.

Originally Posted by jtdavis:

You can't recognize brainwashed because of all the soap in your head.  The union lobotomized your brain many years ago.

--------------------------

When the blue collar middle class realizes that unions are their only hope for a decent life style, things will get better for them.  Middle class and unions go hand in hand, when one goes up or down, the other will follow.

 

 

 

It's never worked that way before.

 

Originally Posted by jtdavis:

You can't recognize brainwashed because of all the soap in your head.  The union lobotomized your brain many years ago.

--------------------------

When the blue collar middle class realizes that unions are their only hope for a decent life style, things will get better for them.  Middle class and unions go hand in hand, when one goes up or down, the other will follow.


The democrats the unions are supporting are shutting down your union jobs.  Additionally, they are trying to raise minimum wage to the point that it will compact the middle class to the bottom of the heap. 

 

Use your brain and quit doing what the union tells you to do.   Union leaders are just as rich as those you say are destroying the middle class.  I don't have a problem with unions and I have personnally been a member of the IBEW, however, voting democrat is detrimental to your union job.

Last edited by Mr. Hooberbloob

When the blue collar middle class realizes that unions are their only hope for a decent life style, things will get better for them.  Middle class and unions go hand in hand, when one goes up or down, the other will follow.

 

 

 

It's never worked that way before.

----------------------------

It has worked that way 100% of the time.

The democrats the unions are supporting are shutting down your union jobs.  Additionally, they are trying to raise minimum wage to the point that it will compact the middle class to the bottom of the heap. 

 

Use your brain and quit doing what the union tells you to do.   Union leaders are just as rich as those you say are destroying the middle class.  I don't have a problem with unions and I have personnally been a member of the IBEW, however, voting democrat is detrimental to your union job.

-----------------------

Hoob, I do use my brain and my eyes. The blue collar middle class is directly hooked to union membership and participation in it.  You may have paid union dues, but you weren't a union man.

Originally Posted by jtdavis:

When the blue collar middle class realizes that unions are their only hope for a decent life style, things will get better for them.  Middle class and unions go hand in hand, when one goes up or down, the other will follow.

 

 

 

It's never worked that way before.

----------------------------

It has worked that way 100% of the time.

 

 

Embarrassed for you.

Originally Posted by jtdavis:

The democrats the unions are supporting are shutting down your union jobs.  Additionally, they are trying to raise minimum wage to the point that it will compact the middle class to the bottom of the heap. 

 

Use your brain and quit doing what the union tells you to do.   Union leaders are just as rich as those you say are destroying the middle class.  I don't have a problem with unions and I have personnally been a member of the IBEW, however, voting democrat is detrimental to your union job.

-----------------------

Hoob, I do use my brain and my eyes. The blue collar middle class is directly hooked to union membership and participation in it.  You may have paid union dues, but you weren't a union man.


I'm a hard working man who takes great pride in his craft and moral values.  If that didn't make me a "union man", then I'm proud to not be a "union man".

 

Considering Union members comprise only about 11% of the workforce, I'd say your claim about the middle class being hooked to union membership is nuts.

Considering Union members comprise only about 11% of the workforce, I'd say your claim about the middle class being hooked to union membership is nuts.

-------------------------

Considering that most of the economic gains in the last 30 years have gone to the top 1%, and union membership has decreased during that period, It proves my point.

Originally Posted by jtdavis:

Considering Union members comprise only about 11% of the workforce, I'd say your claim about the middle class being hooked to union membership is nuts.

-------------------------

Considering that most of the economic gains in the last 30 years have gone to the top 1%, and union membership has decreased during that period, It proves my point.


Union memberships have decreased because the demand for them has gone down.  Many of the jobs held by union members in the past have been exported to other countries, like Mexico.  Skilled workers are in high demand and always will be, no union is needed to make a good wage anymore as these workers are competively recruited.

 

There is no limit to how much money can exist.  You dems have ridiculous belief that because of the top 1%  there is no more money left to be made.  Knowing what you did for a living and how long you did it, you are more than likely in the top 5%.  Maybe you contributed to the union's impending demise.

There is no limit to how much money can exist.  You dems have ridiculous belief that because of the top 1%  there is no more money left to be made.  Knowing what you did for a living and how long you did it, you are more than likely in the top 5%.  Maybe you contributed to the union's impending demise

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Why don't you tell us what the income gain for the lower 80% has been during the last 30 years.  I am waiting on your reply.

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