Break up them too big too fail banks, That's the popular wisdom going on the tube. We can't have bail out those damn banks. I do believe that I heard some fool on the tube saying that the American public don't like the idea hey we bailed out those big bad banks. Now for the love of me I really don't believe that those Americans who don't want the government to bail at those big bad banks, would like it if they work so hard and didn't get paid. Well maybe they didn't work so hard but they didn't get the money they normally expect in there bank because big bad bank became insolvent and the FDIC didn't have the resources to make them whole like it does the smaller regional banks. Yes the American public really wants that.
Oh yea you can break up the banks by making laws that commercial banks and saving and loans aren't stock brokers. Nor can they be investment bankers. OK maybe that will help, but if a bank is doing risky business they are still in danger in being insolvent, maybe we will have all banks with less then 1% of the market. Yea that's what we should do tell the banks how many depositors they can have along with what we have already in place right now, how much reserves that they must have.
Tuesday, November 17, 2009
Thursday, November 5, 2009
steve's barking about recent elections plus this and that
Only the reactionaries could give a solid conservative republican district the 23rd in N.Y. to a liberal democrat. A district that hasn't gone democrat in over 150 years.
Maybe in the next election they can get more duller then dish water candidate's who some how forgets that his business gets tax payer money.
Since when to say that person throws their weight around refers to a person girth.
Is the tea party really a party of homosexuals? if not why do they refer to themselves in the term used by male homosexuals of putting one's testicles in another man face?
Why couldn't Mayor Bloomberg spend his money to explain why he needed a third term against the will of the people, and not even even explain what his hopes and dreams for the coming years?
If NYC is such a liberal town why is that conservative talk radio so popular?
Maybe in the next election they can get more duller then dish water candidate's who some how forgets that his business gets tax payer money.
Since when to say that person throws their weight around refers to a person girth.
Is the tea party really a party of homosexuals? if not why do they refer to themselves in the term used by male homosexuals of putting one's testicles in another man face?
Why couldn't Mayor Bloomberg spend his money to explain why he needed a third term against the will of the people, and not even even explain what his hopes and dreams for the coming years?
If NYC is such a liberal town why is that conservative talk radio so popular?
Thursday, October 29, 2009
Steve's Barking about Credit Cards
Be it from me to tell a business how to run it's business but after the mortgage fiasco, why do some of those same banks increase their interest rates on credit cards to there customers. What's going to happen is the customers are going to default on their debt. Not spend so much, depriving the company of taking their cut on the spending of the customer from vendor. If there isn't collusion between credit cards then those who keep their rates down and don't charge a fee should be making out like bandits. That's the way we Americans have been taken for granted the way the free market is suppose to work.
If I was an owner of bank stocks or a company that makes money from credit cards that are trying to gouge it's customers I would sell, sell and sell again ( I believe they call that going short).
Those banks will of cause have to give those million dollar bonuses to those who thought this up in order to hold on to them, after all they made paper millions the first months of these brilliant idea. You wouldn't want them to spread their brilliance to other financial institutions especially overseas.
If I was an owner of bank stocks or a company that makes money from credit cards that are trying to gouge it's customers I would sell, sell and sell again ( I believe they call that going short).
Those banks will of cause have to give those million dollar bonuses to those who thought this up in order to hold on to them, after all they made paper millions the first months of these brilliant idea. You wouldn't want them to spread their brilliance to other financial institutions especially overseas.
Saturday, October 24, 2009
Steve's barking on money printing press
It has come to my attention that there are many a person in this country are complaining that my government has a printing press and that they are printing money that they (the mysterious they) believe will lead to hyper inflation. The mysterious they don’t seem to realize that a large portion of the world’s population has a small monetary printing presses in their pockets or pocketbooks. These printing presses are better known as credit cards. I understand that this is an abstract idea but trust me every time some one uses their card and doesn’t pay it off right away they are printing money. If this is true and I know it is, what would happen if we took credit cards away from the peoples of this planet. It would have the same effect as taking a huge ( and I mean very, very, very huge) pile of money and setting it on fire.
So kiddies this is the economic lesson for today. Money can be printed or burned by ordinary citizens.
So kiddies this is the economic lesson for today. Money can be printed or burned by ordinary citizens.
Wednesday, October 14, 2009
Steve's Barking the language of the ultra conservative
It seems to me that one of the problems that we Americans have is that not every one in this country speaks the same language. We don't understand what one says if one calls himself a conservative or a liberal they don't speak the same language even though we all claim to speak English. Because I don't seem to understand those who listen to Glen Beck and Rush Limbaugh and their listeners I decided to take a Berlitz course in ultra conservative language.
So after taking the course I decided to try to speak to the so called conservative listeners.
So here goes;
BAA, BAA, BAA
So after taking the course I decided to try to speak to the so called conservative listeners.
So here goes;
BAA, BAA, BAA
Thursday, October 8, 2009
Steve Barking those terrible "R" words
Those terrible "R" words that when I look at in political speak.
If you think that one of them is Republican your sadly mistaken.
I watch out for them damn reformers, self righteous buffoons who after getting into office turn out to more wicked then those they depose of.
The next group is the radical left of which some say that I'm part of. At least that of my ideas are. Radical at least, definitely not main stream. Again these are self righteous buffoons, who have no respect for for anyone one or idea that is not in the norm of there thinking.
Now we come to the worst of the worst, the reactionaries, or as Ian Flemming would call them Doctor Nos. If it was up to them we would still be hunting for our food, There would be no government and the hell with every one else. On might even call them paranoid jerks. The Glen Beck's of the world.
If you think that one of them is Republican your sadly mistaken.
I watch out for them damn reformers, self righteous buffoons who after getting into office turn out to more wicked then those they depose of.
The next group is the radical left of which some say that I'm part of. At least that of my ideas are. Radical at least, definitely not main stream. Again these are self righteous buffoons, who have no respect for for anyone one or idea that is not in the norm of there thinking.
Now we come to the worst of the worst, the reactionaries, or as Ian Flemming would call them Doctor Nos. If it was up to them we would still be hunting for our food, There would be no government and the hell with every one else. On might even call them paranoid jerks. The Glen Beck's of the world.
Saturday, October 3, 2009
Barking on Afghanistan
It has come to my attention that many of my country are comparing what the United States is doing in Afghanistan to that of the Vietnam War. Perhaps that because we equate the destruction of the World Trade Center with that of the destruction of the Second Avenue Subway or the saboteurs that the Vietcong sent to this country as currently being trained in Afghanistan. Oh the Second Ave subway wasn’t destroyed by the Vietcong, nor did North Vietnam train any saboteurs to infiltrate this country. I don’t believe that we were in Vietnam to for revenge of an attack on our soil. Nor were we in Vietnam to weed out and go after those who would do harm to the civilians of America.
Those who would have us pull out of Afghanistan because they believe that wining the hearts and minds of the country and were in there to bring democracy to the country are right we should pull out. Those like me who believe that were in Afghanistan for revenge and to destroy those who are out to harm the civilians of America. We will help those who help us not by changing there mind set, but by helping them survive.
Those who would ask me when we should leave Afghanistan my answer is not until the job of revenge and safety is complete, even if it means that my great grandchildren are fighting this war hundreds of years after I’m gone.
Those who would have us pull out of Afghanistan because they believe that wining the hearts and minds of the country and were in there to bring democracy to the country are right we should pull out. Those like me who believe that were in Afghanistan for revenge and to destroy those who are out to harm the civilians of America. We will help those who help us not by changing there mind set, but by helping them survive.
Those who would ask me when we should leave Afghanistan my answer is not until the job of revenge and safety is complete, even if it means that my great grandchildren are fighting this war hundreds of years after I’m gone.
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