Check me if I'm wrong, buy these radical fools running the country are stuck in their 60s-70s communist crush that petered out before their limp noodles could find the hole...But, they're intellectuals...Yeah, I know....talk to the hand...
at Kabul airport. The Taliban has claimed responsibility for the murders. The Taliban. You know, that wonderful group of people that hail from the religion of peace; the group that our current administration successfully negotiated with in an effort to return a known deserter to us for five high level jihadists that were secured in Gitmo. Yes, those guys. The same group that the White House says are not really terrorists. They are classified differently according to the White House...You can't call them terrorists. They're just workplace troublemakers. Nothing to see here. Move along...FORWARD!
FP, all is well. Just having fun with the color blind here that automatically assume that if you don't approve of the current dope in the White House, as you call him, then by their feeble logic it follows that you must love George Bush and/or Ronald Reagan. I mean, what other alternative can there be? Hope you are well and prosperous mein freund. JD
$2500.00 annual savings in healthcare premiums that Obama promised in 2009???
According to a recent CBO report: Government will spend $1.993 TRILLION over a decade and take in $643 BILLION in new taxes, penalties and fees related to Obamacare.
Obama pledged in 2009 during a speech before a joint session of Congress that his health insurance proposal would cost $900 billion over ten years – a far cry short of current numbers
The numbers are daunting: It will take $1.993 trillion, a number that looks like $1,993,000,000,000, to provide insurance subsidies to poor and middle-class Americans, and to pay for a massive expansion of Medicaid and CHIP (Children’s Health Insurance Program) costs.
No Igetfreeshit, you are not right. You're not right at all. The post is not about me, nor is it about Ronald Regan [sic] or George Bush for that matter. The point of the post is to take a satirical jab at the administration for using a three day snowstorm as an excuse to manipulate government issued data - once again. It is about propaganda. There is a good book by that name written by Edward Bernays back in 1928. It is a relatively short book, 168 pages in my 2005 edition. It's a fairly quick read for most, but with your obvious lack of comprehensive skills it could take you a couple of months to get through it. None the less, I highly recommend it. Perhaps if you wouldn't get your panties in a wad when someone refers to your hero in less than gushing, flattering, butt-smooching terms you would better comprehend the point of the post, and you could keep your juvenile "Well George Bush did this, and George Bush did that" card in your pocket. And just to make myself clear, the current administration led by Chairman Obamao is hardly the first to use propaganda to polish and legitimize itself, nor will it likely be the last.
If deficits don't really matter, and we can wantonaly print money as we and Paul Krugman wish, then why not do away with the discriminatory progressive income tax...We can print what we need .Right? We don't need your taxes, and just imagine all that money that people can spend to juice your man-made aggregate demand...hoax...
Nooooooo!!! There goes the GDP again, and just when Glorious Dear Leader (pbuh) has cured the economic problems that have stymied the country since the devil George Bush (spit) destroyed the path to social justice, fairness, and true economic (distributive) justice. Oh well, hold that Obamacare spending out of GDP this quarter, (polar vortex is a most excellent excuse) and use them in the fourth quarter when we really need them. Hey, it worked last last year. What they don't know can't hurt them, and if it does, tell them to suck it up, better days await in the Glorious Next Tuesday.. Forward Bitchezzzzzz!!!!
During this morning's conference call Dimon took time to lash out at U.S. regulators for putting his bank "under assault."
"We have five or six regulators or people coming after us on every different issue,” Dimon, 58, said today on a call with reporters after New York-based JPMorgan reported fourth-quarter results. “It’s a hard thing to deal with."
"In the old days, you dealt with one regulator when you had an issue, maybe two. Now it’s five or six. It makes it very difficult and very complicated. You all should ask the question about how American that is. And how fair that is. And how complex that is for companies.”
Poor Jamie, one of the linchpins of the world's largest organized crime syndicate, says it's not fair. JPM and the other TBTF banks didn't like having to pay kickbacks to the other organized crime syndicate in Washington-to the tune of 178 Billion-to allow them to continue their criminal enterprise for the last five years. That "cost of doing business" as even the BCG aptly called it, however has allowed him and his criminal brethren to stay out of jail and/or avoid the gallows...at least for the time being. Go long pitchfork manufacturers and popcorn.
Quote: " "The president's a coward. The president is a physical coward, he is a moral coward, he is an intellectual coward," he said, explaining that the president's "moral cowardice" prevents him from ever admitting he was wrong about Islam.
"Make no mistake. Passivity in the face of terror is complicity. And yesterday, President Obama chose the side of the terrorists," said Peters, adding that he cannot find any explanation for some of the decisions made by this president.
"Future historians are gonna have a ball trying to unravel this guy's psychology. You can explain his behavior to a point and then you're just in the Twilight Zone. It's appalling to me that this is a President of the United States who doesn't get excited about terrorist threats to the homeland. He's got this romanticized view of Islam that doesn't jibe with reality, but he clings to it," said Peters. ~Lt.Col. Ralph Peters (ret)
Obama was a no-show in Paris. So was Biden. So was Kerry. Holder was in Paris on other business, but skipped the rally that included 40 other world leaders.
Arsaxe, with your defense of Citi's derivative machinations you seem to be implying that everything within that realm of their business is on the up and up. It's good for their customers and good for them, as well as all of us aggregately-demanding idiots. It seems that you you believe in the wholesomeness of Citi management, that they would never engage in the behavior that helped usher in the current bust cycle, that they now take seriously their stewardship of a flagship bank, that bonuses be damned, our customers come first, that they have finally seen the glaring errors of their way, and now, they would never, ever, not ever in a million years leverage those derivative swaps to the tune of 40-1. No, not again. No, they would never play the moral hazard card again, at least not yet. Why waste it? There's still some oil in that well. I'm thinking that another penny dividend is on the horizon..Enjoy..
Serious and reasonable? Seriously? You can't put the pieces together to see how Citi has gamed the system to their advantage for another combrous bailout when their SPECULATIVE wagers go south? Yeah, I know, all their derivative exposure is strictly to protect clients, themselves, all working Americans, and to enlarge their global footprint in the name of American Imperialism....Whatever. If you don't work for them already, maybe you should...Does your last name end in a vowel?..
Yeah, they're crooks. They should have been chopped into loins, chops, Boston butts and bacon long ago. They have, and continue, to game the system, but if it makes you feel better about your prized pig, they are not the only filthy, nasty, mud-covered pig in the sty.. All animals are equal but some animals are more equal than others. I think Richard Fuld realized that after a few moments, or two....Good luck...Crime really does pay....I'm certain that they appreciate your patronage...
Very true. Citi is now the new derivatives king. They increased derivative exposure to the tune of nine trillion just in the 3rd quarter alone to surpass JP Morgan. Citi is now the largest holder of derivatives in the U.S. So while all the other banks are derisking their balance sheets, Citi is pouring it on and the logical question is indeed: Is Citi the new AIG?
Thanks for you informative reply c11ray. I now have a much clearer understanding of all your bi-polar posts regarding Citi over the last year and a half or so, as well as the extent of your naivety and gullibility.
The "swaps push-out" rule (sec. 716 of Dodd Frank) forced depository institutions acting as "swaps entities" to transfer or "push out" certain derivative trading (if that depository institution received "federal assistance"- meaning any advances from Federal Reserve Credit Facility, access to the discount window, or FDIC backing) to an affiliated Holding Co. But, by Citi crafting the amendment of sec. 716, they can now transfer those swaps back to FDIC-insured Citibank N.A. where they receive federal assistance, meaning they can go back to privatizing their profits and SOCIALIZING their losses. In other words, the taxpayer will be on the hook for their losses. Citibank knew what was coming and they now have more derivative exposure in their FDIC-insured Citibank N.A. than in Citigroup HoldCo. THAT sounds like socialist banking to me. As for your drivel about "whole world would be in total disaster and have a global war", I say nonsense to that. You sound like Hank Paulson's sock puppet. As for "free money" as you call it, what on earth do you think the TBTFs are doing with that money? Probably wouldn't wager on more swaps etc. No, perish the thought. And, as far as "punishing the guilty ones" as you promote, how's that working out so far? They're all guilty and so are those overseeing them. It's called regulatory capture and cronyism, and it is here to stay because, as George Carlin said: "They're in the club, and you're not." They may be psychopaths, but that doesn't make them cannibals.
Which is why Citi itself, crafted that part of the Cromnibus bill that eliminates the push out rule imposed by Dodd-Frank. Now we, the taxpayer, are on the hook for their gambling losses, and thus, they cannot fail. Crony plutocratic capitalism at its worst.
Its HoldCo has another 64.8 trillion in derivative exposure... The U.S. GDP is estimated to be a paltry 17.5 trillion in comparison...Is it any wonder that they baked the push out rule into the Cromnibus cake? You won't taste a slice of that cake...