09-23-2008, 03:10 AM | #1 |
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"We are all Socialists now"
Well, at least in the banking sector.
Here are the highlights from the Dodd bill... - Treasury (you and me) take an equity stake equal to the purchase price of the distressed assets - If it's a private company, government takes senior debt position - Oversight board managing the $700B. Made up of the chairmen of the Federal Reserve, FDIC, SEC and two corp execs. - If CEO of banks take undue risks, the government can penalize their compensation Frank is co-opting this into his plan and some form of it will come out on the other side after the negotiations with Paulson. http://bloomberg.com/apps/news?pid=2...lRg&refer=home
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09-23-2008, 03:14 AM | #2 |
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news for you, amigo....everyone that took a subsidized student loan is a socialist.
Also, do your kids attend public schools? Socialism rocks!
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09-23-2008, 03:17 AM | #3 | |
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Quote:
You and SU are really letting me down tonight.
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09-23-2008, 03:17 AM | #4 |
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I bet 8ballrollin' drives on interstate freeways and uses the United States Postal Service. That commie has no shame.
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09-23-2008, 03:18 AM | #5 | |
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Quote:
I think Paulsen's plan may be a disaster. |
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09-23-2008, 03:23 AM | #6 |
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I'm sorry for ruining your joke. I have no good excuse.
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09-23-2008, 03:28 AM | #7 |
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It really wasn't so much a joke as a reference to "We are all Keynesians now." (1971)
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09-23-2008, 03:29 AM | #8 |
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rotflmao!
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09-23-2008, 03:39 AM | #9 |
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