Glen Beck is REAAAALLY trying it!

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Originally Posted by giovanni_hotel

Agree, ironically, with most of this, except that the federal government had no role in the founding of investment banks like JP Morgan, Goldman Sachs, (now defunct) Lehman Bros, Citigroup, Morgan Stanley and Bear Stearns.
These banks are NOT a part of the Federal Banking system.

Cash is the lifeblood of American politics, and these banks are the essential valves in the heart of American power that keeps that blood pumping.

Ever think it was oddly convenient how Goldman Sachs had so many well placed former employees/execs in the Bush AND Obama administration??

To protect their interests.

About the ratio of Congressional reps/voters, you have to assume that ratio was going to increase. In a democratic republic, you elect representatives to defend your communities' interests in Washington, DC.

Do you really want to increase the size of Congress 10x???

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I know they are not one of the federal reserve banks, but the entire system is interconnected. I'm not advocating doing away with banks in general, but I'd like to get them out of bed with the government.

As for the representation, the ratio still needs to shrink, and there is actually a case about this that was just appealed to the Supreme Court. I doubt they will take it up because they will likely consider it a "political question," but nevertheless it is a valid issue. The first proposed amendment to the Constitution actually addressed the issue of increasing the size of the house (though there was a cap in it). All things being equal, I'd take too large a House over to small a one.

Oh and when a congressmen represents multiple counties (or even an entire State), then how exactly are they representing the interests of your particular community? I know in NY, the interests of Manhattan differ from those of Nassau or Westchester, never mind the rural upstate communities.

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Originally Posted by NYBURBS

In general, local government is more responsive to the electorate. There are benefits to a federal government, but it long ago grew past what it should be. The feds now exert a great deal of control over your daily life, but they are the farthest removed from you, and the most difficult to alter. I'll leave you with this thought... When the nation was founded there was 1 congressional representative for approx every 30,000 people. Now, there is 1 congressional representative for approx every 3/4 of a million ppl, yet they decide a great deal more about your day to day life.

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Huh? & just what control does the Federal Government exert over people's daily lives? I hear this constant whine, but I can't find any evidence that it's true. They regulate interstate & international commerce, but day to day life?

Let's see the list.

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Originally Posted by PomonaCA

I wonder who was blaming the uber-rich when John Q Public was buying homes with stated-income loans. And usually the income stated was 3 to 4 times the borrowers actual income. It's a two-way street, my friend. The borrowing public was just as guilty as the lending public.

And if you're willing to overlook government corruption (blagovich, acorn etc) in favor of political finger pointing, that's your deal and it's probably that same battered-liberal syndrome that enables your type to vote for your corrupt democrat political machine.

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As usual you guy go way off topic but.......
The problem wasnt people defaulting on their loans.
The problem was that the BANKS had repackaged these loans resold them and leveraged the fuck out of them.....THATS THE PROBLEM.
Thats why Europe is in this mess becasue they purchased these things not knowing the were junk.
The criminals on Wall Street have pulled everyone down with them.
Thats why Obama HAD to give that money to the banks because the debt had ballooned.
It was not just the value of all those homes that were in foreclosure.
The amount of these "toxic assests" is over 100 trillion dollars....it can NEVER be repaid.
There have been all kinds of schemes,swindles pulled off by wall street type and non wall street types alike....you all should do your research you would be SHOCKED at what has gone on.
I believe this recession is going to grow into a depresssion ....it already is....look at history.
When the crash happend in 29 thinks didnt immediately go into the shitter....by 31-32 things were really bad.
Also bad in those days the Federal Reserve Bank TIGHTENED CREDIT....just like what is happening now.
Think about that....it tightened credit during a depression......Obama gave ALL that money to the banks partially to loosen credit.....has that happen?
No.
Quite the opposite.
Hundreds of banks have failed.
Without lending and manufacturing your economy will contract and that is exactly what is happening I believe BY DESIGN.
You have to understand that even though SOME of the big boys are losing money if you compare the loses percentage wise they are being hurt far less than joe six pack.
All of those homes that the banks own wont be empty forever.....THIS IS WHAT YOU PEOPLE DONT GET.
I believe the price of homes will continue to call.....then they will go up and up and up.
This is all by design.....
You all dont see it right now BUT YOU WILL.
Your being swindled BIG TIME.
The sad part is you are the financers of your own demise.

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Originally Posted by hippifried

Huh? & just what control does the Federal Government exert over people's daily lives? I hear this constant whine, but I can't find any evidence that it's true. They regulate interstate & international commerce, but day to day life?

Let's see the list.

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You can look at the high cost of taxes on the gasoline you use. If you live in California, buy yourself a six-pack of generic cola for 2 bucks, you'll find the california government raking in almost 2 dollars in fees/taxes for a 2 dollar pack of soda.

Recycling is important, no doubt. But it seems that whenever the government is involved the statists behave as if their behavior is holy. Expensively holy.

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Originally Posted by Solitary Brother

As usual you guy go way off topic but.......
The problem wasnt people defaulting on their loans.
The problem was that the BANKS had repackaged these loans resold them and leveraged the fuck out of them.....THATS THE PROBLEM.

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Whatt do you mean " as usual"? How many posts have I had here? 10? You jump to many conclusions. Don't be so emotional.

And what loans were the banks repackaging? LOL The ones on stated income? The loans with 500% loan to value?

There seems to be a certain entitlement/victim mentality in your language.

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Originally Posted by PomonaCA

Whatt do you mean " as usual"? How many posts have I had here? 10? You jump to many conclusions. Don't be so emotional.

And what loans were the banks repackaging? LOL The ones on stated income? The loans with 500% loan to value?

There seems to be a certain entitlement/victim mentality in your language.

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Do some research....you are ignorant as fuck you dont know what your talking about.
Stick to what your good at like sucking dicks.

LMFAO!

http://www.thedailyshow.com/watch/th...-have-a-scheme

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Originally Posted by Nicole Dupre

LMFAO!

http://www.thedailyshow.com/watch/th...-have-a-scheme

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I saw that yesterday...John Stewart REALLY doesnt like Beck for some reason.

"Beckapalooza", "Beckith Fair". lol

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Originally Posted by Solitary Brother

Do some research....you are ignorant as fuck you dont know what your talking about.
Stick to what your good at like sucking dicks.

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Oh noes! Some animal on the internet called me ignorant. My internet life is shattered.