Bailout Bank Blows Millions Partying in L.A.

[swbsam]

Originally posted by: Modelworks

Originally posted by: JS80
Banks aren't allowed to sponsor events anymore? That Ritz in the marina isn't that special, I've stayed there.

They can sponsor all they like, but not when they take taxpayer money.
They spent millions, took 1.6 billion from taxpayers and laid off 450 people .

Just curious, says who? You?

 

[Insomniator]

I just gotta jump in here and ask if chess9 is serious with his comments. I mean, really?

 

[Jaskalas]

Originally posted by: JS80
Banks aren't allowed to sponsor events anymore? That Ritz in the marina isn't that special, I've stayed there.

The government will dictate all the actions of the bank now. They sold their soul to the devil.

 

[nobodyknows]

Originally posted by: Jaskalas

Originally posted by: JS80
Banks aren't allowed to sponsor events anymore? That Ritz in the marina isn't that special, I've stayed there.

The government will dictate all the actions of the bank now. They sold their soul to the devil.

Since banks don't have a soul they got a good deal.

 

[Modelworks]

Originally posted by: swbsam

Originally posted by: Modelworks

Originally posted by: JS80
Banks aren't allowed to sponsor events anymore? That Ritz in the marina isn't that special, I've stayed there.

They can sponsor all they like, but not when they take taxpayer money.
They spent millions, took 1.6 billion from taxpayers and laid off 450 people .

Just curious, says who? You?

Says the taxpayers.

 

[K1052]

Originally posted by: Modelworks

Originally posted by: swbsam

Originally posted by: Modelworks

Originally posted by: JS80
Banks aren't allowed to sponsor events anymore? That Ritz in the marina isn't that special, I've stayed there.

They can sponsor all they like, but not when they take taxpayer money.
They spent millions, took 1.6 billion from taxpayers and laid off 450 people .

Just curious, says who? You?

Says the taxpayers.

Actually it strengthens their case in that TARP funding wasn't used for bank operations and was loaned out as intended.

 

[wkabel23]

People, can we make one thing clear?

Companies have the right to lay off employees. It has been this way since the beginning of...well, companies. We cannot create some utopian society that forbids a company from hiring/firing employees. I mean the delusion in this thread is rampant.

"They shouldn't be able to fire employees if they accept TARP!!!" What a bogus anti-rich, anti-corporate talking point

 

[chess9]

Originally posted by: wkabel23

Originally posted by: TechBoyJK

Originally posted by: chess9

Originally posted by: Yoxxy

Originally posted by: chess9

Originally posted by: Yoxxy
Preferred shares with a $115 warrants for buffet whose book is down 40 percent in a 3 month period...

With democrat's president and cabinet doing so poorly all they have left is to ridicule the banks, not comment on how they are in way over their heads and that a demand side economic stimulus has never worked during a severe recession/depression. This is in a sense an economics textbook that will play out in the next three years.

My hope is their democratic wish list does work, but even if it does it just postpones are propensity to stop spending a few years down the road.

As for being a lawyer, there are lawyers that serve a purpose and then there are the lawyers that make that purpose by suing for every purpose they can find to make a profit for themselves. My guess is the poster in this board falls under category two.

You might try reading a bit closer, superman.

-Robert

This is a good counterpoint, I can see why you have so much time to post here, instead of working, superman.

Let's all argue ad hominem that always works.

Also, find me any readings that say demand side pull works in a severe recession/depression. The stimulus bill that came out was a democratic wish list of the last 8 years pushed down our throats by our president with the idea that if it didn't pass the USA was going to end.

Dude, if you read more of other's people's post and THOUGHT about them you wouldn't post this trash. I oppose the stimulus bills! And, just to pound it into your dweeby thick skull, I am retired, I practiced commercial real estate law, not suing people. For your information most lawyers never sue anyone. Trash lawyers all you want, but I'd suggest you start thinking and stop spouting off irrelevant bullshit about derivatives.

-Robert

Hi Chess, I just wanted to say I read this whole thread and I think you've been schooled. I'm not saying you are stupid, but it appears members who are more knowledgable and wise to the reality of the situation have stepped in and you are too high on your horse to admit it.

Agreed. chess9 you are embarrassing yourself by repeatedly bleating the same nonsense in the face of reason. As it has previously been mentioned, numerous times, NT pretty much had to take TARP money. If you want to make a distinction that the government didn't hold a gun to their head, but rather showed the holster in order to get NT to take the money then be my guest. The rest of us will see that NT, and many other profitable banks, took TARP money at the behest of the federal government.

Your class warfare rhetoric is beyond reprehensible. Your posts reek of jealousy and a general misunderstanding of the world. Life is not fair; people lose jobs; some people have more money than others. A profitable company lays off 450 workers...sounds to me like they are trying to maintain their profitability. In your twisted view, this company is laying off workers so they can lavish their rich customers with gifts and luxury. You have a disconnect with reality; this company is following the business plan that led profitability. Sometimes people lose their jobs; I'm sure the company did not take joy in letting go of good workers. But they have a business to run. You seem disconnected from reality...might I suggest taking your head out of your ass and plugging back in? There is no conspiracy of the rich here, just a group of armchair politicians/economists/businessmen pathetically denying reality.

Which 'reason' do you speak of? And how do you know NT is a profitable bank? Because they say so?

And, please feel free to point to a Treasury Department regulation, or the TARP I bailout legislation that FORCED banks to take TARP I money. No one has presented any such regulation or law, and, in fact, some banks refused TARP I money. All banks were encouraged to take TARP I money because Paulson was trying to mask as many bad banks as he could, but the banks who are solvent who took the money did so because it was too good to pass up. The repayment terms are fairly generous. Anyway, no one has the authority to require a bank to take TARP money, unless they are subject to a takeover by the Feds. Banks are lawyered to the hilt, and they all know this.

This story was a lead story on ABC and several other networks, including Fox News, by the way, so I must not be the only known "socialist" to find the bankers' blinders in full DOWN mode.

I'm sorry if you two right wing choirboys aren't happy about the facts, but get over yourselves. You right wingers always think about class warfare because you believe in class, but rarely show any. Liberals rarely talk about class warfare, but focus on humanist values. You should try a few on for size. They won't kill you, like Wall Street is trying to do.

I have no need to fret about any of this for myself, as I'm retired and relatively well-off. But, I know a bunch of crooks when I see them, and too many bankers qualify. These bankers are complete morons.

-Robert

 

[chess9]

Originally posted by: wkabel23
People, can we make one thing clear?

Companies have the right to lay off employees. It has been this way since the beginning of...well, companies. We cannot create some utopian society that forbids a company from hiring/firing employees. I mean the delusion in this thread is rampant.

"They shouldn't be able to fire employees if they accept TARP!!!" What a bogus anti-rich, anti-corporate talking point

No one suggested any business doesn't have the right to lay off or fire employees. Why are you on on this little side masturbation? Was your main jack-off not enough for you?

-Robert

 

[wkabel23]

Originally posted by: chess9

Originally posted by: wkabel23
People, can we make one thing clear?

Companies have the right to lay off employees. It has been this way since the beginning of...well, companies. We cannot create some utopian society that forbids a company from hiring/firing employees. I mean the delusion in this thread is rampant.

"They shouldn't be able to fire employees if they accept TARP!!!" What a bogus anti-rich, anti-corporate talking point

No one suggested any business doesn't have the right to lay off or fire employees. Why are you on on this little side masturbation? Was your main jack-off not enough for you?

-Robert

I generally go 2-3 times a day.

 

[wkabel23]

If you didn't get it...I respond to your drivel with content of the same character.

 

[TechBoyJK]

Originally posted by: chess9
I'm sorry if you two right wing choirboys aren't happy about the facts, but get over yourselves. You right wingers always think about class warfare because you believe in class, but rarely show any. Liberals rarely talk about class warfare, but focus on humanist values. You should try a few on for size. They won't kill you, like Wall Street is trying to do.

Is this directed at me? I made my comment as a spectator; objective and without bias. I don't know you or anybody else here. I just read the thread. Everybody made valid points I was just saying it seemed like you were getting defensive at those who were making more acceptable arguements than you presented. I'm an heir to alot of money so I'm not anti-rich. I look forward to it lol. I don't have much right now. I don't really think about class much.

 

[TastesLikeChicken]

Originally posted by: chess9
I'm sorry if you two right wing choirboys aren't happy about the facts, but get over yourselves. You right wingers always think about class warfare because you believe in class, but rarely show any. Liberals rarely talk about class warfare, but focus on humanist values. You should try a few on for size. They won't kill you, like Wall Street is trying to do.

-Robert

Originally posted by: chess9
No one suggested any business doesn't have the right to lay off or fire employees. Why are you on on this little side masturbation? Was your main jack-off not enough for you?

-Robert

Preach on about having class.

:roll: