Net result of financial bailout? $40 to $100 Billion profiit to taxpayers

[fskimospy]

And you could also be a decent human being. Perhaps you misunderstood my point.

 

[ProfJohn]

I can't really argue with that. OTOH, we need to take measures to prevent future occurrences, and to create the means & methods required to deal with large firms the way that the FDIC deals with smaller failing banks.

None of which will happen so long as Repubs are in a position to block it...

You were doing good till the end...

The Democrats had complete control for two years but did little to ensure this doesn't happen again. What is their excuse?

 

[Jhhnn]

You were doing good till the end...

The Democrats had complete control for two years but did little to ensure this doesn't happen again. What is their excuse?

You keep saying that as if it were true, when it never really was. There were a few months in 2009 when the Dem caucus, including Lieberman & DINO's, had 60 votes in the Senate. Ever since, Repubs have held a blocking position via filibuster, something we both know to be true. They're currently attempting to block implementation & dismantle the modest reforms initiated. Just the way it is.

http://www.huffingtonpost.com/2011/07/05/financial-reform-wall-street-gop-warren_n_890090.html

Notice the tiresome Job Creator! meme used by Repubs...

 

[Darwin333]

You keep saying that as if it were true, when it never really was. There were a few months in 2009 when the Dem caucus, including Lieberman & DINO's, had 60 votes in the Senate. Ever since, Repubs have held a blocking position via filibuster, something we both know to be true. They're currently attempting to block implementation & dismantle the modest reforms initiated. Just the way it is.

http://www.huffingtonpost.com/2011/07/05/financial-reform-wall-street-gop-warren_n_890090.html

Notice the tiresome Job Creator! meme used by Repubs...

Doesn't the executive control the law enforcement wing of the Federal Government?

 

[Jhhnn]

Doesn't the executive control the law enforcement wing of the Federal Government?

Yeh, but they need to have the personnel & budget to actually do so. Read the link.

 

[werepossum]

You keep saying that as if it were true, when it never really was. There were a few months in 2009 when the Dem caucus, including Lieberman & DINO's, had 60 votes in the Senate. Ever since, Repubs have held a blocking position via filibuster, something we both know to be true. They're currently attempting to block implementation & dismantle the modest reforms initiated. Just the way it is.

http://www.huffingtonpost.com/2011/07/05/financial-reform-wall-street-gop-warren_n_890090.html

Notice the tiresome Job Creator! meme used by Repubs...

So the Democrats can never really be held accountable for doing nothing as long as there is at least 40 Senators who aren't completely batshit foaming crazy leftists, but the Republicans CAN be held accountable as long as they exist. Gotcha.

Perhaps if the Democrats learned to write laws that aren't totally insane and could get a little bipartisan support - like the Republicans, who have never held anything near a veto-proof majority in the Senate, have always had to do to accomplish anything - then they too could be made of something besides pure fail. Methinks the Democrats rely far too much on their useful idiots.

 

[Darwin333]

Yeh, but they need to have the personnel & budget to actually do so. Read the link.

So he has only very recently decided that people who broke the law years ago should be prosecuted?

 

[blackangst1]

I can't really argue with that. OTOH, we need to take measures to prevent future occurrences, and to create the means & methods required to deal with large firms the way that the FDIC deals with smaller failing banks.

None of which will happen so long as Repubs are in a position to block it...

tsk tsk. Partisan hackery at its best.

I agree also, but it also wont happen with Dems putting people from the very companies and sector that started the mess, and was bailed out, into key government positions. Do you need a reminder?

 

[Thump553]

So the Democrats can never really be held accountable for doing nothing as long as there is at least 40 Senators who aren't completely batshit foaming crazy leftists, but the Republicans CAN be held accountable as long as they exist. Gotcha.

Perhaps if the Democrats learned to write laws that aren't totally insane and could get a little bipartisan support - like the Republicans, who have never held anything near a veto-proof majority in the Senate, have always had to do to accomplish anything - then they too could be made of something besides pure fail. Methinks the Democrats rely far too much on their useful idiots.

The fact of the matter is that the GOP, especially in the Senate, act with a monolithic unity that is the envy of the strongest union or mafia gang. In 2008-09 it made headline news when ANY GOP senator joined the majority on any vote, no matter how trivial. You can rant about leftist, socialist, etc., but the fact of the matter there isn't that much daylight between core GOP and core Dem beliefs. The Dems, unfortunately, have for decades proven they have the cohesiveness of a herd of kittens. Remember when Dennis Kucinich (sp?) was going to scuttle the only chance health care reform had to pass by voting against it? Not in a million years would any GOP member of the House or Senate ever do that in a million years.

And look at the present situation-the GOP (again acting as an unwavering block) absolutely refuse any form of tax reform or tax increase in the budget impasse or to compromise on any point whatsoever-can you tell me with a straight face that they really want to balance the budget when their very actions are designed to keep revenues below expenditures no matter how little the feds spend?

 

[Jhhnn]

So the Democrats can never really be held accountable for doing nothing as long as there is at least 40 Senators who aren't completely batshit foaming crazy leftists, but the Republicans CAN be held accountable as long as they exist. Gotcha.

Perhaps if the Democrats learned to write laws that aren't totally insane and could get a little bipartisan support - like the Republicans, who have never held anything near a veto-proof majority in the Senate, have always had to do to accomplish anything - then they too could be made of something besides pure fail. Methinks the Democrats rely far too much on their useful idiots.

Nice bit of raving & false attribution. "Batshit foaming crazy Leftists?" Really?

You have no idea what a Leftist really is, but you seem to think that anybody not a complete tool of corporate interests must be, apparently.

The sad truth is just as I offered it to be- Repubs are blocking financial reform. They don't want it. They never wanted it. Their faith in deregulated banking in a free market global economy is absolute, regardless of the real world results of following that ideology.

It's like they and their followers have completely forgotten that the outgoing prez & vice prez couldn't show their faces at the 2008 RNC because of the near calamity created by their own actions. They created the need for the bailout, and they'll do it again, because their ideology hasn't changed one teensy bit.

Don't believe it? Read the Ryan budget- no capital gains taxes, at all. Read about the kind of compromise they won't make to raise the debt ceiling.