Bush To Personally Bullshit Americans Tonight

Quote from Pa(b)st Prime:

Here's an analogy.

You're a big bookie in Detroit. (Greek Town, lol)

If the spread is San Diego -5 against Houston you match up those who bet on SD against the equal amount of Houston money. As a rule you "lay off" your bets in Vegas. Meaning any imbalance you call in to a bigger book at a casino.

One of your local bettors calls you and puts a million down on Houston. It's you who “vouched” for him being good for the bet. You now lay the bet off on Wynn. San Diego covers. Your bettor disappears into the wilderness of the UP. Wynn wants their money. There is none. Wynn now takes a million dollar hit.

No one would suggest Wynn be “bailed out”. However two things. The ultimate “blame” isn't Wynn. Instead it's a bit yours for “vouching” a rogue gambler but it's MAINLY the guy who bet a million he didn't have.

While I wouldn't expect Wynn to be made whole by the Fed I also wouldn't bitch if Wynn no longer gave house credit i.e. no more automobile loans or low down payments on mortgages. Fool me once sort of thing.......

So at the end of the day almost EVERY bettor-credit worthy or not-would be impacted by your dishonest guy.
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here is the problem....If someone came to said bookie with a $1 million bet he would get his ribs broken in three. Then he would be asked to bring his only son to a safe house till after the game. 2 things would happen, crazy degenerate would'nt place the bet afterall and walk home holding his rib cage or he'd pony up his son.....only whales make bets that size, not guys working in wal-mart.....why then should a bank lend whale money to a guppy??...

here's another anology...

If I left the safe open to my bank and left the doors open...who's fault would it be when i come to work the next day and find me money is gone?? :D

big pabst in da house....
 
:D
Quote from ElCubano:

here is the problem....If someone came to said bookie with a $1 million bet he would get his ribs broken in three. Then he would be asked to bring his only son to a safe house till after the game. 2 things would happen, crazy degenerate would'nt place the bet afterall and walk home holding his rib cage or he'd pony up his son.....only whales make bets that size, not guys working in wal-mart.....why then should a bank lend whale money to a guppy??...

here's another anology...

If I left the safe open to my bank and left the doors open...who's fault would it be when i come to work the next day and find me money is gone?? :D

big pabst in da house....
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Quote from Pa(b)st Prime:

:D
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now picture this....imagine a bookie taking unlimited bets on a game that wasnt supposed to end and when it ended his "mark-to-market" spread wasnt -5 but +5..he dont care his dad is Joseph Bonanno

.....oh wait we have those on wallstreet, the fed being the dad...:D
 
Quote from Pa(b)st Prime:

The only people "bullshitting" America is the Whiner Nation contigency in Congress and the media.

This "crisis' was directly caused by American's being deadbeats.

If no one in America had walked away from their LEGAL OBLIGATION to make their mortgage payment or pay their credit card bill then there wouldn't be lenders on the hook.

How does the media portray Wall Street? As greedy. The reality? These institutions were STIFFED by the same America that's squawking over this plan.
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The losses to Wall Street are staggeringly higher than the foreclosure deficiencies generated by Main Street to date from what I can tell.

Whether this is attributable to leverage in the instruments is not clear. I'm a tad more certain that inability to value those instruments and the resulting loss of confidence will turn out to be the big culprit.

The biggest bullshit is that Americans wont be able to get loans. They can get them just fine anywhere down on Main Street.

Course most of us are so fken stupid out here - we'll fall for a pittance on the executive pay limits red hering and then take the full 700B charge right up our asses.

It's an unlikely alliance of BUSH, Wall Street swindlers and kumbaya liberals that have teamed up on this scam.
 
Quote from Pa(b)st Prime:

Wow! You broke that story for me! 'Bout time.
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For people outside of Detroit, this news is as big as it gets. Milan was the most hated person in Detroit at one point, even more hated then our criminal mayor. Bill Ford has been stuck on stupid for so long......it's about f ing time Bill!

I mean bail out whatever, it's not like were going to be able to pay for it ever. Once the baby boomers start retiring en masse our financial system will collapse due to the health system. I mean there is no way in hell it will ever get fixed without pissing a large group of people off. Regardless, there are very tough times ahead.


http://www.youtube.com/watch?v=KGpY2hw7ao8&feature=related
 
Quote from ElCubano:

now picture this....imagine a bookie taking unlimited bets on a game that wasnt supposed to end and when it ended his "mark-to-market" spread wasnt -5 but +5..he dont care his dad is Joseph Bonanno

.....oh wait we have those on wallstreet, the fed being the dad...:D
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And I got a different bone to pick with you Sir - WTF did you people put in Dolphins' gatorade?

That thrashing still hurts :(
 
I just saw on Drudge that John McCain suspended his campaign to go back to DC - good for him - he's a United States Senator for chrissakes and his constituents are relying on him to protect their interest RIGHT NOW.

What on earth is Obama thinking staying out on the trail? Who is looking out for the people of Illinois?

Bush can eat me if he thinks I'm taking a check from a guy with only 120 days in his account - talk about Big Hat - No Cattle.
 
Quote from Trader5287:


What on earth is Obama thinking staying out on the trail? Who is looking out for the people of Illinois?
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When has Obama ever looked out for his constituents in Illinois?
 
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