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Financial Mess
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Old 10-18-2008, 08:08 AM
Cash Cash is offline
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Default Financial Mess

What caused this financial mess we are in, just my humble opinion.

The CRA, Community Reinvestment Act, Pres. Carter started and Clinton screwed up (Liberals). Good intentions but everyone can't afford a home.

Conservatives demanding no regulations on the financial markets. Can we all say "golden parachutes".

Wall Street lying about the securities they were selling. All packaged up in a nice little bundles.

Toxic bonds being sold all over the world.

And yes, speculators using fear and capital as a tool to drive down the market further as they sold short.

What do we do, hang tough, start to reinvest, buy American products. Quit exporting our labor. And get off the dependency of foreign oil, by any and all means, But the number 1 thing is let God back into lives, government and schools. Be a land of Morals and hold people accountable, some actions are unacceptable.

It's quite simple to get us back on track and any one who has run a business knows reduce liabilities/expenditures and increase venue.

You know the government has to increase taxes to get out of this mess and at the same time cut it's spending. It's no secret. But do we trust the government to do it NO! Look what happen on the 750 billion financial bail out. Yes, there was even pork added in that bill, hundreds of millions of dollars. ****es me off.

We should get back to what our founding father wanted for our government. No career politicians! 1 or 2 terms! Shoot all the lobbyist! Have it more less like a jury pool, a diversity of people to run our government. With fresh idea's and no strings attached.

As you can see I have to much time on my hands..................Cash
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Old 02-08-2009, 03:44 PM
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Ken Ken is offline
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let's also hope they don't pass this talked-about 0.25%/transaction "financial transaction tax"... that would hinder day and swing trading as well...

-k
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HR1068
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Old 04-01-2009, 11:34 PM
Cash Cash is offline
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Default HR1068

If you are talking bill HR1068 the senator from Oregon's don't worry it won't past and I believe it was taken off the table. It was put in place incase the TARP wasn't paid back. This would have taxed equities, futures and even 401K's. I'd say a little extreme.
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Old 04-06-2009, 12:49 AM
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that's good news!
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