Who Will Be the 2012 Republican Presidential Nominee? - Page 543 - Politics and Economics

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Who Will Be the 2012 Republican Presidential Nominee?

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12-09-2011 , 01:15 PM

#13551

CBorders

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 16,500

Can someone provide a link or maybe just an explanation of how Charles Prince and/or CitiGroup broke the law? I mean, I get that their methods were deceptive etc. but was anything about their mortgage buying/selling strategy illegal?

12-09-2011 , 01:20 PM

#13552

PoBoy321

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Quote:

Originally Posted by CBorders

My understanding is that it basically boils down to the same reasoning why you can't buy fire insurance on someone else's house. You then have an incentive to burn it down.

At least that's part of it. I think the more important issue is that they bundled these toxic mortgages, knowing that they were going to fail, took out insurance in the event that they failed, and then sold those products off to investors, selling them as great investments.

12-09-2011 , 01:21 PM

#13553

General Tsao

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Join Date: Feb 2007 Posts: 30,575

suzzer i dont understand lines and all that other betting terminology

but you're offering 5:1 on paul beating Obamz if he gets the nom? your $500 to my $100?

12-09-2011 , 01:23 PM

#13554

Ineedaride2

Politics Court Jester

Join Date: Oct 2005 Posts: 25,080

Quote:

Originally Posted by suzzer99

Oh man that sounds so horribly painful. Lets just kill SS now to avoid the horror of somewhat increased SS taxes and 10% reduced benefits. TIME TO PANIC.

Isn't this basically you responding exactly like mosdef said you would?

12-09-2011 , 01:35 PM

#13555

Case Closed

self-banned

Join Date: Feb 2005 Posts: 19,112

Ikes,

Kk v. K2 IMO. Ron Paul would lose every state v Obama.

12-09-2011 , 01:36 PM

#13556

LKJ

Smugly Contemptuous

Join Date: Aug 2003 Posts: 93,732

Still can't believe I once busted out of a final table with KK vs. K2...

12-09-2011 , 01:38 PM

#13557

Almond

centurion

Join Date: Aug 2010 Posts: 198

I'm not sure who could have seen this coming. Actress Jane Fonda says she is scared of all the GOP candidates & does not plan on voting for any. Glad she let us know her thoughts on the matter.

"Good News: GOP Candidates Scare and Depress Jane Fonda"

http://dougpowers.com/2011/12/09/goo...ss-jane-fonda/

12-09-2011 , 01:54 PM

#13558

Scary_Tiger

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Join Date: Oct 2005 Posts: 21,487

Quote:

Originally Posted by General Tsao

suzzer i dont understand lines and all that other betting terminology

but you're offering 5:1 on paul beating Obamz if he gets the nom? your $500 to my $100?

He's offering you 5:1 on Ron Paul getting the Republican nomination.

i.e. You win if it's Ron Paul, he wins if it's anyone else.

Last edited by Scary_Tiger; 12-09-2011 at 02:00 PM.

12-09-2011 , 02:00 PM

#13559

deeshen13

centurion

Join Date: Apr 2009 Posts: 174

Which is a stupid f'in bet so let's stop clogging up this thread with suzzer's ridiculous offers.

12-09-2011 , 02:01 PM

#13560

Case Closed

self-banned

Join Date: Feb 2005 Posts: 19,112

Quote:

Originally Posted by Almond

I am no one cares what Hanoi Jane Fonda has to say about anything.

12-09-2011 , 02:07 PM

#13561

General Tsao

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Join Date: Feb 2007 Posts: 30,575

Quote:

Originally Posted by General Tsao

suzzer i dont understand lines and all that other betting terminology

but you're offering 5:1 on paul beating Obamz if he gets the nom? your $500 to my $100?

Quote:

Originally Posted by Scary_Tiger

He's offering you 5:1 on Ron Paul getting the Republican nomination.

i.e. You win if it's Ron Paul, he wins if it's anyone else.

oh totally misread what he was saying, i just skimmed and saw the word push thought he was offering the same bet, BUT NOW I C.

nvm suzzer gg etc.

12-09-2011 , 02:18 PM

#13562

monkeylump

veteran

Join Date: May 2011 Posts: 2,015

Quote:

Originally Posted by deeshen13

Which is a stupid f'in bet so let's stop clogging up this thread with suzzer's ridiculous offers.

This. Cut it out fellas. Its just lame.

12-09-2011 , 02:22 PM

#13563

suzzer99

Save the Cheerleader, Save the World

Join Date: Nov 2005 Posts: 100,711

So what? I made my points and provided quotes to back them up. Does him calling that out ahead of time somehow invalidate my points?

I don't even understand what his argument is. SS needs to be tweaked but we shouldn't tweak it because it might need to be tweaked more in the future? Ok.

Also SS faces it's biggest challenges in the next twenty years or so due to the baby boomer demographic bubble. Once that's worked through, it won't be a major task to set up a sustainable system for SS.

12-09-2011 , 02:35 PM

#13564

adios

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Join Date: Sep 2002 Posts: 22,540

Quote:

Originally Posted by suzzer99

I don't want to get into a pissing contest about what "tweaking" SS entails. I agree that there are many ways to raise revenue and that the govt should honor it's commitments. I'm saying that the system in it's present form isn't as secure as it was intended to be or as it's portrayed to be.

BTW this came across the wire today:

NLRB Drops Case Against Boeing

Quote:

A top official with the National Labor Relations Board announced on Friday that the agency was dropping its politically charged case against Boeing, in which the agency had accused the company of violating federal labor law by opening a new aircraft production plant in South Carolina.

The N.L.R.B.’s acting general counsel, Lafe Solomon, said the labor board had decided to end the case after the machinists’ union — which originally asked for the case to be brought — had urged the board on Thursday to withdraw it.

On Wednesday night, the union announced that 74 percent of its 31,000 Boeing workers in Washington State had voted to ratify a four-year contract extension that includes substantial raises, unusual job security provisions and a commitment by Boeing to expand aircraft production in the Puget Sound area.

12-09-2011 , 02:40 PM

#13565

pvn

Guest

Posts: n/a

Quote:

Originally Posted by rjoefish

How have you guys not seen that video before?

huh? I've posted it like 20 times probably over the years.

12-09-2011 , 02:42 PM

#13566

adios

Carpal \'Tunnel

Join Date: Sep 2002 Posts: 22,540

Quote:

Originally Posted by PoBoy321

And don't forget the rating agencies rated the securities.

There's not really a problem with taking out the insurance in my view given the nature of how CDOs are constructed IE "insurance" is typically used for the highest rate tranches.

12-09-2011 , 02:46 PM

#13567

rjoefish

Got Out the Vote

Join Date: Feb 2006 Posts: 31,086

Quote:

Originally Posted by adios

I lol'd pretty hard at Boeing's response.

12-09-2011 , 02:59 PM

#13568

Wynton

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Join Date: Sep 2003 Posts: 15,189

Betting on hypothetical events that will never come to pass actually sounds like fun.

What odds can I get that, when they meet in next year's World Series, the Mets will beat the Orioles in six games?

12-09-2011 , 03:01 PM

#13569

seattlelou

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Join Date: Dec 2009 Posts: 31,584

Thanks for your post on SS mosdef.

12-09-2011 , 03:08 PM

#13570

Max Raker

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Quote:

Originally Posted by David Sklansky

Therefore if Romney think that Gingrich deserves crticism it can only be because he thinks that Cathlocism is obviously an incorrect religion. Does he really want to go there?

Or...huge shocker....candidates will say things that aren't consistent or that they really don't believe if they think it will help their chances....in this case by hurting the chances of his main rival.

12-09-2011 , 03:13 PM

#13571

David Sklansky

Administrator

Join Date: Aug 2002 Posts: 17,360

Quote:

Originally Posted by Max Raker

Obviously. When I say "it can only be because" I say it sarcastically.

12-09-2011 , 03:27 PM

#13572

Max Raker

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Join Date: Apr 2005 Posts: 15,738

Quote:

Originally Posted by David Sklansky

Obviously. When I say "it can only be because" I say it sarcastically.

Ok...i wasn't sure if you actually expected romney to have such degrees of internal consistency.

12-09-2011 , 03:46 PM

#13573

suzzer99

Save the Cheerleader, Save the World

Join Date: Nov 2005 Posts: 100,711

So no one feels like responding to my post that claims worst case scenario SS benefits would have to drop 80% assuming no tax increase? So let's say modest tax increase and cut to 90% of current benefits.

Why is that so terrible again that we have to wring our hands and decry the entire existence of SS?

Oh yeah, because people who hate any kind of social safety net will use any opportunity to paint SS as unsustainable.

12-09-2011 , 03:49 PM

#13574

suzzer99

Save the Cheerleader, Save the World

Join Date: Nov 2005 Posts: 100,711

Quote:

Originally Posted by adios

Well that will happen when you have people living longer combined with a massive baby boom generation starting to hit SS age. It doesn't mean the entire concept of SS was unsound to begin with.

12-09-2011 , 04:05 PM

#13575

seattlelou

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Quote:

Originally Posted by suzzer99

Well that will happen when you have people living longer combined with a massive baby boom generation starting to hit SS age. It doesn't mean the entire concept of SS was unsound to begin with.

The funding of this program was never on sound financial ground suzzer. The more appropriate analogy is the one of mortgage industry's teaser rate where they offered a below market rate for the first year to suck you in and then jack up the rates in year 2.
The obv difference in my analogy is that the mortgage industry disclosed what was going to happen in year 2 and the govt did not.

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