29 Dec 2021 11:07 pm
The two party system is a game. You can have it RIGHT in the ***, or LEFT in the mouth, but either way, it's a party and you're getting ****.LibDave » 29 Dec 2021, 11:58 pm » wrote: ↑ And I agreed it was likely beyond the line of what should be legal. I also understand the stakes involved and the limited time required to makes things as easy as possible. Understand, this would have meant not just the collapse of the American financial system but London, Europe, Japan, etc. And the issue was more than just debt. It was the uncertainty of debt which was the issue. That was the issue needing immediate address to head off truly global suffering. All the way down to the guy making Nike's in Thailand. I don't condone it, but I do understand the circumstance. I'm truly thankful I wasn't the one making the call. Even though there were moral dilemmas, in the end I think it was the correct move. It was repaid, with a small amount of interest. The same amount of interest it cost the government to provide the funds. So as it turned out US taxpayers didn't foot ANY of the bill. They merely gained no profit from the risk.
But the Paulson Plan that followed and the Geithner Plan WERE NOT LOANS. These cannot be considered even in the gray area. IMHO. We are still operating under the impacts and essentially bought the bad debt. All while politicians were stuffing their pockets with campaign contributions from these same financial power houses. And sure enough the ones selected for relief from their toxic debt and survived were the one's making the donations. This was just sickening.
So I'm not quite so revolted by the initial loans though of course I can see why others might think it was too far.
If you looked at the video, you would know that Bush precipitated the crisis. I have little doubt that you think it was Barney Frank, scheming in his underground lair. And without a doubt, Barney played his farty part, between cheeking young poles. But this was a game by both parties - and your narrative that they were caught unawares and forced to "act quickly" is facile and naive.
Bush set the game in motion by giving away hundreds of billions (and in truth, without the understatement, more than a trillion) in the video that I shared with you - well, tried to share.
Tell me, do you think the patriot act was written in haste, too?
When you complain, ur friends roll their eyes and ur enemies rejoice
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?