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alstry (36.08)

MOAP GOING VIRAL!!!!!! now you really FEEL!!!!!

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October 11, 2009 – Comments (9)

STUPID STUPID FOOLS.....at least some of you.  Have you purchased your Vasoline yet.....you better hurry....chapped lips can be painful when your mouth is close to the floor.

Alstry broke it to you first.....then Denninger yesterday.......and then Calculated Risk today......

“I don’t think it’s a bad thing that the bad loans occurred. It was an effort to keep prices from falling too fast. That’s a policy.”
Barney Frank, chairman of the House Financial Services Committee on recent FHA lending, quoted Oct 9th, 2009 in the NY Times.

A POLICY????..............ARE YOU KIDDING ME?????????????????/

If you fruadulently repsresent to the bank your financial condition....you can go to jail..........when banks make intentionally bad loans.................they get bailed out and billions in bonuses.....and its THE STUPID fools paying them!!!!!!!!!!!!!!!!!!!!!!!!!!!!

HOW HARD DO YOU THINK THOSE WALL STREET BANKERS ARE LAUGHING?????  all the way to THEIR FOREIGN bank account while they now forclose on your home....or else you are stuck paying higher property taxes, mortgage payments, and homeowners insurance premiums as your house crashes in value.

YOU GOTTA ADMIT THE PLAN WAS GENIUS TO BE ABLE TO HOSE SO MANY...... practically an entire nation....and not just any nation.....the greatest capitalist empire in history.....and even make money in the end too as everything crashes.

THE PLAN OF THE GREATEST PONZI SCHEME IN HISTORY.......

Step 1...Drop interest rates to nothing.

Step 2...Loan money to anyone with a pulse

Step 3...Watch the prices of just about everthing skyrocket

Step 4...Keep loaning as profits explode, tax receipts increase, and infect the nation with as much debt as possible before exploding.

Step 5.  Sell that worthless debt to the Stupid Fool's retirement accounts for really high prices and make huge commissions as well...make sure you give some managers kick backs for buying the nonsense debt.

Step 6...Raise Interest Rates 17 times...Cut off credit.......and sit back and watch everything crash...EVERYTHING...while your analysts are reading and talking Goldilocks!!!!!!!

Step 7..Call all the worthless paper TOXIC DEBT instead of Toxic Loans and blame the citizens for borrowing the money AND not knowing the houses, shopping centers, or office buildings were really worthless or near worthless.......AND so the citizens don't get mad when Wall Street Bankers get bailed out.....make sure the crooked politicians are greased on the side when the bankers cry foul and beg for a bailout.

Step 8...As the prices of homes crash, businesses shut down, and unemployment skyrockets.....start repossessing the homes, businesses and commercial real estate WHILE GETTING PAID BILLIONS IN BONUSES OFFERED BY THE CITIZENS YOU ARE HOSING......WHAT A PLAN!!!!!!!!!!!!! and supported by government since it is the POLICY....EVEN BETTER!!!!!!!!!! .......as those who are not getting foreclosed are forced to keep paying ridiculously high mortgage payments and property taxes on practically worthless property......SERIOUSLY....WHO COULD DREAM UP SUCH A PLAN?????

EVERYBODY GETS RICH EXCEPT THE CITIZENS......

By the time most figure it out....banks will be bust, FDIC out of money, retirement accounts will be practically worthless, Pension Guaranty broke, few will have jobs, real estate will have little value, companies will be bankrupt, AND the bankers have raked in MASSIVE AMOUNTS OF MONEY BETTING THE STUPID FOOLS WOULD DEFAULT BY BUYING CREDIT DEFAULT SWAPS FROM THE STUPID FOOLS PENSION PLANS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Can you believe it....not only do Wall Street Bankers get to profit from selling financial crack to the Stupid Fools, they get to reposess their homes and take their retirement accounts, and then profit from betting on the Stupid Fools' failure WHILE BEING BAILED OUT AND BONUSED BY THE STUPID FOOLS......AMAAAAAAZING!!!!!!! 

Seriously, what kind of mind could dream up something like this.........now how will the people react once they find out they are jobless, homeless, and penniless while the bankers are basking on the beach??????????????????????????????????????????????????????????????????

Now can you see why Police Departments are getting militarized crowd control weapons and ARMY blackhawks are doing training exercises in cities around America........who do you think the bankers and crooked politicans really view as terrorists????  Some 6'6" goofball in the mountains of Afghanistan in a white flowing dresslike outfit.....or hundreds of millions of angry citizens right in their backyard?????

Look what they just did to you...... now you Feel after Knowing!!!!!......let's see what is next...........it will be big.....ALSTRY BIG!!!!!!!!!!!!!!!!!!!!!

 

 

 

 

9 Comments – Post Your Own

#1) On October 11, 2009 at 1:29 PM, weg915 (< 20) wrote:

Tipping point.  It's kind of like a pandemic - it's not if it's going to happen but when.

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#2) On October 11, 2009 at 1:32 PM, alstry (36.08) wrote:

Alstry has known for a while......it will be interesting when the rest find out........unless something happens in between to distract.....

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#3) On October 11, 2009 at 1:51 PM, Rasbold (91.59) wrote:

We here in California still have a chance.

 

Gold will always represent true value in any denominated currency.

And we can mine. Funny how Arnold made dredging illegal on the 6th of August, 2009.    Any connection?

 

We are mining anyway!

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#4) On October 11, 2009 at 3:03 PM, alstry (36.08) wrote:

ITS CRAZY!!!  ITS UNBELIEVABLE!!!!  ITS MOAP!!!!!

WASHINGTON (Reuters) – The U.S. economy may be creeping toward recovery after the worst slowdown since the Great Depression, but many states see no end in sight to their diving tax revenues.

Tax revenues used to pay teachers and fuel police cars continue to trail even the most pessimistic expectations, despite the cash from the economic stimulus plan pouring into state coffers.

"It's crazy. It's really just unbelievable," said Scott Pattison, executive director of the National Association of State Budget Officers, and called the states' revenue situations "close to unprecedented."

http://news.yahoo.com/s/nm/20091009/pl_nm/us_usa_state_budgets

IT HAS ONLY JUST BEGUN!!!!!!!!!!!  MANY ARE JUST BEGINNING TO FEEL!!!!!....but many Fools already know.

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#5) On October 11, 2009 at 3:47 PM, rofgile (99.42) wrote:

Your MOAP died in September.  Quit moaping.

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#6) On October 11, 2009 at 4:46 PM, alstry (36.08) wrote:

rog,

What do you think....will Obama tell America it is broke or will he start WW3?

Interesting problem....don't you think????

After all, it was the policy of America to write BAD loans to artifically prop up values.......now much of that badness has spread around the world and a few are really upset.

The badness is now everywhere...especially our own cities, counties, states, schools and hospitals.....time is running out.

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#7) On October 11, 2009 at 5:10 PM, rofgile (99.42) wrote:

America isn't broke.. its maybe highly leveraged.

The future tax revenues still far out-weigh current debts, Alstry. 

We haven't gotten to the point where tax revenues can no longer pay for bills + interest.

If we got to that point - then you'd see a massive printing and currency devaluation occur, but we aren't there yet.  

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We aren't broke Alstry, you still get your medicare, your SS, your roads and hospitals.  You still have a military that receives paychecks every month.  Remember when the Soviets went broke?  Their doctors, soldiers and government employees stopped getting paychecks.  We've only seen this happen for states (and while alarming, these are not precendents on the state level). 

Call me when the military stops receiving their paychecks, etc.

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We aren't going to war either, Alstry.  The last one cost upwards of 3 trillion dollars (in incremental costs).  How would another war lower our debt?   

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#8) On October 11, 2009 at 5:18 PM, alstry (36.08) wrote:

America isn't broke.. its maybe highly leveraged.

The future tax revenues still far out-weigh current debts, Alstry. 

We haven't gotten to the point where tax revenues can no longer pay for bills + interest.

ARE YOU LIVING ON EARTH??????  what do you think we are doing NOW!!!!!!!

Let me repost the above just to give little perspective....

"It's crazy. It's really just unbelievable," said Scott Pattison, executive director of the National Association of State Budget Officers, and called the states' revenue situations "close to unprecedented."

What about unprecedented don't you understand.....and conditions are deteriorating rapidly.

And you are right...we don't have the money to go to war....simply the weapons and manpower.....if we win....we get to take everyone else's assets.

In either case we are broke......we can either fight for money or restructure our own economy.

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#9) On October 12, 2009 at 11:20 PM, LydiaVorst (< 20) wrote:

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered." Thomas Jefferson

enough said.

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