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Larry Kudlow of CNBC Reporting of Emergency Federal Reserve Meeting Tonight
CNBC television | 7/23/2002 | Larry Kudlow

Posted on 07/23/2002 5:11:52 PM PDT by rumrunner

Larry Kudlow mentioned that the Federal Reserve may be meeting tonight to discuss the exposure of Citibank and JP Morgan Chase to derivatives and the stock market collapse.

Possible that both banks have billions of derivatives that need to be unwound. Would collapse the banking industry.


TOPICS: Breaking News; Business/Economy; Government
KEYWORDS: cnbc; democratsdream; federalreserve; larrykudlow
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To: My Favorite Headache
bUMP
301 posted on 07/23/2002 10:06:56 PM PDT by TLBSHOW
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To: Endeavor
whole darn lot of them weren't in cahoots on the whole thing - they were willingly running their companies into the ground solely because of their own personal greed (just like the Enron execs). Is that the correct read? 28 posted on 7/23/02 5:34 PM Pacific by Endeavor [ Post Reply

NO doubt all these white collar thiefs are part of that East coast Ivy League good ole boy club! When will we rise up and SMASH THIS CLUB??!

302 posted on 07/23/2002 10:09:18 PM PDT by timestax
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To: dixiechick2000
IMHO, raising their taxes is stealing their savings. heheh

Well I tend to agree with you I'm just speaking about the public in general .. many folks don't realize it is the same

303 posted on 07/23/2002 10:10:52 PM PDT by Mo1
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To: #3Fan
Oh <expletive deleted>. All I have to say is round up S(l)ick and all his gang and shoot them.
304 posted on 07/23/2002 10:10:55 PM PDT by steveegg
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To: Diddle E. Squat
Relax. Even if it totally goes to Hell in a handbasket(socialist HRC government takes over), all the good conservatives can simply migrate to Texas and we'll threaten to seceed.

Sounds good. I want the western panhandle!

Any such movement would likely be joined by Alabama, Mississippi, Oklahoma, Kansas, Utah, Wyoming, and Idaho. Given such a revolt, one or more of Colorado, Montana, Nevada, Arizona, Lousiana, Tennessee, might also be coaxed into threatening to seceed. Should most of these join, Kentucky, Ohio, and one or both Dakotas would also be in play. Now you would have too big a movement to suppress militarily, thus provoking a constitutional crisis. HRC might have the electoral college and popular vote(and a newly packed 15 member USSC), but not the land mass, resources, and distribution of economic producer assets in her favor. So it could come down to resign, or we seceed. Either way, conservatives triumph in the long run. Though it will never come to this, its nice to remember that good productive people usually find a way to regain the trump card. Recreational tinfoiling can be fun.

I know what you're saying. When it looked like this country wasn't going to snap out of it's Clinton haze a few years ago, I thought this was going to be necessary. Western California, Western Oregon, and Western Washington state are basically the same tribe and are liberal new age types. The big Great Lakes cities and New England down the eastern seaboard to Washington DC forming a crescent are bacically the same tribe and are liberal union types. The rest are the freedom-loving heart and soul of the original American spirit. We get San Diego though, we need a West Coast seaport, and San Diego is the most conservative. And I'd imagine a few of those gun-loving western Canadian provinces would join up with us, also. We might as well solve their liberalism problems the same time we solve ours.

Recreational tinfoiling, this is fun. :^)

305 posted on 07/23/2002 10:11:58 PM PDT by #3Fan
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To: Scott from the Left Coast
I dunno, seems like the demographics battle has been lost somewhat overwhelmingly in Washington and Oregon, so my guess is any dissension would be effectively contained by their governors. So first, portions of those states would have to seceed from that state, by the time that's done the train has left the station. Better shot at adding Alberta, but BC is probably too left(Vancouver-centric). Don't know about the Yukon and NW Territories, so I'll assume no. But Alaska would certainly be on board. Seems like some alliance(payoff) with Mexico would be needed to establish a Pacific port(Tijuana, or Gulf of California south of Arizona).

So I guess ya'll have to migrate, or wait until the economic success of the republic is luring enough to mount a campaign to regain your statehouse.

Kinda like playing Risk without the armies.
306 posted on 07/23/2002 10:14:28 PM PDT by Diddle E. Squat
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To: Mo1
I was just funnin' ya'...
and, you're right, sadly, that many people don't realize that fact.
307 posted on 07/23/2002 10:14:43 PM PDT by dixiechick2000
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To: TLBSHOW

This 188' Abeking and Rasmussen will only cost you $280,000 per week to charter, and you can bring 11 of your friends.

These are the kinds of pals the Rubins of the world have. They're not worried. The rest of us can sell apples, it will still be lobster and champagne for them. They are untouchable, or as they say, "borders and laws are for the little people."

308 posted on 07/23/2002 10:15:36 PM PDT by Travis McGee
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To: TLBSHOW
Good work. I hope your keeping a file on all the exploits of the Rubin Mafia.
309 posted on 07/23/2002 10:17:02 PM PDT by Diddle E. Squat
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To: rumrunner
This could be very very bad.
310 posted on 07/23/2002 10:18:36 PM PDT by Vets_Husband_and_Wife
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To: Diddle E. Squat
Aha! But now the rest of the story (see, I'm getting in form for the new mag!):

Over the last 30 years there have been five efforts made by eastern Wash. and eastern Oregon to secede from the western parts of their states and join with northern Idaho as a new state (one of the bills -- in 1981, I think it was -- named the new state as the state of "Lincoln").

So, you see, there's precedence. And the Cascade mountains would make for one helluva great defensive position.

311 posted on 07/23/2002 10:19:58 PM PDT by Scott from the Left Coast
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To: All
Asian-Pacific Stocks Slide, Tokyo Lower at Midday as U.S. Plunge Continues

http://story.news.yahoo.com/news?tmpl=story&u=/dowjones/20020724/bs_dowjones/asian_pacific_stocks_slide__tokyo_lower_at_midday_as_u_s__plunge_continues
312 posted on 07/23/2002 10:22:10 PM PDT by TLBSHOW
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To: steveegg
All I have to say is round up S(l)ick and all his gang...

The sheeple were so selfish they said the only thing that mattered was that their 401ks were growing when Clinton and his gang were committing their crimes in the 90s. Now that the sheeple's 401ks are diving, maybe we can finally have justice. But I'm not really sure if the sheeple deserve to have these Clinton crooks held accountable for raiding these same sheeple's future.

313 posted on 07/23/2002 10:22:30 PM PDT by #3Fan
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To: rumrunner
you mean we don't even have 1 Freeper in the meeting, it is late in the evening now, I was hoping for a wrapup of what happened </joke>
314 posted on 07/23/2002 10:23:00 PM PDT by Red Jones
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To: Scott from the Left Coast
WASHINGTON (Reuters) - If the stock slump wasn't bad enough, shareholder value at some top oil and natural gas companies could fall by another 6 percent because of environmental costs and risks in the coming decade, according to a Wednesday report by an environmental think tank.

http://story.news.yahoo.com/news?tmpl=story2&cid=568&ncid=749&e=8&u=/nm/20020724/bs_nm/energy_investments_dc_1

315 posted on 07/23/2002 10:26:12 PM PDT by TLBSHOW
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To: #3Fan
They might not deserve it, but WE do.
316 posted on 07/23/2002 10:27:09 PM PDT by steveegg
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To: TLBSHOW
Living in the land of the enviro-wacko-druids (you know, the place where everything is burning up because they refuse to allow you to do anything to trees except hug them), I must warn you to disregard anything produced by an "environmental think tank".

Environmental think tanks are where all the Marxists have gone to moulder.

317 posted on 07/23/2002 10:30:26 PM PDT by Scott from the Left Coast
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To: Scott from the Left Coast
And the Cascade mountains would make for one helluva great defensive position.

Yeah, but can Seattle catapult their cows over that range? I'm sure that they could fart in your general direction. Talk about a nasty Chinook... Well, if rural eastern WA were able to seceed, I'm wondering if Clark(Vancouver, the most conservative part of the Portland metro) and/or Cowlitz County would leave, too. That would give access to the Pacific, no locks on the Columbia south of there. Kinda sticky relying on a river, but its a start. What about Pacific, Wahkiakum, or Gray's Harbor Counties, primarily logger or Native American dominated? Any of those three would provide an excellent harbor location for a base.

318 posted on 07/23/2002 10:30:33 PM PDT by Diddle E. Squat
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To: Nam Vet
Cold hard cash.
319 posted on 07/23/2002 10:30:44 PM PDT by steveegg
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To: #3Fan
The sheeple were so selfish they said the only thing that mattered was that their 401ks were growing when Clinton and his gang were committing their crimes in the 90s. Now that the sheeple's 401ks are diving, maybe we can finally have justice. But I'm not really sure if the sheeple deserve to have these Clinton crooks held accountable for raiding these same sheeple's future.

Sadder still, I doubt they even want them punished. It wouldn't surprise me at all to see the sheeple put them right back in power.

320 posted on 07/23/2002 10:30:54 PM PDT by comebacknewt
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To: TLBSHOW
Where did the money all go? Here's one area to check:

This little gem is not for charter at this time, it was just launched in 2000. It's German, 244 feet long, goes 38 knots max (that's REAL fast) and has a 2500 nautical mile range. There are hundreds more megayachts like her and even better out on the world's oceans today.

During the 1990s there has been an incredible unprecedented boom in the construction of megayachts. One hundred footers no longer even qualify: "megayachts" now start at 150 feet and go WAY up. These yachts make the yachts of the 1920s and 1930s seem like bathtub toys. The interiors are literally gold and marble and silk and exotic woods.

During the 1990s entrepreneurs and funny money men went on a yacht building binge orders of magnitude beyond anything ever seen in history. It's as if they saw the bubble stretching and getting ready to burst and wanted not only to move assets overseas, but to get ready for a life of luxury on the lam.

Folks in this strata don't worry about the fallout of the 1990s affecting them, and they have been able to pull powerful politicos into their orbits by arranging "vacations" and junkets on their little toys in exotic ports.

321 posted on 07/23/2002 10:35:27 PM PDT by Travis McGee
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To: steveegg
They might not deserve it, but WE do.

True. The lying media is our biggest nemesis. They're the one's that make all this possible by not doing their job for 8 years and even contributing to the crimes by covering for them.

322 posted on 07/23/2002 10:35:54 PM PDT by #3Fan
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To: Diddle E. Squat
What about Pacific, Wahkiakum, or Gray's Harbor Counties, primarily logger or Native American dominated? Any of those three would provide an excellent harbor location for a base.

Better stick to the river, only two types of folks in Pacific and Grays Harbor: Those who work in Indian Casinos and former loggers who are on government support (for the 20th year or so) because it keeps coming and they haven't been able to log for a generation (ever since the hippies came and started worshipping trees and spotted owls).

323 posted on 07/23/2002 10:37:00 PM PDT by Scott from the Left Coast
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To: comebacknewt
Sadder still, I doubt they even want them punished. It wouldn't surprise me at all to see the sheeple put them right back in power.

True, people love lies.

324 posted on 07/23/2002 10:37:53 PM PDT by #3Fan
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To: comebacknewt
Sadder still, I doubt they even want them punished. It wouldn't surprise me at all to see the sheeple put them right back in power.

That's exactly what they're counting on. Only this time, the sheeple are in for a nasty surprise as Operation Full Socialism kicks into high gear.

325 posted on 07/23/2002 10:41:21 PM PDT by steveegg
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To: Vets_Husband_and_Wife
Bad, as in -500/-60/-50 bad? I hope you took your Dramamine; you're going to need it tomorrow.
326 posted on 07/23/2002 10:42:52 PM PDT by steveegg
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To: monkeyshine
If the fed's doing an emergency meeting there's sure to be intervention. In this case on perhaps a global scale.

I was out of the puts today - thinking the news was the worst. Perhaps I was early. Tomorrow will tell.

Next time - if there is one....don't jinx me, please.
327 posted on 07/23/2002 10:47:09 PM PDT by d4now
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To: steveegg
"Cold hard cash. "

Please expand on your opinion. Did ya check the chart, etc?

Nam Vet

328 posted on 07/23/2002 10:50:13 PM PDT by Nam Vet
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To: Scott from the Left Coast
Hmmm, then what's your take on British Columbia and Bellingham? I've kinda assumed that BC leaned left, but occassionally hear hints of otherwise.
329 posted on 07/23/2002 11:01:17 PM PDT by Diddle E. Squat
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To: Nam Vet
That was my gut reaction based on current market conditions, especially in the banking sector. If Citigroup and JP Morgan Chase go down, they're going to drag the rest of the industry, even those banks that are healthy, with them.

It does appear that First Community is rather healthy (they have a decent EPS, and they do pay a dividend). The history of their price spikes and subsequent crashes worries me some. It seems each time it climbs to a peak (which is done quite quickly), it bottoms out just as quickly and sits there a while.

If you can wait, I'd wait until the effects of Citigroup/JP Morgan are known. If they're not too bad, and you've double-checked their books, then the stocks seem to be a good option. If you can't wait, or the entire banking industry really gets shaken, or the books don't smell quite right, take the money and run.

330 posted on 07/23/2002 11:08:03 PM PDT by steveegg
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To: ElisabethInCincy
gosh elisabeth, I'm not as expert as some, but I will try, sorry no one has helped sooner.

You know stock market has declined rapidly in last few weeks. Everyone knew that stock market was tremendously over-valued as price/earnings ratios were and still are far far higher than historical norms. So, a correction was expected. But if stock market goes back to historical ratios of stock price to earnings (company's income), then it will still decline another 30-40%. It is unlikely that decline will go that deep because people have a lot of money nowadays to invest and they have to put it somewhere. But still, we don't know where it will stop declining. This is compounded by the fact that the average company listed on the stock market is heavily in debt. I read that their average debt is 75% of their value, whereas historically the big companies listed had only 40% of their total value in debt. So, when their stock prices decline, then it looks like for many their total company value will be less than their debt. I would think that this could spell bankruptcy for a significant number of companies. Today AT&T reported that they lost 12 billion dollars in only 3 months time. Evidently, AT&T has been lying for a long time about their financial condition, their executives are coming clean now because of new legislation that may be passed that will throw them in jail if they continue to lie. So, a number of companies are now under pressure to come clean.

But what has apparently triggered the meeting tonight is that CitiGroup? and JP Morgan, 2 very very big banks, have made a lot of very bad loans to enron and other companies that are going under. It seems that without government intervention these huge banks will go bust. If they go bust, and all of this drama is allowed to unfold, like dominoes company after company and bank after bank will fold, then we will certainly have a depression similar to 1930's.

Alan Greenspan and his friends at the federal reserve have some plan for heading this off, that's what the meeting is about. The federal reserve has the power to create money. Most likely they will simply create a lot of money and give it to these big banks. Printing money out of thin air and giving it to some people means that everybody else's money becomes less valuable in real terms. Corruption is simply being normalized on a grand scale and even further institutionalized, that's what's going on tonight at the big meeting ElisabethInCincy.

331 posted on 07/23/2002 11:09:18 PM PDT by Red Jones
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To: steveegg
Agree, do you have any Dramamine I can borrow? And if it doesn't hit tomorrow, it will hit. Greenspans "irrational exuberance" comment is becoming a reality, in more ways than one.

President Bush is in our prayers. He needs our support more than any President in our Nations history. What the media will try to do.. is going to be even more sickening than it already is. They honestly don't realize that Americans are getting it.

I said he inherited a mess right after he took office, and I never realized how prophetic those words would be, or how much I wish I had been wrong.

There truly are evil things at work in our country. From 9/11 to what is happening economically. But they all happened under a certain someones watch. And I can't forget it..nor do I think we should.

We WILL get through this, and we will be stronger for it,.. and we have no choice but to be strong as it happens. Thats America, Americans.

We MUST realize what took place that allowed it to happen. (I disagree with this mamby pamby stuff of not saying WHY it happened, ie; Clinton and the Democraps). How can we learn from our mistakes if we never admit them?

It won't be the end of the World, but it will hurt. We will get through this,.. but we must realize "collectively" our past mistakes. Character, DOES MATTER.....
332 posted on 07/23/2002 11:09:55 PM PDT by Vets_Husband_and_Wife
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To: #3Fan
Oh please. There are Conservatives in ALL of the places you tarred and there are damned Liberals, in ALL of the places, which are supposedly oh so sublime.

Absolutely NO ONE banded together, to form their own country / overthrow this one, during the Clinto years, and they won't do so now . This kind of talk, makes FFR look far worse, than our enemies claim that it and we are. Not only is it KOOK and tinfoil gibberish , it is patently juvenile, purile, and bordering on the insane.

333 posted on 07/23/2002 11:14:58 PM PDT by nopardons
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To: rumrunner
One word... banks! Look out below...

Tsunami warning...

334 posted on 07/23/2002 11:49:01 PM PDT by DoughtyOne
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To: steveegg
I've got until 12 August to elect cash, stock or a mix. They demand at least a 45% stock, 55 % cash election overall. I have the thought of taking all stock because the big insider (Eggemeyer?)has been buying heavily for the last few months.

Nam Vet

335 posted on 07/23/2002 11:55:56 PM PDT by Nam Vet
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To: d4now
LOL. Ok, sorry :-(
336 posted on 07/24/2002 12:02:16 AM PDT by monkeyshine
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To: nopardons
Oh please. There are Conservatives in ALL of the places you tarred and there are damned Liberals, in ALL of the places, which are supposedly oh so sublime.

Well, you're taking my post a little too serious, but yes there are conservatives and liberals scattered everywhere but in some areas of the country one outnumbers the other, causing states to be won or lost. Every election, I get to go out and vote for a Republican only to come home and see the damned state has already been called for the Democrat because they count just a few districts in labor union Chicago and can tell that our Republican counties down south here have already been outnumbered, and they haven't even counted any county from down here yet. It's always one of the first states to be called.

Absolutely NO ONE banded together, to form their own country / overthrow this one, during the Clinto years, and they won't do so now .

I didn't say they did. It was just a fun mental excercise between a few of us.

This kind of talk, makes FFR look far worse, than our enemies claim that it and we are. Not only is it KOOK and tinfoil gibberish , it is patently juvenile, purile, and bordering on the insane.

I wonder if the royalists said the same to Paine and the others when they got all bent out of shape over a 4 cent tax. My views haven't been represented in Washington since the 1920s. We had one president (Reagan) that may have tried to cut government but government ended up growing even more during his term because of the 24-7 lies and propaganda against him from the media and the politicians based in the areas I pointed out. Every year since FDR taught people how easy it is to vote oneself other people's money, we've been having to pay for the livelihood of more and more parasites every year. By parasites, I don't mean the handicapped, I mean liberal art students, lawyers, welfare queens, drug addicts, prison inmates (they should work while they're being punished), bureaucrats, permanent students, etc. And now Clinton and his gang lost trillions of the taxpayers money (because we're going to cover the losses) to make billions for themselves. That's trillions with a "tr"! How much more of this propaganda-driven crap is going to go on before something radical happens? I won't start it, but I know where I'll go if it starts. Look at a Rand-McNally road atlas book. Look at the western states. Look at how much land the federal government now owns. Every year a higher percentage of the population works for the government living off fewer and fewer of us in the private sector. That is a slide toward socialism. Do you think this can go on forever? At what percentage do the producers say "Enough!"? Every day I have to listen to lies from TV, the Networks, Hollywood and the media about conservative principles. These liars are based in a small geographical area...LA, New York, and Washington DC.

Do you ever get tired of financing the enemy?

337 posted on 07/24/2002 12:09:01 AM PDT by #3Fan
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To: #3Fan
Ive got to agree to a large extent, Here in Portland, on the radio, it was pointed out that a vote for a certain tax increase has 20% of the voters directly benefitting from the increase. How can ya win starting in that big of a hole?

Nam Vet

338 posted on 07/24/2002 12:18:37 AM PDT by Nam Vet
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To: #3Fan
Blah, blah, blah, blah ! It's the dead voting, even more than the Unions, in Chicago. It's also the paid minorities and the limosine liberals. Don't attempt to lecture me, on this; I lived in Chicago, for 17 years and knew all about it, long before I even moved there. I probably was more tired of paying for social parasites, before you were even born / out of diapers, than you are now. I know all about everything you've decided to enumerate upon, and so do most FREEPERS. This is NOT the place to assume that you know it all / everything / have to " educate " the masses.

You and the rest of the tinfoil crowd, who pop up every so often, claiming that there's going to be an " insurrection ", or every Conservative should / will move someplace else, just gives our enemies reason to ridicule us. It's baseless , banal, juvenile, purile, totally meritless, and if you think it's fun, then don't wait, go out and do it. Otherwise, all you are doing, is making a fool of yourself and doing harm to this site. Is this what you REALLY want to do ? Think about it. :-)

339 posted on 07/24/2002 12:19:37 AM PDT by nopardons
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To: Nam Vet
Ive got to agree to a large extent, Here in Portland, on the radio, it was pointed out that a vote for a certain tax increase has 20% of the voters directly benefitting from the increase. How can ya win starting in that big of a hole?

I know what you mean. My mom had a government worker come to her house to look it over to see if he could give her a check for house repairs. Some kind of beautification fund or something. My mom's a Democrat but even she thought that was a waste of taxpayer money.

340 posted on 07/24/2002 12:31:57 AM PDT by #3Fan
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To: nopardons
! It's the dead voting, even more than the Unions, in Chicago.

Exactly. That stuff doesn't go on down here like it does up there.

It's also the paid minorities and the limosine liberals.

Right. That stuff doesn't fly down here.

Don't attempt to lecture me, on this; I lived in Chicago, for 17 years and knew all about it, long before I even moved there. I probably was more tired of paying for social parasites, before you were even born / out of diapers, than you are now. I know all about everything you've decided to enumerate upon, and so do most FREEPERS. This is NOT the place to assume that you know it all / everything / have to " educate " the masses.

It's not a matter of education, it's a matter of knowing that the private sector can only support so many people in the government efficiently. Every year there's a fewer percentage of private sector workers. There is a point where the system will not support more people going into government, just like 200-1 PEs were as far as that could go.

You and the rest of the tinfoil crowd, who pop up every so often, claiming that there's going to be an " insurrection ", or every Conservative should / will move someplace else, just gives our enemies reason to ridicule us.

I didn't say there was going to be an insurrection. Show me where I said that.

It's baseless , banal, juvenile, purile, totally meritless, and if you think it's fun, then don't wait, go out and do it.

I'm not a rebel, it's against Romans 13. Vengeance belongs to God in cases like these. If He decides to take vengeance on the parasites and liars, I'll know where I'll go, like I said. Otherwise I wait and do what I can.

Otherwise, all you are doing, is making a fool of yourself and doing harm to this site. Is this what you REALLY want to do ? Think about it. :-)

People will decide who is the more foolish, one who looks at a situation and contemplates all possible outcomes, or one who dismisses the laws of human nature thinking that everything will continue as they have for decades, even though history is full of examples of sudden change brought about by injustices.

341 posted on 07/24/2002 12:53:39 AM PDT by #3Fan
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To: nopardons
You didn't answer my question, by the way. The taxpayer will have to bail out JP Morgan to the tune of trillions probably. Rubin is the one that made these 700-1 derivitive positions possible. That ain't no big deal to you?
342 posted on 07/24/2002 12:57:33 AM PDT by #3Fan
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To: #3Fan
Again you swipe, with far too broad a brush! I doubt that voter fraud is centered in ONLY Dem majority districts / towns / cities.

You weren't invoking GOD, when you made your original statements; don't do so now.

Your proposals were irrational, been posted here before, been deleted by Jim, himself, and asked to NOT be posted in the future.

Yes, indeed, lurkers / readers will see what's been posted and be able to call a spade, a spade; just as I was able to do.'Nough said, dear. LOL

343 posted on 07/24/2002 1:00:56 AM PDT by nopardons
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To: #3Fan
Yes, it's a " big deal " ; however, it's nothing new. This has happened time and time and exhaustively, time again. What ... you think that this is the first time this has happened ? This has happened so many times, in this nation's history, that it's no surprise. People knew ( speculated upon, as it was THE only way that the bubble could have been sustained ! ) that this was the case, when it was happening.

What's the point of having a hissy fit now ? There isn't a thing that you can do about it. Perhaps you should read up on Market history, and venality, before you use today's problems as something unusual / peculiar.

BTW, J.P. Morgan ( the man and hjis bank ! ) pulled the coals out of the fire, so to speak, at the behest og the government, during several Panics and attempted to help, during the Crash of '29.

344 posted on 07/24/2002 1:08:39 AM PDT by nopardons
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To: nopardons
Again you swipe, with far too broad a brush! I doubt that voter fraud is centered in ONLY Dem majority districts / towns / cities.

I bet it mostly is. The Democrats are the party of liar Clinton, treasoner Clinton, lying Daschle, abortioners, convicts, the Kennedys, lying professors, Hollyweird, etc. What's vote fraud to those type?

You weren't invoking GOD, when you made your original statements; don't do so now.

I can do what I want. You told me to be a rebel, I told you why I won't.

Your proposals were irrational, been posted here before, been deleted by Jim, himself, and asked to NOT be posted in the future.

I didn't propose anything. Show me where I did.

Yes, indeed, lurkers / readers will see what's been posted and be able to call a spade, a spade; just as I was able to do.'Nough said, dear. LOL

When the bill comes due for the trillions Clinton and Rubin squandered away in their derivitive reelection schemes these posts will be mild.

And I'll ask again: Are you just going to happily pay these trillions and say "boys will be boys"?

345 posted on 07/24/2002 1:15:22 AM PDT by #3Fan
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To: nopardons
Yes, it's a " big deal " ; however, it's nothing new.

This is new. $45 trillion is many times more than GNP. Better hope these can be reduced without massive defaults.

This has happened time and time and exhaustively, time again. What ... you think that this is the first time this has happened ? This has happened so many times, in this nation's history, that it's no surprise. People knew ( speculated upon, as it was THE only way that the bubble could have been sustained ! ) that this was the case, when it was happening.

Yes, markets decline many times, but a political party (the Democrats) have never risked 4 times the GNP on a money scheme.

What's the point of having a hissy fit now ? There isn't a thing that you can do about it. Perhaps you should read up on Market history, and venality, before you use today's problems as something unusual / peculiar.

I think you need to read this thread. This thread isn't about the market decline, it's about a $23.4 trillion derivitive position that may bring down JP Morgan. One company has more than two times GNP invested! You think that goes on all the time?!

BTW, J.P. Morgan ( the man and hjis bank ! ) pulled the coals out of the fire, so to speak, at the behest og the government, during several Panics and attempted to help, during the Crash of '29.

That guy is dead. There was a new guy running the show and it was FOB Rubin.

346 posted on 07/24/2002 1:23:26 AM PDT by #3Fan
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To: #3Fan
I didn;t tell you to be a " rebel "; you did that on your own.

I never said " boys will be boys ". What I asked of you, was a) what are you going to do about it? b) Not to talk about this, as though it is something new and tatally unheard of . c)go learn some history.

Sooooooo, only Dems / Liberals are corrupt, steal elections, commit any type of voter fraud ? Not so. Unfortunately, there have been / are rotten apples on both barrels. The Dems ; however , seem to have a majority of these types, though. :-) You really , really, REALLY need to learn some history. No one debate with someone, who is utterly unfamiliar with the topic and replies emotionally.

Since you are so fond of questions, let me put one to you . Instead of the Fed trying to do something , and perhaps forstalling a major DEPRESSION and BANK FAILURE, would you prefer to have both ?

Please explain why it is, that you can't remember what you have written, and need me to repost what you have said.

Kindly stop twisting what I post, to suit your benighted and peculiar postions. Also, do learn how to use modifiers. :-)

347 posted on 07/24/2002 1:25:54 AM PDT by nopardons
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To: #3Fan
When you finally read up on American, not to mention banking and Market history, I'll be able to engage in debate, with you. Until that time ( and it would really help, massively, if you also understood that money is proportional, to the time frame ), we're through, finished, completed, done with this banal exchange. There's absolutely NO sense in continuing . :-)
348 posted on 07/24/2002 1:29:59 AM PDT by nopardons
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To: nopardons
I didn;t tell you to be a " rebel "; you did that on your own.

Show me where I said I was going to be a rebel. You said "go out and do it". I told you why I won't.

I never said " boys will be boys ". What I asked of you, was a) what are you going to do about it? b) Not to talk about this, as though it is something new and tatally unheard of . c)go learn some history.

You act as if this is a normal occurance. It's not normal for one company to risk twice the GNP on a Democratic party reelection scheme.

Sooooooo, only Dems / Liberals are corrupt, steal elections, commit any type of voter fraud ? Not so. Unfortunately, there have been / are rotten apples on both barrels. The Dems ; however , seem to have a majority of these types, though. :-) You really , really, REALLY need to learn some history. No one debate with someone, who is utterly unfamiliar with the topic and replies emotionally.

Show me where I said that "only" liberals are corrupt. I'd give it 4 to 1 though.

Since you are so fond of questions, let me put one to you . Instead of the Fed trying to do something , and perhaps forstalling a major DEPRESSION and BANK FAILURE, would you prefer to have both ?

I love my country, my state and my financial prospects for the next few years. I don't want depression or bank failure. I believe that if a few trillion has to be wiped off the books because of this Clinton-Rubin scheme that there is a possibility of turmoil. Will this turmoil result in secession? I doubt it, it would be too bloody. Will this turmoil result in a neo-New Deal? I think it's likely. Can the private sector support a neo-New Deal? If it couldn't in the 30s, then I don't think it can now, and therefore if there is a neo-New Deal, I think there will be 20 years of hell, just like there was after 1929. WW2 was a result of depression, don't forget. The Dems and the lying media got us into this by not holding Clinton responsible for his actions leading to worse and worse crimes. How will middle America like bailing these liars out yet again, we'll see. If they can wind these derivitives down with no massive bailout, then these points are moot.

Please explain why it is, that you can't remember what you have written, and need me to repost what you have said.

What did I forget?

Kindly stop twisting what I post, to suit your benighted and peculiar postions. Also, do learn how to use modifiers. :-)

You're the one twisting, saying I've made proposals, saying I said "only" liberals lie, etc.

349 posted on 07/24/2002 1:49:49 AM PDT by #3Fan
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To: nopardons
When you finally read up on American, not to mention banking and Market history, I'll be able to engage in debate, with you.

OK, then tell me when a company has risked more than twice the GNP on their investments.

Until that time ( and it would really help, massively, if you also understood that money is proportional, to the time frame ), we're through, finished, completed, done with this banal exchange. There's absolutely NO sense in continuing . :-)

Money is also proportional to positions held contemporaneously. There are 5000 major companies in the U.S.. For one to control assets equal to twice the GNP shows a definite imbalance.

350 posted on 07/24/2002 1:55:38 AM PDT by #3Fan
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