I won't give up hope. Our hispanic community needs to be educated. This is not happening in our public schools. They are getting played. They need to see themselves as Americans, not as some hyphenation.
BTS
The OBAMANATION of DESOLATION
by FireNBandits 71 Replies latest watchtower scandals
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Warlock
Aren't you the guy who doesn't believe in opinion polls unless his opinion is polled?
Let me ask you something that is a little off topic.
Did you leave te Org. or were you kicked out?
Warlock
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beksbks
Burn, can you break down how any of that is going to "ecourage" our economy?
Warlock had several good ideas in his list.
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BurnTheShips
There should be a recognition on the limits of government, Beks. These things address powers the government has unconstitutionally appropriated. Besides, it is the government meddling that "decouraged" the economy to begin with.
BTS
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beksbks
I'm afraid I disagree.
Well to be honest Burn, my entire point with these questions is just this. We disagree on what works. The bottom line in all of these arguments, is that you and yours believe in one way to tackle problems, govern and to a point even interpret the constitution, and I and mine believe it's another. Right now, we have just come off of nearly 30 years of heading in your direction, now we are heading in another. Let's see how it goes?
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BurnTheShips
Right now, we have just come off of nearly 30 years of heading in your direction, now we are heading in another.
Obviously, you are looking at a different history.
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jeeprube
Warlock had several good ideas in his list.
I have to agree, good job Warlock. Oh and my IQ is 155.
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BurnTheShips
Oh and my IQ is 155.
Bwahahaha! Is that Internet Quotient or did you accidently hit "5" twice?
BTS
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beksbks
Burn, what do you think of this?
http://www.washingtonpost.com/wp-dyn/content/story/2009/04/02/ST2009040201501.html
Standards Board Gives Banks More Leeway in Valuing Assets
Revision of Mark-to-Market Accounting Rules Had Been Urged by Some Lawmakers
By Zachary A. Goldfarb Washington Post Staff Writer
Thursday, April 2, 2009; 12:49 PMThe nation's accounting board voted today to give more leeway to banks when assigning a dollar value to distressed assets, following an aggressive lobbying campaign by lawmakers and the financial industry to change the rules.
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BurnTheShips
A temporary suspension of mark to market beats shoveling trillions of taxpayer dollars at these institutions.
If investors believed that bank assets were immensely undervalued they would adjust their valuaions and buy. Personally I think a lot of investors do believe this but they are afraid that no one else does. No one wants to be first to jump into the pool naked and risk getting laughed at when no one joins them. Invalid mark to market values are a symptom of the crisis, not a cause.
When assets that are on the balance sheets are liquid, or near-liquid and available for sale, MTM is appropriate. Had they kept this toxic crap on the balance sheets as long-term investments and not used it to leverage and lend more on it we wouldn't be in this mess. But a lot of people that did not understand the econometrics behind these things thought they could accurately valuate the risk (Gaussian copula functions, wowsers), and the massive influx of new money as the Fed and other central banks inflated the currency creating a huge incentive to do something with it. How could so very many highly intelligent people in so many different banks all fall for the same fucking error? There is a common factor here that distorted and misdirected good economic decision making by all these players, as well as leading to massive misallocations of capital in the housing bubble. We both know what: the inflationary boom. Now we are trying to inflate away the effects of the last inflation and sending good money after bad.
BTS