Crunk Times, My friend.....Crunk Times

[IamDeMan 5,000+ posts]

thank you, that was the exact quote I was looking for.
“We’ve lent some of it. We’ve not lent some of it. We’ve not given any accounting of, ’Here’s how we’re doing it,’” said Thomas Kelly, a spokesman for JPMorgan Chase, which received $25 billion in emergency bailout money. “We have not disclosed that to the public. We’re declining to.”

//content.invisioncic.com/y282845/emoticons/verymad.gif.3f39c5c2fd57527b671fad3efdfac756.gif//content.invisioncic.com/y282845/emoticons/furious.gif.fc81ca146dbff91fede3ed290dbc4f4c.gif//content.invisioncic.com/y282845/emoticons/verymad.gif.3f39c5c2fd57527b671fad3efdfac756.gif//content.invisioncic.com/y282845/emoticons/mad.gif.c18f003ab0ef8a0d9c27ca78d77a6392.gif If you're going to fuck me, at least lie to me.

Pull my hair too!

 

[snoopdan 5,000+ posts]

I think that is thread worthy, so i'll keep it out of CT.

 

[bdawson72 5,000+ posts]

Lol, shit i wouldnt know.

 

[snoopdan 5,000+ posts]

I don't get what you just said. Because this govt loan is "current" news, it deserves it invesitgated more rigorously than any other govt spending?

complacentcy FTL //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

 

[IamDeMan 5,000+ posts]

I don't get what you just said. Because this govt loan is "current" news, it deserves it invesitgated more rigorously than any other govt spending?

You are right, you didn't get it.

It has nothing to do with what should or shouldn't be done.

I was stating the "why" he would be *****ing about this as opposed to welfare.

I am sure he doesn't agree with welfare issues, but *****ing about it everyday would get repetitious. This is a current and new thing to talk about.

this isn't reflecting on the validity or lack of on either issue. It is merely explaining why he feels the need to talk about it.

 

[Chevillac 5,000+ posts]

And corey are you back in MD?

yes

So hows work guys?

slow. i took over my bosses job while he is gone, and still have plenty of time to fuck around. Im really not sure why they are always running around and being all frantic about this. I think they do it to themselves. //content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif

Oh.
Either way, the Fed forced JPM to take care of distressed loans. That is like the govt forcing you to take care of a homeless wino. Wouldn't you at least want some money for it? If you did get govt money for it, does it really matter how you spend it?

Hell, the shareholders of AIG voted to go to bankruptcy court vs. the loan from the govt.

hmmmm

 

[IamDeMan 5,000+ posts]

Oh.
Either way, the Fed forced JPM to take care of distressed loans. That is like the govt forcing you to take care of a homeless wino. Wouldn't you at least want some money for it? If you did get govt money for it, does it really matter how you spend it?

Hell, the shareholders of AIG voted to go to bankruptcy court vs. the loan from the govt.

So because of the way welfare is conducted this makes it alright for this to conducted in the same manner.

I understand your weak *** point, but it is retarded.

It's like a criminal saying someone else did the same with no repercussion. It doesn't make him any less guilty.

 

[Chevillac 5,000+ posts]

are you making a thread about it snoop?

 

[bdawson72 5,000+ posts]

yes
slow. i took over my bosses job while he is gone, and still have plenty of time to fuck around. Im really not sure why they are always running around and being all frantic about this. I think they do it to themselves. //content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif

I may have to take a trip up 2 MD and see what the ballin life of corey is like since richmond is a heck of alot closer than where I reside currently.

What is it that you actually do @ work?

 

[SyKo13 5,000+ posts]

Work boot had a spider inside:crap:

 

[bdawson72 5,000+ posts]

Work boot had a spider inside:crap:

Spiderman eh

 

[tappin_azz 10+ year member]

morning guys. i have a crunk story to tell, but i will refrain until this thing is private. i dont wanna train wreck myself.

 

[snoopdan 5,000+ posts]

are you making a thread about it snoop?

yessir

 

[IamDeMan 5,000+ posts]

Gotcha. It's not just him. It's the press in general....these people don't answer to others. They don't have to and if they were pressed the language would be very obfusgatory. I don't think people want to take the time to understand (nor do they care) about how some of these financial instruments work.
The more that I think about it, I am not sure there weren't better approaches to TARP. What I (and many others) where afraid of was a complete shut down of the banking system. IE, runs on the bank and other banks closing the doors. Means 200M people have no paycheck, cannot pay the mortgage, cannot pay bills. To the extreme, we would be reduced to barter and who had the most guns. There wouldn't be a police, as the police won't work for free. I did fear a certain possibility of chaos. A more effective plan may have been to just issue a series of statements (and print up the money) to ensure liquidity in the event of a bank run. As long as people have confidence in the banks (at least to get their deposits in a timely manner...FDIC would take months, if not years to get your money), that was really all that was needed. However, people's pensions funds, a variety of charities and university endowments would have been crushed.

OK but using your logic in this case, why is the big 3 being held so accountable?

Should they not be able to use the money and track/not track it in the same manner as your welfare example and the bank bailout?

In my eyes, the fact that it is a financial institution means nothing. I don't need to know how it works. In my eyes it is still just a corporation with it's main goal being to make money and obtain power. So to me them getting money is exactly the same as GM. I could care less if consequences are different. The fact is they are showing preferential treatment to one type of corporate assistance and it stinks.

 

[snoopdan 5,000+ posts]

The fact is they are showing preferential treatment to one type of corporate assistance and it stinks.

Exactly my suggestion. Just because we look at financial instutions and think "wow they're smart, they must know what they're doing with our money" ... then look over at the big 3 and penny pinch - stinks.