why that was nice

[faulkton 5,000+ posts]

no rules...about time, bring on the *******
http://www.pornpin.com/wp-content/uploads/2008/10/busty-ina-shows-her-yummy-*******.jpg

the gay lutheran clergy doesnt like that.. well maybe the dyke ones do.

 

[azimuth 5,000+ posts]

take that religious fucks

 

[duece212 5,000+ posts]

the gay lutheran clergy doesnt like that.. well maybe the dyke ones do.

doin it for the dykes!

take that religious fucks

//content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

 

[azimuth 5,000+ posts]

no rules...about time, bring on the *******
http://www.pornpin.com/wp-content/uploads/2008/10/busty-ina-shows-her-yummy-*******.jpg

 

[audioatg 10+ year member]

Teh government won’t be able to monitor that. Realistically they will end up back on the street.

In a way they are. Dealership have to show proof that the car was totaled before they can get any of the money back for the cash for clunker thing. Why they have to take it the local dump after they blow the engine. We are doing it all day long at the dealership I work at. So is my bro in law at his shop as well. If you look at my other post. We do take a few things off before it goes out.

 

[faulkton 5,000+ posts]

Without strong action by central banks, recession would have been much worse

WASHINGTON (MarketWatch) -- The global economy is now beginning to emerge from its worst crisis in generations, but the downturn might have been much worse if central banks hadn't acted so forcefully last fall, Federal Reserve Chairman Ben Bernanke said Friday.

In a speech at the Kansas City Fed's annual retreat in Jackson Hole, Wyo., Bernanke summarized a hellish year and explained modestly how he and his central bank colleagues saved the world from a bigger disaster. Read his full remarks.

"The world has been through the most severe financial crisis since the Great Depression," he said. "As severe as the economic impact has been, however, the outcome could have been decidedly worse."

If the Fed, other central banks and other government leaders hadn't acted in a coordinated and aggressive way in September and October of 2008, "the resulting global downturn could have been extraordinarily deep and protracted," Bernanke said.

Bernanke spoke to a selected group of top policy makers and economists. His speech, however, was aimed at a much wider audience: The president, the Congress and a public that's angry and confused.

Bernanke's term as chairman of the Fed runs out in January, and the financial world is watching to see if President Barack Obama reappoints Bernanke or hands to job to someone else.

Past financial panics have exacted an "enormous toll in both human and economic terms," Bernanke said. "In this episode, by contrast, policymakers in the United States and around the globe responded with speed and force to arrest a rapidly deteriorating and dangerous situation."

The policy response "averted the imminent collapse of the global financial system, an outcome that seemed all too possible to the finance ministers and central bankers."

Action plan

Among the actions taken by the Fed and other central banks:

The Fed lowered interest rates to close to zero. Other central banks lowered rates as well.

Congress approved the $700 billion Troubled Asset Relief Program to provide emergency financing to large banks. Other governments did the same with their banks.

Under the direction of the Group of Seven, government insurance for banks was expanded worldwide. Governments pledged to prevent the failure of systemically important banks, and they promised to provide adequate capital to the system.

The Fed created new facilities to "lend freely against sound collateral."

The Fed and other central banks began buying long-term debt issued by public and private institutions to inject liquidity to vital credit markets.

The Fed and the Treasury Department conducted a public "stress test" of large banks to determine their capital needs, which in turn was followed by significant increases in capital raised in private markets.

Bernanke's speech emphasized the policy response after the crisis erupted last September with the collapse of Lehman Bros. and the failure of other financial institutions, including Fannie Mae, Freddie Mac, American International Group, Merrill Lynch and Wachovia.

His history of the crisis essentially begins in September 2008, and ignores the actions and decisions that led to disaster. Of the origins of the crisis, Bernanke's only remark was that, until just before the crisis, "there was little to suggest that market participants saw the financial situation as about to take a sharp turn for the worse."

Bernanke made almost no comments about the future course of the U.S. or global economies, other than repeating phrases from the latest communique from the Federal Open Market Committee that the economy seems to be leveling out. He cautioned that any recovery is likely to be gradual at first, with high unemployment.

Use of some of the Fed's liquidity programs has declined, he said, a "clear market signal that liquidity pressures are easing and market conditions are normalizing."

He said nothing about how the Fed would unwind its support for the banking system. That day seems to be in the distant future, however. "Although we have avoided the worst, difficult challenges still lie ahead,' including securing a sustainable economic recovery and rebuilding the institutional framework to make sure a similar crisis can be averted.

Yea!!

 

[Annnarbor84 5,000+ posts]

Fuck Ben Bernanke:veryhapp:

 

[mgcauctions09 10+ year member]

I would love to be a repo man around this time! Shit I may go buy me a towtruck and get my business liscense. Hell that is what I call an investment!

 

[TeamRetribution 10+ year member]

"Cash for cluckers " had to be the dumbest idea eva .......

tell you why ,people with the POS and no money ,are now going to go buy a car they cant afford .less than 6 months ..i would say over 50 % will repoed ...another reason why Osama/Obama is a dumb**** ..

 

[faulkton 5,000+ posts]

"Cash for cluckers " had to be the dumbest idea eva .......tell you why ,people with the POS and no money ,are now going to go buy a car they cant afford .less than 6 months ..i would say over 50 % will repoed ...another reason why Osama/Obama is a dumb**** ..

you dont think the credit crisis limited buyers to people with actual income and good credit?

 

[TeamRetribution 10+ year member]

you dont think the credit crisis limited buyers to people with actual income and good credit?

No i dont ,Ive seen alot of negative already with this program //content.invisioncic.com/y282845/emoticons/rolleyes.gif.c1fef805e9d1464d377451cd5bc18bfb.gif

 

[germandark 10+ year member]

did they not put another 9+ billion in funding the 4th or 5th day into actually selling and trading. I know the program ran out of money in just the first few days because there are so many contract deals with the dealerships.

credit? if you cannot afford a new or used vehicle with the gov giving you $4500 and after you talk down the retarded *** car dealers....you don't need a new car. Buy food, pay health insurance, save for a bicycle.

 

[faulkton 5,000+ posts]

No i dont ,Ive seen alot of negative already with this program //content.invisioncic.com/y282845/emoticons/rolleyes.gif.c1fef805e9d1464d377451cd5bc18bfb.gif

such as?

 

[faulkton 5,000+ posts]

seems to me like it has been a runaway success.. and a bargain at only $3 billion... personally i like giving a laughably tiny fraction of the stimulus to actual people instead of giant corporations that acted irrespobcibly so that they can pay millions to their CEOs

 

[faulkton 5,000+ posts]

where are all of the forum conservatives to argue against this? Oh ya they cant because he is right!!