Go Back   Android Forums > Android Forums Community > The Lounge > Politics and Current Affairs
Politics and Current Affairs All things political.

Like Tree2Likes

test: Reply
 
LinkBack Thread Tools
Old August 12th, 2011, 03:19 PM   #1 (permalink)
Member
Thread Author (OP)
 
noah way's Avatar
 
Join Date: Apr 2010
Posts: 496
 
Device(s): Droid Incredible
Carrier: Not Provided

Thanks: 45
Thanked 142 Times in 92 Posts
Thumbs up extraction of wealth from US

Dylan Ratigan Blasts U.S. Political & Banking Ties and the Partisan Hacks’ Excuses

Excellent, accurate rant. Ignore the bickering bimbos.

"Money in politics is the root of all political evil. It is corruption at its worst. And until we step up and kick that out of the park it's going to be the same system all the way."

Advertisements
noah way is offline  
Reply With Quote
sponsored links
Old August 12th, 2011, 03:29 PM   #2 (permalink)
Reformed PH
 
Steven58's Avatar
 
Join Date: Feb 2010
Gender: Male
Posts: 32,921
 
Device(s): Gnex AOKP Nightlies (KitKat)
Carrier: Verizon

Thanks: 8,948
Thanked 26,702 Times in 7,003 Posts
Default

Noah,

Sorry, I'm at work and don't have time to look at the video. Please forgive my OT question, but what smarphone do you have? Tia.

Steven
Steven58 is offline  
Reply With Quote
Old August 12th, 2011, 04:25 PM   #3 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by noah way View Post
..."Money in politics is the root of all political evil. It is corruption at its worst. And until we step up and kick that out of the park it's going to be the same system all the way."
Maybe we should address why all this money is being poured into politics and see if we can place disincentives to the worst aspects.

There are free speech issues to consider. Use models from disarmament agreements, but keep in mind, Trust, but verify rule ?
OutofDate1980 is offline  
Last edited by Steven58; August 12th, 2011 at 04:40 PM. Reason: Clean up format
Reply With Quote
Old August 12th, 2011, 04:52 PM   #4 (permalink)
Member
Thread Author (OP)
 
noah way's Avatar
 
Join Date: Apr 2010
Posts: 496
 
Device(s): Droid Incredible
Carrier: Not Provided

Thanks: 45
Thanked 142 Times in 92 Posts
Default

The Supremes have enshrined into law two principles upon which the whole house of cards seems to be built.

1) "money is speech" (the antithesis of free speech)

2) "corporations are people" (i.e. have constitutional rights)

When the rule of law has been subverted, the very principles on which this country was found have been compromised. In my view it is time for a new Declaration of Independence, which the old one seemingly gives us the right to implement.

When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.
noah way is offline  
Reply With Quote
The Following 2 Users Say Thank You to noah way For This Useful Post:
liliput (August 15th, 2011), PH8AL (September 20th, 2012)
Old August 12th, 2011, 05:58 PM   #5 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by noah way View Post
... But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.
Don't believe it's that bad, yet. Found another interesting video from the same source you cited earlier. I found it interesting that Ponzi schemers use political donations to further their schemes.

Michele Bachmann’s Christian Nationalist Revisionist History (Video) | Disinformation
OutofDate1980 is offline  
Reply With Quote
Old August 13th, 2011, 01:03 PM   #6 (permalink)
=Luceat Lux Vestra=
 
Frisco's Avatar
 
Join Date: Jan 2010
Gender: Male
Posts: 22,490
 
Device(s): Samsung Galaxy S5, Galaxy Tab 7" 2
Carrier: Verizon

Thanks: 7,156
Thanked 9,265 Times in 5,119 Posts
Default

Quote:
Originally Posted by noah way View Post
"Money in politics is the root of all political evil. It is corruption at its worst. And until we step up and kick that out of the park it's going to be the same system all the way."
There is more than one kind of corruption in American society and politics. Some of it is on a judicial level. We've all seen this sort of thing:



Are we taking it for granted? We all know about it.
__________________



Frisco is offline  
Reply With Quote
The Following User Says Thank You to Frisco For This Useful Post:
OutofDate1980 (August 13th, 2011)
Old August 13th, 2011, 01:54 PM   #7 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by Frisco View Post
... There is more than one kind of corruption in American society and politics. ...
It's the homeless man's fault. He didn't steal enough to redistribute to the right folks. To add insult to injury, he left money on the table. He set a bad example to the community. I can see why the judge threw the book at him.
Sincerely yours
Al Capone
OutofDate1980 is offline  
Reply With Quote
The Following User Says Thank You to OutofDate1980 For This Useful Post:
Frisco (August 13th, 2011)
Old August 13th, 2011, 02:02 PM   #8 (permalink)
Senior Member
 
copestag's Avatar
 
Join Date: May 2010
Posts: 1,352
 
Device(s):
Carrier: Not Provided

Thanks: 0
Thanked 247 Times in 193 Posts
Default

weve already discussed this case in another thread........ and quickly came to the conclusion that the rich white guy with no prior record clearly deserved a much stiffer sentence than the poor black guy with a prior record thicker than your computer tower........ FFS
copestag is offline  
Reply With Quote
Old August 13th, 2011, 02:11 PM   #9 (permalink)
Senior Member
 
lordofthereef's Avatar
 
Join Date: Nov 2010
Posts: 3,133
 
Device(s): EVO 4G Rooted + CM7 [ROM]
Carrier: Not Provided

Thanks: 358
Thanked 368 Times in 291 Posts
Default

Interesting. I was very active in said thread and don't remember that being the conclusion.
saptech likes this.
__________________
"A dog is the only thing on earth that loves you more than you love yourself" - Josh Billings
lordofthereef is offline  
Reply With Quote
Old August 13th, 2011, 02:21 PM   #10 (permalink)
=Luceat Lux Vestra=
 
Frisco's Avatar
 
Join Date: Jan 2010
Gender: Male
Posts: 22,490
 
Device(s): Samsung Galaxy S5, Galaxy Tab 7" 2
Carrier: Verizon

Thanks: 7,156
Thanked 9,265 Times in 5,119 Posts
Default

Quote:
Originally Posted by copestag View Post
weve already discussed this case in another thread........ and quickly came to the conclusion that the rich white guy with no prior record clearly deserved a much stiffer sentence than the poor black guy with a prior record thicker than your computer tower........ FFS
I think the disparity in sentencing has more to do with the amount of money involved and the contrition on the part of the person who stole the $100. The races of the two people are not a consideration at all; reverse them, same tragic irony.
Frisco is offline  
Reply With Quote
The Following User Says Thank You to Frisco For This Useful Post:
lordofthereef (August 13th, 2011)
sponsored links
Old August 13th, 2011, 02:34 PM   #11 (permalink)
Senior Member
 
copestag's Avatar
 
Join Date: May 2010
Posts: 1,352
 
Device(s):
Carrier: Not Provided

Thanks: 0
Thanked 247 Times in 193 Posts
Default

correct....... it has everything to do with the money involved.......... not a single thing to do with the fact that the CEO had never gotten so much as a parking meter ticket......... the other guy has been in and out of jail with numerous felony convictions on his record....... nothing at all
copestag is offline  
Reply With Quote
Old August 13th, 2011, 02:48 PM   #12 (permalink)
=Luceat Lux Vestra=
 
Frisco's Avatar
 
Join Date: Jan 2010
Gender: Male
Posts: 22,490
 
Device(s): Samsung Galaxy S5, Galaxy Tab 7" 2
Carrier: Verizon

Thanks: 7,156
Thanked 9,265 Times in 5,119 Posts
Default

Quote:
Originally Posted by copestag View Post
correct....... it has everything to do with the money involved.......... not a single thing to do with the fact that the CEO had never gotten so much as a parking meter ticket......... the other guy has been in and out of jail with numerous felony convictions on his record....... nothing at all
On a scale of 10:

My trust of CEO (who victimized tens of thousands of people..at once) = 0

My trust of homeless guy (who may have victimized a dozen people over the course of his life) = 5 or so.

And I feel like I'm being tough on the homeless guy.
Frisco is offline  
Reply With Quote
The Following 2 Users Say Thank You to Frisco For This Useful Post:
lordofthereef (August 13th, 2011), PH8AL (September 20th, 2012)
Old August 13th, 2011, 03:35 PM   #13 (permalink)
Senior Member
 
copestag's Avatar
 
Join Date: May 2010
Posts: 1,352
 
Device(s):
Carrier: Not Provided

Thanks: 0
Thanked 247 Times in 193 Posts
Default

I guess it all depends on what level of victimization or your definition of victimization that youre willing to accept?



2 different issues at work here.......

first the CEO regardless of how much disparity you want to associate with his white collar crime....... committed just that a white collar crime ...... the penalties which could not exceed 6 years...... he got 3

the known criminal.... who has a long record of crime... as I recall from going through this before.... some of them violent.........who this time committed another violent crime.... pretended to have a gun in order to rob a bank...... regardless of how much money he took....... received 15 years...... which btw is less than what he could have and should have received for this crime

so bare in mind the nature of the crimes and previous records

now if you want to argue the CEO should have received a harsher penalty..... I will be first on board to agree with you....... however I didnt create the law for white collar crimes...... as I recall it was a democrat (looking out for the little guys and poor people) who wrote that one....... but to argue about the disparity while using 2 PEOPLE who got a lesser sentence than they deserved as an example is ludicrous.... IMO theres really no need to have a comparative figure to make the CEO penalty outrageous........ all you do is hurt the cause and lessen the effect by bringing in a piece of trash as an example to argue in favor of law reforms

second the penalty for bank robbery (both armed or unarmed) were not prescribed when poor black people started robbing banks....... this was not some special extreme penalty for him.... these penalties were put in place long before this guy was even born...... and long before the first poor black man ever robbed a bank......... this guy received far less than the maximum penalty and got off quite easy........ hes a known criminal who pretended to have a gun with the intent to threaten someone and stole money to get drunk........ despite the fact that he felt bad after the fact he should have sentenced to life

we can cherry pick court cases all day long and say it was because one guy was rich and one guy was poor.....
copestag is offline  
Last edited by Frisco; August 13th, 2011 at 03:59 PM. Reason: removed revolting analogy
Reply With Quote
Old August 13th, 2011, 04:11 PM   #14 (permalink)
Member
Thread Author (OP)
 
noah way's Avatar
 
Join Date: Apr 2010
Posts: 496
 
Device(s): Droid Incredible
Carrier: Not Provided

Thanks: 45
Thanked 142 Times in 92 Posts
Default

Quote:
Originally Posted by copestag View Post
however I didnt create the law for white collar crimes...... as I recall it was a democrat (looking out for the little guys and poor people) who wrote that one
Got a source? No, of course not.

It's an obvious lie simply because laws don't get passed by a single politician. Never, ever miss a chance to slander the opposition party.
noah way is offline  
Reply With Quote
Old August 14th, 2011, 04:28 PM   #15 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by copestag View Post
correct....... it has everything to do with the money involved.......... not a single thing to do with the fact that the CEO had never gotten so much as a parking meter ticket......... the other guy has been in and out of jail with numerous felony convictions on his record....... nothing at all
It appears to me that the CEO's crimes were over a period of time, so if the CEO could have been convicted at the time of each crime then I contend the record of the CEO would surpass that of the homeless man.
OutofDate1980 is offline  
Reply With Quote
The Following 2 Users Say Thank You to OutofDate1980 For This Useful Post:
Frisco (August 14th, 2011), lordofthereef (August 15th, 2011)
Old August 15th, 2011, 10:22 AM   #16 (permalink)
Senior Member
 
lordofthereef's Avatar
 
Join Date: Nov 2010
Posts: 3,133
 
Device(s): EVO 4G Rooted + CM7 [ROM]
Carrier: Not Provided

Thanks: 358
Thanked 368 Times in 291 Posts
Default

Quote:
Originally Posted by OutofDate1980 View Post
It appears to me that the CEO's crimes were over a period of time, so if the CEO could have been convicted at the time of each crime then I contend the record of the CEO would surpass that of the homeless man.
That's some lawyer language twisting right there! You wouldn't happen to be one would you?
lordofthereef is offline  
Reply With Quote
Old August 15th, 2011, 11:38 AM   #17 (permalink)
Dark Jedi
Guest
 
Posts: n/a
 
Device(s):
Carrier: Not Provided

Default

Quote:
Originally Posted by OutofDate1980 View Post
It appears to me that the CEO's crimes were over a period of time, so if the CEO could have been convicted at the time of each crime then I contend the record of the CEO would surpass that of the homeless man.
Just think of how many crimes the homeless man had commited and never caught? You think everytime the guy committed a crime he was arrested? The homeless man got a stiffer sentence because of his priors. I bet you look for a guy that only crime he ever committed was robbing a bank. I bet his sentence would be less than your homeless guy.
 
Reply With Quote
Old August 15th, 2011, 12:05 PM   #18 (permalink)
=Luceat Lux Vestra=
 
Frisco's Avatar
 
Join Date: Jan 2010
Gender: Male
Posts: 22,490
 
Device(s): Samsung Galaxy S5, Galaxy Tab 7" 2
Carrier: Verizon

Thanks: 7,156
Thanked 9,265 Times in 5,119 Posts
Default

The homeless guy was contrite and basically turned himself in, pleading guilty.

The CEO was caught then brought out his big gun attorneys and fought tooth and nail until he was convicted, fought some more for a reduced sentence and was awarded that after apologizing to the sentencing judge "for letting down the community and his family," even though he and the community expressed surprise at the 40 month length of the sentence.

Creepy guy and a low life of a boss.. "Allen had subordinates who were reporting the problems to Allen, but Allen left them to fend for themselves."
Frisco is offline  
Reply With Quote
Old August 15th, 2011, 02:59 PM   #19 (permalink)
Senior Member
 
lordofthereef's Avatar
 
Join Date: Nov 2010
Posts: 3,133
 
Device(s): EVO 4G Rooted + CM7 [ROM]
Carrier: Not Provided

Thanks: 358
Thanked 368 Times in 291 Posts
Default

At the very least, the sad truth is the homeless man learned his lesson and is a testament to others. If you rob a bank, and have priors, do NOT do the "right thing" and turn yourself in because you are feeling remorseful. It will certainly end poorly for you.
lordofthereef is offline  
Reply With Quote
Old August 15th, 2011, 03:52 PM   #20 (permalink)
Member
Thread Author (OP)
 
noah way's Avatar
 
Join Date: Apr 2010
Posts: 496
 
Device(s): Droid Incredible
Carrier: Not Provided

Thanks: 45
Thanked 142 Times in 92 Posts
Default

O.J. proved conclusively (as have many other criminals) that GREEN is the only color that matters.

To get back on track:

From the most respected and financially successful men in the US:

Warren Buffet: Stop Coddling Billionaires

Warren Buffet took a strong stance against tax breaks for the super-rich in an op-ed published in The New York Times Sunday, noting that “While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.”

Buffet made no qualms about his tax obligations, noting that he paid $6,938,744 in federal taxes last year, which was 17.4% of his taxable income. He wrote that of the 20 people in his office, tax burdens ranged from 33% to 41%, and averaged 36%.

Buffet was blunt: “My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.”

On the other side of the ocean, the corporate financial complex responds through their mouthpiece at the World Bank:

World Bank head warns of danger ahead

On the US, Zoellick said it was not fears that the world's biggest economy faced an imminent problem, but "frankly that markets are used to the United States playing a key role in the economic system and leadership".

He said the US government needed to extend cuts from discretionary spending to programmes such as social security.

The corporate financial complex is multinational and global, which is why we are seeing the same economic conditions in various places around the world ranging from Europe to South America to the US. It's called slash and burn economics.
noah way is offline  
Reply With Quote
The Following User Says Thank You to noah way For This Useful Post:
OutofDate1980 (August 15th, 2011)
sponsored links
Old August 15th, 2011, 05:10 PM   #21 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by lordofthereef View Post
That's some lawyer language twisting right there! You wouldn't happen to be one would you?
I mangle syntax, does that count ?
OutofDate1980 is offline  
Reply With Quote
Old August 15th, 2011, 05:34 PM   #22 (permalink)
New Member
 
Join Date: Aug 2011
Posts: 2
 
Device(s):
Carrier: Not Provided

Thanks: 1
Thanked 0 Times in 0 Posts
Default

I'm a new kid on the block but I'll risk this...

Two of America's most successful exports, it's culture and the reality of personal indebtedness. The latter to corporate holdings. Could be a recipe for some kind of success but what is success is there when all slash and burn has been slashed and burnt?
liliput is offline  
Reply With Quote
Old August 15th, 2011, 06:52 PM   #23 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by Dark Jedi View Post
Just think of how many crimes the homeless man had commited and never caught? You think everytime the guy committed a crime he was arrested? The homeless man got a stiffer sentence because of his priors. I bet you look for a guy that only crime he ever committed was robbing a bank. I bet his sentence would be less than your homeless guy.
I believe we are discussing the crimes that both were caught at, the difference being the timing of being caught.

I don't know how many crimes the each were not caught at. Do you ?
OutofDate1980 is offline  
Reply With Quote
Old August 15th, 2011, 09:52 PM   #24 (permalink)
Member
Thread Author (OP)
 
noah way's Avatar
 
Join Date: Apr 2010
Posts: 496
 
Device(s): Droid Incredible
Carrier: Not Provided

Thanks: 45
Thanked 142 Times in 92 Posts
Default

Quote:
Originally Posted by liliput View Post
I'm a new kid on the block but I'll risk this...

Two of America's most successful exports, it's culture and the reality of personal indebtedness. The latter to corporate holdings. Could be a recipe for some kind of success but what is success is there when all slash and burn has been slashed and burnt?
Culture of consumption and debt as a means of leverage, both elements of financial greed. The history of slash and burn is readily evident in a long string of scandals ranging from the S&L Scandal to ENRON and other corporate scandals to the tech bubble, housing bubble and following mortgage crisis (which bailed deregulated banks out of the collapse of the housing bubble).

Typically, when one sector has been destroyed, vulture capitalists turn to another and pick it clean. The Greek financial crisis is largely the result of specualtion and the same kind of credit default swaps that caused the mortgage crisis in the US. These same techniques are being used against other economies including Ireland and Italy to generate financial profit at any cost.

The idea that eventually they will run out of things to destroy in their quest for profit apparently hasn't crossed the minds of those engaged in such pursuits.
noah way is offline  
Reply With Quote
The Following User Says Thank You to noah way For This Useful Post:
OutofDate1980 (August 16th, 2011)
Old August 18th, 2011, 01:23 PM   #25 (permalink)
Senior Member
 
ElasticNinja's Avatar
 
Join Date: Aug 2010
Location: Cork City, IMF, EU
Posts: 4,488
 
Device(s): Galaxy S3 Mini, ZTE Blade
Carrier: Not Provided

Thanks: 811
Thanked 460 Times in 408 Posts
ciaranhurley0@gmail.com
Default

Regarding the money in politics, I personally believe corporate and large donations should be ILLEGAL.
They have undermined millions of Americans quality of life, and they are also a major factor regarding the financial collapse

Regarding the Eurozone crises, its lunacy, and I reckon that a a few hundred people are deliberately worsening the situation for their on benefit, while the market goes crazy.
Greece would be the only country liable to default in a sensible market. Yet the markets are acting as if all the PIIGS countries will default. Its like they forget they are developed countries with ECB funding available
__________________
Sign up for Minus online storage and get 10 GB of Free Space today! Sign up Here!
ElasticNinja is offline  
Reply With Quote
The Following User Says Thank You to ElasticNinja For This Useful Post:
lordofthereef (August 18th, 2011)
Old August 18th, 2011, 05:47 PM   #26 (permalink)
Senior Member
 
lordofthereef's Avatar
 
Join Date: Nov 2010
Posts: 3,133
 
Device(s): EVO 4G Rooted + CM7 [ROM]
Carrier: Not Provided

Thanks: 358
Thanked 368 Times in 291 Posts
Default

Quote:
Originally Posted by shadowninty View Post
Regarding the money in politics, I personally believe corporate and large donations should be ILLEGAL.
They have undermined millions of Americans quality of life, and they are also a major factor regarding the financial collapse
This
lordofthereef is offline  
Reply With Quote
Old August 18th, 2011, 05:47 PM   #27 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by noah way View Post
Culture of consumption and debt as a means of leverage, both elements of financial greed. ...
As FDR’s Fed chairman Marriner S. Eccles explained:
As in a poker game where the chips were concentrated in fewer and fewer hands, the other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped.
Radical Concentration of Wealth is Destroying Both Capitalism and Democracy → Washington's Blog
OutofDate1980 is offline  
Reply With Quote
The Following 2 Users Say Thank You to OutofDate1980 For This Useful Post:
nlsme (August 19th, 2011), noah way (August 18th, 2011)
Old September 3rd, 2012, 02:54 PM   #28 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by noah way View Post
Culture of consumption and debt as a means of leverage, both elements of financial greed. The history of slash and burn is readily evident in a long string of scandals ranging from the S&L Scandal to ENRON and other corporate scandals to the tech bubble, housing bubble and following mortgage crisis (which bailed deregulated banks out of the collapse of the housing bubble).

Typically, when one sector has been destroyed, vulture capitalists turn to another and pick it clean. The Greek financial crisis is largely the result of specualtion and the same kind of credit default swaps that caused the mortgage crisis in the US. These same techniques are being used against other economies including Ireland and Italy to generate financial profit at any cost.

The idea that eventually they will run out of things to destroy in their quest for profit apparently hasn't crossed the minds of those engaged in such pursuits.
This is one government handout that needs to end.

FOCUS | Matt Taibbi: Romney's Secret? Greed, Debt and Forcing Others to Foot the Bill

"MATT TAIBBI: Yes, there's a tax deduction for all that borrowed money. So, when Mitt Romney or Bain Capital, when they want to go take over a company like KB Toys and they borrow $300 million to do it, and that new debt becomes the debt of KB Toys, when KB pays the debt service, the monthly service on that debt, that service is deductible. And if that were not true, if they did not have that deduction, these deals would not be economically feasible. They wouldn't be possible. I spoke to one former regulator from the SEC, who worked both in the SEC and as an accountant at a Big Four accounting firm, and he reviewed a number of these deals in both a public and private capacity. And he said, without that deduction, he's never seen a deal that would have been economically-a private equity deal that would have been economically feasible. So, this entire business model depends upon a tax break."
OutofDate1980 is offline  
Reply With Quote
Old September 3rd, 2012, 07:17 PM   #29 (permalink)
Senior Member
 
A.Nonymous's Avatar
 
Join Date: Jun 2010
Posts: 7,061
 
Device(s): Motorola Razr M, Galaxy Tab 10.1 I/O edition
Carrier: Not Provided

Thanks: 66
Thanked 971 Times in 704 Posts
Default

Again with the topping of year old posts?
A.Nonymous is offline  
Reply With Quote
Old September 3rd, 2012, 07:54 PM   #30 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by A.Nonymous View Post
Again with the topping of year old posts?
Still not able debate the subject ?
OutofDate1980 is offline  
Reply With Quote
sponsored links
Old September 3rd, 2012, 08:13 PM   #31 (permalink)
Senior Member
 
A.Nonymous's Avatar
 
Join Date: Jun 2010
Posts: 7,061
 
Device(s): Motorola Razr M, Galaxy Tab 10.1 I/O edition
Carrier: Not Provided

Thanks: 66
Thanked 971 Times in 704 Posts
Default

I see no reason to debate something that was debated a year ago. What's the point?
A.Nonymous is offline  
Reply With Quote
Old September 3rd, 2012, 10:31 PM   #32 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by A.Nonymous View Post
I see no reason to debate something that was debated a year ago. What's the point?
Fine, then why post ? I added more concerning the issue, which still continues. Believe it or not, you can learn from the past.
OutofDate1980 is offline  
Reply With Quote
Old September 3rd, 2012, 11:01 PM   #33 (permalink)
Senior Member
 
saptech's Avatar
 
Join Date: Dec 2011
Location: Third Stone from the Sun
Posts: 3,677
 
Device(s): Motorola Moto G, Samsung Stratosphere, Galaxy Tab 2 SE.
Carrier: T-Mobile

Thanks: 610
Thanked 798 Times in 637 Posts
Default

Quote:
Originally Posted by copestag View Post
weve already discussed this case in another thread........ and quickly came to the conclusion that the rich white guy with no prior record clearly deserved a much stiffer sentence than the poor black guy with a prior record thicker than your computer tower........ FFS
Why does it have to be a poor black guy with a prior record thicker than your computer tower? Others in this country don't have a prior record thicker than your computer tower?

Indian Land Grab
Right from the very start the European settlers were begging their British king to destroy the “savages” faster than he already was. It was one of the reasons they listed in their Declaration of Independence that caused them to want to SEPARATE from England.

Dawes Act
Massachusetts congressman Henry L. Dawes drafted federal legislation enacted in 1887 which ordered the “registering” of Indians so that they could receive an allotment of their own land! But to get on the “Dawes Rolls,” Native Americans had to anglicize their names. This allowed White officials to slip the names of their relatives and friends onto the Dawes Rolls and reap millions of acres of land.

Jim Crow Laws
The so-called Jim Crow laws were simply reconstituted Slave Laws and they applied throughout America, in the South and North. Their aim was not to keep Blacks from “White” drinking fountains and toilets, or even to stop them from breaking the law—but to keep Blacks from accumulating property, starting businesses, engaging in trade and commerce, and establishing an independent economic base and to force them back to the cotton plantations. Whites, having “legally” eliminated all competition from the most productive people on earth, benefitted immensely from these repressive American racial restrictions.


This list goes on and on...
OutofDate1980 likes this.
__________________
"I'm gonna put a curse on you and all your kids will be born completely naked" - Jimi Hendrix
saptech is online now  
Reply With Quote
Old September 19th, 2012, 11:47 PM   #34 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Being a team player can be highly profitable, of course those that whine about it are just jealous of not being fit to be members of the team. Not Romney's fault that these whiners didn't choose their parents wisely.

Bain Capital Complaint Should Be Made Public, Court Rules

U.S. District Judge Edward Harrington said in a decision on Friday that the public has the right to see a new complaint filed as part of a class-action antitrust lawsuit that claims Bain Capital and 10 other private equity firms colluded with one another to keep the costs of leveraged buyouts low. The plaintiffs recently filed another complaint with new information, but that complaint has not yet been made public because of opposition from Bain Capital lawyers, who say doing so could hurt the company's business because of increased scrutiny during the election news cycle.

Adam Smith - Wikiquote

"People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices."
OutofDate1980 is offline  
Reply With Quote
Old September 20th, 2012, 07:29 AM   #35 (permalink)
Senior Member
 
A.Nonymous's Avatar
 
Join Date: Jun 2010
Posts: 7,061
 
Device(s): Motorola Razr M, Galaxy Tab 10.1 I/O edition
Carrier: Not Provided

Thanks: 66
Thanked 971 Times in 704 Posts
Default

Quote:
Originally Posted by OutofDate1980 View Post
Being a team player can be highly profitable, of course those that whine about it are just jealous of not being fit to be members of the team. Not Romney's fault that these whiners didn't choose their parents wisely.

Bain Capital Complaint Should Be Made Public, Court Rules

U.S. District Judge Edward Harrington said in a decision on Friday that the public has the right to see a new complaint filed as part of a class-action antitrust lawsuit that claims Bain Capital and 10 other private equity firms colluded with one another to keep the costs of leveraged buyouts low. The plaintiffs recently filed another complaint with new information, but that complaint has not yet been made public because of opposition from Bain Capital lawyers, who say doing so could hurt the company's business because of increased scrutiny during the election news cycle.

Adam Smith - Wikiquote

"People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices."
Romney wasn't involved with Bain at the time this alleged incident occurred. Let's blame him anyway though. We should all be held responsible for things our companies do after we leave them.
A.Nonymous is offline  
Reply With Quote
Old September 20th, 2012, 11:24 PM   #36 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

"Romney's and Bain's lawyers say he was not involved in the company at the time of the deals covered by the lawsuit." Yep that is what is claimed. Complaint has not been made public, but the lawyers don't want it made public because of the "election news cycle."
OutofDate1980 is offline  
Reply With Quote
Old September 21st, 2012, 08:48 AM   #37 (permalink)
Senior Member
 
A.Nonymous's Avatar
 
Join Date: Jun 2010
Posts: 7,061
 
Device(s): Motorola Razr M, Galaxy Tab 10.1 I/O edition
Carrier: Not Provided

Thanks: 66
Thanked 971 Times in 704 Posts
Default

The article doesn't say exactly when the incident in question took place now that I look at it more in depth. You'd think that would be in there since when Romney left Bain is what makes a difference in whether this is a news story or not.
A.Nonymous is offline  
Reply With Quote
Old September 21st, 2012, 07:55 PM   #38 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by A.Nonymous View Post
The article doesn't say exactly when the incident in question took place now that I look at it more in depth. You'd think that would be in there since when Romney left Bain is what makes a difference in whether this is a news story or not.
Well since complaint isn't public, hard to know. It's interesting Bain lawyers are attempting to suppress complaint because of "election news cycle".

Lawsuits are public records, so why cite "election news cycle" as a reason to suppress if Romney wasn't involved. Bain lawyers can't win on public disclosure, so an attempt to delay disclosure till after the election ?
OutofDate1980 is offline  
Reply With Quote
Old September 21st, 2012, 08:53 PM   #39 (permalink)
Senior Member
 
A.Nonymous's Avatar
 
Join Date: Jun 2010
Posts: 7,061
 
Device(s): Motorola Razr M, Galaxy Tab 10.1 I/O edition
Carrier: Not Provided

Thanks: 66
Thanked 971 Times in 704 Posts
Default

Bain lawyers know that even if it came out that it happened during a time that Romney wasn't involved with Bain he would still get blamed for it by the Obama campaign.
A.Nonymous is offline  
Reply With Quote
Old September 21st, 2012, 09:38 PM   #40 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by A.Nonymous View Post
Bain lawyers know that even if it came out that it happened during a time that Romney wasn't involved with Bain he would still get blamed for it by the Obama campaign.
Supposedly Romney is no longer involved in Bain management, so why should Bain lawyers object ? This is a court of law, Obama can blame away to his hearts content.
OutofDate1980 is offline  
Reply With Quote
sponsored links
Old September 21st, 2012, 10:52 PM   #41 (permalink)
Senior Member
 
Bob Maxey's Avatar
 
Join Date: Sep 2010
Posts: 4,837
 
Device(s):
Carrier: Not Provided

Thanks: 381
Thanked 811 Times in 641 Posts
Default

Quote:
Originally Posted by A.Nonymous View Post
I see no reason to debate something that was debated a year ago. What's the point?

Or . . .

Perhaps if you do not feel like playing, you can simply avoid the thread? Seems reasonable to this cowboy.
Bob Maxey is offline  
Reply With Quote
Old September 22nd, 2012, 08:51 AM   #42 (permalink)
Senior Member
 
A.Nonymous's Avatar
 
Join Date: Jun 2010
Posts: 7,061
 
Device(s): Motorola Razr M, Galaxy Tab 10.1 I/O edition
Carrier: Not Provided

Thanks: 66
Thanked 971 Times in 704 Posts
Default

Quote:
Originally Posted by OutofDate1980 View Post
Supposedly Romney is no longer involved in Bain management, so why should Bain lawyers object ? This is a court of law, Obama can blame away to his hearts content.
But you and other's like you will defend Obama's accusations.
A.Nonymous is offline  
Reply With Quote
Old September 23rd, 2012, 07:26 PM   #43 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by A.Nonymous View Post
But you and other's like you will defend Obama's accusations.
Which has nothing to do with making the class action anti-trust complaint public. Obama is not a party to the class action lawsuit.
OutofDate1980 is offline  
Reply With Quote
Old September 23rd, 2012, 09:18 PM   #44 (permalink)
Senior Member
 
A.Nonymous's Avatar
 
Join Date: Jun 2010
Posts: 7,061
 
Device(s): Motorola Razr M, Galaxy Tab 10.1 I/O edition
Carrier: Not Provided

Thanks: 66
Thanked 971 Times in 704 Posts
Default

Quote:
Originally Posted by OutofDate1980 View Post
Which has nothing to do with making the class action anti-trust complaint public. Obama is not a party to the class action lawsuit.
Here's the thing.

Complaint is made public.
Let's say it's from a time after Romney left Bain in 1999. Obama backers will still blame Romney for it.
Romney will deny it claiming he wasn't with the firm with the time and Obama backers will label him a liar.
Romney loses.
A.Nonymous is offline  
Reply With Quote
Old September 23rd, 2012, 11:12 PM   #45 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Complaint is public record. Doesn't matter if Romney is involved or not.
OutofDate1980 is offline  
Reply With Quote
Old September 24th, 2012, 07:21 AM   #46 (permalink)
Senior Member
 
A.Nonymous's Avatar
 
Join Date: Jun 2010
Posts: 7,061
 
Device(s): Motorola Razr M, Galaxy Tab 10.1 I/O edition
Carrier: Not Provided

Thanks: 66
Thanked 971 Times in 704 Posts
Default

Quote:
Originally Posted by OutofDate1980 View Post
Complaint is public record. Doesn't matter if Romney is involved or not.
You realize Romney will get blamed for it whether he's involved or not right?
A.Nonymous is offline  
Reply With Quote
Old September 24th, 2012, 07:42 AM   #47 (permalink)
Member
 
nailzer's Avatar
 
Join Date: Sep 2011
Location: Central Florida
Posts: 444
 
Device(s): Samsung GS3 SCHR530, Hisense Sero 7 Pro (root)
Carrier: metroPCS

Thanks: 30
Thanked 66 Times in 53 Posts
Default

Quote:
Originally Posted by A.Nonymous View Post
You realize Romney will get blamed for it whether he's involved or not right?
Just like he was accused of killing a woman.
nailzer is offline  
Reply With Quote
Old September 24th, 2012, 09:30 AM   #48 (permalink)
Senior Member
 
A.Nonymous's Avatar
 
Join Date: Jun 2010
Posts: 7,061
 
Device(s): Motorola Razr M, Galaxy Tab 10.1 I/O edition
Carrier: Not Provided

Thanks: 66
Thanked 971 Times in 704 Posts
Default

Well, Ted Kennedy proved you can kill a woman and still have a successful political career.
A.Nonymous is offline  
Reply With Quote
Old September 24th, 2012, 10:31 AM   #49 (permalink)
Member
 
nailzer's Avatar
 
Join Date: Sep 2011
Location: Central Florida
Posts: 444
 
Device(s): Samsung GS3 SCHR530, Hisense Sero 7 Pro (root)
Carrier: metroPCS

Thanks: 30
Thanked 66 Times in 53 Posts
Default

He did though. Directly at fault.
nailzer is offline  
Reply With Quote
Old September 24th, 2012, 11:23 PM   #50 (permalink)
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by A.Nonymous View Post
You realize Romney will get blamed for it whether he's involved or not right?
Romney was the CEO till at least 2002. He still derives a great deal of income from the company. Again, this is a court case, so if he gets blamed or not is not relevant.
OutofDate1980 is offline  
Reply With Quote
Reply


Go Back   Android Forums > Android Forums Community > The Lounge > Politics and Current Affairs
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 10:02 PM.
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.