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AIG spends $500,000 on a vacation after the bailout.

Discussion in 'BlackHat Lounge' started by premiumsource, Oct 8, 2008.

  1. premiumsource

    premiumsource Senior Member

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  2. niche1

    niche1 Jr. VIP Jr. VIP Premium Member

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    Throw their asses in jail right along with OJ Simpson!

    He could use the company!

    Even Bill Clinton tells it how it really is that many Democrats chose not to listen when the Republicans brought up the fears about Fannie and Freddie.......... in my opinion those on the oversight committee should be investigated and this bunch happens to include Democrats who ran the oversight, and the Republican and Independents who did not raise Holy Hell!

    Everyone blames the Republicans, when in fact, the Democrats have had control of both Congress and the House of Representatives for the past 2 years!!!!

    The President did get out scream to the public...........if I were he, I would have been the most obnoxious and angry President. Hammering the airwaves, sounding the alarm.

    In 2004, there were a series of hearings in which the Republicans brought up dire problems with Freddie and Fannie......they were promptly shot down. Don't take my word for it, just watch the clip of the hearings.

    THOSE people are also responsible. It will infuriate anyone who watches it.

    I dealt with Countrywide, personally. You know what? They deserve all of the bad press that they have been getting.

    Food for thought:

    1. Democrats have responsibility with this whole mess and did NOT due their due diligence.

    2. Republicans could and should have continued to scream bloody hell about Freddie and Fannie......go on the talk show, rent bill boards, hold their own hearings........backed down, instead.

    3. Criminal acts were committed by the oversight committee. Those people committed malfeasance at the very least. Their feet must be held to the fire. The companies/individuals involved must be investigated and prosecuted.

    4. We all are affected by this......THE WHOLE WORLD! While it is hard not to panic, we all must remain calm. And remember this can happen in any country........those living outside of the US.......heed what happened. Make sure the same thing is NOT happening quietly in your own country.
     
  3. BlackSmack

    BlackSmack Junior Member

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    This is what happens when the class gap (income) is as large as it is, wealth isn't disbursed in a reasonable manor, less people control more, and they do whatever the fuck they want.
     
  4. tmd4183

    tmd4183 BANNED BANNED

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    It has already happened:

    REYKJAVIK, Iceland - This volcanic island near the Arctic Circle is on the brink of becoming the first "national bankruptcy" of the global financial meltdown.



    Home to just 320,000 people on a territory the size of Kentucky, Iceland has formidable international reach because of an outsized banking sector that set out with Viking confidence to conquer swaths of the British economy — from fashion retailers to top soccer teams.

    The strategy gave Icelanders one of the world's highest per capita incomes. But now they are watching helplessly as their economy implodes — their currency losing almost half its value, and their heavily exposed banks collapsing under the weight of debts incurred by lending in the boom times.

    "Everything is closed. We couldn't sell our stock or take money from the bank," said Johann Sigurdsson as he left a branch of Landsbanki in downtown Reykjavik.

    The government had earlier announced it had nationalized the bank under emergency laws enacted to deal with the crisis.

    "We have been forced to take decisive action to save the country," Prime Minister Geir H. Haarde said of those sweeping new powers that allow the government to take over companies, limit the authority of boards, and call shareholder meetings.

    A full-blown collapse of Iceland's financial system would send shock waves across Europe, given the heavy investment by Icelandic banks and companies across the continent.

    One of Iceland's biggest companies, retailing investment group Baugur, owns or has stakes in dozens of major European retailers — including enough to make it the largest private company in Britain, where it owns a handful of stores such as the famous toy store Hamley's.

    Kaupthing, Iceland's largest bank and one of those whose share trading was suspended last week to stop a huge sell-off, has also invested in European retail groups.

    Thousands of Britons have accounts with Icesave, the online arm of Landsbanki that regulators said was likely to file for bankruptcy after it stopped permitting customers to withdraw money from their accounts Tuesday.

    To try to wrest control of the spiraling situation, the government also loaned $680 million to Kaupthing to tide it over and said it was negotiating a $5.4 billion loan from Russia to shore up the nation's finances.

    The speed of Iceland's downfall in the week since it announced it was nationalizing Glitnir bank, the country's third largest, caught many by surprise despite warnings that it was the "canary in the coal mine" of the global credit squeeze.

    Famous for its cod fishing industry, geysers, moonscape and the Blue Lagoon, Iceland was the site of the Cold War showdown in which Bobby Fischer of the United States defeated Boris Spassky of the Soviet Union in 1972 for the world chess championship. Last year, Iceland won the U.N.'s "best country to live in" poll, with its residents deemed the most contented in the world.

    UK is is next - then Germany - maybe the swiss - trickle down economics
     
  5. Black Hat Seo

    Black Hat Seo BANNED BANNED

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    It's all on purpose you know, all of this, I'm no genius, but I do know business, and I also know of a lot smarter people than me that have been trying to outline this for at least 50 years.

    Mark my words, within ten years we will have a one economy one government world. All this is just smoke and mirrors to make the people beg for a solution, the solution which will be one world, one currency, one set of politics.

    I've said it before. FUCKING GENIUS, I know I should be disgusted, I do, but I look at it the same way we look at a nuclear bomb going off. It's so destructive and evil but jesus if it isn't a magnificent sight.

    My advice is simple, GET RICH, and GET RICH NOW. Get as much money as you can because pretty soon the "ghettos" will be actual countries since it will all be considered one big continent, and if you can't afford to live in the prime sections with the other rich people.....well enjoy relocating to Iran or Siberia, and if you think I'm kidding, just wait.
     
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  6. Zon Messenger

    Zon Messenger Newbie Premium Member

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    Excellent advice Nevarc.

    But I think It will happen a lot sooner than 10 years. With all the opposition they faced against the North American Union and the TransTexas Corridor, I believe they have choosen to speed things up before too many people wake up.

    It also helps to shake this 'house of cards' to get people nervous before an election.
     
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  7. Steeky

    Steeky Regular Member

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    There is actually a movie about that. I can't remember the name but I do agree with you.
     
  8. Black Hat Seo

    Black Hat Seo BANNED BANNED

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    You're probably talking about zeitgeist and it was a fantastic movie for the simple fact it's gone viral and finally shook some people up.

    I've been having these discussions in forums and privately for 6 years and up until last year, 9 out of 10 people would call me a conspiracy theorist and that it was absurd that any one small group of people could manipulate billions.

    Now that has dropped to only 5 out of 10 people, a pretty good advancement in my mind, unfortunately, I am of the belief it's too late now and too many people are too hypnotized to make any sort of difference.

    I will not be shocked when the day comes that even my previous few posts in this thread will be considered treason, or terrorism, and the government will snatch all my money and throw my in jail just for putting an actual reasonable thought out there.

    I hate to sound like an uncle tom, but when that day comes, I will conform to the regime because I'd rather be rich and happy than right.
     
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  9. sinewave

    sinewave Senior Member Premium Member

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    I won't disagree with this, as I've been having these discussions for over 20 years (anyone remember offline forums?).

    Perhaps.

    Don't forget Edmund Burke's "All that is necessary for the triumph of evil is that good men do nothing."

    While none of us are terribly desirous to fight a losing battle -- and the word "evil" may be somewhat extreme in this discussion -- some of us might do some squirming, then maybe some complaining, then ... who knows where it might lead in such a case? While none of us knows what we'd do until the time comes, I'd bet you'd at least do some squirming. You seem like such a person, to me anyway.

    Another great Edmund Burke quote:
    "Never despair; but if you do, work on in despair."
     
  10. brownhatter

    brownhatter BANNED BANNED

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    Hey read the bible it predicted this long long ago ...

    Wait to we all get chipped I will not allow it ..RFID microchips
    http://www.digitalangel.com This site use to say people too in it's statement of product usage also try http://www.endtimes.com for more info ...

    Plus read http://www.hallinsey.com/ his book Late great Planet Earth I believe written in the late 1960's see how up to date it reads...
     
    Last edited: Oct 8, 2008
  11. tonlilaz

    tonlilaz Executive VIP Premium Member

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    i think in a few years there will be a student loan issue...w/kids not getting jobs after school

    jmo
     
  12. deth_by_uv

    deth_by_uv Power Member

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    I swear, if every fucking American had at least a rifle and handgun in their home there would be major revolt boiling up...I am really becoming distraught with the fuck bags running the government...

    I guess that's why they disarm us all, make us fat through video games and tv sitcoms while we munch our ass away on a fraudulent 'Food Pyramid' that is the leading cause of diabetes, and get us all distracted by the latest sales at the super walmart in your town...

    I gotta stop watching the news or reading about it first thing in the morning...this whole bailout fiasco gets me really fucked up in the head...
     
  13. infinite78

    infinite78 Newbie

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    Yeah my husband has been saying this for the longest. He was telling me when everything becomes one they are going to change the currency to the Amero, i think that's what he called it...soo enjoy your money now before the US dollar becomes worth less than a peso.
     
  14. soctal

    soctal Regular Member

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    Code:
    http://www.dailykos.com/story/2008/9/20/21195/8886
    H.R. 1461: A GSE "Reform" That Is Worse than Current Law
    Code:
    http://www.aei.org/publications/pubID.22705/pub_detail.asp
    
     
    Last edited: Oct 9, 2008
  15. BabyBoy06

    BabyBoy06 BANNED BANNED

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    This topic doesn't have any of my interest but to say the least, if you read on CNN.com right now, they're currently looking for MORE funds (in the amount of another $30 billion.)

    :eek: WHAT THE FUCK ARE THEY THINKING!
     
  16. PauloPT

    PauloPT Jr. VIP Jr. VIP Premium Member

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    It's all about the money. Money money money. Politicians mean little.
     
  17. soctal

    soctal Regular Member

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    While i dont feel its necessary to defend the demos for their role in this mess, its ludicrous and dishonest to put this entirely on one party.
    freddie mac owned congressmen from both parties, also please see other post for details on this bill
    and the fact of the matter is there appears to be more than enough laws passed, the problem was/is enforcement.

    this is laughable. you know darn well we have lived the last 30 years in a era of reaganomics, even during the central democratic clinton era. cut taxes and
    deregulate whereever possible, and let industries police themselves.
    see;

    Code:
    http://www.nytimes.com/2008/10/03/business/03sec.html?pagewanted=2&em
    
    http://graphics8.nytimes.com/podcasts/2008/10/03/03backstory-labaton.mp3
    
    
    republicans had to look far and wide for an issue they believed absolved them and their candidate of this mess and put a race-baiting, wille horton spin on this issue by blaming poor black homeowners for this financial world calamity, but a little research of the facts doesnt really get it there. they couldnt use this issue because their supposed fight to regulate the industry wasnt really apparent.

    well now THAT we agree on.

    i am constantly running into post from the conservative point of view that does not cover the most important aspect of how the home mortgage situation became a global meltdown. i confess i am trying to understand it myself. apparently its was because banks and wall street players bundled all home mortgage loans into securities, a 10 trillion dollar value, and use tools called derivatives to blow the value into the tens of trillions and sold them to markets all over the world. ( these junk bonds were sold as AAA bonds) it made a lot of people on wall street very rich.

    mcalvany explains it on the radio show coast2coastam:

    Code:
    http://rapidshare.com/files/151937608/fitts-mcalvany_-_Oct_06_2008_-_Hour_1.mp3.html
     
  18. Keedev

    Keedev Regular Member

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    http://www.nytimes.com/2008/09/18/opinion/18kristof.html?_r=1&em&oref=slogin


    This is not spam btw.
     
  19. patrick6411

    patrick6411 Regular Member

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    Guys relax. This was not the fault of one group, but all Americans. Look back into history and you will see that when economies get to big they fall. The bubble busted on the savings and loans. It happened in the 90's it will happen again in twenty years. What comes up must come down. Our economy grew way to fast. We are all at fault here. We go out to eat lunch and we pay for lunch with a credit card. Most Americans are living beyond their means.
    If you want to fix the problems of our economy, USA, then buy American and sell American. This has helped in the past when we went through this. In fact it was Walmart that took the lead in the buy American, Sell American.
    The true crime is that the government has 700 billion dollars of our money to loan out. The average American works 5.5 months out of the years just to pay taxes. Tell me thats not a crime.
     
  20. Entrepreneur

    Entrepreneur Regular Member

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