[MadeInTaiwan]

My firm’s name is not on the list but I expect layoffs in the next 24 months. With budget deficit and Obama’s infrastructure, health care goals, defense R&D will get cut, even if just to pay for injured war veteran rehab and replenish tanks and bullets.

Not to hijack the thread, but I voted for the man knowing full well that it might hurt me financially in the short medium term. However, I think in the long term both me personally and more important my children will benefit from some of the refocusing that will be needed.

[MadeInTaiwan]

My firm’s name is not on the list but I expect layoffs in the next 24 months. With budget deficit and Obama’s infrastructure, health care goals, defense R&D will get cut, even if just to pay for injured war veteran rehab and replenish tanks and bullets.

Not to hijack the thread, but I voted for the man knowing full well that it might hurt me financially in the short medium term. However, I think in the long term both me personally and more important my children will benefit from some of the refocusing that will be needed.

[MadeInTaiwan]

My firm’s name is not on the list but I expect layoffs in the next 24 months. With budget deficit and Obama’s infrastructure, health care goals, defense R&D will get cut, even if just to pay for injured war veteran rehab and replenish tanks and bullets.

Not to hijack the thread, but I voted for the man knowing full well that it might hurt me financially in the short medium term. However, I think in the long term both me personally and more important my children will benefit from some of the refocusing that will be needed.

[MadeInTaiwan]

My firm’s name is not on the list but I expect layoffs in the next 24 months. With budget deficit and Obama’s infrastructure, health care goals, defense R&D will get cut, even if just to pay for injured war veteran rehab and replenish tanks and bullets.

Not to hijack the thread, but I voted for the man knowing full well that it might hurt me financially in the short medium term. However, I think in the long term both me personally and more important my children will benefit from some of the refocusing that will be needed.

[MadeInTaiwan]

My firm’s name is not on the list but I expect layoffs in the next 24 months. With budget deficit and Obama’s infrastructure, health care goals, defense R&D will get cut, even if just to pay for injured war veteran rehab and replenish tanks and bullets.

Not to hijack the thread, but I voted for the man knowing full well that it might hurt me financially in the short medium term. However, I think in the long term both me personally and more important my children will benefit from some of the refocusing that will be needed.

[MadeInTaiwan]

How about this?

http://nymag.com/daily/intel/2008/10/matt_taibbi_and_byron_york_but.html

Relevant quote

“The CDS market, this market for credit default swaps that was created in 2000 by Phil Gramm’s Commodities Future Modernization Act, this is now a $62 trillion market, up from $900 billion in 2000. That’s like five times the size of the holdings in the NYSE. And it’s all speculation by Wall Street traders. It’s a classic bubble/Ponzi scheme. “

While I think that Obama is not without blame, (who in Washington is?), surely you’re not going to suggest it is all his fault?

[MadeInTaiwan]

How about this?

http://nymag.com/daily/intel/2008/10/matt_taibbi_and_byron_york_but.html

Relevant quote

“The CDS market, this market for credit default swaps that was created in 2000 by Phil Gramm’s Commodities Future Modernization Act, this is now a $62 trillion market, up from $900 billion in 2000. That’s like five times the size of the holdings in the NYSE. And it’s all speculation by Wall Street traders. It’s a classic bubble/Ponzi scheme. “

While I think that Obama is not without blame, (who in Washington is?), surely you’re not going to suggest it is all his fault?

[MadeInTaiwan]

How about this?

http://nymag.com/daily/intel/2008/10/matt_taibbi_and_byron_york_but.html

Relevant quote

“The CDS market, this market for credit default swaps that was created in 2000 by Phil Gramm’s Commodities Future Modernization Act, this is now a $62 trillion market, up from $900 billion in 2000. That’s like five times the size of the holdings in the NYSE. And it’s all speculation by Wall Street traders. It’s a classic bubble/Ponzi scheme. “

While I think that Obama is not without blame, (who in Washington is?), surely you’re not going to suggest it is all his fault?

[MadeInTaiwan]

How about this?

http://nymag.com/daily/intel/2008/10/matt_taibbi_and_byron_york_but.html

Relevant quote

“The CDS market, this market for credit default swaps that was created in 2000 by Phil Gramm’s Commodities Future Modernization Act, this is now a $62 trillion market, up from $900 billion in 2000. That’s like five times the size of the holdings in the NYSE. And it’s all speculation by Wall Street traders. It’s a classic bubble/Ponzi scheme. “

While I think that Obama is not without blame, (who in Washington is?), surely you’re not going to suggest it is all his fault?

[MadeInTaiwan]

How about this?

http://nymag.com/daily/intel/2008/10/matt_taibbi_and_byron_york_but.html

Relevant quote

“The CDS market, this market for credit default swaps that was created in 2000 by Phil Gramm’s Commodities Future Modernization Act, this is now a $62 trillion market, up from $900 billion in 2000. That’s like five times the size of the holdings in the NYSE. And it’s all speculation by Wall Street traders. It’s a classic bubble/Ponzi scheme. “

While I think that Obama is not without blame, (who in Washington is?), surely you’re not going to suggest it is all his fault?

[MadeInTaiwan]

[quote=j]What good is a 90-day moratorium when most banks wait 6 months to start the foreclosure process. When somebody is 6 to 9 months behind on payments they will never catch up. 90-day moratoriums are simply talk.

The truth is this is going to be painful, but how is the pain going to be dispersed? Is it going to go mostly to the people and companies that caused the problem with some major over spill, or is it going to go straight to the tax payers with little consequence on the guilty parties?[/quote]

If it is only talk, then you can simply throw it away as an empty promise that a politician has no intention of keeping.

While I don’t like it, I also understand that the electorate punishes politician who don’t over promise. Since I think my guy has better decision making process and solutions for our country, I will accept that empty promise.

[MadeInTaiwan]

[quote=j]What good is a 90-day moratorium when most banks wait 6 months to start the foreclosure process. When somebody is 6 to 9 months behind on payments they will never catch up. 90-day moratoriums are simply talk.

The truth is this is going to be painful, but how is the pain going to be dispersed? Is it going to go mostly to the people and companies that caused the problem with some major over spill, or is it going to go straight to the tax payers with little consequence on the guilty parties?[/quote]

If it is only talk, then you can simply throw it away as an empty promise that a politician has no intention of keeping.

While I don’t like it, I also understand that the electorate punishes politician who don’t over promise. Since I think my guy has better decision making process and solutions for our country, I will accept that empty promise.

[MadeInTaiwan]

[quote=j]What good is a 90-day moratorium when most banks wait 6 months to start the foreclosure process. When somebody is 6 to 9 months behind on payments they will never catch up. 90-day moratoriums are simply talk.

The truth is this is going to be painful, but how is the pain going to be dispersed? Is it going to go mostly to the people and companies that caused the problem with some major over spill, or is it going to go straight to the tax payers with little consequence on the guilty parties?[/quote]

If it is only talk, then you can simply throw it away as an empty promise that a politician has no intention of keeping.

While I don’t like it, I also understand that the electorate punishes politician who don’t over promise. Since I think my guy has better decision making process and solutions for our country, I will accept that empty promise.

[MadeInTaiwan]

[quote=j]What good is a 90-day moratorium when most banks wait 6 months to start the foreclosure process. When somebody is 6 to 9 months behind on payments they will never catch up. 90-day moratoriums are simply talk.

The truth is this is going to be painful, but how is the pain going to be dispersed? Is it going to go mostly to the people and companies that caused the problem with some major over spill, or is it going to go straight to the tax payers with little consequence on the guilty parties?[/quote]

If it is only talk, then you can simply throw it away as an empty promise that a politician has no intention of keeping.

While I don’t like it, I also understand that the electorate punishes politician who don’t over promise. Since I think my guy has better decision making process and solutions for our country, I will accept that empty promise.

[MadeInTaiwan]

[quote=j]What good is a 90-day moratorium when most banks wait 6 months to start the foreclosure process. When somebody is 6 to 9 months behind on payments they will never catch up. 90-day moratoriums are simply talk.

The truth is this is going to be painful, but how is the pain going to be dispersed? Is it going to go mostly to the people and companies that caused the problem with some major over spill, or is it going to go straight to the tax payers with little consequence on the guilty parties?[/quote]

If it is only talk, then you can simply throw it away as an empty promise that a politician has no intention of keeping.

While I don’t like it, I also understand that the electorate punishes politician who don’t over promise. Since I think my guy has better decision making process and solutions for our country, I will accept that empty promise.

[Author]

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