Monday, November 24, 2008

shoulda, coulda, woulda

I feel like im playing the drums. I know I may harp on things a bit too much, but I write about what I think. I aint trying to get no brownie points or shit, just trying to see if folks think along the same lines as I do about an assortment of topics. Now back to loot.

Ass backwards, these folk finna buy 100 big ones of Citibank, when they say all is good, everything is fine. I just don’t see why the feds gone buy now, what they said they were gone buy at first, when they didn’t. I just want to say BO, don’t bail out folk when there is no transparency to the assets they hold.

Applied probability of default is all im asking because all these folks is doing is week by week stabilization. Somebody has to restore order – confidence. Buying bad assets aint the ticket. We got to handle this shit from the bottom. Shit, should have injected loot into the student loans or gave grants of 25K to all small businesses with caps under 250k. But what I know? I just know how to count and make money.

Aint no market for anything toxic, assets included and im talking derivatives as well. Don’t nobody want nothing they don’t know the value of, that’s why I still say Obama, like the rest of the poly-tricksters is stupid – giving loot for shit one don’t know the value off.

Barack can’t do jack (hands were tied from jum street), for we still gone loose at least a million jobs next year. That’s why I know he can’t keep his campaign promise, what he lied to folks about on raising taxes or giving tax breaks. But the supple are just that and believe what anyone will tell them. That’s why I said Bernake and Paulson was just throwing loot in the wind. And I was right, but I aint saying it just to say I was right – dumb fucks.

And I aint gone get into the g21 (albeit they say 20). I had to read the word ensure about 22 times in their statement they released November 15th at the Summit on Financial Markets and the World Economy. Add to that I couldn’t the word should used more than 60. This says to me or really confirms that these folks really shooting from the hips and fail to realize that nobody can monetize assets if we don’t know the value, if any said assets have. Banks will continue to lead the decliners - I say invest in mines and chips (computer)

Common share holders are the critical aspects of a bank but we make these equity injections above the common share holders, and we wonder why they don’t work. Why, because we talking about trillions of dollars and they just making sure folk got enough loot to pay themselves. No wonder things are getting worse - the approaches being used seem to be azz backwards and the answers aint nothing but should a, could a, would a. So Mr. President Elect - hit us with the up and up and dont fall for the okie doke - they setting you up, thank god u a thinker.

26 comments:

Linda said...

first!

.... uhmm.. and perhaps I don't know anything about the subject and have nothing interesting to say? darn.....

greetings from the netherlands!

Kit (Keep It Trill) said...

I can't help but think this meltdown is deliberate and only part of their larger plan to achieve Manifest Destiny and global depopulation, which I wrote about in that link.

Keli said...

Hmmm...

I would not say that our president elect lied, but I do feel that he told the masses what he felt they needed to hear, that he said whatever to be elected, and now he has to run and try to make good on his promises...I do know that he's a Washington politician just like the rest of them, and because he was wrapped in a liberal ethnic package, people seem to believe he's the 2nd coming. I do feel that his administration will help point us back in the right direction...but he will raise taxes, and "main street" will not see the breaks he promised, and he will increase federal spending in an attempt to create jobs...but the jobs are not going to be in the sectors that are experiencing loss...promises, promises, promises...

Anonymous said...

generally all presidential candidates tell the general masses what they want to hear... but then there's a guy like ron paul who makes the most sense out of all the candidates and doesn't get elected...

-the donalg

ChocolateOrchid said...

I have to agree w/Keli on this topic. He definitely still is a politician. So he's gonna do the "political" things they do but I sincerely believe that in the process he's gonna do his best to do the right thing. At least that is what I hope...

Craigjc said...

Finally. Somebody not afraid to speak the truth about Obama. Dude's been bought like the rest.

rainywalker said...

RDB I agree. How is 100 billion gonna help someone who once had 2 trillion and just want to send the big boys home for Thanksgiving.

Jackie E. said...

I'm gonna have to side with Chocolate Orchid. Yes, he's a politician but I really believe that he's going to do his very best to do what's right by the American people. I pray, I pray, I pray that his intentions are honourable. The question that remains though is, are is means gonna get him to the end he hopes for....I guess only time will tell!

Hawa Bond said...

I'm a registered Democrat, but I don't do the "blind loyalty voting" thing. Ron Paul was always on my radar. Unfortunately, I realized that voting for him would be wasted vote against Obama since folks aren't ready for the likes of Paul.

I believe Obama has the right intentions and desires to make good on his plans. Whether he can with that fight against the "establishment"... who knows.

Hawa, author of
Fackin Truth Blog (Personal Blog)
and
Cleanse Master Remix (Health Blog)

clnmike said...

Look I never believed Barack about cutting taxs, especially with a war out there that just wasnt logical.

What I understand though is that under a Republican administration they like to pay bills by cutting funding, favorite tartgets being social and health programs.

The Democrats will raise taxes but the money will be channeled in the right spots.

And if he is able to end the war in Iraq were going to start seeing it rain money.

Folk said...

I've always stated that I vote for the person that I suspect will lie to me the least. If he lied willingly or not, I'm with you on the fact that he was fvcked from the jump. Obama didn't have a chance before he was elected. Heck, no one had a chance coming after the Bush/Bernake fvck up.

As for the bailout. Still calling bull on the whole program. Classic way to give billions of taxpayers money to friends and relatives before all of those fvckers bailed on us. Bailout don't help no one at the bottom. What would have been a better solution? education (revamp system, update facilities and books, remove the economic educational divide for the next generation to compete on a world basis and not a neighborhood one, eliminate teachers unions), energy (solar, wind, nuclear, and crude), roads, telecommunication infrastructure, and I do agree with small business venture capital investment. Before all the big business became big, they too were simple ideas created in living rooms and coffee shops in America. fvck the big companies. Small companies dominate America primarily anyway. America will loose far more jobs at the small business level than at the large corporate level any day. Oh I forgot, those people aren't the vested friends of people on the hill (too bad small business owners don't have lobbyists).

Kofi said...

One person can't fix everything.

clnmike said...

You have been awarded the Superior Scribbler Award.

At http://thehappygoluckybachelor.blogspot.com/2008/11/sjp-flatters-me-by-awarding-me-with.html

The Bear Maiden said...

There were other reasons to vote for Obama; that he was going to be able to save America from itself wasn't one of them. At least in my book.

And I gotta say. It REALLY PISSES ME OFF that they can spend billions to bail out Citibank and Detroit and AIG... places that abused their power and threw millions and millions down the crabhole. And yet, you're right, they WON'T help folks out with the Student Loan debt.And Sallie Mae? Worse than the mob.

And there are women who are homeless with children, sitting in shelters, medicating themselves to escape from abuse rather than leave because there is no money to bail them out. Where is the piddlyshit $4-6K it might take them to put them in a safe home with a lock on the door and some food? So they can get out and do something productive? Nope, fuck them. They're poor. They probably deserved what they got anyway... It's much better to give 10 times that to Citibank.

Kayos said...

You right about the politicians..they are all the same with the same agenda and there's really no reason for bipartisanship.

I do feel we will find some changes under Mr. Obama that will be better for the nation.

Just do what you do best...make that money man!

Demon Hunter said...

Yes, all politicians have an agenda, but I feel like Obama is actually trying to make a difference. Of course, time will tell. And he cannot be expected to fix what Bush and so many like him have broken.

As far as giving money to these large corporations, it's stupid, but America is known for keeping that hierarchy. The rich get richer, and the poor get poorer.

If everyone made the same amount of money and had the same level of education, then who would the government rule? That's apparently their thinking...

Sista GP said...

It is hard for me to concentrate of what will happen in the new administration when all around me I see houses on the market since early this year, hear about business closures, and companies still preparing to "expand" overseas.
I am working to structure my world for the upcoming financial failures.

Curious said...

There's nothing left here to say. Except in my case, I believe Obama may not have been the right choice, just from his recorded votes this year which tell people who and what he is, but he was the best choice as far as I was concerned.

Now all we have to do is make sure he knows how pragmatic it will be for him to act like a President who will make the right choices and not just someone who will run again 4 years from now. Because if nothing else, the man loves to be pragmatic.

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