Whose the bad guy now?

[Sniperchoke]

In 2008 the big oil business particularly Exxon made 42 billion in windfall profits most politicians on both sides campaigned saying that these were excessive profits made at a time when working Americans were hurting financially. Just released today the Fed made a record 52 billion in windfall profits. Now where is the outrage. Fed employees ought to be called to testify before congress cancel all vacations and suspend all bonuses. Ill bet the rent very little will be done in response. So I ask who are the bad guys now Big Business or Big Government????????

 

[Guest]

What has the fed got to sell to make the profits you are talking about? Where do you get your information?

 

[elwestb]

? Interest from the TARP / Bail out funds, I think. I just caught part of the report. But if the Gov't "loaned" the money to whomever, shouldn't the companies that took the money have to pay interest? I would think so! If I heard that report correctly, the interest or profit was being turned over the Federal Reserve. So good for them!

 

[beetlespin]

This info was widely circulated in the financial news today. Maybe they can pay about 5 minutes worth of deficit with it.

 

[Sniperchoke]

Yeah but the politicians won't do anything good with it.

 

[Sniperchoke]

The Fed said the bulk of the increase in 2009 came from earnings on its securities holdings. It earned $46.1 billion on U.S. Treasuries and debt from government-sponsored enterprises.

The Fed made another $5.5 billion from limited liability companies, created in response to the financial crisis, and $2.9 billion on loans extended to banks and other financial institutions. The Fed also earned $2.6 billion from currency swaps and another $1.5 billion mostly from fees.

 

[Guest]

Sniperchoke - 1/12/2010 8:57 PM The Fed said the bulk of the increase in 2009 came from earnings on its securities holdings. It earned $46.1 billion on U.S. Treasuries and debt from government-sponsored enterprises. The Fed made another $5.5 billion from limited liability companies, created in response to the financial crisis, and $2.9 billion on loans extended to banks and other financial institutions. The Fed also earned $2.6 billion from currency swaps and another $1.5 billion mostly from fees.

</p>

Obama is doing a pretty good job huh?</p>

 

[Sniperchoke]

Its pretty easy to do a good job financialy when you can levee taxes against the competition and you have the Treasury to back you up financially... Hmmmmm almost sounds like a monopoly?

 

[Guest]

Sniperchoke - 1/12/2010 9:21 PM Its pretty easy to do a good job financialy when you can levee taxes against the competition and you have the Treasury to back you up financially... Hmmmmm almost sounds like a monopoly?

</p>

But he is taking in money, not paying it out.</p>

 

[Sniperchoke]

Not paying it out we just increased the debt ceiling to 13 Trillion. You don't know what your talking about.

 

[SNUFFY]

don`t forget Doc...Choke is a financial wizard.......thats why he spends all his time on this forum

 

[Sniperchoke]

Now thats an intelligent comeback.

 

[Guest]

Sniperchoke - 1/12/2010 9:57 PM Now thats an intelligent comeback.

</p>

Better than your answers.</p>

 

[Sniperchoke]

Another one. Wow you guys are too smart for me.

 

[Guest]

Sniperchoke - 1/12/2010 10:07 PM Another one. Wow you guys are too smart for me.

</p>

We appreciate the praise.emoWorthy emoWorthy emoWorthy </p>

 

[Sniperchoke]

One day I will get to tell my daughter who is now 3 yrs old that it was uninformed voters like yourselves that caused the nation to turn from prosperity to socialism and that is why we have lost all of our freedoms.

 

[Guest]

I have been informed for many, many, many years now, don't need anyone trying to change my mind. Your idea of prosperty and mine don't match at all, I just lived thru another republican prosperity and don't want another one and how you would like to go back down that road beats the hell out of me. I haven't lost any rights at all, pay my fair share of taxes, I am treated just like everyone else in the good ole USA, no better and no worse.

 

[SpurHunter]

Play nice boys..........

 

[Guest]

Doc1 - 1/12/2010 11:45 PM

I have been informed for many, many, many years now, don't need anyone trying to change my mind. haven't lost any rights at all, pay my fair share of taxes, I am treated just like everyone else in the good ole USA, no better and no worse.

This is too funny right here. emoUpsmile emoUpsmile emoUpsmile

Especially the tax part. emoUpsmile emoUpsmile emoUpsmile

 

[TheMacDaddy]

BOYCOTT THE OIL COMPANIES: Do you want to pay back the oil companies everyone can stand up and start revolution against these money hungry companies....
Pick an gas station, lets say shell gas, everyone can quit buying gas there for ever.... What does this do? This causes shell gas station to go under because they
could not financially hold boycott against them.... The power is in the buyers hand but we don't group together and stand up for what is right...

WE ALL CAN MAKE AN DIFFERENCE!!!! ARE YOU A TALKER OR A DOER?????