Video61@[EMAIL PROTECTED]
wrote:
>On Apr 21, 12:31 pm, alexy <nos...@[EMAIL PROTECTED]
> wrote:
>> Vide...@[EMAIL PROTECTED]
wrote:
>> >On Apr 21, 11:35 am, alexy <nos...@[EMAIL PROTECTED]
> wrote:
>> >> Vide...@[EMAIL PROTECTED]
wrote:
>>
>> >> > coming to america soon,
>> >> > 28 days, then 90 days, than 6 months, than a year, then maybe
>> >> >lifetime? i betcha its coming. meanwhile we must not pamper the
little
>> >> >guys, after all, they must be self responsible.
>> >> > i wonder how many more 4 pound lobsters, french champagne, and
>> >> >bonuses will be consumed after this little give away to the free
>> >> >market.
>>
>> >> Do you read the articles you post?
>> >> Do you know the meaning of debt forgiveness?
>> >> Where did you think you saw anything in this article about debt
>> >> forgiveness?
>>
>> > the above statement
>>
>> Actually, those three sentences are known as "questions", not
>> "statements". And they are questions that you seem not to want to
>> address. Do you think that "debt forgiveness" means anything like
>> "Reduction in loan value when a loan is discounted from its original
>> principal or charged off as a bad debt" that the dictionary says"? Do
>> you think there was anything in this article about debt forgiveness?
>> If so, why not point it out?
>>
>>
>
> you mean like bear sterns?
No. Nothing in the article you posted about them or about another
situation that parallels them.
> kinda looks like debt forgiveness to me.
What debt was forgiven?
>the investment hous that bout bear, did not want most of its so-called
>assets, assets that i told you could not be sold, so what is their
>value, worthless? you still cannot come to grips with that.
And how do you think that relates to either the article you posted
about the Bank of England or the concept of debt forgiveness?
> the fed
>accepted the so-called assets, because morgan would not touch them.
Yep. No debt forgiveness, but propping up of assets.
> so
>is that a bailout, where the ceo and board gets to keep their ill
>gotten bonus's, and the fed gets worthless assets. you tell me.
I agree. A windfall. They got $8/share on stock that had been trading
at $65 a few months earlier. But in fairness, they should have gotten
closer to $0. No debt forgiveness there, but an artificial propping
up of assets.
> if you had any capabilities at all, you would see the words "one
>year", as a problem. and the beginnings of the fat cat debt
>forgiveness.
The sky is falling! The sky is falling! Run, we must tell the king.
>
>>
>> > is coming from a guy who could not see what was
>> >coming last august. sorry alex, you are in no position to even
>> >understand what is going on right now. remember, to understand, you
>> >must be able to connect the dots, and understand that there are other
>> >shoes about to drop. OBTW, the other shoes have been dropping almost
>> >daily now since you last slunk away.
>>
>> >> >http://biz.yahoo.com/ap/080421/britain_credit_crisis.html
>>
>> >> >Bank of England facilitates bank debt swap
>> >> >Monday April 21, 7:40 am ET
>> >> >By Robert Barr, Associated Press Writer
>>
>> >> >Bank of England offers banks $100B program to swap mortgage-backed
>> >> >securities for UK issues
>>
>> >> >LONDON (AP) -- The Bank of England, aiming to deal with the
crippling
>> >> >impact of the U.S. subprime mortgage crisis, on Monday announced a
>> >> >$100 billion plan to allow banks to swap mortgage-backed securities
>> >> >for British Treasury bills.
>> >> >"The Bank of England's special liquidity scheme is designed to
improve
>> >> >the liquidity position of the banking system and raise confidence
in
>> >> >financial markets while ensuring that the risk of losses on the
loans
>> >> >they have made remains with the banks," said central bank Governor
>> >> >Mervyn King.
>>
>> >> Reread that paragraph several times to see if it sinks in.
>>
>> > i understand it totally. you do not.
>>
>> And you think it refers to debt forgiveness? What debt is being
>> forgiven? If you understand it totally, why not share your insight
>> with us lesser mortals?
>>
>
>you will never change, this quote is for you,
> "our state and nation have experienced major declines resulting from
>contem****ary conservative leaders and their simplistic ideas. their
>dour polices regularly fail to connect the dots, let alone comprehend
>the space between them.
>richard a. swanson"
Nice quote. Is that offered since you cannot figure out what a debt is
and how it is forgiven?
>
>> >> >"Given its scale, the scheme is indemnified by the Treasury, but is
>> >> >designed to avoid the public sector taking on the risk of potential
>> >> >losses," the Bank of England said.
>> >> >"Banks will need, at all times, to provide the Bank of England with
>> >> >assets of significantly greater value than the Treasury bills they
>> >> >have received. If the value of those assets were to fall, the banks
>> >> >would need to provide more assets, or return some of the Treasury
>> >> >bills."
>>
>> >> Hard to read that as debt forgiveness.
>>
>> And so far, you've provided no insight into how you read debt
>> forgiveness into this.
>> --
>
>
>"one year"
That's your explanation for how you read "debt forgiveness" into this
article. That's pitiful.
--
Alex -- Replace "nospam" with "mail" to reply by email. Checked
infrequently.
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