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Universal Broadband Plan Calls For $44 Billion
Andy King writes "The new Obama administration has pledged to deploy next-generation broadband to every community in America, but have offered few specifics. The Free Press have published a specific plan to accomplish broadband for all." I'm not sure which will be the bigger headache when my internet breaks: waiting in line at the new government internet office, or waiting on hold for cable tech support.
so what is the carbon footprint of a $44B dollar broadband system - or are you going to tell me its solar powered....
stop it.
the credit crisis did NOT result from the lending to risky borrowers due to those laws, but, from the fact that the bastardly corporations of yours conjured 'derivative' assets over those mortgages, juggled them into complex composure hedge funds and sold them for over SIXTY TIMES their value. now, mark that, SIXTY Times.
because these were considered as investments, therefore assets, the corporations and banks which invested in those showed them in their balance sheets. therefore, all those WATER VAPOR assets have been taken into account while calculating those companies financial health factors, borrowing/lending power and so on. governments and regulators worldwide have given o.k. for those corporations to buy, borrow or lend upon those numbers, because there were no reason not to trust investment banks in united states. entire world thought that they would act responsibly, like total fools.
and those banks and corporations borrowed, lent, loaned and invested ALSO calculating those assets. therefore many of them loaned money/value they dont have, many of them borrowed value that is not there.
and then it turned out that the regulators in u.s. did SH@T of a job in regulating and assessing the financial health of the lenders and the SCAM they were running. why ?
why ! government is inefficient !! if government meddles in business, it kills jobs !!! hands off business !!!
thats why.
and when it came out that the wealth which ENTIRE world thought that was there, was actually a SCAM, VOID, WATER VAPOR. ON PAPER
you know the rest.
dont feed me that stupid 'risky borrower' shit. if a risky borrower bought a house through mortgage, EVEN if the bank gave the mortgage from an overinflated price of 600 k value despite the house was worth actually 400, and the house now only sells for 300 k, 1 million americans risking foreclosure means that there should be only 300 bn worth of assets at stake.
america already provided 700 bn in bailout cash, britain 160 bn, germany 600 and france 400 bn, switzerland 80 bn.
these cover the risky mortgages OVER a few times.
so why bailout money is not fixing the situation ?
BECAUSE THE PROBLEM IS NOT THE MORTGAGES, BUT THE POISONOUS WATER VAPOR ASSETS YOUR BANKS HAVE JUGGLED INTO EXISTENCE.
if you multiply 300 bn with SIXTY, the overselling rate of those FAKE assets, you can get to a rough number of $180 trillion. 180 trillion dollars worth of FAKE assets or more were sold around the world, by your banks, which were NOT regulated in regard to what sh@t they were pulling out.
being brainwashed by private corporations, is your thing. private, personal. we, out of civilized respect, only can voice our opinion on it, but not demand anything. that was what we have done up until now.
however, when your corporations SCAM entire world, excuse me, but that takes on a whole different meaning. this is a global world. you cant do your will and still continue trading globally. you will have to f@cking stick by modern global regulatory standards, and use proper regulatory methods, or you will be going back to herding cattle from kansas to california. for, noone will trade with you again like that. imf, wto, are already pressurizing your government to take its responsibility. you better heed their words.
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The Health Care and Credit crunch hit Europe too even with your vaunted government regulations.
yea, because everyone had the stupidity and foolishness to TRUST american corporations and do business with them.
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No, this is what you get when you elect fascists.
Yes, I'm talking about traditional fascism... not the kind that is just an insult. There used to be people who prided themselves on being fasicsts just as people claim they are socialists or capitalists. I should say fascism is hard to define exactly. However Obama is especially fascist in his economic and social views.
He is not socialist, but believes the government should call the shots in the economy and have a policy for the economy. Basically corporatism.
His social policies are similarly fascist. Serve the state and you are rewarded. At the core of fascism is typically the view of rebirth. That after a nation is in decline, it must be reborn. Lack of class struggle...
There's a reason why fascism is popular. There is a reason why people elected Hitler or supported Mossulini. :) They got things done. Fascism is a reaction. Of couse we can look back and realize what a disaster it was.
It sounded like a good idea at the time
You have elected...a magician. You were so desperate to expunge the perceived evil of the Bush administration that you voted into office a media-created personality in the vain attempt to right the wrongs of the last sixteen years. You have placed your political, social, and economic well-being, into the hands of an individual who has no chance of solving the monumental problems that have brought your country -and possibly the entire world- to the very brink of total social and economic collapse.
You were so deluded by the 'Hope for Change', that you have placed your nation's destiny in the hands of an individual who, as both a Congressman and Senator, has directly sponsored less legislation that has been enacted into law than you could number on the ten fingers and ten toes that you have. He lacks both the will -and the experience- to solve your nation's issues, yet you keep piling on the demands that he do this or that, as if he were Jesus himself being commanded to perform miracles for the mob. He does not have the time, he lacks the experience, he hasn't the the money, to solve all of your nation's problems in four, very short, years. Here's hoping you will wake from your delusion. Soon.