Everything Is Just Peachy

[tw]

Originally Posted by Luce

While I don't disagree with you in principle, in this case, the recession occurred because we let bankers run wild with mortgage bundling.

Those money games made things look better for years. Until the ponzi scheme collapsed. Making a recession almost into another great depression.

Mortgage bundling was only one of many techniques that business school graduates were using to make profits where nothing was being created. SIV, CDOs, and plenty of other vehicles were used. In every case, massive profits were appearing on spread sheets where nothing tangible was created.

In the case of mortgages, they simply bundled many mortgages into a financial instrument. Then declared the financial instrument as another equity - as if it had value like real estate, a factory product, or a bridge. Suddenly a $1 mortgage on a house created many financial instruments that were also called a $1 entity. Another ponzi scheme.

When this house of cards collapsed, suddenly liquidity disappeared. Which explains is why TARP was so successful. It provided liquidity so that companies could still pay their employees, et al.

But the recession was coming anyway. Tax cuts are simply another money game to pump heroin into the economy. And then pay for it massively later. Tax cuts have never made a more robust economy. Only innovaton does that.

Worse, throwing money at innovation can even create less innovation. Just another reason why tax cuts end up paying for more European vacations. That is a better return on investment.

[Griff]

So Biden says he will refuse to testify if called to by the Senate. I want all the assholes to testify not just the Republican assholes. I understand that it's just to distract from Trump's nonsense but I'd like it all out there.

https://www.foxnews.com/politics/bid...eachment-trial

[Luce]

Originally Posted by Griff

So Biden says he will refuse to testify if called to by the Senate. I want all the assholes to testify not just the Republican assholes. I understand that it's just to distract from Trump's nonsense but I'd like it all out there.

https://www.foxnews.com/politics/bid...eachment-trial

So they can have a separate trial if they can manage one. Biden is not a witness.

[Griff]

Originally Posted by Luce

So they can have a separate trial if they can manage one. Biden is not a witness.

I believe Trump's defense is that Biden secured Hunter's highly paid pretend job job by pressuring Ukraine, making Biden a legitimate target for investigation. He needs to testify.

Everything points to Hunter's highly paid pretend job being given on the assumption that it would be protection against investigation not a more specific quid pro quo. It is obviously corruption, just the legal kind which we excuse our team for and condemn the other team for.

[tw]

Originally Posted by Griff

Everything points to Hunter's highly paid pretend job being given on the assumption that it would be protection against investigation not a more specific quid pro quo.

Or it is a standard BoD method of giving outsiders, who they want cooperation from, by putting one of their people on the board. At that time, new management was trying to eliminate major and well known corruption. It was threatened by the US with loss of business and support if they did not stop corruption.

What better than to put an American, with contacts inside America, on their board. Then someone on their board is reporting back on how the BoDs are trying to and are addressing corruption.

BoDs are routinely paid that kind of money. Many on a BoD because of who they know - contacts that a company needs. If that is corruption, then that defines most major companies in free market economies.

In one company that I am especially familiar with, a retired General was on its board because he was involved with Pentagon operations that were the source of their new contracts. Many Directors are chosen because of who they know and the resulting contacts they bring. In this case, Biden's son was brought in AFTER that Ukrainian energy company had new management that promised to eliminate major corruption.

They wanted Americans to know what they were doing. That they were trying to correct what Amercans had accused them of. Doing so would take many years. But with an American on its board, then Americans would understand they were trying. And contacts would exist to help address that problem.

But again, reality is far more complex then a soundbyte that so many are told to believe. Most believe the soundbyte because it is easier to grasp. Other classic examples include Saddam's WMDs and that Challenger was an accident. Or that Boeing management did not know the 737Max was fundamentally flawed.

[sexobon]

Originally Posted by tw

… Biden's son is his own man. He was not representing the US government. He was his own man with his own job. He was not even in politics. ...

Only an adult who still thinks like a child cannot understand that this is about Joe Biden, not Hunter Biden.

Originally Posted by tw

… It was threatened by the US with loss of business and support if they did not stop corruption. ...

There existed, as you stated, an adversarial relationship that created a conflict of interest. Hunter Biden has duped Joe Biden before. Joe Biden is a credulous man who should've had the integrity to excuse himself from involvement in the situation and turn it over to someone else while his son was there in an influential capacity. To wit:

Originally Posted by tw

Or it is a standard BoD method of giving outsiders, who they want cooperation from, by putting one of their people on the board. ...

Hunter Biden was hired to influence Americans to include Joe Biden by his son's mere presence there. Joe Biden's poor judgement in this and other areas will be his downfall.