cordycord

iTrader: (2)

Scummy...

State Democrats rush a vote as GOP Senator steps away to nurse her baby - Blog - MyNorthwest.com

Braineack

iTrader: (62)

to be fair... she should be doing her job and not pkaying with her ****/tots.

cordycord

iTrader: (2)

Europe Does It Again: Cyprus Depositor Haircut "Bailout" Turns Into Saver "Panic", Frozen Assets, Bank Runs, Broken ATMs | Zero Hedge

Keep a little money in your mattress...

viperormiata

iTrader: (24)

CNN grieves that guilty verdict ruined ‘promising’ lives of Steubenville rapists | The Raw Story

Scrappy Jack

iTrader: (2)

What a mess Europe is. Because they seem intent on cutting off their nose to spite their face, this is going to just be a repeat of every other "bailout." The Troika will insist on some austerity measures which will depress GDP which will increase debt-to-GDP ratios and fiscal deficits will grow or stay the same rather than shrink.

That will cause the country to require another "bailout." What a disaster.

How in the world they justify a deposit-for-illiquid-equity swap with insured depositors, I don't understand. Anyone with deposits above the insured limit could reasonably have faced losses, like equity and debt holders.

While the UK continues to try its best to blend the worst of EMU and Japanese-style options, it's still looking a lot smarter than the rest of the Continent that joined the currency union.

Braineack

iTrader: (62)

so disgusting. i laughed at them when i saw the courtroom footage of them crying like bitches and apologizing. they deserve more than 4 years. juvenile BS is BS. But they'd probably get killed in a real prison.

Braineack

iTrader: (62)

shut up, and give me 10% of your bank account.

mgeoffriau

iTrader: (7)

Disgusting is right. Apparently after the verdict was read, one of the convicted "apologized" to the victim by saying that the photos should never have been taken, that no one deserves to have photos taken of them like that.

HEY DIPSHIT, YOU'RE NOT GOING TO JAIL FOR THE PHOTOS. THE CRIME WAS THE SEXUAL ABUSE, THE PHOTOS JUST PROVED THAT YOU DID IT.

Braineack

iTrader: (62)

the weirdest thing of all is that alcohol is illegal for people under 21.

Ryan_G

iTrader: (8)

I know I am still unclear how they could have possible circumvented this law...

mgeoffriau

iTrader: (7)

Eric Holder should look into this.

Braineack

iTrader: (62)

it's almost like, people will choose to break laws and that it doesn't prevent crime...

cordycord

iTrader: (2)

What are the odds that the GOP House will put forward a bill that would outlaw this in the U.S.? Dems....zero percent. GOP...maybe a little better. I've already read that there's been talk about "converting" IRA's to government-controlled entities that give guaranteed returns, but your heirs get nothing.

Something like this Cyprus mess shine a light on our own problems, and it seems the cockroaches in Washington are getting bolder and bolder with their money grabs.

Braineack

iTrader: (62)

It is a scary thought, but i don't think we need worry. Although I could see dems trying to do this to people who have over $25.0000[sic] in their bank account*.

Seriously though, if you look at the mess that is EU, why do people continue to give gov'ts more and more power, especially when it comes to ruining economies?






*I hope you guys got this joke, it's a play on the $25,867.73 number that Cyprus is using is using to legally steal money from, and the $250,000 number that we like to us in the US to define the uber-rich with.

Scrappy Jack

iTrader: (2)

I've heard this a few times, but never seen any legislation put forward or any credible sources. The reality is, for many people, they might very well be better off with a pension instead of an IRA or 401k.

That's what you are describing: converting a lump sum to a life-only annuity. Usually, government pensions give the option of taking a reduced monthly payment and allowing your spouse to receive that same reduced monthly payment should you predecease them.

In this case, it's actually the fact that their country is in a weird limbo. The individual members of the European Monetary Union(1) either need to give up more power(2) or they need to take back more power(3).




Footnotes:
(1) EMU, the guys that gave up their national currencies to switch to the euro
(2) move to a full fiscal union like the United States has
(3) leave the EMU and return to their own sovereign currencies

Ryan_G

iTrader: (8)

I do not see (2) ever being acheivable in Europe. They are not nearly cohesive enough socially for this to work. (3) This is what will happen eventually IMO. Either by choice or when the system they have finally implodes.

Braineack

iTrader: (62)

still it all seems like a scam...we'll give you a 18 billion "loan" if you can come up with $X.YZ.

What countries in the EMU aren't in some weird limbo, they all owe each other billions and billions and have no wealth of their own?


If I were in charge, one requirement to getting any of my potential dollars would be to outlaw gov't pensions and welfare and make it very difficult to be poor. they'd riot, like they always do for any reason, id be called the devil, no one would like me, but dems da *****, some's gotta be the "bad guy".

Scrappy Jack

iTrader: (2)

They have been progressively moving towards a fiscal union over the last ~5 years. An EMU wide bank regulator, EMU-wide deposit insurance, etc. I think it's far more likely than a break-up but I wouldn't rule out either option.

The social issues are very real, though. After all, the Germans probably benefited the most from the EMU while the Spanish and Italians suffered the most. Meanwhile, the Germans are being held up as the hard-working suckers paying welfare for the lazy and profligate Mediterraneans.

Right, it doesn't make any sense.

New York: "Hey, Arkansas. We see your poverty and unemployment rates are really high and you are running continual deficits. We will loan you some money on the conditions that (A) you reduce your deficit and (B) you have to enact several changes that will increase your deficit and unemployment."

Arkansas: "Sign us up!"


In the USA, there is a continual and mutually beneficial flow of funds from all of the states to the central treasury and then from the central treasury to all of the states. Some run surpluses and some run deficits, but not every country or state can run a surplus. Someone's deficit is someone else's surplus, by definition.

Braineack

iTrader: (62)

I'll give you some beneficial flow...

Scrappy Jack

iTrader: (2)

I would love to see that exchange in a debate.


Econ Geek: "I believe the European currency union must move to a full fiscal union, much like the United States of America."

Econ Nerd: "This is a pipe dream and unrealistic. Each nation must move back to currency sovereignty in order for their respective economies to find their natural equilibrium."

Econ Geek: "I must disagree. Should the EU move to a full fiscal union, and take full advantage of the beneficial flow of funds from each state, they would potentially become the world's largest economic producer."

Econ Nerd: "I'll give you some beneficial flow."