Comments on: Call your senator http://www.saysuncle.com/2008/09/22/call-you-senator/ Remember, I do this to entertain me... not you. Mon, 13 Feb 2012 09:05:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mikee http://www.saysuncle.com/2008/09/22/call-you-senator/comment-page-1/#comment-207512 Mikee Tue, 23 Sep 2008 14:00:17 +0000 http://www.saysuncle.com/?p=18453#comment-207512 The AIG bailout loan is at LIBOR + 8.5% sothe feds won't be losing any money on that $89 billion revolving credit line. The initial prices for bundled mortgages are in the 33 to 55 cents-on-th-dollar range, whole only 10% to 24 % of subprime loans are bad, and subprime is only about 10% of all bundled mortgages. At those failure rates and CDS purchase prices, the feds will make a killing on the mortgage bailouts also, since they can both afford to extend mortgage holders generous refinance terms to keep folks in their houses and avoid foreclosures, and afford to hold the "toxic paper for over a year until US housing sales pick up again and the CDS can be resold profitably. The feds aren't going to lose money on these deals (unless they find a way to let themselved get screwed royally in the purchasing of the bundled mortgages). Some folks, like Treasury Secretary Paulson (who headed Goldman Sachs back when it was doing really, really well), actually know how to do business. Some folks, like Sen. Feinstein from California, also know how to kill a bill to help make House Dems look better to their voters, without sacrificing a key Dem/Socialist principle. The AIG bailout loan is at LIBOR + 8.5% sothe feds won’t be losing any money on that $89 billion revolving credit line. The initial prices for bundled mortgages are in the 33 to 55 cents-on-th-dollar range, whole only 10% to 24 % of subprime loans are bad, and subprime is only about 10% of all bundled mortgages. At those failure rates and CDS purchase prices, the feds will make a killing on the mortgage bailouts also, since they can both afford to extend mortgage holders generous refinance terms to keep folks in their houses and avoid foreclosures, and afford to hold the “toxic paper for over a year until US housing sales pick up again and the CDS can be resold profitably. The feds aren’t going to lose money on these deals (unless they find a way to let themselved get screwed royally in the purchasing of the bundled mortgages).

Some folks, like Treasury Secretary Paulson (who headed Goldman Sachs back when it was doing really, really well), actually know how to do business.

Some folks, like Sen. Feinstein from California, also know how to kill a bill to help make House Dems look better to their voters, without sacrificing a key Dem/Socialist principle.

]]> By: Standard Mischief http://www.saysuncle.com/2008/09/22/call-you-senator/comment-page-1/#comment-207488 Standard Mischief Tue, 23 Sep 2008 01:23:51 +0000 http://www.saysuncle.com/?p=18453#comment-207488 Damn, both Mikee: <blockquote>The whole point of having the Democrat-sponsored bill pass in the House of Representatives was to allow the House Dems to appear to favor gun rights, without actually changing the law in DC. The Senate will not vote on this bill this term.</blockquote> and Uncle: <blockquote>heh. then they should do what they always do. tack wish lists on to the big bill.</blockquote> beat me to my own comments. This "gainfully employed" thingy really messes up my blog-reading. Seriously, if they are going to do a pass-the-bailout-without-even-reading-the-fucker because its-a-desperate-emergency, shafting your not-even-conceived-grandkids with trillions in debt, the least they could do would be to tack on this bill. It's not like it's gonna restore rights to anyone in the fifty states. Remember, the DC lobbyist's life that this bill might save may grease their palm in the future. Damn, both Mikee:

The whole point of having the Democrat-sponsored bill pass in the House of Representatives was to allow the House Dems to appear to favor gun rights, without actually changing the law in DC. The Senate will not vote on this bill this term.

and Uncle:

heh. then they should do what they always do. tack wish lists on to the big bill.

beat me to my own comments. This “gainfully employed” thingy really messes up my blog-reading.

Seriously, if they are going to do a pass-the-bailout-without-even-reading-the-fucker because its-a-desperate-emergency, shafting your not-even-conceived-grandkids with trillions in debt, the least they could do would be to tack on this bill. It’s not like it’s gonna restore rights to anyone in the fifty states.

Remember, the DC lobbyist’s life that this bill might save may grease their palm in the future.

]]> By: LLR http://www.saysuncle.com/2008/09/22/call-you-senator/comment-page-1/#comment-207447 LLR Mon, 22 Sep 2008 20:11:16 +0000 http://www.saysuncle.com/?p=18453#comment-207447 I emailed both of my senators. But there wasn?t really any need to because both of them had signed on to the Hutchinson?s letter. <b> heh. then they should do what they always do. tack wish lists on to the big bill.</b> GREAT point. Just stick to on an ?amendment? to the bailout bill to assure its passage?LOL I emailed both of my senators. But there wasn?t really any need to because both of them had signed on to the Hutchinson?s letter.

heh. then they should do what they always do. tack wish lists on to the big bill.
GREAT point. Just stick to on an ?amendment? to the bailout bill to assure its passage?LOL

]]> By: DirtCrashr http://www.saysuncle.com/2008/09/22/call-you-senator/comment-page-1/#comment-207423 DirtCrashr Mon, 22 Sep 2008 18:08:40 +0000 http://www.saysuncle.com/?p=18453#comment-207423 I'm from California - Frankenfeinstein already said she will filibuster. No call I make will ever reach her ears. California Senators and Congresspeople are from gerrymandered districts that are secure for the next 100 years and have no accountability to or with their constituents. The Party runs everything and the Party is funded by the Unions which the Party ensures has perpetually growing employment, big benefits, and dues that flow directly to the Party. I’m from California – Frankenfeinstein already said she will filibuster. No call I make will ever reach her ears. California Senators and Congresspeople are from gerrymandered districts that are secure for the next 100 years and have no accountability to or with their constituents. The Party runs everything and the Party is funded by the Unions which the Party ensures has perpetually growing employment, big benefits, and dues that flow directly to the Party.

]]> By: SayUncle http://www.saysuncle.com/2008/09/22/call-you-senator/comment-page-1/#comment-207421 SayUncle Mon, 22 Sep 2008 18:07:26 +0000 http://www.saysuncle.com/?p=18453#comment-207421 heh. then they should do what they always do. tack wish lists on to the big bill. heh. then they should do what they always do. tack wish lists on to the big bill.

]]> By: Manish http://www.saysuncle.com/2008/09/22/call-you-senator/comment-page-1/#comment-207419 Manish Mon, 22 Sep 2008 17:44:55 +0000 http://www.saysuncle.com/?p=18453#comment-207419 Isn't there some pressing matter before the Senate right now? Something about a $700 billion handout that if it isn't passed right now that the world will come to an end and the terrorists will have won. Isn’t there some pressing matter before the Senate right now? Something about a $700 billion handout that if it isn’t passed right now that the world will come to an end and the terrorists will have won.

]]> By: Mikee http://www.saysuncle.com/2008/09/22/call-you-senator/comment-page-1/#comment-207416 Mikee Mon, 22 Sep 2008 16:34:14 +0000 http://www.saysuncle.com/?p=18453#comment-207416 What is this word "vote" you keep using? The Senate will no more vote this term on this issue than Obama will come out in favor of using powdered unicorn horns as fuel in new nuclear power plants to be built in downtown Chigago. The whole point of having the Democrat-sponsored bill pass in the House of Representatives was to allow the House Dems to appear to favor gun rights, without actually changing the law in DC. The Senate will not vote on this bill this term. What is this word “vote” you keep using? The Senate will no more vote this term on this issue than Obama will come out in favor of using powdered unicorn horns as fuel in new nuclear power plants to be built in downtown Chigago.

The whole point of having the Democrat-sponsored bill pass in the House of Representatives was to allow the House Dems to appear to favor gun rights, without actually changing the law in DC. The Senate will not vote on this bill this term.

]]> By: mike w. http://www.saysuncle.com/2008/09/22/call-you-senator/comment-page-1/#comment-207414 mike w. Mon, 22 Sep 2008 16:00:03 +0000 http://www.saysuncle.com/?p=18453#comment-207414 I'm from Delaware. I highly doubt Joe Biden is "mentally qualified" to vote the right way on this bill. I’m from Delaware. I highly doubt Joe Biden is “mentally qualified” to vote the right way on this bill.

]]> By: Cemetery's Gun Blob http://www.saysuncle.com/2008/09/22/call-you-senator/comment-page-1/#comment-207412 Cemetery's Gun Blob Mon, 22 Sep 2008 15:34:52 +0000 http://www.saysuncle.com/?p=18453#comment-207412 New Jersey. Nuf. New Jersey.

Nuf.

]]> By: Bruce http://www.saysuncle.com/2008/09/22/call-you-senator/comment-page-1/#comment-207411 Bruce Mon, 22 Sep 2008 14:55:21 +0000 http://www.saysuncle.com/?p=18453#comment-207411 Surely, Barack Obama, being the self-professed champion of the people's Second Amendment rights that he is, will see to it that this matter is addressed in as fair and expedient a manner as possible. What? What's so funny? Why is everybody laughing? Surely, Barack Obama, being the self-professed champion of the people’s Second Amendment rights that he is, will see to it that this matter is addressed in as fair and expedient a manner as possible.

What?

What’s so funny?

Why is everybody laughing?

]]> By: Weer'd Beard http://www.saysuncle.com/2008/09/22/call-you-senator/comment-page-1/#comment-207410 Weer'd Beard Mon, 22 Sep 2008 14:47:44 +0000 http://www.saysuncle.com/?p=18453#comment-207410 I'm from Mass, but honestly its worth my time to make a phonecall I’m from Mass, but honestly its worth my time to make a phonecall

]]> By: thirdpower http://www.saysuncle.com/2008/09/22/call-you-senator/comment-page-1/#comment-207407 thirdpower Mon, 22 Sep 2008 14:17:24 +0000 http://www.saysuncle.com/?p=18453#comment-207407 I'm from Illinois. Enough said. I’m from Illinois. Enough said.

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