Today's Modern Democrat on Cypress "good idea"
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Today's Modern Democrat on Cypress "good idea"

This is a discussion on Today's Modern Democrat on Cypress "good idea" within the Political News and Topics forums, part of the General Discussion category; Sorry I do not have a link, but I was listening to a local radio show claim that US Senator Barbara Boxer commented on the ...

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Thread: Today's Modern Democrat on Cypress "good idea"

  1. #1
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    Today's Modern Democrat on Cypress "good idea"

    Sorry I do not have a link, but I was listening to a local radio show claim that US Senator Barbara Boxer commented on the Cypress bank robery. Her comment though was taken out of context she said. Her comments were that "it was a good idea" but to clarify she said on those with deposits over $100k. Nothing like firing another shot at the upper class huh.

    In her comments she reportedly said people were being mislead by FOX and blogs about the event in Cypress. This, she said wasn't a government failure or govt problem it's a bank problem and the bankers are fixing it by taking their depositors money.

    So babs.....just who did the evil banisters give their money too creating this fiasco? IT'S CALLED GOVT. you see when a bank loans to a person, and the person defaults they take the persons assets, claim the loss and move in. When a govt shorts the bank - they are screwed.

  2. #2
    The Good Cop


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    You had better believe the Obama administration has already given this a lot of thought.
    During the primary season leading up to the 2008 elections, the Democratic National Committee floated an idea to take control of all 401k accounts in the country as a way to "save Social Security." Although that idea was withdrawn after causing much controversy, it has been leaked out several times since then.
    Watch for bank assets to be taxed as soon as they can figure out a way to keep everyone from making a run on the banks. Since we have what's called a fractional reserve, banks only keep about 10% of total deposits on hand. The rest of the money is just numbers on a computer print out. A bank run would cause major catastrophy.
    In Cyprus the banks were all closed before the announcement, and remain closed still.
    Last edited by rice paddy daddy; 03-19-2013 at 11:14 AM.
    Piratesailor and inceptor like this.
    "There is nothing so exhilarating as to be shot at without result." Winston Churchill
    "Leave the artillerymen alone, they are an obstinate lot." Napoleon
    Member: VFW, American Legion, Vietnam Veterans of America, Society of the 5th Infantry Division, Sons of the American Revolution.

  3. #3
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    You got that right ricepaddydaddy!

    This latest event coupled with this current administration has made me very nervous and its something I wouldnt put past them doing in a heart beat.
    inceptor likes this.

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  5. #4
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    One of the economist o'loser boy hired was grilled in her senate confirmation hearing about her proposal for a 10%
    retirement account tax once every ten years. Of course main stream media quickly dissed the presentation as
    just some research.

  6. #5
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    In a full on financial collapse, no ones retirement accounts will be safe. They will do to the 401k like they have done to the social security trust, rob it blind then leave a worthless IOU.
    "Erosion of our rights just takes a few good men doing nothing"
    Who is John Galt?

  7. #6
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    Quote Originally Posted by Ripon View Post
    In her comments she reportedly said people were being mislead by FOX and blogs about the event in Cypress. This, she said wasn't a government failure or govt problem it's a bank problem and the bankers are fixing it by taking their depositors money.

    So babs.....just who did the evil banisters give their money too creating this fiasco? IT'S CALLED GOVT. you see when a bank loans to a person, and the person defaults they take the persons assets, claim the loss and move in. When a govt shorts the bank - they are screwed.
    Barbara Boxer is an idiot.

    Cyprus NATIONALIZED one of the two largest banks -- the government actually runs the bank!

    How do these idiots ever get elected? She is an uninformed imbecile. Always has been.

  8. #7
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    How do these idiots ever get elected?
    They get re-elected by low information voters...most of which are probably under the heavy influence of medical marijuana and too stoned to have clue as to what the issues and positions of the canidates are.

  9. #8
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    They take from the 1-2% and buy the votes of 55% - that's how they get elected.

  10. #9
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    Not to fear monger and perhaps this deserves its own thread but looks like this may be catching on..

    National planning Cyprus-style solution for New Zealand | Scoop News

    Argentina Makes Grab for Pensions Amid Crisis - WSJ.com

 

 

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