That Dimon guy is such a hoot! And he has no problem lecturing people about their responsibility to manage their finances:
"I don't think just because someone's underwater they say I don't have to stay there. But they're supposed to pay the mortgage, and we should teach the American people, you're supposed to meet your obligations, not run from them. Because you have a mortgage doesn't mean you should run away as it goes down."
And the bastard does such an admirable job of managing the bailout he got from us:
Chase CEO Jamie Dimon, whose bank received $25 billion in bailout funds from the government, refused to tell CNBC anchor Melissa Francis how the bank is performing this quarter.
"Can you tell me how this quarter is doing for JPMorgan?" Francis asked.
Dimon's brief response: "I can't."
Posted by phidipides at February 19, 2009 09:49 AMWhen Stimulus bill was signed, the Republicans complained that it has no provision to help the families who are facing foreclosures. Now when Obama come up with a plan to help these homeowners, the Republicans are questioning why the homeowners who are paying their mortgages should foot the bill for those who cannot pay?
When these guys are going to understand that we all have to chip in if we want our country get out of this economic ditch. Foreclosure is one reason our economy is in the ditch. I cannot stand these phoney Republicans who claim that they are more patriatic then anybody else but when asked to do sacrifice for the country, they find all kinds of escuses.
Posted by suresh at February 19, 2009 10:01 AMgreat point, suresh, but it's even worse than you say---your observation demonstrates just how disgustingly cynical every one of these conserva-GOoPs are.
They aren't serious about ANYTHING, everything is simply a talking/attack point. They bring nothing to the table, and are serious about nothing. And they knwo the corporate press won't ever evaluate the inconsistent talking points. It's all a game, and their sole goal is to "win".
There was once a great Toles cartoon from the 90s that made a similar point as suresh does. It had a GOoP saying to a Dem: "If you really CARED about the poor, you'd look at the harm being caused them by welfare". The Dem thinks about it and exits the frame. In the next frame the Dem returns and says "Okay we eliminated welfare--now what's your plan to help the poor?" The GOoPer says "Who cares?"
That's their actual "concern" about foreclosed homeowners.
Posted by euzoius at February 19, 2009 10:36 AMWhen these guys are going to understand that we all have to chip in if we want our country get out of this economic ditch.
They aren't all just plain stupid. Many (most?) of them understand exactly what is going on.
Problem is, they either don't understand or don't give a rats ass about actual governance.
Everything is politics to them. Everything.
What they don't seem to understand is that pure politics will only get you so-far, and secure only about 20% of the electorate long-term.
Why people continue to expect people who hate government, to, well, govern is beyond me.
Posted by Simp at February 19, 2009 11:09 AMAnother example of the deeply unserious, cynical game-playing of these GOoPers are these brave cries of "I'll say NOOOO to stimulus waste!" by prattling GOoP-Guvs.
Yeah, right. Exactly NONE of these lying gameplaying juvenile blowhards will actually reject the unpatriotic Demonic Dem stimulus money, appropriated for the precise purpose of saving state budgets from meltdown.
I can only WISH that a single GOoP-Guv would actually carry through with his "patriotic" pledge.....even Red State pinhead voters aren't utter morons, unlike the GOoPs they stupidly elect.
And not a single corporate "news" station or talking head-lice "reporter" will say a word about the blathering putrid nonsense that these GOoPer Guvs sprayed all over their willing and enabling microphones and networks.
Posted by euzoius at February 19, 2009 11:12 AMYesterday Tweety and Keith pointed out some of the gopers who bragged to their homies what the stim will bring to them without mentioning that they voted against it!
"just how disgustingly cynical every one of these conserva-GOoPs are." ...oozo
...at this point every last one of them comes thru my TV in a Hannity Halloween mask.
Deacon:
I only hope that the GOP opposes him on this, so he can beat their brains out.
So, it's a partisan thing with you? How pathetic. I don't want to pay for other people's mortgages. I don't want Obama's New Socialism for my America. His policies are rooted in nothing but demagoguery, class warfare, and the reparations mentality. And you're looking to score points as a partisan?
Anyway, I thought property was theft with you people. Subsidizing ownership through overtaxation of the working class? That's a sure way to Leftist partisans getting corrected in 2010.
B. Clinton dropped his commie bullshit, too, when Gingrich grabbed his package in '94 and said, "Are you with us?"
And he was.
Posted by Toby Petzold at February 19, 2009 02:31 PMback to NAZI land for you TP...
Posted by headxray at February 19, 2009 02:38 PMI don't want to pay for other people's mortgages.
The disconnect is almost mind-boggling, but from Tobes.. not so much.
I don't want Obama's New Socialism for my America.
You really believe he poop-snacks being fed to you, don't ya?
His policies are rooted in nothing but demagoguery, class warfare
'bout time the pushback started against 30 years of GOP class warfare.
Posted by Simp at February 19, 2009 02:55 PMToby apparently doesn't understand that those working class BANKS are in favor of a national plan to limit foreclosures, in hopes of staunching their mortgage-backed securities meltdown ("toxic assets", remember?) Not the most effective "class warfare" tactic, I guess.
"New Socialism....commie bullshit"---God, what a shit-eater. No slogan too stupid!
"overtaxation of the working class"---blatted out a week after a working class tax cut. Reality doesn't penetrate.
"My America"---yeah, we're the demagogues!
Eat your GOoPer Liva-snaps, Toby! Arf! Arf!
Posted by euzoius at February 19, 2009 03:13 PMI don't want to pay for other people's mortgages.
When a wealthy person can't pay for their 2nd or third home they can go into bankruptcy and you pay for them to keep it. Why is that better than keeping the homes in your neighborhood filled so your property value doesn't collapse?
I don't want Obama's New Socialism for my America.
I didn't want fascism in my country. I still got the Mad King, idiot son of George the lame and Bar the drunk.
His policies are rooted in nothing but demagoguery,.. WMDs ...class warfare... "You are my base" ...and the reparations mentality... wealthy entitled to pay lower taxes than any other group.
Anyway, I thought property was theft with you people.
Then you've become a bigger idiot than you were previously.
commie bullshit
We're just a bunch of commie pinko fags? If you have to stretch this hard you had no rational argument in the first place.
Posted by phidipides at February 19, 2009 04:04 PMphid:
We're just a bunch of commie pinko fags?
I didn't say anything at all abt homosexuality. That's just you projecting. As it were.
Boy, it seems all that went right over Toby's little head.
Euzoius, what a great cartoon. It should be revived, as it is very timely.
Posted by Judith at February 19, 2009 05:32 PMYou don get it, putzboy.
I'm upside down in my mortgage like the majority of Americans. Now I can stop making monthly payments on it. The whole bush housing market was phony. Now the government will reset the value of my house and lower my payments. When hosuing prices go up again, I get to keep the profit.
I'm wondering why anyone will continue to make their current mortgage payment. Seems like Obama is giving us a way to pay less and stay in our homes.
Posted by Dennis at February 19, 2009 05:40 PMThere were 10,000 foreclosures today. Just like the 10,000 yesterday, and the 10,000 tomorrow.
I'm upside down in my mortgage like the majority of Americans.
Untrue. It was a problem for those who followed the republi-KKKon mantra of "Debt is not harmful, and is, in fact, good!" If you took the false equity out of your home you are likely not helped by the Obama plan.
You should do yourself a favor and actually read the plan...better yet! Say the plan is all about housing for the Marsh Mouse! That worked out pretty good.
Posted by phidipides at February 19, 2009 06:12 PMDennis:
Now I can stop making monthly payments on it.
That's some top-shelf troll-baiting there. Good stuff.
Posted by Toby Petzold at February 19, 2009 07:08 PMWe will never see any of the pork filled "stimulus package".....
Posted by Orlando at February 19, 2009 07:39 PMGreenspan has recently suggested that nationalization of the banks may be inevitable. The economy has not yet begun to crash and there will undoubtedly be more gut checks before we go splat. The toxic waste in the secret closets of the banks is probably several times larger than the nation's annual GDP.
We are in a world of trouble now.
It’s not that nationalization (or "pre-privatization", as marketing savvy supporters are already calling it) would be a day at the beach. Once the feds starts seizing some banks, even insolvent ones, it’s quite possible private capital will start to flee from all of them, ultimately forcing the Obama Administration to socialize the "commanding heights" of the entire US – and thus the global – financial system. While that thought certainly gives a tingle to my inner communist revolutionary, the running dog lackey part of me wonders whether completely freaking out the global bourgeoisie is such a good idea – at a time when global capitalism already seems to be teetering on the edge of a nervous breakdown.
But it’s also entirely possible that an expectations trap will drive the Obama boys there whether they want to go or not. The more the markets discount the risk of nationalization, the weaker the banks get, and the weaker the banks get, the more likely nationalization becomes. We may be more than halfway there already.
Maybe that would be for the best: My inexpert guess is that full nationalization still would be less expensive and messy than creating the kind of Potemkin markets the Geither plan seems to envision – even if the unintended consequences may be more difficult to control.
At the very least, it would be a more honest solution. One of the things that creeps me out about the political system’s response to the crisis so far – the insolvency of the banking system in particular – are the increasingly desperate attempts to maintain a phony façade of free markets and private enterprise, in an economy now utterly dependent on the federal safety net. I totally expected that from Hank Paulson and the Cheney Administration, but is Obama’s financial team really pressed from exactly the same Wall Street mold?--billmonPosted by Copeland at February 19, 2009 08:07 PM
Yeah Dennis it sure looks that way. Better hurry up or the money will dry up.
Posted by peter at February 19, 2009 09:20 PMDennis and Peter haven't the slightest idea of how the plan works. Why do you hate America so fervently, patriotic pete?
The PBS NewsHour had a consumer law advocate and the president of the mortgage bankers ass'n on last night. Neither stated the slightest point of disagreement over the foreclosure plan. Both explicitly stated they supported it.
Another failed attempt at "class warfare". When will we ever get it right?!
The UK announced its foreclosure "scheme" today. It is granting an interest holiday of up to 2 years for borrowers who have expericenced an "economic shock" (job loss, etc). They are not basing their plan on being underwater to some degree.
Posted by euzoius at February 20, 2009 06:02 AMPants pissin pete and TP..it's your pathetic puke minds that have "dried up"..the puke party..the "gift" that keeps on giving..
Posted by headxray at February 20, 2009 07:14 AMNice to see my money going to the dumbasses that bought more house than they could afford. Guess that will teach me to live within my means...
Posted by at February 20, 2009 10:59 AM