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NNN0LHI (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 06:30 PM Original message |
Anyone hear Dylan Ratigan explain today why there will never be any "Jubilee" type debt forgiveness? |
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valerief (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 06:34 PM Response to Original message |
1. Well, it sure as hell isn't going to come out of the .01%er's petty fund, which we call call the WAR |
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zbdent (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 07:36 PM Response to Reply #1 |
10. don't you start into that class warfare again ... |
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valerief (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 07:48 PM Response to Reply #10 |
12. Ha! |
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bananas (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 06:47 PM Response to Original message |
2. No, that's wrong - unless he's only talking about government debt. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 07:08 PM Response to Reply #2 |
4. They sold the mortgages to the pension funds and other investors. |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 07:10 PM Response to Reply #4 |
5. That's what put-backs are for. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 08:44 PM Response to Reply #5 |
13. Wouldn't you have to find **something** wrong to do the putback? |
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muriel_volestrangler (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 07:12 PM Response to Reply #2 |
6. But they won't want to - it would have to be a law from the government |
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dkf (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 08:57 PM Response to Reply #6 |
14. Their obligation is to look out for their shareholders first. |
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bananas (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 06:57 PM Response to Original message |
3. "Money" doesn't really exist - there are only agreements and promises made in good faith. |
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whosinpower (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 07:12 PM Response to Original message |
7. Absolute bullshit |
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phasma ex machina (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 07:15 PM Response to Original message |
8. Jubilee's inevitable regardless of how the banksters and THEIR Fed feel about it. |
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banned from Kos (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 07:31 PM Response to Reply #8 |
9. Very little wealth in this country is owned by the banks. |
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phasma ex machina (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 07:40 PM Response to Reply #9 |
11. Banksters and THEIR Fed use a quadrillion of derivative leverage to own it all including |
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JVS (1000+ posts) Send PM | Profile | Ignore | Thu Oct-27-11 09:03 PM Response to Original message |
15. Um, no. His premise assumes that debt forgiveness would make creditors lose nothing. |
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DU AdBot (1000+ posts) | Thu May 02nd 2024, 09:34 AM Response to Original message |
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