Herman Cain: Wake up people! Purchasing of Bank Stocks Is a Win-Win for Taxpayers

I keep reading these old articles written by Herman Cain and they are soooooo funny, because he's sooooooo stoopid.

Here's a funny one from October 20, 2008:

Far from Nationalization, Purchase of Bank Stocks Is a Win-Win for Taxpayers

Wake up people! Owning a part of the major banks in America is not a bad thing. We could make a profit while solving a problem.

The free market purists' objection to this is that it smacks at government control of the banking industry, which is called nationalization. They are correct. It smacks, but it is not nationalization because that would require the government to own at least 51 percent of the entity for an indefinite period of time.

The ownership by the taxpayers is going to be relatively small and nowhere near the amount needed to be called nationalization. So what’s the problem?

Unprecedented problems require unprecedented solutions. The actions by the Treasury are a win-win for the taxpayer. But the mainstream media does not get brownie points for reporting win-win solutions for the taxpayers. Their focus is doom and gloom.

These actions by the Treasury, the Federal Reserve Bank and the actions by the Federal Depositors Insurance Corporation (FDIC) are all intended to help solve an unprecedented financial crisis. Unlike steps taken prior to and during the Great Depression, these actions have a high probability of success.

Lololololol.

How is that profiting making recovery working out for you? ``Win-win``, ``high probability of success`` was he smoking crack?

Of course he would say that ....he works for the Banksters !!

And even moreso as to why he's running for POTUS.

I dunno I feel kinda bad for the people that invested stocks in the REALLY too big to fail bank ONLY to loose EVERYTHING to those failing banks. So to attempt to buy into stock only for it to get really big again isnt fair its just going to possibly fail again.

reply to post by Rockdisjoint


Not sure if he is smoking anything. But I do know he is a billionaire, and he knows how money works, and how a business is run. Which is more than what we can say about our current president.

reply to post by Rockdisjoint


I remember back in the days, let say in the 80s when they came out with the insurance that will work like an investment, you pay for and the insurance will build money, my husband and I took one of them, their major investments where the banking system, I remember the representative tell us (over a free dinner) that big money was in the banking system, we cashed out the policy in the 90s, make some profits, but when the financial crisis hit in 2008, I imagine that many people lost a lot of their money on those policies aka investments, because my husband and I did and we just had the regular portfolio for retirement.

reply to post by Rockdisjoint


This was written prior to the election and there were those who still had hope that the economy would right itself at the time. Similiar to now.

But this White House has doubled down on Stoooopid.

Where does that leave us?

I'll take a educated self made man over a Community organizer who has done nothing but bring misery, any day of the week.

Cain has saved businesses in the past. I hope he can do it on this level.

This Prez is like a pox on business. A good percentage of businesses that he has visited have failed within two years. Or continue to be propped up at taxpayer expense.

Please Mr. President, stop visiting my city! We can't take much more.

I'll rolls my dice, and takes my chances.

Herman Cain is a hardcore interventionist, that says he has no problem with nationalizing certain industries and republicans still make excuses for him?

What are the economic differences between Obama and Cain?

he's also happily associated with the FED. can I invest in that.............seriously im thinking maybe if the american people traded all there stocks to the FED right now would that get TOO BIG to FAIL then we could possibly restore the trust we should have to the orignal bank of the us. the darn treasury.

reply to post by kellynap43


A billionaire has very little grasp on the day to day realities of the majority of Americans who lack the freedom that being a billionaire grants. Herman Cain is not having to work two jobs to pay rent and feed his kids. he can sit at home and watch porn, and be making a hundred thousand dollars an hour doing so.

Second, the only thing he's guaranteed to know about money is that it can pay for said porn. See, rich people hire people to handle their finances. Sort of like how one of us might hire someone to fix their roof.

Third, business operates by cutting every single corner possible, shorting its employees at every place, and abusing the local community in an effort to make a fast profit, with the assumption that the business will fail, so you might as well squeeze all you can out of it. The United States is not a business. The government should not have a profit motive. Citizens are not to be viewed as expendable, interchangeable potential customers / potential labor. In short, we do not need to be run like a business, and anyone who believe we should be is either a sociopath or is utterly, stupidly ignorant of how business works.

reply to post by TheWalkingFox


I guess our current family in the white house wouldnt know a lot about day to day lives of average americans either would they? Or their finances?


"Obama's million Dollar Hawaiian Vacation: "
www.hawaiireporter.com...

"How Much Did Obama's Family Vacation Cost Taxpayers?"
www.theblaze.com...


Ouch. You stepped into that one.


One more thing. Is it me or do you focus a lot on porn?

Originally posted by TheWalkingFox
reply to post by kellynap43

 

A billionaire has very little grasp on the day to day realities of the majority of Americans who lack the freedom that being a billionaire grants. Herman Cain is not having to work two jobs to pay rent and feed his kids. he can sit at home and watch porn, and be making a hundred thousand dollars an hour doing so.

Second, the only thing he's guaranteed to know about money is that it can pay for said porn. See, rich people hire people to handle their finances. Sort of like how one of us might hire someone to fix their roof.

Third, business operates by cutting every single corner possible, shorting its employees at every place, and abusing the local community in an effort to make a fast profit, with the assumption that the business will fail, so you might as well squeeze all you can out of it. The United States is not a business. The government should not have a profit motive. Citizens are not to be viewed as expendable, interchangeable potential customers / potential labor. In short, we do not need to be run like a business, and anyone who believe we should be is either a sociopath or is utterly, stupidly ignorant of how business works.

His father worked THREE jobs simultaneously when Herman was a child. The fact that Herman does not now have to work 2 jobs speaks to how hard he has worked, and how smart he is. The man is completely self-made...he did not inherit squat.

He completely understands the day-to-day struggles of the working poor. He was RAISED working poor.

I also don't believe he is a billionare.

reply to post by GeorgiaGirl


You are right. I just googled it real quick. But networth estimated between 2.2 and 6.0 million. Not billion. Thank you for the correction.

Originally posted by Rockdisjoint
I keep reading these old articles written by Herman Cain and they are soooooo funny, because he's sooooooo stoopid(sic).

This was the furthest I got into your thread, when I saw that you
incorrectly spelled stupid.
Which brings to mind a quote from Forest Gump,
"Stupid is, is what stupid dose."

reply to post by GeorgiaGirl


Sounds like you have bought into the MSM propaganda machine. Do you honestly believe that anyone with the insiders backing him and him being in charge of the largest Federal Reserve in the US (Kansaas City) got there by hard work alone? He is a NWO crony and believes in Globalism all the way.

Obama tried to invoke Reagan, suggesting that Reagan's views meshed with his on taxes.

Listening to a clip played on the Levin show of Reagan's real opinions showed Obama to be less than truthful.

oh dear, id rather complain about thbis then fight about other things im still sticken with mr. paul and my favorite book is still written my dr.suess


i do not like them here, i dont not like them there
i do not like them sam i am.

reply to post by Rockdisjoint


Where was the link for that statement?

reply to post by ThirdEyeofHorus

Sorry about that, I thought I included it in my OP......... 004eeb5.netsolhost.com...

Originally posted by redrose123
reply to post by GeorgiaGirl

 

Sounds like you have bought into the MSM propaganda machine. Do you honestly believe that anyone with the insiders backing him and him being in charge of the largest Federal Reserve in the US (Kansaas City) got there by hard work alone? He is a NWO crony and believes in Globalism all the way.

Oh good grief. I've liked Herman Cain since BEFORE any of you ever heard of him. Since BEFORE the MSM had even heard of him. I'm from GA, and he's been on the Atlanta radio station for years. I have always liked him and what he had to say.

I'm currently reading "This is Herman Cain", his autobiography. Perhaps you should read it and then tell me what you think about him.

Sounds like YOU have bought into the MSM propaganda machine (or maybe the Ron Paul machine.) By the way, I like Ron Paul. That being said, Herman Cain is NOT the evil Fed Reserve guy you think he is. His time there isn't as big of an issue as you are making it out to be. It makes me giggle to keep hearing people say what an insider he is. Yes, and so is my cat.

I actually know people who know Herman Cain. He is not a NWO insider. I don't know how else to put it.

Look, you "AHHHH! FED RESERVE!!! HE MUST THEREFORE BE THE EVIL SATAN!!!" people are apparently not going to change your minds. Believe whatever you want. But I will always defend Herman Cain, because somehow you have gotten the wrong idea about him.

Just out of curiosity, other than Ron Paul, WHO do you see being a better choice for president? I'd seriously like to know.

Also, answer this: WHAT insiders are backing him???? I still hear everyone dismissing his candidacy.

reply to post by TheWalkingFox


You really haven't done much research into Cain have you?

But oh...he's a evil repub...so...he must be, um..uh, evil?


I find it amusing when people compare their lives to others. And then spout how bad they have it or how bad the other guy is. Makes no sense to me.