The Carnival Triumph Disaster. A Preview Of Obama's Second Term?

[Truthmatters]

Ex-SEC Official Blames Agency for Blow-Up of Broker-Dealers - The New York Sun

why no comment?

 

[Truthmatters]

Proposed SEC Rule on Brokers Makes No Sense - TheStreet


Complaints against brokers reached an all-time high in 2000. Never slow to address problems in the industry, the Securities and Exchange Commission recently announced plans to adopt a long-dormant rule that would provide less regulation for brokers.




Earlier this month, Paul Roye, head of the SEC division that oversees investment advisers, announced that his staff would recommend that the agency adopt a rule exempting brokers from rules that apply to investment advisers -- regardless of whether they are providing investment advice.

explain this move?

 

[Truthmatters]

You cant not explain these things and retain the republican lies

 

[Truthmatters]

and in face of facts they cant refute the thread dies

 

[yidnar]

You see this is part of the reason the republicans are failing.

You keep making these redicules predictions and then the opposite comes true and you all look like you dont understand policy and its repercussions.

news flash !! republicans are not in control of 2/3 of the Washington. we are not the majority in DC,the failure is all on Obama.

 

[TheSeventhTiger]

The Carnival Disaster: Mirror Image Of The "Obama Caused DOW Crash of 2009", you ask any investor of the DOW, they will tell you that it was the fact that Obama was president and the stimulus was failing as the culprit of the Stock Market decline of 2009.

 

[Redfish]

The republican party is NOT about the American people.

they are the wealthy party

Bullshit, that comment applies to every one of your posts, its easy to understand why you have zero reputation points, you have zero credibility.

you are nothing but a talking point spouting tool of the dem/libs. you are a parrot and a slave to your master---the great chairman maobama.

 

[TheSeventhTiger]

if Republicans are only "The Wealthy White People" then why don't we have 60 Million Millionaires in the USA?

 

[Bfgrn]

if I knew that banks were forced to give loans to the poor/lower middle class in early 2007, I wouldn't of borrowed 12,000.00 at 0%. I had no idea what was going on behind the scenes. I could of easily paid it back much easier if we had a President Romney or McCain. At least I have been debt free for a while now. Never Again !!!

Right wing fairy tales.

Here is what we DO know:

1) The financial crisis was not caused by low and middle income families buying a home.

2) It was not caused by dead beat poor people.

3) Fannie and Freddie were not to cause.

4) The Community Investment Act was not the culprit either.

The crisis was caused by private lending, to mostly upper middle class and the wealthy. ONLY 6% of of all the higher-priced loans were extended by CRA-covered lenders to lower-income borrowers or neighborhoods in their CRA assessment areas. The majority of those foreclosed on were wealthy and upper middle class, plus a large segment of buyers who were wealthy home flippers looking for a fast buck. They strategically walked away from their mortgages, leaving people who bought homes to live in with lower values on their house and neighborhood.

AND, what really sucks for the right wing propaganda of lies, all the way back to the late '90's there was one very outspoken and vocal critic of predatory lending practices, they even held protests at companies like Wells Fargo and Lehman Brothers...ACORN


WSJ - Fed’s Kroszner: Don’t Blame CRA

WSJ - Fed’s Kroszner: Don’t Blame CRA - The Sequel

Reuters - UPDATE 2-Lending to poor didn't spur crisis

Don't Blame the Community Reinvestment Act

Business Insider - Here's Why Fannie And Freddie Are Not At Fault For The Housing Bubble

Center for Responsible Lending - CRA is not to Blame for the Mortgage Meltdown

Don't blame Fannie and Freddie

Private sector loans, not Fannie or Freddie, triggered crisis

ForeclosureS.com - ACORN - Progress in the Fight Against Predatory Lending

Acorn Led Financial Sector With Warnings on Lending

Biggest Defaulters on Mortgages Are the Rich

The Millionaire Foreclosure Club

Foreclosure double standard: Why the rich get away with defaulting

More Rich People Default On Mortgages

The rich bail faster on mortgages

Biggest Defaulters on Mortgages Are the Rich

Rich Borrowers More Likely to Default on Mortgage

Foreclosures & Walking Away: 60 Minutes Eyes an ‘Epidemic’

Speculation By Investors Largely Cause Of Foreclosure Crisis

How the Foreclosure Crisis Started: Investors, Speculators, Mortgage Fraud & Lax Lending Standards


"Eighty percent of Republicans are just Democrats that don't know what's going on"
Robert F. Kennedy Jr.

 

[Papageorgio]

the republican party owns this mess 100%

You really don't get it, do you?

 

[TheSeventhTiger]

I don't think any of these middle/upper middle class buying their first home had any idea what they were getting themselves into, especially if they only had a few thousand left in savings after the purchase. Did they take in consideration the cost of taxes/maintenance/security in case they lose their jobs? a lot didn't. and those were the ones who bought homes assuming they were always going to make 50,000-100K (more or less) a year. I would never want to own a home, although it is the American dream, at least if you want a home, have enough in the bank to cover yourself for at least six months/or a year god forbid the economy crashes. That's why condo's sell so fast in Florida. they know better not to get into a home.

 

[Truthmatters]

if I knew that banks were forced to give loans to the poor/lower middle class in early 2007, I wouldn't of borrowed 12,000.00 at 0%. I had no idea what was going on behind the scenes. I could of easily paid it back much easier if we had a President Romney or McCain. At least I have been debt free for a while now. Never Again !!!

Right wing fairy tales.

Here is what we DO know:

1) The financial crisis was not caused by low and middle income families buying a home.

2) It was not caused by dead beat poor people.

3) Fannie and Freddie were not to cause.

4) The Community Investment Act was not the culprit either.

The crisis was caused by private lending, to mostly upper middle class and the wealthy. ONLY 6% of of all the higher-priced loans were extended by CRA-covered lenders to lower-income borrowers or neighborhoods in their CRA assessment areas. The majority of those foreclosed on were wealthy and upper middle class, plus a large segment of buyers who were wealthy home flippers looking for a fast buck. They strategically walked away from their mortgages, leaving people who bought homes to live in with lower values on their house and neighborhood.

AND, what really sucks for the right wing propaganda of lies, all the way back to the late '90's there was one very outspoken and vocal critic of predatory lending practices, they even held protests at companies like Wells Fargo and Lehman Brothers...ACORN


WSJ - Fed’s Kroszner: Don’t Blame CRA

WSJ - Fed’s Kroszner: Don’t Blame CRA - The Sequel

Reuters - UPDATE 2-Lending to poor didn't spur crisis

Don't Blame the Community Reinvestment Act

Business Insider - Here's Why Fannie And Freddie Are Not At Fault For The Housing Bubble

Center for Responsible Lending - CRA is not to Blame for the Mortgage Meltdown

Don't blame Fannie and Freddie

Private sector loans, not Fannie or Freddie, triggered crisis

ForeclosureS.com - ACORN - Progress in the Fight Against Predatory Lending

Acorn Led Financial Sector With Warnings on Lending

Biggest Defaulters on Mortgages Are the Rich

The Millionaire Foreclosure Club

Foreclosure double standard: Why the rich get away with defaulting

More Rich People Default On Mortgages

The rich bail faster on mortgages

Biggest Defaulters on Mortgages Are the Rich

Rich Borrowers More Likely to Default on Mortgage

Foreclosures & Walking Away: 60 Minutes Eyes an ‘Epidemic’

Speculation By Investors Largely Cause Of Foreclosure Crisis

How the Foreclosure Crisis Started: Investors, Speculators, Mortgage Fraud & Lax Lending Standards


"Eighty percent of Republicans are just Democrats that don't know what's going on"
Robert F. Kennedy Jr.

great post my friend.


huge load of facts and I thank you for it.


too bad these facts will never permeate the brain cases of so many on this site.

 

[Sallow]

if Republicans are only "The Wealthy White People" then why don't we have 60 Million Millionaires in the USA?

Because that's not the way free market capitalism works.

 

[Sallow]

the republican party owns this mess 100%

You really don't get it, do you?

She gets it..it seems, a bit more than yourself.

 

[nodoginnafight]

So why isn't the main stream media comparing the Carnival debacle to our current and future economic future? Just look at the circumstances, Ship goes out to see, all seems to being going well, then suddenly there is an explosion/fire in the most important structure within the engine, Then All Stops!! Just like with the debt and deficit and unfunded liabilities. Any intelligent and concerned American is in fear of the day, "When The System Finally Implodes".

The liberals were completely ignoring the the long term affects of a trillion dollar debt, Now It's A Short Term Dilemma. Many "Older Libs" could care less about the debt/economy cause they already have millions, and will be dead by the time it affects the rest of the country. Just like when Daffy Duck said "Consequences Schmonqusences, SO LONG AS I'M RICH". Right, Prince Harry and Queen Pelosi ??

See this is why you are losing elections and losing ground.

You try to turn EVERYTHING into an off-the-wall attack on the president.

People don't like to align themselves with stupidity.

 

[NYcarbineer]

So the stranded cruise ship was something that was going nowhere and filled with ever-increasing amounts of human waste?

Sounds more than anything like a preview of SeventhTiger's future threads.

 

[waltky]

possum whistlin' Onna Good Ship Lolly Poop...

Coast Guard: Cause of cruise ship fire was a leak
Feb. 18,`13 — A leak in a fuel oil return line caused the engine-room fire that disabled a Carnival cruise ship at sea, leaving 4,200 people without power or working toilets for five days, a Coast Guard official said Monday.

Cmdr. Teresa Hatfield addressed the finding in a conference call with reporters and estimated that the investigation of the disabled ship, the Carnival Triumph, would take six months. Hatfield said the Bahamas —where the ship is registered, or flagged — is leading the investigation, with the Coast Guard and National Transportation Safety Board representing U.S. interests in the probe. The vessel was in international waters at the time of the incident. She said investigators have been with the ship since it arrived Thursday in Mobile. Since then, she said, interviews have been conducted with passengers and crew and forensic analysis has been performed on the ship. She said the crew responded appropriately to the fire. "They did a very good job," she said.

In an email after Monday's conference call, Coast Guard spokesman Carlos Diaz described the oil return line that leaked as stretching from the ship's No. 6 engine to the fuel tank. A Carnival Cruise Lines spokesman said in an email Monday that the company agrees with the Coast Guard's findings about the fire source. Andrew Coggins, a former Navy commander who was a chief engineer and is now a professor at Pace University in New York and an expert on the cruise industry, said the fire could potentially have been serious. "The problem is the oil's under pressure," he said. "What happens in the case of a fuel oil leak where you have a fire like that is it leaks in such a way that it sprays out in a mist. In the engine room you have many hot surfaces, so once the mist hits a hot surface it will flash into flame."

If the crew hadn't reacted quickly and the fire suppression system hadn't worked properly, he said, "the fire from the engine room would have eventually burned through to other parts of the ship." Engine room fires that can't be suppressed generally result in the loss of the entire ship, he said. The Triumph left Galveston, Texas, on Feb. 7 for a four-day trip to Mexico. The fire paralyzed the ship early Feb. 10, leaving it adrift in the Gulf of Mexico until tugboats towed it to Mobile. Passengers described harsh conditions on board: overflowing toilets, long lines for food, foul odors and tent cities for sleeping on deck. Hatfield said investigators from the Coast Guard and NTSB would stay with the ship until about the end of the week, then continue work at their respective offices. She said the investigation will look further at the cause of the fire and the crew's response, as well as why the ship was disabled for so long.

Last week, a team of six NTSB investigators were in Mobile trying to determine the cause of the fire. An NTSB spokesman said then that the agency could take information developed from the probe and use it to make recommendations for improving cruise ship safety. Passengers interviewed after the cruise complained about confusion in the immediate aftermath of the fire about whether to evacuate their rooms as well as poor communication about what was happening. Carnival CEO Gerry Cahill apologized to passengers late last week.

Coast Guard: Cause of cruise ship fire was a leak

 

[TheSeventhTiger]

the explosion/fire that put an end to the cruise was a mirror image of whats to become when Obama-Care Emplodes in 2014 making the economy even worse.

 

[candycorn]

332-206 bitch.

 

[TheSeventhTiger]

and what are all the residents of cally gonna do when so many doctors leave the state to move their practice elsewhere? (among other doctors in failing blue states).