JCBA Negotiations and updates for AA Fleet

[WeAAsles]

You are a twu guy who wants our health care to be taken so you get a pay raise. I understand you trying to steal our healthcare but im iam and im not goin to ever cough it up like you want or how sito has done.

Come to me. I will suck out your LUS Healthcare blood.

I am Count Dracula.

 

[La Li Lu Le Lo]

You have to do better than that Jester.

The entire planet knows the Great Recession was due to the failed policies and the deregulation of the banking sector under the Bush Administration.

No.

Bill Clinton asked regulators to make changes to the Community Reinvestment Act which pressured banks into giving bad loans to high risk borrowers.

Bill Clinton then signed the Gramm–Leach–Bliley Act on on November 12th 1999 which was introduced by Phil Gramm (a man who started his career as a Democrat then switched to the Republican Party) who became a member of the Senate Banking Committee on January 3, 1999 and was placed as the Chair of the Senate Banking Committee on January 20, 2001 (the day Bush took office) for a whole 6 months (feel free to connect the dots, this is what we call a land mine).

If your going to post information at least know what the hell your talking about.

 

[gulfcoast1]

You have to do better than that Jester.

The entire planet knows the Great Recession was due to the failed policies and the deregulation of the banking sector under the Bush Administration.

"The financial crisis that began 13 months ago (August, 2007) has entered a new, far more serious phase."

"Lingering hopes that the damage could be contained to a handful of financial institutions that made bad bets on mortgages have evaporated. New fault lines are emerging beyond the original problem -- troubled subprime mortgages -- in areas like credit-default swaps, the credit insurance contracts sold by American International Group Inc. and others."

"Fed and Treasury officials have identified the disease. It's called deleveraging, or the unwinding of debt. During the credit boom, financial institutions and American households took on too much debt. Between 2002 and 2006, household borrowing grew at an average annual rate of 11%, far outpacing overall economic growth. Borrowing by financial institutions grew by a 10% annualized rate. Now many of those borrowers can't pay back the loans, a problem that is exacerbated by the collapse in housing prices. They need to reduce their dependence on borrowed money, a painful and drawn-out process that can choke off credit and economic growth." ---Wall Street Journal, Sept. 18, 2008; "Worst Crisis Since '30's, With No End in Sight"

NYer, Thank you for correcting attempted revisions to history. The recession, or downturn of 2007-2009 started well before Obama was elected. It could be reasonable to argue he could have done better or worse on his part of helping the economy to recover, but to blame him for causing it is just false. I personally think he did a good job on his part as evidenced by the economic growth during his term, which you have also pointed out. He was also truly pro-labor unlike the current administration. I hope the pro-labor members of congress can mitigate the damage until the next election.

 

[WeAAsles]

Tim you’re still censoring people I see. Sad, just plain sad.

 

[737823]

You are a twu guy who wants our health care to be taken so you get a pay raise. I understand you trying to steal our healthcare but im iam and im not goin to ever cough it up like you want or how sito has done.

Weez=IGM

But he sometimes says he cares about small stations but only MEM which is contacted out and unlikely to reopen.

Josh

 

[La Li Lu Le Lo]

NYer, Thank you for correcting attempted revisions to history. The recession, or downturn of 2007-2009 started well before Obama was elected. It could be reasonable to argue he could have done better or worse on his part of helping the economy to recover, but to blame him for causing it is just false. I personally think he did a good job on his part as evidenced by the economic growth during his term, which you have also pointed out. He was also truly pro-labor unlike the current administration. I hope the pro-labor members of congress can mitigate the damage until the next election.

You are right it was not Obama.

It was Bill Clinton.

If anybody is trying to revise history it is you two.

 

[NYer]

No.

Bill Clinton asked regulators to make changes to the Community Reinvestment Act which pressured banks into giving bad loans to high risk borrowers.

Bill Clinton signed the Gramm–Leach–Bliley Act on on November 12th 1999 which was introduced by Phil Gramm (a man who started his career as a Democrat then switched to the Republican Party) who became a member of the Senate Banking Committee on January 3, 1999 and was placed as the Chair of the Senate Banking Committee on January 20, 2001 (the day Bush took office) for a whole 6 months (feel free to connect the dots, this is what we call a land mine).

If your going to post information at least know what the hell your talking about.

OK. I'm game.

The Gramm-Leach-Biley Act was passed by a majority Republican Congress and signed into law by Bill Clinton in 1999. Senator Phil Gramm had been trying to pass this and many other laws that deregulated the banking sectors which lead to the 2008 Great Recession.

What the GLBA did was repeal Glass-Steagle which was put in place in because of the Great Depression and kept the banking sector and the insurance sector as separate entities. It was passed and signed into law in 1999, which also included an update to the Community Reinvestment Act (CRA). The CRA was amended to cut out the redlining that was taking place in predominately African American neighborhoods that had banks in those communities take money in fees but did not give out loans in that same neighborhood. The CRA ensured a certain amount of loans, for qualified borrowers, must be made within the community the bank serves.

OK. The repeal Glass-Steagle allowed Citicorp and Travelers Group to merge creating Citigroup, which until then was illegal. It also allowed the intermingling of banks, investment banks and insurance companies to merge. Moving ahead to December 2000, Senator Gramm was again able to slip in deregulation legislation, this one was called Commodity Futures Modernization Act which made credit default swaps to be unregulated.

Those changes allowed banks to sell debt, bundle that debt and sell it as an investment (credit default swap) and thereby spreading their exposure. That ability to create such a vehicle is what allowed the sub-prime mortgage meltdown to occur and for the economy to tank.

By the way, another industry that received the ability to go unregulated was the energy sector and quickly after that Enron collapsed.

Wait, there's more. There is one person that was tied and contributed the Dot Com. crash, the Savings & Loan crisis as well as the 2008 Mortgage Meltdown. Any guesses?

 

[Tim Nelson]

Tim you’re still censoring people I see. Sad, just plain sad.

View attachment 12417

There are those that troll and dont engage in conversation even if they do finally admit that martinez stole pension money. But trolling and dropping F bombs wont have them on the page long.

I even told him to take all the screenshots he wants and to stir up information. The more members that get brought into this vote...the better. Hopefully the grand lodge even expands their campaign. Im ok with that cuz many dont know about this election.

 

[WeAAsles]

There are those that troll and dont engage in conversation even if they do finally admit that martinez stole pension money. But trolling and dropping F bombs wont have them on the page long.

I even told him to take all the screenshots he wants and to stir up information. The more members that get brought into this vote...the better. Hopefully the grand lodge even expands their campaign. Im ok with that cuz many dont know about this election.

Who’s Donald Boynker? Are you running with this man? Can you share his credentials please Timo?

 

[cltrat]

No difference Martinez to Adkinson thief’s and thief’s
I wouldn’t vote anything adkinson is near for dog catcher

 

[WeAAsles]

No difference Martinez to Adkinson thief’s and thief’s
I wouldn’t vote anything adkinson is near for dog catcher

I’d vote for Tim for Dog catcher. He’d never catch any and the Dogs get to live.

 

[La Li Lu Le Lo]

Wait, there's more. There is one person that was tied and contributed the Dot Com. crash, the Savings & Loan crisis as well as the 2008 Mortgage Meltdown. Any guesses?

I honestly don't know.

I guess John McCain.

-------------------------------------------------------

I don't need you to tell me what a credit default swap is.

What you said.

Oh my dear Lord. The stock market crash of 2008 was due to the fraudulent mortgage market and the deregulation on the banking sector that lead to risky debt being sold as is on as Triple AAA investments. The same deregulation the lead to that crash and the two others before that are being tried yet again.

My response posted on Thursday at 10:18 PM #16781 on this thread.

You are wasting your breath. I don't think 95% of these people even know what a credit default swap is.

I am the one who brought it up remember?

 

[737823]

Who’s Donald Boynker? Are you running with this man? Can you share his credentials please Timo?

Tim has had successes in union elections and been vigilant in protecting members rights with the DOL under LMRDA.

How was your MIA local election Weez?

Josh

 

[cltrat]

Success? In an election? When?

 

[gulfcoast1]

OK. I'm game.

The Gramm-Leach-Biley Act was passed by a majority Republican Congress and signed into law by Bill Clinton in 1999. Senator Phil Gramm had been trying to pass this and many other laws that deregulated the banking sectors which lead to the 2008 Great Recession.

What the GLBA did was repeal Glass-Steagle which was put in place in because of the Great Depression and kept the banking sector and the insurance sector as separate entities. It was passed and signed into law in 1999, which also included an update to the Community Reinvestment Act (CRA). The CRA was amended to cut out the redlining that was taking place in predominately African American neighborhoods that had banks in those communities take money in fees but did not give out loans in that same neighborhood. The CRA ensured a certain amount of loans, for qualified borrowers, must be made within the community the bank serves.

OK. The repeal Glass-Steagle allowed Citicorp and Travelers Group to merge creating Citigroup, which until then was illegal. It also allowed the intermingling of banks, investment banks and insurance companies to merge. Moving ahead to December 2000, Senator Gramm was again able to slip in deregulation legislation, this one was called Commodity Futures Modernization Act which made credit default swaps to be unregulated.

Those changes allowed banks to sell debt, bundle that debt and sell it as an investment (credit default swap) and thereby spreading their exposure. That ability to create such a vehicle is what allowed the sub-prime mortgage meltdown to occur and for the economy to tank.

By the way, another industry that received the ability to go unregulated was the energy sector and quickly after that Enron collapsed.

Wait, there's more. There is one person that was tied and contributed the Dot Com. crash, the Savings & Loan crisis as well as the 2008 Mortgage Meltdown. Any guesses?

Thank you again for the history lesson. To blame the downturns all on the president is neither correct nor logical.

I don't blame the problems from 2007-2009 all on Bush. Congress played a big part and they play an even bigger part in deficits.

And republicans are the party that campaigns for less regulation of business. As you mention those bills were initiated by a republican controlled Congress. I do think Clinton should have vetoed that bill, but to blame Clinton for it in its entirety is bogus.

Trump also used to be a democrat or at least was going to run as a democrat for president in the past. He is evidence that a politician's past political leanings often have little to do with the present. The only candidate who strongly lamented the demise of Glass-Steagall in 2016 was Sanders. To say that republicans are strong supporters of Glass-Steagall is incorrect.

Nobody on here will change their mind though. I do think there will be big changes in November.