Jesse Jackson Proposes Creation of a New Lender [Archive] - Glock Talk

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G17Jake
01-31-2013, 21:10
http://dealbook.nytimes.com/2013/01/30/jesse-jackson-proposes-creation-of-a-new-lender/?ref=creditcrisis


At a three-day conference in New York that began on Wednesday, Mr. Jackson discussed a proposal for increasing the availability of capital by using pension money to make loans in low-income communities.


Why did Jesse get invited to the conference?

He wants to redistribute pension money.

janice6
01-31-2013, 21:18
Sure. Give the pension money to people that will default and not pay it back. Good for the "community" not so much for the pension fund.

Guess it depends on which "community" you are in. This is far less risky than mortgages people cannot afford.

aircarver
01-31-2013, 21:20
When you screw lenders, they cease lending ... :upeyes:

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SPIN2010
01-31-2013, 21:26
Why did Jesse get invited to the conference?

He wants to redistribute pension money.

I wonder which group he has in mind to lend to? :dunno:

BTW, reverend means terrible and it is a great application for JJ.

kostnerave
01-31-2013, 21:35
I wonder which group he has in mind to lend to? :dunno:

BTW, reverend means terrible and it is a great application for JJ.

JJ is a real piece of work and people still buy his BS. Sure glad he does not speak for me.:rofl:

janice6
01-31-2013, 21:36
Guess who will have to pony up the funds to recover from this if it goes through.

Gunnut 45/454
01-31-2013, 21:48
Yep I agree any black that has a pension fund should donate! That would be all those Government union employee's! They need to give back to there community. There you go Jesse problem solved!:rofl:

G17Jake
02-01-2013, 05:36
http://dealbook.nytimes.com/2013/01/30/jesse-jackson-proposes-creation-of-a-new-lender/?ref=creditcrisis



Why did Jesse get invited to the conference?

He wants to redistribute pension money.



I didn't see that this is a Rainbow Push annual event.... that is JJ's own criminal organization, I believe.

aircarver
02-01-2013, 05:55
Guess who will have to pony up the funds to recover from this if it goes through.

Would that be 'the usual suspects' ? ... :frown:

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CranialCrusader
02-01-2013, 06:51
Sure. Give the pension money to people that will default and not pay it back. Good for the "community" not so much for the pension fund.


That is not how modern lending works (at least for housing and education). The lender will make the loan, but it gets sold to Fannie, Freddy, Sallie, or the Federal Reserve. All of the profit for the originating institution, and none of the risk.

If you look at it that way, it's a great idea.

CranialCrusader

jeanderson
02-01-2013, 07:11
I wonder which group he has in mind to lend to? :dunno:
I wonder whose pension fund he want to borrow from.

aircarver
02-01-2013, 07:12
I wonder whose pension fund he want to borrow from.

Anyone who still has money left ... :upeyes:

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HarlDane
02-01-2013, 10:29
Because loaning money to people who had no means to repay it has worked so well for us in the past. :brickwall:

Skyhook
02-01-2013, 12:00
Well, he and Obama share certain characteristics which make both experts on economic and other issues.


It's a fashion thing..

pugman
02-01-2013, 12:13
Didn't Jimmy Hoffa get whacked for something similiar to this?

janice6
02-01-2013, 12:21
Let's call the lending institution "PATSY".

We can work on what the acronym stands for later. I'm sure it has possibilities.

czsmithGT
02-01-2013, 12:23
Didn't Jimmy Hoffa get whacked for something similiar to this?

The difference between the mafia and Federal government is that one had a code of honor and made sure their operations ran smootly and the other was elected to office or appointed by those electees.

aircarver
02-01-2013, 13:18
Because loaning money to people who had no means to repay it has worked so well for us in the past. :brickwall:

.... But it worked great for them, and they are a bigger voting group now ... :upeyes:

.

W420Hunter
02-01-2013, 14:26
If I did not know who was saying it I would swear it was a joke.

plainsman
02-02-2013, 04:34
No Income No Job! Repayment is available when hell freezes over, or when recipient wins two successive lotteries. The first being spent on crack and ho's.

I guess this kind of loan makes alot of sense, meanwhile banks try to take credit away from successful firearms businesses!


You go Jessie!!!!!!

Skyhook
02-02-2013, 11:18
I wonder whose pension fund he want to borrow from.


Well, his own, of course.

:rofl:

Texas357
02-04-2013, 15:04
Investment of union retirement money is often associated with organized crime and kickbacks.