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Remember When?

Marla Singer's picture




 

The large gates of New York’s largest prison open and today’s group of newly released emerge.  They pass a guard who lifts up a copy of The USA Today to reveal the headlines and date that tells us it’s 2002. Amongst this group we find a man carrying a small duffel.

 

And we know this man.  He is Gordon Gekko. 

 

But he is not as slick as we remember... he doesn’t have that gleam in his eyes or that gel in his hair.  No, this is a very different version of the man we remember... because now there’s nothing behind those eyes... nothing we can read anyway.  

 

 

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Thu, 01/28/2010 - 16:21 | 209756 bugs_
bugs_'s picture

Oceans 14? 15? Geithner 1?

Thu, 01/28/2010 - 16:40 | 209798 Cursive
Cursive's picture

No, this is a very different version of the man we remember... because now there’s nothing behind those eyes

Prison rape will do that to you.

Thu, 01/28/2010 - 17:12 | 209901 Hephasteus
Hephasteus's picture

Well at least god had a plan of redemption. Do as I say or you will go to my magic nothing is going to get fixed place.

Thu, 01/28/2010 - 16:41 | 209803 Anonymous
Anonymous's picture

Greed is gone? Along with all the fortunes.

Thu, 01/28/2010 - 16:52 | 209826 ChickenTeriyakiBoy
ChickenTeriyakiBoy's picture

"one gold money clip, with no money in it"

 

oliver stone, supreme master of subtlety

Thu, 01/28/2010 - 16:52 | 209828 Anonymous
Anonymous's picture

We know this man. he is Timmay Geithner.

Oh well. I am still allowed to dream without being taxed right?

Thu, 01/28/2010 - 16:56 | 209842 Daedal
Daedal's picture

Marla, will you be scalping tickets to the premiere? I want dibs. Or you can just bring me as your date. Just don't wear blue.

Thu, 01/28/2010 - 17:00 | 209844 WaterWings
WaterWings's picture

In 2008 we had Obama Girl - she was the script.

http://www.youtube.com/watch?v=AIiMa2Fe-ZQ

If voting made any difference they wouldn't let us do it.

 

- Mark Twain

Thu, 01/28/2010 - 16:58 | 209853 barthezz
barthezz's picture

i have a feeling this is going to be my fav movie :)

Thu, 01/28/2010 - 17:03 | 209878 Anonymous
Anonymous's picture

i read a draft of the script. it was f$#%king terrible. let's hope someone who's spent three minutes in finance had a crack at it before they filmed it.

Fri, 01/29/2010 - 22:13 | 211646 Unscarred
Unscarred's picture

 

Here's what Gekko has REALLY been up to (and yes, the script for WSII is horrible):

Mr. Edelman, the former corporate raider who helped inspire the character of Gordon Gekko in the 1987 film "Wall Street," has taken up a new position: art financier...

 

...Mr. Edelman goes to great lengths to protect his art interests. He had gotten a federal court order to confiscate the Zurich gallery's inventory as potential compensation for a $750,000 Robert Ryman painting that the gallery, called Gmurzynska, had borrowed from him and, he says, accidentally damaged months earlier.

 

Within 48 hours, Mr. Edelman got his money and the gallery got back its art. Peter R. Stern, a lawyer for Gmurzynska, says that the gallery's insurer had been in the process of disputing the claim for the damage and the gallery didn't know that a court order had been issued for the work in the meantime. "Asher uses unusual tactics, but he gets it done," Barrett White, director of New York gallery Haunch of Venison, says of the incident.

Thu, 01/28/2010 - 17:07 | 209887 ChickenTeriyakiBoy
ChickenTeriyakiBoy's picture

the music is sweet, makes me want to go fuck shit up. like go buy oliver stone's catalog and smash it like the shit sandwich it is

Thu, 01/28/2010 - 17:15 | 209907 Cognitive Dissonance
Cognitive Dissonance's picture

Dude, do you have issues? :>)

Thu, 01/28/2010 - 17:14 | 209905 Ripped Chunk
Ripped Chunk's picture

So true to life it will scare the crap out of even the most jaded movie goers.

Thu, 01/28/2010 - 18:02 | 210003 Anonymous
Anonymous's picture

Gordon Geeko? Puhleeze. Try 21 instead. Great market movie though it might not seem so at first because it's a different market. Same rules though. I especially liked the birthday cake with the Fibonacci sequence on it.

Thu, 01/28/2010 - 18:16 | 210034 Unscarred
Unscarred's picture
Even worse than this.
Thu, 01/28/2010 - 20:10 | 210231 Careless Whisper
Careless Whisper's picture

That was hilarious. I feel so dirty.

Thu, 01/28/2010 - 19:01 | 210136 nopat
nopat's picture

Any more awesome and it would have Chuck Norris round-house kicking Vin Deisel so hard he turns straight. Pure. Fucking. Win.

Thu, 01/28/2010 - 19:25 | 210169 Anonymous
Anonymous's picture

nopat wins.

Thu, 01/28/2010 - 19:58 | 210216 PenGun
PenGun's picture

 Vin is very real and straight. He bounced an LA gay bar for years and every queen around tried to do him. To no avail.

 

 Few more genuine than Vin Deisel. He'd kill Chuck.

Thu, 01/28/2010 - 20:08 | 210229 nopat
nopat's picture

Drive a truck your whole life and everyone calls you Tim. Suck one dick and they all call you a fag. Although his performance in xXx more than cemented his hero status in my book. He is truly a man who refuses to be typecast, brah.

Thu, 01/28/2010 - 20:13 | 210234 Careless Whisper
Careless Whisper's picture

Puleeze. Vin Diesel is about as straight as Keanu Reeves.

Thu, 01/28/2010 - 21:10 | 210301 Unscarred
Unscarred's picture

...more than cemented his hero status in my book.  He is truly a man who refuses to be typecast, brah.

[Using my best Keanu Reeves voice]

Totally agree with you post, brau.  Cause, it's like, everything he does is totally original.  For sure.  And, no way he gets down on his luck and typecasts himself, man.

Real American-action-star-hero-guy.  Totally.

Thu, 01/28/2010 - 19:22 | 210163 Careless Whisper
Careless Whisper's picture

That's why they call it a convict buy list.

Thu, 01/28/2010 - 19:29 | 210178 fuu
fuu's picture

Fast torrents already available. Nice.

Thu, 01/28/2010 - 20:03 | 210222 Dr Manhattan
Dr Manhattan's picture

If you want to break free from the Private Banking Scam, just follow the lead from a candidate from Florida...the real solution, just apply to ech state and to the Federal Goverment. Time to break the shackles of the private banking system...

 

The era of the commercial banking system is over because of:

  1. Their exploitive and speculative activities having reached intolerable limits.
  2.  The fact that they allowed the destruction of the peoples creditworthiness; consequently they can no longer create jobs or lend money under present circumstances.
  3.  The irresponsible behavior of the CEOs, such as paying themselves huge bonuses and their dubious business practices.

 In contrast, the Khavari Economic Plan, proposes a state run bank that will:

  1. Lack the shortcomings of the commercial banking system by employing transparent oversight by the public.
  2. Become the engine to drive an economic miracle in the State of Florida, bringing general prosperity and economic security for all Floridians.
  3. Create jobs in giant numbers that are simply impossible under the present commercial banking system.
  4. Cut costs in half or more by providing low interest financing to Floridian homeowners and businesses.
  5. Use profits to benefit students seeking higher educations.
  6. Secure attractive salaries for teachers and educators.
  7. Take care of veterans and elderly by making health care affordable.
  8. Reduce property taxes, eventually eliminating them altogether.

We will put the power of modern banking to work for the people of Florida, not for Wall Street.

Over the years, interest has been the biggest cost most families have had. Interest paid to the bank means less money for your family. Reducing interest costs can save a family hundreds of thousands of dollars.

Scenario 1 Let’s take a $100,000 mortgage, for example. With a 30-year fixed rate 5.5% mortgage, your monthly payment is $567.79 and you will pay $104,404.40 in interest on that loan.

Scenario 2 With a 2% fixed rate 15-year mortgage, your payment would be $643.51, the total interest would be only $15,831.80 – and the mortgage would be paid 15 years sooner! You would save 88,572.60 in interest. After you’ve paid off your mortgage, if you continue to make monthly payments of $643.51 to a BSF savings account earning 5% interest, at the end of 15 years you will have more than $160,000 after taxes in your account—just by having your mortgage from the Bank of the State of Florida.

In scenario 1, after 30 years of payments, you would own your house. Given scenario 2, after 30 years of payments, you would not only own your house, but also have more than $160,000 in savings.

How could the BSF do this? It’s called “fractional reserve banking,” the same principle all banks use to operate. If you have $100 in reserves, you can loan out $900 or more. That means you collect interest on $900 but you pay interest on only $100 at most. If the bank pays you 2% for your CD and lends it at 5% on 9 times as much money, you can see this is a really good deal – for the bank.

Now our Bank of the State of Florida does not need to be greedy. It is not going to get involved in shenanigans like bundling and selling mortgages, taking out weird insurance policies and general practices that have caused the mess we are in today. When we make a mortgage, that asset remains right on our books and the paperwork is right there on file. We are going to pay good dividends and the highest rates in the market for long term deposits. We are going to loan out 9 times our reserves. And we are going to make billions of dollars for the State Treasury while we save Floridians a trillion dollars—and that trillion dollars becomes many trillions in Florida’s economy.

Let’s say we pay 5% for our $100 and loan out our $900 at 2%. We pay out $5 in interest, and we take in $18 in interest. Can we make money at that? You bet we can.

We could make the $3.6 billion we are short this year on just a couple of million 2% mortgages. We can do even better on 3 – 4% commercial financing and vehicle loans.

And all the money the bank earns goes directly into the State Treasury, to work for Floridians, not to Wall Street.

Where do we get the reserves? The State of Florida has billions invested with Wall Street. 5 or 6% guaranteed looks pretty good these days compared to a 50% decline in the stock market. Look at what long-term bonds are paying, look at CD’s—we will have no problem attracting all the long-term deposits we need to get started, simply by paying good rates.

Now look what happens. With a 2% fixed rate 15-year loan, the buyer has paid off over 11% of the principal within 2 years. That means we have more than enough reserves to make a new mortgage for someone else, without having to pay interest for the reserves! (In comparison, a 5.5% 30-year loan takes 7 years to pay 11% of the principal).

Now some people might think that low interest rates will just raise the price of homes. That would be true if the 2% loan was for 30 years. But the payment on the 2% loan for 15 years is a little bit higher than the payment for 5.5% 30 years, so this tends to hold prices down. It also tends to eliminate speculation that messes up the market every time. As long as prices are stable, we can offer mortgages with low down payments, so homeownership can be as easy as paying rent.

What the Bank of the State of Florida does is transfer hundreds of billions of dollars away from Wall Street directly into the pockets of Floridians by reducing interest costs… and it puts hundreds of billions into the State Treasury, too. We will have stable, fair prices for homes and take 15 years of slavery out of the process of owning a home.

Consumer financing is another area where Wall Street and the big banks are costing us way too much. Banks charge huge interest on credit cards, for example, where the cost of money to the bank is really zero. If a family has $10,000 in credit card debt at 25% interest, that’s over $200 per month in interest alone. At 6%, the monthly interest is only $50. This family could reduce monthly payments by $50 and pay off the debt years sooner. The State earns billions of dollars per year while saving Floridians billions and billions more.

The Bank of the State of Florida will earn billions of dollars per year for the taxpayers of Florida, not Wall Street fat cats. At the same time it will reduce interest costs and save Florida families hundreds of thousands of dollars per family. Who needs that money more? You or Citibank?

The Bank of the State of Florida can handle checking accounts and ATM’s too. The other banks will have to become competitive, and there is no reason why they cannot.

Couldn’t the federal government do the same thing? Actually, the federal government could do even better and they could do it immediately at huge benefit to the U.S. Treasury. Do you think we should wait around for them to do it? We can have this program in effect in Florida within a year, at no cost to the State

Thu, 01/28/2010 - 20:38 | 210258 aus_punter
aus_punter's picture

Dear Dr Manhattan ,

 

Take your fucking message elsewhere , this is a thread about a semi-serious movie sequel you tool

Thu, 01/28/2010 - 22:05 | 210358 Crisismode
Crisismode's picture

Why the hell do we have to listen to somebody with something serious to say, when we all know we are here to hear nothing but UNSERIOUS BULLSHIT?!?!

 

Will this guy never get it right?!?!?

Fri, 01/29/2010 - 05:27 | 210619 Anonymous
Anonymous's picture

Who the fuck is going to lend money to Florida at 2%? Greece maybe.

Smokin crack bro.

Fri, 01/29/2010 - 05:39 | 210623 GS is short Gold
GS is short Gold's picture

The movie character or the gold bug from this blog?

Fri, 01/29/2010 - 09:27 | 210709 mouser98
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