Apology not accepted

UP n grad on Wed, 15th Oct 2008 10:42 am 



People should be aware that in a daily process where cash changes hands, then there is a strong likelihood that a business is already in place. Translation —- there is a likelihood that some of alms-askers are like prostitutes and that there is a pimp in the background.

Ben Clapton on Wed, 15th Oct 2008 10:51 am 



An Incredible story, and a shame that after 14 years, nothing has changed. Great writing, and poignant stories.

UP n grad on Wed, 15th Oct 2008 11:16 am 



For everyone’s information, the United Nations GIFT – Global Initiative to Fight Human Trafficking — includes campaigns against child trafficking and forced begging.

A United Nations official speaks :
“The public needs to be aware of the rights of children. We conducted a survey of 600 individuals in various towns in Kosovo and 80 per cent of them admitted they give money to begging children,” says Artur Marku, Head of Mission of the Swiss organization in Kosovo. “People mean well but they are in fact propagating a vicious cycle of exploitation.”

The children who beg are neither orphans or abandoned. On the contrary, many of them are encouraged into the activity by their own parents or tutors. As long as they earn money, they are sent back on the streets.

UP n grad on Wed, 15th Oct 2008 11:18 am 



To repeat the words :
“People mean well but they are in fact propagating a vicious cycle of exploitation.”

The children who beg are neither orphans or abandoned. On the contrary, many of them are encouraged into the activity by their own parents or tutors. As long as they earn money, they are sent back on the streets.

UP n grad on Wed, 15th Oct 2008 11:22 am 



To those scratching their heads wondering that if they should NOT give alms to the street beggars, then what to do — an answer is to direct their cash to those better organized to deal with the problem — NGO’s.

But do be aware of the sentence — to give money to a street beggar may just be … to propagate a vicious cycle of exploitation.

glu gun on Wed, 15th Oct 2008 11:46 am 



UP n grad

“People should be aware that in a daily process where cash changes hands, then there is a strong likelihood that a business is already in place. Translation —- there is a likelihood that some of alms-askers are like prostitutes and that there is a pimp in the background.”

ALL GENERALIZATIONS ARE WRONG. INCLUDING THIS ONE . He he he.

My p0int. Lets approach the problem of begging and poverty in the most open mind.

But this could even be still a generalization.

UP n grad on Wed, 15th Oct 2008 12:13 pm 



Click on this link on child-beggars of Senegal/Africa.

http://www.africanloft.com/advocating-for-the-child-beggars-of-senegal/

UP n grad on Wed, 15th Oct 2008 12:14 pm 



And click on this link on the business of beggaring and the side-necessity of creating a talent pool.

http://www.childright.nl/en/index2.php?navid=212

leytenian on Wed, 15th Oct 2008 12:17 pm 



Poverty is simple, really… by benigno

Really? Every single individual in this earth can be a problem or a solution. How many are solutions and how many are problematics. Which area of our society enjoys to be the problem?

http://www.filipinovoices.com/poverty-is-a-simple-issue-really#comment-12343

grd on Wed, 15th Oct 2008 12:17 pm 



agree w/ UP n.

UP n grad on Wed, 15th Oct 2008 12:22 pm 



In Senegal :
Most of the boys — 90 percent, the study found — are sent out to beg under the cover of Islam, placing the problem at the complicated intersection of greed and tradition. For among the cruelest facts of Coli’s life is that he was not stolen from his family. He was brought to Dakar with their blessing to learn Islam’s holy book.

click here :
http://www.iht.com/articles/ap/2008/04/20/africa/AF-FEA-GEN-Senegal-Begging-for-Islam.php

————-
Side-note : the International Labor Organization puts the beggaring as a $15Billion-a-year business.

hvrds on Wed, 15th Oct 2008 12:32 pm 



Back to the future by the head of the European Central Bank.

While MLQ 3 noticed the same beggars in the same place for the last 14 years.

Why are they invisible to the government?

Close to thirty years after the virtual shut down of the Bretton Woods Institutions Jean Claude Trichet calls for a look at Bretton Woods arrangements again.

That in itself is a sea change caused by the almost collapse of the worlds financial system. Off course he cannot come out and say openly to change the dominance of the dollar and its dangers now very apparent.

Trichet Calls for Return to the `Discipline’ of Bretton Woods

By John Fraher and Gabi Thesing

Oct. 15 (Bloomberg) — European Central Bank President Jean- Claude Trichet said officials reshaping the world’s financial system should try to return to the “discipline” that governed markets in the decades after World War II.

“Perhaps what we need is to go back to the first Bretton Woods, to go back to discipline,” Trichet said after giving a speech at the Economic Club of New York yesterday. “It’s absolutely clear that financial markets need discipline: macroeconomic discipline, monetary discipline, market discipline.”

Some European policy makers are pushing to tighten oversight of markets after the past year’s credit squeeze culminated last week in the biggest stock sell-off since 1933. British Prime Minister Gordon Brown has suggested the most sweeping rethink of global financial architecture since U.S. and European officials met in Bretton Woods, New Hampshire, in 1944. The rules they drew up there governed much of the world economy for the following 30 years.

“Creating stability by adapting frameworks that have worked historically can improve credibility and hence the effectiveness of policy stabilization measures,” said Lena Komileva, an economist at Tullett Prebon Plc in London. “This idea may gain traction with policy makers.”

At Bretton Woods, nations agreed to fix exchange rates, establish the International Monetary Fund and start the process of rebuilding Europe’s economy in the aftermath of World War II by encouraging coordinated economic policies. Brown said national regulators must coordinate their work and banks should be pushed to disclose more trading positions.

`Exceptional Circumstances’

“If we don’t have discipline, then we are putting into question the functioning of the market economies and the functioning of our financial markets,” Trichet said.

Asked whether the escalation of the financial crisis exposed shortcomings in the global monetary system, Trichet said central bankers have “been up to their responsibilities in these exceptional circumstances.”

Trichet and U.S. Federal Reserve Chairman Ben S. Bernanke are struggling to restore order to credit markets after the collapse of Lehman Brothers Holdings Inc. and $638 billion in writedowns make banks reluctant to lend. The ECB and the Fed last week cut interest rates in tandem and this week agreed to flood the financial system with dollars.

Trichet suggested that slowing growth in the 15-nation euro region may curb inflation, paving the way for more rate cuts after the ECB reduced its benchmark by 50 basis points to 3.75 percent.

`Downside Risks’

“There has been a materialization of the downside risks to growth and we have to take that into consideration in all respects, and particularly as regards the influence that it has on the upside risks for price stability,” Trichet said.

He indicated that recent market turmoil was partly a consequence of the deregulation that occurred after Bretton Woods’ demise. That was triggered in 1971, when inflation forced the U.S. to abandon the dollar’s peg to gold, an anchor of the system, heralding the era of floating exchange rates.

“The explosion of the first Bretton Woods in a way could be interpreted as a rejection of discipline,” said Trichet.

Brown, who has pushed for a decade to strengthen the hand of international authorities overseeing the financial system, said Oct. 13 in London that “we must devise new rules for a world of global capital flows” just as the founders of Bretton Woods “devised rules for a world of limited capital flows.”

vic on Wed, 15th Oct 2008 8:18 pm 



agree with UPn, in fact most major cities are now have by-laws prohibiting “soliciting”. Experienced myself too many times that most, if not all are doing begging to feed their vices.

now we ask again what to do? there are all kinds of social services tasked to handle these cases, from addiction to alcohol, drugs and even to make ends meet and the good thing, they can follow up their cases. A one time dole out, is just good for the feelings, but will it benefits the recipient in the long term? that is the question..

The Ca t on Wed, 15th Oct 2008 8:34 pm 



An Incredible story, and a shame that after 14 years, nothing has changed. Great writing, and poignant stories

but of course nothing will change. Only foolish people think that poverty can be eradicated.

Poverty is the reason why many international agencies, government and non-government exist. Why kill the goose that lays the golden eggs?

Poverty is the reason why sex tourism flourishes in some countries. Why kill the lucrative business.

Poverty gives the big pharmaceutical companies a big laboratory for testing their new drugs. and vaccines to the poor.

UP n grad on Wed, 15th Oct 2008 9:13 pm 



the particular message I want to convey is this —- you may want to generously open your wallet to give a tenner or a twenty to the beggar who crosses your street, and your kindness is your own reward.

BUT…. do not begrudge the well-dressed citizen who does not follow what you do. This is because you probably can not see into that citizen’s heart along with the findings by the United Nations and many newspapers that to give money to a street beggar may just be to propagate a vicious cycle of exploitation.

UP n grad on Wed, 15th Oct 2008 9:32 pm 



Government programs that provide monetary “reward” to parents based on the continued school attendance of their children should be acknowledged as one many approaches to the beggar-problem.

This requires the good citizen to remain employed and to give their fair share to taxes.

And then, there is the “reproductive health” subject matter.

UP n grad on Wed, 15th Oct 2008 9:40 pm 



That “apathetic approach” where a citizen concentrates on remaining employed (and getting raises if possible) is a rational approach to beggaring, on condition that one gives fair share to taxes. Reason — government programs that provide monetary “reward” to parents based on the continued school attendance of their children should be acknowledged as one of many approaches to the beggar-problem.

for extra credit, one can on a regular basis put money into the “poor box” at your local church and maybe two or three times a year send money to the Red Cross or Caritas.

And then, there is the issue of citizenry “reproductive health”.

kouji haiku on Wed, 15th Oct 2008 10:58 pm 



an interesting post. i feel though that the internet is helping change to happen.

for my part, i turn to sites like freerice, kiva, and goodsearch, as ways to help alleviate poverty online.

saw this post via the front page of blog action day. it’s great that you’re participating.

Carl on Wed, 15th Oct 2008 10:59 pm 



It’s nice to put a label to this problem, like “the beggar problem” and tuck it away with the rest of the ills of this world.

What escapes a lot of us is that extreme poverty is THE greatest problem of humanity. That with so much advancement in science and our current thinking, extreme poverty is still a reality.

Sometimes I can’t help thinking so what if we have sovereignity and freedom, when we as a nation a century hence can’t even take care of the weakest among us. That after asserting for equality and paying for it dearly we have evolved into a very inequitable society. Indeed the slaves of yesterday have become the tyrants of today.

cvj on Thu, 16th Oct 2008 12:34 am 



Carl, the slaves of yesterday haven’t yet had their chance. To a large extent, the tyrants of yesterday (the Oligarchs) are still the tyrants of today.

PSI on Thu, 16th Oct 2008 12:53 am 



‘but of course nothing will change. Only foolish people think that poverty can be eradicated.’

To some extent, true. Any society, developed or otherwise, would have its lowest class/caste, bottom-of-food chain.

But any self-respecting government should try its very best to reduce the percentage of population earning the poverty low mark of what, $2 per day?

Most countries have committed to the millenium development goals (MDGs) of 15 percent of the population by 2015.

I’m not sure how RP is faring on its MDG targets, more so with this current financial meltdown. In 2003, the Philippines had almost 30 percent below the poverty threshold.

UP n grad on Thu, 16th Oct 2008 2:22 am 



to kouji haiku: kiva is one of my favorite sites for extending a helping hand to those who seek to put their shoulders to work to better themselves, family, and community.

kiva helps address the poverty problem, not the beggar problem.

d0d0ng on Thu, 16th Oct 2008 5:38 am 



Eradicating poverty is a utopian solution. Socialism and communism put the most aggressive solution so far to seize wealth for redistribution and stamp out poverty. Poverty remains in socialist and communist states as in any places.

Eradicating poverty is a matter of personal choice. The 2 top richest person on earth combined resources to empower people with skills to overcome poverty. The net result is positive on moving the underskilled and underemployed to greater potential from poverty line.

But there is always a population that are not trainable and cannot be rehabilitated. That is where your generosity and understanding comes in. Is it really feeding the vicious cycle of exploitation by giving little money or are these walking zombies waiting for death or money whichever come first made no difference.

That is where religion provided little conscience to see the faceless in the society.

hvrds on Thu, 16th Oct 2008 9:37 am 



Beggars and the choices they have. There is in free market theory the idea of voluntary unemployment. That means that people actually rationally choose not to work.

Beggars, street walkers are actually self employed. But that is an urban situation. Are these people begging based on a rational free choice? it is simply amazing at the shallow perceptions of many people.

What about the vast majority who live in the countryside?

The total potential labor force in the Philippines is almost 50M (15 years and above). Labor force participation rate is in the 50-60% level. (Please note that this is the accounting construct of equilibrium scientists.)Now out of that 50-60% level more than half are non-wage workers and unpaid family workers. The rest are divided into part timers/ seasonal and full time regular workers.

Question is simple really, is the individual entirely and absolutely responsible for his state in life. To what degree does the system and structure of the political economy determine his fate?

Why do Pinoys move to more advanced economies with more advanced and progressive systems and structures and then point to the misery of the people left behind and say that the individual who stayed behind is to blame entirely.

What about those dumb people who signed adjustable rate mortgages without knowing the full implications of what they were signing? Stupidity is not exclusive to any one country.

The world is an equal opportunity place for stupidity. Just look at who the American people put in power for the last eight years. Now that was truly an informed and free choice. Now look at the choices there today. The chances of a McCain -Palin victory could be dependent once again on two swing states. Ohio and Florida with 47 electoral votes. The German people put Hitler in power in a free election.

hvrds on Thu, 16th Oct 2008 12:21 pm 



How could she lie so blatantly to prove she is someone who has standing. She is really a fraud…..

Philippine claim highlights lack of unity

By FT Reporters

Published: October 15 2008 19:01 | Last updated: October 15 2008 19:01

Gloria Macapagal Arroyo, Philippine president, on Wednesday tried to create the impression of a co-ordinated Asian response to the financial crisis, conjuring up a $10bn facility supposedly agreed by the World Bank.

Mrs Macapagal said that finance officials from the 10-member Association of South-east Asian Nations (Asean), together with counterparts from China, Japan and Korea, had also “reached an understanding to establish a standby facility to assist Asean countries who have severe liquidity problems”.

A World Bank spokesman suggested plans were less advanced than Mrs Macapagal suggested. “The World Bank is supporting Asean members in developing a co-ordinated response, but has thus far not been asked to contribute to a regional facility, nor has it discussed commitment of funds at a regional level,” he said.

After the Asian financial crisis of 1997, the idea was floated of an Asian monetary fund to complement – or even subsume the role of – the unpopular IMF, which was insisting on harsh remedies, some of which were subsequently discredited. That idea was strongly opposed by the US.

An effort by the Asian Development Bank to come up with a quasi basket currency – Asia’s equivalent of the European Currency Unit, the euro’s forerunner – has foundered on indifference and disagreement about the appropriate balance of power in a fast-changing region.

Governments are continuing to take action at a national level with India and Kazakhstan announcing fresh initiatives on Wednesday. India’s regulators announced a slew of measures to tackle a liquidity squeeze in the banking system, including the second cut in the cash reserve ratio, one of the central bank’s key levers of monetary control, in less than a week.

Palaniappan Chidambaram, the finance minister, asked the Reserve Bank of India to release immediately to financial institutions the first Rs250bn instalment of a loan waiver for farmers and doubled the foreign investment limit in corporate bonds to $6bn (€4.42bn, £3.49bn).

The RBI also cut by 100 basis points to 6.5 per cent the amount of cash that banks must keep on deposit with the central bank – the second such monetary easing since Friday, when it slashed the cash reserve ratio by 150 basis points.

“The continuing uncertain global situation is having an indirect impact on our financial markets,” the RBI said.

India’s government insists the country’s banking system remains healthy but says it has been hit by a liquidity crunch stemming partly from a mass exodus from the stock market by foreign investors.

The outflows from the stock market have sent the rupee crashing 18.8 per cent against the dollar this year to Rs48.50, its biggest depreciation since 1991.

Mr Chidambaram also announced on Wednesday a “capitalisation” scheme to bring those banks that had capital adequacy ratios of between 10 per cent and 12 per cent up to 12 per cent. The details of the scheme were still being “worked out”.

The liquidity squeeze comes at a time of growing concern over some of India’s macro-economic fundamentals, such as the fiscal deficit.

Initiatives such as the farm loan waiver and soaring subsidies for oil and fertilizers as well as government pay rises have led to a sharp decline in the health of government finances.

Goldman Sachs on Wednesday said it expected the overall fiscal deficit to reach 8.4 per cent of gross domestic product this year from 6.2 per cent a year earlier.

Kazakhstan plans to prohibit banks from raising mortgage interest rates for three years to help stabilise the local property market.

The new mortgage rules will cover new and outstanding loans, Mukhtar Bubeyev, the head of bank supervision at Kazakhstan’s agency for financial supervision, said.

Kazakhstan announced plans last month to use state and private funds to buy up $6bn worth of distressed assets from the highly-leveraged banking sector which is particularly exposed to the property market downturn.

Nursultan Nazarbayev, Kazakhstan president, urged legislators to rush through a new financial stability law to bolster public confidence in the banking sector. Mr Nazarbayev said the government would use $10bn from the national oil fund in the next two years to support banks, small businesses and electricity projects to promote economic growth.

Reporting by David Pilling in Tokyo, Roel Landingin in Manila, John Aglionby in Jakarta, Joe Leahy in Mumbai and Isabel Gorst in Moscow

Copyright The Financial Times Limited 2008

Zigfred on Thu, 16th Oct 2008 6:52 pm 



Poverty in the world and in particular in this country can never be solved unless the “Big C” is solved (Corruption)

If we the president, 80 % of my efforts would be geared towards solving corruption.

By the way Marghil Macuha and I have just launched our free new blogging ebook. You might want to help us promote it. Check it out at http://www.zdiaz.com/index.php/2008/09/29/finally-our-very-own-guerilla-blogging-ebook/

d0d0ng on Thu, 16th Oct 2008 11:21 pm 



“What about those dumb people who signed adjustable rate mortgages without knowing the full implications of what they were signing?”

On the contrary there is smartness side considering:
1. Paid less (interest only) or none at all (deferral) on overpriced property.
2. Since they have no equity, they lost none to walk away from the loan.
3. They go by the “use” principle and they certainly paid less for any usage unlike their fixed payment counterparts.
4. The dumb part is reserve to the greedy lenders who ended up with the bad loan.

d0d0ng on Fri, 17th Oct 2008 12:03 am 



“The chances of a McCain -Palin victory could be dependent once again on two swing states. Ohio and Florida with 47 electoral votes.”

Again, this could be the most disappointing election for Obama-Biden and for Democrats as a whole.

1. The Bradley effect is indicated in the current poll largely supported by vocal Obama fans while McCain supporters are silent. Yet the statistical lead can change in any direction. In 1982, the poll favored black candidate Tom Bradley against white candidate and lost the election.

2. 1/3 of Florida voters are senior citizens and will not vote for a black President who is a tax advocate.

UP n grad on Fri, 17th Oct 2008 12:25 am 



If you want to open your wallet :

ill the Cup!

It takes just 25 US cents to fill one of the “Red Cups” that the World Food Programme uses to give hungry children a regular school meal of porridge, rice or beans. US$15 would feed 10 children for a week. Support WFP’s school feeding programmes, emergency relief operations and development initiatives.

To help “Fill the Cup” by making an online donation now, click below:

https://secure.my-websites.org/supporter/donatenow.do?n=gbss&dfdbid=1044253

d0d0ng on Fri, 17th Oct 2008 12:28 am 



“The German people put Hitler in power in a free election.”

The Germans resented Jews controlling the country’s industry and put Hitler into power.

UP n grad on Fri, 17th Oct 2008 12:28 am 



This provides a better link as one can explicitly choose the Philippines as geographic area of interest.
https://www.kintera.org/site/apps/ka/sd/donor.asp?c=7oIJLSOsGpF&b=1320635&en=lpJJIMPsG8ICILPtEdLFLLMrFhJXLXOvEhIJJOPtF9IJIWPDLtF

hvrds on Fri, 17th Oct 2008 8:06 am 



“4. The dumb part is reserve to the greedy lenders who ended up with the bad loan.” another stupid idea

Yup the lenders actually are the same taxpayers (depositors) who now have to pay. Bankers for the most part do not own deposits.

The lenders actually are for the most part the people who save.
For the info of the clueless bankers are only intermediaries.

hvrds on Fri, 17th Oct 2008 9:35 am 



“The Germans resented Jews controlling the country’s industry and put Hitler into power.”

Another idiotic statement.

The Germnans lost the war and the allies gutted the German economy with reparations and beggared the German state.

Hitler organized with Rohm the vast army of unemployed and got into political power. Thus was born the NAZI party.

The guy was a madman. Naturally his natural enemy would be the communists and the Jews who he also blamed for communism

leytenian on Fri, 17th Oct 2008 10:28 am 



“One entrenched factor associated with poverty is Centralization of Power. Political power is disproportionately centralized. Instead of having a network of political representatives distributed equally throughout society, in centralized systems of governance one major party, politician, or region is responsible for decision-making throughout the country. This often causes development problems. For example, in these situations politicians make decisions about places that they are unfamiliar with, lacking sufficient knowledge about the context to design effective and appropriate policies and programs.”

Another Factor Associated with poverty is Environmental degradation: The negative impacts of environmental degradation are disproportionately felt by the poor. The poor often rely on natural resources to meet their basic needs through agricultural production and gathering resources essential for household maintenance, such as water, firewood, and wild plants for consumption and medicine. Thus, the depletion and contamination of water sources directly threaten the livelihoods of those who depend on them.”

grd on Fri, 17th Oct 2008 1:24 pm 



“The Germans resented Jews controlling the country’s industry and put Hitler into power.”

Another idiotic statement. .. hvrds

ouch! hehehe, the everknowing dodong.

d0d0ng on Fri, 17th Oct 2008 10:41 pm 



“the lenders actually are the same taxpayers (depositors) who now have to pay.”

Another incorrect assumption. Depositors have not lost a penny since (1) no banks (not investment firm) gone bankrupt, (2) covered by insurance. Subprime lenders have folded up that equates only to lost jobs.

d0d0ng on Fri, 17th Oct 2008 11:25 pm 



“ouch! hehehe, the everknowing dodong.”

grd – as I said before Filipinos get easily insulted and call other statements as idiotic as if he has monopoly of information. It doesn’t mean however one is correct or change history that Jews are slaughtered.

UP n grad on Fri, 17th Oct 2008 11:39 pm 



the everknowing d00d0ng….. what’s the latest from the MILF? How many more civilian villages will kato burn before the year ends?

d0d0ng on Sat, 18th Oct 2008 12:29 am 



“what’s the latest from the MILF?”

After many months of relentless aerial bombings and special ops, the military can only hazard number of enemies dead (lately 13) which is good for boosting military morale plus Arroyo’s handing out medals to wounder soldiers. Unfortunately, there is no actual body count of dead enemies according to military spokesman Maj Cabangbang.

The military and Palace has always claimed success but draining its expensive resources in its mini-war and run out of options by increasing the bounty (cheaper than bombing).

Senate Minority leader is urging the gov’t. to drop DDR and make federalism a solution which has a brighter chance of resolving conflict.

In long terms, the MILF is gaining when the government came out as usual empty handed.

leytenian on Sat, 18th Oct 2008 2:18 am 



dodong is smarter than hvrds

hvrds on Sat, 18th Oct 2008 6:53 am 



The Day of Reckoning-

Banks, Hedge funds, mortgage lenders, Fannie Mae have all lent out their depositors money to mortgage homes whose values have dropped in value.

People also have borrowed for car loans and incressed their borrowings thru credit cards. All based on the increased value of personal assets starting with their homes.

Now the underlying collateral is worth less and the banks have a big hole on their books due to the fact that they lent out much more than they have on deposit and equity.

Who will pay for the big hole that exists on banks balance sheets. Think Iceland. The majority will be the depositors. That is what a bankruptcy process is all about. Spreading the loses around. What the world is seeing is the start of the destruction of too much credit.

When the government is going to pay for paper that is worth .40 cents to .50 cents to the dollar that means taxpayers will pay for the loses. The loses will be socialized.

It is shocking that there are stupids who think otherwise. Why is there this crisis to begin with?

hvrds on Sat, 18th Oct 2008 7:10 am 



For the blind, deaf and dumb.

First the government raised the guarantee for all depositors to $250K from $100K.

Then the Treasury is going to inject hundred of billions ino the banks core capital or equity.

All with taxpayer funds (both present and future.)

Then the Government will move to start to assist homeowners going into foreclosure by buying their mortgages at a discount.

No one can predict when house prices will stop falling and no one can predict when home proces will start their climb again upwards.

So how much will be the total loses to be incurred by taxpayers will still be unknown. But loses there will be. The loses will be socialized..THAT IS AN ABSOLUTE CERTAINTY.

people are already paying for this blowup as unemployment is rising starting with the housing sector and creeping into the other sectors of the economy as credit markets started to shut down.

Market mechanisms are starting to shut down and the government is moving heaven and earth to get it moving in the opposite direction to prevent a repeat of the Great Depression.

Some idiot said earlier there are no loses yet!

hvrds on Sun, 19th Oct 2008 6:26 am 



To all U.S. taxpayers. The U.S. treasury and otehr GSE’s borrows money from the world. Even the Philippines lends money to the U.S. Treasury.

Today the “We the people” of the U.S. through their authorized agents W, Hank and Ben are already lending public money to major corporations by buying their loan paper. They are having difficulty getting credit from the private sector.

The banking system of the U.S. has been effectively nationalized with the assistance of the international institutions who have agreed to lend money to “We the people” in their hour of insolvency to allow an orderly process of receivership for the U.S. economy.

In effect an orderly bankruptcy process for the U.S. economy.

KG on Sun, 19th Oct 2008 8:59 am 



COMMERCIAL MUNA!

Apology not accepted:
the next time some one says palimos,ibahin na natin ang linya natin instead na patawad po, murahin na lang natinat sabihan natin na hawak sya ng sindikato,tingnan natin kung makabalik pa tayo sa lugar na yon.
That is for the pedestrians,for those in cars will receive scratches,pulled up wipers especially from the windshield washers and the car watch boys.

That maybe a sweeping statement,but someone tell me that it is all urban legend.

I tried being generous to a sampaguita vendor by just giving money without taking the sampaguta,Big mistake, the poor kid got beat up. I say there are other channels of generosity and the direct way is the surest way that they won’t be blessed by your generosity.

d0d0ng on Sun, 19th Oct 2008 9:11 am 



“Some idiot said earlier there are no loses yet”

Unless you cash in or move your investment at this wrong time then you will incur actual loss for the difference of high amount originally paid and the low amount you receive today.

Losses are largely paper losses like valuation of investments. Companies routinely comply with valuation requirement. The biggest risk right now is liquidity that can force a company to seek infusion of capital especially in tight credit to fund its operations. The goal is to avoid liquidating assets at low market value.

In simple language, my stocks (options) are worthless right now if I cash in. But I have no need to cash in. My company is liquid in operation and will continue to earn profit (high earning potential) regardless of the mortgage crises.

That is where the role of the government comes in to ease the flow of credit. So confidence in the market can be restored and later the improvement will reflect the true value of company stocks. By then, the paper or valuation losses will be recovered and the public funds injected into banks will be paid with interest.

This is the same principle done in AIG. It has huge assets but cannot use it because of government restrictions (to avoid Enron). In response to tight credit situation, the government allowed AIG to use assets from its holding companies.

In tight credit situation, funds are not available to fund operations. Government intervention is to ensure companies continue operating and avoid business shutdown leading to unemployment. The US government has learned the lesson of the Great Depression.

d0d0ng on Sun, 19th Oct 2008 10:15 am 



“We the people in their hour of insolvency to allow an orderly process of receivership for the U.S. economy. In effect an orderly bankruptcy process for the U.S. economy.”

That is a stretch. First, the government is not taking over operation though it can make certain restrictions by its loan. Second, there is no liquidation of assets to pay off priority creditors. Third, there is no deadline set as in bankruptcy or receivership.

UP n grad on Sun, 19th Oct 2008 10:22 pm 



There is a virus somewhere (??? in one of the ads)

prevedvsem123

grd on Mon, 20th Oct 2008 2:09 am 



wow, Colin Powell endorsing Obama. that’s huge.

hvrds on Mon, 20th Oct 2008 5:28 am 



The Bursting of the Housing Bubble and the Coming Recession
By Dean Baker
t r u t h o u t | Perspective

Thursday 17 August 2006

“Every day presents new evidence that the housing boom is turning into a housing bust. In the last week we have seen data showing that house sale prices are down from last year’s levels in 26 major metropolitan areas, housing starts are down more than 15 percent from their bubble peaks, and applications for home purchase mortgages have dropped by more than 20 percent. A new poll of builders showed industry confidence at the lowest level since the middle of 1990-1991 recession.”

“At this point there is little doubt that the housing market is headed downward. The question is how low will it go and what will be the impact on the economy. If housing construction and sales prices revert to long-term trends, the decline will be severe, as will be the impact on the economy.”

The cumulative net effect of decreasing home values is mortgage defaults, foreclosures and banks themselves restricting credit leading to more defaults and on and on.

The result is an increasing level of unemployment that will lead to more stress to credit markets and on and on and on.

It would be most diffiuclt to personalize the loses and sufferings of millions of the unemployed

The destructive spiral of deflationionary expectations has taken hold…

There is only one juridical entity that can roll over its debt indefinitly into the future. The nation state. The bursting of the housing bubble led to the bursting of the credit derivatives bubble and financial companies have not been able to roll over their debts in an orderly fashion resulting in debt defaults that forced the state to come in.

In organized societies there is only two things that are certain – death and taxes. The ability of the nation state to roll over debts indefintely into the future and is essentially creating assets out of future debt (imposing taxes) to the clueless “We the people……

It was Josef Stalin that said that if you kill a single person it is a case of murder but if you kill millions they are simply a statistic.

Over the past two years millions have lost their homes while millions have los ttheir jobs. The subprime virus has now reached prime mortgages and other forms of credit. Millions more will lose their homes and their jobs.

The leading economies of the world are scheduled to meet to try to resolve the problems in the international system of finance which is the predominantly the dollar reserve system.

Private juridical entities of all sizes and shapes and even lesser states are having problems rolling over their debts resulting in more cutbacks and more unemployment. When Fannie mae and Freddie Mac had problems rolling over their paper in came the Republic. The same with AIG. The rollovers stopped just like a kite running out of an updraft.

The fifty states of the Union had given up the power of their legislatures to create credit surrendering this power to the Fed. They are now having problems rolling over their debts. I direct people to read the U.S. Constitution section 8 as to the Power of Congress. Bankruptcy is an option.

The fact that the nation state has now taken over rooling over due debts of the financial institutions if they are unable to do pending the consolidation and debt workouts across the baord that essentially is a debt restructing process ongoing all across the economic specturm. A bankruptcy process.

Unfortunatley most people have not been schooled and trained in the most simple of theories about monetary systems and how they work.

The nation state under a fiat currency system used debt of the state as its currency. That would mean it can create credit from out of future taxes. No private corporation can do that .

Section 8 – Powers of Congress

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow money on the credit of the United States;

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

To establish Post Offices and Post Roads;

To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;

To constitute Tribunals inferior to the supreme Court;

To define and punish Piracies and Felonies committed on the high Seas, and Offenses against the Law of Nations;

To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;

To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;

To provide and maintain a Navy;

To make Rules for the Government and Regulation of the land and naval Forces;

To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;

To provide for organizing, arming, and disciplining the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;

To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings; And

To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.

hvrds on Mon, 20th Oct 2008 5:34 am 



“dodong is smarter than hvrds”

In the lunatic universe that is absolutely correct.

Lunatics live in their own private universe immune to any stimuli from the other universes.

leytenian on Mon, 20th Oct 2008 5:51 am 



i’m so over it. housing bubble, credit crunch. presidential election and financial crisis, aren’t you? i can only find opportunities

leytenian on Mon, 20th Oct 2008 5:53 am 



bakit sensitive si hvrds? bakit naman? punta ka kaya doon sa filipinovoices.com . mga tsimay ang tsismis doon : )

alden on Mon, 20th Oct 2008 6:45 am 



grd – “as I said before Filipinos get easily insulted and call other statements as idiotic as if he has monopoly of information”..- Dodong

I absolutely agree. as much as HVRDS writings is very articulate and maybe well though, I hate teh use so so many cursing like stupid, idiotic etc…. Its a big turn-off for me that is dont read it , I just scan it. Sayang talaga kasi mukhang matalino naman sya eh. But whats the use of writing so well to communicate or present your ideas only to turn-off readers and just dimiss your writings as simply kayabangan?

rego on Mon, 20th Oct 2008 6:48 am 



oopps alden and rego is the same. alden is my real first name

rego on Mon, 20th Oct 2008 6:52 am 



The Bradley effect is indicated in the current poll largely supported by vocal Obama fans while McCain supporters are silent. Yet the statistical lead can change in any direction. In 1982, the poll favored black candidate Tom Bradley against white candidate and lost the election.- Dodong.

True! that is why Obama has told his supporters not to be cooky.

Indeed, Collin Powells endorsement of Obama is really HHHHUUUUUUUGGGGGGGGGEEEEEEEEE

rego on Mon, 20th Oct 2008 6:56 am 



Another big thing is the Obama endorsement from major newspapaers Like LA times, and washington post.

http://politicalticker.blogs.cnn.com/2008/10/17/obama-wins-backing-from-three-major-metropolitan-newspapers.

UP n grad on Mon, 20th Oct 2008 8:27 am 



The Republican Party gutter campaign tactics is one of the reasons that Colin Powell mentioned why he feels alienated from the McCain campaign… you know, that high up in the Mccain campaign are ultra-rightwing zealots making obscene Robocalls.

leytenian on Mon, 20th Oct 2008 8:59 am 



Obama support Planned Parenthood. He doesn’t care that abortion is the No. 1 killer of African-Americans surpassing deaths caused by accidents, heart disease, stroke, crimes, HIV-AIDS and all other deaths combined.
Abortion and Black Genocide (Barack Obama and the Negro Project)

http://www.youtube.com/watch?v=GfFVKqHWJU0&feature=related

hvrds on Mon, 20th Oct 2008 9:06 am 



When accounting rules can cause liquidity problems for banks even in the Philippines. “Mark to market”

Today’s Headlines

BY MA. ELOISA I. CALDERON, Senior Reporter
Banks seeking reprieve from losses on gov’t debt

Top-tier Philippine banks have asked regulators for a reprieve from marking hard-to-value assets down to fire sale prices as the industry grapples with persistent market volatility and a global credit crunch.

The proposal follows similar moves in the US and Europe, where authorities have relaxed fair value accounting rules to contain the fallout from the global financial crisis.

At least nine banks — Banco de Oro Unibank, Inc. (BDO), Rizal Commercial Banking Corp. (RCBC), Bank of the Philippine Islands (BPI), Land Bank of the Philippines, Development Bank of the Philippines, Metropolitan Bank & Trust Co. (Metrobank), United Coconut Planters Bank (UCPB), and Lucio Tan-controlled Philippine National Bank and Allied Banking Corp. — have launched a concerted bid to soften the blow from losses on ROPs — the market shorthand for Republic of the Philippine bonds or sovereign papers, industry officials told BusinessWorld.

The Philippine banking system is relatively healthy compared with its US and European counterparts as its exposure to risky credit assets such as collateralized debt obligations have been kept to a minimum.

Industry officials, however, pointed out that Philippine sovereign bonds have taken a hit from the global credit crisis. They said easier accounting rules would be needed to mitigate the impact on banks’ balance sheets.

The ROPs are booked according to fair value, or mark-to-market, which refers to an obligation on financial institutions to price assets held in their trading books according to current market values. Prices of these dollar-denominated debt papers have sunk, pressuring banks to top up their basic capital in a strained credit market.

“The quotation price has been ridiculously low and the bid and offer differential wide. The ones making the bids are really very few and it’s doubtful whether these are true buyers or [those] just trying to find out whether there’s a fire sale,” Landbank Treasurer Reevie Vergara said in an interview.

“It’ not fair to reflect [in the books] the ROPs at fire sale prices. There’s a dearth of logical buyers so you have to really explore a way to temporarily reflect a realistic value.”

Local banks are proposing a formula that allows the ROPs to be priced based on a certain credit default swap (CDS) spread instead of bid-offer prices.

Philippine five-year CDS — insurance-like contracts that protect against defaults and restructuring — widened to as much as 415 basis points last week on mounting recession fears that had investors dumping emerging market assets. That CDS spread was wider than the 250 basis points seen following the collapse of US investment bank Lehman Brothers last month.

Based on a formula being drawn up by the domestic banking industry that takes into account the performance of Philippine sovereign bonds from 1983, the CDS spread should be narrower at a 220-270 basis-point range.

“If we are allowed to temporarily use that more realistic spread, then the marking to market will not be that alarming,” Mr. Vergara said. “We’re not against marking to market. There should just be a provision in the rules as to what valuation procedures we can turn to if it’s a crisis situation or during abnormal market situations.”

Industry officials began talks last week with the Bangko Sentral ng Pilipinas (BSP), which was said to have asked banks to submit their observations. BSP officials were not immediately available for comment.

The move comes in time for third-quarter results, raising talk that the banks want to hide their losses.

——————–

Story Location: http://www.bworldonline.com/BW102008/content.php?id=003

leytenian on Mon, 20th Oct 2008 9:08 am 



Apology not Accepted on Black Genocide

“In America today, almost as many African-American children are aborted as are born.

A black baby is three times more likely to be murdered in the womb than a white baby.

Since 1973, abortion has reduced the black population by over 25 percent.

Twice as many African-Americans have died from abortion than have died from AIDS, accidents, violent crimes, cancer, and heart disease combined.

Every three days, more African-Americans are killed by abortion than have been killed by the Ku Klux Klan in its entire history.

Planned Parenthood operates the nation’s largest chain of abortion clinics and almost 80 percent of its facilities are located in minority neighborhoods.

About 13 percent of American women are black, but they submit to over 35 percent of the abortions.

Black people have traditionally been strong Christians, but they have been duped by the Democrat party who promised to take care of them – but the compromise was their support of abortion. ”

Change we can believe in?

UP n grad on Mon, 20th Oct 2008 10:09 am 



leytenian: Too bad you are an anti-Latino racist…. then some of the Cuban- or Bolivian-Americans may pay attention to you.

UP n grad on Mon, 20th Oct 2008 10:16 am 



And it is more and more evident…. dem Johnny-rebs of Virginia have had enough of Republicans. And as the Republicans lose this battleground state, so the Republicans lose elections-2008 (despite d00d0ng and Pilipinoparin voting in California).

UP n grad on Mon, 20th Oct 2008 11:49 am 



YAHOO NEWS:

FreddieMac secretly paid a lobbyist (to kill legislation — regulatory supervision over FreddieMac and FannieMae) and now that damn-crooked guy lobbyist is top-lead over McCain campaign.
——–
click here for news:
http://news.yahoo.com/s/ap/20081020/ap_on_bi_ge/the_influence_game_housing

———-
$2Million — that is how much Freddie Mac secretly paid a Republican consulting firm to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.

Freddie Mac’s payments to DCI’s chief executive Doug Goodyear began in August 2005. JohnMcCain hired DougGoodyear 3 months ago.

UP n grad on Mon, 20th Oct 2008 11:50 am 



… sorry, leytenian. I don’t have a YouTube video for you to enjoy.

Carl on Mon, 20th Oct 2008 7:03 pm 



Joaquin Bernas, reflecting on the SC’s BJE decision:

http://opinion.inquirer.net/inquireropinion/columns/view/20081019-167323/The-MOA-AD-decision

Administration critics especially the press love to point out how Arroyo has compromised the SC – especially when it handed down the decision on Neri. I’ve always thought this to be absurd. In fact, this Court has never been afraid of brandishing their power.

But the dead MOA-AD will indeed change the nature of all future peace negotiations: extra-constitutional solutions (aka “dismembering the Republic” for the hysterical) has ceased to become a taboo in negotiating peace in Mindanao. The public may loath the GRP panel that crafted it, but they go down as mavericks of peace in my book.

Solly on Mon, 20th Oct 2008 7:59 pm 



Which will come first, a law allowing divorce — the dismembering of failed marriages (especially where there is physical brutality)…. or a Constitutional-Amendment allowing the dismembering of the Republic of the Philippines?

Solly on Mon, 20th Oct 2008 8:37 pm 



Sa akin lang naman, matagal na dapat ginawang legal itong divorce. At kailangang may child-support dahil obligasyon ng gobyerno na alagaan ang mga kabataan kaya dapat gawing batas na obligasyon ng mga magulang kasal man or diborsiyado na alagaan ang kanilang mga anak.

d0d0ng on Tue, 21st Oct 2008 7:33 am 



“Indeed, Collin Powells endorsement of Obama is really HHHHUUUUUUUGGGGGGGGGEEEEEEEEE”

It is very interesting indeed on Nov4. Early on, Gen Powell is expected to align with Barrack later while Oprah did earlier. While media take it as significant change for Barrack, there is however a negative repercussion that is largely ignored – that some people will take it as a prominent black will vote for a black candidate and will drive the whites to take care of themselves which Barrack have been avoiding the issue of the race card where he is at disadvantage.

d0d0ng on Tue, 21st Oct 2008 7:45 am 



“Another big thing is the Obama endorsement from major newspapaers Like LA times, and washington post.”

Both publications are liberals and are losing readerships especially the residential market. Their remaining market are the business sectors (hotels, etc…). Businesses owners are unlikely to vote for a candidate who will tax them further.

hvrds on Tue, 21st Oct 2008 11:47 am 



The lunatics have two more weeks to go. Will the lunatic fringe inspired by McCain and Palin finally take a shot at Obama?

“In case you haven’t heard, there’s a guy running for president named Barack Hussein Osama Nobama. This Nobama was born outside America and secretly schooled in Islamic terrorism at a Wahhabi madrassa. He then moved to the United States to take up the radical ’60s teachings of the Weather Underground’s Bill Ayers, while also organizing for ACORN, a subprime-lending, voter fraud-committing collective of affirmative-action welfare queens. All this happened before he became an elitist celebrity advocate of socialism, infanticide, the sexual abuse of children and treason.” Richard Kim

PRECIOUS

Bert on Tue, 21st Oct 2008 2:28 pm 



“In case you haven’t heard, there’s a guy running for president named Barack Hussein Osama Nobama. This Nobama was born outside America and secretly schooled in Islamic terrorism at a Wahhabi madrassa. He then moved to the United States to take up the radical ’60s teachings of the Weather Underground’s Bill Ayers, while also organizing for ACORN, a subprime-lending, voter fraud-committing collective of affirmative-action welfare queens. All this happened before he became an elitist celebrity advocate of socialism, infanticide, the sexual abuse of children and treason.” Richard Kim

“The lunatics have two more weeks to go. Will the lunatic fringe inspired by McCain and Palin finally take a shot at Obama?”-hvrds

The lunatics will sure do. Nothing to lose for McCain, he’s the underdog in the polls.

If the Obama camp cannot disprove what Richard Kim is saying then a lunatic I will become. In fact I am already a lunatic.

McCain/Palin, GO GO GO!

Bert on Tue, 21st Oct 2008 2:51 pm 



“Indeed, Collin Powells endorsement of Obama is really HHHHUUUUUUUGGGGGGGGGEEEEEEEEE”

Not only ‘HHHHUUUGGGGGEEEE’, it is also a very colorful endorsement, hehehehehe.

grd on Tue, 21st Oct 2008 5:53 pm 



some people really have no clue as to the significance of Powell’s endorsement. when you talk about national security, Colin Powell is your guy. just imagine Powell supporting a “terrorist”… just because he is black?

to borrow hvrds word… PRECIOUS.

Bert on Tue, 21st Oct 2008 8:06 pm 



some people forget the fact that blood is thicker than water, heheh.

PRECIOUS TALAGA.

grd on Tue, 21st Oct 2008 8:30 pm 



maybe to you, leytenian, dodong and pilipinoparin it really matters.

“Gen Colen Powell, the former chairman of the Joint Chiefs, former secretary of state, former national security adviser and a republican is endorsing Barak Obama the terrorist because he is black.”

PRECIOUS.

Solly on Tue, 21st Oct 2008 9:48 pm 



Bert says : If the Obama camp cannot disprove what Richard Kim is saying then a lunatic I will become. In fact I am already a lunatic.

McCain/Palin, GO GO GO!

—————-

Similar to what Cheney and Bush said —- if Saddam cannot disprove about the WMD, then shock and awe .

————-
Four more years of a Republican in the White House is totally insane. Which is why tge Johnny-Rebs of Virginia are turning to Obama; which is why even Florida will vote Obama.

Bert on Tue, 21st Oct 2008 10:44 pm 



This is not about us, this is about America. In America it matters very much. Why else 95% of black people in America going to vote for Obama? Why else do you think Powell is rooting for Obama? Hmmn?

DevilsAdvc8 on Wed, 22nd Oct 2008 1:14 am 



look, americans voted Bush into office. twice. is there any mystery on who they shall vote for next?

the polls doesn’t matter. when the day of reckoning comes, no white man will ever allow a black man into the white house.

besides, there’s still 2 weeks to go. a lot of days to go and plan another 9/11 that will scare americans shitless into voting for mad-dog McCain who will “protect America from those damn terrorists.”

DevilsAdvc8 on Wed, 22nd Oct 2008 1:52 am 



btw, i’m still wondering about this. if house prices are falling, wouldn’t this be the best time to buy? or are we waiting for prices to hit rock bottom before rush buying everything?

somewhere down the line, this trend would go the other way and some lucky guy will have hit pay dirt with all those properties bought cheap.

or am i missing something?

UP n grad on Wed, 22nd Oct 2008 2:38 am 



to devilsAdvc8: Yes, you are missing something.

The states of New York, California, Michigan, Oregon, Illinois, Connecticut, Massachusetts… quite a few others, will be voting Obama into the White House. So when you say :
“…. no white man will ever allow a black man into the white house…

then you are missing something.

UP n grad on Wed, 22nd Oct 2008 2:39 am 



USA Nov 8 elections :

http://www.cnn.com/ELECTION/2008/calculator/

supremo on Wed, 22nd Oct 2008 3:06 am 



The US Presidential election is on Nov. 4. I believe McCain will win by a landslide and the Democrats will retain the majority in both houses of Congress. There will be more state Governors from the Democratic Party too.

UP n grad on Wed, 22nd Oct 2008 3:39 am 



now, d00d0ng’s children — natural-born US citizens via his second wife — will have ZERO chance of being elected into any public office. Reason — d00d0ng a known supporter of MILF burning of civilian villages.

Bert on Wed, 22nd Oct 2008 8:18 am 



UP n grad,

if, as you say, dodong is a supporter of MILF terrorist, why is he not rooting for Obama? do you think maybe he is a sleeper, no?

UP n grad on Wed, 22nd Oct 2008 9:27 am 



to Bert: I can’t do one-plus-one understanding of d00dong being supportive of Moro Islamic Liberation Front (MILF) commander Ameril Ombra Kato group who torched a daycare center, a health center and several houses in Mamasapano, Maguindanao. “Sleeper” is for Homeland Security/FBI to worry about..

leytenian on Wed, 22nd Oct 2008 11:40 am 



hahaha, it’s entertaining. my aunt with 2 children who are both over 19 will vote for Obama. but when asked if they will really vote for Obama on election day, both said, they don’t know. both think that obama will be killed. my aunt will never vote for black guy kasi maaputi raw siya… hahaha.

devils,

it is a good time to buy and hold. but not the right time to flip. real estate prices are driven by employment, migration and financing. the US is now at 6.1% employment plus credit crunching. In Florida, there are about 18 months supply of homes. These inventories will only decrease when people migrate to florida for employment or when employment rate will improve. Access to information and timing are key to success.

McCain will win Florida.

grd on Wed, 22nd Oct 2008 12:13 pm 



if, as you say, dodong is a supporter of MILF terrorist, why is he not rooting for Obama? do you think maybe he is a sleeper, no?

Bert & UPn,

maybe dOdOng and Ombra Kato are brothers too? you know, just like the republican gen, Collen Powell supporting the democrat terrorist Obama…. blood is thicker than water.

Solly on Wed, 22nd Oct 2008 8:43 pm 



Technical side-note: Another reason that Mccain will lose is e-mail. Seriously!!! The Republicans are so old-fashioned and old-old that they can’t do e-mail right.

Their servers are sending out the wrong IP-address so badly that the broadcast e-mail are getting flagged as spam mail. And spam-mail inside this nest-of-pipes-called-the-INTERNET get zapped.

Republicans want to bring the USA back to the fifties when blacks and browns and yellows behaved, kids say yes-mom/yes-dad and everyone went to church on Sundays.

Pilipinoparin on Thu, 23rd Oct 2008 12:40 am 



“Republicans want to bring the USA back to the fifties when blacks and browns and yellows behaved, kids say yes-mom/yes-dad and everyone went to church on Sundays.”…Solly

A great majority of Filipinos still say yes Ma’am, yes Sir ( Po/Opo) and go to church on Sundays. I don’t know about you but I don’t see anything wrong with that, just part of properly bred Filipino Catholics.

Solly on Thu, 23rd Oct 2008 7:18 am 



The CBCP has zero influence over US elections. Filipino catholics do not vote in US elections.

As leytenian says repeatedly, send ‘dem brownskinned immigrants back to where they come from, haven’t you heard her?

rego on Thu, 23rd Oct 2008 7:38 am 



To those who wanted to belittle Powells endorsement for Obama, the easiest thing to do really to dimiss it as color or blood related..

rego on Thu, 23rd Oct 2008 7:46 am 



But like it or not. Obama has the momentum and he is leading in the polls.

I do belive Mc Cain is a good man. But for some reason, he is not the real Mc Cain during this campaign. seems to me that he wanted the presidency soooooooooo much that he willing to do whatever it takes. If he only maintained the real him I think he has a better chance. Now that he has gone negative and low, his only chnage to win is the Bradley effect. But then you cannot count on this so much, This phenomenon happened long time ago and the mindset of American voters may have changed already..

I do believe that Obama will win the election because he deserved it and is a much much better than Mc Cain.

rego on Thu, 23rd Oct 2008 7:52 am 



Where the hell is Bencard? I know he is voting for Mc Cain. But I really wanted to know his reasons. Or is he changing his vote to Obama?

leytenian on Thu, 23rd Oct 2008 8:02 am 



If Obama will win, the US will face more risk to other to doing the things US don’t want them to do… War in Iran is eminent?Is Obama experience to keep US safe?
http://www.youtube.com/watch?v=PuUnFIpSb-4

UP n grad on Thu, 23rd Oct 2008 8:04 am 



Leytenian: A sign of hope for the Republican party…. your campaign donations being put to good use.

News is out that the Republican National Committee spent over $100,000 for Sarah Palin. From what I can gather, the money is for books and for tutoring (from University professors in economics, American history and politics) so that Sarah Palin gets a quick education.

Well done!!!!

leytenian on Thu, 23rd Oct 2008 8:09 am 



rego,
bencard remains to be a mccain supporter. check out filipinovoices.com. he’s there.

leytenian on Thu, 23rd Oct 2008 8:14 am 



up n,
$150,000 for clothing is really a small budget compared to $800,000 ACORN campaign budget to allow dead people and mickey mouse to vote… hahaha

UP n grad on Thu, 23rd Oct 2008 8:22 am 



What??? The Republicans spent $150,000 of campaign contribution money on clothing for Sarah Palin?

That has got to be illegal!!! Republicans really generous with other-people’s-money.

leytenian on Thu, 23rd Oct 2008 8:45 am 



Obama’s Illegal Fundraising Methods, Misuse of Tax Exempt Money, Reinforce ACORN Scandal

Here is a convenient list of links for further details.

1. Acceptance of contributions from foreign sources, and in excess of the $2300 individual contribution limit
* Obama’s Illegal Foreign Contributions and (Possibly Rigged) Lotteries
* Gazan contributions flagged by Federal Election Commission, Obama Never Reported
* Obama Received Illegal Contributions from Palestinians
* Why is Barack Obama Taking–& Lying About–Illegal Campaign Contributions from Gaza’s HAMAS Muslims?
* Obama’s Gazan Contributions
* Obama’s Contributions: Foreign and Domestic
* Arabs deny Obama camp returned illegal donations: Candidate’s staffers insist Gaza brothers refunded, but men say, ‘We did not receive any money back’
* Illegal cash to Obama: WND stands accused
* Illegal Obama donors: Middle Eastern Arabs:

Gazan brothers’ illicit contributions listed in government campaign filings
2. Fundraising through potentially illegal (and possibly rigged, with predetermined winners) “Dinner with Barack lotteries”
* Obama’s Illegal Foreign Contributions and (Possibly Rigged) Lotteries
* Were Obama’s Lottery Winners Picked in Advance?
* Obama camp’s illegal lottery modified:Campaign’s promotion strayed into definition of banned gambling

* Giving to Obama ‘lottery’ called illegal gambling:
‘Is he licensed by the state to do that? In 37 states this is a misdemeanor’
3. Misuse of tax exempt church resources for electioneering:
“A Politics of Conscience” at the United Church of Christ’s 2007 Annual
Synod
* Did Obama’s Campaign Misuse 501(c)(3) Tax Exempt Resources?
* IRS Implies Obama, not Church, to Blame for Misuse of Tax Exempt Resources
* Complaint to IRS alleging Obama campaign’s misuse of tax exempt church resources for electioneering (This
is the complaint that prompted the IRS investigation. It includes screen shots of Obama campaign workers or volunteers using the United
Church of Christ annual synod to promote Obama’s candidacy)
* Obama’s Alleged Misuse of Church Resources could End Campaign
* Obama’s General Synod speech prompts IRS to investigate UCC’s tax-exempt status

* An Open Letter to Barack Obama By Jeffrey Lord. “
Dear Senator Obama: Our
common denomination, the United Church of Christ, has a suddenly
serious legal and financial problem with the Internal Revenue Service.
You, personally, are the cause of this problem.”
* IRS Investigating Obama’s Church
4. Other questionable campaign financing practices
* 25,000 donations fail to include donor’s employer
* Possible coordination with a 527 organization (MoveOn.org), which would be illegal
* “Obama Response to FEC: Chicago Style ‘Plausible’ Deniability?”
5. Allegations of Election Fraud and Voter Intimidation (Nevada Caucuses)
* Obama Campaign Accused of Voter Intimidation and Election Misconduct
Clinton campaign alleges, “a premeditated and predesigned plan by the
Obama campaign to engage in systematic corruption of the Party’s caucus
procedures.”
* Clinton Campaign Alleges “Voter Suppression and Intimidation” by Obama Campaign. “An egregious effort by the Obama campaign to manipulate the
voter registration process in its own favor, thereby disenfranchising
countless voters”
* Clinton Campaign: Obama Campaign Intimidated Voters in Nevada. “Voter suppression, intimidation and harassment systematically engaged in by the Obama campaign, its allies and supporters.”
* “The Audacity of Democracy” (YouTube) alleges campaign fraud in Texas

leytenian on Thu, 23rd Oct 2008 8:49 am 



Obama encouraging illegal voting:

“Sixty-nine percent of Republicans and 21% of Democrats believe ACORN (the Association of Community Organizations for Reform Now) is trying to register people to vote multiple times in violation of election laws. Forty-one percent of Democrats and eight percent (8%) of GOP voters disagree. Unaffiliated voters by more than two-to-one view ACORN’s efforts as consciously illegal.

That’s why 42% of voters say it is more likely that people will vote illegally this Election Day than for legal voters to be denied their rights at the polls. But 32% say legal voters are more likely to be denied the right to vote.

Sixty-nine percent (69%) of Republicans think illegal voting is more likely, while 51% of Democrats say legal voters are more likely to be denied the chance to cast their ballot. Unaffiliated voters lean toward the probability of illegal voting, 47% to 26%. ”

http://www.rasmussenreports.com/public_content/politics/election_20082/2008_presidential_election/45_say_acorn_trying_to_register_illegal_voters

leytenian on Thu, 23rd Oct 2008 8:54 am 



Though Gadhafi asserted that fundraising from Arab and African nations were “legitimate,” the fact is that U.S. federal law bans any foreigner from donating to a U.S. election campaign.

So it seems Obama’s brother Muslim’s and terrorist are making a concerted effort to get him into the Whitehouse. Why else would he refuse to show his money sources?

http://www.gather.com/viewArticle.jsp?articleId=281474977464156

leytenian on Thu, 23rd Oct 2008 8:56 am 



obama is all about himself.. he should listen to arnold Schwarzenegger. no bull no bias.

UP n grad on Thu, 23rd Oct 2008 9:39 am 



Manny Villar for 2010 president!!!

Second choice is a toss-up between Mar Roxas and Erap (who was more “forceful” with the MILF but then got convicted — Oooops!!! — and thrown in jail).

leytenian on Thu, 23rd Oct 2008 9:53 am 



“I have not seen the media portray this illegal campaign donations one bit and it is because they are all rooting for Obama. The unfortunate thing is that this is such a disservice to the people of the United States. We deserve to hear about all of these things and because of the biased opinions, Obama is getting away with too much. If you think that a man who can’t even raise campaign money legally, what makes you think he can run this country?

leytenian on Thu, 23rd Oct 2008 10:03 am 



for many villar, he is real estate developer.obviously, majority of his target market are the OFW’s. wondering why he is into protecting our OFW? sounds like a strategy for those who cannot comprehend conflict of interest. NO, I don’t like Manny anymore. OFW should open businesses to employ our people. Real estate is not a good investment. why buy a condo or a big house if appreciation is lower than inflation. if I were for Manny, he should encourage entrepreneurship. watch out with this guy. who else is running? this might be the time for me to start my blogsite to attack ? heheheh

hvrds on Thu, 23rd Oct 2008 11:06 am 



Can someone from the lunatic fringe of the Republican party get an invitation for Big Mike and GMA for the scheduled G-20 meeting with Bush in Washington on November 15 for an emergency summit?

GMA and the Philippines are not included and she is a world recognized uber economist expert according to her people. Maybe some of the lunatic fringe Pinoys who are Republican die hards could somehow talk to W.

Why is that other Asian country invited and we are not? Indonesia is a Muslim country and how come they get to go! I repeat the word Muslim…. Isumbong ninyo kay Sarah.

“The countries invited are drawn from the so-called G-20, a forum of rich and emerging nations that was convened in 1999 after the Asian economic crisis. Its members are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, Britain, the United States and the European Union.”

leytenian on Thu, 23rd Oct 2008 1:05 pm 



hvrds,
it is not confirmed yet of who would be the attendees. Philippines is a member. This might be a summit that requires participation not by invitation. which news link did you get your information?

grd on Thu, 23rd Oct 2008 1:22 pm 



mar roxas or villar for me.

grd on Thu, 23rd Oct 2008 1:38 pm 



alangan naman aatend ng walang invitation.

kaya nga G-20 eh… if kasama pilipinas di G-21 na yun.

Payls on Thu, 23rd Oct 2008 4:59 pm 



why we should accept his studpi apology..?

leytenian on Fri, 24th Oct 2008 5:57 am 



grd,

there’s also a G20 fof developing nations of which Philippines is a member.
It’s probably the G20 summit for industrial Nations on Nov 15 that hvrds was talking.

leytenian on Fri, 24th Oct 2008 6:34 am 



to answer HVRDS of why Philippines is not invited:

it is now confirmed that the G20 summit is only for industrial countries..Philippines cannot participate nor will be invited. It belongs to developing countries. bakit?

rego on Fri, 24th Oct 2008 9:08 am 



Does GOP ad presume Obama victory?

http://www.cnn.com/2008/POLITICS/10/23/obama.check/index.html

rego on Fri, 24th Oct 2008 9:10 am 



Has McCain run an “honorable” campaign?

http://caffertyfile.blogs.cnn.com/2008/10/23/has-mccain%E2%80%99s-run-an-%E2%80%9Chonorable%E2%80%9D-campaign/

rego on Fri, 24th Oct 2008 6:18 pm 



“I have not seen the media portray this illegal campaign donations one bit and it is because they are all rooting for Obama.

———————————————————————-

Maybe the media doesn’t want to cover garbage and pile and pile of dirt. There is enough muck coming from Mc Cain and Palins press release already.

leytenian on Sat, 25th Oct 2008 7:31 am 



“Whatever else it is, this election is a referendum on two very different visions of America. Obama’s vision is of country crippled by sin; McCain and Palin’s vision is of a country fired by high ideals and expansive opportunity.

“You’re beautiful, I love you, now change.” That is Team Obama’s message.

“You’re beautiful, I love you as you are”: that is the message of McCain and Sarah Palin.

It’s the difference between the utopian–who finds himself disgusted with every real-world polity, and who finds himself willing, indeed, eager, to sacrifice real people for the sake of the ideal ones he wishes to create–and the simple patriot who says Yes to the family, community, and country in which he finds himself.”

I am more like the Joe plummer who is fired by high ideals and expansive opportunity, please don’t tax me.

hvrds on Sat, 25th Oct 2008 10:04 am 



“I am more like the Joe plummer who is fired by high ideals and expansive opportunity, please don’t tax me” ??????pundit

Instead of trying to pontificate on seemingly profound rhetoric’s it might be more beneficial to spend the time searching for ones G-Spot or exercising ones sphincter muscle with a pocket rocket.

leytenian on Sat, 25th Oct 2008 10:55 am 



hvrds,

hahaha, why are you so kinky? bastos mo talaga. sige na nga. hahanapin ko pa.

you are too funny.

rego on Sun, 26th Oct 2008 1:49 pm 



“I am more like the Joe plummer who is fired by high ideals and expansive opportunity, please don’t tax me. “-Leytenean

Unfortunately, analysis showed that Joe teh Plumber is better off with Obama than MC Cains policy.

rego on Sun, 26th Oct 2008 1:56 pm 



hvrds,hahaha, why are you so kinky? bastos mo talaga. sige na nga. hahanapin ko pa.
you are too funny.” – Leytenean .

Hmmm , its becoming a trend, any issues you can not bear to counter, your automatic response is ” your funny”. Could be the reason why you are not taken seriously in this blog. Para sa yo lahat ay patawa lang..

C’mon if nothing is coming out from your brain just pause and stop for while….

leytenian on Mon, 27th Oct 2008 9:35 am 



Barack Obama was seated next to a little girl on an airplane. He turned to her and said, ‘Let’s talk. I’ve heard that flights go quicker if you strike up a conversation with your fellow passenger.’
The little girl, who had just opened her book, closed it slowly and said to Obama, ‘What would you like to talk about?’
‘Oh, I don’t know,’ said Obama. ‘How about What Changes I Should Make To America?’ and he smiles.
‘OK, ‘ she said. ‘That could be an interesting topic. But let me ask you a question first. A horse, a cow, and a deer all eat the same stuff – grass – . Yet a deer excretes little pellets, while a cow turns out a flat patty, and a horse produces clumps of dried grass. Why do you suppose that is?’
Obama, visibly surprised by the little girl’s intelligence, thinks about it and says, ‘Hmmm, I have no idea.’
To which the little girl replies, ‘Do you really feel qualified to change America when you don’t know $H!T ?

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