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RE: How do you feel about the biggest bailout in US his... - 9/22/2008 12:11:22 PM   
Steponme73


Posts: 552
Joined: 11/9/2007
Status: offline 		I think it sucks!!!!!!!!!  I also think the people that were heads of Fannie Mae and Freddie Mac should be held accountable.  I.E., take their assets away from them, take their big retirements away and prosecute them.  That also goes for the congressmen and senators that helped promote this mess.
Politicians are not even as high on my like list as used car salesman...and used car salesmen don't crack my top 100.

(in reply to Real_Trouble)
Profile   Post #: 41
RE: How do you feel about the biggest bailout in US his... - 9/22/2008 12:23:37 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Hey Popeye,  lets start a hedge fund,

(in reply to Steponme73)
Profile   Post #: 42
RE: How do you feel about the biggest bailout in US his... - 9/22/2008 12:24:18 PM   
NeedToUseYou


Posts: 2297
Joined: 12/24/2005
From: None of your business
Status: offline 		I think it sucks, and they should let it crash. Little change will happen if they save the system. They will change some things, but not the core changes needed. That is the way. So, give them 700 billion now, in ten years, if that holds they will use the same game with a different name to create a 3 trillion dollar mess.

Fear is all that will allow this to happen. It's just like September 11th, all over again. They must pass it now, because the fear fades fast, and people would not allow this to happen during even headed times.

By the way the ones crying for this are the ones that created the problem. Fannie and Freddie were quasi federal/private corps. The Federal Reserve and Treasury, set the economy up for bubbles, and crashes.

I just wonder why anyone anywhere ever would trust these guys, they answer to banks, and that is who they are looking out for 100%. It has always been that way and it always will. The solution is to seperate government from business, and to highly regulate banks, but not actually enter business with them.

(in reply to MzMia)
Profile   Post #: 43
RE: How do you feel about the biggest bailout in US his... - 9/22/2008 6:42:00 PM   
MzMia


Posts: 5333
Joined: 7/30/2004
Status: offline
quote:

ORIGINAL: popeye1250

Here we go with the Taxpayer's money again!
The American People should demand that *we* have an advocate in Washington to protect the interests of the Taxpayer.
Everyone has big plans but all those plans *always* involve Taxpayer dollars!
The problem is that it isn't just Wall St or big banks, insurance cos, or mortgage companies.
Now it's foreign countries and the "U.N."
They *all* are trying to go after our money.
We need to just say *NO* to all of them!
It is not "the govt's" money to be giving away!



I knew I could count on you popeye.
I agree that we certainly DO need an advocate in Washinton to watch
the taxpayers dollars, in fact maybe we could create another
government agency!


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To Each His/Her Own
"DENIAL ain't just a river in Egypt." Mark Twain


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(in reply to popeye1250)
Profile   Post #: 44
RE: How do you feel about the biggest bailout in US his... - 9/22/2008 6:43:40 PM   
MzMia


Posts: 5333
Joined: 7/30/2004
Status: offline
quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: MzMia

quote:

ORIGINAL: cloudboy


It would have been nice to see some kind of intervention two (2) to three (3) years ago. To me, it reflects a failure of government. You can't have the FOX guarding the henhouse and writing the regulations.

On the private side of the equation I see unethical and criminal behavior.


Isn't it funny that all of our McCain/Republican/Strong Bush supporters are not commenting on 
this issue?
I wonder if our McCain/Republican/Strong Bush supporters will start threads on this subject?
McCain/Bush Republican supporters, come out and play!
ollie, ollie, ox and free
 
 Economy : NPR


I noticed that too.

Especially those who have called Obama's proposed policies socialism seem strangely silent.

Imagine that!


It is odd that they are avoiding posting on this thread.
Maybe they just don't SEE it.
lol

_____________________________

Namaste'
To Each His/Her Own
"DENIAL ain't just a river in Egypt." Mark Twain


What's your favorite fetish?
"My partner's whisper"--bloomswell

(in reply to rulemylife)
Profile   Post #: 45
RE: How do you feel about the biggest bailout in US his... - 9/22/2008 9:33:00 PM   
caitlyn


Posts: 3473
Joined: 12/22/2004
Status: offline 		Well, obvious the bailout sucks ... right when I'm starting to pay some serious taxes.
 
But, it will be worth it if we can get off this kick of deregulating and removing government oversite of big business.

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the woman you stole.

(in reply to MzMia)
Profile   Post #: 46
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 7:04:07 AM   
UncleNasty


Posts: 1108
Joined: 3/20/2004
Status: offline
quote:

ORIGINAL: NeedToUseYou

I think it sucks, and they should let it crash. Little change will happen if they save the system. They will change some things, but not the core changes needed. That is the way. So, give them 700 billion now, in ten years, if that holds they will use the same game with a different name to create a 3 trillion dollar mess.

Fear is all that will allow this to happen. It's just like September 11th, all over again. They must pass it now, because the fear fades fast, and people would not allow this to happen during even headed times.

By the way the ones crying for this are the ones that created the problem. Fannie and Freddie were quasi federal/private corps. The Federal Reserve and Treasury, set the economy up for bubbles, and crashes.

I just wonder why anyone anywhere ever would trust these guys, they answer to banks, and that is who they are looking out for 100%. It has always been that way and it always will. The solution is to seperate government from business, and to highly regulate banks, but not actually enter business with them.



The name of the game is "Bailout" and it is played through many, many rounds. This what happens when the people loose control over the creation and issuance of "money" and credit.

As long as the game is played we will get more of the same. And this is just another round. It isn't new. The US citizen has been the "lender of last resort" since the Federal Reserve got its charter way back in 1913.

The only fix for this is to let the crash happen and to start over with a new monetary unit and system that is in the control of the citizens - us, you and me.

Uncle Nasty

(in reply to NeedToUseYou)
Profile   Post #: 47
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 9:06:25 AM   
Mercnbeth


Posts: 11766
Status: offline
~ Fast Reply ~
 
A country who cultivated failure, supported failure, rationalized an individual's reasons for failure, and rewards failure; now is reaping the harvest of failure. Businesses, individuals, bureaucracies; they all are waiting in the welfare line to get tax money. Waiting to be funded to continue their life of failure. Not being forced to change or consider a solution outside the box. The generation of entitlement, given an acceptable excuse of 'good intent', now expects their financial dirty diaper to be changed and cleaned for them as they whine as a result of the mess they created for themselves. 

Failing is a all it takes to get a Government check. The problem will be when the successes have been sucked dry - who will be left to fund future failures?

Businesses write business they know is bad, it turns out they were right; it was bad - they get tax money to bail them out. When bureaucracy produces no results over 25 years - they get more tax money.  When losers are given money to pay their mortgage on a house they couldn't afford in the first place - they get their mortgage payment paid by tax dollars from people who didn't buy a house they couldn't afford. The indication is that fail - you get money. Run your business and make a profit - that profit is taxed (and will be taxed more as promised by a Senator Obama Presidency) and given to failed businesses. More money is spent on bureaucratic failures such at the Department of Education. Based on today's news, if you haven't paid your mortgage - you win! Money is on the way from the conscientious people who, most likely, helped you move your boxes out of your 'slum' and into the overpriced house you couldn't afford.

PS - The reason the price of oil increased dramatically is not because of the increasing value of oil. It's caused by the decreasing value of the dollar.When losers are given money to pay their bills the everyone's money is worth less. 

(in reply to UncleNasty)
Profile   Post #: 48
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 9:14:14 AM   
kittinSol


Posts: 16926
Status: offline
quote:

ORIGINAL: Mercnbeth

A country who cultivated failure, supported failure, rationalized an individual's reasons for failure, and rewards failure; now is reaping the harvest of failure. <snip> Waiting to be funded to continue their life of failure. <snip>

Failing is a all it takes to get a Government check. The problem will be when the successes have been sucked dry - who will be left to fund future failures?



Are you saying this is a country of loosers  ?

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(in reply to Mercnbeth)
Profile   Post #: 49
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 9:34:06 AM   
Mercnbeth


Posts: 11766
Status: offline
quote:

ORIGINAL: kittinSol
quote:

ORIGINAL: Mercnbeth
A country who cultivated failure, supported failure, rationalized an individual's reasons for failure, and rewards failure; now is reaping the harvest of failure. <snip> Waiting to be funded to continue their life of failure. <snip>

Failing is a all it takes to get a Government check. The problem will be when the successes have been sucked dry - who will be left to fund future failures?

Are you saying this is a country of loosers  ?
It that really how you comprehended what I said or do you just like to see yourself post?

As long as the successful people still stick around and pay their taxes the losers benefiting from the entitlements will be funded by the US Government who has, as stated,  established an entitlement culture that cultivates, supports, rationalizes, and rewards failure.

(in reply to kittinSol)
Profile   Post #: 50
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 9:38:52 AM   
StrangerThan


Posts: 1515
Joined: 4/25/2008
Status: offline 		My feeling on it is that it's just been a matter of time. The folks who made the most out of the massive pool of potential money created when credit was loosened have been banking on the fact that when it came time to pay the bill, the government could not let a good portion of the economy fail. Kinda means they've been sitting around and waiting on you to step up as the taxpayer and pay for all the crap they helped create. In the meantime, they get to go lie around on beaches in warm sunny places, sipping on rum drinks with umbrellas in them. Yeah, a few will probably be prosecuted. After all, America is great at avoiding responsibility by finding a scapegoat to blame it all on.

The real question isn't how you feel about it now, but whether or not it will work. The Fed and others have been pumping billions into the black hole the market has become for months now. Usually things turn around for a short period. I kind of wonder if it takes that long to raid the billions back out of the system, but that's just my way of thinking. Even so, the downturn has continued and will if some real responsibility doesn't come into play.

(in reply to kittinSol)
Profile   Post #: 51
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 9:40:07 AM   
slvemike4u


Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline 		An article in the Times today has this excerpt from the proposed bailout bill...the so-called Paulson plan the Secretary is proposing..."Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion,and may not be reviewed by any court of law or any administration agency"...the article went on to liken this Act to the financial equivalent of the Patriot Act.
Paulson has been Secretary for 2 years and now seeks almost unlimited power and complete discretion ,with our money to fix the problem that reached crisis point under his watch...He is Wall Street through and through and as such is looking out for his own.Meanwhile the plan as suggested by the Republicans gives little or no relief to individual homeowners facing eviction...The concept of Too Big to Fail would seem to be convenient
Meanwhile all is silent on these fora from those who have warned that Obama is a socialist....well it would seem Republicans can mimic socialists quite well,as long as though profiting are already rich?

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If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4


(in reply to kittinSol)
Profile   Post #: 52
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 10:53:49 AM   
kittinSol


Posts: 16926
Status: offline
quote:

ORIGINAL: Mercnbeth

It that really how you comprehended what I said or do you just like to see yourself post?



Actually that's how it came across to me. Do you always react that unpleasantly when someone asks you to clarify a point  ?

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(in reply to Mercnbeth)
Profile   Post #: 53
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 11:09:49 AM   
slvemike4u


Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline 		Damm Kittin, now I can't edit my post...the line was.... those profiting are already rich....sorry Mike

_____________________________

If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4


(in reply to kittinSol)
Profile   Post #: 54
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 11:13:11 AM   
kittinSol


Posts: 16926
Status: offline 		Je ne comprends pas, Mike.

Must be my cheap foreign education  .

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(in reply to slvemike4u)
Profile   Post #: 55
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 11:16:58 AM   
slvemike4u


Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline 		At this point Kittin it would appear to be the domestic brand of education failing....namely mine.

_____________________________

If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4


(in reply to kittinSol)
Profile   Post #: 56
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 11:21:38 AM   
kittinSol


Posts: 16926
Status: offline 		I'd bail you out, but I don't want to be seen to be recompensing failure: promise you won't let me down, and I'll invest in you  .

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(in reply to slvemike4u)
Profile   Post #: 57
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 11:34:43 AM   
subtee


Posts: 5133
Joined: 7/26/2007
Status: offline
quote:

How do you feel about the biggest bailout in US history?


Queasy. Little feverish and like maybe I'm getting some hives. Itchy, you know. But mostly nauseous. Headachey. And then at nighttime I got that sniffling, sneezing, coughing, aching, fever so I can't rest thing.

I need a Sprite.

< Message edited by subtee -- 9/23/2008 11:35:19 AM >

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(in reply to MzMia)
Profile   Post #: 58
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 12:26:46 PM   
subtee


Posts: 5133
Joined: 7/26/2007
Status: offline 		...chirp...chirp...chirp

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Don't believe everything you think...

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Profile   Post #: 59
RE: How do you feel about the biggest bailout in US his... - 9/23/2008 12:28:15 PM   
Lucylastic


Posts: 40310
Status: offline 		Sends Subtee some nyquil and benedryl
amazing isnt it?
Lucy


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(in reply to subtee)
Profile   Post #: 60
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