RE: How do you feel about the biggest bailout in US history? (Full Version)

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TheUtopian -> RE: How do you feel about the biggest bailout in US history? (9/24/2008 12:12:34 AM)

quote:

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

My feelings are very simple :  If it were up to me and I could get away with it, I would figure out a way to put the whole administration as well as most of the democrats and republicans and Wall Street hierarchical structure on a few planes - and then fly those planes and land them on a remote soccer field in Afghanistan. And then I'd hand every single one of them over to the Taliban, and then fly back to the US and sleep like a baby later that night knowing that I just did America a huge favor.

Other than that - There's been a few good assessments here....and the only thing I would disagree with, is the amount regarding the derivatives. It's my feeling that the amount is closer to 1-11/2 quadrillion as compared to the understated 400-700 trillion that's being reported by the likes of Fox news and various other networks.

I sent out a total of twelve faxes today to Obahma, McCain, Biden, Palin, Pelosi  and various Oregon senators and representatives urging them to oppose the bailout.





- R




Vendaval -> RE: How do you feel about the biggest bailout in US history? (9/24/2008 12:14:37 AM)

Good for you, Ranger!  [sm=applause.gif]




pahunkboy -> RE: How do you feel about the biggest bailout in US history? (9/24/2008 5:32:14 AM)

Wellll!

I for one do not negotiate with terrorists




bipolarber -> RE: How do you feel about the biggest bailout in US history? (9/24/2008 5:36:53 AM)

Well, Utopian, I just hope in your emails you were a little more accurate in your orders of financial magnitude, and watched your spelling of the candidates names. [&:]




tsatske -> RE: How do you feel about the biggest bailout in US history? (9/24/2008 5:42:40 AM)

quote:

Wellll! I for one do not negotiate with terrorists


Yes. Yes you do.




pahunkboy -> RE: How do you feel about the biggest bailout in US history? (9/24/2008 5:46:34 AM)

tsat, LOL.

consider this.  a mutual fund charges a 1% -2.5% annual fee- and possibly a redemption fee.  The point is wall street always get a cut.

So 700 bn.  =  7bn if the fee is 1%   21bn if the fee 2.5%

lets take 7 billion. what could you city buy with that?




pahunkboy -> RE: How do you feel about the biggest bailout in US history? (9/24/2008 5:56:40 AM)

http://www.roguegovernment.com/news.php?id=12040

-- a view FROM Main street




pahunkboy -> RE: How do you feel about the biggest bailout in US history? (9/24/2008 6:07:45 AM)

also- isnt it nice that we are not owed an apology? 




TheUtopian -> RE: How do you feel about the biggest bailout in US history? (9/25/2008 12:14:18 AM)

quote:

ORIGINAL: bipolarber

Well, Utopian, I just hope in your emails you were a little more accurate in your orders of financial magnitude, and watched your spelling of the candidates names. [&:]



No offense there, hoss, but whose numbers do you suggest I go with? Would it be Cramer's, Cavuto's, Paulson's  or Shalom's? [8|]





- R




popeye1250 -> RE: How do you feel about the biggest bailout in US history? (9/25/2008 12:41:50 AM)

As one of the conditions of any "bailout" or more likely "loan" or "loan with an equity position, those firms on Wall Street should be made to fire the top 20% of management.
That way we don't have the same idiots that got us into this mess in charge all over again.
It should be very obvious to everyone by now that we just can't have "business as usual."
Whenever I hear the saying, "Big business and government partnering together" I know it really means, "The Taxpayer's going to get screwed again!"




felixfelicis -> RE: How do you feel about the biggest bailout in US history? (9/25/2008 6:49:02 AM)

“This means that $700 billion is NOT the cost of this dangerous legislation, it is only the amount that can be outstanding at any one time. After, say, $100 billion of bad mortgages are disposed of, another $100 billion can be bought. In short, these four little words assure that there is NO LIMIT to the potential size of this bailout. This means that $700 billion is a rolling amount, not a ceiling.”

http://www.chrismartenson.com/blog/what-latest-bailout-plan-means/5149




DesFIP -> RE: How do you feel about the biggest bailout in US history? (9/25/2008 11:09:08 AM)

I don't care if a CEO loses his job. I do care about the mail room clerks, secretaries, etc that can't survive.
I don't care that Lehman's isn't any more. I do care about the people who had investments there who suddenly found that their brokers filled their account with Lehman stock which is now worthless.

I don't care if a mortgage broker firm goes out of business. I do care about what happens to the people who now have no homes.

I live in an area where IBM used to be the major employer. Overnight they closed a dozen plants employing tens of thousands of people who had worked on mainframes. I've seen the results when that happened. Everyone else's house was worth less because of the glut of foreclosures. Extra programs at schools ended because of the need to buy suddenly impoverished students meals, school materials etc. Alcohol abuse, drug abuse, spousal and child abuse rates skyrocketed. Police services and emt services needed more money. Therefore town programs like once yearly big item garbage pickup ended. So did removal of dead deer from the roadways, now they get pushed to the side to wait for an overfed vulture to make an appearance.

Destabilizing a neighborhood, or a nation is not a good idea. 




sunshinemiss -> RE: How do you feel about the biggest bailout in US history? (3/18/2009 1:37:08 PM)

I'm bringing this one back cause I'm so mad about it.

http://news.bbc.co.uk/2/hi/business/7950452.stm

Maybe the IRS needs to go knocking on the doors of AIG execs - the ones who approved the bonuses and the ones who accepted them.




DomImus -> RE: How do you feel about the biggest bailout in US history? (3/18/2009 4:09:00 PM)

quote:

ORIGINAL: MzMia
I am surprised I don't see a thread on this topic.
Okay, here it goes.

The government needs to vote ASAP, about approving the biggest
bailout in U.S. history.
All indications show, the bailout needs to happen this week.
Our economy is in such BAD shape, that waiting 2 weeks might be too late!
The Congressional Democrats are presenting demands that they want put on
the "bailout".
The demands appear to be reasonable and I don't see forking over 700 Billion
dollars, without demands!

Democrats Present Demands for Bailout Plan - washingtonpost.com

I am not happy about the bailout, but I would be unhappier without the bailout!
How do you feel about the biggest bailout in U.S. history?



Now it's six months later and we are seeing that the September bailout was pretty much the boondoggle that the naysayers warned it would be and yet we will not listen to the naysayers about the stimulus package.

See you in six months.





MzMia -> RE: How do you feel about the biggest bailout in US history? (3/18/2009 7:19:25 PM)

At this point, there appears to be no end in sight.
In 6 more months, I am scared to think how things might be.
 
At what point will we begin to see the thousands, if not millions of jobs the bailout should
help produce?




ienigma777 -> RE: How do you feel about the biggest bailout in US history? (3/19/2009 10:11:39 AM)

I'm angry as well......and angry at a system in what could have been the greatest country the world has ever seen.....for not having a health care system in place.
No; 'don't get sick' is not a health care system.

And...youve got to consider...who brought all this about.




UncleNasty -> RE: How do you feel about the biggest bailout in US history? (3/19/2009 10:18:31 AM)

quote:

ORIGINAL: DomImus

quote:

ORIGINAL: MzMia
I am surprised I don't see a thread on this topic.
Okay, here it goes.

The government needs to vote ASAP, about approving the biggest
bailout in U.S. history.
All indications show, the bailout needs to happen this week.
Our economy is in such BAD shape, that waiting 2 weeks might be too late!
The Congressional Democrats are presenting demands that they want put on
the "bailout".
The demands appear to be reasonable and I don't see forking over 700 Billion
dollars, without demands!

Democrats Present Demands for Bailout Plan - washingtonpost.com

I am not happy about the bailout, but I would be unhappier without the bailout!
How do you feel about the biggest bailout in U.S. history?



Now it's six months later and we are seeing that the September bailout was pretty much the boondoggle that the naysayers warned it would be and yet we will not listen to the naysayers about the stimulus package.

See you in six months.




Truth and fact almost always loose out to positive spin and distraction.

Naysayers are written off as kook and nuts.


Uncle Nasty




LaTigresse -> RE: How do you feel about the biggest bailout in US history? (3/19/2009 11:50:20 AM)

There was a great article recently by Warren Buffet in Newsweek that explains perfectly how I feel about this whole mess.

We will survive it.

Stupided down version...
Stupid people that got stupid loans, lost and will lose, stupidly over priced houses. Stupid companies that loaned those stupid people money are sucking up our stupid future tax dollars. Stupid people that were employed with stupid companies are losing, or going to lose, their stupidly over paid jobs. A lot of less stupid people are also going to suffer because of a few stupid people.

We will survive it.




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