Posts
2295
Joined
4/1/2008
Location
Clovis, CA
US
Edited Date/Time
1/25/2012 3:45pm
This whole bail out reminds me of the saying, " We are from the government and we are here to help..."
I don't believe it for a moment.
I don't believe it for a moment.
At this point , there is no choice unless you want life as we know it to slowly grind to halt.
Why aren't we teaching grade school and high school kids how about simple money matters and how markets work? I'm sure they all know about all manner of social issues but they don't know anything about accounting or even balancing a checkbook. Recipe for the disaster we have now. Wall Street has turned into something between a Pyramid scheme and Vegas. We can't buy our way out of this mess and 700 billion is nothing. It's not even close its kinda like buying a guy lunch and figuring that will turn his financial life around.
The last thing I want is the crooks that caused this mess now getting into my wallet any further. This country will survive, with any luck the trash that caused this will not.
A free market economy is like musical chairs......it's a zero sum game......for somebody to win, somebody has to lose. When the music stops.......the fucker without the chair goes tits up. This time, the music stops......and all the investment bankers get a chair.......the only one left standing is the Taxpayer.
Really, come on...........the entire infrastructure of the US is crumbling......from bridges to highways, to sewer and water systems. Let the market correct, eliminate the chafe........let the FSI crumble. When the economy slows......even goes into a depression.........dump 500 billion into infrastructure programs.....it'll put people back to work, and the effects of that will trickle upward.........and drive an economic recovery.
Fuck.........Hoover Dam had as much to do with America's post depression recovery as Social Security and the FDIC.
That approach would at least provide a real and lasting value for the taxpayer.........instead of the intangible and largely misplaced claim of a return at some future point on mortgage backed derivatives.
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"The same folks who burned the Thanksgiving turkey want to cook us Christmas Dinner."
"there is no free lunch"
"don't spend more than you make"
"save some for a rainy day"
"when you let someone else do your job, pretty soon it's theirs"
"what goes up must come down"
They've already learned the lesson in this. We just didn't listen to them.
I hate this thing, but the way it has been presented by the President it's this or nothing. If you don't like the way it's going down, don't elect another president like the one we have now. This is his show, his game, his last hurrah.
The Messiah gets money from Mortgage Giants
Pit Row
Give it up. McCain's entire campaign has been run by lobbyists from day one - many of them working without being paid for a long time when he ran out of money last year. My guess is that they are working for "future considerations'. You know for sure that's the case between Freddie Mac and Rick Davis.
Need more people like you in this country when it comes to finances and accountability.
Ive heard about wiping out peoples savings. Isnt the average American savings rate something like -.2%?
Ive heard that people wont be able to borrow for their childerns college tuition. What ever happened to college funds started when a child was, well a child? And what ever happened to working your way thru college? Maybe this will force colleges to drop their tuition rates which have skyrocketed in recent years.
Ive heard that people wont be able to borrow money to buy new cars. How many people really I mean REALLY need a new car? And besides with Car/Truck sells so far off many people will be able to pay cash
If indeed this thing is real then the ones making most of the noise are the ones with the most to lose. Maybe thats why I dont give a shit
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