SRiC Specific: Bailout/Wallstreet Catastrofail Discussion thread
I'm pretty sure we should worry. The FED is going to place a bandaid on the situation, and hope that the wound heals instead of gets worse... but the way people gamble with the market for money, I highly doubt this 700BIL plan will work. Paulson used to be the Chair of Goldman Sach's and made 500 mil of TAX FREE money before he bounced.
Section 8 of Paulson's Plan reads... and I quote:
"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 administrative agency."
For all you people who suck at comprehending stuff, that means no one can challenge his authority upon ALL his decisions. In addition, this guy is one of the creators of this housing bubble, he knew how to cash out on it and he did. He's one of the two who drafted this to get this 700Bil plan.
Now if he made money off Goldman Sach's... what would he do with 700Billion in his control without a check to balance him?
We're gonna put the Arsonist to judge everything at his own crime scene. This obviously doesn't make sense.
Ladies and Gentlemen, the public of the United States...
http://www.youtube.com/watch?v=MO6P_yjKFR4
Let the truth set you free.
Section 8 of Paulson's Plan reads... and I quote:
"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 administrative agency."
For all you people who suck at comprehending stuff, that means no one can challenge his authority upon ALL his decisions. In addition, this guy is one of the creators of this housing bubble, he knew how to cash out on it and he did. He's one of the two who drafted this to get this 700Bil plan.
Now if he made money off Goldman Sach's... what would he do with 700Billion in his control without a check to balance him?
We're gonna put the Arsonist to judge everything at his own crime scene. This obviously doesn't make sense.
Ladies and Gentlemen, the public of the United States...
http://www.youtube.com/watch?v=MO6P_yjKFR4
Let the truth set you free.
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I'm pretty sure we should worry. The FED is going to place a bandaid on the situation, and hope that the wound heals instead of gets worse... but the way people gamble with the market for money, I highly doubt this 700BIL plan will work. Paulson used to be the Chair of Goldman Sach's and made 500 mil of TAX FREE money before he bounced.
Section 8 of Paulson's Plan reads... and I quote:
"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 administrative agency."
For all you people who suck at comprehending stuff, that means no one can challenge his authority upon ALL his decisions. In addition, this guy is one of the creators of this housing bubble, he knew how to cash out on it and he did. He's one of the two who drafted this to get this 700Bil plan.
Now if he made money off Goldman Sach's... what would he do with 700Billion in his control without a check to balance him?
We're gonna put the Arsonist to judge everything at his own crime scene. This obviously doesn't make sense.
Ladies and Gentlemen, the public of the United States...
http://www.youtube.com/watch?v=MO6P_yjKFR4
Let the truth set you free.
Section 8 of Paulson's Plan reads... and I quote:
"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 administrative agency."
For all you people who suck at comprehending stuff, that means no one can challenge his authority upon ALL his decisions. In addition, this guy is one of the creators of this housing bubble, he knew how to cash out on it and he did. He's one of the two who drafted this to get this 700Bil plan.
Now if he made money off Goldman Sach's... what would he do with 700Billion in his control without a check to balance him?
We're gonna put the Arsonist to judge everything at his own crime scene. This obviously doesn't make sense.
Ladies and Gentlemen, the public of the United States...
http://www.youtube.com/watch?v=MO6P_yjKFR4
Let the truth set you free.
try reading the updated versions of the bill before posting
edit: found the clip........watch this iloqin http://www.youtube.com/watch?v=Yz7juIgkevA
Last edited by skimonkey30; Sep 30, 2008 at 08:29 PM.
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I'm pretty sure we should worry. The FED is going to place a bandaid on the situation, and hope that the wound heals instead of gets worse... but the way people gamble with the market for money, I highly doubt this 700BIL plan will work. Paulson used to be the Chair of Goldman Sach's and made 500 mil of TAX FREE money before he bounced.
Originally Posted by iLoqin
Section 8 of Paulson's Plan reads... and I quote:
"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 administrative agency."
"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 administrative agency."
that got cut faster than a jewish boys wangis
Originally Posted by iLoqin
For all you people who suck at comprehending stuff, that means no one can challenge his authority upon ALL his decisions.
Originally Posted by iLoqinIn
addition, this guy is one of the creators of this housing bubble, he knew how to cash out on it and he did. He's one of the two who drafted this to get this 700Bil plan.
Originally Posted by iLoqin
Now if he made money off Goldman Sach's... what would he do with 700Billion in his control without a check to balance him?
Originally Posted by iLoqin
We're gonna put the Arsonist to judge everything at his own crime scene. This obviously doesn't make sense.
Originally Posted by iLoqin
Ladies and Gentlemen, the public of the United States...
http://www.youtube.com/watch?v=MO6P_yjKFR4
Let the truth set you free.
http://www.youtube.com/watch?v=MO6P_yjKFR4
Let the truth set you free.
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hey i loqin... ive got some fun paulson facts for you:
paid 500m as CEO of GS huh?
guy sure sounds like a dick to me.
His compensation package, according to reports, was US$37 million in 2005, and US$16.4 million projected for 2006.[9] His net worth has been estimated at over US$700 million.
As an environmental leader and philanthropist, Paulson while at Goldman Sachs, oversaw the corporate donation of 680,000 forested acres on the Chilean side of Tierra del Fuego, which led to criticisms from Goldman shareholder groups. He further donated US$100 million of assets from his wealth to conservancy causes. He pledged his entire fortune for the same purpose at death. He has also been considered someone who can influence world and business leaders to think beyond the bottom line.
guy sure sounds like a dick to me.
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I work with lending institutions everyday; without some kind of government assistance, even people with good credit will not be able to get loans. No new loans = no movement of money = job loss at every level. I DO NOT want to spend our tax dollars frivolously. I think there needs to be upfront disclosure on who is going to be "bailed out". There needs to be a structure of government repayment that needs to be established before anyone will agree to a bailout.
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interesting thought to raise moneys.
http://sports.yahoo.com/blogs/post/M...urn=top,111671
Yahoo Sports
.....Oh, and one other thing -- Ms. Sharapova took in $26 million last year, making her the world's best-paid female athlete. That means that for her, a $10,000 bid is the equivalent of getting taken out for a McDonald's Extra Value Meal. She's lovin' it!
Now, in auctioning off the mealtime services of a beautiful athlete, some may see crass, thinly-veiled sexism. Me, I see opportunity. We've got ourselves a bit of a financial crisis in America these days, right? Well, if Ms. Sharapova is willing to let herself go for a mere ten large, how much do you think Tom Brady could fetch? Natalie Gulbis? Dale Earnhardt Jr.? Derek Jeter?
Time to think outside the box here, people. We've given our athletes so much -- is it so wrong to ask them to start giving back in return?
.....Oh, and one other thing -- Ms. Sharapova took in $26 million last year, making her the world's best-paid female athlete. That means that for her, a $10,000 bid is the equivalent of getting taken out for a McDonald's Extra Value Meal. She's lovin' it!
Now, in auctioning off the mealtime services of a beautiful athlete, some may see crass, thinly-veiled sexism. Me, I see opportunity. We've got ourselves a bit of a financial crisis in America these days, right? Well, if Ms. Sharapova is willing to let herself go for a mere ten large, how much do you think Tom Brady could fetch? Natalie Gulbis? Dale Earnhardt Jr.? Derek Jeter?
Time to think outside the box here, people. We've given our athletes so much -- is it so wrong to ask them to start giving back in return?
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I work with lending institutions everyday; without some kind of government assistance, even people with good credit will not be able to get loans. No new loans = no movement of money = job loss at every level. I DO NOT want to spend our tax dollars frivolously. I think there needs to be upfront disclosure on who is going to be "bailed out". There needs to be a structure of government repayment that needs to be established before anyone will agree to a bailout.
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From: trunk monkey
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I'm optimistically hoping for more conviction from them, but the way it has been handled, you're probably right.
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From: trunk monkey
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I want to agree with you, because I don't want to be 11+trillion in debt. The problem is, no one can buy a WRX cash, even if they had the money to do so they don't. No one in thier right mind will finance a car at 20%, but that might be the only alternative when banks fold. The banks that make it will raise the price of money. Credit cards, corporate loans, everything. I know you probably have a great pipeline of work, because I hear you do quality (reach around included) work, but if there is a 5-10 year period where people with good credit aren't buying cars you and I will be affected.