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SRiC Specific: Bailout/Wallstreet Catastrofail Discussion thread

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Old Sep 29, 2008 | 01:13 PM
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Originally Posted by irrational x
companies failing is not the issue.


lack of credit is.
so lack of credit =/= failure of old business that partook in risky and possibly illegal activities?
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Old Sep 29, 2008 | 01:14 PM
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SRiC Specific: Bailout/Wallstreet Catasrofail Discussion thread
split the posts / threads here?
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Old Sep 29, 2008 | 01:14 PM
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HOT DAMN!

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Old Sep 29, 2008 | 01:15 PM
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Originally Posted by Mr. Xevious
so lack of credit =/= failure of old business that partook in risky and possibly illegal activities?
yes. but how will these "new companies" of which you speak succede without available capital
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Old Sep 29, 2008 | 01:17 PM
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Originally Posted by irrational x
yes. but how will these "new companies" of which you speak succede without available capital
maybe people that are liquid and can afford new business ventures?
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Old Sep 29, 2008 | 01:20 PM
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Originally Posted by Mr. Xevious
maybe people that are liquid and can afford new business ventures?
that would be the few remaining financial institutions. this does not help anyone, all it does is allow for consolidation of wealth and financial assets among the largest banks. which is what caused this problem in the first place.
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Old Sep 29, 2008 | 01:21 PM
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effectively this doesn't help competition it kills it completely
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Old Sep 29, 2008 | 01:23 PM
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Originally Posted by irrational x
effectively this doesn't help competition it kills it completely
but if that's what the market dictates, then isn't that whats best for the economy?
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Old Sep 29, 2008 | 01:24 PM
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Originally Posted by Mr. Xevious
but if that's what the market dictates, then isn't that whats best for the economy?
probably
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Old Sep 29, 2008 | 01:38 PM
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777 points down

no vote till wednesday (not that its going to fix anything right away)

this is not good
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Old Sep 29, 2008 | 02:13 PM
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Better now than later.
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Old Sep 29, 2008 | 02:16 PM
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Old Sep 29, 2008 | 02:17 PM
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Gimme My Penny
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Old Sep 29, 2008 | 02:18 PM
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Originally Posted by irrational x
that would be the few remaining financial institutions. this does not help anyone, all it does is allow for consolidation of wealth and financial assets among the largest banks. which is what caused this problem in the first place.
Yeah, this seems to be what I've been worried about.

Especially with JP Morgan Chase buying up seemingly every bank that's faltering.
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Old Sep 29, 2008 | 02:27 PM
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WE ARE ALL GOING TO DIE~!!

AND i'M LOOTING
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