How does this work?
09-21-2008, 02:23 PM
#1
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How does this work?
Helicopter Ben and Hank P agree to fork over a friggin' trillion dollars of taxpayer money to bail out bad mortgages, hand over 70 billion to AIG along with the 50-100 billion (I can't even begin to keep track) to Freddie and Fannie-
Who is supposed to pay this crap back?
This is like going on a binge at a casino, losing a million dollars and having the house send you all your money back and then some as you go to check out.
Executives of these banks should be forfeiting assets and facing criminal charges, instead they are getting kickbacks and bonuses.
I won't even get into the trillion we've pissed away in the middle east...
Am I crazy for thinking this isn't right?
Who is supposed to pay this crap back?
This is like going on a binge at a casino, losing a million dollars and having the house send you all your money back and then some as you go to check out.
Executives of these banks should be forfeiting assets and facing criminal charges, instead they are getting kickbacks and bonuses.
I won't even get into the trillion we've pissed away in the middle east...
Am I crazy for thinking this isn't right?
09-21-2008, 02:44 PM
#2
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Helicopter Ben and Hank P agree to fork over a friggin' trillion dollars of taxpayer money to bail out bad mortgages, hand over 70 billion to AIG along with the 50-100 billion (I can't even begin to keep track) to Freddie and Fannie-
Who is supposed to pay this crap back?
This is like going on a binge at a casino, losing a million dollars and having the house send you all your money back and then some as you go to check out.
Executives of these banks should be forfeiting assets and facing criminal charges, instead they are getting kickbacks and bonuses.
I won't even get into the trillion we've pissed away in the middle east...
Am I crazy for thinking this isn't right?
Who is supposed to pay this crap back?
This is like going on a binge at a casino, losing a million dollars and having the house send you all your money back and then some as you go to check out.
Executives of these banks should be forfeiting assets and facing criminal charges, instead they are getting kickbacks and bonuses.
I won't even get into the trillion we've pissed away in the middle east...
Am I crazy for thinking this isn't right?
Responsibility... what a ****ing concept.
Obama is for it, figures; at least he's honest and upfront about it... McCain is "against" it... and then says he'd like to set aside a fund to "help" companies that are doing poor... I think that's called a bail out John
****ing bastard.
09-22-2008, 11:51 AM
#3
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Helicopter Ben and Hank P agree to fork over a friggin' trillion dollars of taxpayer money to bail out bad mortgages, hand over 70 billion to AIG along with the 50-100 billion (I can't even begin to keep track) to Freddie and Fannie-
Who is supposed to pay this crap back?
This is like going on a binge at a casino, losing a million dollars and having the house send you all your money back and then some as you go to check out.
Executives of these banks should be forfeiting assets and facing criminal charges, instead they are getting kickbacks and bonuses.
I won't even get into the trillion we've pissed away in the middle east...
Am I crazy for thinking this isn't right?
Who is supposed to pay this crap back?
This is like going on a binge at a casino, losing a million dollars and having the house send you all your money back and then some as you go to check out.
Executives of these banks should be forfeiting assets and facing criminal charges, instead they are getting kickbacks and bonuses.
I won't even get into the trillion we've pissed away in the middle east...
Am I crazy for thinking this isn't right?
we are screwed!!!!
09-22-2008, 02:31 PM
#8
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Pete, I'm right there with ya. I just got done ranting to one of my co-workers for like an hour. This sooo f'd up. For those pointing fingers, and riding different band wagons, this is no time for he said, she said. They are all to blame and not a single one of them has a solution. The feds should have responded more appropriately to the "free market" after enron. Years later were're right back in the same situation just a different sector. Congress is useless. They're too worried about being reelected to address this until after the election. Too worried about tarnishing the other sides reputation. I hate all of these bastards... DIAMFF!!!!
09-23-2008, 12:43 AM
#9
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why help a company that seemed to have infinite resources and enough smart business sense to keep a float but still some how could not manage it.
something tells me... maybe they were meant to go ****ing under.
they will back these businesses with billions while the next generation of students can barely ****ing afford school. what a bunch of bull****.
something tells me... maybe they were meant to go ****ing under.
they will back these businesses with billions while the next generation of students can barely ****ing afford school. what a bunch of bull****.
09-23-2008, 06:36 AM
#10
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Here is a fairly decent explaination of why it is (probably) necessary, as painful as it may be.
http://freakonomics.blogs.nytimes.co...ial-upheavals/
http://freakonomics.blogs.nytimes.co...ial-upheavals/
09-23-2008, 08:05 AM
#11
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Here is a fairly decent explaination of why it is (probably) necessary, as painful as it may be.
http://freakonomics.blogs.nytimes.co...ial-upheavals/
http://freakonomics.blogs.nytimes.co...ial-upheavals/
When they use wording like this:
"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."
You just know major crimes are going to be committed.
Until the executives who made the bad decisions leading to this "crisis" are held accountable and responsible for their bad decisions, there is nothing to keep them from bleeding this entire country into a depression that will make the 1930's look like a walk in the park.
http://en.wikipedia.org/wiki/Gambler%27s_conceit
pretty well sums up my expectations....
We are collectively ****ed.
Last edited by psoper; 09-23-2008 at 09:57 AM.
09-23-2008, 08:13 AM
#12
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Until the executives who made the bad decisions leading to this "crisis" are held accountable and responsible for their bad decisions, there is nothing to keep them from bleeding this entire country into a depression that will make the 1930's look like a walk in the park.
We are collectively ****ed.
We are collectively ****ed.
This will have a very profound effect on the US and I do not see an easy solution.
Let's take our lumps now & get it over with.
09-23-2008, 10:13 AM
#13
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We shouldn't have any "lumps" to take! the people who need to take their lumps are instead taking from us "lump sums".
This is the largest outright theft through regressive redistribution of wealth in the history of mankind and the bastards are going to get away with it...
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