Absolutely ****ing ridiculous. Once again the consumer is getting ****ed here. The banks get to screw people right and left and make huge profits but if they make bad decisions and lose money then the taxpayers get the burden.
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Absolutely ****ing ridiculous. Once again the consumer is getting ****ed here. The banks get to screw people right and left and make huge profits but if they make bad decisions and lose money then the taxpayers get the burden. -
Provided a great boost to the market today, probably only short term. Not out of the woods yet as far as the markets, and especially financials.Comment -
Its just tough having no clue huh picantel.Comment -
you must be a republicanOriginally posted by nosniboR11Comment -
picantel
The companies should definitely be left to hang.
Unfortunately, half of it started w/ Freddie Mae/Mac. The govt backed them implicitly, which got us in this mess to begin with. Either have it completely private (preferred) or completely govt-owned (less preferred), but nothing in between (the worst).Comment -
Boss of SEC Cox is overwelmed.Comment -
Yeah. He's a Republican and the worst kind. Only a sheep of the party would promote this move. It is socialism at its absolute worst. Sickening how some people can't comprehend this...Originally posted by picantelComment -
Here's the original lines of the old Marxist song, The Internationale (I learned it as a kid in NYC from a Socialist Workers Party girl I was going with):Originally posted by MonkeyF0cker
Arise, ye prisoners of starvation,
Arise, ye wretched of the earth!
For Justice thunders: "Condemnation!"
A better world's in birth.
Now here's the new Wall Street/Capitol Hill version:
ARISE, YE GLOBAL CORPORATIONS,
ARISE, YE WEALTHY OF THE EARTH!
FOR BAILOUTS ARE OUR LAST SALVATION
AND INCREASE OUR NET WORTH!Comment -
The young lady eventually increased her own net worth by later marrying one of the young med students who was in that Marxist party.
When he got out of school and set up practice they moved to the suburbs and got their piece of the American Dream.
A case where "ideology" got a girl a well-off lifemate.
Now, decades later, they probably vote the straight GOP ticketComment -
Figure out how how you can make money in this market, dont argue politics.Comment -
I thought BoA was a good play a few days ago, altho I imagine today the rise lifted that boat alsoOriginally posted by SlickFazzerComment -
Gold is still good, even at the "inflated" price.
All this money that was created out of thin air will be paid back with inflated money. Possibly approaching hyper-inflation.
Go into debt now, and pay back with cheaper dollars later.
Paying for these bailouts will be done, can only be done, via hyperinflation.
Bad times ahead, whoever gets the nod in NovComment -
I think I will go buy a dime of scratch off lottery tickets. If I win then I get to keep all the money. If I lose then I get my money back. To make it even more 'corporate' like I will buy the lotto tickets, beat the shit out of the cashier, steal another dime of lotto tickets, lose, and then get my money back. The republican way.Comment -
Gov't has been ordered to do anything to get us out of trouble, we are EXTREMELY CLOSE TO A MARKET COLLAPSE AND DEPRESSION but the gov't will not let it happen.Comment -
That is the truth of it and the little man is gonna pay for it all. Let us recap the Bush era. We are in the middle of 2 wars. Half the world hates us and the other half really hates us. We are about an inch away from world war 3. The economy is in shambles. Stock market is on the way down. Your bank account is no longer safe. Corporate greed has been given a green light and a pass. Homes are no longer affordable if you can even get a loan that is. The price of gas is outrageous and even with oil falling the investors will not let gas prices come down. Unemployment is on the rise bigtime. School systems are being shorted money because the state's budgets have been stripped bare. I could go on and on but most people with a brain get the point.Originally posted by jjgoldComment -
you might right, just read article about TENT cities popping up all over the country. like some 3rd world shit hole.Comment -
When the government did this before they took in not only bad debts but also assets. In this case the government i.e. taxpayers will take in only the bad debts leaving the banks with all their assets intact and no debt. Must be nice. To be fair maybe the government should wipe out all the credit card debt owed to these banks who are getting a free ride. It would only be fair.Comment
