The average american is getting screwed.

[pico]

the 700 billion bailout is pretty much going to the pockets of shareholders and creditors. Those are the people who have power in Washington.

If this is a good gov who actually look out for the interest of its citizens, then the gov should let these financials fail and use the 700 billion to purchase the financials in liquidation...pennies on the dollar for example. some people will lose their jobs, but most of them will be working interm for the gov. once wallstreet raise enough capital again, they can buy these financials back from the gov at a profit.

right now, the money is going to the pockets of greedy bankers. they said it is a loan, but they're not counting on getting any of it back.

they're talking about increasing the debt ceiling from 10 trillion to 11 trillion.

[pico]

the economy will not collapse...just bunch of wealthy people losing their net worth.

[pico]

[Panic]

Could this not have gone in your 700 billion thread you just started?

[pico]

no

[Panic]

Okay, pal. Knock yourself out.

[nosniboR11]

Pico, go crazy ok, you would understand this if you had actually done something with your life, like go to college.

[pico]

college is overrated

[element1286]

I agree Pico it is a joke, the government has no business doing this.

[pico]

I agree Pico it is a joke, the government has no business doing this.

gov is using tax payers money to make sure the wallstreet creditors are still net worth positive.

it is like a degenerate gambler lost everything and owing bunch of money asking for daddy for bail out so the bookies won't kill him.

i'd say, they need to learn a lesson.

[element1286]

gov is using tax payers money to make sure the wallstreet creditors are still net worth positive.

it is like a degenerate gambler lost everything and owing bunch of money asking for daddy for bail out so the bookies won't kill him.

i'd say, they need to learn a lesson.

Yep, it actually awards poor business practices, and I would love for these guys to learn a lesson.

[goldengoat]

i don't know much in depth on this issue but my first reaction is that these pukes should not be bailed out. their greedy decisions caused them to fail so too bad so sad. the country will survive.

[FreeFall]

yes but if you "teach them a lesson", like they even care to learn it they just want money, then the average joe is the one losing. There money will be taken from them.

[element1286]

yes but if you "teach them a lesson", like they even care to learn it they just want money, then the average joe is the one losing. There money will be taken from them.

I don't understand what you mean.

[pico]

I don't understand what you mean.

haha. same here. i think he might be drinking before the kickoff

[pico]

this is all scare tactics. gov can open up credit windows for small businesses rather than bailing out the greedy bankers.