Bailout or no Bailout

[chainsnuser]

Empire is empire

This applies for all developed countries, who give "foreign aid". Ever wondered why Germany is such a big spender in that regard?
Besides of that, in this special case I also don't think there's a single country in the world that hasn't paid everything back to the U.S. in this way (as a direct payback) or the other (letting U.S.-companies exploit the country and it's people). As I said, this applies for all developed countries, not only the USA.

Back to topic: A bailout followed by an overdue consolidation of the U.S. economic policy is the only option I guess. But yeah, let the responsible people go to jail - and if not possible let them serve in Iraq or Afghanistan (etc.) for at least some years - as simple infantry soldiers, of course, not hanging around in an officers' club, smoking cuban cigars.

Cheers!

[Slydel]

The problems were caused by the legislators. Banks that did not give risky loans...aka subprime loans were not allowed to expand. The CEOs of these banks were more than happy to allow these loans because it made their banks look that much fatter. They could reap more rewards because of it. I read in the WSJ about a 90+ investor who said that it would take years for the problem to be fixed because banks would be too scared to offer regular loans for quite some time out of fear. Lower the Fed rate as much as you want, it does not mean that it will translate to lower loan levels for banks or consumers. The housing bubble, as shown by many, will take as much time to go back to where it should be. The bigger the bubble the longer it takes. If it took 7 years for the bubble to be created it will take 7 years for the market to settle. How long had this bubble been in the works? This has been shown time and again. The US and the world economy is screwed for many years to come, bail out or not. Anyone look at the level of the US markets from 1960 to 1980? What a piss poor increase for 20 years, yet we are led to believe that the stock market is the only place to make money. How would you like to try to retire with a that sort of return over 20 years?

[Mongrul]

This mess was in the works before GW got in office but I'm thinkin this bailout will really screw things up. Its his administration that seemed to encourage it [rather than work on fixing it] and now hes gonna finish us off before he steps down.

This crap started with Carter, and was made worse by Clinton. Bush's biggest failing is he left too many Clintoonistas in their jobs, then hired more! Dear Leader Paulson is a liberal Dem, the clowns in congress who shot down the reforms Bush tried to pass, were libs. The same bunch of libs shot down McCains attempt. Without a 60 vote majority in the Senate, there wasn't much they could do. It was more important to provide loans to those who should have been renting than it was to keep our financial system sound though free market forces and common sense lending practices. Stupid requirements like "Hey, do you make enough to make your loan payments"?!?!!? Those who scream about not enough regulation are dead wrong. There was too much regulation requiring companies to give crappy loans to people who couldn't afford it. Thats just the tip of the iceberg. Once that money train started down the track, everyone jumped on board. How many of you sold a house 3 or 4 years back for double or triple what you paid, then turned around and bought a bigger one with no money down and an interest only loan?? I was easy money. Now it's true that most of us pay our mortgages on time, but many did not, or now can't afford too because of the interest rate hikes and the fact that the bottom fell out of the market. What makes me sick is the same jackasses who caused this to happen in the first place, and blocked legislation to try to get it under control, are same ones you see on the idiot box proclaiming that the Government now has to buy up all this trash, and it's all Georges Bush's fault!! Bullshit!! Follow the money, it leads straight to the culprits. (Dodd, Obama, Shumer, Frank, and friends) You can check the videos of these jerks talking about how wonderful everything was on You Tube if your really interested in finding out what happened.

[Starcadia]

Yeah, that sounds like unbiased and reliable information. :roll:

[Mongrul]

Go check it, it's out there.

[Grim]

Anyone hear on the news about the first meeting late in september about the bail-out.

The democrats said they would only support it if they could get 20 Billion dollars to donate to their choice of left wing groups.

When they didnt get their way nancy Pilosi spoke at the house and basically swayed opinions and thats why it wasnt passed the first time.

Saw it on CNN last night.

Gotta love the American "Way"

[Starcadia]

An informative radio show about the current situation (unbiased, as far as I can tell):

This American Life, Episode 365

[Zero]

^ Amazing how the internet works. I just listened to this yesterday. :lol: I agree that it's quite good and reasonably unbiased.

[Starcadia]

^ Amazing how the internet works. I just listened to this yesterday. :lol: I agree that it's quite good and reasonably unbiased.

What's your feeling on the stock injection aspect? I looked it up after listening because it seemed to be a little bit of good news among so much bad news, but there seemed to be some conflict with reality. Can't completely trust information these days.

[Mongrul]

Comedy injection. SNL did a skit that poked fun at Nancy, Barney, Bush, etc. NBC pulled it..... But you can see it here.

http://www.moonbattery.com/ Oct 7, 2008.

[Mongrul]

Don't copy Oct 7 part. Sorry.

[Starcadia]

Also funny is how Ann Coulter failed at life as a man and as a woman.

[Jason]

http://www.foxbusiness.com/story/mar...tting-bailout/

mmmkay....