To: Brazzmm22
This has long since gone beyond just being about mortgages. It’s about credit liquidity and keeping tens of thousands of small businesses that have nothing to do with home mortgatges from going belly up.
14 posted on
10/01/2008 10:43:37 PM PDT by
Hugin
(Mecca delenda est!)
To: Hugin
This is definitely an unfortunately situation for small businesses. Small businesses need short-term loans to conduct their day-to-day activities. It is ashame that this situation is affecting one of the basic foundations of our economy. Although this Congress is attempting to provide a solution to restore confidence to the banks so they will continue to provide the liquidity to small business, it is should not be done using our tax dollars.
To: Hugin
To: Brazzmm22
This has long since gone beyond just being about mortgages. Its about credit liquidity and keeping tens of thousands of small businesses that have nothing to do with home mortgatges from going belly up.
*******************************
That is exactly right.
Finally a voice of sanity in the sea of madness that is FR these days.
To: Hugin
I am far less concerned about what happens to my “small business” that I have been running for 12 years than I am about throwing the entire country down the drain supporting socialist ideals and taking away any hope of my grandchildren getting ahead because MY generation and that of my parents is too self-centered to accept hard times now that we caused on our own watch. What will the next generation say of us if we sell our country's soul AND its financial future down the river for what may or may not be a little more comfort in the short term?
And make no mistake about it, I am VERY worried about what happens to my business. But I am more worried about doing what is right. And supporting this “crap sandwich” is not right.
Show me a bill that doesn't steal from taxpayers, and I'll gladly support it. All I've seen so far is the same crap repackaged twice and renamed at least three times. All the changes to the earmarks and pork don't change the reason why I'm calling all the congress critters to fight this. It's SEVEN HUNDRED BILLION OF OUR MONEY. I'm not going to stop fighting until the another plan is brought forward.
26 posted on
10/01/2008 11:03:52 PM PDT by
Advil000
To: Hugin
This has long since gone beyond just being about mortgages. Its about credit liquidity and keeping tens of thousands of small businesses that have nothing to do with home mortgatges from going belly up. That needs repeating. Populist rhetoric about how things should work in a perfect world will not help this world.
39 posted on
10/02/2008 12:18:29 AM PDT by
Wilhelm Tell
(True or False? This is not a tag line.)
To: Hugin
This has long since gone beyond just being about mortgages. Oh, you are right about that. It's about a crisis that brewed up just a few days late to save Lehman, but just in time to rescue Goldman Sachs investments in AIG and to encourage Buffet to invest 5 billions in GS.
44 posted on
10/02/2008 4:15:50 AM PDT by
Notary Sojac
(I'll back the bailout if Angelo Mozilo lets me borrow his Lamborghini on Saturday nights.)
To: Hugin
The credit market was fine until the proposed bailout hit the street, then it dried up because the credit markets were waiting to see what Washington would do. So any businesses that go belly up can trace their demise to DC’s door.
48 posted on
10/02/2008 4:38:25 AM PDT by
saganite
(Obama is a political STD)
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