Posted on 09/25/2008 5:12:03 PM PDT by GreyWolf
Krauthammer just said on FNC that if the "bailout" is not resolved tonight, the market will vote at the opening bell Friday.
Bump Dat!...
http://www.freerepublic.com/focus/f-news/2090758/posts
Another thread,,,
Mo’Muny,Mo’Muny,Mo’Muny,Mo’Muny~~~BULLSH!T!!!
Burn It!!!
We’re having that debate here Jim. I love making new friends. :-}
Explain to the econ prof that the money they're talking about (the bailout) is enough to give over $400,000 to every man, woman, and child in the United States.
Yes, you read that right. $400,000 for you - and $400,000 for each of your kids.
Now it seems to me that if they're telling the truth that this about "housing" ( and I don't believe for a second that that's the real problem) that $800,000 for every couple in the US would go a long way toward paying the mortgage.
The current system bails out the bad actors, punishes the responsible bankers and sticks us with the bill. Think about it. You and the kids - your share would be over a million dollars... and you want us to rush and give that to Wall Street multimillionaires who lost a few bets? Gimme a break.
How are you getting that? The $700B bailout divided by 300M people comes out to $2,333 per person, doesn't it?
Equity vs. Money market, with the latter in big trouble, an important disctinction that bears repeating.
Thanks.
Paulson’s is a regular cash bailout in essence, to be used to buy up the (near) worthless paper.
House Pubbies have proposed that Uncle Sam institute a form of insurance such that the private sector can buy up the junk with Uncle Sam potentially offering some loss protection.
If I’m wrong feel free to correct me !
> We’re screwed. Save what we can before there is a run on the banks and we are in a full fledged depression. Im not exaggerating.
Maybe we are, but I think you are looking too short term. The roaring 20’s was a time of moral decadence, Wall St. greed, poor regulation. The depression destroyed many lives, but America survived and came out better for it in the 40’s 50’s and beyond.
I figure we’re screwed whether the bailout proceeds or not. We have just amassed too much debt to not get screwed. But freedom is often sacrificed in times of crisis, and I do not support sacrificing American freedom on the altar of socialism.
When eastern Europe became free from the yoke of the soviets, we conservatives sat here and lauded the Polish “shock therapy” (i.e., cold turkey) approach to reform, rather than socialism lite that some other countries favored. It may be time for America to take some of that same medicine for its own ills.
Me thinks, that a blood bath will definitely teach some hard lessons about what NOT to do in the mortgage/banking system, along with the proof that the oversight system in place is antiquated and needs a total overhaul.
Alone the fact that the banking system with the aid of the corrupt and PC'd Congress in DC made home/business loans to individuals a walk in the park, without verifyng the payback potential of the said entity, CEO's pay based on the growth(real or fake)numbers and a host of other shenanigans created this mess.
I do not want Congress to write a blank check for irresponsibly imbecile of the Political Left and incompetent CEO's. This has to stop right now, like it or not.
Maybe just maybe, a jab in the jaw will teach some "stuck on stupids" to vote for the right people in the Congress.(Senate or House)
Thanks in advance.
Second that! Can you imagine being at the mercy of Pelosi and Reed!?
Just thinking about that scenario makes my skin crawl!
Sorry. You’re right. The math was done wrong. They were using trillion rather than billion. I pinged you to the post.
In case the wall street crowd has forgotten, the windows of modern skyscrapers don’t open. They’ll have to rethink their escape plans.
I hereby gurantee these unreasonably exhuberant mortgage profit expectations in the name of the people’s revolution!
“Only fools would choose a false promise of security from tyrants to the sweet breath of freedom paid for in blood by so many of our forefathers.”
Back in 2000 that was pretty much a consensus belief here at FR. Today it seems only a few think that way.
It’s disparaging to see bounty and comfort eroding the desire for liberty from people’s souls.
Oracle, Google, Microsoft, etc. and many, many others.
If this is a recession, or a depression, please explain how these companies keep thriving?
Let them “vote” - - I have my 5 acres of fertile ground, plenty of cash in the mattress, a Rottweiler, and loaded guns all over my paid-off house. Even better, I hardly owe anybody anything. So screw Wall Street. Not one thin dime.
“It will go down on uncertainty, it will recover when they work it out. Big friggin deal. It is this fear of anything bad happening that has caused this mess”
That is true as long as people don’t rush to the banks when they hear the news.
That’s the problem - this atmosphere is ripe for a run.
A few?!!??
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