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  1. #1

  2. #2
    I am laughing my butt off, here! It's like I have said months ago, the S&L-dejavu! One would really think they would learn anything. They are against Socialism, but when they f-up, the heavily rely on it. Full of s hit...and I refer to my signature below!
    “...I may condemn what you say, but I will give my life for that you may say it”! - Voltaire

  3. #3
    Kinda ironic though really. Using taxpayers money to bail out failed banks and insurance companies to avert another 1929 just before election time Flies in the face of a free market economy and a survival of the fittest ideology espoused by Repubs, especially those on the neo-con end.

    The Treasury should have stuck to their original decision and let AIG go. Whichever way you look at it davdah and OldE, it is the equivalent of short term socialism. Of course, you will justify it differently.

    Oh and Barclays is British. The Brits come to the rescue of the yanks..again. Move over Boston Tea party, the Brits are invading
    "What you see in the photograph isn't what you saw at the time. The real skill of photography is organized visual lying."

  4. #4
    Originally posted by davdah:
    LOAN: Means they pay it back, with interest. Sounds capitalist to me.
    I'd love to see what interest rate they got. I bet it wasn't anywhere near a commercial loan rate
    "What you see in the photograph isn't what you saw at the time. The real skill of photography is organized visual lying."

  5. #5
    It's 11.3% that what I saw on TV yesterday. Oh my, how the tide is turning and the people become aggressive lenders.

    Yeah!!!
    “...I may condemn what you say, but I will give my life for that you may say it”! - Voltaire

  6. #6
    Banking was socialized a long time ago when the government forced banks to lend money to minorities who are known to be bad credit risks. Lend money to a monkey and you get back a banana. The blame is not on greed but on government. Everyone knows what happenned but no one wants to discuss the 500 pound monkey in the living room. Ironically giving loans to minorities was supposed to give them the opportunity to own their own homes. They don't believe in paying bills. You can take a monkey out of the jungle but you can't take the jungle out of the monkey. So now we all have to pay for this great social(ist) experiment. And guess who got hurt the most? The minorities that the government was supposedly trying to help.


    Once again my friends, Government is not the answer to our problems, government IS the problem.

  7. #7
    Originally posted by OldE:
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Brit4064:
    Kinda ironic though really. Using taxpayers money to bail out failed banks and insurance companies to avert another 1929 just before election time Flies in the face of a free market economy and a survival of the fittest ideology espoused by Repubs, especially those on the neo-con end.

    The Treasury should have stuck to their original decision and let AIG go. Whichever way you look at it davdah and OldE, it is the equivalent of short term socialism. Of course, you will justify it differently.

    Oh and Barclays is British. The Brits come to the rescue of the yanks..again. Move over Boston Tea party, the Brits are invading
    How could one make an argument in favor of letting entire economy collapse for the sake of not paying anything to fix it?
    That's like refusing to pay someone to fix your car breaks and then getting on to drive it on a highway.

    I don't think there is even a need to refute such arguments. </div></BLOCKQUOTE>

    Well the neo-cons always argue survival of the fittest, ie. let those that fail, fail because they deserved it soooo..... Shows the neo-cons don't always follow their own ideology.
    "What you see in the photograph isn't what you saw at the time. The real skill of photography is organized visual lying."

  8. #8
    Even a billionaire could become a destitute poor if entire economy collapsed.
    Oh what a shame. My heart bleeds for them
    "What you see in the photograph isn't what you saw at the time. The real skill of photography is organized visual lying."

  9. #9
    Originally posted by OldE:
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Brit4064:
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Even a billionaire could become a destitute poor if entire economy collapsed.
    Oh what a shame. My heart bleeds for them </div></BLOCKQUOTE>



    Your heart better bleed for your own self, whether billionaire or not, for when economy collapses it effects all, regardless of ones' income level. </div></BLOCKQUOTE>

    Ditto on that on E

  10. #10
    Originally posted by iperson:
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Brit4064:
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by davdah:
    LOAN: Means they pay it back, with interest. Sounds capitalist to me.
    I'd love to see what interest rate they got. I bet it wasn't anywhere near a commercial loan rate </div></BLOCKQUOTE>

    The truth is, that the United States of America as of right now is a bankrupt country.
    Goldman Sachs is next, and then a few more. 8.500 banks are projected to fail.
    If AIG needs peanuts for short term liquidity- those few billions are peanuts for a trillion dollar company- they will need more liquidity in what, a month, two?
    Do they honestly think the US taxpayers are going to bail out every single one? Is US Treasery a bottomless pit of money?
    After the Iraq war that will cost Americans around 3 Trillion in the long run, where is the money to bail out all the failing banks and firms?
    Not only is the US completely broke, but it is in severe debt.
    The US economy is not producing anything, China is. That's where a majority of the money is.

    All the United States of America currently is.. HOT AIR. Literally. A hot air filled bubble that is bursting.
    The question is what will be left when it finally collapses and the hot air is gone?

    The American worker is replaced by cheap labor abroad, so it is redundant. American workers may be hard working, but they've got no work! They've been outsourced.

    So HOW is AIG going to pay back the debt? Where is it going to get its money from?
    THERE IS NO MONEY, stupid. </div></BLOCKQUOTE>

    We can then call USA as United States of Africa. The Change Obama has been looking for. The name fits the situation and ultimate motto.
    If Democrats Had Any Brains, They'd Be Republicans

    Democrats - Brave enough to KILL our unborn, just NOT our ENEMIES!

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