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Post by Teuta1975 on Sept 30, 2008 18:17:34 GMT -5
Do you approve or oppose the bill that American Government is trying to pass? Why?
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Post by meltdown711 on Sept 30, 2008 18:42:10 GMT -5
Oppose. Why should the American people bail out companies that got through where they were through their own stupidity and missmanagement. It looks like Bush and his cronies love to bail out their business friends but not the average American. Let these companies declare bankrupcy and be taken over by people who will do a better job.
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Post by bordura on Sept 30, 2008 19:07:33 GMT -5
I oppose the bill in the spirit of bailing out a bankrupt business. I support the bill in the spirit of saving jobs, families and avoiding a system collapse. Simple people are caught in between 2streams; logic/principle/moral versus interest and well being. In principle is wrong in real life it is a necessity to not end up on soup lines. Out of 2 bads choose the less malign one So i would vote for it, but i would hate it.
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rex362
Senior Moderator
Pellazg
PELASGIANILLYROALBANIAN
Posts: 19,058
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Post by rex362 on Sept 30, 2008 20:08:26 GMT -5
The system for the last 30 years has a done a great job of devaluing money why devalue this monopoly play money any further.... ................. when you make money from the moving of money ----> that in itself devalues money after a while (Thanks Qifuti) let alone the daily printing of new money ....and the sad part of the USA just being a credit card country and no real hard core mass industrial production of squatt our fricken AMERICAN flags are made in China the answer...lock this mother down and nurse it from a fresh start with new money and valuation ...and close the curtain down outside of AMERICA .... ITS EASIER TO GIVE BIRTH THAN TO RESURRECT THE DEADWe let/allowed the greedy to get greedier and here we are .... SOCIALISM IS NEARBY !!!
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Post by Teuta1975 on Sept 30, 2008 20:08:53 GMT -5
If there is to be created the situation you speak of Bordura, the bill is not gonna solve it. 1.3 trillion dollars lost in one day in Stock market cannot be regulated from 700 billion dollars. The Senate is trying to make a bill that works for...a fake situation (the loan mortgages and the game of prices), the fake money (bill-print paper) and all this is gonna prolong the agony for 3 more months.
I think also that the Federal Reserve is badly involved in all this (baking system, lobbying and government) and it controls everything. They most of all want the bill to gamble in stock market again... The bill is not going to help the banks from failure and the dollar from losing its value...this is what affects me as recently beautifully put "the taxpayer - not people anymore". Americans can't bail out wall street and other banks throughout the world...I would vote no and I don't care if stock market goes down. Someone must learn from the lesson.
PS: I would be more than happy if China went downfall with the stock market of yesterday too.
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rex362
Senior Moderator
Pellazg
PELASGIANILLYROALBANIAN
Posts: 19,058
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Post by rex362 on Sept 30, 2008 20:24:17 GMT -5
1.3 trillion dollars lost in one day in Stock
where did that money go ? ;D
1.3 trillion = a bad week in the market ....hey,it was just one super bad day .....made up a bit today ...
anyways ...seems that the sad part is everybody seems to be an investor //401's roths/ira's ect....and thats the bad part ...the market is legalized gambling and whole masses should not be gambling
the government and media should not be preaching to all its citizens that everybody should be in the market....
remember ...the house never loses..
imagine this...a country like USA without a stock market ...mmmmmm
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Post by adolfmussolini on Sept 30, 2008 20:35:01 GMT -5
this country is going down the shitter...everyone will probably go to bankrupcy eventually, don't be surprised if we get another depression circa 1930...but I approve the bill of course. if you were anywhere above middle class you would understand, and approve it too ;D
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Post by Teuta1975 on Sept 30, 2008 20:35:39 GMT -5
Rex,
Bush wanted to gamble the Social Security too...lol...the houses are already loss...artificial price of 500.000 $ in January...today cost 300.000 $. People are not losing...they are realizing how badly the real estate agents and the banks played with them...
yesterday: the bill was seen as a proposal to bail out wall street (denied) today: people who want the bill (Bush and Co as to say that they are doing something) are becoming threatening...if you don't vote, you'll get even worse...and the millionaires who created all the mess (with the intermediary of the Federal Reserve) are still having their millions...
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Post by Arxileas on Sept 30, 2008 21:22:46 GMT -5
Rep. Marcy Kaptur hits the nail on the head....
100% agree with her.
"Those who created and profitted from this game of games, must be brought to justice. The assets they stole must be returned to the American taxpayers, right down to the tires on their Mercedes."
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Post by Teuta1975 on Sept 30, 2008 21:24:36 GMT -5
There seems to be a little problem: who are they?
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Post by malsor4life on Sept 30, 2008 21:28:32 GMT -5
Viva free markets The people shouldnt pick up the tab for these idiots. Its funny how the Democrats are blaming everything on Republicans, when they are the ones that started this whole shyt, By pressuring all the big banks to give mortgage loans to zezaks on welfare LoL Thats what triggered all of this, the housing crisis. Oh, but what were the Dems shouting back then 'c'mon everyone needs a fair shot'. And today, they have the audacity to say Huh? What ? How did this happen ? LoL Btw, Obama was involved with a big lobbying group (Acorn) that was in the middle of all of these mortgage loans to people who couldnt afford it.
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Post by Teuta1975 on Sept 30, 2008 21:31:28 GMT -5
I think Malsor it is deeper than that for 94% of Americans keep paying the mortgage...something else is at stake...the credit system itself and the legal fraud connected to the fake numbers (money) and interests of big Banks and Huge corporations, laws (such as allowing all jobs to be shipped to China and so forth).
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PARIS DIO_MYSUS!
Amicus
It's Nice to be Important but It's more Important to be Nice!
Posts: 3,681
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Post by PARIS DIO_MYSUS! on Sept 30, 2008 21:32:54 GMT -5
That $700 billions going to be split and given in three parts every three months . Do you know what my first name is Veri and my last name is Rich!!! Video, I'm Very Rich!!!! Myself, Lord/God Sun_MYSUS Chris :)t!!!!!
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Post by albquietman on Sept 30, 2008 22:44:35 GMT -5
With or without this bailout, we are heading toward depression, not recession, because we are already there. I'm against this bailout, because it is not designed to help the average Joe, but the Wall Street. Of course they are trying to sell it to us that if we do not do it, I mean voting for the bailout, people will loose jobs and houses and so on, but I didn't hear anyone, even Obama to ask a simple question: why did it happen? Well, of course we all know their answer, the mortgage meltdown, but why the mortgage meltdown happened? How come that nobody did see it coming? Aren't these people supposed to know their job? If anyone of us here do not do our jobs, we get fired, but the Wall Street guys and the big guys on the top of the big banks that brought the financial system of America to its knees, not only do not get fired but on the contrary they get fat bonuses in millions of dollars from our money. America needs to make a u-turn if she wants to stay in the position that it was before the Bush era...if not, we better start to try to get chinese visas and send resumes to China...anyone speaks chinese here?
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Post by Teuta1975 on Sept 30, 2008 22:54:20 GMT -5
Oh...no AlbQ, I had a hard time learning English... it better not happen
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Post by raynon on Sept 30, 2008 22:55:52 GMT -5
We need to bury these greedy losers...if they want any kind of help from the people.
Otherwise, like the british papers said today..."MARKETS DROP DEAD" lolol
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Post by Teuta1975 on Oct 1, 2008 23:13:04 GMT -5
Senate passes its own bank bailout package
By Alex Johnson Reporter MSNBC updated 41 minutes ago
The Senate passed its version of a mammoth plan to rescue the financial services industry Wednesday night, saying changes designed to protect individual investors and small business owners could be enough to persuade reluctant House members to go along with the plan.
Senators agreed to the plan 74-25 as an amendment to an unrelated bill, which was passed shortly thereafter.
Treasury Secretary Henry Paulson, who put together the original scheme to bail out the banks after Lehman Bros. and other financial institutions collapsed on Wall Street last month, welcomed the “strong bipartisan vote.” “This sends a positive signal that we stand ready to protect the U.S. economy by making sure that Americans have access to the credit that is needed to create jobs and keep businesses going,” Paulson said in a statement. “I urge the House to act promptly to pass this bill.”
The House was always the intended audience for Wednesday’s action in the Senate, which loaded the rescue plan with tax breaks and other sweeteners for the right and the left to secure approval in the House by Friday.
House members rejected the original plan Monday, sending financial markets plunging around the globe, but it did not cause the same uproar in the Senate, where both parties’ presidential candidates voted for it.
“We are all going to need to sacrifice,” Democratic nominee Barack Obama of Illinois said in a floor speech. “We’re all going to need to pull our weight, because now more than ever we are all in this together. That is part of what this crisis has taught us.”
At a campaign rally Wednesday afternoon in Independence, Mo., Republican nominee John McCain of Arizona told supporters, “If we fail to act, the gears of our economy will grind to a halt.”
President Bush praised the Senate for passing the package, calling the bill “essential to the financial security of every American.”
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Post by Emperor AAdmin on Oct 2, 2008 0:16:36 GMT -5
Pick one or all? 1. Drop in the sea without any real impact. 2. Yet another elitist theft of the masses. 3. Bush buying time for McCain to be reelected. (or rather thinking he is buying time) 4. Self made crisis to help foster Fascism. some interesting videos Stock Market and Monetary System on the verge of collapse "Nevertheless, fascists did have a number of important political views that shaped many of their economic decisions. The first of these was the fundamental fascist opposition to both socialism and liberal capitalism. Fascists argued that the implementation of their ideas into the economic sphere would represent a "third way", and they favoured corporatism and class collaboration. They believed that the existence of inequality and separate social classes was beneficial (contrary to the views of socialists)[10], but they also argued that the state had a role in mediating relations between these classes (contrary to the views of liberal capitalists).[11]" en.wikipedia.org/wiki/Economics_of_fascism#General_characteristics_of_fascist_economiesCorporatism and Socialism in America www.fff.org/freedom/fd0411e.asp
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Post by albquietman on Oct 2, 2008 0:25:03 GMT -5
I pick them all Aadmin...and see how the people that engineered all this mess got payed after their banks collapsed: The best temp gig in historyPosted Sep 30 2008, 12:47 PM by Kim Peterson Congress wants to crack down on CEO mega-salaries for banks participating in the bailout. And while the politicians argue how best to do that, Alan Fishman of Washington Mutual is headed for the doors with $19 million in his pocket.
If that wasn't outrageous enough, consider this: Fishman started the job three weeks ago. I never saw the employment ad Fishman answered, but it must have read something like this:
WANTED: Top executive for train-wreck bank about to be seized by federal regulators. Must be able to look busy while FDIC sells business from under you. Previous experience with angry shareholders sitting on worthless stock a plus. Perks: $7.5 million hiring bonus and $11.6 million cash severance.
Fishman got the best temp gig in history. He gets to keep the bonus and severance pay, though he must stay on the job while JPMorgan Chase completes its purchase of WaMu's banking assets.
To be fair, Fishman wasn't the one that took WaMu down a path lined with toxic mortgages and other bad assets. No, that role belonged to former CEO Kerry Killinger, who received $54 million over five years before leaving earlier this month. He's eligible for around $20 million in severance pay.
Other execs are also cashing in big. President Stephen Rotella gets $12.7 million in cash if he's terminated or quits with "good reason," according to the Portland Business Journal. And CFO Thomas Casey would get a cash severance of $6.3 million.
And WaMu shareholders got huge payments of...oh, wait. The stock is worthless. Shareholders got wiped out. blogs.moneycentral.msn.com/topstocks/archive/2008/09/30/the-best-temp-gig-in-history.aspxNo wonder the finances of this country and everything else is going down to drain...
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libofsha
Amicus
socially inept village idiot who is having a meltdown daily
Posts: 611
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Post by libofsha on Oct 2, 2008 4:40:32 GMT -5
i recommend a really good documentary called ZEITGEIST, it describes the artificial collapse of the monetary system which led to the great depression and ties it in with the current state, how all these powerfull bankers sized control to create a central banking system which now controls everything, these downcycles in economy are simply a behind the scenes actions of international banking cartels, before the great depression the american dollar had an actual value and on the back it used to say 'redeemable in gold' now it is just a piece of paper, with a fictious value, thanks to the centralised banking system, for every dollar printed the american taxpayer is shelling out 1.25$, leading to a massive debt.
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