[HOLY S**T!] $700 billion bailout bill just got rejected!

[Spare Moody]

Originally Posted by Sin City

If you are gonna bail out AIG then you better bail out everyone with some debt...
Everyone who lost a house and ****. It's only fair.

that's the problem with you guys. you think the bill was about being fair. it has nothing to do with that. comparing it to welfare is a horrible comparison. people need to take the emotions outt've decision making of this caliper.

[Sin City]

Originally Posted by Cptn. Howdy

that's the problem with you guys. you think the bill was about being fair. it has nothing to do with that. comparing it to welfare is a horrible comparison. people need to take the emotions outt've decision making of this caliper.

No bail out.. if they couldn't manage their money with so many bankers under their payroll.. what makes anyone think they are gonna spend what we give them wisely?

[Spare Moody]

Warren Buffet warned yesterday that if congress doesn't act immediately that we will face the worst financial meltdown in the nation's history.

last time i checked, he knows about finances pretty well...

[Fresno]

Whats the worst that could happen?

[Spare Moody]

Originally Posted by Sin City

No bail out.. if they couldn't manage their money with so many bankers under their payroll.. what makes anyone think they are gonna spend what we give them wisely?

yeah they're just gonna take $700 billion and give it out to rich people. "say, where'd the $700,000,000,000 go? i dunno but Bob's got a new Roll's Royce..."

c'mon now! you don't think this $$$ won't be highly regulated and monitored? just because mistakes were made doesn't mean the exact same thing is going to happen. economic trends have a very common denominator in that we learn from our mistakes.

[Patty Tanager]

Originally Posted by Cptn. Howdy

that's the problem with you guys. you think the bill was about being fair. it has nothing to do with that. comparing it to welfare is a horrible comparison. people need to take the emotions outt've decision making of this caliper.

Caliper?, .

[Sin City]

Originally Posted by Cptn. Howdy

Warren Buffet warned yesterday that if congress doesn't act immediately that we will face the worst financial meltdown in the nation's history.

last time i checked, he knows about finances pretty well...

Why is it that we are in the state which we are in?? You can't have it both ways...
You cant throw away money then expect the economy to be in a perfect state.
I'd like to thank all the idiots who voted for Bush btw... and I'm not for bailing those very same people out.

[SnoopySmurf]

The worst case scenerio is that banks will be hoarding their liquid assets by not loaning anymore money for fear the loans may not be paid back in full over time.

For those depending on these loans, they will not be able to send their kids/themselves to school/college...or they can't buy/repair the car they need to get to work, stuff to run a business, home repairs.....

[Fresno]

Originally Posted by SnoopySmurf

The worst case scenerio is that banks will be hoarding their liquid assets by not loaning anymore money for fear the loans may not be paid back in full over time.

For those depending on these loans, they will not be able to send their kids/themselves to school/college...or they can't buy/repair the car they need to get to work, stuff to run a business, home repairs.....

Thats not that bad.

[Spare Moody]

Originally Posted by Fresno

Whats the worst that could happen?

unemployment, therefore foreclosures, get 10x worse. home values sink to levels below that seen in the 70s therefore encouraging homeowners to just walk away and make the problem even worse. millions of pensions and retirement funds flat out disappear opening up a few more million people desperate for work.