The bailout passed. How do you feel about that?

How do you feel about the bailout bill passing?

  • I am disappointed it passed.

    Votes: 11 57.9%
  • I am happy it passed.

    Votes: 4 21.1%
  • I'm indifferent.

    Votes: 4 21.1%

  • Total voters
    19

WinkWink

Banned
I am really disappointed in this getting passed.
The government is not going to bail me out if I get into financial trouble. I get to pay tax dollars to save companies who are just going to continue to off-shore jobs. I'm now subsidizing employment in China. WTF.

the government did bail you out. You don't understand what the bail out is preventing.
 

WinkWink

Banned
The point is the government now knows it must regulate this stuff more. For example, to prevent deception by these bankers. People complain they want less government. But we already have the government making sure we don't steal, murder, f*** kids, etc...what's wrong in making sure Wall Street doesn't do the same? It doesn't mean we get socialism. The market will still exist, it'll just be more honest...well, forced to be.
 

Oh my god. it's Robby!

spontaneously luminescent
The point is the government now knows it must regulate this stuff more. For example, to prevent deception by these bankers. People complain they want less government. But we already have the government making sure we don't steal, murder, f*** kids, etc...what's wrong in making sure Wall Street doesn't do the same? It doesn't mean we get socialism. The market will still exist, it'll just be more honest...well, forced to be.
for the power elite, washington and wall street are a revolving door they simply pass from one side of it to the other
all the time knowing that they have almost nothing really threatening to fear from our legal system
its long been a fact here that the more you steal, the less you will be punished
now, if some brokers, bankers and financiers were done in by somebody who lost everything
only then would you see that industry change
cool.gif

until then criminals who keep their hands clean will only multiply
and encourage even more of the best & brightest to waste their talent on wall street
whilst the latest middle class sucker is born to earn, save and lose their hard earned $ :cool:
 
D

Dave

Guest
the pigs all have too much dirt on each other and they know that if one of them goes down he'll try to take as many as he can with him, so they do a bailout.
 

SNS22

Not Dead Yet
Bring back debtor prisons and institute the death penalty for corrupt CEO's.

That'll clean up the market!
 

Sir Alec

Anorak
The free-market will even itself out. It always does... right... right?!?! :confused:

*jumps out window*
 

WinkWink

Banned
for the power elite, washington and wall street are a revolving door they simply pass from one side of it to the other
all the time knowing that they have almost nothing really threatening to fear from our legal system
its long been a fact here that the more you steal, the less you will be punished
now, if some brokers, bankers and financiers were done in by somebody who lost everything
only then would you see that industry change
cool.gif

until then criminals who keep their hands clean will only multiply
and encourage even more of the best & brightest to waste their talent on wall street
whilst the latest middle class sucker is born to earn, save and lose their hard earned $ :cool:

nothing criminal happened. It's called deregulation. If you don't like it...vote Democrat.
 

Buzzetta

WOOOOOOOO!!!!!
It is a ridiclous move that I still view as unconstitutional.

I still contend that the majority of people were NOT taken advantage of by coorperations and banks and that they gambled and they lost. Basic premise is that a large quantity of people spent more than they were capable of earning or repaying in the hopes that they would one day earn what they could to pay off their debt. Now I have to pay for their mistakes.
 

WinkWink

Banned
It is a ridiclous move that I still view as unconstitutional.

I still contend that the majority of people were NOT taken advantage of by coorperations and banks and that they gambled and they lost. Basic premise is that a large quantity of people spent more than they were capable of earning or repaying in the hopes that they would one day earn what they could to pay off their debt. Now I have to pay for their mistakes.

yes...but do you believe that without loans, small businesses now would face closure. and the dollar would continue to drop. the market would further crash. unemployment will skyrocket? regardless who is at fault, we need to stomach it, fix it, and put safeguards in place to prevent this in the future.

I do believe that all $700 billion will not be used. According to the bill, the money comes in steps...if necessary. and i believe that with the right administration, the money will be paid back. I like the salary cap put in place.
 

Buzzetta

WOOOOOOOO!!!!!
yes...but do you believe that without loans, small businesses now would face closure. and the dollar would continue to drop. the market would further crash. unemployment will skyrocket? regardless who is at fault, we need to stomach it, fix it, and put safeguards in place to prevent this in the future.

I do believe that all $700 billion will not be used. According to the bill, the money comes in steps...if necessary. and i believe that with the right administration, the money will be paid back. I like the salary cap put in place.

I believe that if you buy a home with the thought process of, I can afford this if I rent out the basement then you have no business going after a mortgage. That mentality is what pushed the housing values up across Brooklyn, Queens, Nassau and Suffolk. You were here. You saw what was going on.

My own parents were trying to get me to buy a home and I said they were nuts. You do not purchase a home unless you can pay for it. If you take a tenant then that tenant should not be the determining factor in meeting your mortgage each month. It should be icing on the cake.

As much as teenage, socialist liberals will cry out in anger, I look forward to taking advantage of this in the upcoming year and profiting off of everyone else's stupidity. NOW is the time for a tenured teacher, at max step salary with 10+ years in the system to buy someone's about to be foreclosed home.

Anyone who has the true financial ability to buy a home should consider that right now as more "for sale" signs are being hammered into front lawns.
 

Buzzetta

WOOOOOOOO!!!!!
But nobody can get a mortgage right now, even if they have impeccable credit. That's the problem.

Someone such as myself will be at the top of the list of acceptable mortgage "risks." As they say in Italian families and the stereotype may be:

"Dat guy there hes a good earner"
 

Buzzetta

WOOOOOOOO!!!!!
We will see then, we will see...

In the meantime I am simply throwing things up on eBay and in disbelief as people are buying the things that they are and spending more than they should. Liquidate any and all things that I do not need and throw as much into the bank as possible.
 
I'm tellin' ya--that's not enough right now. Banks are petrified.

The days of loans for people with bad credit or 100% financing for anyone are over - but mortgages and car loans are closing every day, even now. :confused:

Toyota announced this week an offer of 0% financing for people with good credit to boost sales. It's a sign of the times to see Toyota doing it, but apparently the money for loans to customers is still out there. (And if you have a 10mpg SUV in the driveway and excellent credit, 0% on a Corolla sounds like a pretty good deal right about now).

And FWIW, the offers of pre-approved credit cards and offers to refinance our mortgage haven't slowed down a bit at our house.
 

Oh my god. it's Robby!

spontaneously luminescent
nothing criminal happened. It's called deregulation. If you don't like it...vote Democrat.

nothing? just because people in the investment racket are rarely charged does not mean they do not commit plenty of crimes :cool:
its just that a lot of people in the 'securities industry' are heavily insulated from 'the law' BECAUSE THE SEC PROTECTS THEM & NOT INVESTORS
see, we normal people are expected to do things like be honest and we demonstrate this with our deeds
on Wall Street, people take 'Ethics tests' to prove a how ethical they are
and plenty along the way learn what they can legally get away with
all that aside though, the real truth is that most investors are driven by greed and look for the wrong kinds of financial advisors
while most of the people wanting to invest other's people's money are basically over educated idiots that tend to rely on a few big fund managers they feel they have a personal relationship with
& what nobody wants to admit is there is no science to making money by investment
but there is faith
prayerjv8.gif
 

bored

Lust a prima vista
the government did bail you out. You don't understand what the bail out is preventing.

I understand that the bailout is going to allow the banking industry to keep money flowing and free up the credit market but I don't want or need the help of the government. If the economy takes a massive hit because the people handling all the money were reckless I'd be happy. If we had a 10 year recession or even a depression, I really would be happy.

All we learned is that big business keeps on winning no matter what they do. This was not a government bailout, it was at taxpayer bailout. The government spent tax dollars they haven't collected yet.

If there was going to be some kind of bailout, it should have been much more methodical. Warren Buffet has some excellent ideas on how to make that happen while being fiscally responsible and measuring the amount of money needed for the bailout. He believed the $700B was far too much and based on his financial success I believe him over anyone that Bush was using as an adviser.
 

bored

Lust a prima vista
It is a ridiclous move that I still view as unconstitutional.

I still contend that the majority of people were NOT taken advantage of by coorperations and banks and that they gambled and they lost. Basic premise is that a large quantity of people spent more than they were capable of earning or repaying in the hopes that they would one day earn what they could to pay off their debt. Now I have to pay for their mistakes.

I don't feel bad for people who overspent.
I don't feel bad for banks who overlent.
I don't feel bad for companies that insured the loans even though they didn't have the money to actually back the policies.

All 3 should suffer, not me.

I have a mortgage. It was signed when the sub-prime market was the latest craze. I told the lender there was no chance I would do anything other than a fixed rate loan on a house I could afford even if I took a 20% pay cut.

Why should my sensible spending be rewarded with a bill for a bunch of greedy gamblers?
 

WinkWink

Banned
I understand that the bailout is going to allow the banking industry to keep money flowing and free up the credit market but I don't want or need the help of the government. If the economy takes a massive hit because the people handling all the money were reckless I'd be happy. If we had a 10 year recession or even a depression, I really would be happy.

.

Sorry...I didn't know you are an anarchist. In that case :guitar:
 
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