$700,000,000,000
 

Have you any idea how awesome my dungeon would be with that kind of money????

sigh

If you do the math, make an assumption about how many US households pay taxes (not on federal assitance), it'l almost $5 K per household. To bail out the banks and financial institutions that were "minting" money two years ago.

Sigh.

To bail out bastards who have made their millions and ran away. There isn't a pit in Lil's dungeon deep enough for these parasites. They make out they're living the American (and OZ and Brit) dream, but it's to the detriment of the rest. Gordon Gecko's spiritual children.

I hate to say this, but perhaps its time for a recession. To be perfectly honest, in my own personal life, I can't imagine it being any worse. Perhaps a recession would open the eyes of the people to the reality that it isn't the governments job to dish out handouts and fix everyones problems! IMHO it is because people continue to over extend themselves and then expect that the government will bail them out that only proves to make things worse!

There was a time not long ago (let's say 25 years ago) when my father would have (and often did) do whatever it took (including working 3 jobs) to ensure that our family was taken care of.

Skip ahead to today, when 50% of marriages end in divorce and of those that have children, most are failing (by choice) to support their children. Instead of supporting the families by hard work and sacrifice, they are depending on our government to feed, clothe, and support their families. Our system of hand ups has not only turned into hand outs but is being abused.

I urge anyone to go spend a day in your local social services office. Watch how many able bodied people are coming in for their hand outs! I promise you that the out number those who truly need a hand up by 9 to 1!

After that outing, go to your local social security office. You will find able bodied people there as well!

Our system is busted all the way around! The financial-morgage-investment bailout is only one part of it.

Personally, this bailout isn't helping me.

Off my soap box! I apoligize if I offended!

not at all jenna! when we express our opinions with class and tact, there's no reason to appologize. i just call it sentience. :)

i'm wondering how many worthy students that much money could put through trade school or univeristy and grad school.

personally, i think it's needed, but i am worried they're going too fast. nothing great ever comes from legislation made in haste and worry. and i have some better ideas about where they could gut the money from.:rolleyes2

Just remember, the government is supposed to keep out of people's business, people aren't entitled to a future, and the redistribution of wealth in the form of taxes is a horrible way to run a society.

...except when it comes to bailing out corporate fat cats. Then it's all worthwhile.

If it is good is quite different from if it is needed. I wonder what might be the result of inaction.

First let me say I'm not the least happy about anything even vaguely connected to this bailout...that it's going to happen, or that things got to such a state that it needs to happen, not happy at all. But...

We do have a test case for the consequences of doing nothing. It was in 1929-30, & the consequence was called the Great Depression.

jenna, I respect what you're saying, & if just a little recession was the worst of it, I would agree that we should just take the hit & get it over with...but that's not what we're facing now, & frankly, I think Main Street has already seen the recession for most of the past year. Tweedle-dee & Tweedle-dum (aka Fed Chairman & Treasury Sec.) have been saying for months we can get thru this ok, because that's their jobs, to try to calm the markets; now that they can't placate everybody with soothing sounds, they've got a credibility problem, & I don't blame Congress for dragging their asses thru the coals...

Tightening the regulations back to where they were before is the best we can do now, but it's still closing the barn door after the cows have gotten out...

Scots I am afraid that the Great Depression would look like a joy ride to what would happen today. In 1929-1930 era this country was mostly rural farmers, they could grow there own food. That would not happen today.

I think that no CEOs in charge of those companies should be paid. If you fuck up like that on your job no $$. I will be furious to see how much of the money ends up in the pockets of those who are already our countries wealthiest criminals........ er I mean citizens :p

The thing I keep coming back to, is that the same people who have been screaming for years for deregulation are not singing a different toon.

The same people who wail against socialized medicine are now all for socializing the banking, and mortgage industry.

The free market can be a great thing as long as people show some moral restraint. Unfortunately stupid met greedy, and now it's a huge shit sandwich that we all get to take a bite of.

Valid points all, jude...
And of course, as always, those with more bread won't have to eat near as much shit...

Maybe not so much in the Dust Bowl stricken areas, which occurred almost simultaneously, further complicating matters. But your point is well taken, I was raised by two children of the Depression, & learned enough at their feet to know that we don't want any part of that steaming pile...

it's a drop in the bucket, but the principle of the thing! what a slap in the face. piss on a cut. spit in your eye. low down dirty trick.

wyndhy,

I agree. It is a pity that back in July Secretary Paulson had argued to the Senate Banking Committee in favor of a formal mechanism to take over and wind down non-banks, such as investment banks and insurers, in an orderly way, similar to what exists for retail banks. But Congress was only prepared to consider that as part of a bigger regulatory overhaul under the next president.

If Congress had taken action when they were briefed, they would have had an extra two months to develop a plan.

that congress. what a bunch of pussies:D

Perhaps they were too concerned at the time with the price of gasoline to spend too much time on other issues.

coulda shoulda woulda

Maybe someday they will do something useful.

and monkeys might fly out of my butt, too

Is that a side effect of the chemo???????:D

If pro is the opposite of con, then is progress the opposite of congress? This should have been foreseen I agree. I also agree that the government gives too many hand outs to able bodied people that should be able to take care of themselves. As much as I hate to say this, Bush made a valid statement. It wasn't just one group of companies. It was many companies. There is a point where when you expand to much to quick it breaks. That's exactly what happened. The market grew to a point where it was out of control and now it's broken. I did notice that the president didn't say exactly what the plan was besides bailing out a few major companies.

We will want pics of that for sure. :thumbs: :wink:

Why fuck up a streak now with the finish line in sight? :ahole:

Don't worry about any of this. I've got it covered. :nod:

I'll give them the money.

............. Why not? I have more money than the government does. I make my little salary every week and have a hell of a lot less debt than they do. :shrug:

THYE DON'T HAVE ANY F__KING MONEY!

If you made $10 last month, YOU HAVE MORE MONEY than they do. Not this government or any other government has ANY MONEY! They don't, can't and will NEVER make any MONEY! Governments can only get money from it's people.

You can only hope that YOUR money is enough to pay for the things that a government needs and that they spend it wisely. The great depression that has been referenced a number of times differs in that then the government DID HAVE SOME MONEY.

Unfortunately THIS government DOESN'T have any money. They DO have the biggest DEBT obligation in recorded history of civilization. It makes no difference what placebo the politicians give us now. As Jude30 said, the stupid have met greedy, and now it's a huge shit sandwich that we all are having fed to us. The ratio of corruptions and non-producing parasites in our economy has simply overwhelmed the host.

No what happened is greedy bankers figured out a way to make money off stupid people by convincing them they could afford houses that they couldn't. That is a recipe for disaster no matter how you cut it. The bankers didn't stop to think of the consequences of these loans failing in the long run because of the huge short term profits. Which was amazingly stupid of them since a monthly mortgage payment of half your salary is pretty much designed to fail. The idiot consumer on the other hand listened to the banker and took on those low low initial payments.

The only thing that grew too fast was the market of greedy to stupid. Bankers saw an easy short term profit, and the consumer saw that house that they "deserved" to have.

Short term greed (whether it was the investment bankers preying upon people that couldn't afford what they wanted, or by buyers knowingly accepting variable interest loans so they have more cash on hand while they hope the other shoe doesn't drop) is what the rest of us are now left to deal with. Thank goodness I've been paying a higher interest rate all this time so I'm already used to getting by on less cash.

I think the government should start buying lottery tickets.

Instead of giving the money to the banks give it to the people who can not pay their loans off, then let it trickle up.

What a great idea!

So great an idea, in fact, that it doesn't have a snowball's chance in hell of being adopted by the yuckleheads in charge of things...

"Trickle up?" Isn't that a little like pissing up a rope? :roflmao:

Is it wise for the federal government to give money to people who couldn’t figure out that ARM payments can increase as well as decrease? Is there any evidence to indicate that their behavior would be more sensible now than when they signed their contracts? At least the Feds can regulate banks - they are companies. Would it be a good idea to have the Feds try to regulate the spending habits of hundreds of thousands of citizens?

if by side effect you mean result, and if by chemo you mean "yuckleheads" then yes. :D

maybe the feds can just pay the bills, not actually give other, non-politco yuckleheads the money. that would work. yep, yep.

oh man, if i didn't have to pay my mortgage every month? duuuuuuuuuuuuude, that would rock!

:faint:

I think she meant the monkeys flying out of your butt. They don't warn you about all the possible side effects, do they?

Will bailing out the vampires help the poor peasants struggling to meet mortgages they can't afford?

Chances are, we may not find out...looks like the president's own party is ready to play chicken with the US economy...stand by, sports fans...

Oh Dear! Oh Dear! Am I to believe that Congress, controlled by a majority from my political party, after all these months is still unable to deliver what the country needs?

Pathetic. :(

There should be grand jury indictments. We should be taking this money out of the hides of the scum that caused these problems in the first place. Freeze assets,conficate {taking back} wealth. Hey,if their kids are attending the richest schools today,let them live in trailer parks tomorrow while mommy and daddy are serving time. Meanwhile,that drug addeled Rush Limbaugh is still calling Barak Obama an arab muslim,and Sarah Palin is as scarry as ever. If the repubs win this one,I will gladly spend the next four years crawling around the darkest, dankest corner of Lilith's dungeon.

Don't worry lakritze, the way congress is going we will all be living in grass huts. They want to see what a Great Depression is really like by letting the banking industry fail completely. And if the USA goes down the rest of the world will follow.

Has anyone else noticed that there are a lot fewer credit card offers in the mail box lately. Nobody wants to loan you any more money. Don't even ask for a car or house loan.

There's a part of me that thinks this bailout is part of a neocon plot to bankrupt the US Government completely so that all social programs get canceled and the government would have to be rebuilt...in their favor.

Burn down the house and hope you get the "contract" to rebuild.

It's scary but possible.