Can I ask What is Wrong with a Do Nothing Approach?

C

CanadianKid

New member
I dont see anything wrong. Let these banks fail....

Its not going to affect the economy. I dont see why there has to be action on this. Other banks will take over their assets...

Is this like having an answer without having a problem?

Beats me....

CK
 
I think I speak for a lot of libertarians who have money in the market when I say that I can't wait for this bailout to pass so that I can safely begin criticizing it.
 
Chapdog said:
banks not lending, credit freezes, business stalls, money markets fail, job lay offs.
Click to expand...

So when Lehman Brothers failed.....

Did Goldman Sachs say sorry I'm not investing any more?
Did Bank of America say sorry, I've stopped doing business?
Did Citigroup say sorry, we are all going on vacation?

Chapdog you are a dishonest, fucken scaremonger fraud....
Go suck on George Bush's penis.... Cocksucker


CK
 
Chapdog said:
banks not lending, credit freezes, business stalls, money markets fail, job lay offs.
Click to expand...

Banks will lend when its in their best interest and they know they will be able to recover their funds. I'm not buying that NO bank will lend. That's how they make money. A move back to responsible lending practices is prudent imo.

As for credit freezes - can you elaborate here?

Again back to my first point, if its something profitable and worht the risks, banks will lend.

If its a matter business growth stalling because of lack of bank funds, its not like investors will mysteriously vanish if we don't go through with this.

I don't know.....maybe I'm missing something here but I'm not buying this doomsdayers vision of sky will fall if we don't hand over $700B
 
Epicurus said:
I think I speak for a lot of libertarians who have money in the market when I say that I can't wait for this bailout to pass so that I can safely begin criticizing it.
Click to expand...

Yeah, there are no libertarians in financial crisis, I agree. We're all socialists now.
 
Darla said:
Yeah, there are no libertarians in financial crisis, I agree. We're all socialists now.
Click to expand...

not me.

the banks who were lending and the idiots who borrowed way too much can still kiss my @$$.

That's what it comes down to Darla. You and I are going to be paying for a$$holes in million dollar cape cods in LI and north jersey who were stupid enough to buy way too much house. Period.
 
LadyT said:
not me.

the banks who were lending and the idiots who borrowed way too much can still kiss my @$$.

That's what it comes down to Darla. You and I are going to be paying for a$$holes in million dollar cape cods in LI and north jersey who were stupid enough to buy way too much house. Period.
Click to expand...

I was just busting Mr Libertarian's balls.

I think we are actually paying for wall street bankers' multi-million dollar second homes and their private planes, and their helicopters, more than anything.
 
Darla said:
I was just busting Mr Libertarian's balls.

I think we are actually paying for wall street bankers' multi-million dollar second homes and their private planes, and their helicopters, more than anything.
Click to expand...

Well, I KNOW we're paying for banker's multi-million dollar 3rd and 4th homes, planes etc cetera.

This entire thing is depressing and it looks like both parties are equally eager to shove a hot rod iron up our collective as$es.
 
Watermark said:
Could anyone come up with an argument against this that cites something other than ignorance or vengeance as a motivation?
Click to expand...


Yes. A rejection of fascist values. A rejection of privatized profits and socialized losses. A rejection of screwing all citizens so wallstreet can be insulated from it's own greed. Got it, ace?
 
You must log in or register to reply here.
Back
Top