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

AssHatZombie said:
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?
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So a rejection of international fascism?

Maybe, when our economy is destroyed, we can return to a barter system also, and everything will be in a perfect utopia.

I would be glad to have people like you on my side.
 
Watermark said:
Could anyone come up with an argument against this that cites something other than ignorance or vengeance as a motivation?
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There:

We're paying for fiscally irresponsible people who can otherwise rent or downgrade their homes.

That's ridiculous.


http://www.forbes.com/business/2008...ongress-biz-beltway-cx_lm_jz_0924bailout.html


"Ideas floated in Congress include expanding the eligibility for people who can refinance into Federal Housing Administration loans, and putting many of the mortgages under the management of the Federal Deposit Insurance Corp., which has moved aggressively to modify mortgages. By lowering the amount owed, homeowners are more likely to pay off mortgages, and mortgage-backed assets become more valuable."
 
Watermark said:
Why are you harrassing me for noting my term paper in an argument against epi?
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LOL I'm not harrassing you, i am just kidding around. It struck me as funny, that's why I started attributing it to you AND Epi, the two term paper experts. Sorry. Maybe because I am home and got little fresh air today, I am a little off, I don't know. But I thought it was funny.
 
Darla said:
LOL I'm not harrassing you, i am just kidding around. It struck me as funny, that's why I started attributing it to you AND Epi, the two term paper experts. Sorry. Maybe because I am home and got little fresh air today, I am a little off, I don't know. But I thought it was funny.
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O_O

I wrote a term paper on how much I hated it when I was a Libertarian. I know exactly what they do to play with the facts to make it look like Hoover was a socialist, and they are honestly just as bad as the holocaust revisionists.
 
LadyT said:
There:

We're paying for fiscally irresponsible people who can otherwise rent or downgrade their homes.

That's ridiculous.


http://www.forbes.com/business/2008...ongress-biz-beltway-cx_lm_jz_0924bailout.html


"Ideas floated in Congress include expanding the eligibility for people who can refinance into Federal Housing Administration loans, and putting many of the mortgages under the management of the Federal Deposit Insurance Corp., which has moved aggressively to modify mortgages. By lowering the amount owed, homeowners are more likely to pay off mortgages, and mortgage-backed assets become more valuable."
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The original 700 billion dollars went solely to wall street players.

I think that's much worse. If you help more people to keep their homes, then less homes flood the market, and that helps everyone even you. the more houses on the market, the more your home value falls. So if they are going to pass a bill, and they are, then I am glad they did put something in there for the little guy, the taxpayer, the worker, who maybe lost their job, lots have, rather than just the guys wearing 3 thousand dollar custom made suits, gucci loafers, and who has a 10 million dollar loft downtown, a 20 million dollar vacation home in the hamptons, and a helicopter to get him back and forth between the two.
 
Watermark said:
O_O

I wrote a term paper on how much I hated it when I was a Libertarian. I know exactly what they do to play with the facts to make it look like Hoover was a socialist, and they are honestly just as bad as the holocaust revisionists.
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I am not surprised to hear of it.
 
Darla said:
The original 700 billion dollars went solely to wall street players.

I think that's much worse. If you help more people to keep their homes, then less homes flood the market, and that helps everyone even you. the more houses on the market, the more your home value falls. So if they are going to pass a bill, and they are, then I am glad they did put something in there for the little guy, the taxpayer, the worker, who maybe lost their job, lots have, rather than just the guys wearing 3 thousand dollar custom made suits, gucci loafers, and who has a 10 million dollar loft downtown, a 20 million dollar vacation home in the hamptons, and a helicopter to get him back and forth between the two.
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I'm seriously going to try my damnest to get some $$ out of this. That's not right. NONE of them should be bailed out. The idiot who bought too much house and the idiots that gave him the money to do it.
 
Darla said:
The original 700 billion dollars went solely to wall street players.

I think that's much worse. If you help more people to keep their homes, then less homes flood the market, and that helps everyone even you. the more houses on the market, the more your home value falls. So if they are going to pass a bill, and they are, then I am glad they did put something in there for the little guy, the taxpayer, the worker, who maybe lost their job, lots have, rather than just the guys wearing 3 thousand dollar custom made suits, gucci loafers, and who has a 10 million dollar loft downtown, a 20 million dollar vacation home in the hamptons, and a helicopter to get him back and forth between the two.
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I will be suprised if there's anything in there about using the money to help individuals in trouble pay their mortgages. That's too much like communism for these fascists. Their style is more "save the firms, still let the market collapse, and then go in after the fact with new loans and new buyers, probably foreign banks. " America is being sold to foreign powers.
 
Watermark said:
LOL

LadyT opposes bailing out homeowners because she thinks it will hurt her portfolio.
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If my house value falls, you know what that means? I bought at the wrong friggen time! if my 401K fails, it means I wasn't diversified. Unless we're ALL getting subsidized for poor investment decisions NONE of us should be.

nothing that is being discussed is the result of an uncontrollabled event. people chose to make investments and they failed. That's life.

suck it and move on.
 
Well I'm glad I shut Chapdog the scaremonger up.....

Chapdog reminds me alot of President Bush.... Just trying to scare people...

CK
 
LadyT said:
I'm seriously going to try my damnest to get some $$ out of this. That's not right. NONE of them should be bailed out. The idiot who bought too much house and the idiots that gave him the money to do it.
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Well, seriously, what I have been wondering is, I have a very close friend, who thanks to NAFTA, makes 1/3 of what she used to make as a sales executive in the bedding industry in NYC. And several years ago when she first lost her job, she fell really behind on her mortgage, to the point where she almost lost her house. Obviously she was not paying her credit card bills, so her credit is a mess now. But she managed to hang onto her house. Today, she has a job, but as I said, at 1/3 less, and she really struggles. And if anything can come out of this, for her, somehow, then I'd be happy to see that.

I dont' think that when people lose their jobs because their industries have been decimated by globalization, and even attempt suicide, and almost lose their homes, that they are at fault. I really want to find out if she can in any way get some help out of this. God knows I'd rather see her have it, than some fucking greaseball on wall street, and hey, I know those guys -used to work there, my father was an exec at drexel back in the day too. They're as big of goons and assholes as you have heard.
 
Darla said:
Well, seriously, what I have been wondering is, I have a very close friend, who thanks to NAFTA, makes 1/3 of what she used to make as a sales executive in the bedding industry in NYC. And several years ago when she first lost her job, she fell really behind on her mortgage, to the point where she almost lost her house. Obviously she was not paying her credit card bills, so her credit is a mess now. But she managed to hang onto her house. Today, she has a job, but as I said, at 1/3 less, and she really struggles. And if anything can come out of this, for her, somehow, then I'd be happy to see that.

I dont' think that when people lose their jobs because their industries have been decimated by globalization, and even attempt suicide, and almost lose their homes, that they are at fault. I really want to find out if she can in any way get some help out of this. God knows I'd rather see her have it, than some fucking greaseball on wall street, and hey, I know those guys -used to work there, my father was an exec at drexel back in the day too. They're as big of goons and assholes as you have heard.
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Well, I'd like to see myself helped out too. Especially since everyone else is going ot have their hands in the cookie jar.
 
Darla said:
Well, seriously, what I have been wondering is, I have a very close friend, who thanks to NAFTA, makes 1/3 of what she used to make as a sales executive in the bedding industry in NYC. And several years ago when she first lost her job, she fell really behind on her mortgage, to the point where she almost lost her house. Obviously she was not paying her credit card bills, so her credit is a mess now. But she managed to hang onto her house. Today, she has a job, but as I said, at 1/3 less, and she really struggles. And if anything can come out of this, for her, somehow, then I'd be happy to see that.

I dont' think that when people lose their jobs because their industries have been decimated by globalization, and even attempt suicide, and almost lose their homes, that they are at fault. I really want to find out if she can in any way get some help out of this. God knows I'd rather see her have it, than some fucking greaseball on wall street, and hey, I know those guys -used to work there, my father was an exec at drexel back in the day too. They're as big of goons and assholes as you have heard.
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The wallstreet goons consider stories like this evidence of progress.
 
Darla said:
Well, seriously, what I have been wondering is, I have a very close friend, who thanks to NAFTA, makes 1/3 of what she used to make as a sales executive in the bedding industry in NYC. And several years ago when she first lost her job, she fell really behind on her mortgage, to the point where she almost lost her house. Obviously she was not paying her credit card bills, so her credit is a mess now. But she managed to hang onto her house. Today, she has a job, but as I said, at 1/3 less, and she really struggles. And if anything can come out of this, for her, somehow, then I'd be happy to see that.

I dont' think that when people lose their jobs because their industries have been decimated by globalization, and even attempt suicide, and almost lose their homes, that they are at fault. I really want to find out if she can in any way get some help out of this. God knows I'd rather see her have it, than some fucking greaseball on wall street, and hey, I know those guys -used to work there, my father was an exec at drexel back in the day too. They're as big of goons and assholes as you have heard.
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I know quite a lot of sales people and they are doing pretty much the same as ever. NAFTA started in the early 90's, did some Mexican bedding sales reps provide too much competition to the point where she lost that much and why did this all of a sudden happen now?
It just sounds like some pieces are missing or not right in this story.

In any case, people who lose a house, then have to buy a smaller house or live in an apartment, we went through that when I was 6. It's tough but you move on and eventually do better.
 
CanadianKid said:
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
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Penis wrinkle, you don't have much knowledge about how interconnected everything is. This may not even work but at least this attacks the root cause of the problem and gives us a chance. If this fails 700B will be the least of our problems. The outrage at an attempt to keep us from recession that would be deeper and longer then 2000 and make 700B look like a drop in the bucket really shows the complete lack of understanding people have.
 
Chapdog said:
Penis wrinkle, you don't have much knowledge about how interconnected everything is. This may not even work but at least this attacks the root cause of the problem and gives us a chance. If this fails 700B will be the least of our problems. The outrage at an attempt to keep us from recession that would be deeper and longer then 2000 and make 700B look like a drop in the bucket really shows the complete lack of understanding people have.
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Blah Blah Blah..... So the 5th biggest investment bank on Wall Street went bankrupt.... That must mean all of WallStreet is going bankrupt right?

Its all interconnected as you say.... What a load of monkeyshit....

Chapdog tell me who your Bush Administration contact is....So I can email them a big FUCK OFF email....

CK
 
AssHatZombie said:
The wallstreet goons consider stories like this evidence of progress.
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Yeah, and she's a very close friend of mine. She might not even be able to keep this job long term. One of her biggest customers, Linens and Things, declared chapter 11 recently. So first she had the NAFTA affect which just really decimated the manufacturing industries in this country, even ones you don't think of, like who thinks of manfacturing bedding? But someone does it. And now she has the problems of a lot of stores going out of business. She's the National Sales Manager. She worked really hard to get that position. And she's not stupid.

The bad thing is that these days, if you lose your job and ruin your credit rating trying to hold onto your house, you have nowhere else to go. You can't even get an apartment without good credit, never mind a condo or something. At least here in NY it is that way. I worry about her more than anyone I know, because she is in the most precarious position. But I also know, that there are many more like her out there right now. That's why you are seeing the reports, but only if you are reading them, that this has gone way beyond sub primes. People who had good credit, and have regular mortgages are starting to default. They dont' have jobs man! If they get another one it is at a fraction of what they were making. When are we going to wake up, I don't know.
 
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