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  Topic Review (Newest First)
09-25-2008 04:06 PM
KIRKRIDER
Quote:
Originally Posted by PaoloSmythe View Post
but then i suppose this is the exact same thing, being applied to the economic war machine. in essence, it is all the privatisation of public funds.

this has always been the case be it for terrorism irradication, space exploration or economic stability.
I would call it Corporate Socialism....where you Socialize the losses and privatize the gains.
Could also be compared to National Socialism, that should ring some bell...
And of course Curious George had to tell us yesterday night that " If we don't pay..something bad could happen"

he should have had at least a black dress and southern Italian accent...I mean.."Frankie..I'll make you an offer..you can'te refuse"

(The Godfather)
09-25-2008 06:19 AM
PaoloSmythe
Quote:
Originally Posted by pawlo View Post
well just think how much the invasion of Iraq was supposed to cost us and what it ended up costing...
initially i wondered whether this is relevent to this situation. the funding of the irak offensive, effectively retained the tax monies within private US entities, ie. the dollar went to US companies who work in efforts of warfare; McDonnell-D, Halliburton and Black water etc...

but then i suppose this is the exact same thing, being applied to the economic war machine. in essence, it is all the privatisation of public funds.

this has always been the case be it for terrorism irradication, space exploration or economic stability.
09-24-2008 08:13 PM
KIRKRIDER well just think how much the invasion of Iraq was supposed to cost us and what it ended up costing...
09-24-2008 06:26 AM
PaoloSmythe so with an addition of so much dollar (if it gains approval, and i presume that current appearances of resistence to the idea are just that... appearances to appease), is there not the chance that $700 billion to $1 trillion will simply devalue the dollar internationally?
09-23-2008 06:19 PM
KIRKRIDER
Quote:
Originally Posted by PaoloSmythe View Post
and there lies the responsibility; are you telling me that know one had any foresight over the last few decades?

there is either incompetence or corruption at the heart this
Totally agree with you, they knew it was coming and they are making billions still now as we speak, knowing that their ass was covered because the alternative is a sort of economic 911.
On the other hand having the WHOLE economy crsh ( IF that was true) would have been worse.
09-23-2008 03:14 PM
Mooz Short selling isn't bad. Naked short selling is bad. No uptick rule is BAD BAD. Both together = nightmare.

And no congress doesn't get to weasal out by trying to claim it's the responsibility of the executive branch. It isn't. They're at just as much fault.
09-23-2008 01:45 PM
baldylox
Quote:
Originally Posted by Mooz View Post
Congress is so out of touch with the rest of the nation that yes, they had zero foresight to see this coming. I blame their incompetence.
Why would they? That is the responsibility of the Executive....

Quote:
Originally Posted by Mooz View Post
I blame corruption on the big wall street players. And not just corporations mind you, individuals do a lot more to manipulate the market that you can imagine.
Everyone likes to blame the short sellers but they perform an important function where the media fails due to a lack of IQ.
09-23-2008 12:15 PM
Mooz Congress is so out of touch with the rest of the nation that yes, they had zero foresight to see this coming. I blame their incompetence. I blame corruption on the big wall street players. And not just corporations mind you, individuals do a lot more to manipulate the market that you can imagine.

A lot of the actually companies blundered into this on sheer incompetence. They didn't see it as a "wow lets milk this dry and to hell with what will happen". They saw an endless bucket of wealth and failed to pay attention to the hell they were causing.

However, bitching and moaning about what should have been done does nothing to fix the current situation. A fix would also include preventing anything like this form happening again.
09-23-2008 05:49 AM
PaoloSmythe
Quote:
Originally Posted by Mooz View Post
I know people keep making the lame "we could have national health care instead!" but if it weren't for these bail outs, health care would be the last thing on our minds.
and there lies the responsibility; are you telling me that know one had any foresight over the last few decades?

there is either incompetence or corruption at the heart this
09-22-2008 05:10 PM
Mooz
Quote:
Originally Posted by oneplankawanka View Post
Its hard to get anything done when the pretender and thief can veto anything and everthing he dislikes...or doesen't bode well for his crony shill appointees and the military industrial complex.. so socialism is good when it comes to bailing out corrupt CEO's and greedy bloodsucking corporations but not when it comes to health care or offering help to everyday people?? and we taxpayers end up holding the bag...get real "The best socialist republic we can muster?? only when it comes to the haves and the have mores??? we need change man..
That's a pretty weak excuse for not showing up on the hill to at least vote on stuff. As for the AIG and Fannie bail outs, that HAD to be done. Without going into a long economic explanation, leaving fannie/freddie/AIG to go under would have caused a global depression that would make the Great Depression looks like a rainy day at the park. And companies like AIG got wrapped up in other people's mess. They insure things like loans. They actually have 78billion MORE in assests than they have debt. They just can't convert those assest to cash overnight. And they didn't need to until panic and naked short selling bottomed out their stock in just days.

I know people keep making the lame "we could have national health care instead!" but if it weren't for these bail outs, health care would be the last thing on our minds.
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