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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
09-23-2008, 01:01 PM
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#1
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sick of bluefish
Join Date: Aug 2003
Location: TEXAS
Posts: 8,672
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My take - be VERY afraid. This is huge and will have massive implications. I dont have a solution, bus since when is the governement with a ton of money ever a feasible solution?
Johnny - I agree in spirit with the let em fail philosphy, but what that means is that major credit markets will go belly up, which could result on runs on banks, and major paralysis. When we think "loans" we think home, car, etc, but what we are seeing in impact in is the daily flows of credit, for example, very day businesses move cash between other businesses, this his how your money market mutual funds make money. Now, those are at risk! Noone wants to move the money which paralizes the economy. This is bad $hit. I am afraid!
Nebe - I dont think the poor are gettign screwed, I think in the end they'll end up living free in houses they cant afford and we'll pay for.
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making s-b.com a kinder, gentler place for all 
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09-23-2008, 01:59 PM
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#2
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,711
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Jim, what I meant about the poor being screwed was this- if the goverment just bailed out wall street due to the mortgage crisis, why dont they bail out the people who cant pay their mortgage? If someone goes into forclosure and is about to loose thier property, I dont see Uncle Sam stepping up to save them?
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09-23-2008, 02:13 PM
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#3
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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In the congress' version of the bill, the bankruptcy judge can rule to reduce payments
and
there also is a cap on executive pay to no more than the highest salary in federal government.
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09-23-2008, 07:07 PM
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#4
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Registered Grandpa
Join Date: Nov 2003
Location: east coast
Posts: 8,592
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So where's the outcry from congress for an investigation into the cause of all this mess??
I mean they did finish up on the baseball steroid investigation didn't they.   |
" Choose Life "
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09-23-2008, 07:47 PM
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#5
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Registered Grandpa
Join Date: Nov 2003
Location: east coast
Posts: 8,592
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FBI is in on it now.  Oh yeah.  |
" Choose Life "
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09-23-2008, 07:58 PM
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#6
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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Ahmadinejad: 'American empire' nearing its end
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09-26-2008, 05:45 AM
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#7
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Registered User
Join Date: Sep 2006
Location: Mansfield
Posts: 4,834
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Quote:
Originally Posted by Nebe
Jim, what I meant about the poor being screwed was this- if the goverment just bailed out wall street due to the mortgage crisis, why dont they bail out the people who cant pay their mortgage? If someone goes into forclosure and is about to loose thier property, I dont see Uncle Sam stepping up to save them?
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And why doesn't the goverment provide us all with housing. And toilet paper rations, and limit the number of children we have. That's the America I dream of  |
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