Crunch

[Rog]

Originally Posted by bas_I_am

Third this is not about bailing out the greedy mortgage brokers and bond insurers.

yes it fuckin is! the time has come for a great change in world economics.... if this, and other, 'bail-outs' occur in the form that has been put forward then the people with the money will not suffer, they will learn nothing except they can rip us all off at will and we will get more of the same.

[Strangelet]

Originally Posted by Sean

Personally, I don't like the idea of bailing out these companies that have created the problem we're in to begin with. But as far as I can tell, not bailing them out would actually hurt all of us even more than what happened yesterday. We need to do it smart and fast.

I really don't know. I mean its straight fascism. Everyone on the talking head network is calling it socialism in this smug antipathy towards the free market and capitalism, but it would only be socialism if we did what Beautiful Burnout described happening in the UK. Fanny Mae and Freddy Mac are just owned by the government. This is fascism.

I'm willing to even look past that detail if its pragmatically going to help out. But when you have the people who called this from the beginning, when everyone else was laughing in their faces, saying that the bail out is bad, I have to say its worth some investigation.

As Ron Paul asked. do you want a bad couple of years or do you want a bad decade?

[chuck]

Don't want to hijack the thread - as it's a good one. But have to agree with Sean on this one - and for me John's interjections do get a little tedious.

I always imagine this as a spoken conversation - that we're around a table and we come and go between tables/threads to add our piece, after listening to what others have to say. Sometimes we react vehemently, sometimes we're droll, sometimes we totally misread someone's comments.

John's commentary - as I imagine it in my head - spoken out loud - is generally irrelevant, with regards to the conversation that's taking place. (And yeah, I know there's a whole 'nother thread of therapy about why I'm imagining all these voices in my head. )

Not disrespecting JR as an individual or a human - let's just say I've got a JR darktrain filter that works very well. I don't use the ignore function. It just makes these conversations seem even more dislocated.

I suppose I'm being an old bugger by thinking that most here would talk/explain themselves in the online form, much like they would in the real life form - and so I'm naturally confused by many of JR's comments.

Back on topic.

How is the bailout failure affecting you?

Some interesting thoughts here, particularly with the long term view - and asking the valid question - how will it directly affect little old me.

I've been cutting back on some expenditure, being a bit more prudent with car use - I'm lucky enough to own my house - and payments are well under control. To be honest most of those cost cutting measures have been as a result of the oil price hikes over the winter. So all before this collapse.

That and the fact that I'm due to become a Dad for the first time in March of next year - it changes how you view the important things.

What you need to know - Bailout 101

A good summary with linkage there too.

[jOHN rODRIGUEZ]

It will come full circle in the near future chuck.

Thanks for the link BTW.

Love the last paragraph.


Rebuttal:
tedious - tiresome because of length or dullness. Neither apply to me, you'll need to find a new word I guess.(I want my damn smiley things back)

[Troy McClure]

Vote is going on now in Senate. I'm watching on CSpan online. Obama, Biden and McCain all voted 'yes'. Passed 74 - 25.

Jason

[nosajmunson]

Originally Posted by Troy McClure

Vote is going on now in Senate. I'm watching on CSpan online. Obama, Biden and McCain all voted 'yes'. Passed 74 - 25.

Jason

Well, if McCain voted, wouldn't that count for more than the other senator's votes. I mean, he is the one who is going to fix this thing isn't he?

He does have like 9 houses and 13 cars. Plus his wife's dress at the RNC cost almost as much a the president's yearly salary. Yeah, old gramps McCain's vote should count more because he's got more "invested" in the market than 90% of America.

If he votes yes, then it should be a done deal. Too bad Palin can't vote in this. It's not cause she's the Gov. of Alaska. It's because she can't spell vote.

Seriously, I hope this does pass though. I'm stoked that the taxes taken out of my hard earned check can bailout a bunch of Wall Street Suits. I mean, I didn't need that money to care for my sick child or anything.
And don't worry Wall Street. I'm getting a good raise soon, so you'll have extra from me when you fuck up again next year!

Cheers!

[chuck]

Holy shit.

Stewart was pissed last night.

Kill Bill Vol 1.

"Listen up Congress, get the fuck back to work!"

hahaha

[jOHN rODRIGUEZ]

Come on, I'm bored.

Great Link. I'm totally bored again.

[dubman]

there is a point where people just talk complete nonsense though.
not saying it's in this thread, because it isn't
but there's an awful lot of opinion where a receptive audience is more than it deserves.

[Strangelet]

Originally Posted by dubman

there is a point where people just talk complete nonsense though.
not saying it's in this thread, because it isn't
but there's an awful lot of opinion where a receptive audience is more than it deserves.

seriously. that's why i'm not responding. my level of information is tapped after two pages on this thread. just have to see what happens to the market after the bailout. this next few months should prove interesting.