|
| Thread: Fannie Mae/Freddie Mac Bailout |  This thread is pages long: 1 2 3 4 5 6 · «PREV / NEXT» |
|
Moonlith
Bad-mannered
Supreme Hero
If all else fails, use Fiyah!
|
posted March 23, 2009 02:28 PM |
|
|
No doubt from very 'professional' resources that the government trusted enough to listen t-- Oh wait.
Now you're just being paranoid Mvass  The experts claim there is no bubble, so there isn't one, mkay?
____________
|
|
DeadMan
Known Hero
The True Humanitarian
|
|
posted March 23, 2009 02:55 PM |
|
|
Quote:
The latest in the 3 ring circus that is the bailout. After recieving Billions (with a B) in bailout money AIG gave their executives 1.2 (or 3) Billion (with a B) in incentives. Is that nuts or WHAT?! So we give them this money just so they can make their uber wealthy excutives richer. Man..people are right. We Americans are CHUMPS.
It's a sad statement of human greed brought upon by capitalism. A business ate itself to death, and is now getting the flesh of the public to feast upon.
____________
I don't matter. You don't matter. But we matter.
|
|
mvassilev
Responsible
Undefeatable Hero
|
|
posted March 23, 2009 09:30 PM |
|
|
Moonlith:
Plenty of experts claimed that there was a bubble, too. And they were hardly socialists.
DeadMan:
No, a more accurate representation would be that the managers know that AIG is no good, so they just took the bailout money and ran away with part of it.
____________
Eccentric Opinion
|
|
Moonlith
Bad-mannered
Supreme Hero
If all else fails, use Fiyah!
|
|
posted March 24, 2009 01:43 AM |
|
|
Quote:
Moonlith:
Plenty of experts claimed that there was a bubble, too. And they were hardly socialists.
And nobody gave a snow, nobody cared, they got mocked and called paranoid.
I can almost relate
____________
|
|
mvassilev
Responsible
Undefeatable Hero
|
|
posted March 24, 2009 02:18 AM |
|
|
Quote:
And nobody gave a snow, nobody cared, they got mocked and called paranoid.
They weren't mocked or called paranoid - the general consensus was that there was going to be some kind of readjustment in the housing market, it's just that there was no agreement about when or how extreme it would be.
____________
Eccentric Opinion
|
|
Moonlith
Bad-mannered
Supreme Hero
If all else fails, use Fiyah!
|
|
posted March 24, 2009 02:24 AM |
|
|
Riiiiiight, so they deemed the risk 'acceptable' enough not to bother preparing 'just in case'.
____________
|
|
mvassilev
Responsible
Undefeatable Hero
|
|
posted March 24, 2009 02:34 AM |
|
|
Some prepared - like many of the smaller banks. Others decided to risk it and not prepare, hoping that they'd get out of the market before things would turn bad.
____________
Eccentric Opinion
|
|
MrCash
Adventuring Hero
|
|
posted March 25, 2009 04:17 AM |
|
|
|
We might as well bail out Bernard Madoff while were at it. I cant believe this but these multi million $ corporations appear to be a greater threat to us than terrorists! We bail out wealthy, irresponsible companies who in turn use the money for themselves even if the economy gets screwed up in the end...Cmon!
|
|
DeadMan
Known Hero
The True Humanitarian
|
|
posted March 25, 2009 02:54 PM |
|
Edited by DeadMan at 14:55, 25 Mar 2009.
|
Quote:
No, a more accurate representation would be that the managers capitalists know that AIG capitalism is no good, so they just took the bailout money labor of the proletariat and ran away with part of it.
Fixed.
____________
I don't matter. You don't matter. But we matter.
|
|
DagothGares
Responsible
Undefeatable Hero
No gods or kings
|
|
posted March 25, 2009 03:31 PM |
|
|
So banking is synonymous with capitalim... Sure, why the hell not?
____________
If you have any more questions, go to Dagoth Cares.
|
|
Mytical
Responsible
Undefeatable Hero
Chaos seeking Harmony
|
|
posted March 26, 2009 05:22 AM |
|
|
What happened to the Anti-Monopoly system we had once. Which guaranteed that no business would get big enough that its loss would cripple our economy?
____________
Message received.
|
|
mvassilev
Responsible
Undefeatable Hero
|
|
posted March 26, 2009 01:38 PM |
|
|
|
DeadMan
Known Hero
The True Humanitarian
|
|
posted March 26, 2009 02:49 PM |
|
|
Quote:
So banking is synonymous with capitalim... Sure, why the hell not?
If the banks are privately owned (and they are), then it is capitalism.
____________
I don't matter. You don't matter. But we matter.
|
|
Mytical
Responsible
Undefeatable Hero
Chaos seeking Harmony
|
|
posted March 27, 2009 07:35 AM |
|
|
Monopoly - Wal-Mart. If it would go under, even as poorly as it pays its workers and the lousy benefits it gives the US economy would be 10x worse off then it is right now. AIG - We are told that it is too big to fail or it will cripple our economy. Why give these behemoths a golden parachute? Why not use the money to create competitors? Any jobs lost because of AIG or Wal-Mart could be easily offset with the 'bailout' money. And healthy competition actually makes business streamline themselves. Win/Win.
____________
Message received.
|
|
mvassilev
Responsible
Undefeatable Hero
|
|
posted March 27, 2009 01:32 PM |
|
|
Wal-Mart is not a monopoly. I think you need to look up what "monopoly" means.
But bailout money is only borrowing from the future. Every job created with it now is more than one job destroyed in the future.
____________
Eccentric Opinion
|
|
Mytical
Responsible
Undefeatable Hero
Chaos seeking Harmony
|
|
posted March 28, 2009 05:17 AM |
|
|
Hmm, yet when Wal-Mart moves into an area, nothing can compete with it. Odd. True it is not like the official monopoly that most people think of, but this is a different time. However, it kills the competition in most areas it moves into. Even if another of it's 'major' competitors are already there and have been there for awhile.
____________
Message received.
|
|
mvassilev
Responsible
Undefeatable Hero
|
|
posted March 28, 2009 05:21 AM |
|
|
Um... no. Wal-Mart doesn't kill K-mart, or Target, or any of those. The only thing it kills is old dusty overpriced mom-and-pop stores - and good riddance, IMO.
____________
Eccentric Opinion
|
|
Mytical
Responsible
Undefeatable Hero
Chaos seeking Harmony
|
|
posted March 28, 2009 05:28 AM |
|
|
Hmm I guess you have not lived in the same areas I have, or felt the impact that Wal-Mart has. I've seen it close down K-Marts, and Targets, and just about everything else when it has moved in. Mostly killing the economy of the place also. See those 'pop' stores as you call it use to pay GOOD wages, and take CARE of their employees. But they could not compete with the minimum wage, unlimited budget, and no health care of wal-mart.
Tell ya what, leave everything behind for 6 months. Work as a minimum wage person at wal-mart in the town I call home. See how much you like Wal-Mart then.
____________
Message received.
|
|
mvassilev
Responsible
Undefeatable Hero
|
|
posted March 28, 2009 05:30 AM |
|
|
My town has a Wal-Mart. The nearby town has two Wal-Mart Supercenters and a Target is opening. Wal-Mart hardly has a monopoly in my area. And it benefits the poor much more to have much cheaper products than slightly higher wages. Wal-Mart is the poor's best friend.
____________
Eccentric Opinion
|
|
Mytical
Responsible
Undefeatable Hero
Chaos seeking Harmony
|
|
posted March 28, 2009 05:45 AM |
|
|
You go ahead and think that Mvass. I'd rather shop at Costco, or the local businesses. Funny thing is I am rather frugal with my money, maybe because I barely scrape by. I've seen quite a few towns loose a awful lot because they were convinced a Wal-Mart was a good idea. Only to wake up one day and see a row of empty building that were eyesores. Where businesses use to be. Then come the increasingly lower wages.
Bah, this is getting way off topic and it's not worth it...
____________
Message received.
|
|
|
|
