I wouldn't say it's failed... just that this first shot at a bailout failed. They'll go back to the drawing board and work out something else.
Sep-29-2008 20:44
yankeeBaby
Keepin it real....
Registered: Feb 2005
Location: Upper West Side NYC
quote:
Originally posted by love_child
I dont give a shit...I just live my life as best I can.
Wow (on so many levels...) that is the most retarded statement I have seen on this forum in weeks or months even.
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Sep-29-2008 20:45
PurpleHaze
Supreme tranceaddict
Registered: Nov 2006
Location: leaning against the speaker stack
quote:
Originally posted by Vivid Boy
basically obama and Mccain are going to tell their repunbicans and democrats that they need to fuckin vote yes. and willprobably tell them "i;m not your boss yet, but i will be. Vote yes."
trust me it'll go through and if they vote no I'm sur etheyll push it through anyways
I dunno...I don't believe that this plan alone + forcing to vote "yes" will be sufficient enough!
Something needs to be changed/added/tweake in order for something similar to this bailout plan to go through
Sep-29-2008 20:45
Vivid Boy
TA's GodFather
Registered: Sep 2001
Location: T.O
quote:
Originally posted by PurpleHaze
I dunno...I don't believe that this plan alone + forcing to vote "yes" will be sufficient enough!
Something needs to be changed/added/tweake in order for something similar to this bailout plan to go through
I don't believe it will be the be all or end all either. i don't even support it. However the people in power support it BIG TIME and when they want something they find a way to get it.
Sep-29-2008 20:52
cammaxwell
Supreme tranceaddict
Registered: Mar 2007
Location: Toronto, Canada
I don't see why people are against the bailout?
It's not even a "bailout", the government would just be buying up the mortgages of homes that have dropped in value to below the loan amount.
The banks can't afford to hold on to them, but the government can.
If they hold them till the market turns, say 4-7 years, they could cash out and make billions....
Those properties won't stay undervalued for too long, there not making anymore land.
Those properties won't stay undervalued for too long, there not making anymore land.
MARS!
Sep-29-2008 20:55
Vivid Boy
TA's GodFather
Registered: Sep 2001
Location: T.O
quote:
Originally posted by yankeeBaby
Wow (on so many levels...) that is the most retarded statement I have seen on this forum in weeks or months even.
and for once it didnt come from me
Sep-29-2008 20:55
The Ear
Built for debauchery
Registered: May 2004
Location: Toronto, Canada
Perhaps people should have realized that this was coming a good while back, b/c there has been every indication that this was coming for over the past 1.5yrs. But people are sheep, & didn't look at the information, just the opinions published in the media (who are people that are just as clueless as the average investor), and now they're fucked right along with the banks.
Sep-29-2008 20:56
VDub
Scoundrel
Registered: Feb 2008
Location: Toronto
My god China is laughing right now....
They have TRILLIONS in US cash stockpiled away.....
Fuckin stupid Americans...
That idiot Bush is bringing down the strongest country in the world....
10 BILLION per month being wasted in Iraq......
And some news for you all...
That bailout....NOT American money....
$143B is from the Bank of Canada alone....
US is "calling in favors"...
Stupid Americans.....
(Most...not all)
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quote:
Originally posted by chinamon
chinamon is INCH MOAN.
LOL so fitting.