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jesus christ, is it possible to actually let an institution fail in this country???
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| Shakka |
| Why do these s continue to bail out every single piece-of- company that made poor decisions. They are wreaking havoc with the markets and the economy. First Bear, then Fannie & Freddie, next Lehman, next GM and Ford...Capitalism and free markets only work if you allow for the risk of failure as well as the potential of success. This is ing pathetic. |
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| Lebezniatnikov |
| I'm admittedly out of my depths on financial issues, so I'll just ask a question. What would happen to the market if Lehman is allowed to fail? Wouldn't that have a fairly significant impact on investor confidence and all that jazz? |
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| Capitalizt |
| Glad you see it Shakka.. Both parties in Washington are responsible too. They have accepted these bailouts as necessary and proper roles for the federal government. I hope more people realize how disastrous this is for the country in the long run. Full blown socialism is just a heartbeat away. Cash out your stocks and protect yourself from the fools in government while you still can. They've crushed gold and silver over the past few weeks...might be a smart time to pick some up and bury it in your backyard. It's one of the few things that will still have value when the smoke clears. |
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| LazFX |
| quote: | Originally posted by Capitalizt
Glad you see it Shakka.. Both parties in Washington are responsible too. They have accepted these bailouts as necessary and proper roles for the federal government. I hope more people realize how disastrous this is for the country in the long run. Full blown socialism is just a heartbeat away. Cash out your stocks and protect yourself from the fools in government while you still can. They've crushed gold and silver over the past few weeks...might be a smart time to pick some up and bury it in your backyard. It's one of the few things that will still have value when the smoke clears. |
you know, no matter how crazy that sounds...... it is some sound advice....
thats why I am moving out to the country with me gold! arrrgh :thepirate
and guns, it could get bad, right around 12-21-12 :nervous: |
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| Shakka |
| quote: | Originally posted by Lebezniatnikov
I'm admittedly out of my depths on financial issues, so I'll just ask a question. What would happen to the market if Lehman is allowed to fail? Wouldn't that have a fairly significant impact on investor confidence and all that jazz? |
Yeah, theoretically it would be very bad given all of the counter-party risk involved--that was rationale behind Bear Stearns, though I don't see it with GM and Ford. Keep an eye on AIG though--they have to have massive counterparty risk and that is a huge concern.
Bad as it may be, I don't see a positive end game for this whole credit crunch/cycle based on the data I've seen over the years. I'd rather have a sharp, but hopefully short period of pain with bad players and weak holders allowed to fail, than to drag it out for years, putting billions, if not trillions in taxpayer funds at risk for what ultimately needs to happen anyway. We've dug this hole and we need to get out. The government is only getting in the way. |
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| Dj Smitty20 |
| quote: | Originally posted by LazFX
you know, no matter how crazy that sounds...... it is some sound advice....
thats why I am moving out to the country with me gold! arrrgh :thepirate
and guns, it could get bad, right around 12-21-12 :nervous: |
with your gold eh arrghh?:thepirate That reminds me of an answer I was marking on a second year European history exam. the question was, in a paragraph worth five marks, describe Sir Francis Drake and his significance to history. This one student wrote "He was a pirate argggghhhhhh" and drew a little smiley with an eye patch. I gave the kid a 1 out of 5 and he failed the exam, but goddamn he made me laugh for hours.
So yeah. What is this about 2012? Planet X, end of the world, all that ? |
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| Krypton |
| I don't ever want to hear a Republican label Obama or Democrats as socialists or marxists. Clearly, the Republicans hold that title. |
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| Shakka |
| quote: | Originally posted by Krypton
I don't ever want to hear a Republican label Obama or Democrats as socialists or marxists. Clearly, the Republicans hold that title. |
There is more than enough blame to go around on both sides. Schumer and Frank would love nothing more than to re-capitalize Fannie and Freddie as they were and get their precious lobby dollars back. |
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| DrUg_Tit0 |
| quote: | Originally posted by Shakka
Why do these s continue to bail out every single piece-of- company that made poor decisions. They are wreaking havoc with the markets and the economy. First Bear, then Fannie & Freddie, next Lehman, next GM and Ford...Capitalism and free markets only work if you allow for the risk of failure as well as the potential of success. This is ing pathetic. |
Oh well..maybe you can move to France. I heard even they occasionally let a company or two go down :) |
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| Shakka |
| quote: | Originally posted by DrUg_Tit0
Oh well..maybe you can move to France. I heard even they occasionally let a company or two go down :) |
France is starting to look like a bastion of capitalism compared to the U.S. lately! And they get 80% of their energy from nuclear power! |
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| Clovis |
| quote: | Originally posted by Shakka
France is starting to look like a bastion of capitalism compared to the U.S. lately! And they get 80% of their energy from nuclear power! |
:D :D |
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| Krypton |
| quote: | Originally posted by Shakka
There is more than enough blame to go around on both sides. Schumer and Frank would love nothing more than to re-capitalize Fannie and Freddie as they were and get their precious lobby dollars back. |
It's well-known the Democrats do advocate government intervention during a crisis. They're called socialists, liberals, even marxists for it. But when Republicans do the exact same thing, oh, they're the free-market party...:rolleyes: |
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