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Wallstreet- $700 billion proposed bailout!
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| digitalbreach |
Have not seen anything regarding the proposed bailout of Wallstreet on TA yet.
Was wondering what you guys felt about it?
A. I think its good for the economy
B. I don't want to bail out company's who did bad investments with my own tax money
c. What is Wallstreet?
Here's a good article i finished reading on Wired
article
:eek: |
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| ChemEnhanced |
The entire thing makes no sense.
They want tax payers to bail them out when the tax payers can't even afford to pay for their mortgages.....which is part of the reason why these companies are in this position. |
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| elFreak |
| sweep it under the rug until everything goes to imo. |
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| keithos27 |
| it's a necessary evil... without the bailout the ripple effect would be too large in the financial services industry. besides, it's hardly going to effect each individual person that greatly (the taxes)... |
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| SuspicionVandit |
I think it's good.
We are just flexing our financial power to other countries like China, Madagascar, Darfur and Zimbabwe saying "hey, $700 billion? that's nothing." Just put all that money onto a C-130, dip it into gold, and fly them into the sun!
reminds me of this:
http://www.rawstory.com/news/2007/D...for_9_0209.html
pure ballas |
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| elFreak |
| quote: | Originally posted by SuspicionVandit
I think it's good.
We are just flexing our financial power to other countries like China and Zimbabwe saying "hey, $700 billion? that's nothing." Just put all that money onto a C-130, dip it into gold, and fly them into the sun!
reminds me of this:
http://www.rawstory.com/news/2007/D...for_9_0209.html
pure ballas |
what flexing to china?
you realize the us is essentially in hock to the central bank of china right now don't you? |
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| ChemEnhanced |
| quote: | Originally posted by keithos27
it's a necessary evil... without the bailout the ripple effect would be too large in the financial services industry. besides, it's hardly going to effect each individual person that greatly (the taxes)... |
its a short term solution that doesn't solve the problem....eventually the market will collapse and the USA will fall into a major depression which will basically cripple western society....leaving China to take over as the Super Power and invade north america and we will all fall to communist leadership. |
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| elFreak |
you are wrong about the communist part or invasion.
this whole thing will signal the end to the hegemony though. |
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| Zoso |
| Wait, you mean we can't get out of debt by borrowing more money?! Oh shiat! :eyespop: |
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| ChemEnhanced |
| quote: | Originally posted by Zoso
Wait, you mean we can't get out of debt by borrowing more money?! Oh shiat! :eyespop: |
I wonder if the President gets daily calls from collection agencies. |
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| digitalbreach |
| quote: | Originally posted by ChemEnhanced
its a short term solution that doesn't solve the problem.... |
was definitely the same outcome with the tax incentive we got earlier this year when it wasn't technically a 'recession' yet. Now we are hearing the words 'depression'....sad day. |
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| keithos27 |
| quote: | Originally posted by ChemEnhanced
its a short term solution that doesn't solve the problem....eventually the market will collapse and the USA will fall into a major depression which will basically cripple western society....leaving China to take over as the Super Power and invade north america and we will all fall to communist leadership. |
umm, okay. i wouldn't hold my breath on that one. :)
it IS a short-term solution and i'm not 100% up-to-date on all of the facts, but it's a very powerful signal to wall street that people are trying to make things better. do i think it's perect, of course not. do i think any solution is perfect, of course not.
i'm just as interested in learning why lehman brothers got the cold shoulder when they looked for help and thus had to file bankruptcy 24 hours later. |
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