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 Forum index » Off-Topic Section » Off-Topic Discussion
The bailout for 700billion was a _____ idea
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Jerkazoid


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PostPosted: Thu Oct 09, 2008 9:17 am    Post subject:  The bailout for 700billion was a _____ idea
Subject description: what happened, why? who can i blame?
 

the global pool of money did what in 2000's ?
why did mortgage look good?
why was a NINA created?
how come CDS is unregulated but every other insurance is?
why is a smart principal called netting an economic STD?
what the hell is all this about?

how did it happen?


http://www.thislife.org/Radio_Episode.aspx?episode=355
click "full episode" to listen

2nd report
http://www.thislife.org/Radio_Episode.aspx?episode=365
click "full episode" to listen

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Torrent


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PostPosted: Thu Oct 09, 2008 12:32 pm    Post subject:  



Happy Yom Kippur.
/off to holiday dinner

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Jerkazoid


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PostPosted: Thu Oct 09, 2008 1:53 pm    Post subject:  

wait i tried to make this a poll did i screw it up or it get deleted?

the question was "good idea?" yes? or no?

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oleo79

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PostPosted: Tue Dec 02, 2008 5:21 am    Post subject:  

It's against everything America stands for, to have the government choosing who "lives" and who "dies".

Capitalism? Oh look, there's some rich folk, lets just take their money away and give it to the poor. Oh no, poor joey fell down, lets give him money. Seriously...come on.

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Jerkazoid


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PostPosted: Tue Dec 02, 2008 8:07 am    Post subject:  

oleo79 wrote:
It's against everything America stands for, to have the government choosing who "lives" and who "dies".

Capitalism? Oh look, there's some rich folk, lets just take their money away and give it to the poor. Oh no, poor joey fell down, lets give him money. Seriously...come on.

so 1 vote for "bad" idea

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Torrent


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PostPosted: Tue Dec 02, 2008 12:05 pm    Post subject:  

The Iraq War has costed over 800 billion dollars. I say the government owes us.
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I don't wanna follow Death And All of His Friends
http://lld101.com/viewtopic.php?t=44473 (for my own reference)
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Waramp


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PostPosted: Tue Dec 02, 2008 12:40 pm    Post subject:  

oleo79 wrote:
It's against everything America stands for, to have the government choosing who "lives" and who "dies".

Capitalism? Oh look, there's some rich folk, lets just take their money away and give it to the poor. Oh no, poor joey fell down, lets give him money. Seriously...come on.


yep, that's pretty much how it is up here in backwards ol' canada Rolling Eyes what a terrible place to live, i hate the government taking care of me Sad

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Wank


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PostPosted: Tue Dec 02, 2008 2:31 pm    Post subject:  

Wouldn't say its a bad idea, since it was arguably necessary. The way we got to this point is very wrong.

Anyone else see the beginning of Socialism? Corruption, mass stupidity, Obama winning... it all adds up.

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Jerkazoid


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PostPosted: Tue Dec 02, 2008 6:21 pm    Post subject:  

the dial may move in favor of regulation, but its not socialism......, well, not yet. Surprised

Thomas Fingars US intelligence report details india and china by the 20's emerging as dominate forces

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Grim04

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PostPosted: Tue Dec 02, 2008 10:41 pm    Post subject:  

The company is selling itself anyways... so the bailout was a waste.
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Jerkazoid


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PostPosted: Tue Dec 02, 2008 11:16 pm    Post subject:  

you are speaking of the $150 bn to AIG and how AiG is now selling portions of its position to places like japan and abu Dhabi?

http://www.boston.com/business/articles/2008/12/02/aig_sells_private_bank_to_abu_dhabi_firm_for_254m
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUST27403620081203

or another co?

also, this is an old thread, incase anyone missed it another 800bn for commercial paper was added last week.



frontline finally did a report.
http://www.pbs.org/wgbh/pages/frontline/meltdown/view/
disappointing imo, not nearly enough of the full story/history of how/why that makes it such a crucial lesson in "theory" social vs capital

whats worse i can tell most people know very little of how this happened, and the links i provided on the reporting done of how/why has it all, very clear. crystal. but thats another issue, people tend to make up their minds on principal without always a lesson on the specifics Sad

the 5 questions i pose is a litmus test, until you can answer or even just ponder them, u know "NOTHING!" as Jim Cramer put it in aug 07
NOTHING on the issue,.. had u been able to answer them, and understand them, u would likely have much more to say imo, and it would have a better point too.

http://www.thedailyshow.com/video/index.jhtml?videoId=221518&title=jim-cramer-unedited-interview
2:11 sec

These guys at these companies were on a Sherman’s March through these companies financed by our 401ks and all the incentives of their companies were for short-term profit and they burned the f----g house down with our money and walked away rich as hell!

No jokes their Daily show, bravo!
god i wish it was Rick santelli they bruised up,, that man is a MORON,
his logic; "shark" should blame the bait for being easily tricked, dieing off too quickly and starving the shark.. and refuses to take responsibility and out of principal would never cultivate his own bait.

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