Posted on 09/20/2008 7:03:22 AM PDT by TigerLikesRooster
no No NO NOOOOOOOOOOO
This ain’t no crisis. Its like saying the National Debt of 5 or 8 or 14 or 50 TRILLIONS of dollars is a crisis. Sure it is but it ain’t fixable and neither is this. Its all fake accounting and paper lies.
There is supposed to be one thousand trillion in problems out there. We can’t fix that.
IT IS A LIE
LET THEM DIE
Its like trying to keep the Titanic afloat with one lifejacket.
The .com buble/911 Terrorist attack dropped the market 36 percent down below 8000.
We are at 11000 today and have only declined 21 percent.
ITS A LIE, LET THEM DIE.
I've noticed some on FR would rather have that.
No some of use do not want the politicians in the business of picking winners and losers, because when they do the person that gave them the most money wins. And there is actually a thing called supply and demand.
$700 billion? That’s not even as much money as Obama is wanting to send to the U.N. as part of his Global Poverty Act, in his effort to wipeout global poverty by 2015.
This is the perfect time for McCain to do an ad about this.
////////
GOOD POINT
Wow. Yes, go after the richest. Obama/Dodd/Schumer would just LOVE your proposal!
Since we taxpayers own them now, will we be able to lower those nice fat paychecks to say 35k/yr?
BS!
Private banks were over regulated by the Feds. They were required to issue sub-standard loans.
That's anti-free market.
The dems will pass it, then six months later try to convince us that they didn’t mean it. .. or that it was their idea. Their future sounds bites will depend on which way the political winds start to blow.
The country needs some adults in Congress . . Vote Here, Vote Now!
Why is it the American taxpayer's responsibility to keep this company afloat?
The questions of what could happen if it goes under, how many people would be affected, etc. are all irrelevant. None of those issues make a case for the taxes confiscated from American citizens to be used to save their necks.
If my neighbor is in serious financial trouble, I could volunteer to help him out with my own money, and be ethically fine about it. But does his dire need give him the right to take my money against my will (or someone else on his behalf) so he can be spared the pain?
Why wasn't this company insured itself? Were they just planning on Uncle Sucker to save the day?
Un-fricken believable. Is that you Chris Dodd...Obama?
It is time to demand that the idiots in Congress and the Federal bureaucracy get out of the banking business. I can see a government interest in preventing fraud, and that’s all. Get the government out, let the banks be run like banks.
The Federal government created this mess. Why should anyone think the Federal government will solve it? The government should stop trying to get the financial industry to conform to liberal fantasies, and get the Hell out of it.
What "company" are you talking about exactly?
“Private banks were over regulated by the Feds. They were required to issue sub-standard loans.”
That’s right...
And, Senor Jorge Bush, encouraged it...
“BS!”
Mine smells just fine...
No kidding. I even went so far as to not have a credit card so I could avoid living beyond my means. Boy do I feel unnecessarily conscientious.
Now all the people who didn’t give a damn are likely going to get loving help from the US Govt.
700 billion dollars? Isn’t the US Govt already in debt? This is madness.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.