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Originally Posted by SCUDSBROTHER
I don't want the people who made these decisions to be given new money. In no way can we give new money to these rats who made bad loans (in order to make quick interest off of people who couldn't afford to get these loans.)If we put new money in, we need to make sure it's for new loans, and those loans need to be well secured, and it needs to be regulated. We did it the way the free market capitalists wanted, and they fkd it up, and all want to be bailed out now. I totally disagree with you about this not being a bail-out. They made loans they shouldn't have made. Now they want help to overcome those mistakes. That's a bail out. I don't think we should do it. If we do it, then don't let these same people in charge of money loaning. Don't give them new money to loan. I wouldn't trust either Bush or Paulson . Paulson was making 40 million a year off this industry, and now you get him to be in charge of a solution? He is gunna want to bail his crooked friends out. Have some sort of program, but don't let any of these crooks draw it up. Yes, these 2 have been lying all year, and now they come clean. F BUSH, F PAULSON(liar scum.) I can't believe he came in front of the country and told us it's so messed up. How do you do that after denying it all year?
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And do you realize what our economy will do IF there isnt some sort of help from the fed/taxpayer? Do you realize what a full blown credit lock up will do?
Do you realize what was happenning just last week before Paulson/bernanke came out with their RTC proposal? Did you see what Libor did? Did you see what the cost of short term commercial paper spiked to? Do you know what happened in the year 1929?
While we are all sitting here debating all of this, the economy sits on the precipice. This is not bu.l.l.sh.t.
The damage of a full blown credit siezure would be catastrophic. It is on our door step.