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Old 10-02-2008, 02:56 PM
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Honu Honu is offline
Randwyck
 
Join Date: Jun 2006
Location: Cali
Posts: 1,450
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I was talking today with B Wayne Hughes about the bailout deal , I just thought his views would be very interesting considering his wealth . He is livid that the government is going to bail these banks and investment firms out , he thinks we are just about one step away from Scocialism. He was also saying that our dollar is going to be worth about 50 cents here soon because we are borrowing this money from the Chinese who's crap products we buy and throw away a year later is keeping our dollar out of our country. He was also stating how our government just gave 2 car companies a boat load of money to bail them out because we cant seem to be able to build a affordable quality car in this country and that it just seems a little stupid considering we invented the damn thing . Anyway I wish I would have had more time to talk to him on the subject but alas I had to work at work lol.
In closing he suggested anyone who has extra money to invest it in houses before the dollar takes a downturn , he said you may have to wait 5 or ten years to see a real return but that the investment right now will be a smart choice because the prices will be right.
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