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Originally Posted by Riot
The legal agreement the banks signed (under Bush) said they have to pay back the money. The small details of the technical "how" were left blank.
So are you then against any attempts at financial reform of Wall Street? Because they could pass on costs to customers?
Were you against the Consumer Credit Card Protection laws that were just passed?
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honestly, i thought the article i read about the fed making a lot of money on their 'investments' was how the bailout would be paid back.
if obama and co want to tax the dog mess out of any bonuses paid to execs, i'm all for it.
as for the credit card companies-i know people like the characterize them as evil incarnate, but most people who owe money to visa and mastercard owe that for a reason, namely lack of self-control. i don't see anyone crying the blues when the credit card companies have to write off hundreds of thousands, if not millions, in unpaid balances and losses due to customers declaring bankruptcy. i don't wish to owe, so i have no credit cards. i paid them off years ago, and cut them all up. can i afford to have them? yes. but i choose not to-and anyone can choose to do the same. i don't have a lot of sympathy for those who run up balances, and then are upset because they can't pay the balance down. imo, many folks bring their debt woes onto themselves because they want it, they want it now. but people like to blame others for their troubles, and want someone to bail them out. companies do it, banks do it, individuals do it. it's too bad.