FBI investigating for fraud at Fannie Mae, Freddie Mac, Lehman Brothers and AIG

[SCUDSBROTHER]

Originally Posted by dalakhani

I know what you are saying. But...how do you "put new money into the market"? Where does that money go? How would you propose to do it? And the last question isnt facetious(sp?). I want to know how anyone else would fix this.

Regadless of what any one of us wants to admit, our economy is based on credit pure and simple. It rolls when credit is cheap and easy and it gets really slow (like now) when it tightens up.

Something has to be done to fix the locked up credit markets. Injecting massive amounts of cash hasnt worked. Lowering fed funds rates hasnt worked. What else can the govt do at this point?

And remember, the govt isnt spending 700 billion dollars.

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?

[Danzig]

isn't part of the bailout supposed to be new regulations? seems that the finished product that congress will pass will be nothing like what bush originally proposed-thankfully! i've seen partial ownership mentioned, as well as exec salaries...quite a bit included, not just throwing money at the problem.

[dalakhani]

Originally Posted by Danzig

isn't part of the bailout supposed to be new regulations? seems that the finished product that congress will pass will be nothing like what bush originally proposed-thankfully! i've seen partial ownership mentioned, as well as exec salaries...quite a bit included, not just throwing money at the problem.

Paulson stated that he knew that his plan would be altered when he submitted it. He just knew that speed was important so he gave a bear outline.

[dalakhani]

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?

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.

[geeker2]

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?

SCUDS it would appear that you are aligned with the GOP Conservatives on this issue or am I missing your point. Because at the moment it appears that the DEM's are the ones propping up the Bush bail-out.

A lot of the points you have made seem to be more in line with Ron Paul.

[dalakhani]

Originally Posted by geeker2

SCUDS it would appear that you are aligned with the GOP Conservatives on this issue or am I missing your point. Because at the moment it appears that the DEM's are the ones propping up the Bush bail-out.

A lot of the points you have made seem to be more in line with Ron Paul.

What a salient point. The world is upside down. Bush...the socialist. Hank Paulson...HANK PAULSON..is a socialist.

Okay, for a little levity, watch this clip. It got me out of my depressive state earlier:

http://www.cbsnews.com/video/watch/?id=4479049n

[geeker2]

Originally Posted by dalakhani

What a salient point. The world is upside down. Bush...the socialist. Hank Paulson...HANK PAULSON..is a socialist.

Okay, for a little levity, watch this clip. It got me out of my depressive state earlier:

http://www.cbsnews.com/video/watch/?id=4479049n

Let's not forget these classic hits

http://www.youtube.com/watch?v=yFag_BXhG6s

I wish I could find the one where he thought FDR was president in 1929 and FDR warned the nation in a TV address.

No wonder the polls think Palin is more qualified that Joe.

[dalakhani]

Originally Posted by geeker2

Let's not forget these classic hits

http://www.youtube.com/watch?v=yFag_BXhG6s

I wish I could find the one where he thought FDR was president in 1929 and FDR warned the nation in a TV address.

No wonder the polls think Palin is more qualified that Joe.

Geeker what did you think of palin's performance in the couric interview?

[geeker2]

Originally Posted by dalakhani

Geeker what did you think of palin's performance in the couric interview?

Honestly..I did not watch it. I was too busy watching my 401K turn to sh^t.

I saw the one clip asking about giving an example of McCain being a Maverick..one would think that would be a better question to ask McCain - Palin didn't have an answer - but I would think Katie could think of something better to ask than that. I actually thought "I'll get back to you" was a cute way of saying FU.

[dalakhani]

Originally Posted by geeker2

Honestly..I did not watch it. I was too busy watching my 401K turn to sh^t.

I saw the one clip asking about giving an example of McCain being a Maverick..one would think that would be a better question to ask McCain - Palin didn't have an answer - but I would think Katie could think of something better to ask than that. I actually thought "I'll get back to you" was a cute way of saying FU.

I posted tonight's geeker in its entirety. Why wouldnt you watch it? Every republican says that they "havent watched it". Why is that?

Will you watch it?

[SCUDSBROTHER]

Originally Posted by geeker2

SCUDS it would appear that you are aligned with the GOP Conservatives on this issue or am I missing your point. Because at the moment it appears that the DEM's are the ones propping up the Bush bail-out.

A lot of the points you have made seem to be more in line with Ron Paul.

I'M FOR COMING UP WITH LINES OF CREDIT. What I am not for is bailing out those who have given out bad loans, and want to get off the hook for it. You made the loan . Eat it. You wait until it's worth what you made a loan for. Don't have the taxpayer have to wait until it "comes around." Dalakhani, I am not interested in us cleaning up those bad loans people in your industry made. If there is a credit crunch, then lets have a new program to provide funding for new loans, but F those old loans they made. Stupid=repeating mistakes. The people who did this shouldn't get new taxpayer money to piss away. That would be repeating a mistake=stupid.

[geeker2]

Originally Posted by SCUDSBROTHER

I'M FOR COMING UP WITH LINES OF CREDIT. What I am not for is bailing out those who have given out bad loans, and want to get off the hook for it. You made the loan . Eat it. You wait until it's worth what you made a loan for. Don't have the taxpayer have to wait until it "comes around." Dalakhani, I am not interested in us cleaning up those bad loans people in your industry made. If there is a credit crunch, then lets have a new program to provide funding for new loans, but F those old loans they made. Stupid=repeating mistakes. The people who did this shouldn't get new taxpayer money to piss away. That would be repeating a mistake=stupid.

go Dodgers!

[SCUDSBROTHER]

Originally Posted by geeker2

go Dodgers!

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