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Originally posted by alphabetaone
reply to post by marg6043
Im sure you KNOW how I feel about this bailout. I think it SUCKED.
However, I think we should ALL hold onto our hats now, because this mess just got a lot worse. I think our markets are going to react SO negatively, that irrespective of the ABSOLUTE upside to the taxpayer not footing the bill, those actually WITH all the money are going to say "ok screw you little America, you wanted failure, we'll SHOW you failure".
I NEVER EVER get scared or panic, it's not in my nature, however if anything would have the ability to do so, it IS what we're witnessing right now.
I firmly believe that our ONLY saving grace would come in the form of a complete and total Government subsidy to us, the little people to get back on OUR feet, and SCREW the globe, SCREW the wall streeters, and let US have those funds to hedge against THEIR misappropriations. Lacking that, I think we are SERIOUSLY about to see Great Depression part II, and this time, there's a WHOLE lot more people that will be affected.
Originally posted by theRiverGoddess
The evidence is showing that congress is listening to the people for a change......
This is amazing......
(rays of hope shine through)
July 12th, 2007 "This is far and away the strongest global economy I've seen in my business lifetime."
uly 20th, 2008 "I think it's going to be months that we're working our way through this period, clearly months. Of course the list [of difficulties] is going to grow longer given the stresses we have in the marketplace, given the housing correction - but again, it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation."
September 19th, 2008 "We're talking hundreds of billions of dollars - this needs to be big enough to make a real difference and get at the heart of the problem," he said. "This is the way we stabilize the system."