Bailouts - Why Whining Americans Don't Get It

I'm still wondering so correct me if I'm wrong

bail out is because of " home loans"

700 billion goes to the banks that gave the loans
to fill " the hole" it left
o its "fixed"
we pay for it with taxes
on top of still paying for our loans
in which they get double the cash?

Am I wrong? I mean I been trying to find the answer and still have
not found it.
Maybe one of you nice folks who say this is a good idea could
answer that for me?

Let the damn thing fail. They wouldn't need the bail out if it was working properly. Corporate America has been shi++in on the little guy for years. Its about time they all went bye bye. Let the banks fail. Give the money to the people and let the system fail. Enough with this multimillionaire bankers and board members that ride limos to work. They're keeping us slaves in this environment and it puts money ahead of knowledge and spirituality.

LET EM FAIL!!!!!!!!! And while we're at it. Let the government fail too. The government has done nothing for the american people recently. It's about time they did something for us instead of taking our money.

Originally posted by SteveR
How do you think the father gets his job? The kid his/her foods?

It's called the economy. If they give in to your whines and give you all your $7000 bailouts instead of supporting market institutions, WHAT will happen? WHAT will you spend it on?

The government's main priority is keeping the economy functioning. Only a fool would begrudge that.

The Bush Government's main priority is not to get charged for the crimes it has commited against the American people and Constitution. They are also looking to keep the greedy bankers and wall street high rollers from having to accept responsibility for allowing the economy to tank so badly. The government is supposed to represent it's citizens, not it's corporations. That would be Facism.

[edit on 9-26-2008 by groingrinder]

A reminder for all of you bloviating about the NWO and Zionists..

What he says is the truth..

Originally posted by SteveR
We are not bailing out the elite and forgetting you exist. It's very simple, by keeping the market working as it should we make sure you get everything you need when you need it. Sure there have been failures but this is nothing compared to how things could be. Without the economy, life as you've come to know it would not exist. If we give you $7000 each as someone suggested and let the system fail, you will fail.

The suits in Washington are doing the best thing for the people - in the long run. Less whining and more intelligent thinking is needed here.

Thank you

Bailouts - Why SteveR and the Corporate Elite don't get it

Let me put this in really simple words that you will understand.

See Hank run company

See Hank make CDS

See Banks copy Hank

See Paul look the other way

See Hank get hired by Government

See CDS fail as investment tool

See Hank and Paul cry

See Banks fail

See Banks run to Paul for help to cover their booboo

See Paul beg Congress

See Congress asswhip Paul and Hank and Banks

See outraged public hang Paul and Hank and Banksters

See John Q Public riding around in Hank and Pauls cars

The End.

[edit on 26-9-2008 by 2stepsfromtop]

Originally posted by harvib
reply to post by SteveR

 

The banks are more important. Why don't we bail out all the homeless people too, while we're at it? Do you think the country will go ANYWHERE with bankrupt financial institutions??

You miss the point. If we bail out the homeowners then the banks wouldn't need to be saved. Please correct me if I am wrong...

seems to me, that till we do something with the actual homes, either get them into hands that can pay for them or change things so the owner now can keep it, those worthless peices of paper that we are buying will be still worthless peices of paper, no matter how much money we throw at the problem.at least if the economy falls, they won't be worthless anymore, we can use them to heat ourselves.

Now on a more serious not, if you want to keep the Econmy functioning without putting in the "Fix" then you allow these companies to fail on their own which would lead to a smaller recession rather than the larger Depression that the Bankers (who really, actually know very little about economics) want. That is how a free market works, the ones who plan and do well succeed and the ones who screw up FAIL.

Of are you afraid of losing your fancy yacht, the porshes and mazeratis and the six houses?

Here's a great idea, we'll place legislation in place that allows these banksters to do whatever they want ... until the age of fourty, then we execute them. We can call it ... Banksters Run.

reply to post by SteveR
Yeah. Telling the truth. Hahaha. Politicians are always telling the truth. Don't be a moron, please.

Do you know what I see on this video? Begging. "Please. We ruined your life with banks, but we need your help."

SteveR. If you're working for the Government, here is a message, what I hope you'll pass. I hope all of you will fail. And I already took a champagne aside just for that day, when you'll start to jump from the rooftops, because you can't live without your money. We waited this day. Don't panic. It won't hurt... that much.

Originally posted by EvilBat
I'm still wondering so correct me if I'm wrong

bail out is because of " home loans"

700 billion goes to the banks that gave the loans
to fill " the hole" it left
o its "fixed"
we pay for it with taxes
on top of still paying for our loans
in which they get double the cash?

Am I wrong? I mean I been trying to find the answer and still have
not found it.
Maybe one of you nice folks who say this is a good idea could
answer that for me?

I think if you look at the transcript of bush's speech the other night, well, he let it slip....
their commercial notes out there in trouble also, it wasn't just us rag tag subprimers buying our dreamhomes.
I may be wrong, but that's what I thought I heard him say.

heck, what's the total for the war effort to date....
could it possibly be close to well...ummm....$700 billion dollars?

reply to post by Sheridan

hey, we're having a wake this election day...to say goodbye to poor ole george, and possibly to the Good ole USA which I don't think will ever return to it's former glory now.

reply to post by SteveR


I partly agree with your post, even though I understand the outrage, being shown in every medium, by most people. I don't think any intelligent person is against the inevitable bailout, what people are against is that major financial corporations have been allowed to put the US government, and therefore the American people, in a lose/lose situation.

I do not understand your 7000$ reference, maybe I missed something there...

As for the bailout, although inevitable, now, it doesn't have to be liked or tolerated. Yes, it is necessary but the people, and regulatory institutions, that permitted this financial chaos should be held responsible, and should be severely punished.
An institution cannot, or should not, receive a AA rating one day and go bankrupt a few hours later. Somebody, in the regulatory institutions, dropped the ball and should be made to pay.
This should not be seen as a bailout of the "regular Joe", he too is responsible for this crises. When contracting debts they could not pay, and that they knew they wouldn't be able to pay, many Americans are as responsible as the Wall Street "casino players". Yet, again, the main culprits are the internal accountants of the major financial institutions that allowed credit to be given to people, and companies, that they knew couldn't pay for the credit they obtained.

That said, "we" are now faced with a scenario where 99% of the people are going to be losers, one way or the other, and where the people most responsible for the crises are either going to be untouched or, worst, come out as winners. I think, in these circumstances a little whining is not only acceptable but, above all, necessary. "We" may have to bailout the economy, from total meltdown, but, maybe, the whining, in the long run, once the dust settles, will serve to make it impossible for the culprits from walking away untarnished.

High inflation and dollar devaluation, and thus big savings losses for the middle class; or economic meltdown accompanied by massive unemployment. Those are the options falling on the shoulders of the American, and Western, peoples...

"We" may have to bailout the economy, because there is not any other acceptable options, but that does not mean bailing out those responsible for the crises, be they Wall-Street "big cats" or irresponsible "regular Joe's", and companies, that borrowed way above what they where capable of paying back.

People who have lost their savings, are going to loose their jobs, or can no longer afford to retire have, in my opinion, the right to a little whining...

Originally posted by dawnstar
reply to post by Sheridan

 

hey, we're having a wake this election day...to say goodbye to poor ole george, and possibly to the Good ole USA which I don't think will ever return to it's former glory now.

Uh-uh. The glory of the U.S.A. is up on us, people. It was always on us. We just rested in the last years and gave the control to Georgie and Co. It's time to take it back and restore the glory of the states.

U R RITE!

And I waz lol Kitty againzt b4 I waz 4, but now u r right.

JOHN InSANE.

Look everybody! I R a FOX NEWS talking point.

Agreeing wif myself. I R RIGHT!

reply to post by SteveR


Your reasoning is a rediculous cannard.
Maybe this article can enighten you objectively.
online.wsj.com...


During the house hearings on the $700B “bailout” proposal
Not one congressman or congresswoman asked a pertinent question to Paulson or Bernake. Not one. In my view, the entire process, led by Barney Franks was shameful.

I wonder if just one member had asked simply that $700B means Congress could potentially give 14 million American homeowners $50,000 in cash directly for mortgage relief. Why not just give that revenue (as you know, code word for our taxes) directly to the citizens? (Now, of course, I’m not proposing that as an alternative since that would be impossible to perform equitably, not to mention the destructive inflationary pressures that would have on the US economy.) But frankly, Mr Paulson, how is providing the money directly to Wall Street any different in impact? The answer is it is not. This “bailout” is being done at the expense of the American taxpayer, not to protect us, or the economy. This $700B is proposed to protect the banks – which is precisely the morally agnostic mission of the Federal Reserve.

reply to post by NorthWolfe CND


The anger and whining will not solve anyone's problems. The People need to understand we are all a part of the symbiotic whole. Without the financial systems, they'll be wishing they were in Zimbabwe. Some don't even know who is to blame - "NWO Zionists" has to be the most amusing explanation I've heard yet! But it is indicative of the ignorance and lack of education among them.

The $7000 I am refering to:
www.abovetopsecret.com...

Click here for more information.

reply to post by SteveR


We may be part of the symbolic whole, but bailing out the financial markets to keep loaning to the American people so the American people can keep living and supporting the economy with maxing out their credit cards and refinancing their mortgages in order to consume the equity in their homes.

And isn't this what stated all ? we will be heading for a another credit crisis.

And then what? another bail out to pay off the financial institution loses?

Actually it makes no sense at all, how much debt can a nation accumulate before it collapses.

By replacing $20 an hour U.S. labor with $1 an hour Chinese labor, the profits of U.S. offshoring corporations have boomed, thus driving up share prices and “performance” bonuses for corporate CEOs. With Bush/Cheney, the Republicans have resurrected their policy of favoring the rich over the poor. John McCain captured today’s high income class with his quip that you are middle class if you have an annual income less than $5 million.

Intersting quote from www.economyincrisis.org...

Sorry to burst the bubble but things like this will make any hard working American angry.

Then again how this bail out will help the American people?

It doesn't






[edit on 26-9-2008 by marg6043]

Originally posted by SteveR
How do you think the father gets his job? The kid his/her foods?

It's called the economy. If they give in to your whines and give you all your $7000 bailouts instead of supporting market institutions, WHAT will happen? WHAT will you spend it on?

The government's main priority is keeping the economy functioning. Only a fool would begrudge that.

I'm pretty sure no one disagrees with you that we need to stabilize the economic system in this country. Only a fool would think we should just let our monetary system burn to the ground overnight.

The fact of the matter is that accountability has become so rare in our economic and governmental systems that a lot of people are rightly pissed off. These rich cronies are receiving get-out-of-jail-free cards at every hiccup along the way. THAT, sir, is what people have a problem with.

While I'm not happy that these idiots are being given nearly a trillion dollars for their screw-ups, I realize that they do currently need financial assistance if they stand any chance of recovering. If they don't, you're right, we're all gonna be taking a bite of a giant turd sandwich. The problem I have is that the legislation being pushed on Congress by Bush, Bernanke, and Paulson is letting the people who should be accountable off the hook. That is a crime. I don't care who you are and how much money you have. You consciously screwed the general population of this country, and now you will pay for it. So this BS about Bush not signing the bill if it includes limits on executives' pay and so on, is a joke at best.

I understand the need to support these financial systems, but in a way that doesn't tolerate, or encourage, the same type of foolish behavior. We need to look at the potential long-term solutions to this problem. Figure out why this happened, and how we can keep it from happening again. My personal opinion is that if the Fed didn't exist, this problem would have been much less severe. Just something about perpetual creation of debt doesn't really seem right to me... and it shouldn't to you.

So please, don't insult the intelligent people here that are making valid points. I see what you're getting at, but you look like a fool when you condescend people as though they couldn't possibly form a rational opinion based on facts and observations.

Get over yourself.

[edit on 26-9-2008 by paradigm619]

[edit on 26-9-2008 by paradigm619]

Click here for more information.

I hate to say it... he is right about one thing, this is the only thing that can be done in the short term to hold off a crash.

Yes, our banker good ole boys are cashing out quite nicely... Yes, the American people are getting screwed "faster" than expected.

Count this as a wake-up call to the hard heads (yes, most people still believe it can't happen)... Yes, it can happen and we just barely avoided it.

My opinion is we just "bought" a few more months or a couple of years before the "inevitable" economic crash. Use the time to prepare. These Bozos know the roller coaster ride is coming to an end and soon it will be time to "pay the piper" when the dollar is crap and everyone (business, commodities) is using Euros or Yuan. Don't think for a second that the elite in America are planning domestic & foreign (mostly foreign) "safe zones" to bug out to when the final crash happens.

Use the time given and thank whatever power (lord god almighty in my case) you want to thank that we had a true "warning shot" wake up call.

Well, wake up and try to prepare as best as possible for a coming economic time of trouble. Better safe than sorry.