02-22-2009, 02:14 PM
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#1
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Registered User
Join Date: Jan 2009
Location: Corona, CA.
Posts: 129
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banks
Where was all this "let the market decide" sentiment when the bank rescue package went through? Did the banks not put themselves in a poor position by loaning money to people that could not repay, and then packaging those loans into financial instruments so complex that it is difficult to determine just how screwed the investors are? Maybe the lack of outrage is because there are no unions involved...
BTW -- To keep this on topic: don't buy GM stock.
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Blue-S
2000 Boxster S 6-speed - Ocean Blue / Savanna Beige
* 9x7 short shifter * Pedro's enthusiast mount * Carrera Ltw. wheels * Stebro bypass pipes
* M030 coming soon! *
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02-22-2009, 02:23 PM
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#2
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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Quote:
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Originally Posted by Blue-S
Where was all this "let the market decide" sentiment when the bank rescue package went through? Did the banks not put themselves in a poor position by loaning money to people that could not repay, and then packaging those loans into financial instruments so complex that it is difficult to determine just how screwed the investors are? Maybe the lack of outrage is because there are no unions involved...
BTW -- To keep this on topic: don't buy GM stock.
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My theory on that is as follows:
When banks get shaky, everyone gets shaky. The thought of a bank default likely hits almost everyone. So, we went along with sheep. Also, that was the first step and most I think thought that would be sufficient.
Since then, it has been like a death of a thousand cuts and I think many are getting tired of this and feeling like we are being hose by the big brains.
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Rich Belloff
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02-22-2009, 02:29 PM
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#3
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Guest
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HA! Great question...the thinking must be, it's okay to drive a Honda, but it's not okay to get a loan from Japan?????
I was against the bank bailout...we are now printing money (literally) to pay bad debts. In the history of the world, the only thing that kills a society faster than that is war.
Gonna be a fun 10 years ahead of us!
Quote:
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Originally Posted by Blue-S
Where was all this "let the market decide" sentiment when the bank rescue package went through? Did the banks not put themselves in a poor position by loaning money to people that could not repay, and then packaging those loans into financial instruments so complex that it is difficult to determine just how screwed the investors are? Maybe the lack of outrage is because there are no unions involved...
BTW -- To keep this on topic: don't buy GM stock.
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02-23-2009, 09:03 PM
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#4
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Registered User
Join Date: Aug 2007
Location: New Jersey
Posts: 691
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Quote:
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Originally Posted by Fred Demara
I was against the bank bailout...we are now printing money (literally) to pay bad debts. In the history of the world, the only thing that kills a society faster than that is war.
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"a war or 2"
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SOLD - 2002 Boxster S - PSM, Litronics, De-ambered, Bird Bike Rack, Hardtop, RMS leak...
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02-24-2009, 07:00 AM
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#5
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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Quote:
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Originally Posted by fatmike
"a war or 2"
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War used to be good for the economy. What happened?
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Rich Belloff
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02-24-2009, 12:37 PM
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#6
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Guest
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Quote:
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Originally Posted by Brucelee
War used to be good for the economy. What happened?
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as long as you're on the side that doesn't get the bomb dropped on it... :chicken:
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02-25-2009, 07:33 AM
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#7
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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Quote:
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Originally Posted by Fred Demara
as long as you're on the side that doesn't get the bomb dropped on it... :chicken:
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I think we should bomb Detroit. Alert the folks first so that they can jet down to NO for Mardi Gras.
Then bomb the place flat. Then like we always do, rebuild it, kind of like a Marshall Plan.
If that works, move on to St. Louis etc.
What do you think?
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Rich Belloff
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02-25-2009, 08:06 AM
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#8
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Registered User
Join Date: Nov 2007
Location: Atlanta, GA
Posts: 834
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Quote:
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Originally Posted by Brucelee
I think we should bomb Detroit. Alert the folks first so that they can jet down to NO for Mardi Gras.
Then bomb the place flat. Then like we always do, rebuild it, kind of like a Marshall Plan.
If that works, move on to St. Louis etc.
What do you think? |
You're funny. Only because it makes perfect sense but few would be so honest.
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02-25-2009, 12:49 PM
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#9
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Guest
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Quote:
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Originally Posted by Brucelee
I think we should bomb Detroit. Alert the folks first so that they can jet down to NO for Mardi Gras.D
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Ha! Detroit, Flint...maybe we could re-build it as a giant amusement park....
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02-25-2009, 09:23 AM
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#10
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Registered User
Join Date: Feb 2008
Location: Du Monde
Posts: 2,199
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Quote:
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Originally Posted by Brucelee
War used to be good for the economy. What happened?
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" Only the Dead have seen an end to War" - Plato
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02-25-2009, 09:39 AM
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#11
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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Quote:
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Originally Posted by Lil bastard
"Only the Dead have seen an end to War" - Plato
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Good one!
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Rich Belloff
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02-25-2009, 10:11 AM
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#12
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Registered User
Join Date: Nov 2007
Location: Atlanta, GA
Posts: 834
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We need to Buttinski out of the Gaza Strip. Let those miserable people that insist on staying there kill each other. And don't rebuild it. Leave it as a memorial to hideous behavior.
To keep on this topic: don't buy GM stock.
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