Is going to have the exact opposite affect

9/24/2008 9:02:18 PM

So here's what I've learned over the past years...
1) Lying is ok if everyone is doing it
2) Personal responsibility doesn't matter if most everyone else doesn't have it
3) The stock market is guaranteed to go up or else the govt will find a way to MAKE it go up
4) If I'm ok to invest it with companies whom are run like shit and make shitty products, I don't need to worry if they indeed fail because the govt will make it all better.

9/24/2008 9:15:48 PM

The government isn't buying these things out to keep overall stock prices up. The affected companies are, unfortunately, key pieces of America's financial system and infrastructure. If certain things go wrong with them, people and companies who were very prudent and did everything right with their investments can get screwed, too -- hard. And I'm not just talking about their investments in stocks, I'm talking about money markets, etc.

[Edited on September 24, 2008 at 9:25 PM. Reason : At least, that's what it thinks it's doing, but who knows]

9/24/2008 9:23:28 PM

Well everything is a choice...and you make choices based on your knowledge of something and if you go ahead and make an uniformed choice, then you pay the consequences. This is no different. Companies like Bear Sterns and Lehman's and Merrill are just that...COMPANIES...they're in it to make money...they don't advise people where to put their money because they're nice...and if you trust the company...and it turns out they lied to you, then chances are likely that you won't trust them again...and sooner or later they will lose all their customers and fold. This is when NEW and better run and clearly better informed companies, come in to play and swoop up those people who were fucked by the previous companies.

If anyone reinvests their money with one of the failing companies then they're gonna be fucked...again...and if they're too stupid to know this then they're too stupid to have anything more than pot to piss in.

9/24/2008 9:29:57 PM

You missed his point. If some of these companies go down, it could cause a complete meltdown of our entire financial system. So even you had nothing to do with these companies you could be fucked. Not saying that this will happen, but it's a possibility, and the question is, is it worth taking the risk?

9/24/2008 9:35:13 PM

^^ so you're one of those people that have to let the fire burn you, before you know it's hot?

9/24/2008 9:38:24 PM

I'm the type of person who believes in personal responsibility.

9/24/2008 9:41:59 PM

i either want a bailout in which rich people lose money or nothing at all and let all this shit crumble and see if what john mccain said about employers not being able to pay employees pans out

9/24/2008 9:47:56 PM

^^ So you're telling me that if you were the person who had to make the decision, you would be absolutely against any type of "bailout," and you could live with the decision if it ended up that the banking system collapsed?

[Edited on September 24, 2008 at 9:48 PM. Reason : ]

9/24/2008 9:48:08 PM

she clearly has no real understanding of the mess we're in

9/24/2008 9:55:29 PM

Well I'm not the person making the decision and that's a good thing for everyone. However, clearly someone should have put me in charge back when some head of something decided it was ok to give home loans to people who didn't actually qualify for them. I didn't ask for one for this reason so I have to assume that in that case, I'm smarter than the fucks who gave it the green light.

I follow the laws and rules to a fucking T because even the thought of lying makes me feel guilty and that I might fuck up a chance at something for someone else and clearly, I'm to a great deal, alone with that thought.

Fuck the single mother on welfare who went into getting her check with 2 kids and now has 5.
Fuck the dumb fucks who trip on a nail they put on the floor at their place of work so that they could get workers comp...all while spending their days golfing.
Fuck the immigrants who come to this country illegally and then clog up the emergency room and make ME have to wait for hours.


^I do...but right now it's the straw that broke the camels back

[Edited on September 24, 2008 at 10:01 PM. Reason : ]

9/24/2008 9:59:49 PM

you have no idea what you're talking about. take a chill pill

[Edited on September 24, 2008 at 10:02 PM. Reason : ,]

9/24/2008 10:01:13 PM

^^ he need research done.

9/24/2008 10:02:20 PM

I do. I'm just really pissed right now. I'm well aware that it's not those things that caused the mess that we're in at this point, but it all comes down to personal responsibility...for everyone

^You need education done

[Edited on September 24, 2008 at 10:03 PM. Reason : ]

9/24/2008 10:02:37 PM

Elizabeth Dole's Office: 202.224.6342 / http://dole.senate.gov/public/index.cfm?FuseAction=ContactInformation.ContactForm

Richard Burr: (202) 224-3154 / http://burr.senate.gov/public/index.cfm?FuseAction=Contact.Home

Oh, and this is a good line too, from the bill itself:

Quote :

""Decisions by the Secretary (of the treasury) pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.""

9/24/2008 10:08:42 PM

im have top education at Koreas elite school. study in 4 country. you never leave America.

9/24/2008 10:11:03 PM

^^fuck THAT

9/24/2008 10:12:09 PM

yeah, no kidding.


Something is up here, why does the Secretary of the Treasury need that kind of power? No oversight? No, that is beyond unconstitutional. Bush (and I hold Bush responsible for that provision, it is his cabinet) might as well go wipe his ass with the Constitution while congress wets his dick down with the bill of rights.

9/24/2008 10:16:05 PM

Quote :

"Fuck the immigrants who come to this country illegally and then clog up the emergency room and make ME have to wait for hours. "

haha, so it'd be okay to clog the emergency room if they were there legally?

9/24/2008 10:20:57 PM

^ no worry. he not well educated on world issues. all he now if civilizatin game from cid meier.

[Edited on September 24, 2008 at 10:28 PM. Reason : /]

9/24/2008 10:28:03 PM

^^I'm voicing my disdain for things. But you're right...I should have included citizens who don't have health care insurance in that. My bad.

9/24/2008 11:18:10 PM

yep, if you don't have health insurance you should fuck off and die if you're sick or shot or stabbed or hit by a car or break your leg or, you know if anything unfortunate should happen.

wouldnt want mtc to have to wait in line

[Edited on September 25, 2008 at 6:01 PM. Reason : .]

9/25/2008 6:00:58 PM

^you're completely missing the point. Way to take things out of context.

9/25/2008 6:09:14 PM

Quote :

"Fuck the immigrants who come to this country illegally and then clog up the emergency room and make ME have to wait for hours."

Quote :

"I should have included citizens who don't have health care insurance in that."

what am i missing?

9/25/2008 7:54:35 PM

Quote :

" 1) Lying is ok if everyone is doing it 2) Personal responsibility doesn't matter if most everyone else doesn't have it "

9/25/2008 8:15:52 PM

Quote :

""Decisions by the Secretary (of the treasury) pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.""

9/25/2008 10:49:50 PM

i so hope this is signed into law so the rich ass bitches on tww have to pay some shit while poor ass fucks like myself can laugh at you while we dont pay shit


suckers

ps- i think it is fucking SAD how people are like "well they shoulda been responsible and not been irresponsible"


i mean really...these motherfuckers were wanting a HOUSE...i mean come on...thats like one of the basic things in life...HOW DARE PEOPLE TRY TO LIVE IN A FUCKING HOUSE NOW A DAYS...

[Edited on September 26, 2008 at 4:29 AM. Reason : .]

9/26/2008 4:24:45 AM

I can't believe I agree with DNL. People want to live in houses, as they should, and they are willing to live tight to do it. If the bank says they can afford it, by giving them a loan, they are going to try and do it.

The problem arose when overseas money came in buckets, and the banks had to figure out what to do with it - and the only thing to do is make loans. It used to be that banks took their risks seriously, but they had so much money they got slack. From the buyer's point of view, if someone is willing to loan you $150,000 with no money down, that's a no brainer.

9/26/2008 8:11:18 AM

Quote :

"i mean really...these motherfuckers were wanting a HOUSE...i mean come on...thats like one of the basic things in life...HOW DARE PEOPLE TRY TO LIVE IN A FUCKING HOUSE NOW A DAYS... "

Because owning things that you can't afford is a right, now. Why should we make those poor schmoes condescend to rent, like some college student? Ye gods, it's a fate worse than death.

Excuse me, I'm now going to go out and buy some Filet Mignon. Oh sure, I can't afford it, but food is my right, and how dare Harris Teeter tell me I don't have a right to eat...

9/26/2008 9:04:24 AM

How do you know you can't afford it? The bank says you can. Even more, they are willing to back that up with their money.

9/26/2008 9:29:57 AM

^b/c you fucking know if you can or can't make payments on a $450k mortgage, thats how.

I could probably go out and buy a $50k car right now. I'm sure I can find a dealership that'll get me something for that. But I sure as fuck know I can't afford it in the long run.

I'm with mytwocents all the way on this one. And DrSteveChaos too.

9/26/2008 9:44:35 AM

No body said anything about a $450K mortgage ... what about a $100K mortgage? A house is different than a car. You have to live somewhere. It's not necessarily a luxury item. Often, with the tax write-offs, it's cheaper than renting and you get leverage on the appreciation. It's usually the best financal decision you can make. If there is a chance you can do it, you're going to try (even if you have to live tight for a while).

The banks are the gatekeepers. The breakdown came because they had too much overseas money coming in, and in order to make money they have to lend money. No doubt they pushed loans on people that couldn't afford it (no income/no asset loans, give me a break). They were then able to package those loans into securities which didn't need any oversight.

I blame the banks, not the Joes that are trying to get a piece of the American Dream.

9/26/2008 10:14:24 AM

^well I heard on the radio today that Bear Stearns lost their shirt over about $1.5 billion worth of housing loans, where the average loan was $450k.

Altogether I partially blame the average Joe idiot that couldn't afford the house but tried anyway and mostly blame that fuckers on Wall Street that for the most part made out like bandits (and might get bailed out).

9/26/2008 12:59:04 PM

The reason this happend in the first place was because of loans being issued by people who had no idea what they were doing. You don't issue loans to people who can't afford to pay you back the money. Greedy CEO's and a lack of responsibility in our culture built up and finally it burst. We need to go back to the basics that our country was founded on after whatever happens happens.

All the people that are getting bailed out should be forced to either resign or pay most of salary back towards something.

[Edited on September 26, 2008 at 6:41 PM. Reason : ..]

9/26/2008 6:39:36 PM