http://www.nytimes.com/2008/09/22/business/22global.html?_r=1&hp&oref=slogin

That this is even a possibility enrages me. Whatever your feelings about bailing out this lot of incompetent fuckups is, surely you can't think that foreign banks should be able to help themselves to the wallets of the American public? Right?

Intellectually, I know the answer to this question, but why the hell isn't a plan being discussed that essentially pays homeowners for their shitty loans? Then all the worthless paper isn't worthless anymore and banks theoretically are solvent again? Why does the bailout have to go directly to the banks?

[Edited on September 22, 2008 at 9:54 AM. Reason : V good point, should have worded it differently]

9/22/2008 9:43:19 AM

cute. you think the bailout is coming from tax dollars

9/22/2008 9:45:15 AM

^ if the bailout money isn't coming directly from tax dollars, the money to pay the interest to the foreign countries who provide the bailout money certainly is coming from taxes.

9/22/2008 9:58:24 AM

^^ Plz to explain what the hell you're trying to say.

9/22/2008 10:01:06 AM

Quote :

"cute. you think the bailout is coming from tax dollars"

the government can only function because of tax dollars

anything they do uses tax dollars

9/22/2008 10:26:10 AM

Governments can function by socializing industries and making money off them.

By all accounts, the taxpayer made money off them SPR. And governments have quite often made a pretty penny off of privatization of stuff.

But then the question is do we want them to?

9/22/2008 10:40:23 AM

Guess who you can thank for this.

Phil Gramm, McCain economic advisor, would-be Treasury Sec, and active lobbyist for UBS.

[Edited on September 22, 2008 at 10:56 AM. Reason : .]

9/22/2008 10:53:02 AM

Yeah, I was aware of that but I was trying to keep csharp out of here.

9/22/2008 10:54:31 AM

http://www.washtimes.com/news/2008/sep/23/student-car-debt-quietly-added/

Now student loans and auto debt is being included. What the FUCK?!

9/23/2008 11:55:23 AM

Somebody's getting rich off of this.

9/23/2008 11:59:29 AM

This is like when FEMA was handing out those debit cards.

9/23/2008 7:17:30 PM

so when the government buys my student loans up, and that money for that purchase will come from tax dollars, can I just not pay my loans back since I will have already payed for them once? Or would it be better to take a deduction from my taxes for the ammount I paid on my loan?

9/23/2008 7:36:55 PM

seriously...i'm sure they would have no prob donating like 30k to my college loan....i mean 700 billion? shit man thats like 7000 million

9/23/2008 7:39:10 PM

Maybe some people will be set on fire for this corruption. Or maybe we'll just have to resort to doing that ourselves.

9/23/2008 7:39:37 PM

Quote :

"i mean 700 billion? shit man thats like 7000 million"

No, that's 700,000 million. In other words, 700 gigadollars. That sum could pay your college loan more than 23 million times.

9/23/2008 8:02:18 PM

9/24/2008 3:10:13 PM

the foreighn bank should also be helped.if not foreign bank fault for American economy. foreign invest with Amerian good and bad. they should be help good and bad.

9/24/2008 3:27:23 PM

my head hurts now

9/24/2008 3:32:18 PM

^^negative. we have no way to regulate or provide oversight for foreign companies. Further, the whole bailout is a friggin disaster as it is, we certainly don't need to be saddling Americans with debt for foreign companies as well.

9/24/2008 9:14:54 PM