It is NOT a Bailout !!!!!!

[C-Gold]

If the govt was just gonna give me $3500 for it I would sell it well below the market price of 7 grand.. Just as the banks COULD do but they DO NOT want to BECAUSE they WOULD LOSE MONEY..

The government is gonna come in and give em a sweet deal... You watch..

Have you been watching the news in the last few months.... Do you understand why the Lehmans and Bear Sterns were going under?


Liberals love to just give thems a 1 word Label...

Change
Greed
Change
Bailout
Greed
Change
Hope
More of the same
Hope
Change
Greed
Bailout

Ask them what it means and they are "clueless".

 

[Risk44]

ok so what is it when I own some bad debt that nobody wants and someone is actually gonna pay me for it?

way to ruin the debate C... Who you tryin to kid? Quit listening to all those AM Radio and Fox News pundits and open your eyes...

ITS A BAILOUT!

 

[soonerfanjames]

A good portion of the money goes to those who followed Big Bookie the past few weeks.

 

[C-Gold]

No fucking way. There is little I am sure of, but that is one thing I will say I am absolutely sure of.

Agreed.

 

[C-Gold]

ok so what is it when I own some bad debt that nobody wants and someone is actually gonna pay me for it?

way to ruin the debate C... Who you tryin to kid? Quit listening to all those AM Radio and Fox News pundits and open your eyes...

ITS A BAILOUT!

What is bad debt?

 

[Risk44]

Agreed.

OK what percentage of the original loans do you think they are gonna give these Banks? I bet most houses in foreclosure are so new that the closing costs added into the loans arent even paid off yet...

You tell me oh smart ones..

 

[tiznow]

What is bad debt?

handing out CCs to anybody with a pulse

handing out no money down mortgages to anybody with a pulse

handing out 300k student loans for kids to get drunk 3 nights a week and get a business degree

i can come up with more if you like

and than toss all this toxic shit into highly leveraged instruments, distribute, and infect the world economy with its toxicity

and now they will try to do is clear the system out the banks yes will take a lumping....but so too will the taxpayer in order to avert the financial armaggedon which their system put us on the brink of

and start all over again

and find more sheep to enslave in debt

and when its working they make big bucks

and when it ain't big government comes to their aid

 

[Risk44]

Debt that you are upside down on, as in you owe more on it than its worth..

 

[C-Gold]

Sweetlou-

Do you have any idea what capital requirements are? The banking industry is heavily regulated.

 

[C-Gold]

Debt that you are upside down on, as in you owe more on it than its worth..

2 point question
So can you tell me what that has to do with the owner of the debt?...

 

[quot7quot]

Sweetlou-

Do you have any idea what capital requirements are? The banking industry is heavily regulated.

Just give it up. This guy is either playing with you or too dumb to understand. Either way, big waste of time engaging him.

 

[Risk44]

Sweetlou-

Do you have any idea what capital requirements are? The banking industry is heavily regulated.

What does that have to do with anything? They own the assets.

Truth is these banks could shortsell all these properties but they know that the Government will pay them for the properties WAY more than if they short sell them. This is a sweet deal for the Banks...

 

[Risk44]

Just give it up. This guy is either playing with you or too dumb to understand. Either way, big waste of time engaging him.

UH-OH here comes the namecalling... I guess ill just end this discussion and let "7" give you that handjob now..

:nohead:

TURNING CONSERVATIVES INTO CRYBABIES EVERYDAY.:sadbb::sadbb::sadbb:

 

[tiznow]

No fucking way. There is little I am sure of, but that is one thing I will say I am absolutely sure of.

well under the current proposal

hanktator can do as he wants

chances are if a bank is in deep shit and chances of going up with extreme levels of highly toxic shit debt they will get a better deal for their junk in order to try to attempt to save them

so once again we will promote the worst of the worst lending

this is partially what congress is grilling the hanktator and ben on how are you gonna price this shit

under the proposal that they gave hanktator can decide whatever he pleases

 

[C-Gold]

Just give it up. This guy is either playing with you or too dumb to understand. Either way, big waste of time engaging him.

I wish people weren't so ignorant. I am a free market guy, but if school ( free public high schools) started making finance 101, accounting 101, economics, personal finance manditory it would make this country a hell of a lot better off.

The average 18 year old kid is so financially ignorant it isn't even funny. If you know what you are doing and you make certain choices, that is fine, but when these kids don't even realize where their choices are leading them.... and at least half of them don't have parents or they are too stupid to realize too....

50 years ago if you wanted to buy somthing... you paid cash... if you didn't have the cash, you saved up for it....

Today, if you don't have the money kids buy it on credit. Not only do kids buy whatever they want on credit, but they have MTV and other pop media preaching that they need this or that to be HAPPY.

We might have to blow the whole system up before it gets fixed.

 

[quot7quot]

they bought their tickets...they knew what they were getting into...i say, let 'em crash.

 

[C-Gold]

What does that have to do with anything? They own the assets.

Truth is these banks could shortsell all these properties but they know that the Government will pay them for the properties WAY more than if they short sell them. This is a sweet deal for the Banks...

You don't understand how a banks capital requirements blend into this conversation...? Honestly?

 

[Risk44]

they bought their tickets...they knew what they were getting into...i say, let 'em crash.

oh but hey its not a bailout man.. its not a bailout..didnt you listen to your master?

if you think its a bailout you are dumb... Everyone in here is dumb... yeah I got that.. You are the smart ones... :nohead:

 

[tiznow]

I am a free market guy,

yet your in support of allowing the hanktator price toxic leveraged shit as he pleases? :think2:

regardless of what would happen if they didn't do this

the proposed legislation as it stands is as fascist and non-free market based as it gets

 

[C-Gold]

they bought their tickets...they knew what they were getting into...i say, let 'em crash.

Oh, I don't LIKE the intervention we are seeing either, but it is not a BAIL OUT, it is not free money for big banks, it is not a hand out and it could turn out to be VERY profitable.