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Posted: Sat Sep 27, 2008 5:40 pm
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Posted: Mon Sep 29, 2008 1:27 pm
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Posted: Mon Sep 29, 2008 6:19 pm
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Posted: Mon Sep 29, 2008 7:39 pm
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Posted: Tue Sep 30, 2008 3:02 pm
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Posted: Tue Sep 30, 2008 3:51 pm
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The economy is going down whether the government does something about it or not... I would rather the government -not- do something because all they would do is make it worse, after all, they are the ones that caused the problem to begin with. The bail-out plan might have propped up the appearance of the market for a short while, but in the end it would still crash, and on top of that, the government would have also had new powers.
What the bail-out plan intended to do is allow the government to buy and sell stocks. They figured they would buy all the useless ones using taxpayer money.... when they run out of that, then they would print more. Then somehow these worthless stocks would become valuable again, at which point they would sell them for a higher price than what they bought them for to make a profit and supposedly return some of these profits to the taxpayers. However, these profits would not undo the damage caused by putting more money into circulation. Plus you can't put value into something that is worthless. Those stocks are worthless for a reason.
If I have to choose between a crappy economy and a crappy economy + fascism, I'll take just the crappy economy.
Dameon_Patron_of_Healing I was shocked we even had that kind of money to spare.. That's the thing... we -don't- have that kind of money to spare. The government would get the money to fund the bail-out by having the federal reserve print it, thus causing further inflation.
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Posted: Tue Sep 30, 2008 7:32 pm
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Posted: Tue Sep 30, 2008 10:19 pm
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Posted: Tue Sep 30, 2008 10:21 pm
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Posted: Wed Oct 01, 2008 5:35 am
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Posted: Wed Oct 01, 2008 6:55 am
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Posted: Wed Oct 01, 2008 8:27 am
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Posted: Thu Oct 02, 2008 9:42 pm
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Malheureux Harbone Well, I'm kinda glad they did. Most of Bush's ideas haven't really been all that great for the US. Hopefully, the second try will be something more amenable to public opinion and a bit less like a right-wing powerplay against, for instance, my damn bank! Man, I gotta get my money outta Chase! Too bad I just lost my job! Why would you want to remove your money from one of the strongest financial institutions in the world?? Just because they're buying the planet at fire-sale prices?
When it comes time to stand up and be counted, I don't want to have to say I went with the bad guys 'cause they're "stronger." I think I've had just about enough of the strong, lately.
I don't like that bank and I don't like the service you get. Soon's I get enough together, I'm starting a new account at a credit union.
Also, I've always HATED the historical JP Morgan.
I'm glad Tesla dumped his daughter. That was his daughter, wasn't it?
As for the Credit Crunch, well, I've spent the last 5 years trying to repair my personal credit. It's been a tight time. I'd rather not have my whole damn country going through a tight time just when I'm getting out of debt. I mean, crap! We had a surpluss when I got into debt, now we're teetering on the edge of a collapse when I'm getting out?
Screw that!
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Posted: Fri Oct 03, 2008 5:14 pm
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Posted: Fri Oct 03, 2008 5:51 pm
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