It is NOT a Bailout !!!!!!

[C-Gold]

Read what the heck is taking place...
Did you watch Helicopter Ben and Hanky Panky today?
Think of it in simple accounting terms...
Do your own damn research...
LOOK at what the proposal is...



There are people that actually think the government is HANDING Wallstreet 700 billion dollars to bail them out and keep them afloat. There are headline news readers that don't even understand supply and demand, yet now they have an opinion on CDO's and other financial instruments they never heard of a month ago.

The media is brainwashing people, and the market for the angry financially ignorant is huge.
hno:

 

[tiznow]

i agree

but at the same time how in the hell are ben and hanktator gonna find a fair price for this toxic shit when the free markets can't on their own

did you really watch the testimony today? congress kept asking them how they are gonna price it and they kept stuttering with no clear answer....oh we'll have an auction house and lots of experts...blah blah blah

tell me that einstein

and also why do we have to hand over dictatorial type powers to hanktator in order to do this

 

[snoop]

I agreed. Absolutely not a bailout. It's more like welcome to United States of France :nohead:

 

[DonDotta27]

Not that im for the bill but if we dont accept do you forums gurus know whats going to happen!!

 

[Risk44]

C-Gold in Obi-wan Kenobi Voice waving hand across your face:

It is not a Bailout..

The banks are your friends...

The ol Jedi Mind trick.. Good one C.

 

[C-Gold]

I am a free market capitalist and I do NOT agree with the intervention, but it is more like a buyout than a bailout.

Nobody is being "given" money. I'd agree Tiz, that the single most imporant thing is " at what price". Ben talks about an auction model with bond traders etc., but nothing is fool proof.

What pissed me off today was all of the self serving senate scum trying to toot their own horn and say that they saw this coming etc. etc. etc. Hindsight is always 20/20 and these sleeze balls are trying to win political gain.

 

[C-Gold]

C-Gold in Obi-wan Kenobi Voice waving hand across your face:

It is not a Bailout..

The banks are your friends...

The ol Jedi Mind trick.. Good one C.

Did you even research this a full 10 seconds... Did you look into the provisions at all, or did you let your liberal news media friends decide your opinion for you?

I think I know the answer...

 

[tiznow]

Not that im for the bill but if we dont accept do you forums gurus know whats going to happen!!

yeah i know

but eh...maybe its for the best in the end

who knows

it may have to happen first before we are willing to give this type of power to unelected officials

like in the 30s when FDR took on dictatorial type powers AFTER the crash

congress seems of the opinion that things aren't bad so being reluctant

if markets were much lower and the economy much worse like they would be by now if not for all the intervention by the fed and government since this whole fiasco started

hanktator and ben wouldn't have to work as hard to get what they want

the end result seems inevitable the powers that be just attempting with all their might to buy as much time as they can before that day

ban short selling and such of financials 3rd world economic crises type desperation on their part

 

[Risk44]

Did you even research this a full 10 seconds... Did you look into the provisions at all, or did you let your liberal news media friends decide your opinion for you?

I think I know the answer...

Yeah Mr. Know it all. I did, I listened to the hearings today. Im sorry but you are not the only person in the entire world that understands it.. hate to break it to ya..

 

[C-Gold]

Tiz - A lot of people feel the Nancy Pelosi democratic congress with a 9% approval rating doesn't care THAT much because they know that the average person still attributes all negatives to Bush...

Sweetlou- You don't need a CPA to understand what is going on... all you have to do is read and have a basic understanding.

Your comments don't suggest you understand.

 

[tiznow]

dubya seems like the only one that supports this with no questions asked

this isn't a left/right issue

plus big government whores are the ones who would support this bill on principle...not conservatives.....

throw out the issue of how bad this would be if they didn't do this

conservatives would be saying let it fail....let the free markets work

from what i saw today at the testimony GOP and DEMs alike were against handing hanktator this much power....want a clear assurence this is the last time they will have to go through this as they already did with FNM/FRE, bear stearns etc........want to see better protection of taxpayer.....don't want hanktator to be above the courts or the constitution......and want a better idea of how they plan on finding fair market prices for this toxic garbage

to all questions hanktator and ben had no clear answer....of course

because there isn't one.....thus the problem

they trying to take on dictatorial type powers to save their broken system....before it breaks (or at least becomes apparent to in the broader economy and stock market that it is broken)

 

[Risk44]

Tiz - A lot of people feel the Nancy Pelosi democratic congress with a 9% approval rating doesn't care THAT much because they know that the average person still attributes all negatives to Bush...

Sweetlou- You don't need a CPA to understand what is going on... all you have to do is read and have a basic understanding.

Your comments don't suggest you understand.

OK C, I go out and I loan Joe Schmo a guy with Shitty credit over $10,000 dollars on a new car, Joe Schmo pays back 3 payments of lets just say 300 dollars and still owes $9,100 plus interest, on a car that is worth $3500 wholesale... Well Joe decides that he doesnt want this car anymore and joe voluntarily lets me Repo it from him..

So now Im stuck with this car, Ive only got a car worth $3500 wholesale in todays market and retail it would sell for say $7,000.00... well Im gonna go ahead now and sell this car to our Government for $9100.00 the amount that I loaned Joe, and the government is gonna pay me for the value of the car... So the Govt just paid me 9100, and they are holding a title for say 7k in todays market.. Whew thank goodness I was able to get bailed out by the govt, because I would be UPSIDE DOWN on that loan to Joe and would LOSE MY ASS (as the banks are doing).

So I LOSE NOTHING!

Whew... If it looks like a bailout, Smells Like a Bailout....

 

[quot7quot]

OK C, I go out and I loan Joe Schmo a guy with Shitty credit over $10,000 dollars on a new car, Joe Schmo pays back 3 payments of lets just say 300 dollars and still owes $9,100 plus interest, on a car that is worth $3500 wholesale... Well Joe decides that he doesnt want this car anymore and joe voluntarily lets me Repo it from him..

So now Im stuck with this car, Ive only got a car worth $3500 wholesale in todays market and retail it would sell for say $7,000.00... well Im gonna go ahead now and sell this car to our Government for $9100.00 the amount that I loaned Joe, and the government is gonna pay me for the value of the car... So the Govt just paid me 9100, and they are holding a title for say 7k in todays market.. Whew thank goodness I was able to get bailed out by the govt, because I would be UPSIDE DOWN on that loan to Joe and would LOSE MY ASS (as the banks are doing).

So I LOSE NOTHING!

Whew... If it looks like a bailout, Smells Like a Bailout....

That's where you're wrong smarty-pants. No way in hell the gov't gives you what you are owed on that shitty loan. May be closer to $3,500...may be closer to $7,000...may be somewhere in between. No one knows where it will be...hence, all the confusion and stammering in the hearings today

 

[C-Gold]

The government isn't planning on buying your 9100 dollar loan for 9100 dollars. That is your first mistake.

 

[Risk44]

That's where you're wrong smarty-pants. No way in hell the gov't gives you what you are owed on that shitty loan. May be closer to $3,500...may be closer to $7,000...may be somewhere in between. No one knows where it will be...hence, all the confusion and stammering in the hearings today

Well What do you think the Banks are gonna ask for? And what do you think they will get? I say it will be 100% LTV of the original price..

 

[quot7quot]

The government isn't planning on buying your 9100 dollar loan for 9100 dollars. That is your first mistake.

%^_

 

[quot7quot]

Well What do you think the Banks are gonna ask for? And what do you think they will get? I say it will be 100% LTV of the original price..

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

 

[Risk44]

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..

 

[C-Gold]

That's where you're wrong smarty-pants. No way in hell the gov't gives you what you are owed on that shitty loan. May be closer to $3,500...may be closer to $7,000...may be somewhere in between. No one knows where it will be...hence, all the confusion and stammering in the hearings today

THANK YOU....


Somebody that watched and UNDERSTOOD. I'd bet you 1% of the people on the street are at your level Mr. 7. The other 99% are screaming "Bail out, Bail out, Bail out" with no freaking idea what is going on.

The TV talking heads play games where they ask random people who the vice president is etc., I'd wonder how many people understand what "securitization" is.

 

[C-Gold]

Well What do you think the Banks are gonna ask for? And what do you think they will get? I say it will be 100% LTV of the original price..

No chance.