Page 1 of 3 123 LastLast
Results 1 to 15 of 38
  1. #1
    AIG government bailout. ?
    macgig's Avatar
    Member Since
    Mar 15, 2006
    Posts
    623
    Specs:
    20" 2007 Aluminum iMac 2.0 Ghz | 4 GB ram | 10.9.5
    Angry AIG government bailout. ?
    so, I hope you taxpayers have tons of money in your pocket.... cause at the end of the day, you will be paying for the big government bailout.... of the mortgage industry.... all the defaulted loans.... you know, for years lenders have been giving loans to broke people, people who should not be buying homes because they can't afford one. Tons of foreclosures nationwide... homes that won't sell, the subprime mess...

    govt loans AIG $80 Billion dollars (note: this is not the governments money, it is yours and mine. the taxpayers). I love it when the government tosses money at something like it's theirs. They forget its NOT THEIRS.

    everyone thinks the answers to their problems is to get the government to help them... what a crock.

  2. #2
    AIG government bailout. ?
    Kash's Avatar
    Member Since
    Dec 03, 2006
    Location
    Irvine, CA
    Posts
    9,385
    Specs:
    Black Macbook C2D 2GHz 3GB RAM 250GB HD iPhone 4 iPad 3G
    Don't get me started on the government bailouts, I have very unkind words to say about the subject...

    June 2007
    July 2009

  3. #3
    AIG government bailout. ?
    calenerd's Avatar
    Member Since
    Nov 30, 2007
    Location
    Sunny ol' Singapore
    Posts
    309
    Specs:
    2.4GHz Intel Core 2 Duo 20" iMac
    I think its necessary for the government to bailout, cause if they don't, it could seriously very much lead to a serious recession worldwide since globalization has made other countries very vulnerable to the world's booms and slumps. Although the government is "tossing" money at something like its theirs, it is still necessary and essential.
    The dark is passion, the light is logic.

  4. #4
    AIG government bailout. ?

    Member Since
    Jun 15, 2007
    Posts
    342
    Quote Originally Posted by calenerd View Post
    the government is "tossing" money at something
    better than iraq

  5. #5
    AIG government bailout. ?
    eric's Avatar
    Member Since
    Nov 04, 2006
    Location
    twin cities, mn, usa
    Posts
    8,708
    i find it funny that the right is very much to blame for this problem, spending way too much money on something essentially ill-planned that got us despised by much of the world and that has killed lots of our soldiers, and distracted much of our focus from post-911 terrorist hunting, that coupled with a laizes-fair attitude towards corporations that are difficult to impossible to hold responsible for anything including their own losses... and they, for the most part, continue to try to peg democrats as tax-and-spend.
    Please participate in our Member of the Month polls. Every vote counts! And remember to use the user reputation system!
    ["Dear Homer, I. O. U. one emergency donut. Signed, Homer." - Note by Homer Simpson]

  6. #6
    AIG government bailout. ?
    louishen's Avatar
    Member Since
    Oct 22, 2007
    Location
    London
    Posts
    8,968
    Specs:
    Mac Mini Core i7 2012 | White 2009 MacBook 2 Ghz | 733 Mhz G4 Quicksilver
    I guess it is now official - reward (profits) are still privatised

    Risk (failure) is socialized, the bankers take the profit, the taxpayer bails out the failures

  7. #7
    AIG government bailout. ?
    eric's Avatar
    Member Since
    Nov 04, 2006
    Location
    twin cities, mn, usa
    Posts
    8,708
    well put.

    virtual +rep. (since i can't give you any more right now).
    Please participate in our Member of the Month polls. Every vote counts! And remember to use the user reputation system!
    ["Dear Homer, I. O. U. one emergency donut. Signed, Homer." - Note by Homer Simpson]

  8. #8
    AIG government bailout. ?
    macgig's Avatar
    Member Since
    Mar 15, 2006
    Posts
    623
    Specs:
    20" 2007 Aluminum iMac 2.0 Ghz | 4 GB ram | 10.9.5
    I think the days of banks lending money to anyone that breathes is ending.... or giving home (and car?) loans to broke people that should not be buying homes.

    btw, debt as we know it today was started by guess who?

    The Government.... yep, they created the mess their now trying to fix. lol. When the gov't steps in, it's a sure bet that things will only get worse.

  9. #9
    AIG government bailout. ?
    eric's Avatar
    Member Since
    Nov 04, 2006
    Location
    twin cities, mn, usa
    Posts
    8,708
    Quote Originally Posted by macgig View Post
    btw, debt as we know it today was started by guess who?

    The Government.... yep, they created the mess their now trying to fix. lol. When the gov't steps in, it's a sure bet that things will only get worse.

    debt tends to come from administrations that borrow rather than tax.

    and how does any administration get into their position? we put them there.
    Please participate in our Member of the Month polls. Every vote counts! And remember to use the user reputation system!
    ["Dear Homer, I. O. U. one emergency donut. Signed, Homer." - Note by Homer Simpson]

  10. #10
    AIG government bailout. ?
    fleurya's Avatar
    Member Since
    Nov 18, 2006
    Location
    Anytown, USA
    Posts
    4,925
    Specs:
    27" iMac 2.7GHz Core i5, iPhone 4S, 3rd gen iPad
    Quote Originally Posted by macgig View Post
    I think the days of banks lending money to anyone that breathes is ending.... or giving home (and car?) loans to broke people that should not be buying homes.

    btw, debt as we know it today was started by guess who?

    The Government.... yep, they created the mess their now trying to fix. lol. When the gov't steps in, it's a sure bet that things will only get worse.
    Really? Isn't it the lack of oversight and regulation of these lenders giving loans to anyone with a heartbeat that got us into this mess to begin with??
    "Give so much time to the improvement of yourself that you have no time to criticize others"

  11. #11
    AIG government bailout. ?
    Kash's Avatar
    Member Since
    Dec 03, 2006
    Location
    Irvine, CA
    Posts
    9,385
    Specs:
    Black Macbook C2D 2GHz 3GB RAM 250GB HD iPhone 4 iPad 3G
    Lack of oversight and regulation = government's job. So in a way, macgig is right

    June 2007
    July 2009

  12. #12
    AIG government bailout. ?
    Kash's Avatar
    Member Since
    Dec 03, 2006
    Location
    Irvine, CA
    Posts
    9,385
    Specs:
    Black Macbook C2D 2GHz 3GB RAM 250GB HD iPhone 4 iPad 3G
    Quote Originally Posted by calenerd View Post
    I think its necessary for the government to bailout, cause if they don't, it could seriously very much lead to a serious recession worldwide since globalization has made other countries very vulnerable to the world's booms and slumps. Although the government is "tossing" money at something like its theirs, it is still necessary and essential.
    What's necessary is for these companies to collapse so that sound financial institutions can rise and take their places. Having an economy that is always growing is not practical in a capitalist system, recessions are needed to correct errors and inspire new growth. We should have gone into recession eight years ago after the Internet bubble popped, but since then the government has been patching things up in an attempt to stall recession for as long as possible.

    The problem is that we were inevitably going to go into a recession anyway, but since it was put off till later, its effects are going to be greater than they would have been, and will last longer as a result. I can understand the administration not wanting to be blamed for a recession on its watch, but it made things far worse in attempting to forestall it, and now we're paying the consequences.

    Another huge issue at hand with these bailouts is that the Fed is pumping out money at a higher rate, and that can mean only one thing: an increased rate of inflation. We shouldn't be bailing out these companies by printing more money, we need to let them crumble for their irresponsible tactics while preserving the value of the dollar and not going into more debt with foreign nations. The government is currently behaving like a teenage girl who just got her hands on daddy's platinum card and is trying to spend as much as possible before she's caught and has to give it back.

    June 2007
    July 2009

  13. #13
    AIG government bailout. ?
    harryb2448's Avatar
    Member Since
    Nov 28, 2007
    Location
    Nambucca Heads Australia
    Posts
    20,014
    Specs:
    iMac i5 2.7GHz, 16GB memory, OS 10.10.5
    Quote Originally Posted by louishen View Post
    I guess it is now official - reward (profits) are still privatised

    Risk (failure) is socialized, the bankers take the profit, the taxpayer bails out the failures
    Not only that loiushen but the all those public servants (what a misnomer that is) with their fingers in private enterprise. Great for the IRS I guess.

  14. #14
    AIG government bailout. ?
    Discerptor's Avatar
    Member Since
    Aug 02, 2005
    Posts
    1,229
    Specs:
    2.6GHz Core i7 15" MacBook Pro - 8GB DDR3 SDRAM - 750GB 7200 RPM HDD - GeForce 650M GT 1GB VRAM
    Quote Originally Posted by louishen View Post
    I guess it is now official - reward (profits) are still privatised

    Risk (failure) is socialized, the bankers take the profit, the taxpayer bails out the failures
    I don't think I've ever wanted to hug you more.

  15. #15
    AIG government bailout. ?
    skye's Avatar
    Member Since
    Sep 12, 2006
    Location
    Twin Cities, MN
    Posts
    1,224
    Specs:
    Macbook 2.0ghz coeduo 1GB RAM 80 GB HD SuperDrive
    Privatize the whole lot of it!

    The biggest problems with these bail-outs are:
    -The Fed is doing it which is unconstitutional as it is only congress who is to spend money.
    -The Fed isn't really taking our money, they are just printing it (85 Billion i think) and handing it over. This in effect makes our dollar weaker by increasing the supply of it and also increasing deficit.

    Abolish the Federal Reserve and elect a congress with balls enough to do something and then we will see our economy rebound.

    Did you know Ron Paul predicted this stuff like 5 years ago?
    Blog- My random musings as I document the spiritual changes I go through.

    "And now these three remain: faith, hope and love. But the greatest of these is love." 1st Corinithians 3:13

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Getting REAL tired of our government!
    By iggibar in forum Schweb's Lounge
    Replies: 14
    Last Post: 10-12-2011, 12:01 PM
  2. AIG Executives Blow $440,000 After Getting Bailout
    By macgig in forum Schweb's Lounge
    Replies: 24
    Last Post: 10-12-2008, 06:39 PM
  3. AWESOME Government Discounts!!
    By HmmIsee in forum Schweb's Lounge
    Replies: 3
    Last Post: 09-07-2008, 11:40 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •