walletfart said:
The difference now is that we have actual examples of what our govt has done with these bailouts.

1. AIG bailout - has come back for more several times, it's never enough.

2. TARP (i.e. CRAP) - the govt campaigns on one approach then ended up acting in a different way once the bill was passed. Now, the government refuses to tell us where our money is going.

3. Detroit bailout, again not saving anybody and again Detroit comes back for more.

1. If you don't bailout AIG the entrie financial industry dies. AKA too big to fail
2. See 1
3. See 1

walletfart said:hope69 said:walletfart said:
The difference now is that we have actual examples of what our govt has done with these bailouts.

1. AIG bailout - has come back for more several times, it's never enough.

2. TARP (i.e. CRAP) - the govt campaigns on one approach then ended up acting in a different way once the bill was passed. Now, the government refuses to tell us where our money is going.

3. Detroit bailout, again not saving anybody and again Detroit comes back for more.


1. If you don't bailout AIG the entrie financial industry dies. AKA too big to fail
2. See 1
3. See 1

That's the fear they preach. Nobody's too big to fail, the world keeps turning. Too big to fail = too big to bail (dealguy will appreciate that one)

Fear or not its working. With the new CEO in the whitehouse next year, we can expect larger bailouts and insane amount of spending. Why worry about inflation or debt when we can have our children and their children to pay for it?

Why don't you guys get it, there are more homeowners than renters, there are more debtors than savers. In a democracy, the benefit to the majority usually gets the most votes for the politicans, thus bailouts are targetted accordingly. There will be no bailout for renters or floor on your savings rate.

walletfart said:HumDoHamaraDo said:Why don't you guys get it, there are more homeowners than renters, there are more debtors than savers. In a democracy, the benefit to the majority usually gets the most votes for the politicans, thus bailouts are targetted accordingly. There will be no bailout for renters or floor on your savings rate.

We do get it. Responsible people are getting screwed over repeatedly, and we're pissed about it. In a democracy, you're allowed to voice your concerns and appeal to rational behavior, even if you lose out.

Just keep preaching the message and hope more people "get it" (i.e. get your point) and that change will come.
So you know how to benefit, but refuse to do so on principal? You are a FWER?

HumDoHamaraDo said:walletfart said:HumDoHamaraDo said:Why don't you guys get it, there are more homeowners than renters, there are more debtors than savers. In a democracy, the benefit to the majority usually gets the most votes for the politicans, thus bailouts are targetted accordingly. There will be no bailout for renters or floor on your savings rate.

We do get it. Responsible people are getting screwed over repeatedly, and we're pissed about it. In a democracy, you're allowed to voice your concerns and appeal to rational behavior, even if you lose out.

Just keep preaching the message and hope more people "get it" (i.e. get your point) and that change will come.
So you know how to benefit, but refuse to do so on principal? You are a FWER?

Wow, is this what it's come to? To heck with future generations/fiscal responsibility as long as I take advantage of the system to get my buck too?

skagen said:HumDoHamaraDo said:walletfart said:HumDoHamaraDo said:Why don't you guys get it, there are more homeowners than renters, there are more debtors than savers. In a democracy, the benefit to the majority usually gets the most votes for the politicans, thus bailouts are targetted accordingly. There will be no bailout for renters or floor on your savings rate.

We do get it. Responsible people are getting screwed over repeatedly, and we're pissed about it. In a democracy, you're allowed to voice your concerns and appeal to rational behavior, even if you lose out.

Just keep preaching the message and hope more people "get it" (i.e. get your point) and that change will come.
So you know how to benefit, but refuse to do so on principal? You are a FWER?

Wow, is this what it's come to? To heck with future generations/fiscal responsibility as long as I take advantage of the system to get my buck too?
Wait a minutes, this is FW, right. We get great deals, AORs while playing with the rules they setup. The Government is doing the same, by the rules that people setup. How is that different?

HumDoHamaraDo said:
Wait a minutes, this is FW, right. We get great deals, AORs while playing with the rules they setup. The Government is doing the same, by the rules that people setup. How is that different?

I agree, if there is a way to play by the rules and make money off it too why not? I mean are you getting any part of the bailout money? If not maybe its time to find a way to do so. I am in the process of review all the bailout conditions and I believe I have found some loop hole, in about a few month I'll see if I can make some money off that too

Dealguy123 said:Well, I had the press conference streaming here at work, and the "plan" looks like Japan 2.0. LOL At least they won't directly be raping taxpayers with this plan.

They were talking/pushing 40 yr loans, refi borrowers to lower rates, and reducing principal amounts. The kicker with reducing principal amounts, is that you will still have to pay the principal back as a balloon note or some other way at the end of the primary loan! ROFL. Then the next question is.. whether the new loan will in fact be a recourse loan = lender owns you. They might even go after property appreciation as well.. so while families will get to "keep their home," they're ultimately paying for it. Sounds good to me!

Great plan to "secretly" bend over the sheeple, and make them think they're getting a "deal!"

Oh, no. These poor people with upside down mortgages are suffering so much already. They NEED to get a better break to return to the normal way of life.

Link.

" ... has cut his DVD buying from 50 a month to perhaps one, and is waiting until the Christmas sales to buy a high-definition television. He does not indulge much anymore in his hobbies of scuba diving and flying. “Best to wait for a better price, or do without,” Mr. Rogers, 52, said."

Can you imagine living on ONE DVD A MONTH WITHOUT HD TV? This is America after all!!!!

There are more Jerks among Joes and we are not happy to bail them out.

HumDoHamaraDo said:Why don't you guys get it, there are more homeowners than renters, there are more debtors than savers. In a democracy, the benefit to the majority usually gets the most votes for the politicans, thus bailouts are targetted accordingly. There will be no bailout for renters or floor on your savings rate.

ramba said:There are more Jerks among Joes and we are not happy to bail them out.

HumDoHamaraDo said:Why don't you guys get it, there are more homeowners than renters, there are more debtors than savers. In a democracy, the benefit to the majority usually gets the most votes for the politicans, thus bailouts are targetted accordingly. There will be no bailout for renters or floor on your savings rate.
Let them know, write to your Congress, Senators. Vote them out in the next election.