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poulson got his 700billion

tripledoubletripledouble 7,636 Posts
edited September 2008 in Strut Central
img src="/ubbthreads/images/graemlins/WHYMUSTICRY.gif" alt="" /1b,121b,121no protections for homeowners either.b,121b,121this shit is real real weak. i woulda let the shit collapse and kept the 70 billion to meet the social needs that may have arisen (not to mention the social needs created by the general gap between rich and poor in this country)b,121b,121i think 11 billion could have ensured safe, accessible drinking water for everyone in the world.b,121b,12156 billion = health care for 16 million peopleb,12156 billion = 58 million homes w/renewable electricityb,121b,121b,121instead...we maintain a system that has had a dubious effect on the majority of americans (please correct me if this is a dumb statement)
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  Comments

  • bull_oxbull_ox 5,056 Posts
    I've refused to comment on the $700 bill as I don't understand the specifics of whats going on that could cause the economy to collapse (and I've not seen anything in the mainstream media thats attempted to explain it either)b,121b,121I'm curious if it was the entire 700 or if it was what I've been hearing the past few days though: a portion of that is made available and if necessary more can be provided
  • bull_oxbull_ox 5,056 Posts
    Your stats definitely lend to some head-scratching though
  • tripledoubletripledouble 7,636 Posts
    250 up frontb,121100 more availableb,121and 350 okable by congress later onb,121b,121there will be some accountability, but paulson basically holds the money bag.
  • grandpa_shiggrandpa_shig 5,799 Posts
    yeah, the only thing i have been able to wrap my head around for the past 8 years is that things are fucked up. and when i say fusk i dont mean fusk, fucquers.
  • willie_fugalwillie_fugal 1,862 Posts
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    h,121
    b,121I've refused to comment on the $700 bill as I don't understand the specifics of whats going on that could cause the economy to collapse (and I've not seen anything in the mainstream media thats attempted to explain it either)
    b,121
    b,121
    h,121
    font class="post"1b,121b,121f'real. unless anyone here has a PhD in Economics and wrote their dissertation on dealing with national level financial infrastructure meltdowns, how are any of us supposed to do anything other than just say "aight, whatever the fusk y'all say, but it sounds fuskin crazy".b,121b,121Figuring out how to solve such a massive problem for which any possible solution could have so many unconsidered consequences is a herculean task, so I just hope Paulson et al brought their A-game, and we'll see how it goes...
  • JimBeamJimBeam Seattle. 2,012 Posts
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    h,121
    b,121I've refused to comment on the $700 bill as I don't understand the specifics of whats going on that could cause the economy to collapse (and I've not seen anything in the mainstream media thats attempted to explain it either)
    b,121
    b,121I'm curious if it was the entire 700 or if it was what I've been hearing the past few days though: a portion of that is made available and if necessary more can be provided
    b,121
    b,121
    h,121
    font class="post"1b,121b,121explanation of the plan here: a href="http://www.economist.com/opinion/displaystory.cfm?story_id=12305746" target="_blank"1http://www.economist.com/opinion/displaystory.cfm?story_id=12305746/a1b,121b,121further analysis of the plan as the week went on and congress began to weigh on it: a href="http://www.economist.com/opinion/displayStory.cfm?source=most_commented&Story_ID=12305249" target="_blank"1http://www.economist.com/opinion/displayStory.cfm?source=most_commented&Story_ID=12305249/a1b,121b,121there are more stories and analysis on their main page about the news from over the weekend and today.
  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
    TOTAL CROCK.
  • GaryGary 3,982 Posts
    ^^thinks that most of it will go to the illuminati and space aliens that are trying to destroy texas rap ^^
  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
    Knows that they're just planning to print that $700 billion up in new bills -> hello, (hyper-)inflation. b,121b,121They're causing the dollar to completely fail, so that they can eventually usher in the Amero. b,121b,121Save the economy, pfft...what a joke.
  • dayday 9,611 Posts
    Um... b,121b,121img src="http://img.photobucket.com/albums/v204/day465/ruhoh.jpg"1b,121b,121600pts?
  • mylatencymylatency 10,475 Posts
    IT'S HARD OUT THEREb,121b,121FOR AN INVESTMENT BANKERb,121b,121records are a MUCH better investment right nowb,121b,121what will Buffett gobble up next?b,121b,121WWWBD
  • GaryGary 3,982 Posts
    Amero... LOL
  • shooteralishooterali 1,591 Posts
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    h,121
    b,121Um...
    b,121
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    b,121600pts?
    b,121
    b,121
    h,121
    font class="post"1b,121b,121I'll admit I don't own any stock and I'm glad.b,121Wachovia just got bought out and investors just lost alot as well.
  • DocMcCoyDocMcCoy "Go and laugh in your own country!" 5,913 Posts
    I watched the vote live on the BBC News Channel. It was weird watching the Republican nays stack up, while the dudes in the studio talked about how a lot of GOP Representatives were going to vote nay for "ideological" reasons, as if that kind of sub-Ayn Rand bullshit wasn't at least part of the reason for this mess to begin with. Nice if you can afford such luxuries.
  • shooteralishooterali 1,591 Posts
    Yo, people are saying this to me "SHIT, is so bad in the U.S. we might as well move to Canada". img src="/ubbthreads/images/graemlins/wtf.gif" alt="" /1
  • jleejlee 1,539 Posts
    WOW.b,121b,121As a capitalist, I like to see the push to respecting the free market.b,121b,121As a citizen of the US, I think this is a horrible call and would be shocked if the Reps don't reneg on their vote within the next 24 hrs.
  • CousinLarryCousinLarry 4,618 Posts
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    b,121WOW.
    b,121
    b,121As a capitalist, I like to see the push to respecting the free market.
    b,121
    b,121As a citizen of the US, I think this is a horrible call and would be shocked if the Reps don't reneg on their vote within the next 24 hrs.
    b,121
    b,121
    h,121
    font class="post"1b,121b,121They did this so they can later say. "I was against it from the start."
  • DocMcCoyDocMcCoy "Go and laugh in your own country!" 5,913 Posts
    Obama is on the BBC as he speaks live from Colorado right now, sounding mad presidential.b,121b,121As a democratic socialist who holds with the idea of a mixed economy and has witnessed the failure of trickle-down economics here in the UK, all of this looks to me like the logical conclusion of an unregulated free market - or, at least, one that hasn't been regulated properly. On one hand, I think it's to be expected that so many Republicans would vote on this as a point of principle, but on the other hand, you'd expect most of them to be cushioned against the worst of the fallout.b,121b,121Maybe it's something to do with my pinko gene, but I genuinely don't get this cheerleading for "small government". The state doesn't need to have total control of everything, but nor should it adopt a "who, me?" attitude in times of crisis. We saw the outcome of that after Katrina. I mean, either you run the country, or you don't. And if you don't, then F*ck off back to your ranch in Crawford, and let a man come in and do the Popcorn, nahmean?
  • mannybolonemannybolone Los Angeles, CA 15,025 Posts
    I'm just glad me and wifey decided to hold back on house hunting. Our downpayment $$$ just got JOOKED.
  • spelunkspelunk 3,400 Posts
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    b,121I'm just glad me and wifey decided to hold back on house hunting. Our downpayment $$$ just got JOOKED.
    b,121
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    font class="post"1b,121b,121Can you convince my parents to stop? They keep on looking even with a shaky financial situation...hard not to though when you are getting destroyed on taxes and can't write off any assets or expenses, the tax benefits are so appealing. But in this market I really think they should hold back.
  • barjesusbarjesus 872 Posts
    Over 700 pts drop. Are we all fucked?
  • mannybolonemannybolone Los Angeles, CA 15,025 Posts
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    b,121Over 700 pts drop. Are we all fucked?
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    font class="post"1b,121b,121Doubtful. That said, the roller coaster ain't over.
  • barjesusbarjesus 872 Posts
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    b,121
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    h,121
    b,121Over 700 pts drop. Are we all fucked?
    b,121
    b,121
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    font class="post"1
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    b,121Doubtful. That said, the roller coaster ain't over.
    b,121
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    font class="post"1b,121b,121I hope you're right. It's back in the 600's. Figures crossed.
  • mannybolonemannybolone Los Angeles, CA 15,025 Posts
    It's going to be bad this week but once the bailout gets passed (IF it gets passed, which I think it will), we'll see a bounce back. Not 100% but enough to allay some fears.b,121b,121In the meantime though: buh bye Wachovia!
  • GrandfatherGrandfather 2,303 Posts
    there's this guy i work with who was a retiree but took a job here because he was bored at home, so he says...b,121he was using/living off his 401k and hes been going fusking nuts over the bailout and the marketb,121i feel for that guy.
  • mannybolonemannybolone Los Angeles, CA 15,025 Posts
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    h,121
    b,121there's this guy i work with who was a retiree but took a job here because he was bored at home, so he says...
    b,121he was using/living off his 401k and hes been going fusking nuts over the bailout and the market
    b,121i feel for that guy.
    b,121
    b,121
    h,121
    font class="post"1b,121b,121Yeah, sucks for him. THis probably isn't going to effect most Americans QUITE yet; the % of folks with any stock is in the vast minority. But if credit dries up for real? Everyone is FUCKED.
  • kidinquisitivekidinquisitive 1,627 Posts
    Wow. I think we're all going to remember this day for a long time (for better or worse I don't know).
  • barjesusbarjesus 872 Posts
    So, as a liberal, I hate to say this, but is Nancy Pelosi doing a horrible job? Putting this up for a vote before knowing the were enough votes for it to pass seems dumb. 92 democrats voted nay. Shouldn't her and the whip gotten them on board, so she wouldn't have to bank on Bohners word.
  • ReynaldoReynaldo 6,054 Posts
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    h,121
    b,121Over 700 pts drop. Are we all fucked?
    b,121
    b,121
    h,121
    font class="post"1
    b,121
    b,121Doubtful. That said, the roller coaster ain't over.
    b,121
    b,121
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    font class="post"1
    b,121
    b,121I hope you're right. It's back in the 600's. Figures crossed.
    b,121
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    h,121
    font class="post"1b,121-777
  • mannybolonemannybolone Los Angeles, CA 15,025 Posts
    "S&P loses $700 billion"b,121b,121Oops, does that mean we need a 1.4 billion bailout now?
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