I'm sorry, i cant pay taxes next year... - GoFuckYourself.com

marketsmart · 09-23-2008, 10:47 AM

it appears i have mismanaged my investments....

i am sure the govt will bail me out or just tell me to not worry about it...

"hey brother, can you spare a dime"......................

WhiplashDug · 09-23-2008, 10:49 AM

Oh SNAP! You too?

Let's bundle our bad investments and sell them to the feds!

pornguy · 09-23-2008, 10:55 AM

Sounds like a plan.

Bet they wont see it that way.

notime · 09-23-2008, 11:03 AM

the fed might send you a nice color printer and a $PSD file
and say "do it yourself"..we can't take care of everybody

xenigo · 09-23-2008, 11:05 AM

Bailing out major financial institutions = saving the economy

Bailing out you = saving nobody

WhiplashDug · 09-23-2008, 11:07 AM

Quote:

Originally Posted by xenigo

Bailing out major financial institutions = saving the economy

Bailing out you = saving nobody

Bailing out major financial institutions = "Privitization of Profits - Nationalization of Losses"

WAY TO GO!!!!

xenigo · 09-23-2008, 11:18 AM

Quote:

Originally Posted by WhiplashDug

Bailing out major financial institutions = "Privitization of Profits - Nationalization of Losses"

WAY TO GO!!!!

Dude there's a million arguments to this thing. How would you like to have had over $100k in an account with Lehman Bros and the feds decided not to bail them out.

Everything above that $100k would be gone.

Apparently there's a lot of people in that exact situation.

TubeTitans_SusieQ · 09-23-2008, 11:21 AM

it happens to the best of us lol

KillerK · 09-23-2008, 11:25 AM

You sorta have to make money to need to pay taxes.

CaptainHowdy · 09-23-2008, 11:26 AM

I've been there all the time ...

WhiplashDug · 09-23-2008, 11:28 AM

Quote:

Originally Posted by xenigo

Dude there's a million arguments to this thing. How would you like to have had over $100k in an account with Lehman Bros and the feds decided not to bail them out.

Everything above that $100k would be gone.

Apparently there's a lot of people in that exact situation.

LOL... really? thats how it works??? So, If in my Lehman Bros account, if I owned 500,000 worth of stock in Apple.. I'd loose $400,000 of it ???

NOW I see the light!!! BAIL THEM ALL OUT!!!

and.. btw... Barclays Capital bought Lehman Bros.

xenigo · 09-23-2008, 11:37 AM

Dude that's not the example I'm talking about. Obviously if it was Apple stock you owned, the funds would be with Apple.

Banks over-extended themselves with subprime mortgages. You think people who bank with those institutions should just forfeit their funds, because the banks can't afford to let you withdraw your money?

WhiplashDug · 09-23-2008, 12:00 PM

Quote:

Originally Posted by xenigo

Dude that's not the example I'm talking about. Obviously if it was Apple stock you owned, the funds would be with Apple.

Banks over-extended themselves with subprime mortgages. You think people who bank with those institutions should just forfeit their funds, because the banks can't afford to let you withdraw your money?

Well .. first.. BANKS sold sub-prime mortgages based on congress telling them to do so - which started back in the mid 90's. Fannie and Freddie went arround BUYING UP all that garbage debt. The leveraged it to buy more. Then did more of the same in order to over-value the assets of the sudo-government agencies/companies - and then paying themsleves massive amounts of money based on the size of the asset growth - that was over leveraged and overflowing with sub prime mortgages.

LEHMAN joined in the fun and did the same. AIG insurred all those mortgages (Primary Mortgage Insurance) and thus is on the hook for all that sub-prime garbage as it defaults.

As for the 'buy-out' - well, its going to be somewehere between $500-700billion! That much additional debt to you and me will DILUTE the dollar and further devalue it. Thus, there will be added price inflation to everything Americans need and use everyday.

So, we all get higher taxes, less buying power and generally bent over yet again!

xenigo · 09-23-2008, 12:08 PM

Quote:

Originally Posted by WhiplashDug

Well .. first.. BANKS sold sub-prime mortgages based on congress telling them to do so - which started back in the mid 90's. Fannie and Freddie went arround BUYING UP all that garbage debt. The leveraged it to buy more. Then did more of the same in order to over-value the assets of the sudo-government agencies/companies - and then paying themsleves massive amounts of money based on the size of the asset growth - that was over leveraged and overflowing with sub prime mortgages.

LEHMAN joined in the fun and did the same. AIG insurred all those mortgages (Primary Mortgage Insurance) and thus is on the hook for all that sub-prime garbage as it defaults.

As for the 'buy-out' - well, its going to be somewehere between $500-700billion! That much additional debt to you and me will DILUTE the dollar and further devalue it. Thus, there will be added price inflation to everything Americans need and use everyday.

So, we all get higher taxes, less buying power and generally bent over yet again!

So I guess the bottom line is - what do you think the best solution is? I don't know if there's a good one.

BV · 09-23-2008, 12:08 PM

https://youtube.com/watch?v=J_Y3TL8YW8c

WhiplashDug · 09-23-2008, 12:11 PM

Quote:

Originally Posted by xenigo

So I guess the bottom line is - what do you think the best solution is? I don't know if there's a good one.

Yeah. Tell government to STAY OUT of business! NO BAILOUT!
Let the Capital Markets deal with this themselves.

BV · 09-23-2008, 12:16 PM

Quote:

Originally Posted by WhiplashDug

Yeah. Tell government to STAY OUT of business! NO BAILOUT!
Let the Capital Markets deal with this themselves.

EXACTLY8

DWB · 09-23-2008, 01:49 PM

The real story is that China stopped lending the USA so much money about 6 months ago and this is what happens as a result. They were lending us OVER 1 billion dollars A DAY. Now we don't have it and we are falling apart.

V_RocKs · 09-23-2008, 02:08 PM

I say stop the bailouts and see where the chips fall...

Will teach a lot of people a lot of lessons... The first lesson will be that Americans can no longer walk around thinking someone has their best interests at heart.

Reminds me of the song for the opening of Weeds.... Or the song they used to have...

Manowar · 09-23-2008, 02:10 PM

Quote:

Originally Posted by DirtyWhiteBoy

The real story is that China stopped lending the USA so much money about 6 months ago and this is what happens as a result. They were lending us OVER 1 billion dollars A DAY. Now we don't have it and we are falling apart.

that is a lot of fucking money

chuvii · 09-23-2008, 02:45 PM

man, you still have a time to be stronger and don't give up! Be smart, fast and you'll win!

IllTestYourGirls · 09-23-2008, 03:14 PM

Quote:

Originally Posted by Manowar

that is a lot of fucking money

we were borrowing close to if not over 3 billion a day from China and Japan

09-23-2008, 10:47 AM	#1
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	I'm sorry, i cant pay taxes next year... it appears i have mismanaged my investments.... i am sure the govt will bail me out or just tell me to not worry about it... "hey brother, can you spare a dime"......................

09-23-2008, 10:49 AM	#2
WhiplashDug ICS Graphics Dude Industry Role: Join Date: Aug 2006 Location: SACTO Posts: 3,438	Oh SNAP! You too? Let's bundle our bad investments and sell them to the feds! __________________ Was a graphics master for Lensman @ Adult.com but now... I can't tell ya cause it aint top secret. ........... *DOUGRIDLEYDESIGNS* [email protected] ICQ: 303-498-056 skype: whiplashdug

09-23-2008, 10:55 AM	#3
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Sounds like a plan. Bet they wont see it that way. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

09-23-2008, 11:21 AM	#8
TubeTitans_SusieQ Confirmed User Join Date: May 2007 Location: Sunny Florida Posts: 3,884	it happens to the best of us lol __________________ Make $40 on Every FREE Lifetime Registration ICQ: 370399852

09-23-2008, 11:26 AM	#10
CaptainHowdy Too lazy to set a custom title Industry Role: Join Date: Dec 2004 Location: Happy in the dark. Posts: 93,781	I've been there all the time ... __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc.

09-23-2008, 11:03 AM	#4
notime Confirmed User Industry Role: Join Date: Jun 2003 Location: cyberspace Posts: 8,022	the fed might send you a nice color printer and a $PSD file and say "do it yourself"..we can't take care of everybody

09-23-2008, 11:05 AM	#5
xenigo Confirmed User Industry Role: Join Date: Jan 2001 Location: Oakland, CA Posts: 8,067	Bailing out major financial institutions = saving the economy Bailing out you = saving nobody

09-23-2008, 11:25 AM	#9
KillerK Confirmed User Join Date: May 2008 Posts: 3,406	You sorta have to make money to need to pay taxes.

09-23-2008, 11:37 AM	#12
xenigo Confirmed User Industry Role: Join Date: Jan 2001 Location: Oakland, CA Posts: 8,067	Dude that's not the example I'm talking about. Obviously if it was Apple stock you owned, the funds would be with Apple. Banks over-extended themselves with subprime mortgages. You think people who bank with those institutions should just forfeit their funds, because the banks can't afford to let you withdraw your money?

09-23-2008, 12:08 PM	#15
BV wtf Industry Role: Join Date: Sep 2001 Location: Bikini State, FL USA Posts: 10,914	https://youtube.com/watch?v=J_Y3TL8YW8c Last edited by BV; 09-23-2008 at 12:10 PM..

09-23-2008, 01:49 PM	#18
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	The real story is that China stopped lending the USA so much money about 6 months ago and this is what happens as a result. They were lending us OVER 1 billion dollars A DAY. Now we don't have it and we are falling apart.

09-23-2008, 02:08 PM	#19
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,422	I say stop the bailouts and see where the chips fall... Will teach a lot of people a lot of lessons... The first lesson will be that Americans can no longer walk around thinking someone has their best interests at heart. Reminds me of the song for the opening of Weeds.... Or the song they used to have...

09-23-2008, 02:45 PM	#21
chuvii Confirmed User Join Date: Sep 2006 Posts: 691	man, you still have a time to be stronger and don't give up! Be smart, fast and you'll win! __________________ Mainstream and Adult Design