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

[marketsmart]

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]

Oh SNAP! You too?

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

[pornguy]

Sounds like a plan.

Bet they wont see it that way.

[notime]

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]

Bailing out major financial institutions = saving the economy

Bailing out you = saving nobody

[WhiplashDug]

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]

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]

it happens to the best of us lol

[KillerK]

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

[CaptainHowdy]

I've been there all the time ...

[WhiplashDug]

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]

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]

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]

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]

http://www.youtube.com/watch?v=J_Y3TL8YW8c

[WhiplashDug]

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]

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

EXACTLY8

[DWB]

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]

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]

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]

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

[IllTestYourGirls]

that is a lot of fucking money

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