FUCK THIS.. I am not paying taxes next year..
 

i am not bailing out companies that fucked over people with shit credit unless the govt puts these ass fucks in jail...


http://biz.yahoo.com/ap/080714/mortg...ts_crisis.html

I agree. It's BS.

The Grace Commission Report that Reagan had put together showed that our tax dollars only pay off the INTEREST on the money that the US borrows.

So even worse than them bailing out companies who fucked over people, our government is BORROWING money to bail them out (along with a huge list of things I don't agree with), and our taxes are just going to pay on the interest for that money borrowed. Awesome huh?

Good luck explaining that to the IRS though. They don't give a shit.

Hate them all you want but without Freddie and Fannie.. we'd be worse off. Talking over night spikes.

i agree but if they didnt bail them out it could get a lot worse.

allow me to rethort.. yes, its not freddie and fannie mays fault. they are more of an enabler.. but, i think the banks and brokers that were involoved in the sub prime loan fiasco should be held accountable.. a lot of these people commited fraud imho by selling loans that they knew would end in default when the rates reset...

Man the US economy is so screwed. The sky is falling for sure.

Nothing lasts forever.

mmm... I agree, I don't want to pay taxes to bail fucktard companies either but, we have to consider tax evasion charges can be pretty harsh .... and if Freddy and Fannie melt down the panic will be ridiculous.....I am talkin' about investors who have a few pennies still invested in US companies.....

I agree too what dicks

Every fucking time the airlines take a shit in your mouth, just remember that the gov. stepped in and bailed them out too.

And yet we go into more debt. God love this country.

And who owns the dept. China. I called this a circle jerk.

We pay taxes, to pay off our dept to China, and the govt. keeps on getting us into more dept, so it borrows more money, so that we can pay more taxes later in the future, which is only interest on the amount owed to China.

And let's make the cricle Jerk a bit bigger this time, and let's take the UK and Spain with us, they need to borrow more money from China it seams.

...someone's gotta pay for the Mexicans.

THIS THREAD HAS NOW REACHED CRITICAL MASS!

When I fuck up my business and am losing my ass, I hope the government bails me out. But something tells me they will tell me to go and fuck myself.

sorry to disappoint you but even if NO ONE pays taxes these people would be bailed out. Why? Because the fed can just PRINT THE MONEY. Its called the "inflation tax" and takes more from you than your income tax.

Welcome to the real world.

The US government just keeps on printing out the money it needs regardless of what the other countries say... the EU is somewhat upset with the US government and the lack of proper leadership calling what the US is doing as financial warfare... no joke they said that.

Well maybe next year you can be cellmates with Wesley Snipes and the naked gay guy from Survivor. Sounds like a party.

If that worked I wouldn't have paid taxes since 2003 when the government lied and started a war with a country that didn't attack us and wasn't a threat to us.

We're still spending $10+ billion per month over there to keep the lie alive.

yeah, but federal is like summer camp.. plus i can be in with all the high roller fraudsters.. think of the rolodex i would have after a nice 2-5 years... :1orglaugh

The thing that's really pathetic about all of this is that NOTHING HAS CHANGED at Fannie Mae or Freddie Mac....their balance sheets are exactly the same as they were last quarter and the quarter before that....all that happened was some rumors spread and their stock plummeted.

Big fucking whoop.

Fuck, you'd think the one good thing you'd get out of a republican administration is that they wouldn't want the gov't interfering in the market sorting itself out.....but if figures we couldn't get that lucky.

Correction: We are BORROWING $10+ billion a month to keep the lie alive.

I read somewhere in a finance magazine or site that the US borrows $3 billion dollars a DAY to keep the country afloat. If that is true, that is total madness.

yeah, its gotten completely out of hand... not that clinton was some amazing president, but we he left office the US had a surplus and was paying down the national debt at a great pace...

Yeah, and when he raised taxes all of the conservatives screamed that it would throw us into a recession and/or depression, unemployment would skyrocket, the deficit would get worse...etc etc etc.

They're singing the same tune now....apparently it's the only song they know, let's just hope that this time, like in 1992, nobody is listening to them.

how about instead of pushing the problem to the tax payers, they try and HELP out these people with mortgage problems?

seriously, i think the banks and share holders are just to greedy and want their money NOW. they [banks] fully knew people would be screwed with their interest only mortgage or adjustable rate would go up. people dont seem to calculate the difference that half a point will make on their minimum payments each month, plus the banks were giving money to just about anyone 3 years ago who knew how to spell their own name.

instead, why dont they extend the length of the mortgage for the customers or work on a fixed rate with payoff + interest (if you pay off early or refi, you sitll owe a % interest). I just saw on the news a few weeks ago about people that were foreclosing on their homes because the rate went from 6% to 7% and they couldnt afford it. They were within 5 to 10 years, but couldnt refi to a lower amount. now they foreclose and this costs the banks even more money, while instead they could just extend the length of the mortgage 5 more years and that would save people from being screwed.

i dunno, just my :2 cents: