Pornographers suck at economics
 

Thats a fact.

All these funny threads about the "Big Bail Out".

DOn't you ninnies realise this bail out plan is nothing more than a pay off to the financial industry that did nothing but throw the dice in "High Risk" loans?
These sort of things are not called "Hi Risk" for nothing. If they banked on them they need to lose with them as well thats what high risk is all about.

There should be no "bail out". Period. These companies need to file for bankruptcy and suffer. Why the the elite few of these companies should be rewarded with tax payer money for failure is ridiculous.

The market will correct itself without the bail out just fine. So a few rich guys that took high risk bet's lose thats life and thats business.

THe only thing the government should be doing right now is placing in more regulation on the financial industry and not give any money whats so ever to these rich begger's on Wallstreet that expect a typical American to pay for there stupidity.

This Bail out is not the end of the world. The Bail out plan is yet just another big retarded stupid mistake in the long history of Bush. Only the Bushies could think of doing something so fucking retarded as to give Wallstreet 700 Billion of tax payer money for them to line there pockets with.

Uhmm..... not quite the genius when it comes to economics yourself there, brainiac.

Welp in other news...the stock market lost 1.2 trillion today....

What makes you believe it is fair for the American tax payer to pay off already filthy rich bankers? This Bail Out Plan does nothing for anyone cept provide money to a few already wealthy people. Its like saying oh man you lost your ass while gambling sao hey I know lets just give you more money to throw away.

However yes the market would correct itself, when Banks go Bankrupt other banks move in. Thats how Capitalist economics work. THere is money to be made in loans and other's that would be willing to buy mortgage loans that these FInanical GIants are desperatly holding onto hoping the government will help them.

http://www.alternet.org/workplace/10...tdown_averted/

" But that world view is no longer applicable after reaching Peak Credit, where consumers are no longer able to make the interest payments on their loans and businesses and financial institutions are forced to curb their spending and dump their toxic assets at firesale prices. The system is deleveraging and nothing can stop it. Paulson has yet to accept the new reality.

Besides, there was no guarantee that the banks would use the money in the way that Paulson imagines. As one Wall Street veteran explained to me, "I don't see one penny of that $700 billion ending up helping the broader economy. I see it being used to prop up share prices so the insiders can salvage as much as possible when dumping their shares".

Indeed, the $700 billion is just part of a massive "pump and dump" scheme engineered with the tacit approval of the US Treasury and the Federal Reserve. Once the banksters have offloaded their fraudulent securities and crappy paper on Uncle Sam, they will do whatever they need to do pad the bottom line and drive their stocks up. That means they will shovel capital into hard assets, foreign currencies, gold, interest rate swaps, carry trade swindles, and Swiss bank accounts. The notion that they will recapitalize so they can provide loans to US consumers and businesses in a slumping economy is a pipedream. "

I am against a bail out. I think we should weather the storm.

But then again, I'm a tranny and 3rd world whore pornographer, not an economist.

In Bankruptcy those loans will fall into the market one way or another and most likely at bargain basement prices, the corrections would sit in renegotiating with the home owners new rates that would make the loan viable investment to the finanical industry.

SO like I said the current big wig rich fucks done fucked up and they know it, yet refuse to release these loans to other banking organizations at such discounted rates while being unwilling to renegotiate the loans with the property owners. People that bought homes would win as the loan and terms can be adjusted to make the Loan itself more lucrative to Bankers looking for steadfast and corrected loan investments. Only problem with that is simple. The rich guys in the finanical industry do not want to take such a loss and so call on Bush for help.

The Bail Out Plan is a pure sham and nothing more than an effort to keep the current wealth holders in place. Again Bankruptcies in the FInancial sector is necessary and would usher in more forth right and smart bankers as the void would be filled in by them naturally. This is basic Economics people.

AlienQ invented bail-outs

I never said I did think that the American tax payer should pay off the filthy rich bankers. I also never said that I approved of the bail out (as it is now).
However, the economy will not simply correct itself at the expense of the wealthy.

Fuck it must be great to be an expert on everything in existence.

Think about it. Some folks that bought homes beyond there financial capacity could be renegotiated with rather than face foreclosure for a new set of terms on the loans. Sure at a ridiculous low rate and minimum mortgage payments which is why the Loan companies would lose there ass which leads to why the rich fucks on Wallstreet are crying right now. They would not see thier money for almost 100 years.

Yes it would. It's called redistribution of wealth. It is what happens when rich people fuck up getting to greedy and newer and able people move in to fill the void where the has beens fucked themselves. Which is kinda funny thats how porn works so all of you should know this shit already.

I'm w/ the Alien. Its kinda like guys who start and promote via legitimate porn sites and guys who promote via spammer scammer websites.

My thing tonite: spammers/scammers:321GFY

For once I 100% agree with you.

But that is what you invented hypnosis for.

im with ya on most of your points. Fuck em. let their cookie crumble.

BLAH BLAH BALH.... no one is an expert here, including myself and i make my living trading forex...

the reality is, that no one knows what will fix what is going on right now... we are a global economy now and what we are witnessing is something like the butterfly affect...

things could get really bad... total collapse, famine, war, death....

or, things may right themselves over time...

my father says that human beings never make change until they feel a lot of pain...

it amazes me that 100's of thousands of people aren't marching on the capital right now..

but, i am not marching... and although i feel like marching, my pain hasnt reached a point to where i feel like standing up for myself...

i saw a man, woman, and child hitchiking tonight... they were clean and didnt look like bums or drug addicts.. they had a couple carry on luggage bags... i wanted to stop and give them some money, but i didnt have any cash on me..

i could have gone to the atm and come back to see if i could find them, but i didnt..

i had the chance to make a difference and out of laziness or whatever, i didnt..

i have a feeling that i will see a lot more of this in the future and next time i will do what i should have tonight...

Most people don't have any real knowledge of basic economics and finance let alone the advanced concepts. It's easy to read the newspaper or hear a news clip online and think you know wtf is going on but you don't. You can claim that it's the fault of the high paid ceo's, or that the government has no idea about what is going on but there are many forces at work here and unless you have first hand information and an education to understand it you should stop making posts about things you don't understand.

Awww come on! What would be the fun in that? :upsidedow

Forex is for suckers.
:1orglaugh IF thats the case...
Maybe ya should leave this thread, take some Economics 101 courses and get an idea of what Capitalism is all about. I did Economics in College and this bail out plan is against every standard of Market stimulation imaginable.

Not to mention the take over of Fanie and Freddie are against The Constitution of the United States. SO all our politicans are currently commiting treason at the highest levels but ya wont see that in the news!

AlienQ, you hit this one on the head.......i agree completely. this bailout plan is to bailout the "broclub" and the greedy financial institutions. i'd be interested to see what politicians and government officials own the largest amount of stock for those financial institutions that the government didn't let go bankrupt compared to the ones the government didn't do shit about.

you never stop to amuse me with your stupidity

"Wall Street Got Drunk" ...



Some rancher said they should suffer the hangover :1orglaugh
we don't even have $700 Billion, they're pulling it out of their(our) ass

why do you think i dont give a fuck about the bailout....

i cleaned up today...

however, i hate govt and hate this situation this country is in... financially, i will be able to ride out anything the govt can throw at me, but i feel for those that cant...

my point was, YOU, the govt, or anyone here cant predict what is going to happen and what the long term effects will be...

are people profiting from this? of course they are... i am profiting from this...

so what... its too late to point fingers...

I will tell ya whats gonna happen.

Those Financial banks are going to Bankrupt and when they do Market correction will be under way as the loans will be adjusted and resold again to smart banking people not interested in taking high risks.

There will be no tax payer money to fix the situation. Every Congress member, and Senate member have a voting public to answer to and the voting public is saying no already.
THe Economy can correct itself with new banking rules which obviously at this time everyone is interested in.

there is no doubt the market will correct itself, it always does.

the 700 billion dollar question is how and for how long will it correct itself. Are you willing to bet it won't take 5 years of 25% unemployment and other disastrous effects ?

I'm no big fan of the bailout, but I think what they are trying to do is make it easier on the average Joe or it will hit like a truck

LOL:thumbsup

well the fact that the banks wanted the money as a "give away" and not a loan is absolutely fuckin bullshit.

:2 cents::2 cents::2 cents:

Exactly.

This is what they have been doing every since the Fed dropped interest rate, pumped more money into the market. The banks are not doing more loans, or anything expected. They are just hoarding the money. It's been going on all of 2008, and you can expect more of the same.
:disgust

Again dude the bail out makes it harder on the average Joe.
The Average Joe will in eventuality without government intervention have an opportunity to make his mortgage payment on more reasonable terms with better Financial companies willing and able to work it's way into the market palce.

that's assuming your average Joe still has a job to even pay 500$ a month for the new rate.

I own a small business and already notice that some customers have trouble coming up with money to pay their monthly bills. If this problem grows I will have to fire people.

That's how this could get really really ugly

maybe they shouldn't buy so much bullshit so they could afford their bills ?:1orglaugh It's a mile past ugly if you haven't noticed

The economy will only get worse until they solve the root of the problem. Income needs to be higher than expenses and the gov't shouldn't spend money it doesn't have. Bonds are the most retarded idea I have ever heard of. If you can't afford it, then why pay twice as much for it in the future?

On a side note though, standard of living is higher now than it has even been. There is more opportunity and wealth possible even now. People tend to loose sight of that I think.

amen my brother

Watch this its spot on:)

ANother.

beetlejuice beetlejuice beetlejuice

you know where the $ for credit comes from right? investors, foreign & domestic

if we don't pass the bail out do you realize how many businesses that depend on credit won't be able to make payroll or continue to do business, how many people will lose their jobs, how many people won't get paid, how many people won't be able to pay their bills because of this and the cascading effect it will have?

from your perspective this works - the work you do is talent based... you don't need supplies, materials, goods, etc..

but what about the hosting company your servers are hosted at? (hypothetical, i know there are plenty out there that won't be effected.. but can you afford the downtime?)

credit is extremely important - not bailing out will have a huge effect on all credit lines out there, not just irresponsible credit

i'm not saying people shouldn't be penalized for making bad decisions and getting in over their head as far as credit is concerned... but even the average & even highly responsible credit consumer is gonna feel this & not in a good way

the market will end up evening out, home prices will level out & things will return to normal eventually but so many GOOD people are going to get screwed by this too

main st & wall st work hand in hand, people don't see this now & it seems to make sense not to bail out the 'fat cats' - but wait until their payroll check bounces, isn't even cut or they get laid off... THEN a lot of people will be saying "HEY! WHAT THE FUCK? FIX THIS SOMEBODY!"

Bailout = robbing Peter to pay Paul.

The U.S. is already $75 trillion in debt.

And they want to use taxpayer money to pay off Bush's rich banker cronies.

Well...Americans DID elect him for a second term.

What did you expect from a President that manufactured 9/11 and rode it like a surfboard on Fear River.

Even economists suck at economics. There are various economic schools of thought to explain how things work that economists don't agree on.

I agree with no bail out. Start selling off thier holdings, and go from there.

They weren't classified as high-risk securities. I thought the major problem here was that these assets were rated in AAA bundles.

The bailout is purely theory and it's an unethical use of tax money. And as serious as the issue is, there is an immense amount of dog wagging going on.

Everytime I read another story on this failed bailout - I can't help thinking of the Alan Fishman, CEO for Washington Mutual.

"Alan Fishman, 62, who replaces ousted chief executive Kerry Killinger, will receive an annual base salary of $1 million, a sign-on bonus of $7.5 million and an annual bonus of 365 percent of his base salary, or of $3.65 million. WaMu declined to comment on the pay package.

If he stays for the full year, he’ll receive a long-term incentive award of no less than $8 million, according to the Security and Exchange Commission filing.

Fishman also will receive options to purchase 5 million shares of the company and 612,500 restricted shares, which will vest at an annual rate of 33.3 percent over three years if he’s still employed. The options will have a term of seven years and will vest based on his service and company performance, although a quarter of those shares, or 1.25 million, will vest after one year regardless of performance.

If Fishman is fired or resigns as a result of “constructive termination,” he’ll receive a golden parachute within 10 days, worth 2.5 times his current base salary and his annual bonus of the preceding year.

A lot of stupid stupid posts in here. Some of you need to educate yourself. Try turning on MSNBC and just listen. Try to educated yourself before posting and wasting your time with such blasphemy.

Every economist I've heard or read, no matter which side they're on as far as the bailout is concerned, even if they were involved in putting it together, says "we honestly have no idea whether this will work."

But half of GFY knows exactly what it would do. What a shock :1orglaugh :1orglaugh

I would like to think that most business men would be good at economics

We all slept at Holiday Inns last night!

i agree with no bailout also.. let the market ride it out, there will be balance. and those who made bad decisions will be hurt financially but they should have known better..let those with capital take over the bits and pieces still worth something (plenty of value in the market still)

it is kinda like riding a bike with no training wheels but we have done it before.

R u from UK?

So I am gonan quote myself and...
Well today the Dow Jones had a recovery and one of the largest gains in it's history.
So the rich puds put back in what I said they would and more. However the Credit problem lingers and with some new rules the economy can recover and will recover easily without tax payer money.

The Dow Jones industrial average (INDU) added 485 points, according to early tallies, recovering some of the record 777 points lost the day before. If the gains hold, it would be the third-biggest one-day point advance for the indicator in its history.

The Standard & Poor's 500 (SPX) index rose 5% and the Nasdaq composite (COMP) gained about 5.3%.


http://money.cnn.com/2008/09/30/mark...ex.htm?cnn=yes