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Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
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You must have missed the FOX report that even admitted some 700 million in profit -. Everybody who made any profit from the bank bailout,..raise your hand.
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Campfire Kahuna
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Campfire Kahuna
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The bottom line: Taxpayers put $204.4 billion into the banks .
Today, 633 banks still owe the Treasury $134.2 billion.
It pays to read those ridiculous cheerleading reports carefully. =========== Duh...they're still being paid back, with interest. By the way, since you're now enlightened to the fact they were loans that are being paid back, why do you still argue bailout? Kind of disengenuous and non-factual,don't you think?? Accept the challenge above,B. It will be tough, I know, but it will also be rewarding once you get there.
Last edited by isaac; 04/15/10.
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. William Arthur Ward
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Campfire Outfitter
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Campfire Outfitter
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Who cares if it is profitable or not. The government is not supposed to intervene in commercial enterprises.
You guys seem to be suggesting that government works. LOL. Doesn't that go against the whole conservative ideology, let alone the concept of free enterprise absent government control.
Be the person your dog thinks you are.
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Campfire Kahuna
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Campfire Kahuna
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They did and it's been profitable. Deal with what's at hand and being discussed and quit changing the topic because you don't want to admit simple facts yourself.
Woulda shoulda coulda aproaches are boring and don't get anyone anywhere. If you don't believe me,ask RP.
Last edited by isaac; 04/15/10.
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. William Arthur Ward
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Campfire Outfitter
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Campfire Outfitter
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pretty easy sell by the bankers to paint a picture of why the US gov't needed to bail them out
we were in uncharted waters, looking at a domino effect of Lehman taking down a bunch more big banks perhaps including GS due to their risk exposure to AIG.
the country runs on letter of credit.
not much gets imported or exported without letters of credit
big banks provide those, remove the letters of credit and what happens?
perhaps and my guess is this is the scenario GS henchmen used to scare Paulson and others to change their decision to let AIG fail.
no imported oil with no letters of credit, transportation dries up, within a week supermarket shelves go empty, the next week crime runs rampant and blood runs in the street.
folks talk about being poor, but we don't know what poor is, poor is 3-4 hungry kids and no way to feed them.
then all of you weirdos (me included mind you) that stock up on ammo and groceries are gonna end up giving one or the other and perhaps both to the truly poor and desperate.
I'm definitely against tax payer money bailing out some of the richest in society, but there might have been a brand of hell to pay that none of us are familiar with if we hadn't.
hard to say what would have happened if we'd done this or that instead.
but will say well played by GS, they got rid of a major competitor and got oodles of money from us so that they could continue to make oodles of money from us.
"This ain't dress rehearsal....it's the life you get to live, make it a good one."
TEAMWORK = a bunch of people doing what I say
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Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
. I'm definitely against tax payer money bailing out some of the richest in society, but there might have been a brand of hell to pay that none of us are familiar with if we hadn't.
Funny how that works,..eh?
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Campfire Sage
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Campfire Sage
Joined: Jun 2002
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. I'm definitely against tax payer money bailing out some of the richest in society, but there might have been a brand of hell to pay that none of us are familiar with if we hadn't.
Funny how that works,..eh? It's called extortion. It's usually a crime that puts its perpetrators in jail, once caught.
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Campfire Kahuna
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Campfire Kahuna
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I'm definitely against tax payer money bailing out some of the richest in society, but there might have been a brand of hell to pay that none of us are familiar with if we hadn't. =======
Exactly. The return on the loans have been rewarding, as well.
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. William Arthur Ward
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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
I'm definitely against tax payer money bailing out some of the richest in society, but there might have been a brand of hell to pay that none of us are familiar with if we hadn't. =======
Exactly. The return on the loans have been rewarding, as well. Debt is slavery.
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Campfire Kahuna
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Campfire Kahuna
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The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. William Arthur Ward
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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
Oh,...nevermind.
You were referring to the return of the loans to the Federal Reserve,...
Pretty much a numbers shuffling fiasco with no real meaning.
Initially, I thought you referring to the return of the banks ability to loan money.
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Campfire Kahuna
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Campfire Kahuna
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Now I get the disconnect. OK. But, I hope we both can agree that what Bush had done was a far cry different than what Bam-Bam rammed down our throats.
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. William Arthur Ward
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Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
Well,...no,..I can't see the difference,..
But then, I don't practice partisan politics.
Bush endorsed the robbing of Americans through the bank bailout.
Obama endorsed the robbing of America through the bank bailout.
Nobody wanted it,...we got it anyway.
The same situation exists with amnesty.
Nobody wants it but both the republicans and democrats will keep dragging it back until it happens.
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Campfire Outfitter
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Campfire Outfitter
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Duh...they're still being paid back, with interest.
How much did Fanny Mae, Freddy Mac and AIG pay us back and more importantly, how much are we still liable for?
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Campfire 'Bwana
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Campfire 'Bwana
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One can't overlook the fact that the modus operandi for the theft,was put in place by democrats, at the behest of the hedge fund managers, who were also major deomoctat political donors.
Mrs. Palin is wrong for backing the first bailout. Callapse should have been allowed, the Bush administration could have investagate; tried and convicted several democrats who should have swung at the gallows.
Son of a liberal: " What did you do in the War On Terror, Daddy?"
Liberal father: " I fought the Americans, along with all the other liberals."
MOLON LABE
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Campfire Kahuna
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Campfire Kahuna
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Well,...no,..I can't see the difference,.. ========
'Der you have it. But, I'm thinking you can but it just wouldn't work out for you to acknowlede it. I understand!
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. William Arthur Ward
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Campfire Outfitter
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Campfire Outfitter
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Mrs. Palin is wrong for backing the first bailout.
I'm speechless! You just did something Bob could never do. ....hold a Republican accountable.
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Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2005
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Mrs. Palin is wrong for backing the first bailout.
I'm speechless! You just did something Bob could never do. ....hold a Republican accountable. She isn't accountable for the bailout, just for not placing the blame where it belongs.
Son of a liberal: " What did you do in the War On Terror, Daddy?"
Liberal father: " I fought the Americans, along with all the other liberals."
MOLON LABE
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Campfire Sage
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Campfire Sage
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One can't overlook the fact that the modus operandi for the theft,was put in place by democrats, at the behest of the hedge fund managers, who were also major deomoctat political donors.
Mrs. Palin is wrong for backing the first bailout. Callapse should have been allowed, the Bush administration could have investagate; tried and convicted several democrats who should have swung at the gallows. Can't argue with that. Would love to have seen it.
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