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Mehtas Inner circle England, UK 1649 Posts |
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......or self distruction. |
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gaddy Inner circle Agent of Chaos 3526 Posts |
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On 2008-09-24 06:23, Mehtas wrote: Which is, in a purely economic sense, merely an extreme form of debt reduction itself...
*due to the editorial policies here, words on this site attributed to me cannot necessarily be held to be my own.*
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irossall Special user Snohomish, Washington 529 Posts |
I don't understand why all of you seem so worried. China will get us out of this mess. How much yen do I owe?
Iven
Give the gift of Life, Be an Organ Donor.
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hoodrat Veteran user Southern California 388 Posts |
Nah, Sarah Palin will get us out of this mess (if McCain dies in office). My money's on her!
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balducci Loyal user Canada 227 Posts |
Who says money is tight? More spending:
$150 Billion Bailout for the FDIC as Local Bank Failures Mount http://www.bloomberg.com/apps/news?pid=2......IbcjZISU $25 Billion Bailout for Carmakers http://www.ft.com/cms/s/0/83bfe68c-8a8f-......18c.html $100 Billion Tax Break Package http://www.cbsnews.com/stories/2008/09/2......92.shtml
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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Doug Higley 1942 - 2022 7152 Posts |
Print it. Print more. Inn fact print double thetre might be another storm...Scam upon Scam. Elected Criminals top to bottom right to left.
lock and load.
Higley's Giant Flea Pocket Zibit
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Jonathan Townsend Eternal Order Ossining, NY 27297 Posts |
And in NYC today the UN is busy and ... wonder who's gonna get voted off "dancing with the stars".
Here's hoping SNL is funny this weekend. :(
...to all the coins I've dropped here
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tommy Eternal Order Devil's Island 16544 Posts |
Someone stuck Wall Street with $700 BILLION of worthless paper. Which means, someone, somewhere, has $700 BILLION under their mattress. I don’t how they are going to get on it and sleep at night.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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Mehtas Inner circle England, UK 1649 Posts |
Loved what Jay Leno said today.
Failed congress, Failed goverment taking taxpayers 700 billion dollars to save Failed Business. It can't fail |
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Brian Turntime Special user 671 Posts |
Quote: I thought they were going to have first lien on the collateral under the loan, and thus it wasn't worthless?On 2008-09-25 18:03, tommy wrote:
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Last night I stayed up late playing poker with Tarot cards. I got a full house and four people died. - Steven Wright |
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sibbie Special user East Coast 525 Posts |
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On 2008-09-25 21:16, Brian Turntime wrote: My understanding is that the government will hold onto the debts for the money to be repaid. BUT, it is not guaranteed to be paid back. If they want to send me enough money to pay off my debt I can guarantee that I will put that much money and more back into the economy because if I have my debts paid off I have more money to spend and grow my business. |
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Kevlar the Magnificent New user LI New York 10 Posts |
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On 2008-09-23 01:32, Daegs wrote: People (due to the media) are only thinking of the few thousand per person the bailout will cost. That's chump change compared to what you lost just yesterday in the value of any retirement accounts, 401k's, etc... yesterday. The market lost over $1 Trillion in value. Unless the bailout goes through, this will keep doing more and more damage. I work on Wall St. and watch this melt down every day. It really sucks, but this effects every American's lives, not just a bunch of fat cats. |
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Daegs Inner circle USA 4291 Posts |
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On 2008-09-30 23:49, Kevlar the Magnificent wrote: And I say GOOD. The market needs to fix itself. Money is a finite thing as is worth. We might like to believe we have more money than we do, or that our stuff(stocks, houses, etc) is worth more than it really is, but just wishing for it doesn't make it so. You can only fool yourself for so long. Let the markets crash, let housing prices plummet, let the market show its true worth. If there is a need for a service, then there will be a profit in providing it, and someone will step in to provide that service. That's capitalism. It might hurt us, hurt us more than perverting the market with a bailout might. But after the dust settles it will be more efficient and more sustainable.(which the current owner society, credit guzzling market is obviously not) |
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