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-   -   Bail out Failed the House (http://www.peachparts.com/shopforum/showthread.php?t=234089)

Mr.Kenny 09-29-2008 03:12 PM
In my book,Voting down socialism is a good thing. But I think this thing will come out repackaged until it is voted on and passed; hopefully in the meantime the overpriced securities will have been deflated and the dollar actually becomes worth something again.
It's about time these unscrupulous lenders are finally seeing a day of reckoning suckering people into taking out loans they can never repay; and its a good thing for people to actually have to save up for what they want to buy; this will stop the credit spending insanity that has been ingrained into a large part of the American public as an birth-right entitlement.
Everything I read says cash will be king ,queen, princess and and duke.:D

But I dont know nuthin.:dunce2:

raymr 09-29-2008 03:16 PM
This only furthers my belief that life essentials - food, shelter, and clothing - should not be prey to wild-ass speculation. The housing bubble should never have happened.

EricSilver 09-29-2008 03:17 PM
Quote:
Originally Posted by crash9 (Post 1978441)
Nobody can come out and explain what this means because if they did it would cause a panic – it may anyway.
What it means is that your credit cards will be cancelled soon. If you work for a business that uses a line of credit they may not make payroll next Friday. Car dealers are folding because they can not floor plan their inventory. Foreign investors may sell the bonds they hold and drive up interest rates. Farmers are unable to finance the seed and fertilizer they need for the winter wheat crop.
If foreigners don’t support the bond market two months from now the government will be forced to cut payrolls and suspend Medicare and social security payments. They’ll print the money to avoid that and people will convert it into anything of real value driving prices up very fast. Once this gets rolling it will be very hard to stop.
Obviously they can’t say stuff like this

Amazing how this has been ignored in the media.

JenTay 09-29-2008 03:29 PM
Quote:
Originally Posted by DieselAddict (Post 1978453)
Deutsche Demokratische Republik (East Germany).
wiping your a$$ with toilet paper that can double as sandpaper.

buying gasoline in an alley instead of a gas station.

not trusting your neighbor because he has a nicer car


hmmm... with all the flaws of this government....I'll take it.

DieselAddict 09-29-2008 03:30 PM
Quote:
Originally Posted by EricSilver (Post 1978472)
Amazing how this has been ignored in the media.
It has not been ignored. Read the media more.

DieselAddict 09-29-2008 03:31 PM
Quote:
Originally Posted by JenTay (Post 1978489)
wiping your a$$ with toilet paper that can double as sandpaper.

buying gasoline in an alley instead of a gas station.

not trusting your neighbor because he has a nicer car


hmmm... with all the flaws of this government....I'll take it.
I know some of that myself, except the part about buying gas in an alley. I spent some time growing up in the CSSR.

John Doe 09-29-2008 03:32 PM
Bail out failed the House. Good.

There will be problems resulting from the whole situation--not just today--but maybe they will lead to a change in the way the system works. Rewarding the system that caused the problems didn't seem the way to go to me.

EricSilver 09-29-2008 03:35 PM
Quote:
Originally Posted by DieselAddict (Post 1978490)
It has not been ignored. Read the media more.
I try not to... :)


Seriously, it has not been hammered in as much as it should, nor in such stark language. It is presented essentially a "Wall Street" problem.

Mistress 09-29-2008 03:36 PM
Quote:
Originally Posted by John Doe (Post 1978495)
Bail out failed the House. Good.

There will be problems resulting from the whole situation--not just today--but maybe they will lead to a change in the way the system works. Rewarding the system that caused the problems didn't seem the way to go to me.
Bailing someone's butt out everytime it gets in trouble only leads to reckless business practices.

raymr 09-29-2008 03:38 PM
It's probably the splash of cold water that our credit-hungry society needs. Needless to say, the overseas manufacturing economies will really get dented as Americans do some major belt-tightening. Where will China send all those poisoned chocolates now?

LaRondo 09-29-2008 03:39 PM
"Reckless", my dear ...

EricSilver 09-29-2008 03:39 PM
You have to admit, these are exciting times to be alive. How often do you get to witness the death of an empire?

Mistress 09-29-2008 03:41 PM
Quote:
Originally Posted by LaRondo (Post 1978507)
"Reckless", my dear ...
Thanks Rhondo, the spell check is on the fritz again....but you will notice I put the (sp) after it....so credit where it is due my dear.

John Doe 09-29-2008 03:41 PM
Quote:
Originally Posted by EricSilver (Post 1978509)
You have to admit, these are exciting times to be alive. How often do you get to witness the death of an empire?
:rolleyes:

EricSilver 09-29-2008 03:42 PM
Quote:
Originally Posted by raymr (Post 1978506)
It's probably the splash of cold water that our credit-hungry society needs. Needless to say, the overseas manufacturing economies will really get dented as Americans do some major belt-tightening. Where will China send all those poisoned chocolates now?
Those poor, little, SUV-driving, McMansion owning folks; what will become of them?


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