Isn't anybody PISSED?
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Isn't anybody PISSED?
| Sat, 09-27-2008 - 6:42am |
This bail-out (which at this point, they tell us, is too necessary to be negotiable - which I don't believe based on the research I've done)...
This is OUR tax money people!!! Nobody cares.
Listen, I went through my phase as an idealist when I was younger; I'm over that. I'm not stupid nor uninformed. This bail-out, however, is complete horse poop, and anyone who understands it fully will agree ( I think). The Fed.....
I say, let it all crash and burn. I'd rather dig my way out on my own.

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More good stuff:
http://www.cnn.com/2008/US/09/30/dobbs.qa/index.html#cnnSTCVideo
http://www.cnn.com/2008/US/09/30/dobbs.qa/index.html
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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php
http://www.youtube.com/watch?v=DQTBYQlQ7yM
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I agree.
>>The ones responsible are the 3 million people who didn't pay their mortgage on time. <<
I don't know you as a poster, so I can't be sure if you comment wasn't tongue in cheek, BUT
It seems to me that the people who didn't pay their mortgages didn't because they ran out of options. IMO, the increase cost of groceries, the increase in gas prices, the risk of lay-off probably had a lot more to do with why so many people didn't come up with the money...
If they were lended the money and the monthly payment was tight up against income, lenders the risk on two factors 1) house values increasing with time and 2) annual salary raises. Unfortunately, people can't rely on raises (not even 3%) and value of houses is currently falling, not increasing.
The deck was stacked against them and it seems to me that the "There but for the grace of god go I" quote is appropriate, not the "personal responsibility" stuff.
There is a significant problem here.
Sopal
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Wish our lawmakers had as much sense as this guy:
http://www.daveramsey.com/media/pdf/the_common_sense_fix.pdf
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So you don't think Barney Frank had anything to do with the mess??
http://www.youtube.com/watch?v=63siCHvuGFg
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How did we get to that point? Why should businesses being borrowing money to fund their day-to-day operations? And why are households drowning in debt? We need to let this economy suffer whatever happens with NO government help at all to knock some sense into all of us!
We all need to learn to live within our means, including the financial institutions. If we keep making excuses ("there's a liquidity crisis because FASB says we have to value assets at their actual worth") to continue borrowing our problems will only get worse.
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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php
http://www.youtube.com/watch?v=DQTBYQlQ7yM
Sopal
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Just to add.
Sopal
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