Onlooker
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Thu Sep-25-08 06:47 AM
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Is anyone asking what safeguards will be in place to prevent another financial disaster? |
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Edited on Thu Sep-25-08 06:49 AM by Onlooker
Wall Street is there to make money. The bailout programs provides the opportunity for lenders to have money to lend. As far as I understand, it does not change their lending practices or provide some sort of guarantee that the recipients of the loans will be able to pay them back. So, what will Wall Street do with the bailout? They will make bad loans and watch their stock values go up. Wealthy shareholders will sell that stock and diversify in safe and secure assets (such as real estate or gold). Then our economy will collapse again, but we'll be under such a mountain of debt we won't be able to do another bailout. The bailout is a disaster unless a broad set of regulations are in place to prevent Wall Street from abusing its economic power.
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ixion
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Thu Sep-25-08 06:49 AM
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1. Nah, I think they're too busy planning the celebration party |
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for their successful looting of the rubes' treasury.
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HereSince1628
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Thu Sep-25-08 07:12 AM
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2. Channeling Jack Nicholson as McCain in -- A Few Good Regulators |
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Edited on Thu Sep-25-08 07:13 AM by HereSince1628
You sniveling surrender monkeys don't want regulation. You can't HANDLE regulation!
You hear a little bump on Wall Street and you can't sleep at night.
You have the nerve to question MY?! defense of YOUR Sacred 401ks????
You don't understand what it is to man the walls of capitalism and look into the eyes of the theiving commie leftists across the isle.
You've never been a P.O.W. to Lincoln Savings and Loan!!!!!!!!!!!!!
I wake up and drink my morning coffee within a thousand feet of the enemies of capitalism every morning!
You think I'd support a BAIL OUT???? Yer DAMNED STRAIGHT I SUPPORT A BAILOUT!
Cindy has a numbered Swiss bank account ready to recieve it!
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sinkingfeeling
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Thu Sep-25-08 09:09 AM
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3. Why the religious RW and Bush, Palin, and all other 'true believers' will ask God to prevent |
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Fri Apr 26th 2024, 09:42 PM
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