financial "bailout plan" - will it lead to martial law?

[NoSaidDate420]

i wanna know what heads up in here think about this shady deal. i got a gut feeling bad things are to come in this country.
it seems clear as day to me this situation is being used to threaten the american people into giving up even more of their rights. economic terrorism.
thoughts?

[LORD NOSE]

Originally Posted by NoSaidDate420

i wanna know what heads up in here think about this shady deal. i got a gut feeling bad things are to come in this country.
it seems clear as day to me this situation is being used to threaten the american people into giving up even more of their rights. economic terrorism.
thoughts?

the president is not going to give up his seat

yes martial law is right around the corner

and i mean right around the corner

[diggy]

Stealing American citizen's money to save banks - is that not authoritarianism or dictatorship?

[whitey]

well predicted.

[Visionz]

that bill didn't pass but the whole thing stinks. The thing that makes no sense is the amount of the proposed bail-out package. 700 Billion????? What's that break down to when you divide it by the 250 million inside the US on a per capita basis? There's no way that they lended out more than a couple BILLION per PERSON in the entire US that they can't recover now. there's no way the math behind it can make any sense

[Longbongcilvaringz]

Its fucking stealing diggy.

America needs to acknowledge that it needs to have some degree of socialism.

Great prediction btw sunny.

[pb]

[Longbongcilvaringz]

And Bad Debts total over $2 Trillion.

So $700 Billion is big, but not as huge as people might think.

Well it is huge, but you know what i mean.

[Visionz]

2 Trillion??!!?? but how? seriously, on a per capita basis I just don't see how you can amass two trillion in debt solely on bad mortage loans

[TSA]

THAT many mortages loans i guess.

at one point they were cranking out houses like a canned bean factory cause the figured out if they make the same house 500 times in a new suburb ppl are down to buy it.

that were the problem came, way too many houses while ppl were loosing jobs.
when a company creates a supply it will almost always try to create an equal or greater demand and therefore nobody was overlooking the history of these ppl taking the loans. The demand for all these mass produced homes was high but the money wasn't there, and almost everyone with stable finance had already had a home so it left a bunch of ppl that couldn't and shouldn't have a loan wanted them cause they were the last frontier


when asked for the skrilla everything got familiar causing the problem, on top of that the banks were using the credit of this bad unreviewed loans as money

now theres entire unpopulated suburbs and shit, ghost towns that never had anyone living in them.

we'll recover cause shit happens, it's capitalism, but we going to need a lot of government spending, probably a lot of deficit spending that's gonna make our debt worst

[Visionz]

still though

2,000,000,000,000
_______________
250,000,000 = no fucking way, you'd have to have everyone in america bailing out on mortages for 18 bedroom mansions fit with their own bowling alley and imax movie theatres


home ownership in this country isn't at a 100% and not everyone is defaulting on their mortage, in short something stinks

[Longbongcilvaringz]

um, These bad debts and worthless bonds are not soley personal loans.

As far as i know.

The problem is deeper than that.

[Longbongcilvaringz]

Heres my opinion on the Sub Prime crisis though.

- People essentially should be responsible for their own financial situation, they should take full responsibility for investment decisions they choose to make. They should plan for many circumstances and outcomes resulting from this investment.

- Now, that being said, the problem here is that it's incredibly difficult to do the above when a professional is telling you that said investment is viable.

- Additionally, in my opinion, banks finding themselves in financial trouble and the effects which this had on people with home loans is probably unforeseeable in the calculation of the viability of a loan.

- In this regard, yes, people borrowing money are somewhat at fault, and ultimately, they agreed to terms which may (and did) force them to make payments which they could not afford to. However, it was the risky and poor decisions of banks which caused the problems which effected individuals with mortgages.


In conclusion, from my uneducated perspective, these events were pretty well unpredictable, and the result of financial mismanagement on the part of banks, and thusly, the suffering that people with personal loans have endured, is pretty rough.

[pb]

[diggy]

Originally Posted by Visions Unseen

2 Trillion??!!?? but how? seriously, on a per capita basis I just don't see how you can amass two trillion in debt solely on bad mortage loans

I think some or most of that debt is from the wars bush has started. I heard that money from the Iraq war was borrowed from China.

[TSA]

borrowing money is how we make money since WWII

i think the problem is the size of companies, they need to find a way to make more mid sized businesses the norm, a middle class of businesses so that the actions of a few will be less able to destroy the financial world

[HANZO]

if the government give the banks $700billion they jus gonna lose it again, and we will be back at square 1.

they first need to investigate why the banks are failing, and hold the board members of these companies responsible. the CEO of Lehmann Bros was 'earning' £22million a year. he obviously wasnt doing shit, the company went down the drain.

now in europe Belgiums largest bank has been nationalised, another major bank Fortis has been partly nationalised by 3 governments. a bank in england has been nationalised. a major French bank is going down the same road.

If the second bill on thursday is rejected the stocks will probably lose $2trillion.