Government bailouts of Companys

[Trey803 5,000+ posts]

yea I dont know shit bout shit......but healthcare is lookin like my profession due to job security

 

[bigbangtheory 5,000+ posts]

people don't know it because that same NEWS YOU WERE WATCHING.. IS ALL LIES!! its really disgusting how much lying is going on in the news right now.

Probably right, but was just saying what I saw/heard.

 

[chunky cumz 10+ year member]

ignorant becaue I dont think that our government was established for this sort of reason? to bail people out of there own fuck ups? They're trying to do everything they can to make it so we dont go into a reccesion (as if we arent in one now) but they are just making things worse in the long run.

So what happends if say we bounce back from this reccesion? what do the companys owe the governtment? now iirc doesnt the gov. own like 90% of these companys or at leats AIG?

HAHA, your an idiot and have no clue what you are talking about. The bailing out of these company **** ups is the most ignorant comment ever.

1. these companies do not sell, make, or distribute items that are not demanded by the current economy and people of the world. When things get tough people forget about what they wanted in the beggining.

Example: Fannie and Freddie - Alt-A and Subprime mortgages did not exist until Americans decided they wanted to get into extreme debt and not pay their bills.

What was good about these loans?

Stated income(good for borrower), low to no down payments, low interest rate for early years of mortgages, CASH BACK, 100% financing

What was the risk of having these loans?

Higher interest rates, unorthodox notes, longer terms, balloons, Heloc's ect.

THEN when things get tough and no american has any more credit (they never had cash in the beggining) then everyone starts calling these companies failures because they are in shyt.

WELL GUESS THE **** WHAT, once your punk *** has credit available again you are gonna need a mortgage, who ya gonna go to now that your credit is shitty? ONE OF THESE MOTHER ****ERS!

On top of that, you dont understand the mass amount people and monety invovled. Do you know that freddie and fannie have trillions of dollars worth of mortgages they own. i believe it comes out to 1/3 of the entire countries mortgages.

AIG is another example, do your ****en research. You dont have a clue.

 

[cobra65427289 10+ year member]

those of you who hope to get rich off of this better make a pretty decent amount of bills. Considering that they had to print only 80 billion more just for the bailout. That makes sense. Soon enough the peso will be worth more than the dollar.

 

[chunky cumz 10+ year member]

also if you didnt know most of these large companies heads are chairmen of the democratic or repulican parties. Guess where the goverment gets a ton of money from each year? These companies and the hundreds of thousands of people they employ.

 

[chunky cumz 10+ year member]

those of you who hope to get rich off of this better make a pretty decent amount of bills. Considering that they had to print only 80 billion more just for the bailout. That makes sense. Soon enough the peso will be worth more than the dollar.

that was last week, the poso 3 years ago equaled about .10. Last week to peso equals $1000. I hope you kept that money from your vacation in Cancun.

 

[Trey803 5,000+ posts]

I have a question for you guys who know abt the economy. Who started credit and was it a good thing ever or has it always been a horrible idea?

I realize credit can be used to someone's advantage but most people FAIL at credit. Was the only point the start offering credit to make money off people who dont have money? Because that doesnt make much sense.

 

[mannyb18b]

HAHA, your an idiot and have no clue what you are talking about. The bailing out of these company **** ups is the most ignorant comment ever. 1. these companies do not sell, make, or distribute items that are not demanded by the current economy and people of the world. When things get tough people forget about what they wanted in the beggining.

Example: Fannie and Freddie - Alt-A and Subprime mortgages did not exist until Americans decided they wanted to get into extreme debt and not pay their bills.

What was good about these loans?

Stated income(good for borrower), low to no down payments, low interest rate for early years of mortgages, CASH BACK, 100% financing

What was the risk of having these loans?

Higher interest rates, unorthodox notes, longer terms, balloons, Heloc's ect.

THEN when things get tough and no american has any more credit (they never had cash in the beggining) then everyone starts calling these companies failures because they are in shyt.

WELL GUESS THE **** WHAT, once your punk *** has credit available again you are gonna need a mortgage, who ya gonna go to now that your credit is shitty? ONE OF THESE MOTHER ****ERS!

On top of that, you dont understand the mass amount people and monety invovled. Do you know that freddie and fannie have trillions of dollars worth of mortgages they own. i believe it comes out to 1/3 of the entire countries mortgages.

AIG is another example, do your ****en research. You dont have a clue.

yes everyone knows that throwing people into balloons, or any type of ARM, is what caused the crash.

it's also why if you were a L/O in 2003+, you probably made the fastest 500,000 - million dollars ever.

 

[IDSkoT 5,000+ posts]

Since the dawn of time people've been saying that we're in a slow decent into hell... but over the years we've been steadily, and sometimes rapidly, rising.

Government-- fck that, society is in a constant flux of rise and fall, and that just how it is. I don't think any time soon we'll crash into 'third-world country' status...

The worst that'll happen is you can't afford your SUV.

 

[chunky cumz 10+ year member]

I have a question for you guys who know abt the economy. Who started credit and was it a good thing ever or has it always been a horrible idea?
I realize credit can be used to someone's advantage but most people FAIL at credit. Was the only point the start offering credit to make money off people who dont have money? Because that doesnt make much sense.

I am sure this type of thing has been around for ages,

One caveman gives another caveman a chicken.

He says "***** better bring 2 chcikens back in a week for interest"

 

[Trey803 5,000+ posts]

If you consider Hell to mean not being rich and living a life of excess.........maybe you should rethink life

 

[chunky cumz 10+ year member]

I have a question for you guys who know abt the economy. Who started credit and was it a good thing ever or has it always been a horrible idea?
I realize credit can be used to someone's advantage but most people FAIL at credit. Was the only point the start offering credit to make money off people who dont have money? Because that doesnt make much sense.

Yes credit has been good.

This is what the world now runs on. Credit and Insurance.

We would not be a sophisticated world today if it wasnt for credit.

 

[chunky cumz 10+ year member]

Since the dawn of time people've been saying that we're in a slow decent into hell... but over the years we've been steadily, and sometimes rapidly, rising.Government-- fck that, society is in a constant flux of rise and fall, and that just how it is. I don't think any time soon we'll crash into 'third-world country' status...

The worst that'll happen is you can't afford your SUV.

lol agree,

The american dream = being in deep ****ing debt

 

[Trey803 5,000+ posts]

Since the dawn of time people've been saying that we're in a slow decent into hell... but over the years we've been steadily, and sometimes rapidly, rising.Government-- fck that, society is in a constant flux of rise and fall, and that just how it is. I don't think any time soon we'll crash into 'third-world country' status...

The worst that'll happen is you can't afford your SUV.

you got it a little wrong. The government have been steadily rising and also the super wealthy IE billionaires and multi-millionaires. (not millionaires)

The average people have slowly but surely been falling-----people just dont want to work for their money.

proof of this is the fact that my generation wont see shit in social security which is the ultimate FAIL

 

[mannyb18b]

There are like 7 credit bureau's, they make there money everytime someone pulls credit they get paid.

It's a way of reviewing someones history on paying bills pretty much. It's a trust thing.

Oh you have been loaned 50,000 dollars worth of stuff in the past month? and you returned it all on time? Great well then I have no problem giving you this amount of money because I can see you will most likey give me my money back...plus some.