Not a fair bailout for all?

[Flipx99 5,000+ posts]

That is true, but I think the scale of which is not exactly the same. At that point in history, there wasnt such a structured global economic community as we have today.
And if we did totally collapse, then maybe the Independant party would rise! //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

You are right, a fall today would be much worse.

 

[snoopdan 5,000+ posts]

I suppose what should anger you all is that this is your money thats evaporating.

 

[snoopdan 5,000+ posts]

Ahh, finally found this on MSNBC in the Business section, at the end of the list. IMO it should of been a godamn headline //content.invisioncic.com/y282845/emoticons/mad.gif.c18f003ab0ef8a0d9c27ca78d77a6392.gif

http://www.msnbc.msn.com/id/28344965/

 

[Chevillac 5,000+ posts]

hmmmm

 

[Flipx99 5,000+ posts]

I suppose what should anger you all is that this is your money thats evaporating.

Once I give my monies to the IRS, I consider it gone.

 

[Flipx99 5,000+ posts]

Another thing to consider is this.

1) It appears (especially the Senate) there is a feeling of anger with Detroit, and wanting to punish them for some reason.

2) I think the backlash of TARP fueled this scrutiny of the Big 2 bailout. I think Congress didn't forsee the people actually voicing an opinion against this thing.

 

[snoopdan 5,000+ posts]

Once I give my monies to the IRS, I consider it gone.

Thats extremely careless. You should hold your goverment accountable for your taxation.

At least, to some degree.

 

[snoopdan 5,000+ posts]

Another thing to consider is this.
1) It appears (especially the Senate) there is a feeling of anger with Detroit, and wanting to punish them for some reason.

2) I think the backlash of TARP fueled this scrutiny of the Big 2 bailout. I think Congress didn't forsee the people actually voicing an opinion against this thing.

1. You could probably attribute this to the particular distaste in issuing the first bailout in the 80's

2. Yet the masses arent voicing the same concern to the financial sector? Perhaps its some baseline understanding (or not being able to understand) the two.

 

[Rashaddd 5,000+ posts]

Thats extremely careless. You should hold your goverment accountable for your taxation.
At least, to some degree.

No one in this country holds our government accountable for anything anymore

 

[Flipx99 5,000+ posts]

Thats extremely careless. You should hold your goverment accountable for your taxation.
At least, to some degree.

I am more concerned with laws impacting my mobility and freedom than how they spend the money. It's a cost of doing business. I am more concerned with how much they take than what they do with it.

1. You could probably attribute this to the particular distaste in issuing the first bailout in the 80's
2. Yet the masses arent voicing the same concern to the financial sector? Perhaps its some baseline understanding (or not being able to understand) the two.

I think initially there wasn't an outcry because they didn't understand. Now, there is, somewhat. People are thinking, "Now wait a damn minute...wtf is going on". People are pushing their reps for answers...I think it's too little too late.

 

[dave_damage 10+ year member]

Its total bull whats going on. Lowering the the mortgage rate to 5.0% so people can refinance is little conciliation. Sure it would save me $1,200 a year. But thats besides the point.

 

[snoopdan 5,000+ posts]

I think at some time in the comming year, goverment will be pressed to hold the financial sector to some sort of criminal litigation against executives at the very least.

or...at least I can hope.

 

[Flipx99 5,000+ posts]

I think at some time in the comming year, goverment will be pressed to hold the financial sector to some sort of criminal litigation against executives at the very least.
or...at least I can hope.

They didn't commit any crimes from what I understood. They gambled away the investors money. That is not a crime. If there is fraud, they definitely should be held accountable. However, poor speculation isn't a crime.

 

[Flipx99 5,000+ posts]

If anything, the pension funds can sue for torts, perhaps.

 

[snoopdan 5,000+ posts]

They didn't commit any crimes from what I understood. They gambled away the investors money. That is not a crime. If there is fraud, they definitely should be held accountable. However, poor speculation isn't a crime.

Not true.. Since they accepted money from the goverment and now its business as usual and gambling it away - that is fraud.