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Danzig 09-16-2008 08:50 PM
the govt has been bailing out corporations for years-chrysler immediately comes to my mind.
but it seems pretty obvious that more regulation is necessary-but the financial markets may have done themselves a bigger disservice than they realize. you open the door to the feds, good luck closing it again.
i'm very tired, and may not be making much sense-so i think i'll call it a night.

pgardn 09-16-2008 09:35 PM
Quote:
Originally Posted by dalakhani
Government just approved 85 billion dollar loan (bailout) of AIG.

So let me get this straight. In the space of 6 months, the Us Govt is now in the Investment banking, mortgage and insurance business. Heck, we are even in the process of getting into the automobile business.

So much for free market capitalism. Its interesting that an administration that wanted no regulation is quick to bail corporations out of their unregulated mistakes.

People complain about socialized health care but where are the complaints about socialized corporate care?
We saw what happened with the free market in the depression...
The invention of the Federal Reserve Bank.
Which has now extended its role even further.

GPK 09-16-2008 11:51 PM
Interesting piece in the NYT

http://www.nytimes.com/2008/09/17/bu...hp&oref=slogin

SCUDSBROTHER 09-17-2008 04:18 AM
Anybody find it odd that the Palin lady said "They've been asleep at the switch in Washington." McCain n' Biden been there for 20 to 30 years.

dalakhani 09-17-2008 04:27 PM
And the market takes another pounding today.

Under 10,000 soon?

Coach Pants 09-17-2008 04:30 PM
When the 3rd largest insurer in the world needs an 85 billion dollar government bailout...

dalakhani 09-17-2008 04:32 PM
Quote:
Originally Posted by Coach Pants
When the 3rd largest insurer in the world needs an 85 billion dollar government bailout...
I dont think it is a reach to say that we will look back at august 2007 through ????? as the second depression.

GBBob 09-17-2008 04:34 PM
Quote:
Originally Posted by dalakhani
And the market takes another pounding today.

Under 10,000 soon?
I'd buy....but I have no idea who is safe anymore:zz:

Well...cigs and alcohol always a good bet in tough times

dalakhani 09-17-2008 04:35 PM
Quote:
Originally Posted by GBBob
I'd buy....but I have no idea who is safe anymore:zz:

Well...cigs and alcohol always a good bet in tough times
with the potential for a dem controlled congress and prez? Would you be surprised by an increase in sin tax?

GBBob 09-17-2008 04:36 PM
Quote:
Originally Posted by dalakhani
with the potential for a dem controlled congress and prez? Would you be surprised by an increase in sin tax?
no tax in the World can stop an addiction

dalakhani 09-17-2008 04:36 PM
Quote:
Originally Posted by GBBob
no tax in the World can stop an addiction
Then why not raise takeout by 10%?

GBBob 09-17-2008 04:38 PM
Quote:
Originally Posted by dalakhani
Then why not raise takeout by 10%?
you're moving my post too much from sarcasm to reality....whooah

Coach Pants 09-17-2008 04:39 PM
Quote:
Originally Posted by dalakhani
I dont think it is a reach to say that we will look back at august 2007 through ????? as the second depression.
Heh. I believe we're looking at some of the toughest times in the history of mankind. The great depression will be a vacation compared to the fight for energy.

Antitrust32 09-17-2008 04:41 PM
Quote:
Originally Posted by dalakhani
with the potential for a dem controlled congress and prez? Would you be surprised by an increase in sin tax?
for strippers and hookers too? I sure hope not! ;)

dalakhani 09-17-2008 04:41 PM
Quote:
Originally Posted by Coach Pants
Heh. I believe we're looking at some of the toughest times in the history of mankind. The great depression will be a vacation compared to the fight for energy.
so does that bush some sort of...gulp...visionary?

Coach Pants 09-17-2008 04:44 PM
Quote:
Originally Posted by dalakhani
so does that bush some sort of...gulp...visionary?
Ok nice talking to you.

dalakhani 09-17-2008 04:52 PM
Quote:
Originally Posted by Coach Pants
Ok nice talking to you.
I think we are decades away from the war for energy that you are envisioning although i would have to agree that it is inevitable.

I think the war that no one is talking about that is on our doorstep is the currency war. The destruction of the dollar is upon us and it is just a matter of time before the people with the real "money", not this bullshit fiat currency, tell us to take a walk.

What do you think gas prices do then?

Mortimer 09-17-2008 05:00 PM
The mental suicide thread.


The demand for bullsh!t never goes down.

This is a constant.

Rileyoriley 09-17-2008 07:49 PM
Quote:
Originally Posted by Mortimer
The mental suicide thread.


The demand for bullsh!t never goes down.

This is a constant.


:tro: :tro: :tro:


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