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bailout approved, senate passed, good or bad?

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Jacob Mei	Posted - 2008.10.03 17:36:00 - [1] So the revised bailout has been approved by both congress and the senate and they are saying the president may even be able to sign it today. Anyone understand what the new bailout will do for the average individual? -------------------------------- To borrow a phrase: Players who post are like stars, there are bright ones and those who are dim.
Pwett Minmatar QUANT Corp. QUANT Hegemony	Posted - 2008.10.03 17:38:00 - [2] I'd say it's bad. We're going to see the same thing happen in 5-10 years only it will be multiplied 100x since those responsible have yet to learn their lessons. _______________ Pwett CEO, Founder, & Executor <Q> QUANT Hegemony
MineralOel Steuer Amarr OP EC	Posted - 2008.10.03 17:40:00 - [3] Gratulation to Henry Paulson, the 700 Billion Man. Pretty sure you will see "some" of this money magically disappear. Good Job America. The only numbers I care about are 3-2-1-launch..
kor anon Amarr Sons Of The Fallen BROTHERS GRIM.	Posted - 2008.10.03 17:43:00 - [4] Good for the world bad for my plan of word domination
Eran Laude Gallente The Aduro Protocol	Posted - 2008.10.03 17:59:00 - [5] Absolutely stupid move. The same mistakes of the past 20 years will be repeated in the next 10 and the world will slump into another Great Depression. Gee thanks America . . .
Asestorian Federation of Freedom Fighters Executive Outcomes	Posted - 2008.10.03 18:00:00 - [6] My understanding is that either way, US taxpayers are going to suffer, and this method reduces the long-term pain somewhat, despite being extremely unpalatable in the short term. But I don't live in the US, and I don't understand economics really, so I can only go on what other people say. --- Originally by: CCP Atropos Destiny Balls
Raymond Sterns Utopian Research I.E.L. The ENTITY.	Posted - 2008.10.03 18:05:00 - [7] This has to be the most expensive band-aid the US has ever put on it's economy. I hope Bush gets run over by a bus on his way to the white house. _
Pwett Minmatar QUANT Corp. QUANT Hegemony	Posted - 2008.10.03 18:07:00 - [8] Listen, this is one of those few things that isn't Bush's fault. This is the work of the political old-boys club that was Fannie Mae and Freddy Mac. If you did any research, you would have known that Bush has consistently warned Congress that Fannie and Freddy were dangerously affecting the economy. /rant off/ _______________ Pwett CEO, Founder, & Executor <Q> QUANT Hegemony
MineralOel Steuer Amarr OP EC	Posted - 2008.10.03 18:15:00 - [9] Originally by: Pwett Listen, this is one of those few things that isn't Bush's fault. This is the work of the political old-boys club that was Fannie Mae and Freddy Mac. If you did any research, you would have known that Bush has consistently warned Congress that Fannie and Freddy were dangerously affecting the economy. /rant off/ it's ok for Bush. At least this is his real legacy to the World, not some unimportant war in Afg. or Irak which are lost anyway. The only numbers I care about are 3-2-1-launch..
Raymond Sterns Utopian Research I.E.L. The ENTITY.	Posted - 2008.10.03 18:18:00 - [10] Originally by: Pwett Listen, this is one of those few things that isn't Bush's fault. This is the work of the political old-boys club that was Fannie Mae and Freddy Mac. If you did any research, you would have known that Bush has consistently warned Congress that Fannie and Freddy were dangerously affecting the economy. /rant off/ He has to sign it before it gets passed, you muffin. I know it's not his fault. _
Of Montreal Gallente The Sunshine Club	Posted - 2008.10.03 18:33:00 - [11] Originally by: MineralOel Steuer Edited by: MineralOel Steuer on 03/10/2008 17:49:35 Gratulation to Henry Paulson, the 700 Billion Man. Pretty sure you will see "some" of this money magically disappear. Good Job America. Edit My Opinion as an European, you should face the consequences NOW because in some years the USA won't be a Superpower in Economys anymore. China and India will probably eat you alive. They already are eating us alive, they have all our freakin' jobs. As an American I think it will take some real horrible chain of events to change our mind set. I think we need it. We are too complacent, greedy, and glutinous. This is what we get for living beyond our means and living off of credit. We need to change our thinking and our culture. I have 1 credit card I only use for emergencies. I have only had to use it once, and paid it off promptly. I say if somebody wants a new toy they save for it like we use to in the good ole days. People in America use spending money on new shiny toys as a way to help patch up some kind of void in their lives, instead of figuring out what is truly missing. We don't seem to have a sense of community, or have an appreciation for the little things in life.
Pwett Minmatar QUANT Corp. QUANT Hegemony	Posted - 2008.10.03 18:35:00 - [12] I can't say I disagree, but how can the common Joe learn to not spend above his means when the Government does it as a matter of business. We need a constitutional amendment that prevents the Government from running a deficit. Anyone with me? :) _______________ Pwett CEO, Founder, & Executor <Q> QUANT Hegemony
Of Montreal Gallente The Sunshine Club	Posted - 2008.10.03 18:39:00 - [13] Originally by: Pwett Listen, this is one of those few things that isn't Bush's fault. This is the work of the political old-boys club that was Fannie Mae and Freddy Mac. If you did any research, you would have known that Bush has consistently warned Congress that Fannie and Freddy were dangerously affecting the economy. /rant off/ Well it doesn't help that we also have to pay billions of dollars every week on a war that we should have never started in the first place. Another thing that doesn't help was Bush's deregulation of the mortgage industry. Republicans = deregulation & small government.
ReaperOfSly Gallente Lyrus Associates The Star Fraction	Posted - 2008.10.03 18:40:00 - [14] The trouble is that when the banks go down, they take EVERYONE down with them. I can see exactly why this bill needed to pass. On the other hand, it sets a worrying precedent.
Shadowsword COLSUP Tau Ceti Federation	Posted - 2008.10.03 19:04:00 - [15] The thing is, this bailout is only postponing things, and not for long. Not for long at all. - The current trouble was caused by subprimes, estimated to about 1000 billions. But that's only the visible part of the iceberg. - It looks very likely that something similar will happen with education credits, and consummation credits, and that's much bigger. - The CDS (Credit Default Swaps) and CDO bubble is about to burst as well. It was basically a way for investors to insure their products against losses, but also to insure it for way above their value. Imagine you take 10k$ worth of google shares, claim it's worth 100k$, and insure it for 100k. You'll pay more insurance fees, but some things are bound to loss value, and when it happens... The subprimes are peanuts compared to that. This unholy mess is something between 50 000 and 63 000 billions! I read some confidential edition (meaning, you have to pay a lot, like 1000$/year, to subsribe to it, but it's a professionnal tool) of an economic newsletter from 4 months ago, that foretold the wallstreet crisis would start in hte following months. It also foretold the CDS/CDO thing before the end of the year. Hedge funds, among other things, are involved to the neck in this mess. I hope you don't have any saving in them, cause their chances of survival are low. ------------------------------------------
Straight Chillen Gallente Solar Wind	Posted - 2008.10.03 19:05:00 - [16] im thinking about moving, Brazil is nice i hear Please resize image to a maximum of 400 x 120, not exceeding 24000 bytes. If you would like further details please mail [email protected] ~Saint
Raymond Sterns Utopian Research I.E.L. The ENTITY.	Posted - 2008.10.03 19:20:00 - [17] **** this, I'm moving to Canuckistan. _
Ademaro Imre Caldari Intrepid Crossing	Posted - 2008.10.03 20:17:00 - [18] Originally by: Jacob Mei So the revised bailout has been approved by both congress and the senate and they are saying the president may even be able to sign it today. Anyone understand what the new bailout will do for the average individual? It is a wonderful day for Americans. Toy wooden arrows are now cheaper because of the bill, and if you bike to work, your employer can give your tax credits. A truly wonderful spectacle.
Neamus	Posted - 2008.10.03 20:37:00 - [19] It's good that the whole world wont suffer as much as it would have if the bail out didn't happen. It sucks giant donkey balls that the average tax payer in the US is bailing out the arrogant fk wit finance monkeys. Those who get paid huge sums of money for failing, and looking down their noses at average hard working people while they are doing it.. They should all be round up and shot in my opinion. There's far to much admiration and focus on material wealth in the world. Fat cats swanning around in silk suits, suits that if they were sold could probably feed a starving family in a 3rd world country for 3 years, or even set them up with a farm for life. I'm pretty easy going as most that know me in rl will tell you, but these people make my blood boil. They shouldn't be allowed to breed. Capitalism FTL.
MataSanos	Posted - 2008.10.03 20:44:00 - [20] but why dont print again the "Green Backs" worked well for Lincon btw USA citizen should destroy fed reserve bank (if u dont know is a private bank)
Kazuma Saruwatari Caldari	Posted - 2008.10.03 20:49:00 - [21] Originally by: kor anon Good for the world bad for my plan of word domination I sincerely hope this is an epic typo, because all you need to do to obtain word domination is time spent improving your english subject skills like grammar and spelling. Having a dictionary and thesaurus on hand is also good.
TCup Minmatar	Posted - 2008.10.03 21:00:00 - [22] Go back to sleep America, turn on your TV and watch Gladiators The 'bailout' is in fact a handout to the super rich, just a tax payers guarntee to keep their riches safe and sound, and in the same way Bush & Co (or more accurately Corp ) conned the American people to ignore their constitution and spend 2 trillion (thats 2,000,000,000,000) dollars on a war on terrorism, that only benifited the super rich. The Fed is in fact not Federal, or a Reserve, it is a privately owned cartel that has a monopoly on the 'creation' of dollars. The con is to get the American tax payer to pick up the bill, and that is all this is about. Go back to sleep America, turn on your TV and watch Gladiators
Atomos Darksun Infortunatus Eventus Obsidian Empire	Posted - 2008.10.03 21:06:00 - [23] This isn't capitalism destroying itself, it's capitalism working as it should. It's just that the government tries to step in and patch it which only makes it worse. In a true free market there should be no outside involvement. There should be no stupid businessmen crying for government help when their company goes under from THEIR OWN STUPID MISTAKES. Originally by: Amoxin My vent is talking to me in a devil voice... Atomos' Guide to Forum Flaming
Captain Hudson Caldari Caldari Provisions	Posted - 2008.10.03 21:12:00 - [24] Someone bought a house in michigan for $1 off ebay, now thats 50p for me, ima get me some of that
Intense Thinker Minmatar	Posted - 2008.10.03 21:33:00 - [25] the best way to fix everything is to just point and laugh so those responsible feel stupid and will learn from their errors --------------------- It's me! Your lovable forum warrior!!!
Shadowsword COLSUP Tau Ceti Federation	Posted - 2008.10.03 21:38:00 - [26] Originally by: Atomos Darksun This isn't capitalism destroying itself, it's capitalism working as it should. It's just that the government tries to step in and patch it which only makes it worse. In a true free market there should be no outside involvement. There should be no stupid businessmen crying for government help when their company goes under from THEIR OWN STUPID MISTAKES. Except that this brand of pure capitalism won't prevent rogue upper echelon members of choosing short-term profitable, long-term horrible ways of gaining money, and run with the money before the consequences appear. The most stable system around seem to be strictly regulated capitalism, with a bit of socialism.
HankMurphy Minmatar Pelennor Enterprises	Posted - 2008.10.03 22:22:00 - [27] I only have one thing to say. Though excuse me if i say it a several times in a row. gay gay gay gay gay gay gay gay gay
Of Montreal Gallente The Sunshine Club	Posted - 2008.10.03 22:35:00 - [28] Originally by: TCup Go back to sleep America, turn on your TV and watch Gladiators The 'bailout' is in fact a handout to the super rich, just a tax payers guarntee to keep their riches safe and sound, and in the same way Bush & Co (or more accurately Corp ) conned the American people to ignore their constitution and spend 2 trillion (thats 2,000,000,000,000) dollars on a war on terrorism, that only benifited the super rich. The Fed is in fact not Federal, or a Reserve, it is a privately owned cartel that has a monopoly on the 'creation' of dollars. The con is to get the American tax payer to pick up the bill, and that is all this is about. Go back to sleep America, turn on your TV and watch Gladiators We don't all watch gladiators in the US, thats a vicious stereotype. Where are you from? I want to make a generalization about you now.
Wendat Huron Stellar Solutions	Posted - 2008.10.03 22:39:00 - [29] Originally by: Pwett I'd say it's bad. We're going to see the same thing happen in 5-10 years only it will be multiplied 100x since those responsible have yet to learn their lessons. The rich never learn, they just know enough to remove themselves from direct liable to keep what they have intact then continue on with their parasitic existence. Football stadium and shot to the back of the head. If the state bought parts of the banks with the recovery plan then fine, if they just handed money over as was done over here after Soros butchered the currency in the early 90s then it's very bad indeed. These forums are FUBAR, upgrade this decade!
Kianita Kititalia	Posted - 2008.10.03 22:51:00 - [30] America needs an enima!!! it's time for the system to colapse, we should be looking at regionalising our government and preparing for the worst ecanomic downturn ever. Nope we sink more money into bailing out the already super rich for about another 2.5 years till the market fails us, then another 2.5 years till ther is no more united states and we become a true republic again. Except for Texas, they will become there own country being that they are the only state that is self suficiant. Anarchy will reign

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