welfare for bankers?
03-18-2008, 10:35 AM
#1
Typical Buck
Thread Starter
Join Date: Sep 2005
Location: British Columbia
Posts: 694
welfare for bankers?
OK Guys,
I'm a conservative, a fiscal conservative, but a Canadian one. (one difference being I love my healthcare system)
So where are all you die hard Republican Conservatives venting your rage at this huge taxpayer bailout of wall street?
Surely I shouldn't be one the pointing out this obsene lefty giveaway to a bunch of corp yaucht owners. Greed is good remember..... or maybe not.
Fieldmouse, DougMD where are you? I want your take on all this.
I'm a conservative, a fiscal conservative, but a Canadian one. (one difference being I love my healthcare system)
So where are all you die hard Republican Conservatives venting your rage at this huge taxpayer bailout of wall street?
Surely I shouldn't be one the pointing out this obsene lefty giveaway to a bunch of corp yaucht owners. Greed is good remember..... or maybe not.
Fieldmouse, DougMD where are you? I want your take on all this.
03-18-2008, 11:09 AM
#2
Banned
Join Date: Nov 2007
Location:
Posts: 1,212
RE: welfare for bankers?
The Fed's bailing them out because it'll cause a chain reaction if they didn't. They'll probably cut interest rates. Some people are starting to move to gold. The Fed's doing all they can to try to keep gold low.
03-18-2008, 11:24 AM
#3
Banned
Join Date: Nov 2007
Location:
Posts: 1,212
RE: welfare for bankers?
Breaking News: Fed just cut key interest rates by 3/4's of a percentage point.
http://www.foxbusiness.com/markets/i...525622_18.html
http://www.foxbusiness.com/markets/i...525622_18.html
03-18-2008, 11:45 AM
#7
Dominant Buck
Join Date: Jan 2004
Posts: 37,814
RE: welfare for bankers?
No my DSL went out today at 12:15. I've already put my high tech test equipment on the line and determined it''s down at the street corner. I now must wait for Jeff, my local technician to show up and replace the card in the DSLAM. Therefore, I must go to my back up wireless PCS card. It's not the fastest and sometimes posts don't make it through the slow response network of HNI. The first one didn't look like it made it.
Is that enough geeky explaination or do you require more?
Is that enough geeky explaination or do you require more?
03-18-2008, 11:46 AM
#8
Nontypical Buck
Join Date: Jun 2003
Location:
Posts: 2,395
RE: welfare for bankers?
I am a hardcore conservative, I think this bail out is a bad idea.I think we need to letthe banks that gave bad loans go broke. Intrest only loans & 100-percent financing are a bad deal that many people got sucked into.
This country is in the early stages of recession.
This country is in the early stages of recession.
03-18-2008, 12:26 PM
#9
Dominant Buck
Join Date: Jan 2004
Posts: 37,814
RE: welfare for bankers?
ORIGINAL: Wolf killer
I am a hardcore conservative, I think this bail out is a bad idea.I think we need to letthe banks that gave bad loans go broke. Intrest only loans & 100-percent financing are a bad deal that many people got sucked into.
This country is in the early stages of recession.
I am a hardcore conservative, I think this bail out is a bad idea.I think we need to letthe banks that gave bad loans go broke. Intrest only loans & 100-percent financing are a bad deal that many people got sucked into.
This country is in the early stages of recession.
On a side note, the FBIhas currently expanded their investigation into the mortgage lenders to include 17 companies.
