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A trip to Freeperland to talk BAILOUT.

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donco6 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:43 PM
Original message
A trip to Freeperland to talk BAILOUT.
Oh, it's a sad bunch over there. A sad pathetic bunch. And that was *last* week! THIS week they're even sadder and more pathetic. Poor dears. I'd give 'em a cookie, but I'd have to charge them more than they could afford.

Here's a slice of commentary on the bailout mess - some are sounding positively SOCIALIST! (though the word is never mentioned):

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To: GOPJ
You are welcome. I think that McCain should oppose this, especially if the dems add pork and class warfare to it. I predict that the dems will overplay their hand as usual.

I like Bush a lot, but I think he’s made mistakes by rushing to judgement. I think that this might be another one.

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To: mathprof
We were very close to a financial collapse. Thank goodness Paulson acted.

If the bailout is delayed, we are in deep stuff but 70% of America thinks its a diabolical plot to steal the nation. We are so screwed.

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To: JasonC
Lurking on these “bailout” threads to try to figure out if the President’s proposal is a good thing or not.

Agree that intervention seemed absolutely necessary.

My “beef” is that none of the crooks at Fannie Mae and Freddie Mac where this nightmare really hit the fan - are paying for their CRIMES unlike the Enron execs and the Worldcom execs who cooked THEIR books - and got bonuses.

I think the American people expect and deserve JUSTICE for the crimes that have been committed over at Fmac and Fmae - for starters.

Then, if desired, they can indict all of Congress who ignored the warnings that have been going out since the early 2000’s = while instead majoring on BDS issues.

_________________________________________________________________________

To: Ernest_at_the_Beach
Just keep the Bush tax cuts and make huge tax slashes across the board and we’d be better off. The stimulus package is a Ponzi scheme.

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To: Ernest_at_the_Beach
The cause of this problem is still the foreclosure crisis," Dodd said
Idiot. The problem is that banks have massive leverage on massive loans for which there was little prospect of full repayment, and kept the high fees while trying to stick investors and the taxpayers with the toxic debt.

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To: Ernest_at_the_Beach
Before we taxpayers pay for this bailout, the executives of the companies need to sacrifice their pay and bonuses. Next with Congress requiring companies to make risky loans, their pay needs to go in as well.

It is time to demand answers and some heads need to roll for this !I know one banker told me about the gov't rules and regs requiring risky loans. What he decided to do to fulfill the risk requirement is go after doctor and lawyer graduates who fit the risky profile but also had good potential to make income.

We were reckless to abandon some long time established rules that were implemented as a result of the Great Depression. I know there is also some manipulation by Obama and his friends at Fannie & Freddie Mac, George Soros. Some of these people need to be taken to task and answer some questions.

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To: PhiKapMom
Can’t Congress just pass a bill without add-ons?
While the earmarks are detestable, the notion that Paulson can blackmail us into giving him dictatorial, unreviewable powers is laughable.

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To: AndyJackson
BTW, I am not for the bailout bill but I am sure tired of add-ons like a stimulus package being discussed. Bill should pass or fail or its own without add-ons. Note I believe in changes and not blank checks but add-ons that cost the taxpayer more money — Not only NO but H*ll NO!

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To: PhiKapMom; All
This is the time that I wish McCain was President and not GW.. I like Bush, but my main criticism of him is going to be about his spending habits and his inability to control Congress from spending.. Both the Rats and the GOP..

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To: Ernest_at_the_Beach
I would like a years worth of help paying my mortgage in advance in exchange for my vote. First party that gets it done is the winner.

I’m really ashamed of Shelby,more taxes and no spending cuts. He can go ____ himself!

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To: Ernest_at_the_Beach
Companies looking for capital to expand were unable to find funds as markets froze.
////////////////
Tooo f***ing bad. They won’t be able to expand. That doesn’t mean they will lose money or that they will fail, it just means that they won’t get into debt and hopefully expand, hopefully.

There is money out there, just not among the Wallstreet Mafioso.
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DS1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:46 PM
Response to Original message
1. Meanwhile, my bank didn't bail me out of my 5 dollar overdraft
Oh no, they charged me 25 bucks for it. My fault, of course. When will this 700 billion dollar default be their fault?
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bkkyosemite Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:51 PM
Response to Reply #1
2. And they would never get charged that $25.00 either.. I was 1.52 off and they charged me
and I pleaded mercy and they took the charge off. Small town bank but if it were the big guns I don't think so........
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donco6 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 09:00 PM
Response to Reply #2
6. I was supposedly late on paying my credit card one month.
I had my bank statement showing the auto billpay coming out days ahead of the due date. But they wouldn't budge. Charged me $40 and they knew there was nothing I could do about it.

Well, except cancel that card and get a different one. I'm sure they really cared.
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tanyev Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:58 PM
Response to Reply #1
4. Doesn't that just chap your hide?
Quite a few years ago, I taught private piano lessons and had to watch my bank balance pretty closely. One particular customer who owed me for a couple months finally gave me a good-sized check which I deposited and was able to pay a bill that was waiting. The check from my customer bounced, which my bank charged me for, and then the check I wrote to pay my bill bounced, which I got charged for. I was so angry. It wasn't my fault, yet I ended up having to pay fees I couldn't afford. :grr:
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DS1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 09:02 PM
Response to Reply #4
7. The BEST is when let's say you have
30 dollars in the bank. You have a check coming in for 100. You have outgoing payment checks, for 31 dollars, 5 dollars, and 1 dollar.

Of course, they'll try the 31 dollars one first, hit you with 25, now you're -26, then they'll process the 5 dollar one, hit you with charges for that, so now you're -56 dollars, then they'll do the 1 dollar one, so you're -82 dollars after fees.

THEN they put in the 100 dollars. So now after than 100 dollars you put in, your balance is 18 bucks.

That happened to me once, different numbers, but same technique. Biggest check first, then process the deposit.
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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:52 PM
Response to Original message
3. i see a familiar name on one of those posts.
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DS1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:59 PM
Response to Reply #3
5. BMWM3-FAN?
Yeah, that guy is all over the place, probably busy studying
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Skittles Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 09:08 PM
Response to Original message
8. I remember a time when we could just laugh at their ignorance
now it is just plain fucking scary :scared:
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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 09:12 PM
Response to Original message
9. Golly, I hope the Dems don't add no class warfare to the bailout!
Haven't the investment bankers and commodities traders suffered enough without being made to feel bad about themselves, too? It's just soooo unfair!
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donco6 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 09:30 PM
Response to Reply #9
10. Having to walk out of AIG and Lehman with their stuff in boxes. . .
. . . oh the shame and ignominy of it all!

Of course, farting in our faces while they made billions from crooked deals, made possible by a Republican-led deregulated industry, . . . we should just forget about all that.
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