Members celticleather Posted October 1, 2008 Members Report Posted October 1, 2008 Unfortunately many of the fat cats - both from the US and the UK - are already in the Bahamas, watching the faint glow on the horizon as the wreckage burns! Quote When everyone is somebody, then no one's anybody
Members TexasJack Posted October 1, 2008 Members Report Posted October 1, 2008 The mortgage mess is just ONE 'bailout' being proposed. There's also a $25B package for the auto industry. I have no problems with trying to get factories working or protecting people's homes. I have BIG problems with handing MY money over to the scum that sucked the life out of those companies and letting them p*** it away. The politicians are scrambling to help only because they were tied directly to those thieves. They can't prosecute them without indicting themselves and they SURE don't want to lose the cash they siphon off. What's funny about the whole thing is that the news media is doing their usual bit of completely distorting the situation to favor their particular agenda. But even to the average working folks, it doesn't make any sense! Meanwhile, the Buffalo Bills are 4-0. The universe is completely out of alignment. That explains the bailout and why I lost money in the football pool. FEMA trucked in ice (to Houston) from New Jersey and then (upon discovering that the power was back on) dumped it in a field. The Government is Here to Help you! (Much like an in-law....) Quote
Ian Posted October 1, 2008 Report Posted October 1, 2008 oh ya lets all suffer to gather.. thats sounds like a lot of fun.. hell with a no vote yesterday my IRA THAT I WORKED ALL MY LIFE FOR. Went out the door.. whating to made a point.. that we don't like fat cats make lots of money.. say maybe i can come take my retirement at your house.now that i don't have any thing left in my IRA.. Or when your company you work for can't make payroll any more..Oh ya,,then we can all get to gather and talk sh#% about our GOV.and the fat cats and how much fun were having suffering to gather.. I THINK ALL THE FAT CATS IN OUR GOV. AND WALL STREET SHOULD GO TO JAIL!!!!Hell even it i could save whats left of my IRA (take it and run)I can't because if i do our Gov. will tax the sh#% out of whats left.... Don't panic, bro, even the very worst economic situations don't last that long. Unless you're going to retire in the next year or two, you'll be fine. The bailout will pass, and then we can all be treated to years of stories of how the dough is being looted by assorted scumbags. I bet they're salivating, as we speak, thinking about all the scams they can perpetrate to get their hands on as much of that big cash pile as they can. I want to buy stock in a Swiss bank - their business will be booming shortly. Quote http://blackcanyonleather.net/
Contributing Member Jordan Posted October 1, 2008 Contributing Member Report Posted October 1, 2008 I figured the universe was still hanging in there because the Vikings are doing what they always seem to do. Seems they took lessons from the Rams when they were in LA. I'm glad I don't bet on football. Quote
Members celticleather Posted October 1, 2008 Members Report Posted October 1, 2008 (edited) If it's any comfort at all, last week I saw this very classy boat in the harbour at Puerto Pollensa in Majorca. I couldn't resist the picture! Perhaps it shows that the fat cats don't always get their own way? Or is he selling it to buy a bigger one? Edited October 1, 2008 by celticleather Quote When everyone is somebody, then no one's anybody
Members WVTriker Posted October 1, 2008 Members Report Posted October 1, 2008 I believe the amount was $10,000 per person, not $1 million. Never the less, ash can the bail out, time for folks and business to be responsible for their own actions. But if they INSIST in the money, just send my the 40K for my family directly to me. And make it in a money order, don't want to have to worry about the check bouncing! Quote
Members GregGaub Posted October 1, 2008 Members Report Posted October 1, 2008 If you're (anyone) gonna toss out numbers, at LEAST pull out the calc and do the math. 700 billion (700,000,000,000) divided by only 120 million (120,000,000) comes to just a little over 5 thousand per household/family-unit/whatever. There are a lot of pundits, chain e-mails and crap out there spouting numbers like "a million per household" or even "450,000 per adult" and crap. It's wishful thinking and the math is several decimal places OFF. I realize that's neither here no there as far as the debate on the bailout goes. I just want people to stop seeing big numbers and assuming they are accurate without checking the math. It only takes a few seconds to run calc on the computer you're using now and check the math. In fact, a recent census says there are over 300 million people living in this country. Even if only half were adults, that's still more than the 120 million used in my calcs. More likely, it's closer to 200 million or more, which brings that divided number down even further. As for my opinion, I tend to agree that those banks need to figure things out, not have the taxpayers bail them out. If anything, it should be the other way around. They all made huge profits on sub-prime mortgages. They can take the loss as well. I have no sympathy for the banks that took that risk and lost. I also have little sympathy for people who bought homes they couldn't afford by getting sub-prime variable rate loans, but at least they were only trying to provide a home for their family. If anyone should get bailed out, it should be those who are about to lose their homes, not the ones who are trying to take it from them. Quote This sig is clever. You like it.
Members hiloboy Posted October 1, 2008 Members Report Posted October 1, 2008 Don't panic, bro, even the very worst economic situations don't last that long. Unless you're going to retire in the next year or two, you'll be fine. The bailout will pass, and then we can all be treated to years of stories of how the dough is being looted by assorted scumbags. I bet they're salivating, as we speak, thinking about all the scams they can perpetrate to get their hands on as much of that big cash pile as they can. I want to buy stock in a Swiss bank - their business will be booming shortly. thanks Ian, as of last week.. i was out of here at the end of this year... it looks like its time for some of that welfare that everyone been getting.. to come my way.. hell, why not its my turn.. maybe they offer a training program in leather work ... Quote Aloha, Curt http://www.picturetrail.com/linecutter
ArtS Posted October 2, 2008 Report Posted October 2, 2008 A bit of economy humor ........ If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left. With Fannie Mae, you would have $2.50 left. With AIG, you would have less than $15 left. But, if you purchased $1,000 worth of beer a year ago, drank all of the beer, then turned in the cans for the aluminum recycling refund, you would have $214 cash. Based on the above, the best current investment advice is to drink heavily and recycle. Its called the 401-Keg Quote Art Schwab "You cannot teach a man anything. You can only help him discover it within himself." – Galileo Galilei
Members WVTriker Posted October 2, 2008 Members Report Posted October 2, 2008 (edited) Very cute, Art! Nice way to lighten up the discussion. Ya gotta laugh sometimes in order not to cry (or something like that! ) Edited October 2, 2008 by WVTriker Quote
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