United States economy doomed …

[UAL_TECH]

I don't think for myself in any way, shape, or form. I'm proud of it! I put everything in the hands of God and He guides me. I have confidence in His plan for me.

Self-righteous indignation is not ‘really’ a plan but more of a lifestyle.
Maybe if you would loose some of your pretentiousness, people would take you serious and your ‘message’ (whatever the hell that is) would be understood.

Get a grip Boobie!

Ephesians 6:19-20 NIV

Pray also for me, that whenever I open my mouth, words may be given me so that I will fearlessly make known the mystery of the gospel, for which I am an ambassador in chains. Pray that I may declare it fearlessly, as I should.

B) xUT

 

[Freight train]

1. Bear Stearns

2. Fanny Mae(BAILED OUT BY THE GOVERNMENT)("GET IT UP $$$$$$ TAXPAYERS")

3. Freddy Mac(BAILED OUT BY THE GOVERNMENT)( "GET IT UP $$$$$$ TAXPAYERS")

4. Lehman Brothers

5. Merrill Lynch

6. AIG(BAILED OUT BY THE GOVERNMENT)(" GET IT UP $$$$$$ TAXPAYERS")

7. Washington Mutual/WaMu, (in the ON DECK CIRCLE)


Vote Republican. "YEAH, RIGHT" !!!!!

The Silence of certain "cooler" posters is DEAFENING !!!!!!!!

 

[KCFlyer]

1. Bear Stearns

2. Fanny Mae(BAILED OUT BY THE GOVERNMENT)("GET IT UP $$$$$$ TAXPAYERS")

3. Freddy Mac(BAILED OUT BY THE GOVERNMENT)( "GET IT UP $$$$$$ TAXPAYERS")

4. Lehman Brothers

5. Merrill Lynch

6. AIG(BAILED OUT BY THE GOVERNMENT)(" GET IT UP $$$$$$ TAXPAYERS")

7. Washington Mutual/WaMu, (in the ON DECK CIRCLE)


Vote Republican. "YEAH, RIGHT" !!!!!

The Silence of certain "cooler" posters is DEAFENING !!!!!!!!

Yep...everybody is a capitalist until they need help.

 

[PITbull]

I don't think for myself in any way, shape, or form. I'm proud of it! I put everything in the hands of God and He guides me. I have confidence in His plan for me.

I've been reading your posts the past few weeks... and there is nothing you've posted that is more profound than the above statment. I really believe you don't have a CLUE on how or what the Feds do, or the impact the U.S. financial crisis has on the entire global economy, or how the economy operates, or who controls what, when and why.

Just for a quick fed hx lesson for you... Government interventions have occured many times in recent history where there has been a crisis that would have such such crippling impact of major proportions on the financial markets:

1. S&L bail out of $500 billion (yes that is 500 hundred!!!) in 1989.
2. Loan Guarantee of $250 million to Lockheed Aircraft Corp. in 1971
3. Chrysler Corp in 1979 of $1.2 billion
4. Post 9/11 Loan Guarantees and bailout of $10 billion to the airline industry (if you are part of this industry, consider yourself SAVED by the FEDS).

Government interest was well protected in these rescues, and the tax payers didn't lose

With regard to the AIG rescue, without the FED involvement (cause the private financial institution just didn't have the money to lend to AIG) literally thwarted a spiral that would probablly have such horrific impact on world markets beyond anything anyone could imagine.

The AIG fed rescue is a LOAN...24 month loan, which includes 8.5% ABOVE the normalinstitution lending rate, conditional with AIG selling off assets in an orderly fashion to repay, which means AIG will have to shrink.
Tax payors have been well safe guarded and it is projected that the FEDS (taxpayors)will probably see a return of profit on this particular loan.

I have confidence in God's plan for you and pray that GOD gives you an epiphany in economic education and a needed lesson on how important oversight and transparency which does include some stict gov. regulations to balance out a capitalistic system that runs a-muck from time to time.

As far as the U.S. government...there is no finer institution. Why? Because there is transparency and major oversight. Major checks and balances within this system. Government maybe be burocratic and large (different argument), but there has never been ANYTIME in history since the establishement of social security in 1940 and medicare that any eligible retiree has ever missed a gov issued SS check or medicare reimbursement; not once, ever!!! After all, the government IS for the people, by the people and from the people.

 

[Seatacus]

Democratic majority congress may adjourn................probably a good idea since they could possibly make things worse.

Taking another break?

 

[KCFlyer]

Democratic majority congress may adjourn................probably a good idea since they could possibly make things worse.

Taking another break?

So Seatacus...this whole mess we are experiencing right now is the result of two short years? Man...those demon dems are FAST. I mean...they'd have to enact the laws to make it happen...then have people buy into it...and then turn right around and default to create the mess we have. It is truly amazing that the demon dems could do SO much SO fast to undo all the good things that a 10 year GOP majority in Congress accomplished.

 

[Seatacus]

So Seatacus...this whole mess we are experiencing right now is the result of two short years?

Did I say that? No. This has been brewing for a long time. Plenty of blame to go around for both parties. I just thought it was funny that some in congress said there was nothing they could do right now to fix things, so let's take a break..............

 

[freedom]

There are whispers in the darkness that the united states AAA credit rating is being looked at more carefully these days ….

 

[Gilding the Lily]

Democratic majority congress may adjourn................probably a good idea since they could possibly make things worse.

I don't think Henry Paulson will let them slip away that easily... they are needed, regardless of how incompetent they see themselves.

 

[Crusader]

HEY, where is "NERO"..I mean Bush.
Rome is BURNING, and he's pulling Another "KATRINA"

(Useless POS) !!!

 

[700IAM]

HEY, where is "NERO"..I mean Bush.
Rome is BURNING, and he's pulling Another "KATRINA"

(Useless POS) !!!

Yea---he's the one who decided to take insane risks loaning money to anyone whether they had the ability to pay back the note or not. He's the one who laid the foundation that gives to the poor via high taxes and extremely liberal laws that permit druggies and homeless and everyone the ability to survive in leisure regardless if they work or not.

The far left policies have a real cause and effect to the detriment of everyone of us.

It’s not eight years of Bush, but it is too many years of the mentally ill promoting extreme liberal policies permitting the derelict on welfare the ability to buy a Cadillac.

No terms limits are making people become Gods, in their own minds, who are out of touch with reality because they have everything handed to them and believe that’s the way it should be for everyone breathing. They serve one term in office and are taken care of for the rest of their life. They feel guilty and want everyone else to have the same benefits. Like the freaks in Hollywood that have more money than brains living in a fantasy world believing everyone should live as kings without working for it.

Get Rational, Get real---of course that’s impossible for the far left terminally infected mind.

 

[delldude]

Not so fast...............

It’s one of the hidden success stories of the Clinton era.

Story

In 1992, Congress mandated that Fannie and Freddie increase their purchases of mortgages for low-income and medium-income borrowers. Operating under that requirement, Fannie Mae, in particular, has been aggressive and creative in stimulating minority gains. It has aimed extensive advertising campaigns at minorities that explain how to buy a home and opened three dozen local offices to encourage lenders to serve these markets. Most importantly, Fannie Mae has agreed to buy more loans with very low down payments–or with mortgage payments that represent an unusually high percentage of a buyer’s income. That’s made banks willing to lend to lower-income families they once might have rejected.

All signs point toward a high-velocity collision this summer between two strong-willed protagonists: HUD’s Cuomo and Fannie Mae CEO Franklin D. Raines, the first African American to hold the post. Better they reach a reasonable agreement that provides more fuel for the extraordinary boom transforming millions of minority families from renters into owners.

In the 1970s, activists in Chicago and across the country brought strong pressure on banks to lend equitably to all those in their communities.

Saul Alinsky-Mentor of the Big'O'

CRA-signed into law by Jimmy Carter

Obama style government thinking then brought this to our door step today.

What's he going to do with us now?

 

[KCFlyer]

Not so fast...............

It’s one of the hidden success stories of the Clinton era.

Story







Saul Alinsky-Mentor of the Big'O'

CRA-signed into law by Jimmy Carter

Obama style government thinking then brought this to our door step today.

What's he going to do with us now?

And again I ask you "Where were all the foreclosures over the past 30 years if these policies were the cause of today's problems"?

Get Rational, Get real---of course that’s impossible for the far left terminally infected mind.

YOu are correct sir....If we shouldn't let the poor live the life or Riley in a roach infested tenement, then we shouldn't be propping up financial services companies who were only abiding by the letter of the law implemented by Republicans. Is it too late for the government to take back the money they put into Fannie, Freddie and AIG and let the market thrive as the GOP intended it to do? I mean, I think it's abhorrent that we are giving slum dwellers money to drive a Cadillac...it is equally abhorrent to prop up the financial markets created by "trickle down" economics so that investment bankers can keep driving their Lexus.

 

[700IAM]

And again I ask you "Where were all the foreclosures over the past 30 years if these policies were the cause of today's problems"?

YOu are correct sir....If we shouldn't let the poor live the life or Riley in a roach infested tenement, then we shouldn't be propping up financial services companies who were only abiding by the letter of the law implemented by Republicans. Is it too late for the government to take back the money they put into Fannie, Freddie and AIG and let the market thrive as the GOP intended it to do? I mean, I think it's abhorrent that we are giving slum dwellers money to drive a Cadillac...it is equally abhorrent to prop up the financial markets created by "trickle down" economics so that investment bankers can keep driving their Lexus.

I agree except where you believe it's all the GOP's doing...I agree 1000%

 

[KCFlyer]

I agree except where you believe it's all the GOP's doing...I agree 1000%

Okay...it's about 75% the fault of the GOP and 25% part of the democrats. The democrats opened the door for "deadbeats" to get loans - even though the foreclosure rate hasn't skyrocketed in the 30 years the program has been in effect, and the GOP passed deregulation that encouraged mortgage brokers to sell crap for a profit and dropped any regulations against short selling.