[Snowrunner]

$this->bbcode_second_pass_quote('MrBill', '')$this->bbcode_second_pass_quote('', 'W')ho is more guilty? The Dealer who knows what he's selling, or the junky who things it's okay because he was told by a "professional" that it is "good stuff" and he sees everybody else doing it as well with no ill effect (or so it seems)?

[Byron100]

Since we're playing the blame game here, exactly *why* is America hoovering up 2/3rds of the world savings? The ONLY reason it's gone this far is all those *other* countries dumping their money back into the US as fast as they can get their hands on it. And to what end? To set up the world up for the biggest economic crash the world has ever seen? Sure seems that way to me.

If someone has a loved one that has a drug addiction problem, and spends $500 a week to keep it going...is it the right and proper thing to do to fork over that $500 each week to keep him or her "happy"? No, but that's what happens all the time...as the fallout of the withdrawal process is an ugly thing to endure. But are you doing yourself or the druggie any favors by this act of endless enabling? Of course not.

And yet that's exactly what the nations of the world are doing with the United States...enabling this country to continue its drunken, drug-induced madness...by handing over practically every spare dime they have on hand. Time for the rest of the world to catch a clue and shut off the flow of cash...and soon.

[coyote]

I don't know enough about this system to really make a meaningful addition to the discussion, though these threads and times have been fascinating. All I know is that, as someone who has not lended irresponsibly, has not borrowed irresponsibly, did not cheer the Iraq War and did not vote for Bush either time, I get the shaft from my fellow American idiots - politician, lender and borrower alike. My taxes go to prop up an industry that I've been waiting patiently for years to correct itself so that I can afford to buy my own real property in a responsible manner. Looks like I'll be waiting a bit longer - though I hope I can be forgiven for hoping that my tax dollars, though I consider them wasted money, at least wind up being ineffective at working against my own interest as they are intended to do.

No real cause for complaint, though, I suppose - lots of people don't have food.

"I can't complain, but sometimes I still do..."

[loveandrage]

I was looking back over my last reply ...

$this->bbcode_second_pass_quote('loveandrage', '
')Where's the consumer activists or taxpayer advocacy groups? Where's the ol' school republicans? Where are the experts touting this position in the media to balance out the current argument? The only side getting media play: the financial outcomes are so horrific that we must not speak about them in detail. Far too grotesque to even look at it. We must avoid it at all cost.

Experts and activists should be screaming about this stuff in my humble opinion.

[Specop_007]

$this->bbcode_second_pass_quote('Cid_Yama', 'M')r Bill,
The US had a surplus when Bush entered office.

[hironegro]

Read The Prince, and you'll learn that western politicians truly don't care about intellectually consistent form of capitalism.

[AgentR]

$this->bbcode_second_pass_quote('MrBill', 'I') read yesterday about a retired preacher who was 66 complaining that he had to pay more for his home loan even though his credit score was good. Step back and look at it for Christopher's sake. He is 66. He is retired. His home should have been paid-off already. He should not need a new home loan.

[coyote]

How have we gotten to a place where all of our well being depends utterly on the fate of a few companies?

[MrBill]

$this->bbcode_second_pass_quote('coyote', 'I') don't know enough about this system to really make a meaningful addition to the discussion, though these threads and times have been fascinating. All I know is that, as someone who has not lended irresponsibly, has not borrowed irresponsibly, did not cheer the Iraq War and did not vote for Bush either time, I get the shaft from my fellow American idiots - politician, lender and borrower alike. My taxes go to prop up an industry that I've been waiting patiently for years to correct itself so that I can afford to buy my own real property in a responsible manner. Looks like I'll be waiting a bit longer - though I hope I can be forgiven for hoping that my tax dollars, though I consider them wasted money, at least wind up being ineffective at working against my own interest as they are intended to do.

No real cause for complaint, though, I suppose - lots of people don't have food.

"I can't complain, but sometimes I still do..."

[RdSnt]

Now isn't this a sweet deal, to keep the company chiefs paychecks in the black...
Hope no one here has money in investment accounts

http://www.financialsense.com/fsu/edito ... /0918.html

RAIDS OF INDIVIDUAL ACCOUNTS
This is so important a topic, that it deserves top billing!!! Hidden inside the AIG bailout funding package, surely hastily cobbled together, but carefully enough to include a totally corrupt clause, was a handy dandy clause that permits raids. The conglomerate financial firms are permitted at this point to use private individual brokerage account funds to relieve their own liquidity pressures. This represents unauthorized loans of your stock account assets. So next, if the conglomerate fails, your stock account is part of the bankruptcy process. Finally the corrupt USGovt and corrupt Wall Street houses are desperate enough to put into policy, stated by the US Federal Reserve, outlining the authorized raid of your money.

[MrBill]

Please check your sources. If your money is in a segregated investment account it has to be by law separate from the investment firms own money. And it is separately insured. The limits vary from country to country. Sometimes the insurance is provided by a government agency. Sometimes by a mandatory industry pool. But I know of no instance where an investment firm can raid private investment accounts for its own use. That is fraud. But then again, if they do, and if they go bankrupt, then collection is the issue a la Refco. Been there, done that.