ryball

iTrader: (6)

See, it's kinda like how opening up new area's to drill for oil both in the wilderness and off our coasts helps free us from our dependence on foreign oil... oh wait...

jewpac42

iTrader: (5)

They money isn't going to foreign investors, I dont know where you got that piece of misinformation from. The money is going to prevent the collapse of the largest financial institutions by infusing them with capital allowing them to do business thus saving the entire financial system. If banks have no capital, they cannot do business, if banks cannot do business no one can do business and the market goes stagnant and takes a nose dive.

Also, we dont print money at interest we have to pay back. The government prints money, what happens when the being to print more money is the value of the dollar plummets due to the market being flooded with dollars and inflation skyrockets.

subie OCD

iTrader: (11)

The economy needs a nosedive.

sigma pi

iTrader: (6)

sorry mis quoted

OneManArmy

iTrader: (7)

unfortunately true. Things can get artificially inflated and cause huge issues.
Our dollar isn't worth a damn thing and it might take something like this to wake the government up and cause a shift in financial thought process.

But I doubt it. Congress is full of rich white people that are friends with all the other rich white people that are benefiting from all this. Long as the 1 percent are happy **** the non existant middle class.

psoper

The AIG "bailout" was a short term loan at very high interest that nobody with half a clue expects will get paid back, its going to pay for executives to fold up the company which- in case you didn't know was actually founded in China...

http://www.atimes.com/atimes/China_B.../JI18Cb02.html

So whoever suggested that these bailouts will wind up paying off foreign investors isn't too far off the mark.

It sure as hell isn't going to do crap to help our domestic economy- until someone addresses the cause of our problems (overpaid executives making stupid decisions) any attempt at "saving" our economy by printing up and throwing more money at failing companies is like trying to put out a fire by pouring gasoline on it.

sigma pi

iTrader: (6)

11% right?

psoper

Yep 11% on like either a 60 or 90 day note, so we can expect to hear about AIG's ultimate demise right after the election....

JZ oo7

iTrader: (1)

saw this comment over on sfgate.com and thought it was funny

psoper

I still think they should tax the pants off anyone making over oh I don't know how about we say 2 million a year- make it progressive so nobody takes home more then say 10 mil, and make it retroactive so these bastards and others who can afford it can pay their own way out the mess they made.

sigma pi

iTrader: (6)

i think some people are earning thier money look at thier companies

slow04wrx

iTrader: (3)

yes I believe that over half the bailout went directly to China Investors, that isn't misinformation, unless KGO and all of its news is wrong, and cnn as well. As far as I can tell it's completely true.

The money should go ONLY to help, not to fatten pockets of individuals.

What kills me is a few billion already went to hi level execs, they are raping our leather cherrio hole

psoper

Name me one person in the entire frigging world whose annual personal contribution to the well being of their company or for that matter- the well being of society- is more than a net 10 million dollars.


I don't think such a valuable person exists, despite the fact that several thousand individuals pull in considerably more, I contend those to be ill-gotten gains, either directly or indirectly at the expense of taxpayers or else through ruthless exploitation of shareholder trust or labor/worker generated wealth.

FW Motorsports