... AIG want 30 billion MORE wtf I can't even conceive of that much money and they will only want more.
...
What happened?Two World Wars and a Cold War.
It can't work. It's the same as throwing the money away.
It can't work. It's the same as throwing the money away.
It can't work. It's the same as throwing the money away.It worked fine in Japan many years ago.
That was very different. The rest of the western world was not in recession.Slightly different. If they can get lending working again most of the problems will eventually go away tbh. Public's works projects are a very good way of improving the infrastructure whilst stopping mass unemployment.
That was very different. The rest of the western world was not in recession.Slightly different. If they can get lending working again most of the problems will eventually go away tbh. Public's works projects are a very good way of improving the infrastructure whilst stopping mass unemployment.
But then again who am I to complain got my first call today about the new subsidies they are giving out for retrofit insulation setting an appointment with the guy for FridayLol.
That was very different. The rest of the western world was not in recession.Slightly different. If they can get lending working again most of the problems will eventually go away tbh. Public's works projects are a very good way of improving the infrastructure whilst stopping mass unemployment.
That was very different. The rest of the western world was not in recession.Slightly different. If they can get lending working again most of the problems will eventually go away tbh. Public's works projects are a very good way of improving the infrastructure whilst stopping mass unemployment.
Bailing out big banks and automakers is slightly different than big public works projects I know there are some but most of the money isn't going to them
That was very different. The rest of the western world was not in recession.Slightly different. If they can get lending working again most of the problems will eventually go away tbh. Public's works projects are a very good way of improving the infrastructure whilst stopping mass unemployment.
Don't be so sure. There's no point in lending if it's fantasy money to begin with.
Is there such a thing these days as non-fantasy money?That was very different. The rest of the western world was not in recession.Slightly different. If they can get lending working again most of the problems will eventually go away tbh. Public's works projects are a very good way of improving the infrastructure whilst stopping mass unemployment.
Don't be so sure. There's no point in lending if it's fantasy money to begin with.
Is there such a thing these days as non-fantasy money?That was very different. The rest of the western world was not in recession.Slightly different. If they can get lending working again most of the problems will eventually go away tbh. Public's works projects are a very good way of improving the infrastructure whilst stopping mass unemployment.
Don't be so sure. There's no point in lending if it's fantasy money to begin with.
Well if you believe in it, by all means by it. Equally, its as much as a gamble as currency.Is there such a thing these days as non-fantasy money?That was very different. The rest of the western world was not in recession.Slightly different. If they can get lending working again most of the problems will eventually go away tbh. Public's works projects are a very good way of improving the infrastructure whilst stopping mass unemployment.
Don't be so sure. There's no point in lending if it's fantasy money to begin with.
Money that is backed by actual gold or by other commodities, it still exists. Credit is nothing more than an I.O.U + Interest really, hence fantasy money because it doesn't exist until the debtor pays the loan back, with real money that is backed by commodities.
The only thing I want out of a 'stimulus' package is a nice hot readhead sucking my dick :wanker:
but seriously both stimulus packages are a joke, especially the first one passed under Bush.
From what I understand the gov't tried a similar approach during the Great Depression and it didn't work.
They should let the market correct itself instead wasting tax money by interfering, they're only making things worse in the long run IMHO.
The only thing I want out of a 'stimulus' package is a nice hot readhead sucking my dick :wanker:
but seriously both stimulus packages are a joke, especially the first one passed under Bush.
From what I understand the gov't tried a similar approach during the Great Depression and it didn't work.
They should let the market correct itself instead wasting tax money by interfering, they're only making things worse in the long run IMHO.
What they did in the Great Depression was different, since they started lots of public works projects that directly gave unemployed people jobs such as building roads through mountains or building the Hoover Dam.
Is there such a thing these days as non-fantasy money?That was very different. The rest of the western world was not in recession.Slightly different. If they can get lending working again most of the problems will eventually go away tbh. Public's works projects are a very good way of improving the infrastructure whilst stopping mass unemployment.
Don't be so sure. There's no point in lending if it's fantasy money to begin with.
Money that is backed by actual gold or by other commodities, it still exists. Credit is nothing more than an I.O.U + Interest really, hence fantasy money because it doesn't exist until the debtor pays the loan back, with real money that is backed by commodities.
Is there such a thing these days as non-fantasy money?That was very different. The rest of the western world was not in recession.Slightly different. If they can get lending working again most of the problems will eventually go away tbh. Public's works projects are a very good way of improving the infrastructure whilst stopping mass unemployment.
Don't be so sure. There's no point in lending if it's fantasy money to begin with.
Money that is backed by actual gold or by other commodities, it still exists. Credit is nothing more than an I.O.U + Interest really, hence fantasy money because it doesn't exist until the debtor pays the loan back, with real money that is backed by commodities.
Gold is nothing but dirt...
I got that, too. :) What did you buy?
I bought a microwave (our old one quit working about a month ago), a single seat lounge chair and a new pair of shoes because my old ones are falling apart. I still have some money left. Might get my car serviced with it.
one way for the taxpayers to get their money back from the banks is...That is one hell of a gamble, my money is that eventually they will get around to tightening up who can get credit and with a shot credit rating you have little chance of getting any form of loan.
walk away from your home.
if you bought a home in the past five years then stop making payments. it will take about a year fro the bank to get you out of the home. meanwhile, you can save all that money you are currently paying for your mortgage. and on the brightside, it only takes three years after a forclosure to qualify for an FHA loan. and, in three to four years is about a good time to buy again, considering the recession should be over, people will just be getting back on their feet, and the housing market would have likely bottomed out and leveled off by then.
stimulate yourselves people. screw the banks.
wanna lick my nut sack tonight?one way for the taxpayers to get their money back from the banks is...That is one hell of a gamble, my money is that eventually they will get around to tightening up who can get credit and with a shot credit rating you have little chance of getting any form of loan.
walk away from your home.
if you bought a home in the past five years then stop making payments. it will take about a year fro the bank to get you out of the home. meanwhile, you can save all that money you are currently paying for your mortgage. and on the brightside, it only takes three years after a forclosure to qualify for an FHA loan. and, in three to four years is about a good time to buy again, considering the recession should be over, people will just be getting back on their feet, and the housing market would have likely bottomed out and leveled off by then.
stimulate yourselves people. screw the banks.
i doubt that.one way for the taxpayers to get their money back from the banks is...That is one hell of a gamble, my money is that eventually they will get around to tightening up who can get credit and with a shot credit rating you have little chance of getting any form of loan.
walk away from your home.
if you bought a home in the past five years then stop making payments. it will take about a year fro the bank to get you out of the home. meanwhile, you can save all that money you are currently paying for your mortgage. and on the brightside, it only takes three years after a forclosure to qualify for an FHA loan. and, in three to four years is about a good time to buy again, considering the recession should be over, people will just be getting back on their feet, and the housing market would have likely bottomed out and leveled off by then.
stimulate yourselves people. screw the banks.
i doubt that.one way for the taxpayers to get their money back from the banks is...That is one hell of a gamble, my money is that eventually they will get around to tightening up who can get credit and with a shot credit rating you have little chance of getting any form of loan.
walk away from your home.
if you bought a home in the past five years then stop making payments. it will take about a year fro the bank to get you out of the home. meanwhile, you can save all that money you are currently paying for your mortgage. and on the brightside, it only takes three years after a forclosure to qualify for an FHA loan. and, in three to four years is about a good time to buy again, considering the recession should be over, people will just be getting back on their feet, and the housing market would have likely bottomed out and leveled off by then.
stimulate yourselves people. screw the banks.
big business relies on credit flowing to the poor so they can charge you much for less.
either credit needs to flow, or the common worker needs better wages.
i doubt that.one way for the taxpayers to get their money back from the banks is...That is one hell of a gamble, my money is that eventually they will get around to tightening up who can get credit and with a shot credit rating you have little chance of getting any form of loan.
walk away from your home.
if you bought a home in the past five years then stop making payments. it will take about a year fro the bank to get you out of the home. meanwhile, you can save all that money you are currently paying for your mortgage. and on the brightside, it only takes three years after a forclosure to qualify for an FHA loan. and, in three to four years is about a good time to buy again, considering the recession should be over, people will just be getting back on their feet, and the housing market would have likely bottomed out and leveled off by then.
stimulate yourselves people. screw the banks.
big business relies on credit flowing to the poor so they can charge you much for less.
either credit needs to flow, or the common worker needs better wages.
Good point. Plus if a poor person can't even get credit but wants to buy new things anyway, they're screwed big time. They have those rent-to-own stores that completely gouge people with the prices they wind up paying for the stuff they get. If it were interest they were paying as opposed to "rent-to-own" prices, it would be usurious. And of course if they can't afford to keep up paying those inflated prices, their stuff gets reposessed.