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Deity
Republic of Texas
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Sep 1999
time: 21:00
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Do you not find it obscene? It's a pretty simple question. I shouldn't have to explain it. I probaly will have to explain it though. Given the settings in which I ask the question.
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Emperor
orangesoda
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Nov 2001
time: 20:00
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Well, the whole mess is rather obscene. I wouldn't label it the poor bailing out the rich. Rather I would label it some of the rich ****ing up and the US Gov dragging everyone else (rich, poor, themselves) down with them.
The bailout started last year, with the Fed throwing the dollar under the bus to try to prop up the stock market which was being dragged down by the financial mess. That didn't work, and it essentially transferred trillions from $'s to the stock market. THis $700bn bailout is piddling by comparison, and just a drop in the bucket considering the $50+ trillion CDS cluster****.
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Deity
Republic of Texas
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Sep 1999
time: 21:00
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EPW, stick the invalid poll up your ass. And take California and fall into the ocean, for all I care.
Damn troll.
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Emperor
??
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Jan 2004
time: 19:00
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Troll >> Texan
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Deity
Republic of Texas
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Sep 1999
time: 21:00
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In a troll's small mind.
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Emperor
orangesoda
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Nov 2001
time: 20:00
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quote:
Originally posted by DanS
No, with the rich's money. |
Actually, with a % of everyone's $'s.
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Emperor
orangesoda
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Nov 2001
time: 20:00
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They have less to tax and devalue, sure. But they pay, and pay more dearly (losing houses, being laid off, and having what little they do have devalued) than the rich. You can't pretend that only the rich pay, no matter how little you actually care about the rest.
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Deity
Lurking occasionally
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Mar 2003
time: 19:00
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quote:
Originally posted by DanS
This is more like the rich bailing out the rich. |
Yea, we just do all the work and the rich **** everything up and bail each other out.
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Deity
Lurking occasionally
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Mar 2003
time: 19:00
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quote:
Originally posted by DanS
The lower half will pay very little indeed toward this bailout. |
The $700bn is going to be added to the national debt which the rich own and make interest from.
So yea, some rich will pay and fall down to the lower ranks, maybe directly from the tall buildings. But as always the poor will pay all the bills.
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King
of infinite space, though bounded in a nutshell
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Sep 2000
time: 11:00
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Isn't it more like China bailing out the rich? I mean, it's not like we have the $700 billion to begin with...
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Deity
Lurking occasionally
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Mar 2003
time: 19:00
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quote:
Originally posted by Rufus T. Firefly
Isn't it more like China bailing out the rich? I mean, it's not like we have the $700 billion to begin with... |
China uses their trade surplus to buy the debt, so I don't know how much of this $700bn will end up in their hands unless the trade surplus increases.
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Freeciv Developer
Copenhagen, Denmark
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Jan 1970
time: 04:00
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quote:
Originally posted by Rufus T. Firefly
Isn't it more like China bailing out the rich? I mean, it's not like we have the $700 billion to begin with... |
I read that lots of US investors are selling stocks and buying treasuries right now, so the US might be able to raise the $700 billion from within the US.
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Deity
Lurking occasionally
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Mar 2003
time: 19:00
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This is just ****ing hilarious. It's a ****ing con. Everybody must see it. They got $700bn and that's not enough. If we don't give them more then we gave them $700bn for nothing.
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Emperor
of munchkind land
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Jun 2002
time: 03:00
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There's a lot of told ya sos.... This place is ran by a bunch of idiots. I for one will not be voting "incumbant" this November. Also, why would anyone listen to Paulson?
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Actually it seems like it'll cost no where near $700B since most banks aren't going to accept the deal, with the restrictions placed on them.
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Deity
Lurking occasionally
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Mar 2003
time: 19:00
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quote:
Originally posted by Imran Siddiqui
Actually it seems like it'll cost no where near $700B since most banks aren't going to accept the deal, with the restrictions placed on them. |
Source?
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Deity
Los Angeles, CA, USA
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Feb 1999
time: 19:00
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quote:
Originally posted by Imran Siddiqui
Actually it seems like it'll cost no where near $700B since most banks aren't going to accept the deal, with the restrictions placed on them. |
Wasn't the only restriction placed on them that they couldn't give their CEO's multi-million dollar golden parachutes?
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Co-Owner/ Administrator (Reasonable One)
Lord of the Ferrets
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Nov 1999
time: 21:00
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Cough, they're mad at Democrats also. | |
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ACK!
