[mandown]

Yeah, I wonder if the gummint is gonna relinquish ownership once the debt is repaid? A two year revolving credit facility of $85B at ~12% (Libor +8.5%) is brutal. That is $10,200,000,000 of interest alone in a year (using a simple calc, i know principal payments will tweak that number... now look who is oversimplifying).

 

[johnbryanpeters]

we all live in our own little reality distortion bubble. so I thought I'd use some visual media to help people understand what's happening:

your little corner of Arkansas may not have had the flaming hulk land on it YET, but the odds are pretty good that you may at least have some flaming wreckage in your neighborhood.

Oh, the economy!

 

[Jeremy R]

Bush say the bell outs are to help the economy. But, did any of the people get to kept there houses or did the banks on wall street get to kept there money

One day I sat my cat on my keyboard and tickled it for 30 seconds.
What he typed made more sense than this.

 

[pigboy]

Oh, the economy!

JBP nails the three pointer at the buzzer!!!!!

 

[pigboy]

One day I sat my cat on my keyboard and tickled it for 30 seconds.
What he typed made more sense than this.

now now. let's not make fun of people who have serious questions.

Answer: the American taxpayer is going to pay for this mess. many people will lose their homes that they couldn't afford in the first place. the executives of the banks will all remain rich and very few, if any of them, will go to jail.

 

[SkaredShtles]

<snip>
Answer: the American taxpayer is going to pay for this mess. many people will lose their homes that they couldn't afford in the first place. the executives of the banks will all remain rich and very few, if any of them, will go to jail.

I fail to see how this is the calamity that some are making it out to be. IME people who couldn't afford their houses were DESTINED to lose them, no?

 

[johnbryanpeters]

The only calamity piece of it is that a whole bunch of executives aren't being set out on the street butt naked with no assets but an empty coffee cup to beg with. Fvcking bandits and scam artists.

 

[KOReric]

banks were giving loans with sub prime mortgage so they could get paid. some loans were to illegal aliens knowing they couldnt afford them but get paid anyway.

 

[IH8Rice]

I fail to see how this is the calamity that some are making it out to be. IME people who couldn't afford their houses were DESTINED to lose them, no?

exactly..and those stupid enough to go w/ a variable rate w/ no money in their pockets got the inevitable.

 

[pigboy]

exactly..and those stupid enough to go w/ a variable rate w/ no money in their pockets got the inevitable.

but when are the public beatings of the executives, government "regulators" and other people who profited from this while knowing that there was going to be an ugly train wreck at the back end?

i'd actually bend my "i'll never do pay-per-view" rule to watch several hours of that on television.

 

[maddog17]

so does this mean i can get some free Man U stuff since AIG is the title sponser?

 

[SkaredShtles]

so does this mean i can get some free Man U stuff since AIG is the title sponser?

I'd just settle for a few bushel baskets full of $100 bills.

 

[pigboy]

I'd just settle for a few bushel baskets full of $100 bills.

if they can keep printing money then I can begin marketing my "bushel basket" wallets.

:biggrin:

 

[johnbryanpeters]

if they can keep printing money then I can begin marketing my "bushel basket" wallets.

:biggrin:

Ha. I out-market you with my patented surgical technique to install zippered pockets in yr butt cheeks so you can stuff all the money in your yaz yaz yaz.

 

[Jim Mac]

you support the irish republican army?

not me, but grandfather on Mo's side was involved in some sort of, err, ambush involving some English officers back on the island...