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roccman
Fusion
Joined: Apr 27, 2007
Posts: 4262
Location: The Great Sonoran Desert
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 Posted: Mon Jul 07, 2008 4:35 pm Post subject: FDIC-lite |
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Welcome to the Thought Ministry...
TF
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"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
We are going back to roccland - me |
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threadbear
Expert
Joined: Jan 22, 2005
Posts: 7137
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| Posted: Mon Jul 07, 2008 4:41 pm Post subject: Re: FDIC-lite |
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| roccman wrote: | Welcome to the Thought Ministry...
TF |
Interesting Roccman. BTW, have you taken a look at EliteTrader? They have some great converstion going, it seems to me. |
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DantesPeak
Expert
Joined: Oct 23, 2004
Posts: 5415
Location: New Jersey
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| Posted: Mon Jul 07, 2008 4:58 pm Post subject: Re: FDIC-lite |
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Yes, the FDIC has a bit of a problem, along with the Federal Home Loan Bank Board - who lent them billions.
US citizens will be paying for this, what ever they call it when its over. TPTB are mistaken if they can keep the banking collapse hidden until after the elections.
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It's already over, now it's just a matter of adjusting. |
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smallpoxgirl
Moderator
Joined: Nov 08, 2004
Posts: 5165
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| Posted: Mon Jul 07, 2008 6:05 pm Post subject: Re: FDIC-lite |
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| DantesPeak wrote: | | US citizens will be paying for this, what ever they call it when its over. |
Yeah, but this whole mess started because the US citizens couldn't afford their mortgage payments. Maybe we can get the Chinese to spot us a few more billion. 
_________________
"I was born in a deep forest
I wish I could live here all my life
I am made from stones and roots
My home, these woods and roads
All my life I loved this sound
Of the woods all around
Eagles fly where the winds blow free" -Korpiklaani |
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heroineworshipper
Intermediate Crude
Joined: Jul 14, 2006
Posts: 541
Location: Calif*
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| Posted: Mon Jul 07, 2008 6:44 pm Post subject: Re: FDIC-lite |
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PeopleSoft CEO's $800 million mansion is losing value. You taxpayers are going to pay for this.
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People first, then things, then dollars.
There will be enslavement & cannibalism. |
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roccman
Fusion
Joined: Apr 27, 2007
Posts: 4262
Location: The Great Sonoran Desert
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| Posted: Mon Jul 07, 2008 7:13 pm Post subject: Re: FDIC-lite |
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| smallpoxgirl wrote: | | DantesPeak wrote: | | US citizens will be paying for this, what ever they call it when its over. |
Yeah, but this whole mess started because the US citizens couldn't afford their mortgage payments. Maybe we can get the Chinese to spot us a few more billion. |
Slight reword:
| Quote: | Yeah, but this whole mess started because the US citizens couldn't afford their mortgage payments were given mortgages they could not afford. Maybe we can get the Chinese to spot us a few more billion. |
Live fast and loose...die hard.
_________________
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
We are going back to roccland - me |
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heroineworshipper
Intermediate Crude
Joined: Jul 14, 2006
Posts: 541
Location: Calif*
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| Posted: Mon Jul 07, 2008 11:47 pm Post subject: Re: FDIC-lite |
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Another reword:
This whole mess started because the taxpayers couldn't afford to subsidize the debt of the rich. But they will. One way or another.
_________________
People first, then things, then dollars.
There will be enslavement & cannibalism. |
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basil_hayden
Intermediate Crude
Joined: Aug 08, 2005
Posts: 892
Location: CT, USA
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| Posted: Tue Jul 08, 2008 10:15 am Post subject: Re: FDIC-lite |
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I'm befuddled by the fact that I struggle to afford a meager American lifestyle, yet apparently I can also behind the scenes pay for everyone else's mac daddy phat lifestyle.
Damn I must be good. |
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TommyJefferson
Light Sweet Crude
Joined: Aug 19, 2004
Posts: 1662
Location: Republic of Texas
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| Posted: Tue Jul 08, 2008 9:21 pm Post subject: Re: FDIC-lite |
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| basil_hayden wrote: | | I'm befuddled by the fact that I struggle to afford a meager American lifestyle, yet apparently I can also behind the scenes pay for everyone else's mac daddy phat lifestyle. |
It's called socialism.
You're soaking in it.
When a system is set up to forcibly redistribute wealth under the pretense of "the public good", the people who control the system make out like bandits.
No surprise there.
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Conform . Consume . Obey . |
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