You might want to take that back.EnergyUnlimited wrote:I think, taxpayers will pay. What else they can do? We shall see on Monday.
Specop_007 wrote:drgoodword wrote:Heineken wrote:Yeah, that says it all, Ludi.
The bigwigs running these bankrupt companies even get to keep their bloated compensation packages.
Socialism for the rich. That's what we have.
And the poor average dummies out there with the flag stickers on their cars play right along.
Another +1
The greatest propaganda coup ever accomplished is by the American establishment in convincing America's working class to support corporate welfare without question while simultaneously despising social welfare. Edward L. Bernays would be proud. (And Goebbels would be jealous.)
Say WHA?
I dont know ANY "We thepeople" who are happy with these bailouts and handouts!
cube wrote:You might want to take that back.EnergyUnlimited wrote:I think, taxpayers will pay. What else they can do? We shall see on Monday.
The current news reports seems to suggest otherwise.
It's quite popular to go on a rantfest these days about big business getting a tax payer bailout however that's not always true.
The government does not bailout everybody.
There were many companies that fell into the "too big to fail" category that went belly up.
remember "Pan Am" back in the days?
I have to warn you I'm only right 50% of the time.EnergyUnlimited wrote:...
Again, I would love to find out you to be correct. Time will show....
Hmmm this is just as likely to be a negotiating tactic as the bankers will be turning up to the negotiations with eyes glittering at the thought of more goodies from the public purse.Cid_Yama wrote:Treasury Secretary Henry Paulson is against any use of government money to bail out Lehman Brothers Holdings Inc., a person familiar with his thinking said Friday.
dorlomin wrote:Hmmm this is just as likely to be a negotiating tactic as the bankers will be turning up to the negotiations with eyes glittering at the thought of more goodies from the public purse.Cid_Yama wrote:Treasury Secretary Henry Paulson is against any use of government money to bail out Lehman Brothers Holdings Inc., a person familiar with his thinking said Friday.
Many people are saying that Lehman is a much better buy than Bear was. We shall see what the weekend brings.
EnergyUnlimited wrote:There is no wealth to redistribute left. Most of that what we are calling "wealth" now will fall into disrepair and ultimate ruin within several decades.
Mansions, SUVs, private jets, road network, cities, you name it...
cube wrote:I disagree with Ludi about gardening.yeahbut wrote:Jotapay wrote:She believes in an idyllic Shangri-La.
I'm guessing you haven't read too many of Ludi's posts. Probably should tho, before you let everyone know what someone else believes, doncha think? Off you go then, and bring us back some of those Shangri-La quotes.
However I think she's one of the most respectable people on this board.
I think the most common action people will take post PO to save money is cooking at home rather then going out to a restaurant.
The price differential between restaurant food and home cooked food is huge.
You can eat for $2.50 / meal at home with what it would cost $10 at a restaurant.
However the price difference between going to a grocery store and growing your own vegetable garden (water, fertilizer,labor) is literally zero.
This is why I never understood why so many people are pro-gardening on this board.
I'd rather get a job as a security guard working the graveyard shift patrolling copper pipes in a post PO world and then using my money to buy a sack of potatos at a grocery store then growing a garden.
The problem with agriculture is you're only one flood, drought, tornado, *insert natural disaster* away from bankruptcy.
No thanks. If I'm going to accept that type of risk, I might as well become a day-trader (easier work / better pay).
It is now clear that we are again – as we were in mid- March at the time of the Bear Stearns collapse – an epsilon away from a generalized run on most of the shadow banking system, especially the other major independent broker dealers (Lehman, Merrill Lynch, Morgan Stanley, Goldman Sachs). If Lehman does not find a buyer over the weekend and the counterparties of Lehman withdraw their credit lines on Monday (as they all will in the absence of a deal) you will have not only a collapse of Lehman but also the beginning of a run on the other independent broker dealers (Merrill Lynch first but also in sequence Goldman Sachs and Morgan Stanley and possibly even those broker dealers that are part of a larger commercial bank, I.e. JP Morgan and Citigroup). Then this run would lead to a massive systemic meltdown of the financial system. That is the reason why the Fed has convened in emergency meetings the heads of all major Wall Street firms on Friday and again today to convince them not to pull the plug on Lehman and maintain their exposure to this distressed broker dealer.
Let me elaborate in much detail on these issues…
seahorse2 wrote:The sheeple got "sidetracked" by that mere Cat 2 Hurricane Ike in the Gulf, when there is a Cat 10 financial hurricane hitting NY as we speak.
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