[Ache]

http://news.bbc.co.uk/2/hi/7624482.stm

US officials say they will hammer out a "comprehensive" plan to ease what has become a global financial crisis.

[phaeryen]

how about slashing the military spending to a quarter of its current form and end with all this world hegemony business? seems like all that money hasnt bought you an army worth mentioning anyway, given that simple commoner folk can win with a bunch of AK-47's, camels and explosives.

[The_Virginian]

[Jotapay]

Yay! I'm super-glad I did all those things so I dont have to depend on the Fed now! Or I'd be screwed!

[Gerben]

Thank you US tax payers. Now how are you going to pay for all this?

[FreedomSlave]

"This agression will NOT stand!"

(Does that belong in the Dude thread, or here?)

[smallpoxgirl]

Thank you US tax payers. Now how are you going to pay for all this?

We aren't going to pay for it. We're just trying to buy time.

[wisconsin_cur]

Thank you US tax payers. Now how are you going to pay for all this?

We are not...

the rest of the world will...

they said so on the news tonight...

"the USA is too big to fail"



That should help for a short while...

right?

tell me that it is right... please?

[johhnytrash]

The way I see it, big finance overextended and is now falling apart. (AKA. 'f'-ed up.) So to keep their system from falling apart, the government is going to bail banks out. A system, BTW, that makes them rich and me poor.

So these buttfaces take a risk, and if it succeeds, they get the cash, and if it fails, the taxpayers cover the loss.

I want these CEOs of these failing banks to pay me the money I'm going to pay in taxes for their 'f'-ups. My tax money is going to cover their loss, while they walk away with millions in severance money.

THIS is republican deregulation at your service, and the taxpayer is getting screwed, money that could have gone to schools, or the power grid is going to pay for debt we accumulated to pay for their failure.

Why do people vote republican again? I can't figure it out. At least libertarians would let these banks fail.

[Pretorian]

Why do people vote republican again?

Do you really think there is a difference ?

[pup55]

taxpayers cover the loss

the taxpayer is getting screwed,

Nope. Every dime of this is borrowed. Your grandchildren are getting screwed.

http://www.peakoil.com/fortopic45457.html

[sittinguy]

I can't even think of what to say, my head is on fire. Where can I find PCGS graded silver bullets?

[mos6507]

I want these CEOs of these failing banks to pay me the money I'm going to pay in taxes for their 'f'-ups. My tax money is going to cover their loss, while they walk away with millions in severance money.

What about the equal participation of all those housing gamblers who bought houses they couldn't afford? Don't just let them off the hook so easily.

[weirdo8778]

this makes me sick. These 2 companies were very short sighted. They go bankrupt because of it. I say let them go out of business, they should not count on a government bailout. Do you know how much 85 billion is. Than on top of that now the government wants to take over all banks debt. Sorry when im pissed I am bad at responding.

[johhnytrash]

Why do people vote republican again?

Do you really think there is a difference ?

Between Republicans and Democrats? No.

Between Capitalists and Socialists? Yes.

[johhnytrash]

I want these CEOs of these failing banks to pay me the money I'm going to pay in taxes for their 'f'-ups. My tax money is going to cover their loss, while they walk away with millions in severance money.

What about the equal participation of all those housing gamblers who bought houses they couldn't afford? Don't just let them off the hook so easily.

I'm not. All my friends bought a house in the last decade, and when I said 'I can't afford it.' they said things like 'they are giving them away!' And thought I was somehow backwards. Now that they they owe more then the house is worth, I'm unsympathetic.

It's the hypocrisy I can't stand. If you want free market capitalism, have it, and when you grasp for too much and the system crumbles at your feet, tough sh!t. You crapped in that bed, you have to sleep in it. What I can't stand is when they are making money, and making it in TRUCKLOADS, I'm getting hosed by them diminishing opportunity for me by moving jobs away from my country. And when their business falls apart, I'm footing the bill for their debt, once again diminishing my opportunity because my tax money that would have been able to pay for, say an electricity infrastructure able to handle wind power, will instead go to their debt that they dumped on the U.S. Government.

I don't know what The Owners of this country are thinking, if this keeps up, people are eventually going be done with it and they are going to have mass civil disobedience on their hands.

[pup55]

mass civil disobedience on their hands.

Unfortunately, the media and people in general will look at this as wonderful news, they have put the defibrillator on the stock market, all is well.

That's because no one is talking about where this money is coming from.

So, stupidly, it is much more likely to have dancing in the streets and confetti right now, until it is time for the bills to be paid, much later on.

Some really hard questions of accountability need to be asked. No one is asking them. What stops this group from going back to work next week, or next year, or in 10 years, and repeating the fiasco?

[TommyJefferson]

...people are eventually going be done with it and they are going to have mass civil disobedience on their hands.

I generally abhor political violence, but the idea of the east coast financial elite deploying National Guard troops outside their mansions to hold back masses of enraged citizens does have a certain dark appeal to me.