The Cellar - Does Anyone feel like Bailing

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- - Does Anyone feel like Bailing (http://cellar.org/showthread.php?t=18176)

Quote:

Originally Posted by glatt (Post 486152)

And maybe putting the CEOs in pillories on Wall Street for a day or two so we can all go by and kick them in the ass.

That means each would be paid about $100,000 per ass kick. That is a solution?

Chance are a member of his entourage will take his place anyway.

Quote:

Originally Posted by Brianna (Post 485898)

Yeah, that's what I'm talkin' 'bout. I say we string each and every one of them up in a public square, then shoot killer bees at them.

The French had a way with dealing with people like these assholes. It's called the Guillotine and they only had to use it ONCE to show the people meant business.

And these CEO's, CFO's? Why, they get to Yacht away into the sunset with a gaggle of giggling girl-mistresses and all OUR cash. VENDETTA!!! I just can't keep living like this! I want a revolution.

While I agree with you on an emotional level, the pedant in me feels obliged to point out that the French didn't just use the guillotine once. They used it again and again and again, and for more and more spurious reasons. By no means everyone who ended up sans une tête was rich, aristocratic or otherwise guilty. Once mob takes the reins everyone is in danger.

Agreed glatt, McCain has been feckless all last week.

Deregulation is excellent when done correctly, even other bank deregulation. The problem is that doing it correctly is difficult, especially when every little special interest is trying to get paid or to preserve their phoney baloney jobs.

Sure, I understand the theory that a free market is best. And I agree with it in theory. It just seems like in practice, the end result is always that a couple of huge and powerful entities end up screwing everyone else. I don't like being screwed. I think a middle ground is needed.

Quote:

Originally Posted by glatt (Post 486152)

I simply don't understand positions like yours. In the political spectrum, Hillary is much closer to Obama than to McCain. Did you support Hillary because of her politics, or for some other reason?

I supported her for the issues and I believed she could actually deliver and get something done.

Other than that I don't know. It's a conundrum and I am probably not the best person to dispel a mystery. I can tell you I have done some soul searching for deep seated feminist issues to see if I have a crooked need for a tangerine pantsuit :P

I did like Obama's interview with reporters today. I have been waiting for the debates.I wish we could have had an oportunity to see townhall debates so the remaining fence sitters would know for sure who to vote for. Things could change for me during the debates. We shall see.

I want to see them both off the cuff because these political soundbites, gaffs and talking heads don't tell me anything.

I like the prudence I saw today during the bailout hearings on both political parties.
That's all I know.

TW- Im not ignoring you. It's just that your responses to me are way over what I want to get into. Thanks tho.

[on rant] Bush lost all the debates to Kerry - They only take the main point from the typically BS question and go off on their own pre-prepared tangent stock answer anyway.

My type of "debate" would start with about 50 YES or NO only questions followed by, based upon their answers - HOW?, specifically!
It seems that we are way too accepting of this farce of an election process. It's simply all a bunch of crap. They all lie and typically the better liar wins. Non of these people truly give a shit about you, me or anyone else other than those who can get them elected. The are only interested in getting more power, position and money.

Another thought - maybe these guys could donate some of their campaign money towards the bailout. That would mean a hell of a lot more to me and show some real character and leadership than anything else they've been doing so far. [off rant]

I've read a lot of rants on this board. Rarely to I find one that so adequately sums up the feelings I have. Thanks for posting that, Classic.

Supposedly the FBI is now investigating for fraud. I would like to see just once people get their just desserts for what happened. That would be a really long list.

...and an interesting one too, I'm sure.

Quote:

Hi All,
I’m against the $85,000,000,000.00 bailout of AIG. I'm also against the $700,000,000,000++ bailout being proposed in Congress right now! Instead, I’m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.

To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+. Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up.. So divide 200 million adults 18+ into $85 billon -- that equals $425,000.00. My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.

Of course, it would NOT be tax free. So let’s assume a tax rate of 30%. Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam. But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Pay off credit card debt.
Repay college loans – what a great boost to new grads
Put away money for college – It’ll be there for Junior.
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent’s medical insurance – health care improves
Enable Deadbeat Dads to come clean – or else

Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces. If we’re going to re-distribute wealth let’s really do it...instead of trickling out a puny $1000.00 ( “vote buy” ) economic incentive that is being proposed by one of our candidates for President. If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!
As for AIG – liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up, clean it up.

Here’s my rationale. We deserve it and AIG doesn’t. Sure it’s a crazy idea that can “never work.” But can you imagine the Coast-To-Coast Block Party! How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC. And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

Ahhh...I feel so much better getting that off my chest.
Kindest personal regards,
Birk
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic

:lol2:

That's a funny e-mail, and it's probably a mistake to look at it seriously, but if you do, the major flaw is that the proposed banking bailout isn't so much a gift of free money as it is buying up a bunch of risky loans that actually have a fair chance of being paid off. Much of the $800 Billion (or whatever the figure is) stands a chance of coming back down the road. There's even a small chance that the government would eventually make money on the deal.

..and an even smaller chance that the American public would know about it.

Money coming in? Oh goody, lets think of something to spend it on... like we did with the surplus. ;)

But if there's a good chance of it being paid off, why the hell do we have to buy it?

Apparently it's not good enough to be inviting to anyone else in the market.

All I know is the impact this is having on my 401k, and if I look at the hit that it has taken and calculate my share of what this bailout will cost, the bailout is cheaper. Assuming it works.

So I'm in grudgingly in favor of the bailout. The alternative is a possible repeat of the 1930s.

But there's a problem with the math.

$85 billion / 200 million = $425/person, not $425,000.