Bye Bye Banks and Wall Street

Ghoulish Delight · 09-25-2008, 07:28 AM

What the hell?!

Deal said near on bailout.

God I hate Congress. HATE. There seems to be the belief that asking aggressive questions is good enough opposition to things. Sit in front of the TV cameras, talk tough, and then go ahead and vote for whatever it is you were just railing against anyway.

There is no way that the bailout plan was fixed in a day with a few little compromises. It was lightyears away from something that isn't just throwing good money after bad. I know there was no way they were going to follow my advice (jerks didn't even ask) and just leave the dummies who lost their money to their fate, but I had hoped they'd stand by the outrage they showed publicly and not let themselves get bullied into some rush job by the President.

But here we go. Several hundred billion dollars being handed to people who've already gambled and lost, followed by countless foreclosed homes that the government's just going to hang onto to avoid depressing housing prices. Executives will have the chance to get multimillion dollar compensation packages and the financial industry will have learned the valuable lesson that they can play these ridiculous paper games, inflate bad investments, and the government will come charging in and clean up their mess.

I guess the only hope is that the analysts are right and that the restrictions on executive compensation will make most banks hesitant to take advantage of the dela and it just fizzles anyway.

innerSpaceman · 09-25-2008, 01:00 PM

Quote:

Originally Posted by Ghoulish Delight

God I hate Congress. HATE.

I think I'll watch Mars Attacks! tonight just to see that scene where the Martians destroy Congress and Silvia Sydney cackles in glee.

bewitched · 09-25-2008, 03:22 PM

Geez, having not read (in detail) the conservative Republicans' proposal...I think I might actually agree with them.

Will someone please hold my hand? I'm scared.

innerSpaceman · 09-25-2008, 07:03 PM

The deal announced early today Falls Apart This Evening.

Good.

Unfortunately, it won't completely fall apart. For once, I applaud conservatives in Congress, those who are balking at government interference in private business.

I'm sorry for all the people who were suckered into mortgages they could not afford to pay, and for people who invested with institutions that liked to gamble dangerously with their money. Sorry, but why should I pay to bail the likes of you out? I didn't buy a house I couldn't afford. I didn't have my money invested with charletans. Dems da breaks.

As for the cascading chain reaction of doom ... well, if that's what's to come, then why try putting our fingers in the breaking dam? I hope the so-called deal goes nowhere and we let the chips fall where they may.

It's easy for me to say, because I'm not a gambling man. This is why.

If there were no way of losing, I would have played along all this time.

09-25-2008, 07:28 AM	#1
Ghoulish Delight I Floop the Pig Join Date: Jan 2005 Location: Alternative Swankstyle Posts: 19,348	What the hell?! Deal said near on bailout. God I hate Congress. HATE. There seems to be the belief that asking aggressive questions is good enough opposition to things. Sit in front of the TV cameras, talk tough, and then go ahead and vote for whatever it is you were just railing against anyway. There is no way that the bailout plan was fixed in a day with a few little compromises. It was lightyears away from something that isn't just throwing good money after bad. I know there was no way they were going to follow my advice (jerks didn't even ask) and just leave the dummies who lost their money to their fate, but I had hoped they'd stand by the outrage they showed publicly and not let themselves get bullied into some rush job by the President. But here we go. Several hundred billion dollars being handed to people who've already gambled and lost, followed by countless foreclosed homes that the government's just going to hang onto to avoid depressing housing prices. Executives will have the chance to get multimillion dollar compensation packages and the financial industry will have learned the valuable lesson that they can play these ridiculous paper games, inflate bad investments, and the government will come charging in and clean up their mess. I guess the only hope is that the analysts are right and that the restrictions on executive compensation will make most banks hesitant to take advantage of the dela and it just fizzles anyway. __________________ 'He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me.' -TJ
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09-25-2008, 03:22 PM	#3
bewitched 101% Yummy! Join Date: Apr 2005 Location: I know Kung Fu. Posts: 1,413	Geez, having not read (in detail) the conservative Republicans' proposal...I think I might actually agree with them. Will someone please hold my hand? I'm scared. __________________ ~Whitney Wondering about the future of Ellington Woodard's punk@ss sh!t.
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09-25-2008, 07:03 PM	#4
innerSpaceman Kink of Swank Join Date: Jan 2005 Location: Inner Space Posts: 13,075	The deal announced early today Falls Apart This Evening. Good. Unfortunately, it won't completely fall apart. For once, I applaud conservatives in Congress, those who are balking at government interference in private business. I'm sorry for all the people who were suckered into mortgages they could not afford to pay, and for people who invested with institutions that liked to gamble dangerously with their money. Sorry, but why should I pay to bail the likes of you out? I didn't buy a house I couldn't afford. I didn't have my money invested with charletans. Dems da breaks. As for the cascading chain reaction of doom ... well, if that's what's to come, then why try putting our fingers in the breaking dam? I hope the so-called deal goes nowhere and we let the chips fall where they may. It's easy for me to say, because I'm not a gambling man. This is why. If there were no way of losing, I would have played along all this time.
	Submit to Quotes