bailout hearings continue

[glovesetc]

and it seems that this is going nowhere fast - which is good . Why we { the taxpayer} would want to buy illiquid assets the banks can not sell is beyond me . The banks , brokers , and etc have by now tried everywhere to unload them and have been unsuccessful . They have offered them for next to nothing and had no buyers . Why should the government buy them ??? If the economy crashes so be it . Our forefathers survived the depression so we can survive this as well . There is no reason to throw good money after bad . They now want to include cars , trucks , motorcycles,student loans , small businesses , all along with housing . This is sheer lunacy folks! When a car gets repo'd ask any banker and they will all tell you they are a mess. The bank repos a car with a $12,000.00 note on it and the car is 4 years old . In excellent condition with low mileage it might be worth $6,000.00 max ! Now since the people knew it was going to be repo'd they did not fix things , no reg maintenance done , and a couple dents and scratches that were never fixed. Tranny is slipping and a slight knock in the engine and you have a car worth max $1,000.00 maybe . You repo it which costs $200.00 and then you store it somewhere at $100.00 a month and you have nothing left over . Same with houses- they are all stripped or a lot of them are anyhow! This bail out is a joke and if the people are too stupid to see that and inundate their leaders they deserve it right up the rear with a sandpaper condom and no K-Y jelly ! Is the american public that stupid , uneducated , and illiterate on economics ? If so you all need to go back to school and learn something .

[cardcounter0]

Is the american public that stupid , uneducated , and illiterate on economics ?

Why are you limiting the question to just economics? We are talking about the same public that re-elected Bush.

[glovesetc]

because I am apolitical and an independent voter . I never do politics - just a preference my friend .

[Brock Windsor]

Gloves you hit it. I don't know why it took this long to question the bailout, I fail to see the economic sense behind it. The only thought Im tinkering with is that the big players already have a big plan to devalue the US dollar or they know that shortly they won't be able to stop it from a big devaluation, so that they'll be paying back this 700BN addition to the national debt at a huge discount to foreign central banks like China and the ECB. Sounds like a zg conspiracy but it's all I got.
BW

[Brutus]

Originally Posted by glovesetc

Our forefathers survived the depression so we can survive this as well . There is no reason to throw good money after bad .

amen brotha gloves !

fix a broken down used car for twice what its worth, or buy a new one?

throw the rascals out. it will be cheaper in the long and short.

[glovesetc]

See evrybody only thinks I can pick football I guess but lately I have been posting some great threads and I hope they sink in to the numb nuts out there who are totally clueless as well . Tough trying to educate people and remember- NEVER ARGUE WITH A MORON CAUSE THEY DRAG YOU DOWN TO THEIR LEVEL AND THEN BEAT YOU WITH EXPERIENCE !!!!!!LMAO:cool 2:

[glovesetc]

wants to unload a non performing Buggy Whip manufacturer on the treasury!!! Wonder how long they will have to hold that to reach maturity - LMAO

[aslan]

I wrote my rep and two senators asking them not to support the bailout. I wrote Bush telling him I was sorry he supported the bailout. Wish there was something more I could do. Like I told them, I'd rather live through a depression than reward those crooks for getting us into this mess.

http://www.blackjackinfo.com/bb/showthread.php?t=11617

[Brutus]

Originally Posted by glovesetc

wants to unload a non performing Buggy Whip manufacturer on the treasury!!! Wonder how long they will have to hold that to reach maturity - LMAO

the whips should be allocated to anyone who wants to publicly whip these a-holes that got us into this mess. filmed by the news channels.

anyone else wanna crack the whip over their backs?

[zengrifter]

Originally Posted by aslan

I wrote my rep and two senators asking them not to support the bailout. I wrote Bush telling him I was sorry he supported the bailout. Wish there was something more I could do. Like I told them, I'd rather live through a depression than reward those crooks for getting us into this mess.

http://www.blackjackinfo.com/bb/showthread.php?t=11617

See - Ron Paul Smacks Down the "Bailout"