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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Howard on April 15, 2011, 01:19:36 PM
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Why did the heads of the biggest,private investment banks have to go hat in hand to the US Gov treasury dept and Fed to get bailed out?
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Why did the heads of the biggest,private investment banks have to go hat in hand to the US Gov treasury dept and Fed to get bailed out?
Well there is the CRA, the repeal of Glass Stegal, and the list goes on.
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Why did the heads of the biggest,private investment banks have to go hat in hand to the US Gov treasury dept and Fed to get bailed out?
Ha ha ha ha ha - are you fucking kidding?
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And by the way without the private sector there would be no public sector
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Hey howard go read a book on this and get a clue.
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And by the way without the private sector there would be no public sector
My point is, that the private sector blew it and went belly up. They came begging to the US treasury to bail THEM out.
If they were so great how come they had to get help frm the GOV which they say is incompetent???wtf?
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Hey howard go read a book on this and get a clue.
I never have had a really good answer to the original question in my thread topic.
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My point is, that the private sector blew it and went belly up. They came begging to the US treasury to bail THEM out.
If they were so great how come they had to get help frm the GOV which they say is incompetent???wtf?
I didnt know the banks were the whole private sector.
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My point is, that the private sector blew it and went belly up. They came begging to the US treasury to bail THEM out.
If they were so great how come they had to get help frm the GOV which they say is incompetent???wtf?
Perhaps you should look at what the government forced the private sector to do, as far as loaning money fannie/freddy. It all becomes clear that the private sector was regulated/forced in to shit business practice.
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I never have had a really good answer to the original question in my thread topic.
Because your premise is ludicrous.
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Perhaps you should look at what the government forced the private sector to do, as far as loaning money fannie/freddy. It all becomes clear that the private sector was regulated/forced in to shit business practice.
Too much regulation was the problem of the credit default meltdown? Really?
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Too much regulation was the problem of the credit default meltdown? Really?
Banks forced into giving loans to people who would not/could not repay them. The repeal of Glass/Steagal opens the door for the banks to be able to package worthless mortgages into securities.
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thraed of the week right here :)
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thraed of the week right here :)
Hey 240 - did it dawn on youthat without the abiliy to print money or tax the shit our of people - the govt would long be bankrupt?
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Banks forced into giving loans to people who would not/could not repay them. The repeal of Glass/Steagal opens the door for the banks to be able to package worthless mortgages into securities.
Come on they werent forced to do anything. They were gready fuckers.
But thats humans. Thats why no government or coorporation or bank should get to big.
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Come on they werent forced to do anything. They were gready fuckers.
But thats humans. Thats why no government or coorporation or bank should get to big.
Dude look at the CRA and see if they were forced, hell Obama was an ACORN goon
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Dude look at the CRA and see if they were forced, hell Obama was an ACORN goon
Everybody thought the economy would go up and up and everyone was on board.
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Why did the heads of the biggest,private investment banks have to go hat in hand to the US Gov treasury dept and Fed to get bailed out?
actually it was the govt that proped them up b.c they didnt want them to fail...
some regulation is a good thing it presents an equal playing field and helps prevent obvious unwanted actions. The problem is that by doing so they generally promote MANY MANY more unwanted actions.
Glass Steagal being repealed was a major step in the cause of the melt down...guess who did that? the govt
also I dont see how you can equate the entire private sector to one industry within it, please explain that logic to us?
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have to go hat in hand to the US Gov treasury dept and Fed ?
LMAO!
Howard, Howard, Howard, you see, this is where you make the mistake.
They didnt come out with hat in hand, they came out with a gun in hand. BIG difference.
Just who do you think is really running this show?
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Ha ha ha ha ha - are you fucking kidding?
The country has a loooooooooog way to go man.
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Hey 240 - did it dawn on youthat without the abiliy to print money or tax the shit our of people - the govt would long be bankrupt?
LOL! Says the guy who waited until nov 2008 to buy his guns and prep his SHTF bag!
Homie, I been crazier longer than you have! haha
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LOL! Says the guy who waited until nov 2008 to buy his guns and prep his SHTF bag!
Homie, I been crazier longer than you have! haha
aint that the truth
but you didnt answer the question AS FUKING ALWAYS!!!!!!
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Not true at all.
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Why did the heads of the biggest,private investment banks have to go hat in hand to the US Gov treasury dept and Fed to get bailed out?
Are you serious?
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Many did not want the money and paulson forced it on them.
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The problem is gov't getting in bed with certain elements of the private sector like Goldman Sachs, Fannie/Freddie, etc. I believe our last three or four treasury secretaries were previously employed at Goldman. Then gov't engineers a crisis and selectively chooses who and who not to bail out.
Bottom line, government uses other people's wealth and creates nothing, private sector creates wealth and gets it stolen by the government via unconstitutional taxes.
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Many did not want the money and paulson forced it on them.
Again..are you serious?
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Yes. Read something on this for gods sake.
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All i know is i wished we had let them fail and taken the hit then.
Im sick of our tax dollars being used on well.. i have no fucking idea anymore. Keeping billion dollar companies from failing? Paying for a huge government to run around doing dick? Bombing countries im never gonna visit? Be a good american and pay your taxes while the rich laughs at us....etc etc..im out
Meltdown meltdown cant compute...