What are your views on the Bailout? - Printable Version
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What are your views on the Bailout? - Anhil8tor - 10-07-2008
Bill Wrote:he probably doesn't even know that they shut down wall street if it drops 1200 points in any one day.
Thats funny you type that... I talked to my agent Thursday and my portfolio was down $1,200 Thursday... Wonder how much I lost today.
What are your views on the Bailout? - BIRD33 - 10-07-2008
Look at me, i'm a big timer!!!!!!!!!!
What are your views on the Bailout? - Anhil8tor - 10-07-2008
BIRD33 Wrote:Look at me, i'm a big timer!!!!!!!!!!
I forgot a zero
.... I'm not the big time here.. Flump is. I just take care of my money because I'm an idiot.
What are your views on the Bailout? - Flumper Barflusterbutt - 10-07-2008
Who exactly did they bailout anyway? DJIA down another $400 + today?
What are your views on the Bailout? - BIRD33 - 10-07-2008
How about Cramer saying to pull your money out if you need it within the next 5 years.Thats some scary shit.
What are your views on the Bailout? - BIRD33 - 10-08-2008
8 what is your thinking on Mccains plan to buy all the "bad" home mortgages so people who bought houses they can't afford can stay in them?Seems more like socialism than anything Obama has proposed.Why don't I go out and buy a house ridiculously over my price range and get the government to pay for it?
What are your views on the Bailout? - Anhil8tor - 10-08-2008
I think McCain has lost my vote. I'm not enamored with Obama like some and I don't like his idea of increasing taxes on the top level earners... but McCain looks and sounds absolutely terrible.
What are your views on the Bailout? - BIRD33 - 10-08-2008
I'm actually going to be pissed if that goes through.I make a decision to not live above my means and other people get free houses because they are fucking stupid?
What are your views on the Bailout? - Flumper Barflusterbutt - 10-08-2008
BIRD33 Wrote:8 what is your thinking on Mccains plan to buy all the "bad" home mortgages so people who bought houses they can't afford can stay in them?Seems more like socialism than anything Obama has proposed.Why don't I go out and buy a house ridiculously over my price range and get the government to pay for it?
I think its ridiculous. I can't even imagine the bureaucracy and corruption that would come out of something like that. Its hard enough for the county appraisal districts to get home values close on the tax rolls, and that is just so they can tax a small percentage of the value they come up with. If getting your home value adjusted from $250,000 to $200,000 puts $50,000 back in your pocket, then people would be going apeshit fighting those valuations.
And then where do you stop. Once you start adjusting home values down, it affects other homes that were already bought and paid for. Now, the guy that doesn't have a loan and paid his house off, has a house worth much less. How does he know its worth less? Because the government and their adjusters decided it was. He has no say in it.
That would be the most chaotic mess ever attempted. But it would produce jobs. Lots of appraisers and lawyers and police to keep people from killing each other.
What are your views on the Bailout? - BIRD33 - 10-08-2008
Flumper Barflusterbutt Wrote:I think its ridiculous. I can't even imagine the bureaucracy and corruption that would come out of something like that. Its hard enough for the county appraisal districts to get home values close on the tax rolls, and that is just so they can tax a small percentage of the value they come up with. If getting your home value adjusted from $250,000 to $200,000 puts $50,000 back in your pocket, then people would be going apeshit fighting those valuations.
And then where do you stop. Once you start adjusting home values down, it affects other homes that were already bought and paid for. Now, the guy that doesn't have a loan and paid his house off, has a house worth much less. How does he know its worth less? Because the government and their adjusters decided it was. He has no say in it.
That would be the most chaotic mess ever attempted. But it would produce jobs. Lots of appraisers and lawyers and police to keep people from killing each other.
I don't think its got a prayer of happening.It was a last ditch effort to get the election swung back his way by basically giving people almost free houses.Imagine your living in a neighborhood and you worked hard to pay off your mortgage and the guy across the street is fighting to devalue his home because he's an asshole so your home value plummets because of his mistake.Its an absolutely crazy plan that would be impossible to pull off.The fact that Mccain admits he's no economy expert and thinks he can convince people this is smart is ridiculous.
What are your views on the Bailout? - snarg - 10-08-2008
when i was a kid (a long time ago, granted) a balck family moved into the neighborhood
several families moved away
the land values went down, temporarily, but soon came back to their real value
it is not just 8 who is stupit
the plan you speak of is a travesty, equivalent with attacking a sovereign nation to impose our will
i have a feeling stupit people are proposing it
people who have decided to live beyond their means should not be rewarded, full stop
What are your views on the Bailout? - BIRD33 - 11-13-2008
Who here likes the idea of bailing out the Auto Industry?Does GM deserve to be saved for basically the sake of the jobs they provide to Americans?Does anyone actually believe that American cars will eventually be the best made cars in the world?If we bail them out now will they never need saving again?
What are your views on the Bailout? - CT280 - 11-13-2008
fuck them. fuck the industry. this country hasnt bottomed out yet economically, and it has to. lets bail out an industry that failed to makes changes when they needed to, went to their knees in front of the unions, and basically got fat for years and now the market has determined their products arent filling its needs.
What are your views on the Bailout? - BIRD33 - 11-13-2008
I agree.We make an inferior product that costs more to build.It seems like simple economics to me but the whole state of Michigan would be fucked.I think we just have to suck it up and let them go down like flumpers mother behind a gas station.It's going to happen eventually anyway.
What are your views on the Bailout? - CT280 - 11-13-2008
im all for annexing the commonwealth of michigan to canada.
What are your views on the Bailout? - Banana - 11-13-2008
CT280 Wrote:im all for annexing the commonwealth of michigan to canada.
Only in trade (tarde?) for Quebec.
What are your views on the Bailout? - Flumper Barflusterbutt - 11-13-2008
BIRD33 Wrote:go down like flumpers mother behind a gas station.It's going to happen eventually anyway.
I'll bet you wouldn't say that to her face, boy.
What are your views on the Bailout? - Flumper Barflusterbutt - 11-13-2008
CT280 Wrote:im all for annexing the commonwealth of michigan to canada.
Maybe that's what the are shooting for. Purposely making an inferior product so that we will ship them off to Canada so they can get free health care. Fuck 'em. I say we make them live here and suffer like the rest of us.
What are your views on the Bailout? - CT280 - 11-13-2008
Banana Wrote:Only in trade (tarde?) for Quebec.
god damn it.
What are your views on the Bailout? - Banana - 11-13-2008
CT280 Wrote:god damn it.
It's not that bad. You get liberal sex fiends who are dumb as fuck and will fuck anything, but smoke while they are doing it.