09-29-2008, 08:51 PM | #21 | |
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Quote:
TWISM!
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09-29-2008, 09:15 PM | #22 |
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Ernie Johnson: "Auburn is a pretty good school. To graduate from there I suppose you really need to work hard and put forth maximum effort." Charles Barkley: "20 pts and 10 rebounds will get you through also!" |
09-29-2008, 09:16 PM | #23 |
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yep.
I still think the ramifications of this situation, either with or without a bailout, are more far-reaching than any of us can predict. I honestly don't even think the "experts" can predict what will become of this mess. |
09-29-2008, 09:22 PM | #24 |
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So then why give them $700 billion?
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Interrupt all you like. We're involved in a complicated story here, and not everything is quite what it seems to be. —Paul Auster |
09-29-2008, 09:23 PM | #25 |
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the difference here is that one side (the anti-bailout side) is saying "we don't know what will happen", while the pro-bailout side is saying "we know exactly what is needed, and what is going to happen."
Sometimes ignorance is evidence of intellectual honesty. |
09-29-2008, 09:23 PM | #26 |
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09-29-2008, 09:24 PM | #27 |
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I agree. Very scary times. I'm sure you'll see lines of credit shrink. Think about what could happen if all of a sudden small companies or individuals will be maxed out because their limits will be reigned in. Their credit will be damaged for carrying too high a balance and probably will have no cash or liquid assets to pay these down right away leading to numerous bankruptcies, unemployment, foreclosures, and the failure of more financial institutions.
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Ernie Johnson: "Auburn is a pretty good school. To graduate from there I suppose you really need to work hard and put forth maximum effort." Charles Barkley: "20 pts and 10 rebounds will get you through also!" |
09-29-2008, 09:26 PM | #28 | |
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Instead of the problem being that they can't increase that credit card debt. |
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09-29-2008, 10:01 PM | #29 | |
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We've been paying those fat cats tens of millions of dollars a year of borrowed money. They were churning, generating short term paper gains to justify their (cash) bonuses, not caring about consequences tomorrow. Generating transactions is all they cared about because that's how they got paid. Have you ever heard of baseball baptisms? That's what this was like, to a tee.
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Interrupt all you like. We're involved in a complicated story here, and not everything is quite what it seems to be. —Paul Auster |
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09-29-2008, 10:11 PM | #30 |
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Shaq actually stole that from Tony Montana.
He's a bubblehead.
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