Bailout bill fails

[SCUDSBROTHER]

Originally Posted by dalakhani

Who do you think gave out the loans that are going bad?

Whoever made the mortgage loan, or whoever now owns it, should sell the asset the loan was made for. This whole bulls-h-i-t you're purveying is disgusting. You don't want any blame on your greedy industry that caused this. You just want a fix. Take taxpayer money, and somehow it will fix something. Well, it won't. Not unless you change the people involved with making the loans. The same people that Lehman Bros. gave 2.5 billion to out the door.

[dalakhani]

Originally Posted by SCUDSBROTHER

Whoever made the mortgage loan, or whoever now owns it, should sell the asset the loan was made for. This whole bulls-h-i-t you're purveying is disgusting. You don't want any blame on your greedy industry that caused this. You just want a fix. Take taxpayer money, and somehow it will fix something. Well, it won't. Not unless you change the people involved with making the loans. The same people that Lehman Bros. gave 2.5 billion to out the door.

Are you getting defensive because you dont know what you are talking about? Before taking such a stance, it would be wise to understand the subject. Its clear that you don't.

[geeker2]

Originally Posted by dalakhani

Are you getting defensive because you dont know what you are talking about? Before taking such a stance, it would be wise to understand the subject. Its clear that you don't.

SCUDS...I call distraction for you

[SCUDSBROTHER]

Originally Posted by dalakhani

Are you getting defensive because you dont know what you are talking about? Before taking such a stance, it would be wise to understand the subject. Its clear that you don't.

The American people just told ya to fk off. Yeah, we are defensive about bailing out people that made bad loans, and hope to God we don't do it. It's not my fault ya stocks went down..fk off...People want to make money easily, but don't want to take the hit. Stocks went down. Don't put money in the damn thing, and then want to cry when it goes down. Bunch of fkn babies.

[GBBob]

Originally Posted by SCUDSBROTHER

The American people just told ya to fk off. Yeah, we are defensive about bailing out people that made bad loans, and hope to God we don't do it. It's not my fault ya stocks went down..fk off...People want to make money easily, but don't want to take the hit. Stocks went down. Don't put money in the damn thing, and then want to cry when it goes down. Bunch of fkn babies.

Scuds..I'm sorry brother..but ya' gotta' open up your mind a little. It's not all black and white like Andruw Jones

[dalakhani]

Originally Posted by geeker2

SCUDS...I call distraction for you

Okay you want yet another explanation amongst the many that have been given on this subject to people who just don't get it? Do you want me to lay out what happens to a loan from cradle to grave? Do you want me to attempt to explain what a CDO is? What mark to market rules are? Do you want me to explain why a bank that services a loan probably doesnt own the paper and why that makes it hard to do a "work out" plan?

All of this has already been said and we still have those that want to talk about s and l's and "banks" doing crooked loans.

So if you guys want to continue on this path of blame without actually understanding where the blame belongs then continue. Frankly, geeker, this is beyond frustrating.

This is kind of neat.
You can find how your representative voted and those in other states.
Just move your mouse on the little squares. Very cool.

http://www.nytimes.com/ref/washingto...urrentRoll=674

[SCUDSBROTHER]

Originally Posted by dalakhani

Are you getting defensive because you dont know what you are talking about? Before taking such a stance, it would be wise to understand the subject. Its clear that you don't.

Well, we both support OBAMA. Just how do you expect him to help send people to college etc. if the money goes to bail out your greedy industry? How we gunna fix our infrastructure? Go ahead. Keep living off credit and see where it gets us. I'M so stupid huh? But I am the one that doesn't have my money in stocks that are going down. My money is in FIDC INSURED ACCOUNTS that are all under the limit they will protect. Now tell me why I should want to give up the value of those dollars to bail out your sorry industry? You want to make my money worth half a Euro? How low you want the value of a dollar to go?

[dalakhani]

Originally Posted by SCUDSBROTHER

Well, we both support OBAMA. Just how do you expect him to help send people to college etc. if the money goes to bail out your greedy industry? How we gunna fix our infrastructure? Go ahead. Keep living off credit and see where it gets us. I'M so stupid huh? But I am the one that doesn't have my money in stocks that are going down. My money is in FIDC INSURED ACCOUNTS that are all under the limit they will protect. Now tell me why I should want to give up the value of those dollars to bail out your sorry industry? You want to make my money worth half a Euro? How low you want the value of a dollar to go?

I didnt call you stupid.

You win.

[geeker2]

Originally Posted by dalakhani

Okay you want yet another explanation amongst the many that have been given on this subject to people who just don't get it? Do you want me to lay out what happens to a loan from cradle to grave? Do you want me to attempt to explain what a CDO is? What mark to market rules are? Do you want me to explain why a bank that services a loan probably doesnt own the paper and why that makes it hard to do a "work out" plan?

All of this has already been said and we still have those that want to talk about s and l's and "banks" doing crooked loans.

So if you guys want to continue on this path of blame without actually understanding where the blame belongs then continue. Frankly, geeker, this is beyond frustrating.

DALA I feel your pain and sense your frustration..I too hate those damn DEM's. Just hang in there soon John & Sarah will be in the White House and all will be well.....now relax and look at a playboy magazine - something both sexes can enjoy!

[SCUDSBROTHER]

Originally Posted by GBBob

Scuds..I'm sorry brother..but ya' gotta' open up your mind a little. It's not all black and white like Andruw Jones

I keep hearing people want to protect the price of their stock by giving away taxpayer money. That's why you're hearing people crying. They want to protect their stocks. Don't buy stocks unless you can afford to have them go down. Fact is they voted against this Socialism for the irresponsible.

[SCUDSBROTHER]

Originally Posted by dalakhani

I didnt call you stupid.

You win.

Answer th question. What is he gunna have left to spend?

Fact is we need to give out much, much, much less credit to people. People don't like that, but it's the truth. We need to give out some money for loans, but we can't just keep living on credit. Band aid it all you want, but we have to stop abusing credit.

[dalakhani]

Originally Posted by SCUDSBROTHER

Answer th question. What is he gunna have left to spend?

Fact is we need to give out much, much, much less credit to people. People don't like that, but it's the truth. We need to give out some money for loans, but we can't just keep living on credit. Band aid it all you want, but we have to stop abusing credit.

I like you scuds.

Go dodgers!!!!

[SCUDSBROTHER]

Originally Posted by dalakhani

I like you scuds.

Go dodgers!!!!

Gov't is broke. We keep borrowing from the Chinese etc. Where we gunna get this 700 billion? We gunna print it? Either way it's gunna dilute the value of the dollar. Most of these people yelling about doing this bill are people losing money in stocks,stock funds, and 401 k plans. All came with risk that people blew off.

[Mortimer]

Steven H. Crist already!!


SHUT UP!!





YOU'VE MADE YOUR FRIGGIN' POSITION KNOWN TO EVERY SCHEMING MORTGAGE CONSULTANT HERE!

[jwkniska]

Originally Posted by SCUDSBROTHER

Fact is we need to give out much, much, much less credit to people. People don't like that, but it's the truth. We need to give out some money for loans, but we can't just keep living on credit. Band aid it all you want, but we have to stop abusing credit.

100% true, and the worst of it all is that the people that can afford it the least are the ones that get more and more of it. sooner or later the banks are going to have to deal with it, as they're going to have to stop lending to people that don't have any collateral and don't deserve it, and the banks that want to take the risk and pick the wrong people to lend to... DESERVE to be run out of business when they default.

[Danzig]

http://www.msnbc.msn.com/id/26950483/

doing nothing seems to be working well.

[Danzig]

then again....there's this article:

http://online.wsj.com/article/SB122272238714287459.html

[dalakhani]

At an all time high of 6.88. This is really bad...

This is not about liquidity anymore...its about solvency. Banks will not lend to each other except at ridiculous rates. Why? Because banks don't trust the other banks not to default and because everyone is hording cash. Vicious cycle.

Remind anyone of something?

[Danzig]

i saw earlier that the russian market suspended trading.
this isn't just about the u.s. economy, this whole mess is far-reaching in its implications. i don't think a lot of people realize just what kind of effect our economy has on the global economy.