the_grip on 7/3/2009 at 05:29
Quote Posted by Thief13x
Assuming no one steps up to fill the void it would be a disaster. Then again, you could say that about a lot of large corporations (including those in the auto industry, airline industry, food industry, oil industry, Wal-mart, etc etc).
The way I look at it, there are alot of people looking for investments outside of Wallstreet and alot of folks looking for people to invest in them. The only thing holding us back is the false notion that the money can only circulate through failing banks. In the end, the banks don't create credit, investors do.
OK eating my words here because I'm drunk but I will say this - we are still shoving taxpayer dollars out the door to banks who are being forced to sell loans to private money and hedge funds because of stupid mark to market rules that need to be revised. We basically are "bailing out" banks by making them play by some stupid rules that tell them that they have to sell perfectly fine bonds at huge discounts to hedge funds, private capital, etc. This private money loves it because they know that these banks are at their mercy, and they are shoving dough in the stash by it. All that is going on now is the worst of the Bush administration perpetuated by the next administration. Shit I'm not even getting to the "stimulus".
Oh and AIG failing would be a catastrophe that would dwarf Lehman. These fucking rules apply to them to. It is not rocket science. Don't make them sell valuable shit at shitty prices.
And for the love of Buddha do fucking something. Get in there, nationalize some banks that are dead meat, quit hiding shit. Get the world back to normal by getting your ass in gear to address the root of the problem. For fuck's sake what is so complicated about this... if something is worth something, put it on the table. If not, throw it in the trash.
Ok back to my hole with the booze.
zaya92 on 27/5/2009 at 10:11
fett, i'm a foreignerer currently residing in kuwait and i can tell you kuwaitis are VERY happy about obama's decision.
Stitch on 27/5/2009 at 14:45
Quote Posted by PigLick
hey lets save some of the funnies for a slow day guys
Thanks to the miracle of a surprise bump two months later, you've done exactly that!
Queue on 27/5/2009 at 14:53
It's always the foreignerers.
fett on 28/5/2009 at 21:26
Next, they'll be appointing them as Supreme Court Justices. HOW WILL MY KIDS GET A GOOD EDUCATION IF THINGS CONTINUE LIKE THIS.
zaya92 on 29/5/2009 at 00:48
Quote Posted by Queue
It's always the foreignerers.
i actually meant i'm a foreignerer IN kuwait, not a kuwaiti:nono:
Queue on 29/5/2009 at 13:01
So you're not a foreignerer?
Gingerbread Man on 29/5/2009 at 17:02
Shit, you're more foreign in Kuwait than some other places if you're not from around there.
nickie on 29/5/2009 at 20:16
Quote Posted by Queue
So you're not a foreignerer?
Pots and kettles, Queue? :)
On second thoughts, probably not but are you perpetuating it I wonder?
