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Old 09-19-2008, 03:18 PM   #1
Brandon O
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Default 1 Trillion dollar bailout

anyone see the news this morning? The senate is supposed to have something to vote on today.

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Old 09-19-2008, 03:27 PM   #2
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Just open the taps.

Man, along those lines, I'm just gonna set up a f*cking printing press in my basement and print money to bail out my friends every time they lose money. I mean, hell, if you can just keep printing money, then what's the big deal over trillion dollar buyouts. Just print more!

What could go wrong?

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Old 09-19-2008, 03:31 PM   #3
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Glad we got our interest rate locked in at 5.5%!

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Old 09-19-2008, 03:49 PM   #4
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Glad we got our interest rate locked in at 5.5%!
yeah, we're at 6.

unfortunately, none of this helps my retirement fund...
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MOSS HOLLOW BREWING CO.
Aristocratic Ales, Lascivious Lagers


.planned:
•Scottish 80/- •Sweet Stout •Roggenbier
.primary | bright:
98: Moss Hollow Soured '09 72: Oude Kriek 99: B-Weisse 102: Brett'd BDSA 104: Feat of Strength Helles Bock 105: Merkin Brown
.on tap | kegged:
XX: Moss Hollow Springs Sparkling Water 95: Gott Mit Uns German Pils 91b: Brown Willie's Oaked Abbey Ale 103: Merkin Stout
98: Yorkshire Special 100: Maple Porter 89: Cidre Saison 101: Steffiweizen '09 (#3)
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Old 09-19-2008, 03:52 PM   #5
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yeah, we're at 6.

unfortunately, none of this helps my retirement fund...
It was 6% 2 days before we locked it in, 5.85% the day before, the day we locked we figured that we should because the fed was meeting concerning interest rates on bank loans, we locked at 5.5%, and that afternoon, it was back up at 6%.
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Old 09-19-2008, 04:11 PM   #6
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Just was in the break room grabbin some coffee and saw Mr. George on the tube announcing the Bail out.

I am un-involved in politics and basically the ways of the world so don't really understand what it means for everything/everyone. All I understand is that I get to help the government buy a bunch of mortgages back from people who took out loans they couldn't afford and the banks that gave them to them knowing they couldn't afford them. Guess It's time to start showing an interest in this sort of thing since I'm getting old and have a youngen to look after.

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Old 09-19-2008, 04:26 PM   #7
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Just was in the break room grabbin some coffee and saw Mr. George on the tube announcing the Bail out.

I am un-involved in politics and basically the ways of the world so don't really understand what it means for everything/everyone. All I understand is that I get to help the government buy a bunch of mortgages back from people who took out loans they couldn't afford and the banks that gave them to them knowing they couldn't afford them. Guess It's time to start showing an interest in this sort of thing since I'm getting old and have a youngen to look after.
What it really means is: the worst economic panic since WWII. Inflation on a massive scale. Interest rates get raised to counter inflation. You end up paying 14% interest if you want to buy a house. Or, you just don't get a loan because you don't have a credit score over 800. Job security, unless you work for f*ckin KBR or Blackwater, will be precarious for a good while.

Essentially, it's really, really bad news.
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MOSS HOLLOW BREWING CO.
Aristocratic Ales, Lascivious Lagers


.planned:
•Scottish 80/- •Sweet Stout •Roggenbier
.primary | bright:
98: Moss Hollow Soured '09 72: Oude Kriek 99: B-Weisse 102: Brett'd BDSA 104: Feat of Strength Helles Bock 105: Merkin Brown
.on tap | kegged:
XX: Moss Hollow Springs Sparkling Water 95: Gott Mit Uns German Pils 91b: Brown Willie's Oaked Abbey Ale 103: Merkin Stout
98: Yorkshire Special 100: Maple Porter 89: Cidre Saison 101: Steffiweizen '09 (#3)
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Old 09-19-2008, 04:29 PM   #8
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Originally Posted by IrregularPulse View Post
Just was in the break room grabbin some coffee and saw Mr. George on the tube announcing the Bail out.

I am un-involved in politics and basically the ways of the world so don't really understand what it means for everything/everyone. All I understand is that I get to help the government buy a bunch of mortgages back from people who took out loans they couldn't afford and the banks that gave them to them knowing they couldn't afford them. Guess It's time to start showing an interest in this sort of thing since I'm getting old and have a youngen to look after.
One of the best quotes I've heard about this situation is, "We privatize profits, and socialize losses."

So after the government is done bailing out the last corporation with taxpayer money, are they finally going to offer some temporary loans to citizens having a hard time paying their mortgage? Seems like the government always has a top->down approach to this kind of situation instead of a bottom->up. When it comes to individuals, they spout of some BS line about personal responsibility and the free market, but when it comes to giant corporations the story changes. Socialism at the corporate level is ok???

And why do the douchebag executives get their golden parachute as everyone's investments go to sh$t. They made risky business decisions and it has finally caught up with them...they made their bed and they should lay in it. They shouldn't get a nice going a way present, they should get a cardboard box to pack the sh$t in like everyone else and an extra kick in the a$$ for leading their company to bankruptcy.
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Old 09-19-2008, 04:34 PM   #9
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I haven't put money in my retirement in over a year, I make more money in 3% savings account for the time being.

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Old 09-19-2008, 04:50 PM   #10
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I haven't put money in my retirement in over a year, I make more money in 3% savings account for the time being.
Yea but at your age now is the time to stay the course. Prices are low...
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