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To bail out or not to bail out?

momabiz posted on Sep 26, 2008 | views: 199 | Tags: opinion, bail out, run for the hills hope not, save the house of cards, gov bail out, world news, cash world

 

 

 I say don't bail out! That's my opinion, whats yours? So, it might end up putting us back into an all cash world...is that so bad.That might finally fix a lot of problems. These companies went into a business and sorry it didn't work out for them but why do we have to pay the price. You make your bed you lye in it.Agree or disagree?



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Comments

  • SeanRenaud said on Sep 26, 2008....
    An all cash world. . .well if you think the rich deserve to be even richer than they are now then we can go that way.  I suppose it couldn't hurt, slavery worked ok for thousands of years.
  • momabiz said on Sep 26, 2008....
    I say bail out them but I expect a bail out myself. Fair?
  • momabiz said on Sep 26, 2008....
    If I have to go down with my ship they should go down with there's!
  • SeanRenaud said on Sep 26, 2008....
    Why do you deserve a bail out?  Are they going to starve if you go out?  If their ship goes down so does yours, and mine, and your dads, and your sisters.  You do understand that right?
  • momabiz said on Sep 26, 2008....
    Why do I have so much credit? These people just gave it away.Why wipe there slat clean and not mine? Hey stick your debt on the list as well! I am an owner of a cash advance loan company.I have about $45,000.00 in good loans out with customers but I also have about $70,000.00 worth of bad debt with customers. So will the government get me my money back on these signature loans people made to me and won't pay? I am stuck with it why aren't they?
  • momabiz said on Sep 26, 2008....
    If customers were held accountable for paying me back which they are not why hold me to a different standard?
  • curmudgeon said on Sep 26, 2008....
    Why did you make so many bad loans in the first place? You're part of the problem, as far as anyone's concerned.
     
    If these folks don't deserve a bailout for their mistakes, why should you?
     
    Here's the thing - if the big guys go under, you're not getting paid from either direction - not from your debtors nor from your creditors or your insurers. You go under, too.
     
    Oh well! Another one bites the dust!
  • momabiz said on Sep 29, 2008....
    I believe if I have to go down so should they! If they get a bail out so should I. I am not asking for anything... they are,but whats good for the goose is good for the gander! right?
  • SeanRenaud said on Sep 29, 2008....
    Are you really not understanding moma or are you that stupid that you don't understand.  If you go down I won't starve to death or be out of a home.  If AIG goes down YOU will go under, I will go under, everybody will go under.  You're not important to the world.
  • momabiz said on Sep 29, 2008....
    I want to know if all the financial institutes are treated equal? I go by all the laws put on me by the State Board of Financial Institutions where I have a license. I have given loans to lower and middle class people.I have bad debt owed to me by customers in the amount of $70,000.00! I want to know why it's okay to screw me over and I have to live with that but screw a big company over and the government has their back?
  • SeanRenaud said on Sep 29, 2008....
    One last time.  Because if you go under you won't take the nation with you.  There is a strong chane that if the big company goes under it will pull you down with it.
     
    Ideally there would be regulations in place so that nobody ever got so big that the rest of us were dependent on their survival but we are and they did and we need to fix the problem first, then prevent anything like it from ever happening again.
  • momabiz said on Sep 29, 2008....

     

  • SeanRenaud said on Sep 29, 2008....
    SC cut you off, I hate when that happens.  Specially on long posts.
  • momabiz said on Sep 29, 2008....
    bail out rejected, whats expected to happen know?
  • SeanRenaud said on Sep 29, 2008....
    It already happened.  The Dowfell another 600 points.  DOW  And Nasda fell 166 points.  We've still got a little bit to go before the markets close too.
     
    So they'll go back and negotiate again, hopefully get 100% of the pork out.
  • andora said on Sep 29, 2008....
    momabiz

    everyone should take the bill in the house all the way this week

    if they don't our house of cards will collapse!

    we need to bail out the status quo and then get active in shaping a different and more balanced system that is liquid. its unfortunate that the regular joe should know hundreds of years of banking law to understand what is happening, but, like sean said, they will put a bandaid on it before it collapses, but, only after the speculators get their returns on the sudden spike of gold commodities.

    if you feel powerless about this, then question your priorities and what you are dependent upon. i for one want to save this fledging democracy and end the current voting system that is beyond auditing. after all, thats what the administration originally came after...our 700 billion with no oversight or judicial recourse. bogus hype!!! the dems want protections in this bill for the taxpayer and we deserve these to say the least!

    it could be a very bad deal if they do not pass something fast...i have a daughter with one year left in graduate school before she becomes a doctor...so the freezing up of student loans directly affects my reality

    if it doesn't pass

    i'm going to the bulk grain isle in my health food store and buying 500 dollars of millet, rice, lentils, oats, flax and cooking oil, 5 cases of good merlot, and a year supply of lighters

    i hope we hold the house of cards together long enough to help it get liquid again..Obama has the best plans for this.

    bless him and his family
  • SeanRenaud said on Sep 29, 2008....
    It already happened.  The Dowfell another 600 points.  DOW  And Nasda fell 166 points.  We've still got a little bit to go before the markets close too.
     
    So they'll go back and negotiate again, hopefully get 100% of the pork out.
     
    I stand corrected, as of the close the DOW (link above) was down 777 points (JACK POT!) and the Nasdaq (also link above) was down 199.
     
    What that translates to is that your 401k is worth give or take seven percent less than it was this morning and it could continue to fall.  Which is bad if your planning on retiring soon.  For me. . .it's just a shame I don't really have the money to pour into it right now because the world will get past this it's just  matter of how quickly.
  • curmudgeon said on Sep 29, 2008....
    Sean - exacty! A drop like this is a great opportunity to buy companies that were solid before the herd of cowards cashed in and ran. Why are people such idiots with their money?
     
    If I only had the cash....
  • SeanRenaud said on Sep 29, 2008....
    Because we have a lot of people who are easily spooked.  I can understand if you were retiring, if you meant to retire this year (and you hadn't moved your cash into less volitile assets) it sucks to be you.  I'm 25.  If the market follows the same trends it has the last century the market will crash at least once more probably twice before I retire. 
     
    I don't have a vested interest in this getting and worse than already is, but the world isn't going to end, we aren't going to be carting wheel barrels of money to the store for a loaf of bread or anything whacky like that.
  • momabiz said on Sep 30, 2008....
    We need help(bailout) for the people not the big dogs. Come up with a plan that the people will see and understand!
  • SeanRenaud said on Sep 30, 2008....
    ARe you really this stupid, or are you faking it?
  • momabiz said on Sep 30, 2008....
    Why you can't understand is probably because you aren't living and dealing with lower america!
  • momabiz said on Sep 30, 2008....
    Everybody that owes credit has been faking it!
  • momabiz said on Sep 30, 2008....
    I am a faker are you?
  • SeanRenaud said on Sep 30, 2008....
    You really are that stupid, thank you for the confirmation.  I was really getting confused cus every so often you were starting to seem like you understood the difference between the big dogs and the pups but you really don't understand.  I just hope that most people realize your deranged.
  • momabiz said on Sep 30, 2008....
    What am I deranged about? If you think this is deranged check out my latest post.

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