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Ghost
Joined: 02 May 2007
Posts: 147
Warnings: 10
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 Posted: Fri Sep 19, 2008 8:10 am Post subject: GOVERNMENT BAILOUT OF AIG |
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Where do they have the right to step in with taxpayers dollars and bail out these CEO's? Who is there to bail me out if i lose my job? they going to step in and make them not take my house from me? this is alot of B S ,,, when is everyone going to open there eyes and say we not going to take this anymore,,,But i will say this,,, this is republicans at its finest. everyone knows republicans are for big business,, i say feed them to the wolfs and through them out on the street like everyone else gets done,
its not fair for working class of ppl ,,
Is this the america that good hard work built,,, i don't think so |
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Ghost
Joined: 02 May 2007
Posts: 147
Warnings: 10
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| Posted: Fri Sep 19, 2008 8:18 am Post subject: |
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| why didn't they inform the public and hold a vote? 75 Billion dollar is a awful lot of money for working ppl |
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GrumpyOM
Joined: 21 Jul 2007
Posts: 530
Warnings: 8
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| Posted: Fri Sep 19, 2008 11:37 am Post subject: |
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| If your losing your job has the huge effect on the economy that AIG going under does then I'm sure they would bail you out too. I think bailouts are nonsense, thought so when the gov bailed out Chrysler years ago and still do, but it isn't just a republican thing, that's nonsense. |
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Ghost
Joined: 02 May 2007
Posts: 147
Warnings: 10
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| Posted: Fri Sep 19, 2008 8:54 pm Post subject: |
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yea from what i understand the major auto manufacturers are asking to get bailed out again,,
my deal isn't any different than any other,,, theres been more than 75 billion in foreclosures over the last year,,,
AIG can jump off a really tall bridge,,, they payed they're CEO 120 million payout last year,,, and we are supposed to cover that,,, man i really need what you been smokin,,,, I know , I know that you didn't inhale,,,,LMAO
I don't think we are supposed to bailout companies like GM,,, they'll learn to put money back for lean times,,, |
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hennry
Joined: 20 Sep 2008
Posts: 1
Warnings: 0
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| Posted: Sat Sep 20, 2008 6:39 am Post subject: Re:GOVERNMENT BAILOUT OF AIG |
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AIG is one of the biggest companies in the world with insurance ties to almost every business sector. Apparently, the powers that be in Washington D.C. decided that it would cost the American people more than 80 billion dollars if AIG was allowed to fall into bankruptcy as early as tomorrow morning.
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hennry |
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douglas
Joined: 12 Jun 2007
Posts: 224
Warnings: 13
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| Posted: Sun Sep 21, 2008 5:06 pm Post subject: vote |
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| if your happy about gas, milk, utility bills, and the outlook on america, if you like what bush has done, are you skeered yet, you had better be. john mcaiin is the same. we have terrorists coming at this country but it has been bush\ cheney. look at your kids and your influx of bills due to the last 8 years and if you think you can stand 4 more years vote mcaiin!! if not vote for the change, it wont be easy but we cant afford to lose this fight to the republicans. i will get a lot of flack over this but it is that important...................think for yourself...........it is that important. |
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douglas
Joined: 12 Jun 2007
Posts: 224
Warnings: 13
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| Posted: Sun Sep 21, 2008 5:30 pm Post subject: no answer |
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| the repubs have no answer for the last 8 years of bankruptcy by the bush administration!!!!!!!!!!!!!!!! they blame it on the democrats who dont have a majority in the house or senate, which they have had forever. their failed policies along with the 700 billion bailout are the beginning. the rich are richer and it will continue if we dont take this country back!!!! |
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GrumpyOM
Joined: 21 Jul 2007
Posts: 530
Warnings: 8
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| Posted: Mon Sep 22, 2008 10:34 am Post subject: |
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| Quote: | Clinton, Republicans agree to deregulation of US financial system (November 1999)
An agreement between the Clinton administration and congressional Republicans, reached during all-night negotiations which concluded in the early hours of October 22, sets the stage for passage of the most sweeping banking deregulation bill in American history, lifting virtually all restraints on the operation of the giant monopolies which dominate the financial system.
The proposed Financial Services Modernization Act of 1999 would do away with restrictions on the integration of banking, insurance and stock trading imposed by the Glass-Steagall Act of 1933, one of the central pillars of Roosevelt's New Deal. Under the old law, banks, brokerages and insurance companies were effectively barred from entering each others' industries, and investment banking and commercial banking were separated. |
The Clinton White House threatened to veto the bill if CRA provisions were substantially weakened, in response to heavy pressure from the Congressional Black Caucus and the Reverend Jesse Jackson, whose Operation PUSH has made extensive use of CRA in its campaigns to pressure corporations and banks for more opportunities for black businessmen. But eventually the White House caved in to Gramm, accepting his amendments so long as the program (CRA) remained formally in place.
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Clinton had more to do with this crisis than Bush did. And yeah, it took years to evolve to where it is today... |
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douglas
Joined: 12 Jun 2007
Posts: 224
Warnings: 13
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| Posted: Tue Sep 23, 2008 5:21 pm Post subject: |
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| then the repubs who had control should have stopped it or repealed it. it is bushs economy that started all of this by entering iraq that was gonna cost how much but has cost 4-5 times more. the buck stops at bush!!! |
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enchantedking
Joined: 22 Dec 2007
Posts: 457
Location: little rock
Warnings: 4
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| Posted: Tue Sep 23, 2008 11:52 pm Post subject: |
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| douglas wrote: | | then the repubs who had control should have stopped it or repealed it. it is bushs economy that started all of this by entering iraq that was gonna cost how much but has cost 4-5 times more. the buck stops at bush!!! |
actually bush wanted to reform and have oversight since 2005 it was the democrats that collapsed the morgae institution.
dodd
obama
kerri
clinton
reno
rangle
shumer
durbin
gorrelick
raines
reid
pelosi
murtha
a grand jury must be formed to probe and investigate and if neccessarry indictments must be imposed. |
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Ghost
Joined: 02 May 2007
Posts: 147
Warnings: 10
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| Posted: Wed Sep 24, 2008 9:55 pm Post subject: |
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| GrumpyOM wrote: | | Quote: | Clinton, Republicans agree to deregulation of US financial system (November 1999)
An agreement between the Clinton administration and congressional Republicans, reached during all-night negotiations which concluded in the early hours of October 22, sets the stage for passage of the most sweeping banking deregulation bill in American history, lifting virtually all restraints on the operation of the giant monopolies which dominate the financial system.
The proposed Financial Services Modernization Act of 1999 would do away with restrictions on the integration of banking, insurance and stock trading imposed by the Glass-Steagall Act of 1933, one of the central pillars of Roosevelt's New Deal. Under the old law, banks, brokerages and insurance companies were effectively barred from entering each others' industries, and investment banking and commercial banking were separated. |
The Clinton White House threatened to veto the bill if CRA provisions were substantially weakened, in response to heavy pressure from the Congressional Black Caucus and the Reverend Jesse Jackson, whose Operation PUSH has made extensive use of CRA in its campaigns to pressure corporations and banks for more opportunities for black businessmen. But eventually the White House caved in to Gramm, accepting his amendments so long as the program (CRA) remained formally in place.
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Clinton had more to do with this crisis than Bush did. And yeah, it took years to evolve to where it is today... |
Well you know ,,,we can point fingers all we want but the FED is looking at Georgey Boy to see if any laws was broken in bailing out all this BIG BUSINESS,,, you know i hope he has,,, he is no different than anyone else,, |
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GrumpyOM
Joined: 21 Jul 2007
Posts: 530
Warnings: 8
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| Posted: Fri Sep 26, 2008 11:55 am Post subject: |
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| douglas wrote: | | then the repubs who had control should have stopped it or repealed it. it is bushs economy that started all of this by entering iraq that was gonna cost how much but has cost 4-5 times more. the buck stops at bush!!! |
Bush had nothing to do with it. It started with the bill Clinton signed in 1999. The original republican bill was for deregulation. Nothing wrong with that in a free market. The problem was with the CRA that Jesse Jackson and Bill Clinton insisted be included or Clinton would not sign it. That "addition" required Fannie Mae and others to make risky loans to people that were not qualified for them, period. |
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Ghost
Joined: 02 May 2007
Posts: 147
Warnings: 10
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| Posted: Sat Sep 27, 2008 8:17 am Post subject: |
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Grump,,,, i think this bailout is bulloney,,, i could care less if the bottom falls out,,, us poor folks would get a kick out of base jumping stock brokers without parachutes,,,lol,,,, yea i'm slightly twisted,,, so what i'm from Arkansas,,,
Let me ask you all something,,,have you ever had to Hunt for food to eat,,, i remember back in the eightys when my dad had 7 heart attacks with 17% of his heart left and it took years for him to get any help and Us killin deer to eat and make us threw,, (a country boy can survive this weather it gets rough or not)
I think your guy Mccain put on a show at the debate last night, he played toward his strong points and kinda to my opinion showed OBAMA's lack of expirenence, where Hilary would have MOPPED him up and made him look bad,,, Obama should have went after him and instead he let Mccain talk about his strong suits,,,
How do you justify bailing out Wall street when they are the one who put themselves there,,,,,
Did you here in the debate where the gov... paid 3 Million to test DNA in bears in Montana??? See what happens when republicans are in offices??? lol, lol, lol,,, sorry i had to point that out,,,,lol, lol,lol |
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douglas
Joined: 12 Jun 2007
Posts: 224
Warnings: 13
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| Posted: Sat Sep 27, 2008 8:41 am Post subject: regulate ceo pay for lack of performance |
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| in the context of this we need to start at the top!!! with bush.... he bankrupt this country so i vote NO on paying him benefits when he leaves office!!! |
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GrumpyOM
Joined: 21 Jul 2007
Posts: 530
Warnings: 8
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| Posted: Sat Sep 27, 2008 11:22 am Post subject: |
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I don't really care who caused the problem, I am against any type of bailout. And I don't care what sort of limitations/regulations would go with it...NO BAILOUT!
And I have sent that opinion to Pryor/Lincoln and to Mike Ross. |
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