scorpionldr
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well i guess the next question is what place is preferable?
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ah another depression?
- Thread starter melanie2
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- depression
Dr. Bill Kobb
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I say we all go hang out at Cavum's place.
scorpionldr
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lol nationally i mean.
Dr. Bill Kobb
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I hear you can still live like a king in certain parts of Mexico for, like, $18-a-day. At that rate, I could have a helluva half a year or so...
scorpionldr
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hmmm.......I don't know what to think of mexico....i've been there before and i wasnt too impressed......
Dr. Bill Kobb
Level of Cherry Feather
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I hear there's still out-of-the-way spots, lovely beaches, all tropical and lush, with few if any people. Granted, this story was told to me by a down-on-his-luck fellow i gave a lift to awhile back...
labrat78
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This had been coming for a great many years. Since the late 90's we have been digging our own grave, everyone of us. Whether you are a hedge fund investor with billions in other peoples money or a regular Joe, we have allowed this to happen, and we get stuck fixing it.
The rules for investing in risky things changed about ten years ago. Congress in their wisdom (and ours since we put the bastards there, especially if you didn't make it a point to vote that makes you extra guilty)made what got us in trouble perfectly legal. Greed did the rest because no one thought that it would get this bad. Hon, when you are trading oil for three times what it is worth to drill, pump, and refine, there is something fundamentally wrong. Same thing goes for other investments. Short selling, which as it was done until recently was illegal ten years or so ago. The rules changed and to make a long story short, huge investors could make or break a company by driving their stock price into the ground, and they didn't own a single share of stock to trade.
The housing market? People got loans that had no business getting them and the lenders, thinking that they could cash in and sell those loans therefore avoiding any risk, helping the matter by making it worse. When people can't make the payments someones got to cover the losses. Banks go tits up.
And so on.
There were a lot of reasons that we are in a economic mess and everyone of them perfectly legal. That needs to change, and permanently. The people that manipulated the rules should be jailed, their wealth stripped and returned to those they stole it from. Maybe it is time for a little Roosevelt socialism but if left unchecked, this will not pass.
It will only get much worse.
The rules for investing in risky things changed about ten years ago. Congress in their wisdom (and ours since we put the bastards there, especially if you didn't make it a point to vote that makes you extra guilty)made what got us in trouble perfectly legal. Greed did the rest because no one thought that it would get this bad. Hon, when you are trading oil for three times what it is worth to drill, pump, and refine, there is something fundamentally wrong. Same thing goes for other investments. Short selling, which as it was done until recently was illegal ten years or so ago. The rules changed and to make a long story short, huge investors could make or break a company by driving their stock price into the ground, and they didn't own a single share of stock to trade.
The housing market? People got loans that had no business getting them and the lenders, thinking that they could cash in and sell those loans therefore avoiding any risk, helping the matter by making it worse. When people can't make the payments someones got to cover the losses. Banks go tits up.
And so on.
There were a lot of reasons that we are in a economic mess and everyone of them perfectly legal. That needs to change, and permanently. The people that manipulated the rules should be jailed, their wealth stripped and returned to those they stole it from. Maybe it is time for a little Roosevelt socialism but if left unchecked, this will not pass.
It will only get much worse.
scorpionldr
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hmmm maybe i'll look around. on the other hand I heard of the majority of Latin America's wonderful treatment from the government and it's military authoritarian regimes towards it's people in a college course. I think Mexico may still be a little close to the US. I'm thinking netherlands.
Cbarton
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Precisely!
You don't get rich quick. It takes time, patience and persistence. The banks thought they could cash in on those sub-prime loans and get their necks in the noose instead, financially speaking. I wonder what gonna be hidden in this "Wall Street Welfare" bill they are working on...
labrat78
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Another thing. I notice that the majority of people in this country know absolutely nothing about how this system (if you can call it that) really works. This results in all the outrageous claims and know it all quotes that just are not true. "Is my money in the bank safe?" and so on. People need to sit down on their asses and read!!!!
Read up on what they have obviously been missing out on. People in this country are way too ignorant of the world around them.
Read up on what they have obviously been missing out on. People in this country are way too ignorant of the world around them.
Dr. Bill Kobb
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labrat78's right! If you all don't wake up and come to terms with just what the hell's going on right now, I'd advise everyone to stop for a moment and take a look at the picture attachment below before considering where we are going as a Nation.
It's time we all put aside our petty differences and focused our energy on what's important. Heather needs us right now. Won't you join with me in wishing her a speedy release form whatever despicable Beverly Hills prison cell they're undoubtedly holding her in?
It's time we all put aside our petty differences and focused our energy on what's important. Heather needs us right now. Won't you join with me in wishing her a speedy release form whatever despicable Beverly Hills prison cell they're undoubtedly holding her in?
Attachments
kopfhorer1
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Hmm, I'd heard the bailout got nixed because congresscritters' constituents arrived at the U.S. Capitol with ropes, tar and feathers.
I also heard on someone's show on Air America today that the Repubs were hoping the feces would hit the fan once Obama took office so that they could blame it all on him. If that's the case, it obviously fell somewhat short.
As for Ms. Locklear, I think she'd make a great vice-president!
I also heard on someone's show on Air America today that the Repubs were hoping the feces would hit the fan once Obama took office so that they could blame it all on him. If that's the case, it obviously fell somewhat short.
As for Ms. Locklear, I think she'd make a great vice-president!
labrat78
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Yep, they went straight into the tank today, 777 points and some change. You have to lay the fault square at the feet of the same republican bastards that changed the investment rules years ago. They started the mess and now they don't want to fix it.
Well, I know I won't be the only one out of a job come November. Check your congressional records folks and if your congressman voted against the bailout, they voted for a collapse. They should be the one's who's feet are held to the fire and you all should go out and vote these no goods right out of their cushy congressional jobs.
And as for Ms Locklear, she looks like how the economy feels......
HUNG OVER!!!!!
Well, I know I won't be the only one out of a job come November. Check your congressional records folks and if your congressman voted against the bailout, they voted for a collapse. They should be the one's who's feet are held to the fire and you all should go out and vote these no goods right out of their cushy congressional jobs.
And as for Ms Locklear, she looks like how the economy feels......
HUNG OVER!!!!!
kopfhorer1
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If congress puts into place a rescue package which doesn't leave Leona Helmsley's "little people" (you know, the ones who pay all the taxes) holding the bag, I'll be, well, not happy but not quite as pissed off.
