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Author Topic: We Bailed Out Bankers and They Are Still Pissing On Us [Locked]
DemonicXH  3 stars
Title: Camelot Vault Staff
News Editor

Posts: 584
Registered: 2003-12-1 08:14:17
Ashmaele posted:

DemonicXH posted:

I just watch Too Big To Fail and I know it was based on a book but I wonder how accurate the author was.

It was a great flick but you have to be careful about documentaries...nearly all of them are pushing some sort of biased agenda.

ETA: If you liked that I also highly recommend Enron: The Smartest Guys in the Room



Yeah I figured there was some bias going on somewhere, but for what it is, it was a good movie. I really want to believe that how Paulson and Geithner were in the movie was factual.


I look out for it, thanks for the tip.
Sansfear  3 stars
Posts: 757
Registered: 2008-8-31 05:04:52
theredkay1 posted:

reesescups posted:

I wish I could get an interest free one day loan...



Just about every credit card company will give you one.



Credit card companies give interest free loans but charge a one-time 3-4% transaction charge.
Crackdoc  1 star
Posts: 236
Registered: 2005-10-7 12:55:29
In the World of Finance - 'Business is Business and Love is BS'.


 

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DemonicXH  3 stars
Title: Camelot Vault Staff
News Editor

Posts: 584
Registered: 2003-12-1 08:14:17
Sansfear posted:

Also, the majority of the money that WAS loaned to the banks during the bailout (TARP) has been repaid. AIG, I think is the main one that has not..



Quote:

For that bit of financial wizardry, credit outspoken CEO Robert Benmosche, who's defying all odds turning around the beleaguered insurance giant. The company has repaid billions to the government -- including its entire obligation to the Fed -- and regained access to credit and debt markets. A recent move: unloading two insurance units for $37 billion
NuEM  4 stars
Posts: 1,007
Registered: 2004-3-2 09:08:11
Sin_of_Onin posted:

Also obligatory reminder of the free market at work...





Ironically each of those kids have worked harder and done more to support the economy than all the Outpost-paulbots together.

 

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theredkay1  3 stars
Posts: 611
Registered: 2008-5-16 10:37:09
Sansfear posted:

theredkay1 posted:

reesescups posted:

I wish I could get an interest free one day loan...



Just about every credit card company will give you one.



Credit card companies give interest free loans but charge a one-time 3-4% transaction charge.



Every time you use a credit card its an interest free loan to provide you liquidity. There is no additional cost to using a card.


These are even more friendly than the Fed loans since you dont have to provide collateral to use a credit card.


There are some real good potential criticisms of the Fed.
reesescups  4 stars
Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
No credit card company is going to offer any of us a one billion dollar interest free overnight loan.

 

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Desnoxvu  2 stars
Posts: 363
Registered: 2002-3-21 11:48:50
The reason the rich got so rich is because of the federal reserve system. Unless you fix the root problem it doesn't matter how much you tax them, we will continue on the inevitable consequence of a failed monetary and moral economic system.

 

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Sin_of_Onin  4 stars
Posts: 1,307
Registered: 2005-6-29 08:21:12
Desnoxvu posted:

The reason the rich got so rich is because of the federal reserve system. Unless you fix the root problem it doesn't matter how much you tax them, we will continue on the inevitable consequence of a failed monetary and moral economic system.



Yes because the Fed invented rich people.

 

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reesescups  4 stars
Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
Sin_of_Onin posted:

Desnoxvu posted:

The reason the rich got so rich is because of the federal reserve system. Unless you fix the root problem it doesn't matter how much you tax them, we will continue on the inevitable consequence of a failed monetary and moral economic system.



Yes because the Fed invented rich people.



obviously not


But Rich people did invent the Fed so that they could continue to be rich and not have to work... This is part of the core idea that this country was founded to fight against and prevent, not support and foster.

 

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