Remove Ad, Sign Up
Register to Remove Ad
Register to Remove Ad
Remove Ad, Sign Up
Register to Remove Ad
Register to Remove Ad
Register
Signup for Free!
-More Features-
-Far Less Ads-
☷ Vizzed.com Play Retro Games Vizzed Board Video Games Game Music Market Minecraft Radio Widgets Virtual Bible
☷ Register   Login  
New Posts All Threads Contribution Points Your Threads News and Updates Active Users User Ranks
About   Users   Help
Users & Guests Online
On Page: 1
Directory: 130
Entire Site: 6 & 901
Page Staff: pennylessz, pokemon x, Barathemos, tgags123, alexanyways, RavusRat,
04-19-24 06:13 AM

Forum Links

Related Threads
Coming Soon

Thread Information

Views
1,815
Replies
13
Rating
0
Status
CLOSED
Thread
Creator
iBOCK
09-19-08 02:34 PM
Last
Post
Ziggy
12-25-08 11:16 PM
Additional Thread Details
Views: 368
Today: 0
Users: 0 unique

Thread Actions

Thread Closed
New Thread
New Poll
Order
 

AIG/Financial Bailouts for companies

 

09-19-08 02:34 PM
iBOCK is Offline
Link
| ID: 72743 | 58 Words

iBOCK
Level: 127


POSTS: 2897/4283
POST EXP: 267468
LVL EXP: 23328363
CP: 748.3
VIZ: 115401

Likes: 0  Dislikes: 0
If you live in America, you know that right now, the market is going down pretty freaking fast. Many companies have been hit by it, and just recently, AIG had to be bailed out. But, is this going too far? Bailing out companies? Is that really what we want to do with our tax money?


Recent article w/video



Photobucket
If you live in America, you know that right now, the market is going down pretty freaking fast. Many companies have been hit by it, and just recently, AIG had to be bailed out. But, is this going too far? Bailing out companies? Is that really what we want to do with our tax money?


Recent article w/video



Photobucket
Vizzed Elite

Affected by 'Laziness Syndrome'

Registered: 05-02-05
Location: the grid
Last Post: 4188 days
Last Active: 3146 days

09-20-08 02:53 AM
geeogree is Offline
Link
| ID: 72758 | 86 Words

geeogree
Mr Geeohn-A-Vash53215
Level: 291


POSTS: 1083/29291
POST EXP: 1955397
LVL EXP: 420780055
CP: 52500.3
VIZ: 531216

Likes: 0  Dislikes: 0
Wow, it sure looks to me like the financial sector of the american economy has just been socialized.

Of course no one is calling it that... but what else is it really. They created a "crisis" which they knew would occur. You can't lend the way the banks were and not expect it to come back to bite you somehow. The only thing these bailouts have done is prevent the crash. Eventually something has to give and the system crashes.

The whole situation seemed very avoidable.
Wow, it sure looks to me like the financial sector of the american economy has just been socialized.

Of course no one is calling it that... but what else is it really. They created a "crisis" which they knew would occur. You can't lend the way the banks were and not expect it to come back to bite you somehow. The only thing these bailouts have done is prevent the crash. Eventually something has to give and the system crashes.

The whole situation seemed very avoidable.
Vizzed Elite
Former Admin
Banzilla


Affected by 'Laziness Syndrome'

Registered: 01-03-05
Last Post: 112 days
Last Active: 1 day

09-20-08 12:45 PM
iBOCK is Offline
Link
| ID: 72778 | 22 Words

iBOCK
Level: 127


POSTS: 2901/4283
POST EXP: 267468
LVL EXP: 23328363
CP: 748.3
VIZ: 115401

Likes: 0  Dislikes: 0
Of course it was, but most politicians continued to pocket money and be lazy, so this is unfortunately the end result
Of course it was, but most politicians continued to pocket money and be lazy, so this is unfortunately the end result
Vizzed Elite

Affected by 'Laziness Syndrome'

Registered: 05-02-05
Location: the grid
Last Post: 4188 days
Last Active: 3146 days

09-20-08 06:23 PM
Ziggy is Offline
Link
| ID: 72792 | 14 Words

Ziggy
Level: 128

POSTS: 874/4617
POST EXP: 273240
LVL EXP: 24090052
CP: 60.5
VIZ: 46564

Likes: 0  Dislikes: 0
Well, it was avoidable. If Bush wasn't elected then none of this would've happened
Well, it was avoidable. If Bush wasn't elected then none of this would've happened
Trusted Member
affected by act like a newbie syndrome


Affected by 'Laziness Syndrome'

Registered: 02-26-08
Location: PA
Last Post: 5353 days
Last Active: 5353 days

12-23-08 07:50 AM
geeogree is Offline
Link
| ID: 76106 | 139 Words

geeogree
Mr Geeohn-A-Vash53215
Level: 291


POSTS: 1134/29291
POST EXP: 1955397
LVL EXP: 420780055
CP: 52500.3
VIZ: 531216

Likes: 0  Dislikes: 0
wow.... could that be more wrong!

I just noticed the post by Ziggy and I must argue it.


This crisis was brought on by the policies of Democrats. It started with Carter when he brought in the Community Reinvestment Act. This forced banks to make loans to lower income groups. This program was expanded under the Clinton administration. It was run using Freddie Mac and Fannie Mae. Then you had groups like Acorn (OBAMA!) that would black mail banks into making outrageous loans (sub-prime) to low income African Americans and other minority groups. This resulted in the mortgage bubble which has caused the whole problem.

So don't use the "Bush suck... he is at fault for everything" cop-out. It doesn't always work when you actually look at the facts. It's the Democrats that are to blame this time around.
wow.... could that be more wrong!

I just noticed the post by Ziggy and I must argue it.


This crisis was brought on by the policies of Democrats. It started with Carter when he brought in the Community Reinvestment Act. This forced banks to make loans to lower income groups. This program was expanded under the Clinton administration. It was run using Freddie Mac and Fannie Mae. Then you had groups like Acorn (OBAMA!) that would black mail banks into making outrageous loans (sub-prime) to low income African Americans and other minority groups. This resulted in the mortgage bubble which has caused the whole problem.

So don't use the "Bush suck... he is at fault for everything" cop-out. It doesn't always work when you actually look at the facts. It's the Democrats that are to blame this time around.
Vizzed Elite
Former Admin
Banzilla


Affected by 'Laziness Syndrome'

Registered: 01-03-05
Last Post: 112 days
Last Active: 1 day

12-23-08 04:14 PM
Ziggy is Offline
Link
| ID: 76169 | 89 Words

Ziggy
Level: 128

POSTS: 1430/4617
POST EXP: 273240
LVL EXP: 24090052
CP: 60.5
VIZ: 46564

Likes: 0  Dislikes: 0
Yeah, because the gas and oil companies take no blame for this (you know, the ones who charged us insane amounts of money so bush's friends in the middle east could make more money). And associating obama with acorn? really, if that ploy didn't work for mccain it won't work for anyone else. And from what you stated about the Community Reinvestment Act, it wasn't the reason for this. Banks were giving loans and making deals that couldn't be repaid, knowingly. the democrats don't take responsibility for the banks.
Yeah, because the gas and oil companies take no blame for this (you know, the ones who charged us insane amounts of money so bush's friends in the middle east could make more money). And associating obama with acorn? really, if that ploy didn't work for mccain it won't work for anyone else. And from what you stated about the Community Reinvestment Act, it wasn't the reason for this. Banks were giving loans and making deals that couldn't be repaid, knowingly. the democrats don't take responsibility for the banks.
Trusted Member
affected by act like a newbie syndrome


Affected by 'Laziness Syndrome'

Registered: 02-26-08
Location: PA
Last Post: 5353 days
Last Active: 5353 days

12-23-08 05:49 PM
geeogree is Offline
Link
| ID: 76186 | 134 Words

geeogree
Mr Geeohn-A-Vash53215
Level: 291


POSTS: 1144/29291
POST EXP: 1955397
LVL EXP: 420780055
CP: 52500.3
VIZ: 531216

Likes: 0  Dislikes: 0
Oh, so now the mortgage crisis is the oil companies fault.

Sure, having to pay more for gasoline sucked but that shouldn't have caused as many people to default on their mortgages as it did. A large part of the problem has been that people have been living beyond their means for too many years.

Add in mortgages that most of the people that got them shouldn't have ever qualified for (because of the CRA) resulted in the mess we have today.

I don't believe that any group is innocent in the whole situation but to ignorantly blame GW and oil companies ignores a huge aspect of the problem.

And yeah, Obama was and is associated with Acorn. Just because the MSM is having a love affair with Obama doesn't mean it's not true.
Oh, so now the mortgage crisis is the oil companies fault.

Sure, having to pay more for gasoline sucked but that shouldn't have caused as many people to default on their mortgages as it did. A large part of the problem has been that people have been living beyond their means for too many years.

Add in mortgages that most of the people that got them shouldn't have ever qualified for (because of the CRA) resulted in the mess we have today.

I don't believe that any group is innocent in the whole situation but to ignorantly blame GW and oil companies ignores a huge aspect of the problem.

And yeah, Obama was and is associated with Acorn. Just because the MSM is having a love affair with Obama doesn't mean it's not true.
Vizzed Elite
Former Admin
Banzilla


Affected by 'Laziness Syndrome'

Registered: 01-03-05
Last Post: 112 days
Last Active: 1 day

12-23-08 10:42 PM
Ziggy is Offline
Link
| ID: 76214 | 90 Words

Ziggy
Level: 128

POSTS: 1444/4617
POST EXP: 273240
LVL EXP: 24090052
CP: 60.5
VIZ: 46564

Likes: 0  Dislikes: 0
1. You obviously didn't read my entire post, as i mentioned. "Banks were giving loans and making deals that couldn't be repaid."
2. Literally any other person would've prevented this, from either party (McCain knew it would happen). Bush is just stupid
3. That whole thing with ACORN was media hype to the extreme. I'm not a huge obama fan myself, and i know the media for the most part was in love with him, but still, many things were overly hyped during that election. ACORN was one of them
1. You obviously didn't read my entire post, as i mentioned. "Banks were giving loans and making deals that couldn't be repaid."
2. Literally any other person would've prevented this, from either party (McCain knew it would happen). Bush is just stupid
3. That whole thing with ACORN was media hype to the extreme. I'm not a huge obama fan myself, and i know the media for the most part was in love with him, but still, many things were overly hyped during that election. ACORN was one of them
Trusted Member
affected by act like a newbie syndrome


Affected by 'Laziness Syndrome'

Registered: 02-26-08
Location: PA
Last Post: 5353 days
Last Active: 5353 days

12-23-08 10:52 PM
geeogree is Offline
Link
| ID: 76218 | 73 Words

geeogree
Mr Geeohn-A-Vash53215
Level: 291


POSTS: 1151/29291
POST EXP: 1955397
LVL EXP: 420780055
CP: 52500.3
VIZ: 531216

Likes: 0  Dislikes: 0
so I'm guessing we are in agreement for the most part then?

I'm not a huge fan of Bush but I find people blame the president for too much in general when things go wrong and praise him too much when things go right. As if it is the President that makes the country function. I'm pretty sure the US would still function if we never heard from the president after his inaguration.
so I'm guessing we are in agreement for the most part then?

I'm not a huge fan of Bush but I find people blame the president for too much in general when things go wrong and praise him too much when things go right. As if it is the President that makes the country function. I'm pretty sure the US would still function if we never heard from the president after his inaguration.
Vizzed Elite
Former Admin
Banzilla


Affected by 'Laziness Syndrome'

Registered: 01-03-05
Last Post: 112 days
Last Active: 1 day

12-23-08 11:07 PM
Ziggy is Offline
Link
| ID: 76229 | 29 Words

Ziggy
Level: 128

POSTS: 1455/4617
POST EXP: 273240
LVL EXP: 24090052
CP: 60.5
VIZ: 46564

Likes: 0  Dislikes: 0
yes and yes. but if we never heard from the president after inauguration, i could only hope that's because the media is laying off. but that would never happen
yes and yes. but if we never heard from the president after inauguration, i could only hope that's because the media is laying off. but that would never happen
Trusted Member
affected by act like a newbie syndrome


Affected by 'Laziness Syndrome'

Registered: 02-26-08
Location: PA
Last Post: 5353 days
Last Active: 5353 days

12-24-08 10:57 AM
geeogree is Offline
Link
| ID: 76265 | 64 Words

geeogree
Mr Geeohn-A-Vash53215
Level: 291


POSTS: 1164/29291
POST EXP: 1955397
LVL EXP: 420780055
CP: 52500.3
VIZ: 531216

Likes: 0  Dislikes: 0
especially not with Obama as the next president.

He's gotten more air time since he won the primaries than Bush has gotten in his 8 years in office.

I can't get over how people think Obama is "change". Bush wanted a bailout... so does Obama. Great. And guess what, Obama has already named several former Bush administration members into his cabinet. Yay for change!
especially not with Obama as the next president.

He's gotten more air time since he won the primaries than Bush has gotten in his 8 years in office.

I can't get over how people think Obama is "change". Bush wanted a bailout... so does Obama. Great. And guess what, Obama has already named several former Bush administration members into his cabinet. Yay for change!
Vizzed Elite
Former Admin
Banzilla


Affected by 'Laziness Syndrome'

Registered: 01-03-05
Last Post: 112 days
Last Active: 1 day

12-24-08 09:10 PM
Ziggy is Offline
Link
| ID: 76288 | 58 Words

Ziggy
Level: 128

POSTS: 1460/4617
POST EXP: 273240
LVL EXP: 24090052
CP: 60.5
VIZ: 46564

Likes: 0  Dislikes: 0
well, he said he wanted a team of rivals, who better than people in the cabinet of somebody who is your polar opposite. Also, different tax cuts, health care etc. that's what actually will change. What i can't get over is how that got him through the primaries, when Hillary and him agree on everything but foreign policy
well, he said he wanted a team of rivals, who better than people in the cabinet of somebody who is your polar opposite. Also, different tax cuts, health care etc. that's what actually will change. What i can't get over is how that got him through the primaries, when Hillary and him agree on everything but foreign policy
Trusted Member
affected by act like a newbie syndrome


Affected by 'Laziness Syndrome'

Registered: 02-26-08
Location: PA
Last Post: 5353 days
Last Active: 5353 days

12-25-08 12:25 PM
geeogree is Offline
Link
| ID: 76317 | 41 Words

geeogree
Mr Geeohn-A-Vash53215
Level: 291


POSTS: 1171/29291
POST EXP: 1955397
LVL EXP: 420780055
CP: 52500.3
VIZ: 531216

Likes: 0  Dislikes: 0
I mean, it's not bad to have a wide range of opinions in your cabinet.... but why he picked old Bush administration people boggles my mind. I'm sure there are plenty of qualified republican/conservative people that he could have picked instead.
I mean, it's not bad to have a wide range of opinions in your cabinet.... but why he picked old Bush administration people boggles my mind. I'm sure there are plenty of qualified republican/conservative people that he could have picked instead.
Vizzed Elite
Former Admin
Banzilla


Affected by 'Laziness Syndrome'

Registered: 01-03-05
Last Post: 112 days
Last Active: 1 day

12-25-08 11:16 PM
Ziggy is Offline
Link
| ID: 76354 | 20 Words

Ziggy
Level: 128

POSTS: 1488/4617
POST EXP: 273240
LVL EXP: 24090052
CP: 60.5
VIZ: 46564

Likes: 0  Dislikes: 0
I think he only picked like 1 actual republican, though. the rest are just moderate dems, for the most part
I think he only picked like 1 actual republican, though. the rest are just moderate dems, for the most part
Trusted Member
affected by act like a newbie syndrome


Affected by 'Laziness Syndrome'

Registered: 02-26-08
Location: PA
Last Post: 5353 days
Last Active: 5353 days

Links

Page Comments


This page has no comments

Adblocker detected!

Vizzed.com is very expensive to keep alive! The Ads pay for the servers.

Vizzed has 3 TB worth of games and 1 TB worth of music.  This site is free to use but the ads barely pay for the monthly server fees.  If too many more people use ad block, the site cannot survive.

We prioritize the community over the site profits.  This is why we avoid using annoying (but high paying) ads like most other sites which include popups, obnoxious sounds and animations, malware, and other forms of intrusiveness.  We'll do our part to never resort to these types of ads, please do your part by helping support this site by adding Vizzed.com to your ad blocking whitelist.

×