What Did President Trump Do Now?

OccultHawk · 06-10-2017, 01:07 PM

You can't put strings on 7,700 billion dollars. That **** will buy crazy good scissors.

Chula Vista · 06-10-2017, 01:15 PM

Quote:

Originally Posted by Wpnfire

The real cost of the bailout was $7.7 trillion, and it was given no strings attached from my understanding.

You need to drop three zeros.

https://en.wikipedia.org/wiki/Emerge...on_Act_of_2008

And again, what you are suggesting OH is a pipe dream. Wasn't going to happen. So we got the best option available at the time.

Our government, military, and banks are just not the fox guarding the hen house. It's a trio of foxes in a circle jerk making sure they are 100% fine and secure, no matter what the circumstances are.

Such is the reality of life in the USA in 2017. Maybe we need Bane to burn it all down???

**Frownland** · 06-10-2017, 01:18 PM

I'll just leave this here.

https://en.m.wiktionary.org/wiki/false_dichotomy

OccultHawk · 06-10-2017, 01:30 PM

Forbes

https://www.google.com/amp/s/www.for...k-bailout/amp/

Quote:

Most people think that the big bank bailout was the $700 billion that the treasury department used to save the banks during the financial crash in September of 2008. But this is a long way from the truth because the bailout is still ongoing. The Special Inspector General for TARP summary of the bailout says that the total commitment of government is $16.8 trillion dollars with the $4.6 trillion already paid out. Yes, it was trillions not billions

Trillions.

Chula Vista · 06-10-2017, 01:41 PM

A lot of that extra money has been after the banks and Wall Street recovered the US economy. I bought my house for $172K in 1998. It peaked at $500K during the bubble and then crashed down to $200K when it burst. I'm back to $460K. Same story with my 401K. Helping support the banks with my taxpayer dollars is fine by me because it is benefitting me at the end of the day.

I've been working full time and paying into the "system" for about 40 years. At this stage of life I have no choice but to look at the bottom line and what is best for me and my wife.

You idealists? Give it all you got and my best wishes.

**Frownland** · 06-10-2017, 02:07 PM

Quote:

Originally Posted by Chula Vista

me me me me me me me me me me me me me me me me

And that's why youre wrong.

In a buttshell.

OccultHawk · 06-10-2017, 03:04 PM

Quote:

Originally Posted by Frownland

In a buttshell.

That was very considerate not using the potentially offensive NUT shell.

OccultHawk · 06-10-2017, 03:22 PM

Quote:

Originally Posted by elphenor

Same with GM the American people should own GM's factories

They didn't even force them to repay or even start paying the pensions they reneged on. People worked in their factories for decades and the CEO's colluded with lawyers and legislators to get out of paying many workers their pensions and even after a bailout that rewarded their elite with hundreds of millions of dollars in bonuses they still never ****ing paid those ****ing pensions. I want to be clear on my position about this: They should be ****ing killed.

And absolutely yes to what you're saying. If We supposedly can't afford to lose GM then ownership should be transferred to the people. You can chime in on the how Elph but I suggest holding top salaries at $100,000, minimum at $50,000 decisions made through REAL co-op style consensus and all profits spread out at whatever it is as a universal basic income for everybody no matter how big or small. I don't care if it's $5 a person or $15,000 a person.

Trollheart · 06-10-2017, 03:36 PM

Quote:

Originally Posted by Chula Vista

It's huge mistake. Hopefully some republican senators vote their conscious and it fails to get through.

You mean they might wake up?

Quote:

Originally Posted by OccultHawk

Well, I can think of something. Arrest and imprison the Wall Street Scum. Give the funds they already have back to have savings in hard cash (using the billions that were used to supplement the crooks who stole it in the first place, when needed) and to further help the people and punish the greedy corporate scum forgive all the outstanding (almost always predatory) loans they had a given. In the mean time, honest people could open community banks used how they were meant to be used in the first place.

Or do what was done: funnel billions, maybe trillions over time, to billionaires and then ask stupid ****ing questions like how could Hillary lose. Why don't Americans give a **** about honesty anymore...

Dude, I don't exactly know your story but this mindset that the rich must be protected at all costs is what was used to **** you in the ass.

You're just an idealist dreamer at heart, aren't you?

Quote:

Originally Posted by Chula Vista

Re-read my post. Bush and Obama basically had no choice at the time. Did I like it? Of course not. Did I want to see my 401K and home values crash and burn even worse than they already had? No. It's not MY mindset. It was the mindset of financial specialists on how to best handle that absolute disaster in the best interests of the US as a whole.

Were the banks wrong for what they did? Of course. Should they all be in jail? Of course. Is it that easy? Unfornuately not based on how the politicians and rich have set up the rules.

We could have let the banks fail, arrest the CEOs, and felt good about it. But millions and millions of people would have lost everything. Another case of the lesser of two evils.

Like voting for Trump. Those two fingers everyone held up must be getting real tired by now..

Quote:

Originally Posted by OccultHawk

I read your post. You're buying into the bull**** narrative that you'll have suffer along with the rich. They should have used that bailout money to buy out your 401K and payoff your house and reimburse you for the damage they did to the housing market. People like you should get the bailout not the ****ing billionaires. Everyone's credit card debt should have been erased, home loans, car payments, student debt, and if the bailout didn't cover it start stripping the military.

You're just an idealist dreamer at heart, aren't you?

OccultHawk · 06-10-2017, 03:41 PM

Quote:

You're just an idealist dreamer at heart, aren't you?

Hell yeah. If this reality is possible what isn't? This is the most surreal ridiculous political situation possible and it's the real one. Everybody is waiting to wake up because this **** can't be happening.

06-10-2017, 01:18 PM	#5323 (permalink)
Frownland SOPHIE FOREVER Join Date: Aug 2011 Location: East of the Southern North American West Posts: 35,548	I'll just leave this here. https://en.m.wiktionary.org/wiki/false_dichotomy __________________ Studies show that when a given norm is changed in the face of the unchanging, the remaining contradictions will parallel the truth. d e a f b o x

06-10-2017, 01:41 PM	#5325 (permalink)
Chula Vista Toasted Poster Join Date: Oct 2014 Location: SoCal by way of Boston Posts: 11,332	A lot of that extra money has been after the banks and Wall Street recovered the US economy. I bought my house for $172K in 1998. It peaked at $500K during the bubble and then crashed down to $200K when it burst. I'm back to $460K. Same story with my 401K. Helping support the banks with my taxpayer dollars is fine by me because it is benefitting me at the end of the day. I've been working full time and paying into the "system" for about 40 years. At this stage of life I have no choice but to look at the bottom line and what is best for me and my wife. You idealists? Give it all you got and my best wishes. __________________ “The fact that we live at the bottom of a deep gravity well, on the surface of a gas covered planet going around a nuclear fireball 90 million miles away and think this to be normal is obviously some indication of how skewed our perspective tends to be.”

06-10-2017, 01:07 PM	#5321 (permalink)
OccultHawk one-balled nipple jockey Join Date: Dec 2010 Location: Dirty Souf Biatch Posts: 22,033	You can't put strings on 7,700 billion dollars. That **** will buy crazy good scissors.