U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-29-2008, 02:20 PM
 
Location: Earth
24,639 posts, read 24,756,129 times
Reputation: 11318

Advertisements

I didn't benefit from any bubble.
I own two houses. I bought what I could afford and I am completely out of debt.
I didn't get greedy, so please speak for yourself and the greed you may have indulged in. A great many of us do, and always have, lived within our means.
Reply With Quote Quick reply to this message

 
Old 09-29-2008, 02:24 PM
 
Location: Albemarle, NC
7,730 posts, read 12,689,324 times
Reputation: 1504
Quote:
Originally Posted by slonga View Post
I do not think that you understand how business works - companies do not keep piles of cash in little safes! Google the word Commercial Paper.

I think you may even find it enlightining!
Even without Congressional approval, the Fed is dumping money into the system. They dumped almost $600bn just this weekend into our system and in currency swaps. They legislation would have done nothing to help your business. As you said yourself, you are far from Wall Street. And that you've already cashed out. Inflation is going to eat you alive in the coming months just like the rest of us.
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 02:32 PM
 
124 posts, read 227,075 times
Reputation: 55
Quote:
Originally Posted by paperhouse View Post
Even without Congressional approval, the Fed is dumping money into the system. They dumped almost $600bn just this weekend into our system and in currency swaps. They legislation would have done nothing to help your business. As you said yourself, you are far from Wall Street. And that you've already cashed out. Inflation is going to eat you alive in the coming months just like the rest of us.
Paper - it is not inflation that we need to worry about - as we deleverage from this credit boom we are going to see major deflation.

Inflation is the least of our worries.
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 04:32 PM
 
Location: Chicago, IL
8,998 posts, read 13,068,752 times
Reputation: 3536
I'm sure they will come up with another bill and it will probably pass...unfourtunately.

I wish my reprepsentative was Dennis Kucinch.
Pretty much all my "representatives" voted for the bail out.
I called today letting them know I wanted a NO vote.
They will hear from me in the morning, that is a promise.

http://www.campaignforliberty.com/blog/?p=647#comments (broken link) has me wanting to switch parties....
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 04:35 PM
 
Location: Chicago, IL
8,998 posts, read 13,068,752 times
Reputation: 3536
Quote:
Originally Posted by chielgirl View Post
I didn't benefit from any bubble.
I own two houses. I bought what I could afford and I am completely out of debt.
I didn't get greedy, so please speak for yourself and the greed you may have indulged in. A great many of us do, and always have, lived within our means.
::applause::
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 05:20 PM
 
124 posts, read 227,075 times
Reputation: 55
Quote:
Originally Posted by chielgirl View Post
I didn't benefit from any bubble.
I own two houses. I bought what I could afford and I am completely out of debt.
I didn't get greedy, so please speak for yourself and the greed you may have indulged in. A great many of us do, and always have, lived within our means.

Why do you need two houses? This is the root of the current problem when people like you do not feel the need to buy two house and then boast about it on public forums...

Showy accumulation of wealth means very liitle...
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 06:44 PM
 
Location: Beautiful Lakes & Mountains of East TN
3,454 posts, read 6,574,228 times
Reputation: 874
Everyone benefited from this bubble; if not via real estate, via the stock market and overall booming economy.
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 10:41 PM
 
Location: Earth
24,639 posts, read 24,756,129 times
Reputation: 11318
Quote:
Originally Posted by slonga View Post
Why do you need two houses? This is the root of the current problem when people like you do not feel the need to buy two house and then boast about it on public forums...

Showy accumulation of wealth means very liitle...
Wow, you sound jealous.
I own two houses because I want to and that is my choice.
I live within my means, sorry if you don't and are one of those people that I have to bail out.
The only reason I mentioned it was because some people think it's a badge of honor to be bailed out, as if I should be required to bail them out.
Sounds like you're one of those people who didn't live within their means.
If not, shame on you, don't deflect to me.
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 10:42 PM
 
Location: southern california
55,480 posts, read 74,374,114 times
Reputation: 47872
i am pleased i wrote and they heard. i think they congress is getting the message.
get your hand out of my pocket.
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 10:44 PM
 
Location: southern california
55,480 posts, read 74,374,114 times
Reputation: 47872
Quote:
Originally Posted by slonga View Post
Why do you need two houses? This is the root of the current problem when people like you do not feel the need to buy two house and then boast about it on public forums...

Showy accumulation of wealth means very liitle...
sorry to hear that, i was so hoping that if i drove a flashy car women would like me.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top