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Bailouts don't earn this country money. They just make government bigger and more powerful... witness the firing of the GM CEO by Obama.
Government should NEVER bail out businesses. They should go bankrupt and use our bankrupt laws to restructure.
I agree completely that we should not have bailed out any of the companies, but we did, and given that we did, we should (as we are) earn as much as possible from dividend and warrant gains.
Quick, are you serious with this? The people who ripped me off make the laws. You know that. Are you some kind of scoundrel or something? Why would you even try to talk about "the law" in a case where the American public was ripped off by its lawmakers so the banksters could still get thiers and not eat their losses like they're supposed to. (I have to eat my losses. Why should I have to eat their losses too?)
I am quite serious. You are the one who brought up the law.You CLAIMED CRIMINAL activity. Prove it.
Don't make claims you can't back up.
If you think we were ripped off file a complaint with proper authorities.
And of course the usual left rant. "if you don't believe as I do you are a scoundrel or something".
All you have is your opinion, which isn't worth much.
I am quite serious. You are the one who brought up the law.You CLAIMED CRIMINAL activity. Prove it.
Don't make claims you can't back up.
If you think we were ripped off file a complaint with proper authorities.
And of course the usual left rant. "if you don't believe as I do you are a scoundrel or something".
All you have is your opinion, which isn't worth much.
Since the SEC shreds documents like an Enron secretary, there will never be any proof that any of the big banks did anything wrong. Only the little ones or the ones like Lehman that don't pay the vig
You seem to have a basic lack of understanding of how money markets operate.
If that is fraud, then you getting a mortgage is fraud as well.
I think I'm tracking quite well on how money operates, h. I think that bankers tell the Congress every so often that they better give them free money (which means money at no interest or close to) or else the whole sytem will go broke. They do this, of course, to keep from having to eat their losses on bad bets (like I, or most other Americans, would have to do.) This "free" money ends up costing me money because it is printed, which devalues my money -- so I end up paying more for everything. I wish I could threaten Congress and tell them they better pay off my mortgage or else bad things will happen -- but I'm not a bankseter, so I don't get to benefit from the socialist-for-the-rich policies that are in place.
Absolutely! But it should not be restricted to bank bailouts. And how far back do you go? We have been subsidizing and bailing out people, products and companies for a long time.... farm aid, GM, chrysler, Solyndra, and thousands of others. And millions of individuals have been bailed out... with home loan write downs, student loan forgiveness, etc, etc. And what about subsidies for ethanol and solar power, etc.
If we could get all that money back, we could pay off the national debt very quickly.
Road, I'm with you. Let's go as far back as we need to to pay off the debt. Why should we and our children and grandchildren pay for the losses of rich people who have convinced Congress that the rules of capitalism shouldn't apply to them? We shouldn't.
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