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Just Learnin'
10-03-2008, 12:31 PM
President Bush signs historic $700 billion plan aimed at stemming credit crisis.

Source: CNN Money (http://money.cnn.com/2008/10/03/news/economy/house_friday_bailout/index.htm?postversion=2008100309)


NEW YORK (CNNMoney.com) -- After two weeks of contentious and often emotional debate, the federal government's far-reaching and historic plan to bail out the nation's financial system was signed into law by President Bush on Friday afternoon.

"By coming together on this legislation, we have acted boldly to prevent the crisis on Wall Street from becoming a crisis in communities across our country," Bush said less than an hour after the House voted 263 to 171 to pass the bill.
ThugsRook
10-03-2008, 12:59 PM
keep your powder dry folks.
Killer Munkey
10-05-2008, 07:05 AM
The bailout could restart bank lending or just delay the full market correction on over valued mortgages. All I really do know is that i'm gonna be renting for the next few years.:hide:
XJ.
10-06-2008, 07:40 AM
The bailout could restart bank lending or just delay the full market correction on over valued mortgages. All I really do know is that i'm gonna be renting for the next few years.:hide:

Yeah, I think mostly it will just push the problems over to the next administration - at least they'll have some time to think about what to do though.
ThugsRook
10-06-2008, 09:33 AM
Yeah, I think mostly it will just push the problems over to the next administration - at least they'll have some time to think about what to do though.
simple, abolish the Fed.
XJ.
10-06-2008, 01:46 PM
simple, abolish the Fed.

Well, while that idea has many merits - it's not simple! But I'm an old fashion, let go back to the gold standard kind of guy.
ThugsRook
10-06-2008, 02:30 PM
Well, while that idea has many merits - it's not simple! But I'm an old fashion, let go back to the gold standard kind of guy.
im pretty sure they know how to make gold now, so that wouldnt work.
liquidcooled
10-06-2008, 02:45 PM
diamonds can be man made, but not gold in large quantities as of yet afaik.

http://en.wikipedia.org/wiki/Nuclear_transmutation
ThugsRook
10-06-2008, 02:47 PM
diamonds can be man made, but not gold as of yet afaik.
yes, afayk.

ummmm, do you really think youd know if they could? :lol:
liquidcooled
10-06-2008, 02:48 PM
try doing your own research then ya prick.
ThugsRook
10-06-2008, 02:59 PM
try doing your own research then ya prick.
thats not what i meant ya prick, i was just teasin ya.

really tho, if they could make gold youd never know about it.
liquidcooled
10-06-2008, 04:35 PM
:lol::hide:

could be like whats done with man made diamonds, used for drill bits, glass, tile and stone cutting blades, diamond cutting too =) etc. if we had man made gold electronics would be cheaper, allot of gold is used in that area.

not everything is a conspiracy, if it was we would ALL be in on it. after all THEY are pll too :beer:
ThugsRook
10-08-2008, 09:42 AM
can you take a guess what they are really gonna use this 7 trillion for?

its coming :hide:
NINaudio
10-08-2008, 11:18 AM
Well, the executives from AIG are all going on a nice retreat since we bailed them out. How nice of us all...
ThugsRook
10-08-2008, 11:50 AM
Well, the executives from AIG are all going on a nice retreat since we bailed them out. How nice of us all...
yup, im sure that entire 17 trillion is already in an offshore account.

those MFers aint gonna be in this country when TSHTF, count on it.

27.3 trillion buys a very big police army :thumb:
OnYX
10-08-2008, 12:14 PM
always good to know where our tax dollars go... now we know. :D
XJ.
10-08-2008, 01:19 PM
Well, the executives from AIG are all going on a nice retreat since we bailed them out. How nice of us all...

It was one of those sales perks to pump up third party "top performers" to encourage them to keep selling AIG products. My sister-in-law is a top sales manager (in another company), these thing happen at least every year.
Reese
10-08-2008, 06:00 PM
Even if I could go anywhere in the world, I still could not spend 440,000USD on a vacation... going on a vacation payed for by the taxpayers is one thing after we just bailed em out... but a $440,000 vacation is slapping us in the face
XJ.
10-08-2008, 06:41 PM
My point was two-fold

1. These events are usually pre-planned well in advance.
2. AIG needs to do this to keep revenue coming in - it's just part of the game.
NINaudio
10-09-2008, 04:40 AM
It was one of those sales perks to pump up third party "top performers" to encourage them to keep selling AIG products. My sister-in-law is a top sales manager (in another company), these thing happen at least every year.

Here's a way to pump them up: "keep selling or we go under and you have no income" :lol: