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Thread: $700 Billion to a bunch of banks....Yet the R's wont give $15 billion to Big 3...

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    Default $700 Billion to a bunch of banks....Yet the R's wont give $15 billion to Big 3...

    Makes sense eh?

    CK
    Quote Originally Posted by Topspin View Post
    graphs generally follow each other, which means there's not constant factor ya moron

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    The banks should be lending the TARP funds to GM, Ford.

    This is just a drive to nationalize

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    this is how freedom dies, with thunderous applause.

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    Yes, you give a bit of extra to the bank who is going to fund the big three. We don't have to start hading out the cash directly and attempting to have Congress (who couldn't even realize that Fannie was failing, shoot months before the effluvia hit the fan, we were treated to the "fannie and freddie are strong" line from Congress) control the companies.

    Governments have a long line of failure in controlling companies all throughout the world.
    Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.
    - -- Aristotle

    Believe nothing on the faith of traditions, even though they have been held in honor for many generations and in diverse places. Do not believe a thing because many people speak of it. Do not believe on the faith of the sages of the past. Do not believe what you yourself have imagined, persuading yourself that a God inspires you. Believe nothing on the sole authority of your masters and priests. After examination, believe what you yourself have tested and found to be reasonable, and conform your conduct thereto.
    - -- The Buddha

    It is the mark of an educated mind to be able to entertain a thought without accepting it.
    - -- Aristotle

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    Quote Originally Posted by CanadianKid View Post
    Makes sense eh?

    CK
    An industry, especially a big industry such as steel in the 60's and 70's, going belly up is painful. However, the US cannot, nor can the world, keep moving without the financial markets. I'm not sure if it was a good idea or not from the get go even for financials, but the case could be made. Not so for auto industry. They can go Chapter 11 and get with a plan or not.

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    Quote Originally Posted by Annie View Post
    An industry, especially a big industry such as steel in the 60's and 70's, going belly up is painful. However, the US cannot, nor can the world, keep moving without the financial markets. I'm not sure if it was a good idea or not from the get go even for financials, but the case could be made. Not so for auto industry. They can go Chapter 11 and get with a plan or not.
    New banks would have sprung up. They could do a bottom up stimulus plan. But giving people in general enough to survive is inconsistent with totalitarian goals of the intrernationalist nihilist fascists. Cash will only be created for purposes which suit the agenda. Everyone making it isnt part of the plan.

    They could not afford to have this whole generation of finance and banking guys to see losses. Their loyalty to fascists might become weakened. There has to be a lot in it for people at the top or they might stop screwing everyone else on behalf of the alien machine.

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    Quote Originally Posted by SmarterThanYou View Post
    this is how freedom dies, with thunderous applause.
    O Star Wars, George Lucas, thou noble soul, for providing us with this great saying for libertarians to collectivishly parrot.

    And it was liberty. And the movie was awful.
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

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    Quote Originally Posted by Watermark View Post
    O Star Wars, George Lucas, thou noble soul, for providing us with this great saying for libertarians to collectivishly parrot.

    And it was liberty. And the movie was awful.
    SHut yer twat.

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    The high point of American fascism was not when they separated people based on race and forcibly sterilized undesirables. Oh no, I'd like you to remember, that was in the 20's, and they had no minimum wage back then, so it cancels itself out according to a libertarian.

    No, the high point of American fascism was when we tried to save three million American's jobs. I shudder at the thought.
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

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    Quote Originally Posted by Damocles View Post

    Governments have a long line of failure in controlling companies all throughout the world.
    and apparently companies have a long line of failures in controlling the government.

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    It's about runs on the banks collapsing the system like the depression. The Fed could have done it themselves though.
    GFY

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