frenchy Posted October 30, 2019 Share Posted October 30, 2019 5 minutes ago, revkevsdi said: They didn’t have to make the banks whole. They could have guaranteed savings up to a certain point then used a gradually lowering percentage on savings to avoid a total melt down. allowing bonuses to go to people that spent years creating or ignoring the problem was criminal on both sides. what are you babbling about? it had nothing to do with protecting savings and everything to do with maintaining access to credit, which is what the entire economy is built upon. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 30, 2019 Share Posted October 30, 2019 29 minutes ago, revkevsdi said: Not even close to spot on. How could anyone be upset about the auto bail out and defend the bank bail out? China was just dying to buy auto assets and steal all that tech. Not to mention the jobs. What would you have lost if some of the banks collapsed? They would have merged, been bought out by other banks etc. No technology. A lot of friends of Republicans and Democrats would have lost everything. Donald Trump would have lost it all. So you wouldn’t have had the circus he provided. Does Beta Inc have any tech China might want? Quote Link to comment Share on other sites More sharing options...
Zambroski Posted October 30, 2019 Share Posted October 30, 2019 5 minutes ago, revkevsdi said: Finding people who think you are worthy is the issue. Momo. That’s who thinks you are worthy. Now run along and do some important mod work over at hcs. Just say you can’t. You just shot your ignorant Barbie mouth off again and can’t back up shit. Now, I believe you are being asked about your town again. We all must know where this utopia that is that you claim is so much better than anyone else’s here. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 30, 2019 Share Posted October 30, 2019 6 minutes ago, frenchy said: what are you babbling about? it had nothing to do with protecting savings and everything to do with maintaining access to credit, which is what the entire economy is built upon. He's the zero risk cashable gic king. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted October 30, 2019 Share Posted October 30, 2019 5 minutes ago, ArcticCrusher said: He's the zero risk cashable gic king. Keep talking bubble boy. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 30, 2019 Share Posted October 30, 2019 4 minutes ago, revkevsdi said: Keep talking bubble boy. Why don't you explain how those pesky fees work again? Quote Link to comment Share on other sites More sharing options...
snoughnut Posted October 30, 2019 Share Posted October 30, 2019 4 hours ago, frenchy said: I have never defended the banks and have said many times many wall street execs should be behind bars but the simple fact is the banks were too big to fail and allowing them to do so would have created a worldwide depression. You can stay focused on insignificant examples like the ones you've posted all you like. You deflected from what you originally said, TARP money did not go to every day Americans, homeowners and business owners, very little of it did. Those banks didn't need to be bailed out by taxpayers, the stockholders could have been bailed them out but they chose socialism and pulled off a huge sham. Quote Link to comment Share on other sites More sharing options...
racer254 Posted October 30, 2019 Share Posted October 30, 2019 4 minutes ago, snoughnut said: You deflected from what you originally said, TARP money did not go to every day Americans, homeowners and business owners, very little of it did. Those banks didn't need to be bailed out by taxpayers, the stockholders could have been bailed them out but they chose socialism and pulled off a huge sham. If they would have given every taxpayer an equal amount it would have worked just as well with less corruption. 1 Quote Link to comment Share on other sites More sharing options...
frenchy Posted October 30, 2019 Share Posted October 30, 2019 4 minutes ago, snoughnut said: You deflected from what you originally said, TARP money did not go to every day Americans, homeowners and business owners, very little of it did. Those banks didn't need to be bailed out by taxpayers, the stockholders could have been bailed them out but they chose socialism and pulled off a huge sham. Again you keep focusing on some of the specifics in how it was rolled out. Cry about that all you want, that's really an aside to the real issue. Credit markets were frozen, and if that continued it would have been very bad for everyone. When the CDO and credit markets lock up, then loans and deposits stop. It doesn't take long before the entire operation grounds to a halt. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted October 30, 2019 Share Posted October 30, 2019 1 minute ago, frenchy said: Again you keep focusing on some of the specifics in how it was rolled out. Cry about that all you want, that's really an aside to the real issue. Credit markets were frozen, and if that continued it would have been very bad for everyone. When the CDO and credit markets lock up, then loans and deposits stop. It doesn't take long before the entire operation grounds to a halt. Sorry French Fry but it was the socialism sham of the century. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 30, 2019 Share Posted October 30, 2019 10 minutes ago, snoughnut said: You deflected from what you originally said, TARP money did not go to every day Americans, homeowners and business owners, very little of it did. Those banks didn't need to be bailed out by taxpayers, the stockholders could have been bailed them out but they chose socialism and pulled off a huge sham. What are you watching? Quote Link to comment Share on other sites More sharing options...
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