Forum Post: If someone came to you with a gun pointed at your head...
Posted 13 years ago on Nov. 20, 2011, 9:14 p.m. EST by opensociety4us
(914)
from Norwalk, CT
This content is user submitted and not an official statement
and told you to invest in their company to save it from going bust, then would you be happy with you just getting, at a later date, your money back with a low rate of interest? (on the stupidity of defending bank bailouts by stating that "the banks paid the money back")
lol that's a good one.
I usually just counter it with "Oh, great! So if my business fails, can I go before Congress and demand an instant bailout if I promise to pay it back?"
The issue of the bailouts is a bit more complicated than that.
Repelicans often protest the bailouts - they didn't like the idea under Bush but he started it - then Obama bailed out GM and insisted on a new CEO -
Now GM is producing electric cars - something they would not do under the previous ceo - I saw a statement from him back in 2008 indicating there was no global warming and so no need to change GM's production policy.
Repelicans just like to throw mud.
If GM had failed, there would be over one million MORE unemployed in the U.S. today.
Talk about stupid.
And if you put a gun in my face - I'll either take it away from you, or you will shoot me. Either way, someone's getting shot.
The new CEO of GM is overpaid. He is not worth that money. SACK THE BUM.
The only reason CEOs get that kind of cash is because the CEOs in the pension funds allow it. The disconnect between the 401ks and the stockmarket is the problem.
That may be true but it's a separate issue and unrelated to the point I was making which is the turn in ideology re: manufacturing that took place as a result of the bailout and appointment of a new ceo.
Obama has taken a lot of heat over that - but it was a good move.
uhm no it's not really that complicated. our elected representatives didn't demand what any rational business person would've demanded for taking that risk. they gave the farm away.
explain
what deal would you cut if you were being strong-armed into investing in a company to save it from going bust?
Strong armed is an apt metaphor -
However, I am not sure it applies re GM. It does I think apply to the banking system, and maybe somewhat to investments - we did let Lehman Bros. fail
The system is like an eco-system - we all depend on it in one fashion or another - we benefit from it's web of interrelationships if only because it keeps food available at the grocery, and keeps our belief system intact regarding the necessity of . . . never mind.
What I'm saying is that choices were made - most stemming from an underlying principle that it was obvious if nothing were done we would have looked a whole lot more like depression era America than we do now.
Is the banking system still holding America hostage? Yes, I think so. I think that is the only explanation for so little in the way of apparent legal action re: fraud re sub-prime lending and on the issue of banking regulation.
That must be corrected. It must be.
Not sure I've answered your question.
Life is worth more than money even though money is needed to maintain it.
have we ever chatted online before?
like - some aol thing or something?
http://www.youtube.com/watch?v=4Z9WVZddH9w
we've had over three long decades of reaganomics. its a failure. the most colossal failure in history. time for a new system - a democratic economic system where the people make the economic decisions, not the "market"
they weren't charged any interest rate or late fees or transaction fees. nobody asked me if I wanted to use my money to bail out the banks. I, and millions of other Americans need the bailout. What we should have done with that money is paid everyone's mortgage off with it. Everyone. rich, poor, middleclass - pay everyone's mortgage off. we'd still have money left over and the banks would have collapsed giving us our power back and removing the black hole where all our money goes.
2nd time around? Im thinking "someone" would catch lead before they could get the gun out of the holster, let alone pointing at my head!
This is what a bond is.
And I don't know why they would point a gun at me. If I die, they definitely won't be getting my money.
[Removed]
If u were pointing a gun at me, id take my chances and pull mine while diving and cap your ass, IPSC is tons o fun
where were you in 2008?
Flying forms on a highrise project
well, while you were working, your elected representatives gave the farm away for free to a bunch of guys who've probably never worked a day in their life the way you have.
I know, thats why im sick of this crap and waiting for they day the shit hits the fan so we can stand up and reclaim our country.