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Obama urged to let banks fail Obama urged to let banks fail
"It is the system of nationalist ndividualism that has to go...Countless people...will hate the new world order....and will die protesting against it." HG Wells | |
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I've been saying this all along. The TRUTH.......only exist in 1 form.
The TRUTH. | |
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this is eaxctly the game plan that should have been followed since the beginning. An individualist is a man who lives for his own sake and by his own mind; he neither sacrifices himself to others nor sacrifices others to himself... | |
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sassybritches said: this is eaxctly the game plan that should have been followed since the beginning.
Agree. 2009: Mermaids and Dolphins... | |
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i'm all for letting the banks fail but what are people going to do when FDIC runs out of money? God DAMN there are a lot of dumb motherfuckers walking around! - George Carlin
Stalkerwomen of the world unite in delusion!!!!!  | |
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Vendetta1 said: i'm all for letting the banks fail but what are people going to do when FDIC runs out of money?
RIOT "It is the system of nationalist ndividualism that has to go...Countless people...will hate the new world order....and will die protesting against it." HG Wells | |
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Why would anyone listen to Bush Republicans on economic or financial matters? It's a proven fact that Bush Republicans got us INTO this mess! Second Funkiest White Man in America   It sure is nice having adults running our government now |
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If the major banks are allowed to fail it would be like the heart of capitalism not working properly. This gets too close to anarchy for my liking. Candy is horrible - no more for me thanks! | |
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what, so that we end up with one bank? like a Walmart of banks?
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IrresistibleB1tch said: what, so that we end up with one bank? like a Walmart of banks?
as much as i would like to stick it to greedy bankers (full disclosure, my husband works for one of the largest), the results frighten me even more. i do have to wonder if Bush Republicans would hold that same opinion if they were in power. something tells me that they wouldn't. Hey, you missed a spot! I fixed it, though! Second Funkiest White Man in America It sure is nice having adults running our government now |
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RodeoSchro said: IrresistibleB1tch said: what, so that we end up with one bank? like a Walmart of banks?
as much as i would like to stick it to greedy bankers (full disclosure, my husband works for one of the largest), the results frighten me even more. i do have to wonder if Bush Republicans would hold that same opinion if they were in power. something tells me that they wouldn't. Hey, you missed a spot! I fixed it, though! you'll forgive me if i can't tell the difference!  | |
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Graycap23 said: I've been saying this all along.
Tha f*ck were all these bastids last November when the entire nation begged them not to do these bailouts??? Especially Pops, "the fundamentals of the economy are strong" McCain??? Nobody ever asks that question. "After this, there is no turning back. You take the blue pill...the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill...you stay in wonderland and I show you how deep the rabbit hole goes." | |
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babynoz said: Graycap23 said: I've been saying this all along.
Tha f*ck were all these bastids last November when the entire nation begged them not to do these bailouts??? Especially Pops, "the fundamentals of the economy are strong" McCain??? Nobody ever asks that question.  God DAMN there are a lot of dumb motherfuckers walking around! - George Carlin
Stalkerwomen of the world unite in delusion!!!!! | |
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sassybritches said: this is eaxctly the game plan that should have been followed since the beginning.
So you would prefer a full on depression? [Edited 3/9/09 20:07pm] | |
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Don't let major banks fail, take their toxic assets off their hands.
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Mr Obama has faced a string of setbacks in installing key officials across the government, including at Treasury, which critics say has hampered the department's ability to tackle the economic crisis. Why was this bolded? What were his critics going to say? | |
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SUPRMAN said: sassybritches said: this is eaxctly the game plan that should have been followed since the beginning.
So you would prefer a full on depression? [Edited 3/9/09 20:07pm] we're going to have one regardless. i'd rather get it over with and start rebuilding our economy as opposed to digging the whole deeper, delaying the inevitable, and taking even longer to get out of it. it's time we stopped rewarding irrationality and a lack of productivity, and time to get back to rewarding productivity and hard work. [Edited 3/9/09 20:28pm] An individualist is a man who lives for his own sake and by his own mind; he neither sacrifices himself to others nor sacrifices others to himself... | |
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IrresistibleB1tch said: what, so that we end up with one bank? like a Walmart of banks?
as much as i would like to stick it to greedy bankers (full disclosure, my husband works for one of the largest), the results frighten me even more. i do have to wonder if Republicans would hold that same opinion if they were in power. something tells me that they wouldn't. no. you end up with smaller banks that grow from the failure of larger banks. its like everything else in capitalism...when one business fails, the pieces are picked up by others and room for new businesses is made. these banks are making fake money based on fake production. let the small companies, who actually deal with real product, take over where these gigantic banks failed. An individualist is a man who lives for his own sake and by his own mind; he neither sacrifices himself to others nor sacrifices others to himself... | |
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sassybritches said: SUPRMAN said: So you would prefer a full on depression? [Edited 3/9/09 20:07pm] we're going to have one regardless. i'd rather get it over with and start rebuilding our economy as opposed to digging the whole deeper, delaying the inevitable, and taking even longer to get out of it. it's time we stopped rewarding irrationality and a lack of productivity, and time to get back to rewarding productivity and hard work. [Edited 3/9/09 20:28pm] I agree 100%
These large banks are too out of touch to continue. Propping them up goes against the essence of capitalism which is, when a business fails to be able to continue to compete, it either changes or it goes out of business. We dont have the money to keep rewarding failure the way we have. AIG is now begging for MORE money after they just got a hefty sum before. www.adamjames.net -official website
www.myspace.com/adamjames -check out my music "Sausage Fingers With His Guitar & Mullet" avatar made possible by a grant from BeingTheHero at chapelofresonance.com | |
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sassybritches said: IrresistibleB1tch said: what, so that we end up with one bank? like a Walmart of banks?
as much as i would like to stick it to greedy bankers (full disclosure, my husband works for one of the largest), the results frighten me even more. i do have to wonder if Republicans would hold that same opinion if they were in power. something tells me that they wouldn't. no. you end up with smaller banks that grow from the failure of larger banks. its like everything else in capitalism...when one business fails, the pieces are picked up by others and room for new businesses is made. these banks are making fake money based on fake production. let the small companies, who actually deal with real product, take over where these gigantic banks failed. sorry, i'll have to call bullshit on that one. capitalism's goal is not continued competition between small entities. are you seeing this anywhere in business or industry? if so, let me know! | |
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SUPRMAN said: sassybritches said: this is eaxctly the game plan that should have been followed since the beginning.
So you would prefer a full on depression? [Edited 3/9/09 20:07pm] newsflash...were already in a depression...and heading deeper..better to let the sytem purge itself than add more debt "It is the system of nationalist ndividualism that has to go...Countless people...will hate the new world order....and will die protesting against it." HG Wells | |
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Keep in mind that the definition of a depression is a prolonged recession.
Second Funkiest White Man in America It sure is nice having adults running our government now |
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RodeoSchro said: Keep in mind that the definition of a depression is a prolonged recession.
Being in a depression doesn't mean things have to get worse than they are today. It just means they don't get any better for several quarters. So don't be afraid of the word "depression". By definition, it does not necessarily mean things are going to get worse. but everyone knows they will. even the so-called experts...the ones who got us into this mess...are pointing starting to suggest that this will be the worst time since the Great Depression. An individualist is a man who lives for his own sake and by his own mind; he neither sacrifices himself to others nor sacrifices others to himself... | |
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IrresistibleB1tch said: sassybritches said: no. you end up with smaller banks that grow from the failure of larger banks. its like everything else in capitalism...when one business fails, the pieces are picked up by others and room for new businesses is made. these banks are making fake money based on fake production. let the small companies, who actually deal with real product, take over where these gigantic banks failed. sorry, i'll have to call bullshit on that one. capitalism's goal is not continued competition between small entities. are you seeing this anywhere in business or industry? if so, let me know! Capitalism's goal is reward for production. As such, when one business can no longer produce and fails althogether, other productive businesses will step into its place, taking that client base. you can call bullshit all you want, doesnt change the fact that this is how it works. An individualist is a man who lives for his own sake and by his own mind; he neither sacrifices himself to others nor sacrifices others to himself... | |
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sassybritches said: IrresistibleB1tch said: sorry, i'll have to call bullshit on that one. capitalism's goal is not continued competition between small entities. are you seeing this anywhere in business or industry? if so, let me know! Capitalism's goal is reward for production. As such, when one business can no longer produce and fails althogether, other productive businesses will step into its place, taking that client base. you can call bullshit all you want, doesnt change the fact that this is how it works. i noticed that you don't have a concrete example for me. other, larger businesses buy up the companies' assets in order to eliminate them as competition. and this happens even before a business fails. the end goal is monopoly. you can dismiss my bullshit calling all you want, that is how it really works. | |
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IrresistibleB1tch said: sassybritches said: Capitalism's goal is reward for production. As such, when one business can no longer produce and fails althogether, other productive businesses will step into its place, taking that client base. you can call bullshit all you want, doesnt change the fact that this is how it works. i noticed that you don't have a concrete example for me. other, larger businesses buy up the companies' assets in order to eliminate them as competition. and this happens even before a business fails. the end goal is monopoly. you can dismiss my bullshit calling all you want, that is how it really works. But monopolies are banned in the U.S. for the most part, so there is only so much market share one can hope to achieve unless as in software (microsoft) you create the market you are dominating. Buying a competitor doesn't always makes sense. Economies of scale sometimes means it's better to have competitors. No one car company can supply such a differentiated market cost effectively, therefore competitors. | |
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sassybritches said: SUPRMAN said: So you would prefer a full on depression? [Edited 3/9/09 20:07pm] we're going to have one regardless. i'd rather get it over with and start rebuilding our economy as opposed to digging the whole deeper, delaying the inevitable, and taking even longer to get out of it. it's time we stopped rewarding irrationality and a lack of productivity, and time to get back to rewarding productivity and hard work. [Edited 3/9/09 20:28pm] A depression is not inevitable. So let's not go there unnecessarily. Letting banks fail is not going to hasten rebuilding our economy but delay it. | |
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Vendetta1 said: i'm all for letting the banks fail but what are people going to do when FDIC runs out of money?
The government will just print some more.  | |
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YAY! let them fail!!!! Anarchy! Anarchy! If you air your dirty linen in public, expect people to comment on the skid marks! | |
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SUPRMAN said: IrresistibleB1tch said: i noticed that you don't have a concrete example for me. other, larger businesses buy up the companies' assets in order to eliminate them as competition. and this happens even before a business fails. the end goal is monopoly. you can dismiss my bullshit calling all you want, that is how it really works. But monopolies are banned in the U.S. for the most part, I know you aren't saying that with a straight face 2009: Mermaids and Dolphins... | |
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