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Re: Bailouts a form of Socialism? [Re: Daishi]
    #8676894 -

Every single one of those is a correct English sentence, except for  "So?".  Every single one of them expresses a coherent point, as attested to by SlashOZ, who didn't seem to have any problem understanding them.  Can you understand this post?


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Re: Bailouts a form of Socialism? [Re: zappaisgod]
    #8676905 -

zappaisgod said:
Every single one of those is a correct English sentence, except for  "So?".  Every single one of them expresses a coherent point, as attested to by SlashOZ, who didn't seem to have any problem understanding them.  Can you understand this post?


Yet it still doesn't make sense. Perhaps you made up every sentence individually, and forgot about the whole paragraph thing.


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Man has to be man--by choice; he has to hold his life as a value--by choice; he has to learn to sustain it--by choice; he has to discover the values it requires and practice his virtues—-by choice. A code of values accepted by choice is a code of morality.”-- Ayn Rand, Atlas Shrugged

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Re: Bailouts a form of Socialism? [Re: Daishi]
    #8676974 -

Like I said, SlashOZ didn't seem to have any difficulty with it.  Back to grade school for you, middle school warrior.


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Re: Bailouts a form of Socialism? [Re: zappaisgod]
    #8676982 -

zappaisgod said:
Like I said, SlashOZ didn't seem to have any difficulty with it.  Back to grade school for you, middle school warrior.


Ah but to me it seems that the paragraph was structured poorly i.e. poor general composition. Back to post-graduate school for you, oh wait. =)


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Man has to be man--by choice; he has to hold his life as a value--by choice; he has to learn to sustain it--by choice; he has to discover the values it requires and practice his virtues—-by choice. A code of values accepted by choice is a code of morality.”-- Ayn Rand, Atlas Shrugged

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Re: Bailouts a form of Socialism? [Re: Daishi]
    #8677001 -

Daishi said:
zappaisgod said:
Like I said, SlashOZ didn't seem to have any difficulty with it.  Back to grade school for you, middle school warrior.


Ah but to me it seems that the paragraph was structured poorly i.e. poor general composition. Back to post-graduate school for you, oh wait. =)

:cool:


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Re: Bailouts a form of Socialism? [Re: zappaisgod]
    #8677013 -

Uh oh- smooth operator.


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Man has to be man--by choice; he has to hold his life as a value--by choice; he has to learn to sustain it--by choice; he has to discover the values it requires and practice his virtues—-by choice. A code of values accepted by choice is a code of morality.”-- Ayn Rand, Atlas Shrugged

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Re: Bailouts a form of Socialism? [Re: zappaisgod]
    #8677389 -

You're right, with Bear Stearns the Fed didn't put up any money...yet.  They guaranteed $29 Bn of BS's assets.  If it turns out in the end to worth less than $29 Bn, I still wouldn't know if it really costs taxpayers money, but the outcome would not be a positive for taxpayers.  Even if it just devalues the USD, it will eventually cost taxpayers money.

The same with the Fannie and Freddie deal.  http://uk.reuters.com/article/marketsNewsUS/idUKN2349729720080723?pageNumber=1

Even if its just the Govt. getting an equity stake in those two companies in exchange for a cash infusion, that's not an investment that Warren Buffett would do to enrich the value for Berkshire Hathaway shareholders.  If it ends up being a lose money investment, than ultimately it does cost taxpayers money.  The cost of govt. is always borne by the taxpayers.  No such thing as free money to taxpayers or USD holders, even if the Fed has the power to print all it wants.

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Re: Bailouts a form of Socialism? [Re: GnosticWarrior]
    #8677411 -

But, all that said and done, it remains to be seen if a single nickel will come from the public tit.  I fervently hope not.  And I do not favor any loser home(not)owner bailout either.  They SHOULD lose title to their houses.  They didn't pay for them.


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The American economy... [Re: zappaisgod]
    #8677500 -

Privatize the profits and socialize the losses.  Rewarding bad/risky behavior by corporations...


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A mind is a terrible thing to taste...hehehe.

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Re: Bailouts a form of Socialism? [Re: zappaisgod]
    #8680168 -

Can I take out a loan....say for a business....then default and the Feds will bail me out?  (just in case I need it....)


Please point me in the right direction.


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“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear. I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”

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Re: Bailouts a form of Socialism? [Re: GnosticWarrior]
    #8680841 -

GnosticWarrior said:
But Fannie and Freddie are not banks.  According to Wikipedia-

The govt. was not getting a piece of the profits during the good times that the shareholder were, so they  should have to eat the loss too.


the government shouldnt be bailing out mortgage lenders anyway,
they have a responsibility to their shareholders to provide
minimal risk loans with properties as collateral against the
loans, default on the loan and the finance company owns it,
when mortgage lenders have accepted tons of government
(taxpayer) cash to prevent them going under they still own these
properties, now when the economy starts to improve where are the
properties? still in the ownership of the lenders and no
repayment to the money they've taken


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California Has Legalized Child Prostitution

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