The new forums will be named Coin Return (based on the most recent vote)! You can check on the status and timeline of the transition to the new forums here.
The Guiding Principles and New Rules document is now in effect.

Let's take it in the shorts! (aka Let's Give Wall Street One Trillion Tax Dollars)

1235729

Posts

  • Uncle LongUncle Long Registered User regular
    edited September 2008
    In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.

    "It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."

    The damnedest thing.
    were they high? who let this guy talk to the press?

    As a newspaper journalist, I love people like that and I will ride their dumbasses for all they are worth.

    It should be noted, however, that I work at a small newspaper on a remote island in Alaska, so really, their asses aren't worth a whole lot.

    Uncle Long on
  • Grey GhostGrey Ghost Registered User regular
    edited September 2008
    In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.

    "It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."

    The damnedest thing.

    Oh Jesus Christ

    Grey Ghost on
  • DouglasDangerDouglasDanger PennsylvaniaRegistered User regular
    edited September 2008
    BusterK wrote: »
    the problem is i miss the national news on the tv thanks to my hours
    the newspaper i read has about 2 pages of natl news, half of which is weather and celeb gossip
    the noon news really broadly summarizes most national things

    the web news i read is either really really focused (an article about mccain going back to work on a bill or something) or really really broad (7000000000 dollar bailout to wall st in the works)

    and i am left slightly informed and very worried in a vague sense of somehow becoming poorer through no fault of mine

    Really it can't take more than five minutes to read this
    http://en.wikipedia.org/wiki/Paulson_financial_rescue_plan

    maybe two more to read this
    http://www.latimes.com/business/la-fi-regulate25-2008sep25,0,920927.story


    Complete ignorance has no excuse!

    thank you, buster
    i am reading wiki right now, will read la times next.

    yes, rank
    they were high as the sky man
    kilos of cocaine are a g-dub party favor

    paulson is straight edge though

    DouglasDanger on
  • LucentLucent Registered User regular
    edited September 2008
    Lucent wrote: »
    This makes me angry enough to really wish a military coup was possible in this day and age.

    Who says it isn't?


    The army, and it's hojillion bullets.

    It would take a branch of the national military splitting off on its own to stage a coup. The american people are ultimately powerless in that regard. They could instill a "don't pay your taxes on time, you must eat a fetus" law tomorrow and people would whine and moan and then get out their fork and bib.

    It's kind've sad.

    Lucent on
    s6e07VashAndJennySig2.png
    I'm afraid to click that spoiler. I'm not sure I want to know. I'll just keep trying to fuck everything. -- trentsteel
  • Tweaked_Bat_Tweaked_Bat_ Registered User regular
    edited September 2008
    Lucent wrote: »
    Lucent wrote: »
    This makes me angry enough to really wish a military coup was possible in this day and age.

    Who says it isn't?


    The army, and it's hojillion bullets.

    It would take a branch of the national military splitting off on its own to stage a coup. The american people are ultimately powerless in that regard. They could instill a "don't pay your taxes on time, you must eat a fetus" law tomorrow and people would whine and moan and then get out their fork and bib.

    It's kind've sad.

    Man abortion clinics would make hojillions, selling discarded fetuses.

    Tweaked_Bat_ on
  • LucentLucent Registered User regular
    edited September 2008
    Lucent wrote: »
    Lucent wrote: »
    This makes me angry enough to really wish a military coup was possible in this day and age.

    Who says it isn't?


    The army, and it's hojillion bullets.

    It would take a branch of the national military splitting off on its own to stage a coup. The american people are ultimately powerless in that regard. They could instill a "don't pay your taxes on time, you must eat a fetus" law tomorrow and people would whine and moan and then get out their fork and bib.

    It's kind've sad.

    Man abortion clinics would make hojillions, selling discarded fetuses.

    Did we just solve the economy problems?

    Lucent on
    s6e07VashAndJennySig2.png
    I'm afraid to click that spoiler. I'm not sure I want to know. I'll just keep trying to fuck everything. -- trentsteel
  • itswebitsweb Registered User regular
    edited September 2008
    thank you, buster
    i am reading wiki right now, will read la times next.

    yes, rank
    they were high as the sky man
    kilos of cocaine are a g-dub party favor

    paulson is straight edge though

    25a2fjn.jpg

    itsweb on
  • DouglasDangerDouglasDanger PennsylvaniaRegistered User regular
    edited September 2008
    someone needs to make a cheap eats thread again

    DouglasDanger on
  • Tweaked_Bat_Tweaked_Bat_ Registered User regular
    edited September 2008
    Lucent wrote: »
    Lucent wrote: »
    Lucent wrote: »
    This makes me angry enough to really wish a military coup was possible in this day and age.

    Who says it isn't?


    The army, and it's hojillion bullets.

    It would take a branch of the national military splitting off on its own to stage a coup. The american people are ultimately powerless in that regard. They could instill a "don't pay your taxes on time, you must eat a fetus" law tomorrow and people would whine and moan and then get out their fork and bib.

    It's kind've sad.

    Man abortion clinics would make hojillions, selling discarded fetuses.

    Did we just solve the economy problems?

    Hells yes. All we need to do is encourage teenagers to have even more unprotected sex! That's easy!

    Tweaked_Bat_ on
  • DouglasDangerDouglasDanger PennsylvaniaRegistered User regular
    edited September 2008
    paulson seriously is a teetotaller christian scientist though for real

    DouglasDanger on
  • LucentLucent Registered User regular
    edited September 2008
    Man, there's nothing a good hot dicking can't solve, is there?

    Lucent on
    s6e07VashAndJennySig2.png
    I'm afraid to click that spoiler. I'm not sure I want to know. I'll just keep trying to fuck everything. -- trentsteel
  • DouglasDangerDouglasDanger PennsylvaniaRegistered User regular
    edited September 2008
    he does do a lot of green stuff with his money though, so he gets points for that

    DouglasDanger on
  • LucentLucent Registered User regular
    edited September 2008
    098.png

    Lucent on
    s6e07VashAndJennySig2.png
    I'm afraid to click that spoiler. I'm not sure I want to know. I'll just keep trying to fuck everything. -- trentsteel
  • satansfingerssatansfingers Registered User regular
    edited September 2008
    Uncle Long wrote: »
    In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.

    "It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."

    The damnedest thing.
    were they high? who let this guy talk to the press?

    As a newspaper journalist, I love people like that and I will ride their dumbasses for all they are worth.

    It should be noted, however, that I work at a small newspaper on a remote island in Alaska, so really, their asses aren't worth a whole lot.

    my dad was once interviewed about the incidence of mental illness among the homeless in the area for reasons that were unclear to him. so he just kind of made up a number and within a couple of days it was being touted as an official statistic. it makes me wonder how often that happens.

    satansfingers on
  • Uncle LongUncle Long Registered User regular
    edited September 2008
    Uncle Long wrote: »
    In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.

    "It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."

    The damnedest thing.
    were they high? who let this guy talk to the press?

    As a newspaper journalist, I love people like that and I will ride their dumbasses for all they are worth.

    It should be noted, however, that I work at a small newspaper on a remote island in Alaska, so really, their asses aren't worth a whole lot.

    my dad was once interviewed about the incidence of mental illness among the homeless in the area for reasons that were unclear to him. so he just kind of made up a number and within a couple of days it was being touted as an official statistic. it makes me wonder how often that happens.

    All the time. Way easier than checking facts.

    Uncle Long on
  • FlatEricFlatEric Leaves from the vine, Falling so slow Like fragile, tiny shells, Drifting in the foamRegistered User regular
    edited September 2008
    Uncle Long wrote: »
    In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.

    "It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."

    The damnedest thing.
    were they high? who let this guy talk to the press?

    As a newspaper journalist, I love people like that and I will ride their dumbasses for all they are worth.

    It should be noted, however, that I work at a small newspaper on a remote island in Alaska, so really, their asses aren't worth a whole lot.

    my dad was once interviewed about the incidence of mental illness among the homeless in the area for reasons that were unclear to him. so he just kind of made up a number and within a couple of days it was being touted as an official statistic. it makes me wonder how often that happens.
    Fact checking at its finest.

    FlatEric on
    S80hoUu.jpg
    hDrW8.png
  • DouglasDangerDouglasDanger PennsylvaniaRegistered User regular
    edited September 2008
    the more i read (thanks buster), the more this current plan really does sound like a bailout. rich dudes took a huge gamble, the gamble didn't turn a profit, and the gov and us are throwing them that rope made of all the money in the world

    part of me wants the people that bought another property with a dodgy mortgage in the hopes of getting rich quick to just take the fall and burn all the way to the relief office

    another part of me kind of wishes this was china, so the higher ups in the banks and what have you could be declared enemies of the people or something and shot to death

    DouglasDanger on
  • FlatEricFlatEric Leaves from the vine, Falling so slow Like fragile, tiny shells, Drifting in the foamRegistered User regular
    edited September 2008
    ...Paulson's plan may potentially have some conflicts of interest. This since Paulson is the former CEO of Goldman Sachs, a firm that may benefit from the plan
    Holy crap, bail out bail out! They hold my retirement funds!



    Seriously, what the hell? How can anyone think this is the right thing to do?

    FlatEric on
    S80hoUu.jpg
    hDrW8.png
  • DouglasDangerDouglasDanger PennsylvaniaRegistered User regular
    edited September 2008
    i dont get it either doggy

    but if congress or whatever slows down and actually looks at this stuff and you know argues over it and legislates, THEY ARE HURTING AMERICA

    DouglasDanger on
  • IpseDixitIpseDixit Treat me like a pirate And give me that bootyRegistered User regular
    edited September 2008
    FlatEric wrote: »
    ...Paulson's plan may potentially have some conflicts of interest. This since Paulson is the former CEO of Goldman Sachs, a firm that may benefit from the plan
    Holy crap, bail out bail out! They hold my retirement funds!



    Seriously, what the hell? How can anyone think this is the right thing to do?

    Have your accounts moved ASAP, to a much more stable conservative company

    IpseDixit on
    ipsesignew.jpg
    Flickr - PSN ID - IamTetsuo - Steam
  • DouglasDangerDouglasDanger PennsylvaniaRegistered User regular
    edited September 2008
    flateric was pretending to be paulson, acting out the conflict of interest

    DouglasDanger on
  • FlatEricFlatEric Leaves from the vine, Falling so slow Like fragile, tiny shells, Drifting in the foamRegistered User regular
    edited September 2008
    I'm not too worried about it, really. I'm 21, the funds are invested in only the most conservative of stocks, and the amount of money actually there is negligible. It's technically a 'retirement fund' but it's definitely not what I plan on using when I retire.

    There's also a pretty steep penalty for moving it right now, as part of the whole IRA plan I have going.

    edit:
    t douglas: hah, that would make me seem more witty than I really am, but alas, It's actually true. Like I said though, very little money there.

    FlatEric on
    S80hoUu.jpg
    hDrW8.png
  • DouglasDangerDouglasDanger PennsylvaniaRegistered User regular
    edited September 2008
    damn
    oh well

    DouglasDanger on
  • FlatEricFlatEric Leaves from the vine, Falling so slow Like fragile, tiny shells, Drifting in the foamRegistered User regular
    edited September 2008
    I hate the fact that it's in stocks. What the hell? If I wanted my money in the stock market, I'd play it myself.

    PERS is where it's at.

    FlatEric on
    S80hoUu.jpg
    hDrW8.png
  • Meta T. DustMeta T. Dust Registered User regular
    edited September 2008
    Thought this was gonna be a Salute your shorts thread, Maaaaaaan.

    Meta T. Dust on
    motherfuckingwar.png
  • FlatEricFlatEric Leaves from the vine, Falling so slow Like fragile, tiny shells, Drifting in the foamRegistered User regular
    edited September 2008
    So, has everyone heard, or do I get to break the bad news?

    Washington Mutual is no more. They were closed down by the government and sold to JPMorgan Chase in the largest bank failure in the U.S. ever.

    http://news.yahoo.com/s/nm/20080926/ts_nm/us_washingtonmutual_jpmorgan_news

    FlatEric on
    S80hoUu.jpg
    hDrW8.png
  • OrikaeshigitaeOrikaeshigitae Registered User, ClubPA regular
    edited September 2008
    FlatEric wrote: »
    I hate the fact that it's in stocks. What the hell? If I wanted my money in the stock market, I'd play it myself.

    PERS is where it's at.

    Why don't you buy government-insured bonds to begin with, then? don't they have a comparable long-term interest rate?

    Orikaeshigitae on
  • OrikaeshigitaeOrikaeshigitae Registered User, ClubPA regular
    edited September 2008
    FlatEric wrote: »
    So, has everyone heard, or do I get to break the bad news?

    Washington Mutual is no more. They were closed down by the government and sold to JPMorgan Chase in the largest bank failure in the U.S. ever.

    http://news.yahoo.com/s/nm/20080926/ts_nm/us_washingtonmutual_jpmorgan_news

    http://forums.penny-arcade.com/showthread.php?t=70765

    Orikaeshigitae on
  • DouglasDangerDouglasDanger PennsylvaniaRegistered User regular
    edited September 2008
    damn this is some serious shit

    DouglasDanger on
  • FlatEricFlatEric Leaves from the vine, Falling so slow Like fragile, tiny shells, Drifting in the foamRegistered User regular
    edited September 2008
    Well look at that. I just remembered this thread from the other day. Whoops.

    And to be honest, the only reason I paid into that fund is because it was offered to me at the job I had. I knew I wouldn't be there forever, and saw it as a way to put away some extra savings.

    FlatEric on
    S80hoUu.jpg
    hDrW8.png
  • The Otaku SuppositoryThe Otaku Suppository Bawstan New EnglandRegistered User regular
    edited September 2008
    seriously, if this fucks up my student loans for the next four years, I am walking all the way to DC and straight up cockpunching Bush

    Welcome to the club. Except I've already been fucked out of them. So call me when you arrive. I'll be waiting across from the Executive Office Building.
    Raneados wrote: »
    instead of spending the billions to bail out these fucking douche corporations

    let's spend HALF of the amount and give it to all the people to recoup the losses and let the big stupid bitch corporation flail and die

    and then imprison the people in charge, take their assets, and disperse them like sane people

    As terrible as these guys are, sadly they're kinda crucial to the US and World economies.

    Though why we aren't taking all the money they received in bonuses (79 billion alone last year) and most of their assets and putting it towards solving this fucking disaster. That would prolly get rid of a good 300-400 billion right there.

    The Otaku Suppository on
  • Sara LynnSara Lynn I can handle myself. Registered User regular
    edited September 2008
    this thread makes me feel dumb

    not ignorant

    just dumb

    Sara Lynn on
  • I Am Not A BearI Am Not A Bear Registered User regular
    edited September 2008
    I am drinking right now because of all of this. Oregon State won, so I should be happy. But all this? Nah, I'm drinking cause I'm depressed.

    I Am Not A Bear on
  • BYToadyBYToady Registered User regular
    edited September 2008
    I am drinking right now because of all of this. Oregon State won, so I should be happy. But all this? Nah, I'm drinking cause I'm depressed.

    I bet you wish you were a bear now.

    BYToady on
    Battletag BYToady#1454
  • I Am Not A BearI Am Not A Bear Registered User regular
    edited September 2008
    So hard.

    I Am Not A Bear on
  • TheySlashThemTheySlashThem Registered User regular
    edited September 2008
    so angry right now

    TheySlashThem on
  • monsterrormonsterror HEY ASSBUTT Registered User regular
    edited September 2008
    Hey Rankendude.

    What are you smoking nowadays?

    monsterror on
  • Seta 3000Seta 3000 Registered User regular
    edited September 2008
    Meissnerd wrote: »
    like really, isn't this the same shit Britain pulled on your colonies?

    No, see, they actually had the right to take money from us then

    isn't that funny

    Seta 3000 on
  • Grey GhostGrey Ghost Registered User regular
    edited September 2008
    Gonna bump this thread because the bailout bill was just defeated in a 228-205 House vote and apparently stocks are now plummeting (again)

    Grey Ghost on
  • RankenphileRankenphile Passersby were amazed by the unusually large amounts of blood.Registered User, Moderator Mod Emeritus
    edited September 2008
    Im not entirely sure, but I think I might be dead.

    Rankenphile on
    8406wWN.png
Sign In or Register to comment.