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The Human Eye - 10 Things You Didn't Know - “[citation required] Really, this is a lot of bullshit. 24 Million images over a lifetime? I'm saying that's really, really low... What do you consider an 'image'? Even if we take it down to movie...” read more by spoco2
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NetRunner
In reply to this comment by NetRunner:
The plan as passed does call for actual purchases of assets -- it's not just a $700 billion giveaway.
In the Paulson plan, the assets being purchased are the bad loans. In other words, the worst of the crap that's out there, and the least likely to be worth anything.
In the alternative plan that seemed to have become the consensus late in the process, was for the $700 billion to be used to buy stock in the failing banks themselves; nationalizing them, at least to a degree.
That way the banks have some capital they can use to continue to issue loans, and the government can fire the dickheads who screwed the company up, and hire a new set of dickheads to screw it up, then sell the shares on the market, and potentially make boatloads of profit for the taxpayers (at the expense of the current shareholders).
Instead, the Bushies want to try to protect the shareholders from their own failures, by buying off the bad investments with taxpayer moolah, so that we absorb all the losses from their bad decisions.
Word is, thanks to the corporate pay restrictions on the bailout, almost no one is opting in. They'd rather see the global economy crumble than lose the opportunity to buy a 3rd private jet.
We're probably going to have another shot at the bailout before long.
Here's hoping we have a President-Elect Obama by then.
kronosposeidon
In reply to this comment by kronosposeidon:
*promote
Grimm
Thanks a bunch!
In reply to this comment by Grimm:
*promote
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kronosposeidon
cheers!
In reply to this comment by kronosposeidon:
*promote
kronosposeidon
In reply to this comment by kronosposeidon:
Too late; I already got ya started.
In reply to this comment by MrConrads:
I can see that. I actually have a few Catholic friends many of whom still practice and attend regular services so I can see where you're coming from at least a little bit. I was raised Lutheran so basically I just mumbled my way through monotonous hymns and recited the lords prayer a few thousand times. sigh... At least the communions were slightly unsupervised so I could sneak a small shot of wine every now and then. Guilt, that never really got to me but the hypocrisy in that church, OY! don't get me started!
In reply to this comment by kronosposeidon:
I hear ya, I really do. I was born and raised Catholic. Though I walked away from it years ago, many of the symptoms remain. Guilt, being first and foremost.
In reply to this comment by MrConrads:
Same. There have been very few decisions that I have made in my past where I can say "wow, that really was a great choice that I made there" ... walking away from the church and never looking back is one of those decisions.
In reply to this comment by kronosposeidon:
I'm not Jewish, nor do I believe in God, yet I still feel this dude's pain.
kronosposeidon
In reply to this comment by kronosposeidon:
I hear ya, I really do. I was born and raised Catholic. Though I walked away from it years ago, many of the symptoms remain. Guilt, being first and foremost.
In reply to this comment by MrConrads:
Same. There have been very few decisions that I have made in my past where I can say "wow, that really was a great choice that I made there" ... walking away from the church and never looking back is one of those decisions.
In reply to this comment by kronosposeidon:
I'm not Jewish, nor do I believe in God, yet I still feel this dude's pain.
kronosposeidon
In reply to this comment by kronosposeidon:
I'm not Jewish, nor do I believe in God, yet I still feel this dude's pain.
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schmawy
In reply to this comment by schmawy:
*promote