US GOV'T BAILOUT of Banks

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brianpaxton

brianpaxton

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So what do you guys think, a MUST, or an epic failure waiting to happen?

There's got to be a ton of traffic to be had around this subject, in the next 6-12 months, any ideas on how to monetize it?

Could a blog-type site, with a topic related URL make some money in this niche?

think.. biggestbailoutinhistory.com or something like that..
 


i heard the totals for the bailouts are in the 4 trillion mark. Is that right?

If so than if we thought inflation was bad this year, we still got the two most expensive years of the iraq war to pay off which will come around sometime next year plus another 4 trillion which will take its affect about 2010-2011.
 
Deliguy said:
i heard the totals for the bailouts are in the 4 trillion mark. Is that right?
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That doesn't sound right. It's possible the bailouts were for banks who collectively control 4 trillion in assets. That might be it. The world's largest public corporation is Exxon-Mobil and their market cap is $413 Billion.
 
I think the US bailout is estimated at $1 trillion, but all sorts of figures are floating around..

of course there's the aid going to Europe also.. $1-200 billion?

What about monetizing this traffic? lol

(ps) I've snatched 2 great .com's based on recent CNN headline terms about the bailout..
 
Where you might be getting the $4 trillion figure is from the total amount of mortgage liability Freddy and Fannie have. Which is $4 - $5 trillion. That's insane.
 
Don't forget though, there is some equity backing those loans. The bailout is for the guarantee of those loans and do have some value to them (ie: selling the underlying asset). I don't anticipate home values going anywhere for a few years. Especially on the east and west coast.
 
AmericaFuckYeah.jpg
 
There will be more bailouts, there will be some companies going under. We'll likely end up with several very large, much more regulated entities doing the vast majority of the business and we'll likely be better off. This won't be settled within the next 10 years though, that's for sure.


Yes, the economy is fucked right now. Yes, Bush's did quite a lot to fuck it up. The subprime shit really really fucked us, and it's quite sad to see the state of things in many parts of the midwest where there are literally ghost towns where people just said fuck it and left the keys in the mailbox for the bank.

Sadly, there are many who have been getting absolutely filthy rich because of all this, and these are the same people who paid for bush's campaigns and are currently funding mccains. So if you care about this stuff at all (and you should), please DO RESEARCH and go vote.
 
I thought most of these, (aig for example), were 2 year loans? Just to tide aig over while they sell off assets to cover the losses and pay back the government...not really a bailout in the "here's some free tax payer money" kind of way.

The real kicker is if an independent business man gets behind in his bills or makes some fucking stupid moves/bad decisions, the government would never bail them out.
 
nickycakes said:
There will be more bailouts, there will be some companies going under. We'll likely end up with several very large, much more regulated entities doing the vast majority of the business and we'll likely be better off. This won't be settled within the next 10 years though, that's for sure.

Yes, the economy is fucked right now. Yes, Bush's did quite a lot to fuck it up. The subprime shit really really fucked us, and it's quite sad to see the state of things in many parts of the midwest where there are literally ghost towns where people just said fuck it and left the keys in the mailbox for the bank.

Sadly, there are many who have been getting absolutely filthy rich because of all this, and these are the same people who paid for bush's campaigns and are currently funding mccains. So if you care about this stuff at all (and you should), please DO RESEARCH and go vote.
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If you're implying that Obama is going to fix the mess that we're in, you're living in some sort of fantasy world.

This isn't a republicrat issue. Blaming the economic downfall of the nations largest financial institutions on any one particular person or political party doesn't work.

Everyone is to blame for this mess: the consumers for taking out loans they couldn't afford; the mortgage companies for underwriting these loans; and the fanny mae's and freddie mac's for buying this debt.

This 'bailout' is complete bullshit and is only adding to the facade that America is a prosperous nation... we bailed out companies that failed with money that doesn't exist. How much crazier does it get? The money does not fucking exist. It's not there. We're already 9.5 trillion in debt; let's just add another 1.1... Who's counting?

YouTube - I.O.U.S.A. Movie Trailer
 
Yawn...

To get some perspective on things, you guys should go read "The Money Lords" by Matthew Josephson.

He was one of the great Wall Street writers who wrote on American finance from 1925-1950.

Nothing has changed with regard to Wall Street's love of funny money. For example, in 1970, $300 billion dollars (that's 1970 dollars, kids) was wiped out in the stock market because of wampum tactics used by companies such as ITT.

Josephson's book is a forgotten classic. Did you know that Bank of America financed it's national expansion in the 1920s by using boiler room operations to push their paper that was all but worthless by the 1930s?

You take that book the Money Lords, you change a few dates, a few names and it's a chronicle of the 2000s.
 
aim said:
If you're implying that Obama is going to fix the mess that we're in, you're living in some sort of fantasy world.

This isn't a republicrat issue. Blaming the economic downfall of the nations largest financial institutions on any one particular person or political party doesn't work.

Everyone is to blame for this mess: the consumers for taking out loans they couldn't afford; the mortgage companies for underwriting these loans; and the fanny mae's and freddie mac's for buying this debt.

This 'bailout' is complete bullshit and is only adding to the facade that America is a prosperous nation... we bailed out companies that failed with money that doesn't exist. How much crazier does it get? The money does not fucking exist. It's not there. We're already 9.5 trillion in debt; let's just add another 1.1... Who's counting?

YouTube - I.O.U.S.A. Movie Trailer
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How can you say the current administration isn't to blame for this and then quote national debt figures in the same post?
 
nickycakes said:
How can you say the current administration isn't to blame for this and then quote national debt figures in the same post?
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The bush administration most definitely is to blame for a lot of the the debt... Just as much as another Presidency during modern history.

Under Bush Sr, the national debt rose from 2.5 Trillion to 4 Trillion. A 150% increase.

Under Clinton, the national debt rose from 4 Trillion to 6 Trillion. A 150% increase.

Under Bush Jr, the national debt rose from 6 Trillion to 9.5% trillion. A 158% increase.

My point is, politics aside, it doesn't matter who's in the white house.

Both Obama and McCain's economic plans call for an overall increase in the national deficit over 10 years of approximately 4 Trillion Dollars each - economists put that number at closer to $7 Trillion realistically.

This is not a partisan issue.
 
Remember this administration said that the Iraq War would be free, financed with oil money. Then they said it would cost $35 to 50 billion. Bush went apeshit when somoene said that and said it was a lie.

Then people said it might cost $100 billion.

Now people are thinking anywhere from $1 trillion to $3 trillion.

Do not trust the US govt at all when it comes to numbers. They are usually off by several thousand percentage points. This is a good example. Those banks just don't have some problems. They have huge fucking problems with houses they now own that no one will buy unless they are sold at 60 cents on the dollar.

The houses arent worth repairing, maintaining, or even evaluating.

They are all going to be dumped by someone, probably the US govt when they own most of them.

And how solvent is the USA now? Hmmm. Good Times.
 
they have to do most of this stuff, otherwise we would probably be in another great depression. I would rather pay more taxes than live through a depression.

they shouldn't have let it happen in the first place though.
 
r3p1v said:
they have to do most of this stuff, otherwise we would probably be in another great depression. I would rather pay more taxes than live through a depression.
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If you understand cause and effect, as well as basic economic theory about business cycles, you will not only pay more now, but you will definitely get the Depression later. This isn't an either/or situation. It's just putting off the impending bloodbath.

Btw, taxes aren't going up. They are going to debase the currency by printing more money. Everyone will pay more by having a reduced standard of living. Not just taxpayers, but everyone who saves or consumes (anything).

r3p1v said:
they shouldn't have let it happen in the first place though.
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And as usual, no one will be held accountable. Big surprise.

Read this
http://nothirdsolution.com/2008/09/19/toxic-assets/

Then read this,
LewRockwell.com Blog: The Cowardly Lions


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