Derivative based market explained...
d@weezel music
Joined: Jun 2002
Posts: 5,929
Likes: 0
I fortunately work for a Bank that couldn't comprehend how Heidi's unemployed drunks would repay their debts, and exited the business four years ago. They continue to churn along in a tough economy providing as much job security as there can be in this industry.
:3
Joined: Aug 2005
Posts: 7,713
Likes: 0
From: BFE
I am all for ballouts. The economy is fucked beyond repair. The best case scenerio is the US economy callapses and we have to start completely from scratch. The more likely scenerio is that the powerful banking industry eventually move us to a world bank. I don't particularly wish to live through either of these scenerios and bailouts just prolong the inevitable.
Nobama
Joined: Sep 2004
Posts: 6,961
Likes: 0
From: Sarasota, Florida
I am all for ballouts. The economy is fucked beyond repair. The best case scenerio is the US economy callapses and we have to start completely from scratch. The more likely scenerio is that the powerful banking industry eventually move us to a world bank. I don't particularly wish to live through either of these scenerios and bailouts just prolong the inevitable.
Yeah, those bailouts worked great. The companies that were supposed to be saved are now going bankrupt. And the banks that took the money are being told they can't pay it back, as then the gov can't control them. Awesome. :thumbup:
un-Touch'd krew
Joined: May 2001
Posts: 51,774
Likes: 1
From: My own level of hell
All the bailouts have done is put the taxpayers in a much worse position financially and the bars are still going to declare bankruptcy, the backlash of which will now be compounded considerably and we will pay a much bigger price for not letting things take their natural course as we trample bankruptcy law.
