Ceraziefish Posted September 12, 2008 Share Posted September 12, 2008 Well, no one was really talking about this, so I decided on a dramatic title for the thread. But seriously. http://en.wikipedia.org/wiki/Federal_takeo...and_Freddie_Mac Essentially, we've got two huge mortgage companies that mismanaged themselves into debt, and now the federal government is bailing them out at taxpayer expense. Sweet. Yay capitalism! Link to comment
margot Posted September 12, 2008 Share Posted September 12, 2008 It's such a free market here in America xD Link to comment
Siendra Posted September 12, 2008 Share Posted September 12, 2008 Hahahahahahahahahahahahahahahahaha. Oh god, I'd totally forgotten that I wanted to bug GPS about this. Link to comment
FaultyClockwork Posted September 13, 2008 Share Posted September 13, 2008 When I saw the thread title I thought, "If only." Link to comment
Ceraziefish Posted September 13, 2008 Author Share Posted September 13, 2008 Oh ho! Apparently management of the companies are being given a total of $24 million in severance pay! That is so awesome. They totally deserve and everything. Link to comment
Ceraziefish Posted September 13, 2008 Author Share Posted September 13, 2008 When I saw the thread title I thought, "If only." Oh, it's coming. Things are going to get worse, but I'm actually convinced that large-scale capitalism is in its death throes in this country. At least in any recognizable form. The New Deal is going to be nothing compared to what's going to have to be enacted to get us out of this. Link to comment
GummyBearOfDoom Posted September 13, 2008 Share Posted September 13, 2008 I think this has happened before, matter o' fact I think it was Chrysler in the 80's... Link to comment
Siendra Posted September 13, 2008 Share Posted September 13, 2008 I think this has happened before, matter o' fact I think it was Chrysler in the 80's... I don't think it was to such a radical degree, though. Letting Fannie Ma and Freddie Mac go would have collapsed a massive segment of the economy. The shockwaves of whcih would effect a lot of industries. Link to comment
Nega-Brent Posted September 13, 2008 Share Posted September 13, 2008 I love how everyone in AE is an expert on economics. I also love how the real experts on economics don't even understand economics. Link to comment
FaultyClockwork Posted September 18, 2008 Share Posted September 18, 2008 NOAM NOAM NOAM Link to comment
GummyBearOfDoom Posted September 18, 2008 Share Posted September 18, 2008 Want to buy free market, 10 gold. Link to comment
ROCKSTEADY Posted September 18, 2008 Share Posted September 18, 2008 The New Deal is going to be nothing compared to what's going to have to be enacted to get us out of this. STATE CONTROL HOOOOOOOOOOO :hardgay: Link to comment
FaultyClockwork Posted September 19, 2008 Share Posted September 19, 2008 Want to buy free market, 10 gold. Want to buy the heads of CEOs of major corporations on silver platters, 20 gold. Link to comment
darkon Posted September 19, 2008 Share Posted September 19, 2008 Things are going to get better for the next month or so, then we're going to get hit hard in October. This is how things work out. Whoever the next president is, he has to take some serious regulation of the economy to heart or the American people are going to lose a lot. Link to comment
Nega-Brent Posted September 19, 2008 Share Posted September 19, 2008 Oh Dubya, thanks for at least giving future generations an example of who shouldn't be president. Link to comment
Poophy Posted September 20, 2008 Share Posted September 20, 2008 has anyone seen GPS? Link to comment
Nega-Brent Posted September 20, 2008 Share Posted September 20, 2008 has anyone seen GPS? Link to comment
GummyBearOfDoom Posted September 21, 2008 Share Posted September 21, 2008 has anyone seen GPS? He doesn't want to post on AE anymore. Link to comment
Natsu Posted September 21, 2008 Share Posted September 21, 2008 He doesn't want to post on AE anymore. whys that? Link to comment
Samurai Drifter Posted September 21, 2008 Share Posted September 21, 2008 Government using taxpayer money to pay the debts of institutions is much more socialist than capitalist. Link to comment
Nega-Brent Posted September 21, 2008 Share Posted September 21, 2008 Government using taxpayer money to pay the debts of institutions is much more socialist than capitalist. Well Republican ideology dictates that socialism is okay so long as you're using it to bail out your secret gay lovers financially. But socializing medicine so that everyone can have proper care is worse than aborting a 18 year-old child. Link to comment
Ceraziefish Posted September 21, 2008 Author Share Posted September 21, 2008 Government using taxpayer money to pay the debts of institutions is much more socialist than capitalist. Hence the thread title? That's exactly the point. Capitalism has clearly failed in this case. Link to comment
Ceraziefish Posted September 21, 2008 Author Share Posted September 21, 2008 Government using taxpayer money to pay the debts of institutions is much more socialist than capitalist. Hence the thread title? That's exactly the point. Capitalism has clearly failed in this case. Link to comment
Ceraziefish Posted September 21, 2008 Author Share Posted September 21, 2008 Government using taxpayer money to pay the debts of institutions is much more socialist than capitalist. Hence the thread title? That's exactly the point. Capitalism has clearly failed in this case. Link to comment
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