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mtnmama
Member since 5/06 4794 total posts
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Message edited 12/10/2009 2:42:48 PM.
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Posted 9/25/08 8:41 AM  |
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Lucky09
2017!
Member since 1/06 7537 total posts
Name:
DW
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Posted by cpanyc
I am disgusted by the greed, all of it is caused by greed. It is like the people in this country learned nothing from Enron. It has been 7 years and it is happening all over again. When will people learn?
I know - I thought about this also. Last night, as Bush was speaking I kept thinking... how did it get here? How is it that the auditors (or some other regulatory body) weren't checking the valuation of the assets on the balance sheets of these companies?
I am actually waiting for someone to turn around and blame the auditors (much like the fall of Enron took down Arthur Andersen with it).
ETA: Is it that no one really understood how the valuation of these mortgage backed securities worked in the first place?
And, why is it that we have to agree on $700 billion? Why can't we start small (like $100 billion) and see if that helps at ALL, and add more if necessary?
Message edited 9/25/2008 9:55:55 AM.
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| Posted 9/25/08 9:52 AM |
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cjik
Welcome 2010!
Member since 2/06 8879 total posts
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Greed is why we DO need government and we DO need tighter regulation. You can't trust executives to make decisions that are in the public good, not the majority of them anyway.
We do need stricter regulation and oversight, and this is my problem with the bailout package as it stands right now. You can't throw these greedy execs money and expect them to use it wisely.
It also kills me that people again and again argue that the goverment shouldn't be too involved in regulating big business. Have we learned nothing from the S & L scandal, the dot.com bubble burst and Enron?
It kills me that my son will probably be paying for this, and he's 10 months old!
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| Posted 9/25/08 9:54 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Posted by cpanyc
I am disgusted by the greed, all of it is caused by greed. It is like the people in this country learned nothing from Enron. It has been 7 years and it is happening all over again. When will people learn?
or from the savings and loan bust
which was 30 years ago
very similar to what's going on now
house bubble bust, savings and loan bail out, junk bonds etc
sound familar?
and John McCain was part of the cover up- the Keating 5
those that do not learn from history are doomed to repeat it
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| Posted 9/25/08 9:59 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Posted by MrsProfessor
Posted by SweetestOfPeas
unbelievable! I have no words... no accountability, disgusting fraud. and WE have to pay for it!  
Me either.
The FBI is going to investigate the possibility of fraud. But I don't see it getting anywhere, they will all lawyer up.
the FBI is not scarred of these execs "lawyering up", I promise you.
what we should be worried about is how much these troubled companies with CEO targets are in bed with Washington players. THAT is where you get the ability to "walk away" if you have any at all. the "PARDON".
we sent a bunch of Enron folks to jail and they had to PAY PAY PAY.
if there is fraud to be found, they will be held accountable.
as for the bailout....it's to scary b/c it's happening so fast...it's almost hard to sit down and think up a better plan...it "feels" like a knee jerk reaction, but who knows if it's for the best or not.
it feels like we are on the Titanic right about now. 
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| Posted 9/25/08 10:33 AM |
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MST9106
My life:)
Member since 6/06 9589 total posts
Name:
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Its about time the top execs start taking accountability for their actions...thats why they get paid the big bucks...to make SMART decisions. I hope this FBI probe will find some accountable. Even if they do lawyer up, so what, when it comes to criminal charges there's not that much that $$ can do.
It is uber scary whats going out there...scary times to invest or make any serious financial decisions such as buying property, etc. Thats why we're staying put for a while.
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| Posted 9/25/08 10:39 AM |
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Luv2bAmom
LIF Adult
Member since 2/08 1255 total posts
Name:
J
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
I hate that it has come to this, but I believe we need to pass this bill.
If we don't the credit willl dry up which in turn will put this economy into more of a tail spin.
Yes we will ALL feel it inour wallets but trust me we will feel it even greater if we don't pass it.
It would cause a domino effect.
Message edited 9/25/2008 11:19:32 AM.
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| Posted 9/25/08 11:18 AM |
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Luv2bAmom
LIF Adult
Member since 2/08 1255 total posts
Name:
J
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Posted by MrsProfessor
Posted by Tilde
Posted by namechange
i'm skurrred.
as if DH & I were struggling already
ditto, we were JUST starting to look at houses. . . we are going to see one tomorrow - its basically like a joke though
I am watching Suze Orman on Oprah right now and she is saying how no one is going to be able to get a mortgage right now, awesome.
And to make things worse. . . my dad works for Alitalia which may go under - so I will not have to worry about US I will have to worry about my parents too
Okay sorry for turning the thread into a vent.
 I hope your dad is able to hang onto his job.
The bailout makes me angry. We are all paying for the greed of a relative few. I get that it needs to be done because the alternative is worse, but I think about those CEOs walking away with millions, not having to answer for what went on at their companies, and I want to puke.
I teach in NYC. Our buget's been slashed, it's going to be slashed more. I dig into my pocket for work things already; I don't know how I'll be able to continue. DH and I are lucky to be secure in our jobs, but with gas, heating oil, food....
My students aren't old enough to work, but they're paying for it too.
Its not really just a the greed of a few, but also the people who bougth houses that they cannot afford, they went in over their heads, and the banks that lend them the money are to blame as well.
NOw everyone is shocked that so many have defaulted on loans they should have never have requested or been given.
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| Posted 9/25/08 11:24 AM |
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Songwriter76
LIF Adult
Member since 4/08 902 total posts
Name:
David
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
My view on it is simple. Keep voting for Republicans and this is what you get.
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| Posted 9/25/08 11:54 AM |
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Cpt2007
A new love!
Member since 1/08 5946 total posts
Name:
Liz
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Posted by Lucky09
And, why is it that we have to agree on $700 billion? Why can't we start small (like $100 billion) and see if that helps at ALL, and add more if necessary?
The chairs of the banking committees are trying to shrink it (or make it two or three installments instead of a lump sum of $700B), but the WH is resisting and wants it as is...a $700B blank check with no caveats. I wish they'd get it through their heads that we do not trust them enough to give them blank checks still on ANY issue!!!
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| Posted 9/25/08 12:05 PM |
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Cpt2007
A new love!
Member since 1/08 5946 total posts
Name:
Liz
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
My honest opinion is that as a nation, we have lost our sense of how to be responsible or even what "responsibility" is. Has President Bush ever asked us to sacrifice? No. We just keep feeding our greed and our "desires" with no regard to what our actual "needs" are.
It's as simple as this: pay as you go. If you can't afford it (whatever "it" is), you don't get it. Why are we constantly giving and taking without saving for things and working for things?!
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| Posted 9/25/08 12:08 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Posted by Songwriter76
My view on it is simple. Keep voting for Republicans and this is what you get.
this view is beyond simple.
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| Posted 9/25/08 12:22 PM |
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leighdvm
My golden boys!
Member since 3/06 4419 total posts
Name:
Michele
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
I wonder how much will be taken from each person? Has any dollar amount been thrown around yet?
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| Posted 9/25/08 12:24 PM |
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pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Posted by SweetestOfPeas
say goodbye to any promised tax cuts by either candidate.
honestly, I do not give a **** about tax cuts...I care about keeping my job, my home and our country NOT going into a depression.. We need to think beyond tax cuts imho
Message edited 9/25/2008 12:36:46 PM.
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| Posted 9/25/08 12:36 PM |
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stickydust
Now a mommy of 2!!!
Member since 4/06 3164 total posts
Name:
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Message edited 9/25/2008 5:25:36 PM.
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| Posted 9/25/08 12:48 PM |
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Luv2bAmom
LIF Adult
Member since 2/08 1255 total posts
Name:
J
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Posted by Mikismom
Posted by SweetestOfPeas
say goodbye to any promised tax cuts by either candidate.
honestly, I do not give a **** about tax cuts...I care about keeping my job, my home and our country NOT going into a depression.. We need to think beyond tax cuts imho
Couldn't agre with you more. We are in an ecomomic crisis, if anyone is still holding out hoes for a tax cut,,,well then they jsut don't understand the gravitiy of what is happening here. The money needs to come form somewhere
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| Posted 9/25/08 12:57 PM |
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juanvi
Get Out!
Member since 10/06 4463 total posts
Name:
Christina
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Posted by KeithHernandez
i'm skurrred.
as if DH & I were struggling already
same
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| Posted 9/25/08 12:57 PM |
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Posted by Mikismom
Posted by SweetestOfPeas
say goodbye to any promised tax cuts by either candidate.
honestly, I do not give a **** about tax cuts...I care about keeping my job, my home and our country NOT going into a depression.. We need to think beyond tax cuts imho
ITA - Will an increase in taxes hurt, yes...but I'll still have a job, and a home and maybe, just maybe, we can get this country back on the right track...The alternative is a path I do NOT want to go down...
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| Posted 9/25/08 12:59 PM |
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MrsRivera
2 under 2...whew!!
Member since 2/07 9876 total posts
Name:
Beth
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Posted by Mikismom
honestly, I do not give a **** about tax cuts...I care about keeping my job, my home and our country NOT going into a depression.. We need to think beyond tax cuts imho
I totally agree with this. Guess what...John McCain keeps saying how he's going to cut taxes...he's LYING!!!
There is NO WAY you cannot raise taxes in an economy like this. I wish people would realize this already!!!!
As someone said already...keep voting Republicans into office--the only thing we get is a lot of talk, and then completely different things happening when they actually take office.
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| Posted 9/25/08 3:56 PM |
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mrsej
The cutest!
Member since 1/07 2495 total posts
Name:
Mommy
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Posted by MrsRivera
Posted by Mikismom
honestly, I do not give a **** about tax cuts...I care about keeping my job, my home and our country NOT going into a depression.. We need to think beyond tax cuts imho
I totally agree with this. Guess what...John McCain keeps saying how he's going to cut taxes...he's LYING!!!
There is NO WAY you cannot raise taxes in an economy like this. I wish people would realize this already!!!!
As someone said already...keep voting Republicans into office--the only thing we get is a lot of talk, and then completely different things happening when they actually take office.
With all due respect, it wasn't only republicans that got us into this mess...there is a ton of blame to go around. I see the democrats yelling alot, but they weren't complaining when fannie mae/freddie mac was handing out the political contribuations...in fact, Obama received a ton of contributions from them. A few of the people on his campaign were former Fannie Mae executives. As I said, noone is immune from the blame game in this case.
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| Posted 9/25/08 4:16 PM |
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butterfly20
Party of 5 - 2015
Member since 4/06 7390 total posts
Name:
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
i just cant see either........
so if they bail out the companies- the richer people with stocks are satisfied and the middle class are screwed over having to pay for it. ......we dont buy stocks because i cant handle the risk- thats why there are CD's., accountability........
and if they bail out all the mortgages- the middle class get screwed over- and closer to the point of not being able to handle their own mortgages........
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| Posted 9/25/08 7:06 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Instead of arguing about which candidate is right or wrong about suspending/not suspending his campaign
Posted by mrsej
Posted by MrsRivera
Posted by Mikismom
honestly, I do not give a **** about tax cuts...I care about keeping my job, my home and our country NOT going into a depression.. We need to think beyond tax cuts imho
I totally agree with this. Guess what...John McCain keeps saying how he's going to cut taxes...he's LYING!!!
There is NO WAY you cannot raise taxes in an economy like this. I wish people would realize this already!!!!
As someone said already...keep voting Republicans into office--the only thing we get is a lot of talk, and then completely different things happening when they actually take office.
With all due respect, it wasn't only republicans that got us into this mess...there is a ton of blame to go around. I see the democrats yelling alot, but they weren't complaining when fannie mae/freddie mac was handing out the political contribuations...in fact, Obama received a ton of contributions from them. A few of the people on his campaign were former Fannie Mae executives. As I said, noone is immune from the blame game in this case.
YUP!
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| Posted 9/25/08 7:11 PM |
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