700 Billion Dollar Bailout Cant Touch This....

Discussion in 'Economy' started by WhiteLion, Nov 18, 2008.

  1. WhiteLion
    Offline

    WhiteLion WMS.

    Joined:
    Aug 26, 2008
    Messages:
    780
    Thanks Received:
    57
    Trophy Points:
    28
    Location:
    Pearl, Mississippi
    Ratings:
    +57
    700 Billion Dollar Bailout Cant Touch this..read link below its my firm belief that the USA enonomy is racing straight into a head-on collision with a super depression(DOH!), the actual numbers reflected are in the trillions and this's just the mortgage sector. If,,, Obama's as liberally socialist as some says he is(spreading the wealth???), the USA IS BURNT TOAST FINANCIALLY.......
    CNSNews.com - $6.6 Trillion in Mortgages Were Wrapped into Mortgage-Backed Securities at Heart of Financial Crisis

    http://iperceive.net/hidden-clinton-success-story-fannie-mae-subprime-loans-for-minorities/
    http://www.mediacircus.com/2008/10/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/
    http://www.nypost.com/seven/09292008/postopinion/opedcolumnists/os_dangerous_pals_131216.htm
    http://w3.newsmax.com/a/jun08/?s=al&promo_code=6C40-1
     
    Last edited: Nov 18, 2008
  2. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,782
    Thanks Received:
    11,059
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,112
    Yabut...

    Not all mortgages are worth less than par.

    That headline is a bit misleading because there aren't $6.6 trillion of worthless MBS.
     
  3. WhiteLion
    Offline

    WhiteLion WMS.

    Joined:
    Aug 26, 2008
    Messages:
    780
    Thanks Received:
    57
    Trophy Points:
    28
    Location:
    Pearl, Mississippi
    Ratings:
    +57
    Maybe but i still say our economy is headed for the big bust???
     
  4. Old Rocks
    Offline

    Old Rocks Diamond Member

    Joined:
    Oct 31, 2008
    Messages:
    46,560
    Thanks Received:
    5,424
    Trophy Points:
    1,840
    Location:
    Portland, Ore.
    Ratings:
    +10,368
    Unfortunately, we are in for a severe recession, if not a Great Depression. And Obama has had nothing to do with it so far. As far as his policies go, putting men and women to work as FDR did during the last Depression would do nothing but good. Given the fact that a huge chunk of the wealth seems to have migrated to the very people who are responsible for this debacle, spreading a bit of that arround to the families that are in distress, as in putting them to work on jobs that build this nation, is not at all a bad idea.
    Sure, call it socialism, but what has your Bushie done for us? And what about his base? What have they done for us? Like Haliburton, untold billions in no bid government contracts, then move the business to Dubai?
     
  5. Angel Heart
    Offline

    Angel Heart Conservative Hippie

    Joined:
    Jul 6, 2007
    Messages:
    2,057
    Thanks Received:
    341
    Trophy Points:
    48
    Location:
    Portland, Oregon
    Ratings:
    +341
    It's time for a year of Jubalee. IMO
     
  6. WhiteLion
    Offline

    WhiteLion WMS.

    Joined:
    Aug 26, 2008
    Messages:
    780
    Thanks Received:
    57
    Trophy Points:
    28
    Location:
    Pearl, Mississippi
    Ratings:
    +57
    Here's yo links to OBAMAS part in the subprime mortgage meeeltdooown....:eek:
    UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans | Media Circus
    O'S DANGEROUS PALS - New York Post
     
    • Thank You! Thank You! x 1
    Last edited: Nov 19, 2008
  7. WhiteLion
    Offline

    WhiteLion WMS.

    Joined:
    Aug 26, 2008
    Messages:
    780
    Thanks Received:
    57
    Trophy Points:
    28
    Location:
    Pearl, Mississippi
    Ratings:
    +57
    What do think of Obama now, year and a half or so later in to his presidency :lol::lol::lol:
     
  8. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,620
    Thanks Received:
    7,821
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,215
    Old Rocks is still blaming Bush.
    Obama had nothing to do with it.
    That must mean that Obama's policies have had no effect. After 20 months in office with solid Democratic majorities in both houses you would think he could find a policy that would do something. Something positive, I mean.
    But Obama couldn't find his ass with both hands. Neither can Old Rocks.
     

Share This Page