Paulson: Government won't buy troubled bank assets

[Kevin_Kennedy]

Thank you John McCain! Thanks George Bush, who's actually the sitting president. WHo's actually the guy who got us in this mess. Who actually got on tv and said either give him the money or he will take the economy down with him.

Along with the GOP we voted out in 2006 and 2008, because they did this. Good riddens. Thanks for fucking us royally.

Oh, and the President of France yesterday said that America's dangerous deregulations got us in this mess. He didn't say anything about poor people getting loans or freddy/fanny.

I can't wait for Obama's guy to replace Paulson. Can't wait!!!

Thank you sealybobo! For spreading false information.

 

[Care4all]

Are your beacon scores below 680? Some CC's use Equifax which gives beacon scores, not FICO scores.

about 785 and 775, respectively, for the two of us....i thought?

we have no debt, no mortgage...paid cash for the house, and about 50k in unsecured open credit that can be borrowed without even taking any equity out of our house... There was no reason for them ALL to do this, OTHER THAN they just can...the law now allows them to....

care

 

[slackjawed]

Well, now that I have had a good lucnh, I can stop thinking about food as the answer to everything.
The fact is that the bailout was passed by both houses of congress with certain expectations that now apear are not being met.
Why has there been no comment from any sitting members of congress about this new development?
Could it be that all of our elected leaders have let us down because this situation scares the shit out of them?
Perhaps we should consult with the council of the five mafia families, after all, one thing they seem to be able to do is generate income.
The post by care4all seems to indicate that if they are not in charge, the Gambino or Bonnano families would certainly be proud of the actions of the credit card companies.
Maybe we should have elected James Gandolfini into office. At least he can act like a tough guy......

 

[dilloduck]

about 785 and 775, respectively, for the two of us....i thought?

we have no debt, no mortgage...paid cash for the house, and about 50k in unsecured open credit that can be borrowed without even taking any equity out of our house... There was no reason for them ALL to do this, OTHER THAN they just can...the law now allows them to....

care

You don't think an actual person messed with your interest rates do you ?

 

[dilloduck]

Well, now that I have had a good lucnh, I can stop thinking about food as the answer to everything.
The fact is that the bailout was passed by both houses of congress with certain expectations that now apear are not being met.
Why has there been no comment from any sitting members of congress about this new development?
Could it be that all of our elected leaders have let us down because this situation scares the shit out of them?
Perhaps we should consult with the council of the five mafia families, after all, one thing they seem to be able to do is generate income.
The post by care4all seems to indicate that if they are not in charge, the Gambino or Bonnano families would certainly be proud of the actions of the credit card companies.
Maybe we should have elected James Gandolfini into office. At least he can act like a tough guy......

Agreed---someone TOLD Congress to pass a bailout or else. How can we possibly come to any other conclusion ?

 

[Care4all]

You don't think an actual person messed with your interest rates do you ?

no! i think they all just flipped some switch and changed everyone's interest rate higher if they were not ''locked in'' to a temporary promo rate, their credit card interest rate went up. And if they are lucky, they can go a month or two, charging those usery rates without their customer in good standing, noticing it....

 

[sealybobo]

Thank you sealybobo! For spreading false information.

What?

I heard Nicholas Sarkozy on the radio yesterday blaming excessive American deregulations. I agree with him. You probably think it was Clinton/Carter giving poor people loans. As if that could possibly crash the world economy.

I looked on the net and here is what I found:

Free-market ideology deeply flawed, says Sarkozy
The world financial crisis shows that free-market ideology is now discredited and that economies need strong state intervention to succeed, French President Nicolas Sarkozy said on Thursday.

French President Nicolas Sarkozy urged a summit meeting on the U.S. financial crisis as African, Asian and Latin American presidents used United Nations speeches to blame American mismanagement for creating the economic peril.

Sarkozy, whose country currently holds the rotating presidency of the European Union, called for a meeting of leaders of the world's industrialized nations in November to deal with what he called the ``mad system'' that produced the meltdown.

UN Secretary-General Ban Ki-moon said the crisis ``endangers all our work'' to ease poverty and hunger in poor nations. Even Argentina, which defaulted on $95 billion of debt in late 2001, had harsh words for the U.S. about the economic contagion spreading around the world.

(snip)
Sarkozy told reporters his proposed summit should establish ``principles and new rules'' to regulate financial markets and punish those who ``jeopardize people's savings.'' Leaders should focus on excessive executive salaries that reward success without penalizing failure, he said.

• "Sarkozy [Nicolas Sarkozy, the President of France] said 'laissez-faire' economics, 'self-regulation' and the view that 'the all-powerful market' always knows best are finished."

 

[sealybobo]

no! i think they all just flipped some switch and changed everyone's interest rate higher if they were not ''locked in'' to a temporary promo rate, their credit card interest rate went up. And if they are lucky, they can go a month or two, charging those usery rates without their customer in good standing, noticing it....

Notice that when the Fed lowers interest rates, it doesn't lower the rates of the people who have sub prime loans? Why not?

Why when interest goes down, doesn't the home owners interest go down?

 

[sealybobo]

no! i think they all just flipped some switch and changed everyone's interest rate higher if they were not ''locked in'' to a temporary promo rate, their credit card interest rate went up. And if they are lucky, they can go a month or two, charging those usery rates without their customer in good standing, noticing it....

"It will help those who need it the least," said Richard Hastings, an analyst at Bernard Sands LLC. "But for those who need the most help, this does nothing for them. The Fed cannot help them at all."
Many borrowers who now face painful adjustments in their mortgage rates are stuck because lenders have quit making loans in those riskier markets altogether, making it much harder to refinance out of a burdensome loan regardless of interest rates. The homeowners must either come up with the money for the higher monthly payments, work with their lender to modify their loan terms or sink into default and foreclosure.

Fed's rate cut won't help consumers who need it the most - MarketWatch

This is bullshit. When the Fed cuts interest rates, it should lower the interest on people's sub prime loans.

But of course it doesn't.

 

[DavidS2]

about 785 and 775, respectively, for the two of us....i thought?

we have no debt, no mortgage...paid cash for the house, and about 50k in unsecured open credit that can be borrowed without even taking any equity out of our house... There was no reason for them ALL to do this, OTHER THAN they just can...the law now allows them to....

care

785 and 775 you guys could get a 0% mortgage!!!!

I used to work in the car business and used to get 510s, 520s...590s sometimes, very rarely did we get someone in the 700s. What are you secrets???

 

[DavidS2]

Agreed---someone TOLD Congress to pass a bailout or else. How can we possibly come to any other conclusion ?

Bush threatened martial law if they didn't pass the bailout bill. There are several documented incidents of this.

 

[Andrew2382]

What?

I heard Nicholas Sarkozy on the radio yesterday blaming excessive American deregulations. I agree with him. You probably think it was Clinton/Carter giving poor people loans. As if that could possibly crash the world economy.

I looked on the net and here is what I found:

Free-market ideology deeply flawed, says Sarkozy
The world financial crisis shows that free-market ideology is now discredited and that economies need strong state intervention to succeed, French President Nicolas Sarkozy said on Thursday.

French President Nicolas Sarkozy urged a summit meeting on the U.S. financial crisis as African, Asian and Latin American presidents used United Nations speeches to blame American mismanagement for creating the economic peril.

Sarkozy, whose country currently holds the rotating presidency of the European Union, called for a meeting of leaders of the world's industrialized nations in November to deal with what he called the ``mad system'' that produced the meltdown.

UN Secretary-General Ban Ki-moon said the crisis ``endangers all our work'' to ease poverty and hunger in poor nations. Even Argentina, which defaulted on $95 billion of debt in late 2001, had harsh words for the U.S. about the economic contagion spreading around the world.

(snip)
Sarkozy told reporters his proposed summit should establish ``principles and new rules'' to regulate financial markets and punish those who ``jeopardize people's savings.'' Leaders should focus on excessive executive salaries that reward success without penalizing failure, he said.

• "Sarkozy [Nicolas Sarkozy, the President of France] said 'laissez-faire' economics, 'self-regulation' and the view that 'the all-powerful market' always knows best are finished."

lol, i heard Sarkozy

/facepalm

No it had nothing to do what so ever with giving hundreds of thousands people homes they couldn't afford and companies buything tose mortgages as securities which then turned rotten after the bubble popped.

It's all on deregulation, and when Bush wanted to fuckign regulate it he got shot down.

It's ok tho, apparently Sarkowzy knows everything, maybe you should do us the favor bnobo and move to France. They breed pussies, you would fit in perfectly

"Free-market ideology deeply flawed, says Sarkozy
The world financial crisis shows that free-market ideology is now discredited and that economies need strong state intervention to succeed, French President Nicolas Sarkozy said on Thursday."

Wow, a socialistic remark from a man who runs a socialistic nation. Who woulda thunk it.

 

[sealybobo]

lol, i heard Sarkozy

/facepalm

No it had nothing to do what so ever with giving hundreds of thousands people homes they couldn't afford and companies buything tose mortgages as securities which then turned rotten after the bubble popped.

It's all on deregulation, and when Bush wanted to fuckign regulate it he got shot down.

It's ok tho, apparently Sarkowzy knows everything, maybe you should do us the favor bnobo and move to France. They breed pussies, you would fit in perfectly

"Free-market ideology deeply flawed, says Sarkozy
The world financial crisis shows that free-market ideology is now discredited and that economies need strong state intervention to succeed, French President Nicolas Sarkozy said on Thursday."

Wow, a socialistic remark from a man who runs a socialistic nation. Who woulda thunk it.

You're the pussy.

Sorry, but when the rest of the world says you are a ****, you are a ****.

We're done listening to your ignorant ideas that if the rest of the world disagrees with America, then fuck them. Because they don't disagree with my half of America. They disagree with you conservative pricks, who are wrong. Have been wrong for 8 years.

 

[Andrew2382]

You're the pussy.

Sorry, but when the rest of the world says you are a ****, you are a ****.

We're done listening to your ignorant ideas that if the rest of the world disagrees with America, then fuck them. Because they don't disagree with my half of America. They disagree with you conservative pricks, who are wrong. Have been wrong for 8 years.

Thats what I mean, you're a self loathing prick.

You hate this country, admit it.

You think I give a fuck what France and countries in Africa say about us. Lets see what those shit hole countries in Africa think if we cut off the billions we send over in Aid.

Wow, big fucking surprise that France is ready to come down on the United States...here's a hint genius. France has never liked us and has and will always have animosity towards us.

Like I said, all pricks like you say is dregulation deregulation, deregulation, yet when bush wanted to regulate the GFE he got told to fuck off.

So spare me your bullshit

 

[DavidS2]

Thats what I mean, you're a self loathing prick.

You hate this country, admit it.

You think I give a fuck what France and countries in Africa say about us. Lets see what those shit hole countries in Africa think if we cut off the billions we send over in Aid.

Wow, big fucking surprise that France is ready to come down on the United States...here's a hint genius. France has never liked us and has and will always have animosity towards us.

Like I said, all pricks like you say is dregulation deregulation, deregulation, yet when bush wanted to regulate the GFE he got told to fuck off.

So spare me your bullshit

What about England? What about Spain? What about Germany? Does the opinion of ANY country on this country matter to you or fuck 'em all? Isolationist much?

 

[Andrew2382]

oo You mean the countries who have been feeding off our economy and now that it hit a bump they are crying for our downfall.

Also when I want your opinion David, I'll rattle your cage.

Besides, I thought Germany was goign to love us again, I mean didn't 100,000 people go see him in Berlin? Either Obama or the 4 major bands they had play prior to him...

Don't worry Obama will soon heal the world

 

[sealybobo]

Thats what I mean, you're a self loathing prick.

You hate this country, admit it.

You think I give a fuck what France and countries in Africa say about us. Lets see what those shit hole countries in Africa think if we cut off the billions we send over in Aid.

Wow, big fucking surprise that France is ready to come down on the United States...here's a hint genius. France has never liked us and has and will always have animosity towards us.

Like I said, all pricks like you say is dregulation deregulation, deregulation, yet when bush wanted to regulate the GFE he got told to fuck off.

So spare me your bullshit

Didn't France help us gain our independence from England?

Didn't we wait an awfully long time before we entered WW2?

And don't pretend Bush's ideas would have worked or been good. Please! And isn't it Congress that comes up with the ideas and the President just signs or veto's them? Remember the illegal immigration bill? Oh that sure fixed everything, huh? Didn't fix a god damn thing. But cost us billions. So no, Bush's ideas/plans would have SUCKED! And probably fucked things up worse.

I love this country. At least when liberals are in charge. I'll be honest, I was ashamed of of the US when Bush was ruining our good name all over the world.

Yea, it's much better when everyone hates us. Then Bush can let 9-11's happen and that gives him a reason to invade countries that had nothing to do with it. Never been prouder to be an American when he did that.

 

[sealybobo]

oo You mean the countries who have been feeding off our economy and now that it hit a bump they are crying for our downfall.

Also when I want your opinion David, I'll rattle your cage.

Besides, I thought Germany was goign to love us again, I mean didn't 100,000 people go see him in Berlin? Either Obama or the 4 major bands they had play prior to him...

Don't worry Obama will soon heal the world

David just bitch slapped your ignorant ass.

 

[sealybobo]

What about England? What about Spain? What about Germany? Does the opinion of ANY country on this country matter to you or fuck 'em all? Isolationist much?

I don't even get mad anymore David because guys like him and his party are now powerless!!!! It took some but it finally came true.

 

[DavidS2]

oo You mean the countries who have been feeding off our economy and now that it hit a bump they are crying for our downfall.

Also when I want your opinion David, I'll rattle your cage.

So, let's see... you don't England, France, you don't like Germany, you don't like me, you don't like Sealy... what DO you like?

Oh and by the way, I'll give you my opinion whether you like it or not.