WaMu/ Wall Street dilema

[third_shift|studios]

What's your take on things? What are you doing with your money?

[KahanaReef]

Well, WaMu has been bought out. It's said to be a seamless merger.

WaMu is one of my banks and I have a couple of accounts there. I'm keeping my money put...

All my other accounts are with BofA.

I don't feel that we as tax payers should be bailing out all these banks though. Hopefully the republicans will prevail here and help come up with a better plan.

[0rion]

is the govt. going to bail me out if I get overdrawn at the bank someday?

[The Manalishi]

is the govt. going to bail me out if I get overdrawn at the bank someday?

Ummm...NO.

[Spaz]

Well, WaMu has been bought out. It's said to be a seamless merger.

WaMu is one of my banks and I have a couple of accounts there. I'm keeping my money put...

All my other accounts are with BofA.

I don't feel that we as tax payers should be bailing out all these banks though. Hopefully the republicans will prevail here and help come up with a better plan.

[Poppn]

There should be an indecisive option! But otherwise, I chose to go against the bailouts.

Reason being is in the next four years I'll be at an age where I'll be on my own and the way the government, taxes, investments (yes I have many) and the economy are run will more directly affect me as a citizen. The American citizens shouldn't have to pay for greedy CEO's and big business, UNLESS of course something is given to us in return when everything (hopefully) is all settled and done.

Don't get me wrong, it's not like I want the economy to go down the shit tube, I just bet there are better ways to go about fixing things than essentially writing a check for $700 billion and HOPING it works. If it DOESN'T work, we are fucked.

I've been watching CNN and MSNBC more now than I ever have (btw FOX News fucking blows donkey ass) as the next president will affect my generation just as much as the next, I want to make an informed decision on November 4th.

[0rion]

Ummm...NO.

how about WaMu? If I tell them that I'm in an economic crisis will they give me $700 billion dollars to ease my financial strain?

[zero_proto]

I would say do it, but damn. What happens if we don't do it. I also figure there has to be a better way, but i have no idea what.

[KahanaReef]

Weird? Seems they are the only ones fighting this bail out at the moment...

[0rion]

I would say do it, but damn. What happens if we don't do it. I also figure there has to be a better way, but i have no idea what.

let the oil companies loan them some money....they're making it hand over fist these days.

[The Manalishi]

how about WaMu? If I tell them that I'm in an economic crisis will they give me $700 billion dollars to ease my financial strain?

WaMu and the other banks screwed up with bad loans and poor management. The shouldn't get anything. If you manage your money as bad as they did then...sorry.

[KahanaReef]

how about WaMu? If I tell them that I'm in an economic crisis will they give me $700 billion dollars to ease my financial strain?

You mean J P Morgan

[The Manalishi]

Weird? Seems they are the only ones fighting this bail out at the moment...

It say Werd. He agrees with you.

[0rion]

WaMu and the other banks screwed up with bad loans and poor management. The shouldn't get anything. If you manage your money as bad as they did then...sorry.

right, if I make stupid ass decisions I pay the consequences. If they make stupid ass decisions I pay the consequences.

[Spaz]

Weird? Seems they are the only ones fighting this bail out at the moment...

not weird... it says "werd"...

[The Manalishi]

right, if I make stupid ass decisions I pay the consequences. If they make stupid ass decisions I pay the consequences.

Only if our elected officials decide that. Unfortunately thats not usually a discussion that comes up during the campaign process so we don't usually know what they think about it. Up until recently there wasn't really a need to discuss it so I guess we have all learned a valuable lesson.

[KahanaReef]

It say Werd. He agrees with you.

lol, I thought the opposite

[Spaz]

let the oil companies loan them some money....they're making it hand over fist these days.

__________________________________________________ ____
I’m against the $85,000,000,000.00 bailout of AIG.


Instead, I’m in favor of giving $85,000,000,000 to America in a “We Deserve It Dividend”.


To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+.


Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up...



So divide 200 million adults 18+ into $85 billon that equals $425,000.00 each.


My plan is to give $425,000 to every person 18+ as a”We Deserve It Dividend”.


Of course, it would NOT be tax free. So let’s assume a tax rate of 30%.


Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam.


But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife have $595,000.00.


What would you do with $297,500.00 to $595,000.00 in your family?

Pay off your mortgage – housing crisis solved.

Repay college loans – what a great boost to new grads

Put away money for college – it’ll be there

Save in a bank – create money to loan to entrepreneurs.

Buy a new car – create jobs

Invest in the market – capital drives growth

Pay for your parent’s medical insurance – health care improves

Enable Deadbeat Dads to come clean – or else


Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back and of course, for those serving in our Armed Forces.


If we’re going to re-distribute wealth let’s really do it...instead of trickling out a puny $1000.00 ( “vote buy” ) economic incentive that is being proposed by one of our candidates for President.


If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!


As for AIG – liquidate it.

Sell off its parts.

Let American General go back to being American General.

Sell off the real estate.

Let the private sector bargain hunters cut it up and clean it up.


Here’s my rationale.We deserve it and AIG doesn’t.


Sure it’s a crazy idea that can “never work.”

Can you imagine the Coast-To-Coast Block Party?

How do you spellEconomic Boom?


I trust my fellow adult Americans to know how to use the $85 Billion “We Deserve It Dividend”more than I do the geniuses at AIG or in Washington DC.


And remember, the plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.


PS: Feel free to pass this along to your pals as it’s either good for a laugh or a tear or a very sobering thought on how to best use $85Billion!!__________________________________________________ ______




this is from an e-mail i got...

[KahanaReef]

not weird... it says "werd"...

I've already been spanked on that one ...

[Spaz]

I've already been spanked on that one ...