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View Full Version : Set me straight on the bailout




cska80
09-08-2008, 11:30 AM
Where is this bubble going to pop up next? Pumping all of this money into Fannie and Freddie is going to cause what to implode?

FrankRep
09-08-2008, 11:31 AM
Right now banks are imploding.

nullvalu
09-08-2008, 11:32 AM
It will cause a temporary rally in the markets, but ultimately like everything else the gov't has attempted recently, it will do nothing in the long run to hold off the coming market corrections that need to take place.

cska80
09-08-2008, 11:42 AM
It will cause a temporary rally in the markets, but ultimately like everything else the gov't has attempted recently, it will do nothing in the long run to hold off the coming market corrections that need to take place.

So I'm assuming we're going to see the same exact result we've seen since the Fed started 'addressing' this issue with bail outs and rate cuts. We'll see about 2 weeks of a wall street rally and it'll just start falling again. What about the dollar? I know this isn't going to cost just 200 billion, but no matter how much it is I assume we'll be printing or borrowing that money.

nullvalu
09-08-2008, 11:49 AM
printing or borrowing, either way it will have the same affect: devaluation of the dollar, loss of purchasing power, while at the same time increasing the size & scope of government and pushing us closer towards socialism.

what's one of the foundations of socialism? the government owns everything. FM & FM guaranteed 5 trillion in home mortgages. so in effect, the gov't now owns your home as they will be an authority on what happens with your loan.

fr33domfightr
09-08-2008, 12:02 PM
So I guess the American people absorb all the losses now. Private profit, public risk, thank you.


FF

constituent
09-08-2008, 12:07 PM
told ya cash was going to get reeeeeal important.

the question here is whether or not there will be consequences.

...and when i can expect to see my dividends payed-out.


get bailing suckers.



signed,


the government