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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-16-09 05:20 PM
Response to Original message
4. Dear Mr. President
Please have whoever advised you that additional debt is a solution to a historically unprecedented credit bubble shot.

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  -Where's MY bailout - the fallacy in Obama's rationalization of the bank bailouts BelgianMadCow  Apr-16-09 05:02 PM   #0 
  - More trickle down nonsense leftover from the Smirk's Tarp Bailout.  deminks   Apr-16-09 05:10 PM   #1 
  - I think it supports his "multi-pronged" approach narrative.  empyreanisles   Apr-16-09 05:18 PM   #2 
  - Instead of $8 in lending we need an $8 increase in the hourly wage.  DURHAM D   Apr-16-09 05:18 PM   #3 
  - And who says we won't get this eventually?  empyreanisles   Apr-16-09 05:20 PM   #5 
  - Define when 'eventually' will trickle down please.  biopowertoday   Apr-16-09 05:24 PM   #7 
  - Fractional Reserve lending REQUIRES periodic wash-outs of bad debts  notesdev   Apr-16-09 05:31 PM   #8 
  - Sometimes, things need to die. I agree. But we are in an exceptional situation.  empyreanisles   Apr-16-09 05:37 PM   #15 
  - "orders of magnitude"  BelgianMadCow   Apr-16-09 05:46 PM   #16 
  - I would like to share your view -  DURHAM D   Apr-16-09 05:32 PM   #10 
  - Helping the banks only perpetuates the current system which apparently runs on  Raineyb   Apr-16-09 06:33 PM   #25 
  - Banks do not 'create' money.  soulcore   Apr-16-09 07:15 PM   #31 
  - Ever get a car loan? Buy a home? Small business loan?  empyreanisles   Apr-16-09 11:22 PM   #32 
  - They're not "Obama's long term plans"  JackRiddler   Apr-16-09 11:50 PM   #34 
  - Banks do not create money.  girl gone mad   Apr-17-09 05:34 PM   #38 
  - that's the essence yeah  BelgianMadCow   Apr-16-09 05:31 PM   #9 
  - Absolutely!  leftstreet   Apr-16-09 05:33 PM   #11 
  - Dear Mr. President  notesdev   Apr-16-09 05:20 PM   #4 
  - So, how IS the lending going?  biopowertoday   Apr-16-09 05:23 PM   #6 
  - If you qualify for a loan, you can get one  leftstreet   Apr-16-09 05:36 PM   #12 
  - Bailout is continuation of Bush policy ...  janedum   Apr-16-09 05:37 PM   #14 
  - Lending Drops at Big U.S. Banks  Hissyspit   Apr-16-09 06:28 PM   #23 
  - Are you self-employed?  HiFructosePronSyrup   Apr-16-09 05:36 PM   #13 
  - There is no need to prop up an insolvent bank to keep the lending going  BelgianMadCow   Apr-16-09 05:52 PM   #17 
     - They're not insolvent, they've been struck by systemic failure.  HiFructosePronSyrup   Apr-16-09 06:16 PM   #19 
        - Systemic failure that people warned against and those people  slipslidingaway   Apr-16-09 06:19 PM   #20 
        - yeah and the systemic failure IS the toxic assets  BelgianMadCow   Apr-16-09 06:21 PM   #21 
        - Odd then  notesdev   Apr-16-09 06:25 PM   #22 
        - Because of the bailout.  HiFructosePronSyrup   Apr-16-09 06:28 PM   #24 
           - You got no idea what you're talking about  notesdev   Apr-16-09 06:33 PM   #26 
              - So, basically, you're saying there never was an economic crisis.  HiFructosePronSyrup   Apr-16-09 06:41 PM   #27 
                 - Now you're just deliberately being an idiot  notesdev   Apr-16-09 06:54 PM   #28 
                    - Well then it's not really a crisis, is it?  HiFructosePronSyrup   Apr-16-09 06:57 PM   #29 
                       - The FINANCIAL crisis is at the too big to fail banks, and yes they should go in receivership  BelgianMadCow   Apr-16-09 07:03 PM   #30 
                       - These comments are so dumb they don't even qualify as sophistry.  JackRiddler   Apr-17-09 12:17 PM   #36 
        - Yes, minus their failures, everyone is a success!  girl gone mad   Apr-17-09 05:43 PM   #39 
  - K&R n/t  slipslidingaway   Apr-16-09 06:00 PM   #18 
  - I'd love to have seen ALL that bailout money going to green technology like giving homeowners  earth mom   Apr-16-09 11:31 PM   #33 
  - I heard President Obama say that if we give Americans a dollar they would only blow it on food  rhett o rick   Apr-17-09 12:02 AM   #35 
     - lol  JVS   Apr-17-09 12:50 PM   #37 

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