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The $700 billion we just got ripped-off? It won't do a goddamned

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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:36 PM
Original message
The $700 billion we just got ripped-off? It won't do a goddamned
bit of good. We'll be in worse shape than before and we'll be $700 billion poorer. That money should have went to us, not them.
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:37 PM
Response to Original message
1. We'll be "worthless dollar" poorer.
Inflation is just around the corner.
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prayin4rain Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:43 PM
Response to Reply #1
8. Exactly.... I am so f-ing mad!!! This is BS. I feel as angry as I did in 2004 when this evil
sick bastard got re-elected. :mad:
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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 01:11 PM
Response to Reply #1
14. Yep, but that would be the Fed's fault mostly..
for keeping interest rates artificially low for so long. Greespan turned on the spigots and nobody had the guts to turn them off.
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shadowknows69 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:37 PM
Response to Original message
2. I think I agree TE
I just wonder what the excuse will be, or the new request's price tag, when/if it doesn't stave off the collapse.
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CountAllVotes Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:38 PM
Response to Original message
3. a quick fix
that will not last. What a waste of money.

:dem:

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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:38 PM
Response to Original message
4. Congress just did the exact same thing that Herbert Hoover did in 1929.
It didn't stop the Republicon Great Depression then and it wont stop the destruction of this economy either.
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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:40 PM
Response to Original message
5. Read this, it might make you feel a little better..
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 01:06 PM
Response to Reply #5
11. Not so far.
He's talking about what should be in that worthless bill, not what is in it.
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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 01:10 PM
Response to Reply #11
13. He seems to think it was the best of all bad choices..
Pearlstein usually makes sense, he's not an ideologue, and he's been spot on for a couple of years now in what was coming down the pike. It made me feel a little better after reading it. Not much, but a little.
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cottonseed Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:40 PM
Response to Original message
6. Yea... the part we're not told is that they'll be asking for MORE in a few months.
The money seemingly can help with the mortgage debts out there, but the hedge funds and shadow banking system is melting down right now... Another $800 billion will be asked for later.
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:41 PM
Response to Original message
7. You're right.
It's like putting a band-aid on a flesh wound.....and we'll pay for this. Welcome to the United States of Corporate Amerika.
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jfkraus Donating Member (378 posts) Send PM | Profile | Ignore Fri Oct-03-08 01:04 PM
Response to Original message
9. Is there anything in the bill that changes the regulations
so Wall Street can't just take the money and do exactly the same thing with it come Monday?

**chirp chirp ** chirp chirp ** chirp chirp ** chirp chirp **
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WallStreetNobody Donating Member (389 posts) Send PM | Profile | Ignore Fri Oct-03-08 01:05 PM
Response to Original message
10. send a complain to CNBC about Gasparino's right-wing propaganda on housing crisis cause
Please send a complain to CNBC about what just aired through the link below:

Charlie Gasparino on CNBC just went off on a rant blaming the housing crisis on the Community Reinvestment Act (CRA) - this is a widely debunked racist right-wing talking point that was started by Ann Coulter of all people. While the others on the panel, who were actually financial experts, tried to argue against him he just shouted louder and louder and wouldn't let anyone speak and the piece ended. Please write to them through this link and complain about CNBC taking racist right-wing propaganda and pushing it as financial market analysis:

https://register.cnbc.com/email/EmailSupport.jsp
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Tierra_y_Libertad Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 01:09 PM
Response to Original message
12. How much lipstick will be needed when they tell us they need to bailout the bailout?
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