:::RHMT::: Real Home Made Turbo
General Category => General Discussion => Topic started by: random-strike on March 24, 2009, 11:32:53 PM
-
http://news.yahoo.com/s/nm/20090325/bs_nm/us_financial_aig (http://news.yahoo.com/s/nm/20090325/bs_nm/us_financial_aig)
WASHINGTON (Reuters) – The Obama administration on Tuesday mounted a full-scale push for government authority to shut down troubled institutions like insurer AIG to avoid the need for future bailouts.
U.S. Treasury Secretary Timothy Geithner, testifying before lawmakers still fuming about big bonuses for executives at bailout recipient AIG, called on Congress for new powers to take over big non-bank financial firms that run amok.
House Republican leader John Boehner told reporters the Treasury's request for authority to shutter non-banks sounded like "an unprecedented grab of power."
-
Yeah it's the begining of the end. Obamas the antichrist.
-
Not antichrist
Pro Hitler but in a African way
-
Not antichrist
Pro Hitler but in a African way
It's the African American way.
-
Hes gonna pull your pants down and give you a paddlln
-
We're in for it now, I'm just wondering when the shit is going to hit the fan.
On a side note did anyone listen to his bullshit press conference tonight?
-
We're in for it now, I'm just wondering when the shit is going to hit the fan.
On a side note did anyone listen to his bullshit press conference tonight?
helllll no, i just like looking at my case(s) of wolf
-
I agree with it
why bailout a company this year
to bail it out again next year after all the executives have been paid out?
Socialism :noel:
-
who the fuck does the govt think it is that it can just take over businesses?
how about this STOP GIVING THEM FUCKING MONEYAND LET THEM FAIL.
-
who the fuck does the govt think it is that it can just take over businesses?
how about this STOP GIVING THEM FUCKING MONEYAND LET THEM FAIL.
Thats exactly what was needed in the first place.
-
SRSLY asking
If the banks did fail that owned our mortgage. Who would we have to send the payments too? And if the answer is no one that you may spit out. The banks that didnt fail and people whos mortgages are still active do you see that being fair?
I say the luck of the straw would be my final answer the my own question.
Just wondering how you would feel if you had to pay and your neighbor was lucky and their bank closed out.
-
it doesnt work like that. other companies buy the mortgages from them. you dont get a free house out of it.
-
SRSLY asking
If the banks did fail that owned our mortgage. Who would we have to send the payments too? And if the answer is no one that you may spit out. The banks that didnt fail and people whos mortgages are still active do you see that being fair?
I say the luck of the straw would be my final answer the my own question.
Just wondering how you would feel if you had to pay and your neighbor was lucky and their bank closed out.
It Doesn't work like that. another bank buys the loans from the failed bank and the money goes to pay back the debt of he bankrupt bank.
None would get a free house out of it.
-
it doesnt work like that. other companies buy the mortgages from them. you dont get a free house out of it.
LOLZ
-
Im sure Obama would have new legislation made just as quickly as they did with the Big AIG bonus scandal.
-
it doesnt work like that. other companies buy the mortgages from them. you dont get a free house out of it.
LOLZ
that was weird haha
-
Two great minds think alike. I was just throwing a possible scenerio that the way things have been happening is a possibility.
-
Two great minds think alike. I was just throwing a possible scenerio that the way things have been happening is a possibility.
if no one bought the loans maybe, but there is always someone to buy the loans. its my dream to have my bank fail and me get a free house. lol
-
Peggy the Plumber, plumbing the depths of your wallet! (http://www.youtube.com/watch?v=RnkH28o_9gU#lq-lq2-hq-vhq)
-
http://www.southparkstudios.com/episodes/207897 (http://www.southparkstudios.com/episodes/207897)
-
I accidentally my mortgage. The whole thing.
-
Barack Obama - Antichrist (http://www.youtube.com/watch?v=Lo_DMX5JfhQ&feature=related#lq-lq2-hq-vhq)
-
this is the blackie revenge for slavery. ending the world...without a second thought
-
SRSLY asking
If the banks did fail that owned our mortgage. Who would we have to send the payments too? And if the answer is no one that you may spit out. The banks that didnt fail and people whos mortgages are still active do you see that being fair?
I say the luck of the straw would be my final answer the my own question.
Just wondering how you would feel if you had to pay and your neighbor was lucky and their bank closed out.
/yourself
Bank gives you loan>
Bank sells loan to different investment firms, mutual stock companies, etc. most of which are on wall street>
Wall street investors gets their money from people/companies in the country or from the European Union/China etc.>
When someone defaults on their mortgage the bank forecloses and sells it off to recover initial investment+added%/ or just attempt to recover their investment in order to continue work with other investors/not go broke>
When BANKS default on their loans, because their investments are no longer worth what they valued them to be, then all the capital that they have invested, results in the economic climate like today's.
No matter what, your loan is owned by someone, to think of an institution in it own entirety as a whole with no other attachments is to basic of thinking and means you need to read something other then the comic section of the newspaper. But in your case it wouldn't matter because you most likely couldn't filter out the false information anyways.
Education>fatbody
-
Its really a pretty big massive scam. If you owe me money that I loaned you (case at hand, a large sum of money) and then I died, would you pay my wife back? probably not.
-
Its really a pretty big massive scam. If you owe me money that I loaned you (case at hand, a large sum of money) and then I died, would you pay my wife back? probably not.
yes you would. If we had an agreement that was legal and set on papers with proof to back it I would have too. If it was a handshake no I wouldn't. But if lets say I brought a car from you got had it in writing with payments I had to make and sign and you die I am still obligated to owe you the debt. Its called probate. I would have to pay the money to your wife because she is your survivor and next the next heir to your name.
Now it would have to be public and your wife would have to demand the payment. So technically yea I could still have to owe you money if your wife demanded it if it was on public record. ;)
-
SRSLY asking
If the banks did fail that owned our mortgage. Who would we have to send the payments too? And if the answer is no one that you may spit out. The banks that didnt fail and people whos mortgages are still active do you see that being fair?
I say the luck of the straw would be my final answer the my own question.
Just wondering how you would feel if you had to pay and your neighbor was lucky and their bank closed out.
/yourself
Bank gives you loan>
Bank sells loan to different investment firms, mutual stock companies, etc. most of which are on wall street>
Wall street investors gets their money from people/companies in the country or from the European Union/China etc.>
When someone defaults on their mortgage the bank forecloses and sells it off to recover initial investment+added%/ or just attempt to recover their investment in order to continue work with other investors/not go broke>
When BANKS default on their loans, because their investments are no longer worth what they valued them to be, then all the capital that they have invested, results in the economic climate like today's.
No matter what, your loan is owned by someone, to think of an institution in it own entirety as a whole with no other attachments is to basic of thinking and means you need to read something other then the comic section of the newspaper. But in your case it wouldn't matter because you most likely couldn't filter out the false information anyways.
Education>fatbody
He might actually understand this, it has cartoons and shit.
The credit crisis as Antarctic expedition (http://vimeo.com/1933993)
Then there's the subprime primer, the best cartoon explanation ever...
http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true&pli=1 (http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true&pli=1)
-
this site is full of retards who barely scraped by in high school and think that the world beyond a 15$/hour wage is some kind of conspiracy
its fucking retarded some of the shit you morons think
-
this site is full of retards who barely scraped by in high school and think that the world beyond a 15$/hour wage is some kind of conspiracy
its fucking retarded some of the shit you morons think
+1
-
:(
hah
-
this site is full of retards who barely scraped by in high school and think that the world beyond a 15$/hour wage is some kind of conspiracy
its fucking retarded some of the shit you morons think
I scraped by in High School. Does it mean im to dumb to understand the financial system of the us, no. Besides mathematics and basic writing i didn't learn/study shit. I found that i was much happier learning about things related to automotive, making money and business practices related to making money. "Street smart" is a term we toss around too much, it feels like a hood rich term that often is used to label those who dropped out of school and live in ghetto's. In my case i would rather think of what i have learned as "Practical Education" none of the dumb-ed down shit they teach in public school.
So really we can talk all day about how the average person who scraped by in high school understands a basic level of knowledge surrounding the credit crisis, and at the same tiem we can have those who knew how to hear/read something 3 times, take a test and pass High School with a 3.8-3.9 who don't understand shit.
-
(https://realhomemadeturbo.com/forum/proxy.php?request=http%3A%2F%2Fi80.photobucket.com%2Falbums%2Fj186%2FDonaldDouglas%2FAmericaneocon%2Fobama-steveurkel.jpg&hash=d26eb24ce2ac6742211bd35813824428676f7c29)
-
(https://realhomemadeturbo.com/forum/proxy.php?request=http%3A%2F%2Fi80.photobucket.com%2Falbums%2Fj186%2FDonaldDouglas%2FAmericaneocon%2Fobama-steveurkel.jpg&hash=d26eb24ce2ac6742211bd35813824428676f7c29)
As fucked up as it is to laugh at the current economic situation of the US, I lol'd. What the hell else can you do when Obama is acting like the kid in the movie Blank Check (1994). I'm arming up so when america finally has enough and takes to the streets, I will hopefully be safe.