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Welcome to the GoFuckYourself.com - Adult Webmaster Forum forums. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. |
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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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02-08-2009, 07:29 PM
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#1 |
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Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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Once The Stimulus Package Passes Geither Will Ask For Another $1 Trillion+ For Banks!
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02-08-2009, 08:00 PM
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#2 |
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I'm Lenny2 Bitch
Join Date: Mar 2001
Location: On top of my soapbox
Posts: 13,449
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It's ridiculous I agree.
Although to be fair, the $700 billion in TARP funds and the 1 trillion (I didn't read this particular story but I'm guessing it's for the bad bank idea?) are more like loans or asset purchases....and the taxpayer should get back most of their money..if not all of it plus interest. That's different than outright spending, which the stimulus was.
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02-08-2009, 08:37 PM
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#3 |
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Confirmed User
Join Date: Feb 2002
Location: Las Vegas
Posts: 6,504
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this seems simple.. im sure there is way more to it but
how much $ in bad assets (real estate related) do banks have? wouldn't it just be better if the government just absorbed all of real estate related bad debt (via a loan with some kind of interest) & let the banks get back to business - easing up on the credit crunch? either way the government would have tangible assets (even though they aren't worth as much on paper as they were when picked up).... but shit if we're throwing trillions of dollars at banks why not fucking own something and require a slice off the top until the banks are paid in full obviously i dont know the total $ of bad real estate debt but shit... wtf |
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02-08-2009, 09:19 PM
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#4 |
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ICQ:649699063
Industry Role:
Join Date: Mar 2003
Posts: 27,763
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Let's see if President Barack Obama suceeds in pushing the economic stimulus bill through Congress.
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Send me an email: [email protected] |
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02-09-2009, 12:58 PM
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#5 | |
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Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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Quote:
2) Our government, both Democrats and Republicans, always bails out wall street before Joe and Jane 6 Pack get anything. They take care of their own. |
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02-09-2009, 02:47 PM
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#6 | |
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Confirmed User
Industry Role:
Join Date: Jun 2003
Location: cyberspace
Posts: 8,022
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Quote:
And like you say, it makes no difference for the public/consumers (paying in the end for all the shit that's happening). |
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02-09-2009, 03:50 PM
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#7 |
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Confirmed User
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Join Date: May 2002
Location: Malaysia
Posts: 3,376
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I just dont get how this will all be paid back and is the US government printing money or is this coming from the purchase of US debt?
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02-09-2009, 03:56 PM
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#8 |
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Ah My Balls
Industry Role:
Join Date: Feb 2007
Location: Under the gold leaf ICQ 388-454-421
Posts: 14,311
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Sorry to burst your bubble it will be over 9 trillion
http://www.bloomberg.com/apps/news?p...Kok&refer=home I think we could have bought everyone single family's mortgage with the amount they are giving the banks.
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02-09-2009, 04:14 PM
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#9 | |
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Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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Quote:
The US will not pay this money back unless there is a huge increase in taxes and/or a large devaluation of the dollar. If Clinton had not repealed the Glass-Steagall Act we very well may not be in this mess at all...... |
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02-09-2009, 04:51 PM
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#10 | |
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Confirmed User
Industry Role:
Join Date: Jul 2004
Location: Philadelphia
Posts: 2,704
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Quote:
Think about it, that would have likely stimulated economy like nothing else.
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 50/50 lifetime payout - EXCLUSIVE CONTENT - CCBill CLiCK here for your Bun Beating Dollars. |
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02-09-2009, 05:02 PM
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#11 |
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Too lazy to set a custom title
Join Date: Dec 2004
Posts: 17,513
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obama ftw
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02-09-2009, 05:16 PM
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#12 | |
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Too lazy to set a custom title
Industry Role:
Join Date: Sep 2003
Posts: 22,651
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Quote:
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02-09-2009, 06:35 PM
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#13 | |
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Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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Quote:
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02-09-2009, 06:52 PM
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#14 |
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Ah My Balls
Industry Role:
Join Date: Feb 2007
Location: Under the gold leaf ICQ 388-454-421
Posts: 14,311
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And people laughed at Ron Paul when he said it could be over 5-10 trillion.
 We are being robbed at the fastest rate in history. Thank god for Keynesian economics and fiat money. The 9.7 trillion and 1 trillion and 890 billion money is not included in this chart. The spike is from Sept 2008 to current. BEFORE the market crashed. They knew it was coming, they were not going to tell you, then they planned on causing panic and stealing your money.  If you dont think the dollar and the us is fucked and that it can be saved with 1 trillion dollars you have your head in the sand. 
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