Originally Posted by istealfreefood

unless the American dollar becomes worthless. It started being worth less awhile ago, and has just gotten worse. Hell, a Canadian dollar is worth more than a US dollar now!

Convert your money to Euros first?

I don't know what you are worried about according to this email the government has it all sorted...

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Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.

This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout(at)treasury(dot)gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.

Yours Faithfully Minister of Treasury Paulson
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I am guessing the Nigerians are at it again.

I have a checking account at Wachovia and my Mortgage is with Washington Mutual this is becoming grim.

However come what may I am not in favor of this bail out. Let the market run it's Natural Course

Topmaul Economic's or Code of the Pirate economics

"If you fall behind, Your left behind"

Coupled with the right to triumph is the right to FAIL. Can't have one without the other or the order of the universe is upset. The risk of failure is what makes us human.

Inevitably there has to be some form of bail out it would be suicide for any government to let so many people lose out while doing nothing.

It would also have had a better chance at passing I think had Pelosi not attacked Republicans this morning.

Their have been warnings about this for 1-3 years prior, even Tony Snow before he died, by the Republicans. I still hear Barney Frank saying their is no problems with Freddie or Fanny.

777 down today.

Originally Posted by AikiRooster

It would also have had a better chance at passing I think had Pelosi not attacked Republicans this morning.

You really think that one of those speeches, which as Barney Frank says himself that no one ever listens to, really caused Repulbicans to say, "Forget the country, let's go after Pelosi"?

I dissagree let them fail, or next time CEOs will just become out of control because if worst comes to worst the government will just bail us out. So why think long term, just get the stock holders what they want right now screw the future.

Let them FAIL it is the only way to make things right.

Look at it this way in years gone by a man would scrimp and save for an engagement ring to give the woman he loves. The ring may not be much by todays standards but the woman would know how the guy had to save every penny to be able to afford it for her it would represent true love and effection and really mean something.

Today a guy goes down to the mall opens a line of credit and gets the woman of his dreams a huge rock that that he can't afford and the two of them pay for it for years.

We need to get back to hard work meaning something and learn to save not run up consumer credit till we can only make minimum payments.

One more day like yesterday on Wall St and we are into 1930's scenario.

Fingers need to be pulled out and systems put into place. Can Paulson keep his thumb in the dyke until Thursday when they are back for another bite?

Dow Jones dropped $1 trillion yesterday.

Originally Posted by Topmaul

I dissagree let them fail, or next time CEOs will just become out of control because if worst comes to worst the government will just bail us out. So why think long term, just get the stock holders what they want right now screw the future.

Let them FAIL it is the only way to make things right.

Look at it this way in years gone by a man would scrimp and save for an engagement ring to give the woman he loves. The ring may not be much by todays standards but the woman would know how the guy had to save every penny to be able to afford it for her it would represent true love and effection and really mean something.

Today a guy goes down to the mall opens a line of credit and gets the woman of his dreams a huge rock that that he can't afford and the two of them pay for it for years.

We need to get back to hard work meaning something and learn to save not run up consumer credit till we can only make minimum payments.

They have failed. The goverment has to do something, unless of course you actually want to live in a depression. Cause doing nothing is going to bring that on.

As for the CEO's they should be decorating light poles up and down Wall Street ...suspended by their necks.

Originally Posted by Topmaul

I dissagree let them fail, or next time CEOs will just become out of control because if worst comes to worst the government will just bail us out. So why think long term, just get the stock holders what they want right now screw the future.

Let them FAIL it is the only way to make things right.

Look at it this way in years gone by a man would scrimp and save for an engagement ring to give the woman he loves. The ring may not be much by todays standards but the woman would know how the guy had to save every penny to be able to afford it for her it would represent true love and effection and really mean something.

Today a guy goes down to the mall opens a line of credit and gets the woman of his dreams a huge rock that that he can't afford and the two of them pay for it for years.

We need to get back to hard work meaning something and learn to save not run up consumer credit till we can only make minimum payments.

So you think it is more important that 10 bankers go to jail than 150000 working class slobs keep their homes?