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  1. #101
    Senior Member Eileen's Avatar
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    Quote Originally Posted by Lateralus View Post
    Deserve? I can't get behind the idea that anyone 'deserves' anything.
    Well, I believe in justice. People who--at least to some degree--make victims of other people should suffer consequences.

    This is not to say that I sanction stupidity and irresponsibility on the parts of individuals, but predatory loaning is some shitty shit.
    INFJ

    "I can never be what I ought to be until you are what you ought to be. You can never be what you ought to be until I am what I ought to be. This is the interrelated structure of reality." -Martin Luther King, Jr.

  2. #102
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    Quote Originally Posted by oberon View Post
    ...and the Dow is down 600+ points as a result.

    Hmmm...
    We'll see Bailout II probably, Bailout I's slightly less offensive cousin. They do this with union contracts these days. Contract I has all sorts of bad things in it that benefit the company and the Union says "You boys better pass this one or it will be the end of the world and you'll lose your jobs etc."

    Then membership votes it down.

    Then Union leadership and company come up with a slightly less offensive contract (the half deal) and still make the dire warnings. Folks reason "Well this contract is at least not as bad as the last one, look we even got some of the things we wanted along with the bad."

    Contract II passes and so do some of the things the company really wanted, the first one was just to break the ice and see what the membership really would not abide.

    I'm not saying I am right, just that I'll be shocked if this is not the case.

  3. #103
    Senior Member ptgatsby's Avatar
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    Quote Originally Posted by heart View Post
    I'm not saying I am right, just that I'll be shocked if this is not the case.
    Oh, it might be a very interesting ride, with the economy being the ticket to presidency.

  4. #104
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    ^ Yes, a very elaborate Oct suprise this time. :0

  5. #105
    mountain surfing nomadic's Avatar
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    Quote Originally Posted by DigitalMethod View Post
    Hmm, yes, I was wondering.. how does this affect bonds?
    different for short end vs. long end

    if u are holding to maturity, doesn't matter tho.

  6. #106
    mountain surfing nomadic's Avatar
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    Quote Originally Posted by Eileen View Post
    Well, I believe in justice. People who--at least to some degree--make victims of other people should suffer consequences.

    This is not to say that I sanction stupidity and irresponsibility on the parts of individuals, but predatory loaning is some shitty shit.
    yeah they should be put in jail.

  7. #107
    Senior Member Gish's Avatar
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    Currently the bailout is like giving someone with a broken leg painkillers and telling them to walk it off, I don't know much about economics but I'm sure there are much better alternatives.
    Whoops.

  8. #108
    mountain surfing nomadic's Avatar
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    Quote Originally Posted by Gish View Post
    Currently the bailout is like giving someone with a broken leg painkillers and telling them to walk it off, I don't know much about economics but I'm sure there are much better alternatives.
    i see it as more of a way to buy time before finding a real solution...

    the bailout is like the emergency abulance (it really is that time sensitive)

    later on, the doctor has to give a serious remedy to change lifestyle habits, etc... once they aren't dead.

  9. #109
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    I have no doubt that a bailout will eventually take place. The stock market will take a big jump up again when they announce the deal.

  10. #110
    Oberon
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    Quote Originally Posted by Modern Nomad View Post
    different for short end vs. long end

    if u are holding to maturity, doesn't matter tho.
    ...assuming the issuing entity remains solvent.

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