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  1. #1
    Senior Member Lateralus's Avatar
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    Default US to purchase $250 billion in bank stock

    The US government has announced a $250bn (£143bn) plan to purchase stakes in a wide variety of banks in an effort to restore confidence in the sector.

    President George W Bush said the move would help to return stability to the US banking sector and ultimately help preserve free markets.
    What a load of horse shit.

    BBC NEWS | Business | US unveils $250bn banking rescue
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

  2. #2
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    I don't really know much about all this stuff, but isn't that essentially the opposite of helping to preserve a free market?

  3. #3
    Order Now! pure_mercury's Avatar
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    See, THIS is OK, but allowing people to invest some or all of their Social Security payments into stocks and bonds is "wrong" and "undemocratic."
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  4. #4
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by SolitaryPenguin View Post
    I don't really know much about all this stuff, but isn't that essentially the opposite of helping to preserve a free market?
    Yes, and you apparently know more than you think.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  5. #5
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    I propose we formally change the declared economic and government structure of our country to socialist/communist when Obama gets voted in. No really, there's no point in fooling ourselves at that point.

  6. #6
    Queen hunter Virtual ghost's Avatar
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    Quote Originally Posted by Risen View Post
    I propose we formally change the declared economic and government structure of our country to socialist/communist when Obama gets voted in. No really, there's no point in fooling ourselves at that point.
    Believe me you are far away from communism even in that case.

  7. #7
    mountain surfing nomadic's Avatar
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    gov't should sell their equity stake eventually...

  8. #8
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    Yay socialism?

  9. #9
    resonance entropie's Avatar
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    your credit problem by the way is the perfect scapegoat to rise wages for our government.

    That will probably make me to give away 55% of my income.

    Yeah that's cool, come as you are, slave
    [URL]https://www.youtube.com/watch?v=tEBvftJUwDw&t=0s[/URL]

  10. #10
    Senior Member Enyo's Avatar
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    *sigh* I don't even know what to say about the state of my country anymore.

    Maybe I should just be happy that I'm out of it. And that's really sad.
    "If you can't be a good example, you'll just have to serve as a horrible warning." Catherine Aird

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