Thursday, July 1st, 2010

Re the bailout: How about we just keep the credit markets locked up for 6 months?

Credit Markets
Cracker Jax asked:


Let the crappy stuff fall through the floor as it should… Then reconsider the bailout/rescue then? That way WE get to decide on a resusitation plan. Whatever dies, dies. Maybe it wasn’t meant to live any longer. Darwinian theory….
Humm…and just why are we dependent on foreign investors anyway? Why are we borrowing money to finance a war where they hate us anyway. That is insanity!
Yeah…we free the world and our expense while we become the slaves!

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This entry was posted on Thursday, July 1st, 2010 at 12:00 am and is filed under Credit Limits. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Re the bailout: How about we just keep the credit markets locked up for 6 months?”

† Coming Soon † SFCU Says:
July 2nd, 2010 at 10:47 am

You are completely right.. We should actually vote on this one at the time of the presidential election.
This is a case of friends bailing out their friends that mismanaged their companies..
What do we call it when the Govt. openly ignores the will of the people? A very serious violation of the constitution and our constitutional rights..

Ben J Says:
July 3rd, 2010 at 12:42 am

The world community has been keeping the US afloat economically for years now. Ask Europe, China and the Arabs how much “credit” they hold.
Are you suggesting they cash in their bucks and drown the USA completely?
Ok. Maybe it wasn’t meant to live any longer.
In that case, I’m afraid its goodbye.

Rick Says:
July 3rd, 2010 at 8:20 pm

If you did that then all the foreign investors would pull their money out of US markets and everyhting would collapse, even all the good companies.

Many people think that have these easy short sighted unknowedgable theories that will work when, in fact they will collapse the whole system. It sounds good (for a political vote) but in practice it is horrible.

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