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turtle wrote:i have yet to talk with anyone who can say anything positive about those bailouts....what were we trying to prevent???....ijust dont understand....i just talked with someone who told me about general motors.
they seem to be back to business as usual with bonuses and they still owe us money...
The idea can be local protection with no long term loss. In this case the government decides that it can loan a huge amount of money to a corporation and this will first save a lot of suffering - unemployed workers, sad CEO who perhaps take a couple of 10K off their next salary, investors who lose money - and then longer term the money will come back. This can be one rationale. Another is a domino theory. This corporation fails and given its hugeness and interconnections with other corporations, others will fail, perhaps dragging the whole country into a recession or worse. This happened recently. Some economists would argue that the bailouts prevents more lines of falling dominos that would have sent more whole countries into the waste basket.turtle wrote:i have yet to talk with anyone who can say anything positive about those bailouts....what were we trying to prevent???....ijust dont understand....i just talked with someone who told me about general motors.
they seem to be back to business as usual with bonuses and they still owe us money...

Abstract wrote:i hear that there was something like an addition 14 trillion in bailouts performed secretly by the fed...
Duality wrote:just prolonging the inevitable and decreasing the odds of future biological/sociological survival for the culprits.
turtle wrote:so we are getting back to business as usual...
ad we will again reach a point where the banks will want a bailout...will we say again "too big to fail"?
James L Walker wrote:Duality wrote:just prolonging the inevitable and decreasing the odds of future biological/sociological survival for the culprits.
Not really. These sort of people have ten houses all over the world with a secret island or safehouse that nobody knows about. Most will disappear and laugh themselves to sleep every night.

We know they count on this. So the knowledge of bailout contributes to the damaging behavior. Nobody bailed me out when my personal economy crashed.turtle wrote:so we are getting back to business as usual...
ad we will again reach a point where the banks will want a bailout...will we say again "too big to fail"?
Stoic Guardian wrote:It's Immortal Technique the Album is "Martyr" and it's free.
Abstract wrote:do you know of any other rap like that
Stoic Guardian wrote:Abstract wrote:do you know of any other rap like that
Like that? What specifically?
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