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700 billion, What should we do with it?

Discussion in 'Members' Lounge' started by reckedracing, Nov 12, 2008.

  1. reckedracing

    reckedracing TTIWWOP VIP

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    WASHINGTON – Treasury Secretary Henry Paulson said Wednesday the $700 billion government rescue program will not be used to purchase troubled assets as originally planned.

    Paulson said the administration will continue to use $250 billion of the program to purchase stock in banks as a way to bolster their balance sheets and encourage them to resume more normal lending.

    He announced a new goal for the program to support financial markets, which supply consumer credit in such areas as credit card debt, auto loans and student loans.
    Paulson said that 40 percent of U.S. consumer credit is provided through selling securities that are backed by pools of auto loans and other such debt. He said these markets need support.

    "This market, which is vital for lending and growth, has for all practical purposes ground to a halt," Paulson said.
    The administration decided that using billions of dollars to buy troubled assets of financial institutions at the current time was "not the most effective way" to use the $700 billion bailout package, he said.
    The announcement marked a major shift for the administration which had talked only about purchasing troubled assets as it lobbied Congress to pass the massive bailout bill.

    Paulson said the administration is exploring other options, including injecting more capital into banks on a matching basis, in which government funds would be supplied to banks that were able to raise capital on their own.
     
  2. 95b16coupe

    95b16coupe New Member

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    whores and coke

    at least thats what the executives of ceo's are going to do with it if it isn't directly allocated to debt. if we want a real bailout, somebody needs to be in charge. thats like giving a crackhead money to spend on rehab, not gonna happen. someone needs to handle it, and handle it well.
     
  3. BigJ

    BigJ I'm just about that action Boss. VIP

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    Interesting.


    Different Scheme on things. I'm wondering what buffet thinks on this?














    and he backed obama.
     
  4. 95b16coupe

    95b16coupe New Member

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    buffet is buying up the u.s. he has the king midas touch. he's an alchemist, he turns everything to gold. it is either a good buy, or everybody jumps on his bandwagon and pushes prices.
     
  5. Briansol

    Briansol Admins Admin VIP

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    i think its a great time to buy in on financials :)
     
  6. E_SolSi

    E_SolSi Member of the 20 nut club Moderator VIP

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    :eek: $700,000,000,000.00 worth of coke and whores :eek:

    lemme just sit here and try to take that thought in for a second


    damn..........


    i mean seriously fuckin DAMN!!!!!!
     
  7. dacheat

    dacheat ..is grounded.

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    roll it and smoke it. it's fucking funny money anyway. :shrug2:
     
  8. eg6sir

    eg6sir Supa Mod Moderator VIP

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    give it to me.. :D
     
  9. jamesA

    jamesA Well known pissed off telephone guy VIP

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    In that case, I just need 100k. Let me borrow it interest and repayment free.

    I heard on talk radio that if that 700b was given out to the people with the loans, then 100% of loans 75k or less would be paid off in full and 50% of loans 150k or less would be paid off in full.

    This fixes a lot of things;

    1. the institutions with the loans bank it all for lending under better terms.
    2. the people have mortgage burning parties, buy food and beer, then have money to go out and spend every month on top of that, ie. money to spend to help build the economy.

    If I didn't have a mortgage right now... oh man *dreams*
     
  10. dacheat

    dacheat ..is grounded.

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    sounds like that talk radio-flavored koolaid. :ph34r:

    seriously though - you give money to people, they don't pay their mortgage, they go buy hookers and blow. the logic there is flawed.
     
  11. Briansol

    Briansol Admins Admin VIP

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    it also makes america fucking pathetic.

    oh hai! you bought a house? don't worry if you can't afford it. we'll pay for it.


    socialism sucks.
     
  12. jamesA

    jamesA Well known pissed off telephone guy VIP

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    If you bought a house for 68k, have paid off 1,000 of it in 19 months, you'd seriously not pay off a mortgage if the government handed you exact pay off? :huh:

    I'm sure...
     
  13. Briansol

    Briansol Admins Admin VIP

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    if the gov't handed me a pay off, i'd never work again. Why should i? they'll just fix all my mistakes for me.

    ohh! i'll have 2321 kids while i'm at it.

    don't worry, B will pay for it.
     
  14. jamesA

    jamesA Well known pissed off telephone guy VIP

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    Or just move to Utah and have 100 wives to make all those 2321 kids, then make the wives work while you be a house dad.
     
  15. BigJ

    BigJ I'm just about that action Boss. VIP

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    You really are full of yourself in regards of how much tax you pay aren't you?

    :p




    We know. We Know. You want to keep your tax dollar.






















    and to answer your question, no I didn't pee my pants. I just urinate a lot.
     
  16. BigJ

    BigJ I'm just about that action Boss. VIP

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    I'm goipng to college to be a house dad. Gotta find that one.
     
  17. E_SolSi

    E_SolSi Member of the 20 nut club Moderator VIP

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    one wife = :ranting2: "nag nag nag"
     
  18. E_SolSi

    E_SolSi Member of the 20 nut club Moderator VIP

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    100 wives = :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag"
     
  19. E_SolSi

    E_SolSi Member of the 20 nut club Moderator VIP

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    :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag" :ranting2: "nag nag nag"


    no thanks


    can only post 50 smilies per post
     
  20. Briansol

    Briansol Admins Admin VIP

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