700 billion bailout

This finantial crisis is the top of the cream for us, we have many other issues going.

6 months ago the gov tried to increase export retentions to the land producers, we got a 3 month strike from them and no exports for that period, that hit us really hard. Finally after 3 months of strike, congress voted negative on the resolution.

Just this week, Gov is trying to take over private retirement funds, that wouldnt be so bad since they are thieves, but the problem is the gov is trying to grab money from wherever they can.
The most expensive thing in this country is the level of corruption this gov needs to sustent it's own structure.

Hi Guys.

I see on the news your Government is now buying into the US banks, how have they sold to you? We been told its the only way to go,and the top brass will not get there bonus this year in the banks we have bailed out.It must be me but what about all the bonus they have had over the last few years that has got us into this mess, think that should be paid back, it was all a illusion.

The thing that is pissing me off over here is the fact that the government immediatly found money to bail out the banks, but now they are argueing on how to get the budget in balance for next year...
They still come about 1,5 billion euro too short!
The elections were already one and a half year ago and the only thing they did here is fight amongst each other between North and South...

lochog what's happening with the Banks in your neck of the woods, another Bank here has had to be taken over by the Government plus 3 more needed cash as well to keep them going.

Score as of today
                     2 Banks are now owned by the Government
                     3 Need bailing out.

                     Cost so far for the taxpayer around £500 Billion,

They say its all going to work out when the bank shares go up and the Taxpayer will make a profit, some how I think it will be a very long time before that happens if at all.

Raw oil barrel is at it's lowest value since a looong time, it may have to do with economics coming slower

eric lavine wrote: these bastards toy with everybody, all of a sudden gas prices drop and it makes the American people think they are getting a deal at 2.90 a gallon, smoke and conquer tactics once again, it takes your mind off of other serious economic problems

Strange you mention that Eric... Gas prices went down all of a sudden over here too...
As I said it already somewhere else here before: the world is just one big village nowadays!

Hi Eric

The big news here are all the offshore Icelandic accounts may are local Authorities , Charities and Business looking at £25 billion is now frozen in Iceland.
Personal accounts should be safe if held in Iceland or UK but some are on small Islands which could be lost.

The bubble has well and truly burst all round the world now.

And to think that £16K my government has spent I could of had 4 year old SN oh well.

Hi Guys its getting bad here now only another £200 billion yesterday into the banks from every tax payer in the UK works out to around £16,000 each looks like taxes are on the way up may have to your end.

As for House costs on the slide now down 13% looks like we are following the US.

the average home in Cape Coral Fla 5 years ago was 250k, now you can snag the same home for 80k, I was in Cape Coral 5 years ago visiting and my friend was bragging that in 5 more years his home would be worth 500k because of the growth, he passed rest his soul, but he would roll over.

If we adjusted home rates it should be accross the board, for everyone, the ones in trouble and the ones that are not,
there still are people out there with these arm loans that can afford to make the payments but had bad credit at the time, we need the extra cash flow in the economy to bye everyday things, lets say if you had a house payment of $1500 per month and it was re-adjusted and dropped your payment to 750.00 you would have a surplus of money to save or to put back into the economy
you cant turn the other cheek on this one, the world is watching and i do agree on what both canidates talk on Foriegn policy, we need alternative fuels NOW, we cant keep fueling other countries economy's, some countries have different motives....700 billion a year goes abroad for oil and into the hands of the people that ran into the buildings...thats just oil
Cars are another topic, we need to buy them within the walls of this country and keep the money here.
I didnt just hop on the bandwagon, i follow this stuff and always have and some may say im a conspirasist, Check who owns the Federal Reserve.....not the people, but a private corporation or maybe thats a conspiracy too

They'll get the boat or something....if I know how people are now-a-days.

Kinda cool Luciano to think of you being interested enough to watch our political goings-on down there. I gotta guess that not to many guys here evne know what type of political system you guys have!

You and Maite doin' ok? Business going good?

john

I heard McCain say that and I just about s**t. Talk about incentive to stop making payments.

I watched the debate last night... what did you all think?=

eric lavine wrote: what i really want to know is who winds up with all the foreclosed houses, the banks that wrote the bad loans or the government who is bailing the bad loan writers out

Don't worry about that Eric, the government's going to sell them and make "all" of our money back, you did know this was just a "loan" right?

i cant give out polictical preference, its unethical lol
BTW Greg i have a great movie i think you would enjoy, or Adam even. go to google click on video's and type in money masters 1

any feedback on the debate?
i think we'll have alot of fence jumpers