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Ahhhhh, corporate welfare. 25 billion worth.


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AS long as it is helping out rich CEO's who are running their work places into the ground and not feeding hungry kids, I guess it's okay.

I mean, hungry kids are hungry because of the choices they made and coprporations are helpless victims, right?

This is pure socialism. Taking my tax money and bailing out some rich white men.

http://news.yahoo.com/s/ap/20080722/ap_on_...ie_freddie_cost

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pencilpusher (7/22/2008)
AS long as it is helping out rich CEO's who are running their work places into the ground and not feeding hungry kids, I guess it's okay.

I mean, hungry kids are hungry because of the choices they made and coprporations are helpless victims, right?

This is pure socialism. Taking my tax money and bailing out some rich white men.

http://news.yahoo.com/s/ap/20080722/ap_on_...ie_freddie_cost

Well, as much as I hate corporate bailouts, the alternative is to let Fannie and Freddie tank. Then all the bondholders lose everything. And there would be considerably less outlets for mortgages, so rates would climb. It's not really bailing out the CEOs. Their shares have gotten obliterated in all of this. But it would be nice to see them lose their jobs, and the golden parachutes too.
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kicker23 (7/22/2008)
pencilpusher (7/22/2008)
AS long as it is helping out rich CEO's who are running their work places into the ground and not feeding hungry kids, I guess it's okay.

I mean, hungry kids are hungry because of the choices they made and coprporations are helpless victims, right?

This is pure socialism. Taking my tax money and bailing out some rich white men.

http://news.yahoo.com/s/ap/20080722/ap_on_...ie_freddie_cost

Well, as much as I hate corporate bailouts, the alternative is to let Fannie and Freddie tank. Then all the bondholders lose everything. And there would be considerably less outlets for mortgages, so rates would climb. It's not really bailing out the CEOs. Their shares have gotten obliterated in all of this. But it would be nice to see them lose their jobs, and the golden parachutes too.

But they will lose neither. And regardless of the consequences you mentioned, which are true and real, all it does is give institutions the go ahead to do what they wish and wait for the bail-out, which is what some argue personal welfare does.

I remember when I was unemployed I had to cash in my 401K and everyone told me the foolishness of it. At the time I considered it foolish to be homeless with a retirement savings.

now looking at stuff like this I wonder if I would have had anything left at all anyway. I guess it's better that I spent it instead of losing it all when an idiot CEO bankrupted any savings.

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shc (7/22/2008)
Correction, it is i the choices that the hungry parents make that keep the kids hungry

Correction noted, but it is that fact that a few select people like to point out. " They are poor and hungry because of the choices they made!"

Well, Fannie mae is in their situation because of choices they made.

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pencilpusher (7/22/2008)
I remember when I was unemployed I had to cash in my 401K and everyone told me the foolishness of it. At the time I considered it foolish to be homeless with a retirement savings.

LOL, that is a great quote.

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pencilpusher (7/22/2008)
AS long as it is helping out rich CEO's who are running their work places into the ground and not feeding hungry kids, I guess it's okay.

I mean, hungry kids are hungry because of the choices they made and coprporations are helpless victims, right?

This is pure socialism. Taking my tax money and bailing out some rich white men.

http://news.yahoo.com/s/ap/20080722/ap_on_...ie_freddie_cost

Well don't think us rich white men don't appreciate it!:D

 

 

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shc (7/22/2008)
pencilpusher (7/22/2008)
I remember when I was unemployed I had to cash in my 401K and everyone told me the foolishness of it. At the time I considered it foolish to be homeless with a retirement savings.

LOL, that is a great quote.

Yea, for sure that the rent wasn't going away just because I was unemployed. Sometimes people give the strangest advice.:P

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octoslash (7/22/2008)
pencilpusher (7/22/2008)
AS long as it is helping out rich CEO's who are running their work places into the ground and not feeding hungry kids, I guess it's okay.

I mean, hungry kids are hungry because of the choices they made and coprporations are helpless victims, right?

This is pure socialism. Taking my tax money and bailing out some rich white men.

http://news.yahoo.com/s/ap/20080722/ap_on_...ie_freddie_cost

Well don't think us rich white men don't appreciate it!:D

Well, ****..now I don't feel so bad about it now that I have been thanked.:)

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octoslash (7/22/2008)
pencilpusher (7/22/2008)
AS long as it is helping out rich CEO's who are running their work places into the ground and not feeding hungry kids, I guess it's okay.

I mean, hungry kids are hungry because of the choices they made and coprporations are helpless victims, right?

This is pure socialism. Taking my tax money and bailing out some rich white men.

http://news.yahoo.com/s/ap/20080722/ap_on_...ie_freddie_cost

Well don't think us rich white men don't appreciate it!:D

 

 

I resemble that remark :crying:

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pencilpusher (7/22/2008)
AS long as it is helping out rich CEO's who are running their work places into the ground and not feeding hungry kids, I guess it's okay.

I mean, hungry kids are hungry because of the choices they made and coprporations are helpless victims, right?

This is pure socialism. Taking my tax money and bailing out some rich white men.

http://news.yahoo.com/s/ap/20080722/ap_on_...ie_freddie_cost

I happen to agree with you except for your racial remark, and the hungry kids. You might find a lot of us capitalist here do not agree with the bailouts at all. People took out and institutions gave the loans on their own free will. I say let the market fix the problem. I am against all government handouts, whether they go to underserving freeloaders, farmers, or corporations. The wrong choice here is picking a program and saying that one is ok because you agree with it. It is all government welfare.

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