View Single Post
  #5 (permalink)  
Old 10-20-2008, 11:43 AM
cobra de capell cobra de capell is offline
Banned
Visit my Photo Gallery

 
Join Date: Nov 2003
Location: Middle Of Nowhere, USA
Cobra Make, Engine: ERA 428 FE 4-speed CR "TL" heavy spline
Posts: 3,907
Not Ranked     
Default

cobrabill - I don't agree with the bailout being socialism. If you were just a little bit smarter and not a huge buggerin' wanker you would realize that the action taken is the result of socialism, specifically allowing/encouraging/requiring large financial institutions to lend mortgage funds to people that didn't qualify; using FANNIE and FREDDIE to process those loans into all kinds of bad paper. That was the perfect storm - it started in the 1990's and finally blow up in 2008.

I'm in the banking world - I saw what was happening from the front lines - that's why I'm personally been all cash for 2 1/2 years, not in the market, renting, etc.

Once socialism is put in place in a capitalism market, it will destroy that market down the road. Now, BO promises more of the same, he will destroy America as we know it with a little help from huge buggerin' wankers just like you.

Also, get back to work on the government job you have - you should not be posting here during government hours.