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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: ecrire who wrote (13876)	12/12/2008 10:40:36 PM
From: ecrire	3 Recommendations Read Replies (2) \| Respond to of 50215

Unfortunately the Fed and Treasury largesse goes mostly to the least deserving,i.e. the perpetrators of all the mindless, insatiably greedy scum that ran the banks, insurance companies, mortgage manipulators, credit rating agencies, securitization originators, all in it for the fast buck,but all that is now history and we need to revive the livelihood of the people who are victimized. They need jobs, a roof over their heads and access to credit. Credit is the lifeblood of people and businesses and in my view the Fed is playing the crucial role in reversing this credit strangulation . As for GM,Chrysler and Ford, they will get help from TARP, but the managements are incompetent and should be replaced as a condition. Unions must be willing to cooperate so that they can compete on a level playing field.

To: ecrire who wrote (13876)	12/13/2008 8:05:39 AM
From: Fun-da-Mental#1	Respond to of 50215

"economically prostate with unthinkable pain for all" are you saying the country is feeling the glove? Fun-da-Mental

To: ecrire who wrote (13876)	12/13/2008 8:27:50 AM
From: Jillad	3 Recommendations Respond to of 50215

Thank you for the clarification. I do not agree with your thought process but I can respect it. I have a problem where two mutual parties agree and sign a piece of paper stating what action/responsibility they each will take and then one of the parties failing to hold up their part of the bargain. If the terms are unacceptable or may prove to be uncomfortable to one of the individuals, then it should not be agreed upon. This can be applied to the Freedom of Information Act, Union contracts, home mortgages, etc. Do you think it would be ok for your city, state, or federal government to confiscate your home and property for the benefit of the economy? I don't. You may be thinking that I am comparing apples to oranges and maybe I am, but you know what....apples and oranges are both fruit. Bottom line, it is never ok to "breach" a contract unless both parties involved agree. Time will tell if the "Fed intervention" will thwart the current crisis. I agree with Slider in the fact that the Feds are the problem and not the solution and I believe that "unthinkable pain for all" is right around the corner.