Citizen Bailout?

  • Wanna Join? New users you can now register lightning fast using your Facebook or Twitter accounts.
G

Gordon Gekko

Sicc OG
#1
May 15, 2002
4,689
15
38
#1
Ok, so now that they've flooded the airwaves trying to convince us that we need this 700 Billion Dollar bailout for the banks. It goes without saying that this bailout was funded with our tax dollars. Now I wonder, where's the bailout for the citizens? The average, everyday working citizen that's one paycheck away from being homeless. Or...the citizens that aren't employed at all because their companies were laying people off and/or firing people.
Where's the bailout for the citizens?
 
Mr. Nice Guy

Mr. Nice Guy

Sicc OG
#2
Nov 24, 2003
6,307
3,639
113
#2
Young Cutthroat said:
Ok, so now that they've flooded the airwaves trying to convince us that we need this 700 Billion Dollar bailout for the banks. It goes without saying that this bailout was funded with our tax dollars. Now I wonder, where's the bailout for the citizens? The average, everyday working citizen that's one paycheck away from being homeless. Or...the citizens that aren't employed at all because their companies were laying people off and/or firing people.
Where's the bailout for the citizens?
Click to expand...


What would you propose, sir?
 
HERESY

HERESY

THE HIDDEN HAND...
#4
Apr 25, 2002
18,326
11,459
113
www.godscalamity.com
www.godscalamity.com
#4
Collapse said:
No bailout whatsoever banks or citizens, its their fault they got themselves in this mess. Its not our duty to help them out of their own mess.
Click to expand...
Is what you say about fault applicable to this?
The average, everyday working citizen that's one paycheck away from being homeless. Or...the citizens that aren't employed at all because their companies were laying people off and/or firing people.
Click to expand...
 
C

Collapse

Sicc OG
#5
Oct 15, 2008
660
42
0
39
#5
Is it our fault citizens bought homes and didnt bother to read the contract to find out when their interest rates would rise doubling their payments?

Is it our fault they went out with their credit cards buying LCD's PS3's Computers, Pools, Stereos, Ipods, Surround Systems maxing their credit cards and not be able to afford their credit cards and mortgage?

Its not our duty to help them.
 
HERESY

HERESY

THE HIDDEN HAND...
#6
Apr 25, 2002
18,326
11,459
113
www.godscalamity.com
www.godscalamity.com
#6
Is it our fault citizens bought homes and didnt bother to read the contract to find out when their interest rates would rise doubling their payments? Is it our fault they went out with their credit cards buying LCD's PS3's Computers, Pools, Stereos, Ipods, Surround Systems maxing their credit cards and not be able to afford their credit cards and mortgage?

Its not our duty to help them.
Click to expand...
Not all citizens did this, and the op never said this was the case. The OP talked about two groups of people specifically: those living paycheck to paycheck and those fired or layed off because of their employer.

Please answer the question. All you have to do is read the bold in my last post, focus on that please.

Thankyou.
 
Mr. Nice Guy

Mr. Nice Guy

Sicc OG
#11
Nov 24, 2003
6,307
3,639
113
#11
I still want to figure out how we are going to "bail out" ourselves?


I send a $600 check to Heresy and he sends a $600 check to Collapse and Collapse sends a $600 check to me, and the government orchestrates this whole hodgepodge so it costs $3600 and subsequently decreases the original real value of the $600....and then BOOM BAPP KABLOW; problem solved :)
 
M

Miro

Sicc OG
#12
Sep 20, 2006
195
4
0
74
#12
would it have been cheaper to pay a portion of the bad mortgages, so that people can still continue to live in there houses?
 
G

Gordon Gekko

Sicc OG
#16
May 15, 2002
4,689
15
38
#16
This was actually a blog of mine. I only posted part of it here. Here's the rest of it. So...In depth, here's what I was really getting at.

Ok, so now that they've flooded the airwaves trying to convince us that we need this 700 Billion Dollar bailout for the banks. It goes without saying that this bailout was funded with our tax dollars. This is what's really crazy...the fact that the banks are the cause for so many Americans being over their head in debt. The tricks and scams that the banks are allowed to get away with. Things like charging "loan shark" interest fees on loans & credit cards, charging all sorts of fees on everything. Some banks even go as far as shredding a customer's payment or holding it until after it's due just so they can say that they never got the payment and charge them a late fee. The things that the banks are allowed to do should be illegal, but they aren't. Another thing that needs to be mentioned are the contracts. Trust me, the average person WOULD NOT understand the contracts unless you're a lawyer or you have a lawyer read over it for you. They know that most citizens cant afford to have a lawyer read over a contract for them. That's why they purposely write the contracts the way that they write them. The banks have been screwing American citizens for a while. Now when they get a taste of their own medicine, they want us to bail them out so they can continue screwing the citizens.

I also want yall to know that there was a Credit Card Company based in San Francisco, California that scammed a lot of citizens. This company's name was Providian. The owner was Andrew Kahr. That company was brought down, and had to repay 400 Million to the people that they cheated. Then the owner was hired by the federal government to be the new ethics czar of businesses. Also...please be aware that these banks that they want to be bailed out, these same banks funded a huge part of George Bush's presidential campaign.

Now I wonder, where's the bailout for the citizens? The average, everyday working citizen that's one paycheck away from being homeless. Or...the citizens that aren't employed at all because their companies were laying people off and/or firing people. The citizens that are in heavy debt because the banks have been greedy and used every nickel & dime tactic that they possibly could. Here's a quote from an owner of a popular bank in regards to their methods for cheating customers.

"Making people pay for access to credit is a lucrative business where it is practiced...the trick is charging a lot, repeatedly, for small doses of incremental credit."

Here's another quote from another bank owner.
"Slavery is alive and well in America. We target the lower and middle class because they are the easiest to rob. We love consumer lending. We're virutally in their wallets for the rest of their lives."

Now that you all see how dirty the banks are. Now ask yourselves...Where's the bailout for the citizens?
Click to expand...
 
You must log in or register to reply here.
Top Bottom