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Taxpayers just might refuse to bail them out anymore.
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I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh -
is that not exactly what taxpayers are doing right now."The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.
"The most obvious predicition about the future is that it will be mostly like the past" - Alain de BottonComment
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Yeah, I think that if this passes in any form, that it will be the last bailout, especially if the taxpayers don't get their money back, which I think is a real possibility.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Hmmyeah, Belgian municipalities already owned 16.2% of Dexia and the French state owned 11.7% (via CDC). Along with those municipalities, Arcofin (17.7%) and Ethias (6.3%) are putting in €1 billion (can't find a further breakdown). The rationale for wiping out the shareholders is somewhat weak in this case.Originally posted by DanS
Again, your gov'ts sure are being generous.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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Hell, what happens if those fail next week? I guess you can rely on your hunch feeling to gather the consequences.Originally posted by Guynemer
Here's what I don't get about this whole thing. (Okay, one thing I don't get about this whole thing... economics ain't my bag.)
One of the mantras we keep hearing on the news from financial gurus and pundits and politicians is that these companies "are too big to fail."
In the meantime, bank after bank after bank is getting bought up and merged with others, creating even bigger banks. So what happens if these new monsters fail 10, 20, 50 years from now?DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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Don´t worry - the bailout will come, once the purpose of the crises has completely been achieved and green lights been given to all members of congress.Comment
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Whoops, misread your argument.Originally posted by DanS
If so, they haven't articulated the argument well at all.Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...Comment
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Originally posted by Kidicious
We elect Comrade McSnuggles as president.
Please do not feed the ego.
Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...Comment
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Hah! Wasserman Schultz voted for this bailout.Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...Comment
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Now you will win for sure
<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.Comment
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I can dream, can't I?Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...Comment
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Time to cut some ads, Comrade! You may have some company in Congress!Originally posted by Comrade Snuggles
Hah! Wasserman Schultz voted for this bailout.If you look around and think everyone else is an *******, you're the *******.Comment
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Yikes. This is precisely the situation that we want to avoid. Why didn't all the gov't entities divest themselves during the good times?Originally posted by Colonâ„¢
Hmmyeah, Belgian municipalities already owned 16.2% of Dexia and the French state owned 11.7% (via CDC). Along with those municipalities, Arcofin (17.7%) and Ethias (6.3%) are putting in €1 billion (can't find a further breakdown). The rationale for wiping out the shareholders is somewhat weak in this case.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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BTW: I forgot to mention Arcofin is the investment company of the christian labour union in Belgium.
The municipalities like the dividends. France didn't have the political momentum to privatise CDC, I guess. They've been running their participation with share value in mind though.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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*ahem* EurocomOriginally posted by DanS
Yikes. This is precisely the situation that we want to avoid. Why didn't all the gov't entities divest themselves during the good times?
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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