HuntingNut
HuntingNut
   Login or Register
HomeCommunity ForumsPhoto AlbumsRegister
     
 

User Info

Welcome Anonymous


Membership:
Latest: RichardZ
New Today: 0
New Yesterday: 0
Overall: 13126

People Online:
Members: 0
Visitors: 548
BOT: 1
Total: 549
Who Is Where:
 Visitors:
01: Your Account
02: Home
03: Forums
04: Home
05: Forums
06: Photo Albums
07: Forums
08: Photo Albums
09: Forums
10: Forums
11: Home
12: Forums
13: Forums
14: Your Account
15: Forums
16: Forums
17: Photo Albums
18: Photo Albums
19: Forums
20: Forums
21: Home
22: Home
23: Photo Albums
24: Forums
25: Forums
26: Forums
27: Photo Albums
28: Forums
29: Forums
30: Forums
31: Forums
32: Forums
33: Forums
34: Forums
35: Your Account
36: Your Account
37: Photo Albums
38: Home
39: Your Account
40: Forums
41: Forums
42: Forums
43: Forums
44: Your Account
45: Forums
46: Forums
47: Forums
48: Forums
49: Forums
50: Forums
51: Forums
52: Forums
53: Forums
54: Forums
55: Forums
56: Forums
57: Forums
58: Forums
59: Forums
60: Forums
61: Forums
62: Forums
63: Forums
64: Forums
65: Home
66: Forums
67: Forums
68: Photo Albums
69: Forums
70: Forums
71: Home
72: Your Account
73: Your Account
74: Forums
75: Your Account
76: Forums
77: Forums
78: Forums
79: Forums
80: Forums
81: Forums
82: Forums
83: Forums
84: Forums
85: Forums
86: Your Account
87: Forums
88: Forums
89: Forums
90: Forums
91: Home
92: Forums
93: Forums
94: Your Account
95: Forums
96: Forums
97: Your Account
98: Forums
99: Forums
100: Forums
101: Forums
102: Forums
103: Forums
104: Forums
105: Forums
106: Forums
107: Forums
108: Forums
109: Forums
110: Forums
111: Forums
112: Photo Albums
113: Forums
114: Forums
115: Forums
116: Photo Albums
117: Photo Albums
118: Forums
119: Forums
120: Forums
121: Forums
122: Forums
123: Forums
124: Forums
125: Home
126: Forums
127: Forums
128: Forums
129: Forums
130: Forums
131: Forums
132: Your Account
133: Forums
134: Forums
135: Forums
136: Your Account
137: Your Account
138: Forums
139: Forums
140: Forums
141: Forums
142: Forums
143: Your Account
144: Forums
145: Forums
146: Forums
147: Forums
148: Forums
149: Forums
150: Home
151: Forums
152: Forums
153: Forums
154: Forums
155: Forums
156: Forums
157: Forums
158: Forums
159: Your Account
160: Photo Albums
161: Forums
162: Photo Albums
163: Forums
164: Forums
165: Forums
166: Forums
167: Photo Albums
168: Photo Albums
169: Forums
170: Your Account
171: Forums
172: Forums
173: Forums
174: Forums
175: Forums
176: Forums
177: Photo Albums
178: Forums
179: Forums
180: Home
181: Photo Albums
182: Forums
183: Forums
184: Forums
185: Your Account
186: Home
187: Forums
188: Photo Albums
189: Forums
190: Your Account
191: Forums
192: Forums
193: Forums
194: Forums
195: Forums
196: Forums
197: Forums
198: Forums
199: Forums
200: Forums
201: Forums
202: Forums
203: Forums
204: Home
205: Forums
206: Forums
207: Forums
208: Your Account
209: Photo Albums
210: Home
211: Forums
212: Forums
213: Photo Albums
214: Forums
215: Your Account
216: Forums
217: Forums
218: Your Account
219: Photo Albums
220: Forums
221: Forums
222: Forums
223: Forums
224: Forums
225: Forums
226: Your Account
227: Forums
228: Forums
229: Your Account
230: Forums
231: News
232: Your Account
233: Forums
234: Photo Albums
235: Forums
236: Forums
237: Forums
238: Forums
239: Photo Albums
240: Forums
241: Photo Albums
242: Forums
243: Your Account
244: Your Account
245: Your Account
246: Forums
247: Forums
248: Forums
249: Your Account
250: Forums
251: Your Account
252: Forums
253: Your Account
254: Forums
255: Photo Albums
256: Forums
257: Photo Albums
258: Forums
259: Your Account
260: Forums
261: Forums
262: Home
263: Forums
264: Forums
265: Home
266: Forums
267: Forums
268: Forums
269: Forums
270: Photo Albums
271: Forums
272: Forums
273: Forums
274: Forums
275: Forums
276: Home
277: Photo Albums
278: Forums
279: Forums
280: Forums
281: Photo Albums
282: Forums
283: Forums
284: Forums
285: Forums
286: News
287: Your Account
288: Forums
289: Forums
290: Forums
291: Forums
292: Forums
293: Home
294: Forums
295: Forums
296: Forums
297: Forums
298: Forums
299: Forums
300: Your Account
301: Forums
302: Forums
303: Forums
304: Forums
305: Your Account
306: Your Account
307: Forums
308: Forums
309: Forums
310: Forums
311: Forums
312: Forums
313: Forums
314: Forums
315: Forums
316: Forums
317: Forums
318: Forums
319: Your Account
320: Your Account
321: Your Account
322: Forums
323: Your Account
324: Your Account
325: Forums
326: Forums
327: Forums
328: Forums
329: Your Account
330: Photo Albums
331: Forums
332: Forums
333: Forums
334: Forums
335: Forums
336: Forums
337: Home
338: Forums
339: Home
340: Forums
341: Forums
342: Forums
343: Home
344: Photo Albums
345: Your Account
346: Forums
347: Photo Albums
348: Photo Albums
349: Forums
350: Forums
351: Forums
352: Home
353: Forums
354: Forums
355: Forums
356: Your Account
357: Forums
358: Forums
359: Forums
360: Forums
361: Photo Albums
362: Your Account
363: Your Account
364: Your Account
365: Forums
366: Forums
367: Forums
368: Forums
369: Your Account
370: Your Account
371: Home
372: Forums
373: Forums
374: Forums
375: Forums
376: Forums
377: Forums
378: Forums
379: Your Account
380: Forums
381: Your Account
382: Your Account
383: Forums
384: Home
385: Forums
386: Forums
387: Photo Albums
388: Forums
389: Home
390: Your Account
391: Your Account
392: Your Account
393: Forums
394: Forums
395: Forums
396: Forums
397: Forums
398: Forums
399: Forums
400: Forums
401: Forums
402: Home
403: Forums
404: Your Account
405: Photo Albums
406: Forums
407: Forums
408: Forums
409: Forums
410: Forums
411: Forums
412: Forums
413: Photo Albums
414: Forums
415: Forums
416: Your Account
417: Your Account
418: Forums
419: Your Account
420: Forums
421: Forums
422: Forums
423: Forums
424: Forums
425: Photo Albums
426: Home
427: Forums
428: Forums
429: Forums
430: Forums
431: Forums
432: Forums
433: Forums
434: Forums
435: Forums
436: Forums
437: Forums
438: Forums
439: Forums
440: Forums
441: Forums
442: Your Account
443: Forums
444: Forums
445: Forums
446: Forums
447: Forums
448: Forums
449: Forums
450: Statistics
451: Photo Albums
452: Home
453: Forums
454: Forums
455: Home
456: Forums
457: Forums
458: Your Account
459: Forums
460: Forums
461: Forums
462: Forums
463: Forums
464: Your Account
465: Forums
466: Forums
467: Forums
468: Forums
469: Forums
470: Your Account
471: Forums
472: Photo Albums
473: Photo Albums
474: Forums
475: Forums
476: Forums
477: Forums
478: Your Account
479: Home
480: Forums
481: Forums
482: Your Account
483: Forums
484: Your Account
485: Your Account
486: Forums
487: Forums
488: Forums
489: Forums
490: Forums
491: Forums
492: Photo Albums
493: Home
494: Forums
495: Forums
496: Forums
497: Forums
498: Forums
499: Forums
500: Home
501: Photo Albums
502: Forums
503: Home
504: Your Account
505: Forums
506: Forums
507: Forums
508: Forums
509: Home
510: Forums
511: Forums
512: Forums
513: Forums
514: Forums
515: Your Account
516: Photo Albums
517: Forums
518: Photo Albums
519: Forums
520: Forums
521: Forums
522: Forums
523: Forums
524: Forums
525: Forums
526: Forums
527: Forums
528: Forums
529: Your Account
530: Your Account
531: Forums
532: Your Account
533: Your Account
534: Forums
535: Forums
536: Forums
537: Forums
538: Forums
539: Home
540: Forums
541: Forums
542: Forums
543: Forums
544: Photo Albums
545: Forums
546: Photo Albums
547: Your Account
548: Your Account
  BOT:
01: Home

Staff Online:

No staff members are online!
 

Coppermine Stats
Photo Albums
 Albums: 308
 Pictures: 2451
  · Views: 820725
  · Votes: 1316
  · Comments: 86
 

The Financial Bailout
Discussion that doesnt fit other Topics
Go to page Previous  1, 2, 3, 4, 5  Next
Post new topic   Reply to topic   Printer Friendly Page    Forum Index » General

View previous topic :: View next topic  
Author Message
Handloader
Super Member
Super Member


Joined: Aug 22, 2005
Posts: 1032
Location: Phoenix, Arizona

PostPosted: Mon Sep 29, 2008 9:34 pm    Post subject: Re: The Financial Bailout Reply with quote

I was pleased to see the bailout was voted down today. The pork included in the bailout would have made a stripper blush. This Thursday, perhaps, they can get the bailout tuned to the point that it will pass.

Still, I wonder how it will help in the long run if the same companies keep doing the same thing? Seems all we are doing is postponing a financial day of rekoning. Seems like the more we meddle with the market, the worse things become. Seems like we may be ripe for a competitive third political party, one the wants the Gold Standard back and requires balanced budgets. Seems like we may be edging closer to an internal revolution if social and economic pressures continue to escalate.

So, if all we are really doing is postponing a major correction, I say bring it on now. Let's cut down the red tape, let's slash the politically correct demons from our country, let's get back to a workable and understandable economy where my dollar today will be worth a dollar tomorrow and next year. Let's git r done, the sooner the better. Let the cards fall where they may.

Incidentally, seems like our financial problems as a nation began when we abolished the Gold Standard. Seems like we have some really good economic minds on this list that could clarify that point; I know my college profs thought it was useless and that the currency was only as good as the confidence placed in it. With confidence at an all time low, seems like they were right.
Back to top
View user's profile
dust54
Member
Member


Joined: Mar 31, 2006
Posts: 204
Location: Gurley, AL

PostPosted: Tue Sep 30, 2008 5:51 am    Post subject: Re: The Financial Bailout Reply with quote

OntheLasGallinas,
You stated "The lender should suffer the wrath of the stock holders for making loans that are doomed to fail." The problem is that organizations like ACORN and Congress did things that forced the banks to lend the money to folks that they knew could not pay back the loan. An example of what ACORN did was in Atlanta, several ACORN members went to the banks with bags of pennies and asked for dollar bills, then got in line and asked the bills to be exchanged for pennies, then got back in line to exchange the pennies to dollar bills. They did this until the bank management agreed to meet their demands. Their demands? Lend to people who could not meet the standards for obtain normal loans. ACORN actually got legistature from Congress to process the loans themselves and the banks must lend to the people processeb by ACORN. Barney Franks and Chris Dodd has been defending this legistature mess for years

You decide!!

_________________
________________________________________
NRA Life member
NRA Basic Pistol/Rifle Instructor
NRA Certified Home Firearm Safety Instructor
NRA Personal Protection in the Home Instructor
AGI Member
Back to top
View user's profile MSN Messenger
OntheLasGallinas
Super Member
Super Member


Joined: Aug 23, 2007
Posts: 1042
Location: South Texas

PostPosted: Tue Sep 30, 2008 6:16 am    Post subject: Re: The Financial Bailout Reply with quote

Dust,

You are right. I was just blowing steam. It is so frustrating to me that the common person can see the pending collapse of the banking system, when this is allowed, but our congressmen are either so stupid or corrupt to the point that this was allowed. I heard that only the banks that operated on their own money were exempt from this type of corrupt lending practices. I think this could be called congressional blackmail.

Cary

_________________
Rancher/Environmental Scientist
Back to top
View user's profile
OntheLasGallinas
Super Member
Super Member


Joined: Aug 23, 2007
Posts: 1042
Location: South Texas

PostPosted: Tue Sep 30, 2008 6:21 am    Post subject: Re: The Financial Bailout Reply with quote

Dust,

I just wonder what would have happened to a banker that refused to make those type of loans. The only recourse that congress would have would be to refuse government backing on a loan. I can understand that happening to Fannie Mae and Freddie Mac. I just don't know how they could force a private bank to do that. Maybe I just don't understand all the nuances of the system.

I started to buy 1% of a local bank in the 1980s. Now I'm glad that I invested in land instead.

Cary

_________________
Rancher/Environmental Scientist
Back to top
View user's profile
OntheLasGallinas
Super Member
Super Member


Joined: Aug 23, 2007
Posts: 1042
Location: South Texas

PostPosted: Tue Sep 30, 2008 6:27 am    Post subject: Re: The Financial Bailout Reply with quote

Another thing...I do know who the culprits are.

Cary

_________________
Rancher/Environmental Scientist


Last edited by OntheLasGallinas on Tue Sep 30, 2008 7:31 am; edited 1 time in total
Back to top
View user's profile
Bushmaster
Super Member
Super Member


Joined: Jun 12, 2005
Posts: 11390
Location: Ava, Missouri

PostPosted: Tue Sep 30, 2008 6:36 am    Post subject: Re: The Financial Bailout Reply with quote

I have a feeling that the small country banks will survive all this...

_________________
I have one nerve left and yer standin' on it...

DEMOCRACY Two wolves and one sheep voting on what to have for lunch...
LIBERTY A well armed sheep contesting the outcome of the vote...
Back to top
View user's profile
OntheLasGallinas
Super Member
Super Member


Joined: Aug 23, 2007
Posts: 1042
Location: South Texas

PostPosted: Tue Sep 30, 2008 7:32 am    Post subject: Re: The Financial Bailout Reply with quote

You're right Bushy. My bank runs on it's own money. They borrow from no other banks or the government.

Cary

_________________
Rancher/Environmental Scientist
Back to top
View user's profile
vint2
Super Member
Super Member


Joined: Nov 18, 2005
Posts: 1216
Location: Iowa

PostPosted: Tue Sep 30, 2008 7:57 am    Post subject: Re: The Financial Bailout Reply with quote

We had done business with our local bank for many,many years , when suddenly they got sold, and resold, until they were French owned.
Our new bank is locally owned and very strong! Corrupt politicians and greedy business people can raise a lot of problems, as is proven by what is happening now!!
I would hope that this debacle will lead to a landslide conservative victory in November!!!!!!

_________________
All it takes for evil to prevail is for good men to do nothing!
Back to top
View user's profile Send e-mail Visit poster's website Photo Gallery
Dawgdad
Super Member
Super Member


Joined: Feb 08, 2006
Posts: 1065
Location: On the Prairie

PostPosted: Tue Sep 30, 2008 8:52 am    Post subject: Re: The Financial Bailout Reply with quote

I recently changed banks too when the local bank got bought up. I took my business to the other local bank in town. I was not alone in my trip down the street either.

_________________
Alcohol, Tobacco and Firearms should be a convenience store, not a government agency...
Back to top
View user's profile Photo Gallery
TRBLSHTR
Super Member
Super Member


Joined: Mar 23, 2007
Posts: 1071
Location: Lower 48's-left coast(near portlandia)

PostPosted: Tue Sep 30, 2008 10:27 am    Post subject: Re: The Financial Bailout Reply with quote

wtf Anymore I look at banking like playing the horses- I spread mine around with 4 different banks,two well known nationals and two local banks,sometimes you just have to bet across the board to cover your money.I also have some "jewish gold"just in case the market goes thru the basement.People ask me why I have that old junk laying around-I just tell them that my great grandparents and grandparents lost untold fortunes in trusting the banks back during the great depression.Some still don't get it.You always should have some sort of backup plan! Shocked

_________________
"Tolerance becomes a crime when applied to evil." Thomas Mann
Back to top
View user's profile
twofifty
Member
Member


Joined: Feb 07, 2007
Posts: 158
Location: BC Rockies

PostPosted: Tue Sep 30, 2008 5:56 pm    Post subject: Re: The Financial Bailout Reply with quote

TRBLSHTR wrote:
:wtf: Anymore I look at banking like playing the horses- I spread mine around with 4 different banks,two well known nationals and two local banks,sometimes you just have to bet across the board to cover your money.I also have some "jewish gold"just in case the market goes thru the basement.People ask me why I have that old junk laying around-I just tell them that my great grandparents and grandparents lost untold fortunes in trusting the banks back during the great depression.Some still don't get it.You always should have some sort of backup plan! Shocked

A wise man true to his forum handle.

And a great analogy to horses...

It has been about 5 years now that I mentally refer to a newspaper's financial pages as being the equivalent of the race program at the local track.

As a small investor, I'm like the guy standing in line at the $50 window who does not know that the jockeys have just finished their little conference, or who does not know that "Happy Dancer" has just gone lame with a little help from a stable hand.

Always nice when my hard-earned money helps pay some Wall St scammer's bonus.
Back to top
View user's profile
Bushmaster
Super Member
Super Member


Joined: Jun 12, 2005
Posts: 11390
Location: Ava, Missouri

PostPosted: Tue Sep 30, 2008 7:15 pm    Post subject: Re: The Financial Bailout Reply with quote

Let's see...If I spread my wealth around to four different banks I'll have $5 to $10 in each and if I buy some gold, jewish or other, I'll have a dime...No...Make that a nickel sized coin in solid gold...Yup...That'll work...

I have a better idea. My house is paid for. I owe nothing on my two vehicles and my credit cards are at $0 on one and $150 on the other...All I have are household bills like power, propane, insurance and food...As far as the propane is concerned I'll burn my own wood this winter...

I will stay with my little locally owned country bank and be just fine...Like Cary said they don't depend on the government for support of their loans. They have their own assets and loan to the local people (farmers and ranchers).

_________________
I have one nerve left and yer standin' on it...

DEMOCRACY Two wolves and one sheep voting on what to have for lunch...
LIBERTY A well armed sheep contesting the outcome of the vote...
Back to top
View user's profile
OntheLasGallinas
Super Member
Super Member


Joined: Aug 23, 2007
Posts: 1042
Location: South Texas

PostPosted: Tue Sep 30, 2008 7:22 pm    Post subject: Re: The Financial Bailout Reply with quote

Darn Bushy, you and I could be twins! Of course I'm the better looking of the two!!! ROFL

_________________
Rancher/Environmental Scientist
Back to top
View user's profile
Bushmaster
Super Member
Super Member


Joined: Jun 12, 2005
Posts: 11390
Location: Ava, Missouri

PostPosted: Tue Sep 30, 2008 7:33 pm    Post subject: Re: The Financial Bailout Reply with quote

May God forbid... Fencing ROFL And on the looks...That may be a toss up... Very Happy At least I'm kind enough to hide mine behind hair... Laughing

_________________
I have one nerve left and yer standin' on it...

DEMOCRACY Two wolves and one sheep voting on what to have for lunch...
LIBERTY A well armed sheep contesting the outcome of the vote...
Back to top
View user's profile
vint2
Super Member
Super Member


Joined: Nov 18, 2005
Posts: 1216
Location: Iowa

PostPosted: Tue Sep 30, 2008 7:37 pm    Post subject: Re: The Financial Bailout Reply with quote

Am I going to have to make you two boys sit in corners for awhile?????? ROFL

_________________
All it takes for evil to prevail is for good men to do nothing!
Back to top
View user's profile Send e-mail Visit poster's website Photo Gallery
Display posts from previous:   
Post new topic   Reply to topic   Printer Friendly Page    Forum Index » General
Page 2 of 5
All times are GMT - 7 Hours
Go to page Previous  1, 2, 3, 4, 5  Next



Jump to:  


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You can download files in this forum


Valid CSS! Valid HTML 4.01!
Click to check if this page is realy HTML 4.01 compliant for speed :)

All logos and trademarks in this site are property of HuntingNut.com.
The comments are property of their posters, all the rest © 2011 by HuntingNut.com
Interactive software released under GNU GPL, Code Credits, Privacy Policy

.: Upgraded to DragonFly 9.2 by *Dizfunkshunal* :.