First off, I read everyones posts and those who did present arguments have a valid standing regardless of how trolling they could have been and were.

This a perfect example of trying to put out the fire with a hose full of holes rather than figuring out how to not let this happen again. This crisis was an instant give-away after hurrican Katrina with the fact that Banks got screwed and couldn’t hold their end of the bargain and people should have realized that ” oh crap, what if the housing problem hits the rest of the U.S.A… oh wait it has!!” Bad loans and bad investments = FAIL
Great Britain based their finacial markets on the same infrastructure of the U.S and they are drowning too. The CCP made the same mistake and cut corners and became so dependant on the over consumption of the U.S that they too are now screwed 7 ways from Sunday ESPECIALY with their population desity…they are going to get butt hurt more than anyone.

CANADA’s market is hurting, BUT back in the 1970s they decided to change the infrastructure of the finacial institutions and made it illegal to dish out loans like halloween candy. Indeed our neighbours in the U.S have a direct influence but its seems that those who are across giant bodies of water are getting hit with the worst of it.

The bottom line is that the major US and Europeen banks screwed up from their greed and reckless behavior regarding loans and they will have to answer to the crisis themselves. The Governement should not step in and bail them out WHY? because if they do then the major banks with turn around and do it again but only this time be a little more watchful, Slapping and kid on the wrist and paying his credit card depts will not teach him a lesson. Its takes a harrowing experience to bring people together and change the problems that plague them and the begining of this crisis will be the catalyst to reform and a new regime of financial institutions. Lets prevent the fires from happening again rather than set up pretty gardens that will make the rage spread.

If I walk into a bar and say I’m looking for a fight, that’s not trolling. That’s picking a fight. You were the drunk who stood up and said, “I’ll fight ya!”

Information on the Swedish bailout plan:
www.nytimes.com/2008/09/23/business/worldbusiness/23krona.html

Is it EXACTLY like our plan? No. But it is a plan similar to our, and it worked VERY VERY WELL.

At any rate, we need a plan, and not approving a package is stupid. It’s also reckless. Guess what world response to us not approving a package was?

“Americans are irresponsible”
~Japanese man interviewed on street

“Do they not understand what is at stake?”
~Argentinian man, street
(Argentinian markets PLUMMETED)

“The attitude here is much like the weather: Gloom. There is a feeling that we can do nothing to stop this impeding crises.”
~London

Those are just some examples I just saw on BBC. I know I’m belaboring the point here against someone who won’t concede defeat, let alone when they are lying, but your stubborn refusal to accept the obvious is as bad as anyone in the Bush Administration.

Yell “Ad Hominem!” all you want.

Also: Feel free to to point out the 200 point rise in the first 30 minutes of trading today, all though the net loss in two days is still 550+, and the gain is around the supposition that a bailout package is inevitable.

Switzerland is a country, my friend…

@ everyone else in general:

It seems as if a depression is inevitable. The goddamn derivatives market has iceberg-ed the Titanic that you all know as Wall Street. Even Warren Buffet, Donald Trump, and Robert Kiyosaki have had some ominous statements regarding the derivatives bubble, a stock market crash, and depression.

@ Us Americans:
It’s the best time to find an alternative plan and work with that: whether it be moving to another country, settling down in a rural state like Wyoming, or getting incredibly rich in an unconventional way. Good luck.

I don’t really mind though. It can be fun to watch a hissy spat. Not as good as gawking at a bloody traffic casualty, but still acceptable.

Anyone else find this ironic?

“you implied that simply being from Harvard gave him weight”
I stated nothing but the facts. What you read into it, is your problem.

“and I stated how it wouldn’t cost the tax payers much more than farming subsidies.”
Which was based on you’re 70% estimate, which was demonstrated to be questionable.

“and every other country tied to the banking crises (read: everyone) has already done so to a relative successful outcome.”
That remains to be seen. European and Asian stocks aren’t doing so hot.

“AND your citing the very reason to oppose it (Republicans against government regulation) is the VERY REASON WE HAVE THIS PROBLEM IN THE FIRST PLACE.”
I was drawing an analogy to how Republicans oppose social programs, not regulation. Way to miss the point.

“they have permalinks for EVERYTHING”
Really? Do they have peramalinks to previous front page polls? Because, honestly, I just couldn’t find it. Lets call the poll issue a draw since the LA Times demonstrates that people’s opinion in polls is strongly determined by how the poll is worded. Most people want the government to do “something” (so do I, in terms of better regulation), but most people don’t want a cart-blanche hand-out.

“who has just admitted to me that they’ve never actually lived in the real world outside of college”
There you go with your ad hominem again. I’ve worked in the semi-conductor industry, the mining industry and dozens of part-time jobs to pay for living expenses.

“atheism -vs- religion some other time? (I’m an atheist) I’m looking forward to it.”
Sure. But I’m an atheist, too.

“My partner says Sweden face a similar crises in 1992, had a similar plan, and was able to make back at minimum 50% (number in debate for some reason) of the tax payer funds back.”
That’s interesting, but irrelevant, without knowing the details of the bail-out. How large was it terms of %GDP? What restrictions and regulations reform went along with it?

“Mostly I just came here to pick a fight, as you can see from my first post. I knew someone would take the view of “bailout = BAD!” and that I could rage against a representative for all the idiots that are opposed to the bailout.”
Ah, the I Was Just Trolling defense. Sad how you think someone is an idiot, just because they disagree with you. Honestly, I don’t think you stupid for supporting a bail-out, but I respectfully disagree.

Okay, quick facts check. My partner says Sweden face a similar crises in 1992, had a similar plan, and was able to make back at minimum 50% (number in debate for some reason) of the tax payer funds back. Can’t check facts right now, still able to admit what’s a fact and what’s not.

@Caio
Started out over whether or not the bailout would work, devolved into paying for college, at the end it seems like free market -vs- government regulation. Also: Lying.

Mostly I just came here to pick a fight, as you can see from my first post. I knew someone would take the view of “bailout = BAD!” and that I could rage against a representative for all the idiots that are opposed to the bailout.

15 Minutes…

This time I’m really out. As in I have to leave my computer. Though I really did enjoy taking out my rage on you. (Because you asked, my diploma is in Evolutionary Psychology. Kinda worthless, but I went to school to learn, not get a job, and just having a diploma helped me with my first business loans). Perhaps we can argue over… say… atheism -vs- religion some other time? (I’m an atheist). I’m looking forward to it.