Thu Sep 18, 2008 5:23 am
Thu Sep 18, 2008 5:47 am
Thu Sep 18, 2008 6:33 am
cyanide wrote:No, this isn't about a certain politician saying the American economy is fundamentally strong
Thu Sep 18, 2008 8:02 am
benji wrote:Didn't we already have a thread on this?
Thu Sep 18, 2008 11:39 am
From what I understand so far, the federal government loaned AIG $85 billion, but AIG has to repay it with interest?
I'm wondering, why did the government intervene? From what I've read, if AIG went down, it would affect the global economy and more smaller companies would also go down, causing a chain reaction. Would this situation be better than government intervention?
Finally, when you said that the baby boomers will destroy the economy, are you saying that in 10 years time, America will be in a great depression that they can never get out of?
The government will install new management and will have veto power over all important decisions, including asset sales and payment of dividends.
Thu Sep 18, 2008 4:30 pm
Thu Sep 18, 2008 5:27 pm
Thu Sep 18, 2008 10:23 pm
Fri Sep 19, 2008 12:05 am
benji wrote:Moar like five years amirite? And you can always get out of a Depression by freeing the markets up. But we won't. We'll demand more and more government power, and want to stick it more and more to those evil employers and businessmen who are hurting us by providing goods, services and jobs. And when they all start to leave we'll have to start making it illegal to leave the country.
benji wrote:This is what happens when you live in a fascist country with no regard for rule of law.
benji wrote:Europe is facing the same thing on a smaller scale, we're already seeing it in the States as their pensions fail, and we're ignoring it while demanding and promising even more of it.
Fri Sep 19, 2008 5:28 am
I'm a little confused with that statement. America takes pride in being a "free" country, but the trend you're describing sounds more and more like a Communist nation!
When you say "you," are you referring to Canada (me), or the States?
To put it simply, the world's demanding Big Brother?
That "scary" Dow drop? It was 4-5% of the value. (Of which a third has already been recovered.)
Fri Sep 19, 2008 6:14 am
Fri Sep 19, 2008 6:21 am
Fri Sep 19, 2008 6:37 am
Fri Sep 19, 2008 7:49 am
benji wrote:Brave New World, not 1984.
benji wrote:Yeah, the rest of it was recovered today.
benji wrote:If you have less than $100,000 there is no reason to withdraw your money from banks. If you have much more than that sitting in one bank, you're doing it wrong anyway
Sat Sep 20, 2008 2:56 am
Sat Sep 20, 2008 1:23 pm
Sat Sep 20, 2008 9:02 pm
Sun Sep 21, 2008 1:11 am
Joe' wrote:Woah, Milan's stock exchange went up like 8% today, which hasn't happened in more than ten years. Has the situation gotten any better in the US?
Sun Sep 21, 2008 7:22 am
benji wrote:If you have less than $100,000 there is no reason to withdraw your money from banks. If you have much more than that sitting in one bank, you're doing it wrong anyway.
Tue Sep 30, 2008 4:19 am
Tue Sep 30, 2008 4:55 am
Tue Sep 30, 2008 6:49 am