Comments | metropolis22786: The American Financial Bailout Terms and Conditions. AKA, HOLY SHIT GUYS. D:

metropolis22786

The American Financial Bailout Terms and Conditions. AKA, HOLY SHIT GUYS. D:

Sep 23, 2008 18:22

i don't see this ending well, politics, unlocked post

Comments 3

circus_88 September 23 2008, 18:34:47 UTC

Sure this looks like the ecconomic version of the Patriot Act - no limitation, no oversight but you have to consider two things:
1- This is an amazing move coming from the Republican Party - I mean they are talking big government here; they are not going into this lightly.
And, most importantly:
2- HISTORY REPEATS ITSELF - when will people learn. The country built itself up on 'Look how much we don't need Europe-credit-to-poor-people' loans in the 1920s and given that poor people can't pay anything back the world came crumbling down. Amazingly its all happening again. This act is looking to curtail it this time, nip it in the bud, try and get fewer people lining up for soup.
BIG PICTURE: sure it looks bad, hell it looks damned right ugly if you ask me - but its likely to look a whole lot worse, this act is trying to stop that.
LESSON: No good can come from NINJ loans.

tilfinningunni September 23 2008, 19:23:54 UTC

:( i can't believe this. this combined with potential election of mccain/palin?

do you want to move to europe?

ian_exclamation September 23 2008, 20:36:56 UTC

2b4. ...Allows the creation of federal hedge funds? I'm not too clear on this.

Let's edit this...

I'm not too clear on this.

Aaaaand that pretty much sums up 90% of how Americans (myself included) feel about this.

I haven't seen any actual legislation for the clusterfuck that is currently happening.

All I know is this: The US is fucked financially and we have no clear understanding of what's going on.

So yeah...