Bailout bill failing in House

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GTKeeper

Golden Member
Apr 14, 2005
1,118
0
0
I wonder how many posters in this thread have actual jobs and how many are still living at home or are still in school.


When mommy and daddy come home because there is no more paycheck in 6 months, come and revisit your idiotic posts on this thread.
 

bl4ckfl4g

Diamond Member
Feb 13, 2007
3,669
0
0
Originally posted by: jbourne77
Several Republican aides said House Speaker Nancy Pelosi, D-Calif., had torpedoed any spirit of bipartisanship that surrounded the bill with her scathing speech near the close of the debate that blamed Bush's policies for the economic turmoil.

No one's hands are clean on this. Republicans are absolute turds for letting this affect the outcome, and Pelosi is an absolute [blank] with a capital C for politicking like this in the 11th hour.

Line them all up, shoot 'em, and replace 'em with thinking people.

I agree with this. Now Pelosi is putting her spin on it.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: RichardE

Ah, I was assuming most SB had locked in credit lines to prevent the type of "on the spot we have no money" issue that seems to be arising.

It all depends. Most won't have a 1+ year credit line.
 

RichardE

Banned
Dec 31, 2005
10,246
2
0
Originally posted by: Genx87
Originally posted by: RichardE
Originally posted by: Genx87
Originally posted by: SP33Demon
Originally posted by: LegendKiller
Originally posted by: SP33Demon
Originally posted by: OptimisTech
Originally posted by: CADsortaGUY
Originally posted by: OptimisTech
Oh, and for those of you on monthly pay cycles, there is a REAL chance you will not get a check tomorrow.

:roll: What scare tactic email did you buy into?

Read a book. 90% of businesses use short-term loans to meet payroll every month. If the credit markets seize (which they almost surely will now.) they won't be getting those loans. If you were lucky enough to have payroll processed already, you'll get paid. If not, be ready. Did you really think you were invulnerable to this and you could ignore it?
Then those businesses can get a loan from Bank of Am, Chase, Citi, Wells, or any other bank that will be fine. What's that you say? Their credit rating sucks? Too bad.

Fool, they won't be lending. NOBODY is lending. Are you too dense to understand that? Their capital base is so depleated that they are only floating along too.
What the hell are you talking about? Since when can't a small business get a loan from any of those companies? Put up or shut up.

http://www.godlikeproductions....rum1/message613545/pg1

If McDonald's is having a hard time securing enough credit. How do you think his small time competitor across the street is doing?

That is securing credit for frivolous upgrades.
For expanding the business. When you expand a business you create jobs.

There is expanding a business and installing latte and mocha machines. As I said, it is for frivolous upgrades.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: GTKeeper
I wonder how many posters in this thread have actual jobs and how many are still living at home or are still in school.


When mommy and daddy come home because there is no more paycheck in 6 months, come and revisit your idiotic posts on this thread.

that's always my thought.
 

fskimospy

Elite Member
Mar 10, 2006
87,963
55,354
136
Originally posted by: Genx87
Originally posted by: brandonb

Intellectually challenged? I believe thats you, not me. But thanks for the comment anyhow. Anyone who has to put down another to make their point is the one who is intellectually challenged.

Do you think because this bailout didn't occur that banks will stop functioning? So businesses won't have business accounts anymore? Do you think personal checking accounts for the common man is suddenly going to dry up?

The only thing this bailout was for was companies who needed to fail because they are obviously too intellectually challenged to run their businesses correctly, or BANKED on the idea of it failing. In other words, they took a huge risk hoping for huge rewards, and it backfired. Now I'm the one who has to pay? No way. Thats their risk they failed, they should close shop. Let other companies who understand good business stay afloat.

Where have you been? How many big banks have already failed? I think if you look around you already have your answer.

Speaking of that, Wachovia just collapsed.

 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
Look, to blame this on Pelosi is ridiculous, it failed not because of her.

However, I watched her speech and she should be ashamed of herself. I am as big a critic as anybody on how fvcking tits-up-useless this government has been, particularly under Bush, but her ranting about him and his party like a damned idiot is akin to telling somebody not to ride a motorbike, they do it anyway, lose an arm, and as they are being dragged off in the ambulance you smirk and say "Told you so.". It's infuriatingly puerile and 100% counter-productive. What did she gain by saying it? That lack of self-control I have not seen from anybody near her stature in Washington. Even the target of her scorn, mr sh*ts for brains himself has more couth and class.
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: RichardE
[There is expanding a business and installing latte and mocha machines. As I said, it is for frivolous upgrades.

Either way McDonalds was put on a leash. McEffingDonalds. That doesnt bode will for the rest of corporate America.
 

waggy

No Lifer
Dec 14, 2000
68,143
10
81
Originally posted by: Wreckem
Originally posted by: senseamp
Looks like GOP is on a suicide course.

Nope. Pelosi is.

I say that because today marks the day that finishes her in terms of remaining Speaker of the House during the 111th Congress.

Pelosi has been the most inept House Speaker in the modern era. She has time and time again failed to get the support needed before bringing a bill the the floor. She has embarrassed herself and her party one to many times. Sure blame the GOP for this. But its really poor management of the House. The Dems have a commanding majority in the House. If she had done her job this bill would not have failed. Her ineptness let this bill fail.


i agree.

what pisses me off this is something that faces EVERYONE nto just one side or the other. yet they can't look past the R or D and pass the damn thing.

to many are afriad of getting elected out they wont do whats best.

fucking politics.
 

SP33Demon

Lifer
Jun 22, 2001
27,928
143
106
Originally posted by: Genx87
http://www.godlikeproductions....rum1/message613545/pg1

If McDonald's is having a hard time securing enough credit. How do you think his small time competitor across the street is doing?
Wow, finally some proof. And here's an update on your proof:
Text

McDonald's Corp. warned franchisees earlier this month that Bank of America Corp., another large franchise lender, had tightened lending to its restaurant owners, and that franchisees should find other lenders for immediate borrowing. McDonald's has since said its franchisees have access to sufficient credit for restaurant improvements.

And maybe BoA didn't initially give them a loan because:
High ingredient prices and consumers curtailing dining outside the home are eating into profits.
No, that couldn't have been it. /sarcasm
 

waggy

No Lifer
Dec 14, 2000
68,143
10
81
Originally posted by: Genx87
Originally posted by: RichardE
[There is expanding a business and installing latte and mocha machines. As I said, it is for frivolous upgrades.

Either way McDonalds was put on a leash. McEffingDonalds. That doesnt bode will for the rest of corporate America.

i shocked how many don't get that. if McDonalds can't get a loan then thats really really bad.

only thing worse would be if Walmart couldnt.
 

Wreckem

Diamond Member
Sep 23, 2006
9,547
1,127
126
Originally posted by: Stoneburner
Rahm Emannuel is no Tom Delay :)

Just let it all burn I still say.

Rahm is a son of a bitch who knows how to get shit done. Hes fourth in terms of Power. Hes the chairmen of the Cacucus. He doesnt have the power the three above him does. His job is mainly focused on policy development and election strategy. If he was Speaker I doubt this wouldve happened.

Pelosi has the bloody pulpit. Hoyer is the Whip. They are the ones to blame for the large chuck of Dems voting nay.

Rahm will be the next Speaker of the House.
 

freegeeks

Diamond Member
May 7, 2001
5,460
1
81
this problem is getting to big and imho the Fed, ECB and Japanese central bank (and maybe other big central banks) should sit together with the respective govt. and make a comprehensive plan to get us out of this mess. Lack of liquidity is bringing down otherwise profitable banks. I'm talking about a shock and awe global trillion dollar plan. Doing nothing is not an option and I have the impression that lots of people don't realize how desperate the situation is. Desperate situations calls for drastic action
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: eskimospy
Originally posted by: Genx87
Originally posted by: brandonb

Intellectually challenged? I believe thats you, not me. But thanks for the comment anyhow. Anyone who has to put down another to make their point is the one who is intellectually challenged.

Do you think because this bailout didn't occur that banks will stop functioning? So businesses won't have business accounts anymore? Do you think personal checking accounts for the common man is suddenly going to dry up?

The only thing this bailout was for was companies who needed to fail because they are obviously too intellectually challenged to run their businesses correctly, or BANKED on the idea of it failing. In other words, they took a huge risk hoping for huge rewards, and it backfired. Now I'm the one who has to pay? No way. Thats their risk they failed, they should close shop. Let other companies who understand good business stay afloat.

Where have you been? How many big banks have already failed? I think if you look around you already have your answer.

Speaking of that, Wachovia just collapsed.

I was assured banks wont collapse. What happened??!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?
 

Craig234

Lifer
May 1, 2006
38,548
350
126
What has me concerned right now is the lack of planning I see by either party for the financial system.

I'm wondering if we may be heading to the worst combination - financial problems from the crash of the system, *and* even further consolodiation as the few by the others.

Goldman Sachs the last one standing, Citi and J. P. Morgan acquiring other banks, can we see an even higher concentration of power in Wall Street as the few bigger players are in even more of a monopolistic position to be 'too big to let go out of business' and able to dictate terms?

I'm not seeing an FDR figure who has much of a plan for how to fix both the need for the government to assist with liquidity and to address the systemic issues. Just chaos.
 

SP33Demon

Lifer
Jun 22, 2001
27,928
143
106
Originally posted by: LegendKiller
Originally posted by: brandonb
Originally posted by: jbourne77


You totally glossed over a question someone else posed to you: What happens when 95% of all potential car buyers cannot get loans? Mortgagees? Business expansion? Student loans?

I don't think people really understand the potential impact here.

I guess the banks will have to learn to adapt, like everybody else.

What type of job do you have?
I think we know what type of job you have (financial sector duh) due to your irrational, borderline hysterical posts that the sky is falling and we're all fcked.

What are the odds that you get that bonus in March, and be honest. ;)
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: SP33Demon
Originally posted by: Genx87
http://www.godlikeproductions....rum1/message613545/pg1

If McDonald's is having a hard time securing enough credit. How do you think his small time competitor across the street is doing?
Wow, finally some proof. And here's an update on your proof:
Text

McDonald's Corp. warned franchisees earlier this month that Bank of America Corp., another large franchise lender, had tightened lending to its restaurant owners, and that franchisees should find other lenders for immediate borrowing. McDonald's has since said its franchisees have access to sufficient credit for restaurant improvements.

And maybe BoA didn't initially give them a loan because:
High ingredient prices and consumers curtailing dining outside the home are eating into profits.
No, that couldn't have been it. /sarcasm

Many facilities that fail aren't even mentioned in the news, you'll see them in the financial statements first.

The other problem is how expensive it'll be to keep the financing facilities going.
 

Capt Caveman

Lifer
Jan 30, 2005
34,543
651
126
Originally posted by: SP33Demon
Originally posted by: LegendKiller
Originally posted by: SP33Demon
Originally posted by: OptimisTech
Originally posted by: CADsortaGUY
Originally posted by: OptimisTech
Oh, and for those of you on monthly pay cycles, there is a REAL chance you will not get a check tomorrow.

:roll: What scare tactic email did you buy into?

Read a book. 90% of businesses use short-term loans to meet payroll every month. If the credit markets seize (which they almost surely will now.) they won't be getting those loans. If you were lucky enough to have payroll processed already, you'll get paid. If not, be ready. Did you really think you were invulnerable to this and you could ignore it?
Then those businesses can get a loan from Bank of Am, Chase, Citi, Wells, or any other bank that will be fine. What's that you say? Their credit rating sucks? Too bad.

Fool, they won't be lending. NOBODY is lending. Are you too dense to understand that? Their capital base is so depleated that they are only floating along too.
What the hell are you talking about? Since when can't a small business get a loan from any of those companies? Put up or shut up.

Will you shut-up now? http://www.boston.com/business...rash_course_in_credit/

If you kept up with the news, you would know that banks have been decreasing/eliminating home equity lines to home owners and lines of credit to small business owners for some time.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: SP33Demon
Originally posted by: LegendKiller
Originally posted by: brandonb
Originally posted by: jbourne77


You totally glossed over a question someone else posed to you: What happens when 95% of all potential car buyers cannot get loans? Mortgagees? Business expansion? Student loans?

I don't think people really understand the potential impact here.

I guess the banks will have to learn to adapt, like everybody else.

What type of job do you have?
I think we know what type of job you have (financial sector duh) due to your irrational, borderline hysterical posts that the sky is falling and we're all fcked.

What are the odds that you get that bonus in March, and be honest. ;)

You didn't answer the question. Answer it.



 

Wreckem

Diamond Member
Sep 23, 2006
9,547
1,127
126
Originally posted by: Skoorb
Look, to blame this on Pelosi is ridiculous, it failed not because of her.

However, I watched her speech and she should be ashamed of herself. I am as big a critic as anybody on how fvcking tits-up-useless this government has been, particularly under Bush, but her ranting about him and his party like a damned idiot is akin to telling somebody not to ride a motorbike, they do it anyway, lose an arm, and as they are being dragged off in the ambulance you smirk and say "Told you so.". It's infuriatingly puerile and 100% counter-productive. What did she gain by saying it? That lack of self-control I have not seen from anybody near her stature in Washington. Even the target of her scorn, mr sh*ts for brains himself has more couth and class.

You dont understand House politics. If a bill fails because a significant number of the controlling party goes against the party, it is ALWAYS the Speakers fault.