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Geithner, the Fed, the ECB, and the banks all want to screw taxpayers...

Discussion in 'Political Discussion' started by PatriotsReign, Sep 19, 2011.

  1. PatriotsReign

    PatriotsReign On the Roster

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    AGAIN!

    Instead of letting bondholders take the hit, let's put this on the taxpayers one more time! I just do not understand why citizens of our nation or European nations stand by and accept it.

    Taxpayers did nothing wrong...banks screwed up and it's time we let them fall.

    "Finance ministers from European Union nations gathered in Poland for two days of talks and even invited Treasury Secretary Timothy Geithner to their meeting to explain how the U.S. handled a similar crisis in 2008-09.

    Most analysts think European governments will have no choice but to use public money. Jay Bryson, global economist at Wells Fargo, said Germany “can pay now or they can pay later.”


    European leaders still divided on debt crisis - MarketWatch

    The more the public bails out banks, the more they'll take risks they shouldn't and taxpayers will continue to bail them out. Meanwhile, taxpayers continue to get screwed.
  2. PatriotsReign

    PatriotsReign On the Roster

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    I hope people realize this means we're in the same place we were back in 2008. No progress has been made and things are not getting "better"...

    THREE years and counting....

    BTW, I wonder how many are aware that China's real estate bubble is going to burst. When that happens, Chinese stocks will fall off a cliff. Get your popcorn ready....
    Last edited: Sep 19, 2011
  3. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Unsustainable Welfare states won't stop excessive spending. The politicians keep trying to keep the rotting structure going....
  4. PatriotsReign

    PatriotsReign On the Roster

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    I agree, but what does that have to do with the fact taxpayer shouldn't be bailing out banks?

    Tax dollars aren't meant for private enterprises....
  5. patsfan13

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    They will use the taxpayers money to prop up the system. Obama WANTS us to be like Europe, he doesn't want Europe to fail and will use your money to prop up their socialist states. Even though we are broke and going where they are going. This is another example of crony capitalism.
  6. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Look at this, thats the "beautiful smile" the racist bastards wanted for a president.

    DRUDGE REPORT 2011®

    Remember what happened to poor Old Man Bush when he said "no more new taxes"
  7. patsfan13

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  8. Synovia

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    There hasn't ever been a time when Tax dollars weren't used for private enterprises. The US government was giving money to private enterprise before the constitution was even written.
  9. PatriotsReign

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    Bail outs are totalling different. Public tax dollars should never be used to bail out private enterprise. Especially fuggn banks...they'll just keep taking huge risks with the knowledge if they screw up, we'll bail them out.

    If it happens again, I'd be willing to accept violent reactions from our citizens. Some things are worth fighting for.
  10. Titus Pullo

    Titus Pullo Banned

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    So the root cause is all a big conspiracy then? Nothing deeper?

    Oh, the irony.
    Last edited: Sep 19, 2011
  11. Gainzo

    Gainzo Rookie

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    #11 Jersey

    I respect your opinion but the thread title is way off base.

    From the article:

    Geithner wasn't in Poland.

    Greece is a mess and that is affecting all the other EU nations. Still don't understand why the EU let Greece in.
    Last edited: Sep 19, 2011
  12. patsfan13

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    Business as usual conspiracies not needed except by the nutjobs.
  13. PatriotsReign

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    The comment I quoted also came directly from the article...who cares where Geitner was?...the title says "Geithner, the Fed, the ECB, and the banks all want to screw taxpayers..." meaning each of them supports using taxpayer money to help the banks.

    Regarding Greece...I'm sick of hearing about them crying "we're running out of money" Let Greece default, run out of money or whatever...cut em loose now. Seriously, for such a small country they're a mega-problem. Keep bailing them out and they'll keep needing to be bailed out.

    Let the EU bail them out but keep US tax dollars out of it.

    I think the EU will break up...it's only a matter of time. Germany is already gearing up to pull out. I've said for some time now that I believe we've been in a depression, not a recession. All we need to do is look around at all the chaos and crisis'...things have not gotten any better since the crash of 2008 and it will be years before we see a healthy, normal economy.

    10 - 20 years from now, history will be calling this a depression...just my opinion.
    Last edited: Sep 19, 2011
  14. Titus Pullo

    Titus Pullo Banned

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    What does this mean, exactly? Write better. Thanks.

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