OT: The BailOut

Goofproof · Post by **Goofproof** » Mon Sep 29, 2008 7:55 pm

birdshell wrote: How many miles to the gallon do you get out of that Ford? I think it is old enough for my grandfather to have worked repairing the machinery that helped to build that car!

It gets a whopping 12 MPG, mostly city, 16 MPG country. I think the product line it was made in Canada. I quit working as a line mechanic at a Ford dealer in 1978, after ten years of it. I had to get a real job to feed my family. Wattenty rates wouldn't feed a family. Went into Surface Mining, Heavy Equiptment Mechanic ECT. Fed the family ruined my health in the process. "Jobs, Trading Your Life for a Paycheck", But like Best Western, "We kept the Lights on for You"! Jim

My old car was a 1978 Ford Station Wagon, 400 CU IN V8, It was the "Getto Wagon", It got better mileage than the little Fairmont on the highway, but in the winter on short local trips it could get down to 4 MPG. At 78,000 actual miles, I sent it to the Junk Yard in the Sky. Due to health, I can't work on them anymore, the wife insisted I get it off the street. They crushed it and made three Honda wagons out of the metal.

JeffH · Post by **JeffH** » Mon Sep 29, 2008 8:01 pm

Slinky wrote:Ah, but JeffH, I consider that doing me a favor!!! I refuse to let them extend me beyond a $1000 limit on my credit card. And there has been a time or two I hit that limit or close to it and it HURT to pay that off w/in 30 days. It HURT bad and sure curtailed my "fun" for a couple of months after as I built up a little cushion in my checking account and cash in my pocket. So if they cut me back to $500 they will be doing me a favor ensuring that I don't pull that stupid $1000 in one month again!! They are just reminding me to live w/in my means.

We originally got our credit cards (one each) to use for emergencies. But eventually it got really easy to use them for "conveniences" and then came the day of rude awakening when we had to pay interest for those conveniences we'd bought!! Yet another lesson in "fiscal responsibility" learned - the hard way.

Hell, I don't even have one. I went bankrupt ten years ago and I learned my lesson. Been offered them hundreds of times and haven't taken them up yet and don't plan to.

Slinky · Post by **Slinky** » Mon Sep 29, 2008 8:20 pm

Ouch, JeffH!! I was blessed not to get into that much of a bind, life was tough enough. I'm sorry things got so tough for you. But we do learn our lessons, don't we? Especially if we had to learn them the hard way. May your future be much much better! (I remember figuring out how to turn my electricity back on at the meter after the electric company shut if off for non-payment - of course, they shut it off at the pole the next month but ... Divorce is tough! Only once in 44 years has the word divorce come up in this house. Can you imagine!! Hubby was foolish enough to think I might want to go thru that again??? No way! I told hubby, one divorce was enough, murder is easier, so sleep well!

Eee gads!! I remember replacing the rear end in my '59 Chevy Impala. My neighbor came over once I'd gotten the bolts off and dropped the "pumpkin" and drove me to the junk yard to buy another and put it back on the bolts for me. I had to do all the rest of the dirty work. I HATE the feel of grease mixed w/dirt to this day!!!! But God bless my neighbor for doing the "heavy work" and telling me what to do each step of the way. I sure didn't have the slightest idea of what I was doing!!!

DreamStalker · Post by **DreamStalker** » Mon Sep 29, 2008 9:27 pm

No bailout may hurt in the short term but it will only hurt a lot more later on if they go through with it.

It's like you give your kid a credit card to go off to college and busts over the limit. Do you give the kid another credit card and hope a lesson is learned or do you teach the lesson now?

Either way it will hurt you to pay off the first card but will you be dumb enough to give the second card to avoid half the pain now for twice the pain later?

Slinky · Post by **Slinky** » Mon Sep 29, 2008 10:00 pm

Right on, DreamStalker! WHEN in the devil did this stupid government bailout bit start anyway?? My memories are getting fuzzy, must be getting close to bedtime! W/Chrylser? W/the Savings & Loan fiasco? Before that?

What is even scarier, or at least AS scarier, is CitiBank just offering to buy out .... whoever. I've forgotten already. Gotta be close to bedtime! That is concentrating the banking industry even worse. We need more "unrelated" banks! And WHO owns CitiBank? I thought THEY were in some financial straits themselves? How much of CitiBank is held by "foreigners"? And which "foreigners"?

I want REVENGE! I want my piece of flesh! I want those CEOs and higher echelons to bleed, to pay for all of our greed as well as their own! I even want the stock brokers to bleed a bit. The entire financial industry. I'm enjoying the pols sweating this election a bit. Since this HAD to happen I am so glad it happened PRIOR to the election!!!! Gives us pee-ons some leverage!

Goofproof · Post by **Goofproof** » Wed Dec 10, 2008 11:28 am

The bailout explained for the sleep chalanged, and other americans.

Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their criminal buddies at Standard & Poor rated these boxes AAA Investment Grade chocolates. These boxes were then sold all over the world to investors. Eventually somebody bites into a turd and discovers the crime. Suddenly nobody trusts American chocolates anymore worldwide.

Hank Paulson now wants the American taxpayers to buy up and hold all these boxes of turd-infested chocolates for $700 billion dollars until the market for turds returns to normal. Meanwhile, Hank's buddies, the Wall Street criminals who stole all the good chocolates are not being investigated, arrested, or indicted.

Mama always said: 'Sniff the chocolates first, Forrest'.

Quote of the day from a fund manager:

"This is worse than a divorce... I've lost half of my net worth and I still have my wife.."

The bailout, a different perspective

Back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the economy of our country to a pack of nit-wits who couldn't make money running a whore house and selling booze? Jim

DreamStalker · Post by **DreamStalker** » Wed Dec 10, 2008 11:52 am

Goofproof wrote:The bailout explained for the sleep chalanged, and other americans.

Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their criminal buddies at Standard & Poor rated these boxes AAA Investment Grade chocolates. These boxes were then sold all over the world to investors. Eventually somebody bites into a turd and discovers the crime. Suddenly nobody trusts American chocolates anymore worldwide.

Hank Paulson now wants the American taxpayers to buy up and hold all these boxes of turd-infested chocolates for $700 billion dollars until the market for turds returns to normal. Meanwhile, Hank's buddies, the Wall Street criminals who stole all the good chocolates are not being investigated, arrested, or indicted.

Mama always said: 'Sniff the chocolates first, Forrest'.

Quote of the day from a fund manager:

"This is worse than a divorce... I've lost half of my net worth and I still have my wife.."

The bailout, a different perspective

Back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the economy of our country to a pack of nit-wits who couldn't make money running a whore house and selling booze? Jim

You crack me up Jim

... but I'm still pissed about this bailoutmania!

Goofproof · Post by **Goofproof** » Wed Dec 10, 2008 1:25 pm

Once the Camel gets it's nose under the tent, it's in bed with you, and you'll never get the smell out! Jim

The Government will now, strip search every billfold!

The bad thing about the U.S, we will except anything, no chance of a Civil Rebelion here, we get the bad news complain for a week, and then wait for the next bad news. We took the $4+ gas without hardly a whimper, because we had did the same with $2 gas, now we feel sorry for them only getting $2 a gallon for it. A country of Sheep.

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