09-30-2008, 11:27 PM | #1 |
Member
Join Date: Jan 2006
Location: SLC
Posts: 441
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Mr. Taxpayer vs Mr. Main Street
Credit crisis starting to hit Main Street...
http://www.reuters.com/article/topNe...nnel=0&sp=true Among those who are opposed to the big bailout idea, is there recognition that a serious economic crisis is occuring as credit dries up? Or is the reaction more along the lines of "well, we're going to have to pay the price sooner or later... might as well be now", with a shrug & acknowledgement that things are going to get a lot worse before they get better. (As an Econ grad, I wonder if there is an inertia aspect at play... ie, can the capital markets get so stuck that even greater sums of money will be required to dislodge the logjam.) |
10-01-2008, 12:23 AM | #2 |
Demiurge
Join Date: Aug 2005
Posts: 36,368
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Maake is crying because some moron doesn't have a big enough down payment to buy a new car.
What a cry baby. Next, are you going to cry about people needing down payments to buy houses? Are you going to cry that you actually need INCOME to borrow money? |
10-01-2008, 01:00 AM | #3 |
Member
Join Date: Jan 2006
Location: SLC
Posts: 441
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LOL
Dude wanted to buy a big truck anyway, so maybe this is the Lord's way of making him come around on his carbon offsets, even if he doesn't like it. |
10-01-2008, 02:11 AM | #4 | |
Board Pinhead
Join Date: Jan 2006
Location: In the basement of my house, Murray, Utah.
Posts: 15,941
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Quote:
There's always a way to get credit if I want it.
__________________
"The beauty of baseball is not having to explain it." - Chuck Shriver "This is now the joke that stupid people laugh at." - Christopher Hitchens on IQ jokes about GWB. |
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