FED Made Loans to GE, Harley Davidson and Other Businesses

[EMRGLOBAL]

There are worse things than a depression; such as corporate fascism and socialism for the rich. If it's easy for you to get over, then you should question whether you're even a free market capitalist.
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I agree 100% and well said. And yes, that guy who posted 'Why is everybody crying" is a troll as are most on ET.

TROLL: One who does not trade for a living or has zero accountability as a "Financial Professional", or is not in business for him/her self or is 100% vested in Academics for the rest of his/her life. In other words, salaried, w2ed who sucks off someone elses tit ie: Government, Corporation (Unless he she is majority shareholder), Academics.

IMHO we are not in a free market. The model has failed for a few reasons but one is that the populas does not want a "Free Market". The want handouts.

So, the real question is can we hang on to the small part of Capitalism that still thrives in this country? I am doing well but I tap into the Global Channel of wealth. If I had to make a living dealing with the US only, I would be broke. So, the ultimate question is can the small bit of capitalism in Brazil, China, Africa, EU, Spain, US, ETC continue to function and prosper. Only time will tell.

 

[S2007S]

Quote from Bob111:


turns out-those guys who sitting on cash,waiting for bargains,hoping that those capitalistic rules would work..they ended up wit h nothing..0.0001% on their savings account in shitty,bankrupt bank..

Exactly fucking right my friend, thats the problem.

There is no free market, im tired of hearing how glad everyone is every time the fed fucking steps in and bails out the system, that's not what they teach you in economics 101, this is a fucked up system that has just become even more fucked up and completely one sided to say the least. This economy is running on nothing but air and worthless dollars. The only ones making it big right now are the elite, the top 1% of this nation, the rest have lost. The next crisis will not be pretty, everyone thinks its over when in reality its just beginning.

 

[S2007S]

Quote from riaamaan:

There are worse things than a depression; such as corporate fascism and socialism for the rich. If it's easy for you to get over, then you should question whether you're even a free market capitalist.

Some of these companies took taxpayer money, then turned right around and screwed the taxpayer. There are zero consequences for those responsible and there were no concessions for those who took money. Let me give you an example.

Credit companies took money then turned around and raised the rates on their cards. Mortgage brokers took money, but did not have to renegotiate mortgages. How do you like that? Come on...roll over...at least there's not gonna be a depression.

All of these companies took tax payers money, credit card companies are still fucking the little guy with extreme APRs even for those who pay on time. No one believes its a joke just yet but they will find out soon enough.