No relief for credit card deadbeats.

[Red_Ink_inc]

Quote from Mecro:

Right, so it's ok for the banks to get bailed out by the TAXPAYERS, but when those same taxpayers ask for the same treatment, it's denied. That is considered sanity?

Get the fuck outta here. I'm in agreement with the proposal being nixed, as long as they nix all other bailouts as well.

That's my point exactly. No one should be bailed out. It has to stop somewhere, might as well be here.

Look at the car makers. They are loaded with so much debt it would probably be cheaper to fold them and start new companies. There's a ready made work force and factories that can be taken over on the cheap that can produce vehicles ASAP. If it ain't broken don't fix it. If it is broken FIX IT. Paint a garbage can gold, it's still a garbage can.

 

[W4rl0ck]

Again, complete bullshit brought to you by the US government.

Why are the banks trying to do this now?

Maybe they're worried about Obama changing the BK laws and they would get NADA.

Quote from Red_Ink_inc:

The agency "does not consider any plan that defers the timely recognition of loss as prudent, and any such proposal cannot be viewed favorably by us," Timothy Long, senior deputy comptroller for bank supervision policy, said in a letter to the two groups dated Monday and made public Wednesday.

"The timely identification, reporting and management of credit losses, along with adequate loan-loss reserves and capital levels, provide the public with ... confidence" in the banking system, Long wrote.

 

[Reaver]

Quote from indahook:

Hooking and jabbing in this market. Loving the volty. Trading options on futures exclusively. Havent touched a ES car or stock in 6 months. Its super hot....

Truth be told I just dont have that much to say around here anymore. I try and find some jems still...but the longer I am trading the less I need to learn. Dig?

How you doing?

Yep sho nuff bro. Have a good one man.