POLITICS - Citibank drops $10,000,000,000

Ridgerunner · Post by **Ridgerunner** » Tue Jan 15, 2008 11:29 am

What goes around comes around.....

FWiedner · Post by **FWiedner** » Tue Jan 15, 2008 3:34 pm

I guess when they learned that Uncle Sam was gonna shore up the mortgage industry, they had to show a loss on paper in order to get their piece of the pie.

When the government loosens the treasury purse-strings to give away big piles of our tax dollars to bail out their corporate buddies, it's got to look like the poor fellers is goin' broke don't it?

The funniest part is that they get to double dip. All those mortgage losses are insured. They collect 100% of their losses from insurance, sell the notes at face value, and then whomever they sell the mortgages to gets to charge the customer full price for the property again, and then they'll do the same thing again.

It's quite a racket.

centershot · Post by **centershot** » Tue Jan 15, 2008 7:29 pm

No honor 'mongst thieves

.............whatever did happen to "honor"? Maybe it should be mandatory for all 18 year-olds to do 2 years service in the Marine Corps!

Maybe more people would understand what honor is all about.....................

centershot

Marlin .35 · Post by **Marlin .35** » Tue Jan 15, 2008 9:25 pm

HOPE THEY LOSE 200 TIMES THAT AMOUNT IN 2008!!!!!!

Post by **Ysabel Kid** » Tue Jan 15, 2008 11:12 pm

Couldn't happen to more deserving ***'s!

centershot wrote:Maybe it should be mandatory for all 18 year-olds to do 2 years service in the Marine Corps!

centershot

My bet - Jeremy wouldn't like that, and neither would most Marines. They are professional soldiers - not babysitters. Forcing all 18 year-olds into the Marines would turn them into the latter!!!

JReed · Post by **JReed** » Tue Jan 15, 2008 11:22 pm

centershot
Levergunner

Joined: 10 Sep 2007
Posts: 28

Posted: Tue Jan 15, 2008 4:29 pm Post subject:

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No honor 'mongst thieves .............whatever did happen to "honor"? Maybe it should be mandatory for all 18 year-olds to do 2 years service in the Marine Corps! Maybe more people would understand what honor is all about.....................

NO!!! if they dont want to volunteer I dont want them.

Jeeps · Post by **Jeeps** » Wed Jan 16, 2008 7:21 am

You can only be a Marine if you WANT it, it cannot be forced

marlinman93 · Post by **marlinman93** » Wed Jan 16, 2008 8:17 pm

FWiedner wrote:I guess when they learned that Uncle Sam was gonna shore up the mortgage industry, they had to show a loss on paper in order to get their piece of the pie.

When the government loosens the treasury purse-strings to give away big piles of our tax dollars to bail out their corporate buddies, it's got to look like the poor fellers is goin' broke don't it?

The funniest part is that they get to double dip. All those mortgage losses are insured. They collect 100% of their losses from insurance, sell the notes at face value, and then whomever they sell the mortgages to gets to charge the customer full price for the property again, and then they'll do the same thing again.

It's quite a racket.

Would be funny, if the govt. really was going to bail them out, but they aren't as of this moment. The govt. has merely told the financial institutions to freeze the rates on variable rate mortgages for 5 years. They have not made any inferences that they will bail anyone out. In fact they've said clearly that they wont.