161–170 of 194 posts
I want a bridge loan for my startup. Instead, I get to pay taxes to pay for this nonsense.
Incorrect. You get to pay taxes for this someday . The bailouts are financed with debt, not cash. I, for one, welcome our soverign wealth fund overlords.
I want a bridge loan for my startup. Instead, I get to pay taxes to pay for this nonsense.
If AIG went down, do you in some way think you would find it easier to get a loan. On the contrary, I think it would be unlikely that anyone would be lending anyone anything.
Lest we forget that easy credit and living above our means is what got us into this mess in the first place.
Serious question that is actually very related: if you had to move to a foreign country and work on your internet start up, where would you move? Why?
Earlier quoted context omitted.
Cancer. Diabetes. Yadda yadda. Do you know how many people are not insured and cannot afford insurance? ("Go to the emergency room" is not a health plan.) Do you know how many people with serious illnesses are turned down by their own insurance companies every year? I'm not saying socialism is an automatic answer, but it'd better than this mess.
do the 40% of americans who don't pay taxes deserve free entitlement programs?
If not, then the answer to your question is "yes".
Serious question that is actually very related: if you had to move to a foreign country and work on your internet start up, where would you move? Why?
Any of the Scandinavian countries, especially Denmark. They seem to know what they are doing in more ways than one.
Earlier quoted context omitted.
Any of the Scandinavian countries, especially Denmark. They seem to know what they are doing in more ways than one.
What are your thoughts on their high taxes?
Add to that that they have a business friendly environment, land access to the rest of the EU and are big free trade lovers and you've got a pretty good place to settle.
Earlier quoted context omitted.
Government owned companies does not mean a socialist country. It's something socialist countries do. Eating grass doesn't make you a sheep.
Quacking like a duck doesn't make you a duck. God, that was too easy.
http://en.wikipedia.org/wiki/Duck_test
...used the phrase when he accused the Jacobo Arbenz Guzmán government of being Communist. Patterson explained his reasoning as follows:
Suppose you see a bird walking around in a farm yard. This bird has no label that says 'duck'. But the bird certainly looks like a duck. Also, he goes to the pond and you notice that he swims like a duck. Then he opens his beak and quacks like a duck. Well, by this time you have probably reached the conclusion that the bird is a duck, whether he's wearing a label or not."
Earlier quoted context omitted.
If AIG went down, do you in some way think you would find it easier to get a loan. On the contrary, I think it would be unlikely that anyone would be lending anyone anything.
I have been building savings since I was 15. I have a fair amount of money in the bank for someone my age. I WANT it hard to get a loan. I want all these other people with no savings cut out of the market for housing, for business opportunities, for education. That would leave me first in line. Propping up the credit market is, yet again, screwing savers like me in favor of the spendthrifts.
btw: what's your age now?
Welcome to socialist states of America
AIG is getting badly punished for this. They are getting the loan at LIBOR + 8.5%. That's downright punitive. LIBOR + 8.5% is not a rate at which a company with AIG's business model could survive at. AIG lends to people at around LIBOR + 4% for mortgages or LIBOR + a lower % to insure BBB to AA rated borrowers. They'll probably have to sell off their assets in a hurry at below fair value. The longer they wait, the mo…