Author Topic: You people who keep referring to giving money to "Wall Street"...  (Read 1217 times)

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Offline asdf2231

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You people who keep referring to giving money to "Wall Street"...
« on: September 30, 2008, 01:07:58 AM »
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4126868

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philboy  (1000+ posts)      Mon Sep-29-08 08:53 PM
Original message
You people who keep referring to giving money to "Wall Street"...
Do you know what Wall Street is?

Wall Street is a street in New York City. That is all it is.

Do you know what the stock market is?

The stock market is every man, woman and child in this country, whether you own stocks or not.

If the market is allowed to fail, every man, woman and child is ****ed.

The market cannot be allowed to fail.

If CONFIDENCE is not restored, the market will fail.

The bailout needs to happen.

The bleeding must stop, and stop quick.

If only to buy us time to figure out the "right" thing to do.

Those of you cheering the potential collapse of the market might soon enough understand this.

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JVS  (1000+ posts)       Mon Sep-29-08 08:55 PM
Response to Original message
1. Your line of thinking is essentially fascist.

 

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philboy  (1000+ posts)      Mon Sep-29-08 08:55 PM
Response to Reply #1
2. How so?

 
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JVS  (1000+ posts)       Mon Sep-29-08 08:57 PM
Response to Reply #2
8. Because it equates the well being of the rich and the powerful institutions that create inequality..
 with the well being of the victims of these institutions.


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JVS  (1000+ posts)       Mon Sep-29-08 09:02 PM
Response to Reply #7
19. Fascism rejected the concept of class conflict, preferring to see society as...
 a collection of different groups that must be coordinated for the well-being of society. 


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avaistheone1 (1000+ posts)     Mon Sep-29-08 10:24 PM
Response to Reply #44
81. This sounds like alot of Bush talk. Be afraid. Be very, very afraid.
 I have read too many expert opinions that this is not the catastrophic event you portray.

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Realityhack (1000+ posts)      Mon Sep-29-08 09:09 PM
Response to Reply #20
28. You are compairing this to WMD? You understand major institutions have already failed right?
 We are not talking about a theoretical issue. 


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BuyingThyme  (1000+ posts)      Mon Sep-29-08 09:16 PM
Response to Reply #28
42. This is precisely WMD. 
 Edited on Mon Sep-29-08 09:17 PM by BuyingThyme
Do you really think today marked some kind of deadline that determined the financial future of your country -- just because a Smirking Chimp said so?

Put down the Kool-Aid.


Chock full of nutty DU financial analysis.








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Set a man on fire and he will be warm for the rest of his life...

Offline Chris_

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Re: You people who keep referring to giving money to "Wall Street"...
« Reply #1 on: September 30, 2008, 03:30:14 AM »
I'm sort of torn about this bailout.

As a small business owner whose business depends in a large part on people being able to get home loans I'm leaning in favor of it; however, as an American I'm leery as hell of it.

I just wonder how we would be today if the liberals hadn't pushed for the softening of lending requirements AND the dems hadn't of blocked every attempt to rein in Fannie and Freddie.
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Offline Ralph Wiggum

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Re: You people who keep referring to giving money to "Wall Street"...
« Reply #2 on: September 30, 2008, 10:17:18 AM »
Just using the phrase "you people" should have thrown up red flags to the rest of the DUmmies, as that is one of Rush Limbaugh's signature phrases.
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