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  #31  
Old 12-09-2007, 03:31 PM
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As I said before, a better idea would be for the government to save the banks, and in the process take them over, i.e. nationalization. Then everyone keeps their jobs except for management who deserves to lose them anyway due to mismanagement.

I have a hell of a time agreeing that my tax money should go to make sure the CEO gets his $100 million salary next year. Any help the government gives should have conditions, and condition #1 should be that none of these high paid execs get paid anything more than a normal salary.
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  #32  
Old 12-09-2007, 04:05 PM
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B-Line '08 FTW!!!!

(can I still sec. 179 the E70 I buy with my profits too? )
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  #33  
Old 12-09-2007, 04:08 PM
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Quote:
Originally Posted by Eric5273
As I said before, a better idea would be for the government to save the banks, and in the process take them over, i.e. nationalization. Then everyone keeps their jobs except for management who deserves to lose them anyway due to mismanagement.

I have a hell of a time agreeing that my tax money should go to make sure the CEO gets his $100 million salary next year. Any help the government gives should have conditions, and condition #1 should be that none of these high paid execs get paid anything more than a normal salary.

Govt run the bank, oh that would be wonderful, lines and competence like the DMV....great call
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  #34  
Old 12-09-2007, 04:13 PM
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Quote:
Originally Posted by Wagner
Govt run the bank, oh that would be wonderful, lines and competence like the DMV....great call
Communism much?
That means our deposits will go by way of social security and our national budget.
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  #35  
Old 12-09-2007, 04:17 PM
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Is it a shock, Eric wrote it
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We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

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  #36  
Old 12-09-2007, 06:19 PM
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Quote:
Originally Posted by Wagner
Govt run the bank, oh that would be wonderful, lines and competence like the DMV....great call
I don't know how things are in your state, but here in NY the DMV offers a much much better experience than the local Chase or Citibank. Those bank tellers are just one notch below the person who helps you at McDonalds. Bank tellers here is NY make less money than WalMart employees.

I've tried using about a dozen local banks for my business accounts, and I still can't find one that consistantly gets things right.
Each month I have at least a dozen problems that require me to go and meet with the branch manager. The tellers are assistant managers are simply clueless.
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  #37  
Old 12-09-2007, 06:28 PM
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I tend to agree and disagree, I was discussing this in class a few nights ago actually, I would tend to say that this must be done in order to prevent a full economic meltdown, these people are should not be bailed out BUT I don't want their mistakes ruining my life either, so it's a catch 22 for me, I don't REALLY think this will fix it, most of the people who really need this have already missed a payment or 2, so this doesn't fix their situation, if they really wanted to fix it, I'd say they need to make it "no more then 4 payments etc"

I'm hoping this educated people on what not to do without ruining the good brokers out there either
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  #38  
Old 12-09-2007, 06:54 PM
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We should not bail out the banks or mortgage companies with taxpayers money. It's not fair to those that live within their means. Take a look around every day we pay more and more taxes to pay for government programs ie flood insurance backing to rebuild in costal and flood plains, health care, and pension bailouts. If this continues will soon be like Europe and paying double for the BMW's
Now I do agree that it's in the bank's best interest to work with the consumers to restructure some loans, but that's a private business relationship and the government should not be a party to it.
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  #39  
Old 12-10-2007, 05:28 AM
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Quote:
Originally Posted by Eric5273
I don't know how things are in your state, but here in NY the DMV offers a much much better experience than the local Chase or Citibank. Those bank tellers are just one notch below the person who helps you at McDonalds. Bank tellers here is NY make less money than WalMart employees.

I've tried using about a dozen local banks for my business accounts, and I still can't find one that consistantly gets things right.
Each month I have at least a dozen problems that require me to go and meet with the branch manager. The tellers are assistant managers are simply clueless.
As Fred Thompson tries to tell Rudi, "the US is not New York".

No in MD it is not that way, the DMV is a endless loop of bueracracy in which you pay more and more for worse and worse service. I would rather spend my day in a bank then the DMV, and I go through cars every 6-12 months so I'm there a couple times a year. They are a joke.
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"promote the general welfare, not provide the general welfare"

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

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  #40  
Old 12-10-2007, 01:53 PM
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Quote:
Originally Posted by Wagner
No in MD it is not that way, the DMV is a endless loop of bueracracy in which you pay more and more for worse and worse service. I would rather spend my day in a bank then the DMV, and I go through cars every 6-12 months so I'm there a couple times a year. They are a joke.
You know, people run the DMV, and people also run your local bank. The quality of work those people do is usually a result of how much they are paid, not a result of where they get their paycheck from. Here in NY, civil service employees are actually paid rather well, while bank tellers are paid crap. Perhaps in MD it is the other way around....I have no idea.

But I can assure you that if the top management at Citibank was let go and taken over by the Federal government, but other than that there were no huge policy changes, you would not notice a difference at your local Citibank branch.

And I'm just curious, but why did you choose to use the DMV as your model for comparison of how a government operation works. Why not the Fire Department? Or maybe the Post Office?

I guess that's kind of like when you guys use North Korea or some other poor country as your model for Socialism, but use the United States as your model for Capitalism (instead of Mexico or Nigeria). I guess it makes your argument better.
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