Republican Socialists

[quote name='thrustbucket']We are first going to attempt a mass exodus to South America, if that doesn't work, we'll organize a suicide.[/quote]

Which country? The Nazis have dibs on Argentina.
 
[quote name='willardhaven']Should I be stockpiling gold, food and ammo?[/quote]

[quote name='thrustbucket']We are first going to attempt a mass exodus to South America, if that doesn't work, we'll organize a suicide.[/quote]

[quote name='fatherofcaitlyn']Which country? The Nazis have dibs on Argentina.[/quote]

There's absolutely no need to escape the country or stockpile ammo, I hear the Military Industrial & Prison Complex are looking for a few good enforcers.

The pay is great, and they let you play all the Xbox you want. :D
 
[quote name='level1online']There's absolutely no need to escape the country or stockpile ammo, I hear the Military Industrial & Prison Complex are looking for a few good enforcers.

The pay is great, and they let you play all the Xbox you want. :D[/quote]

Sweet. I've always wanted to be part of the problem.
 
[quote name='fatherofcaitlyn']Which country? The Nazis have dibs on Argentina.[/QUOTE]

I've been doing a lot of research. So far Ecuador is the top of my list for south american countries most friendly to U.S. immigrants. And you can live like a king on little there. Costa Rica is also, but it's a lot more expensive. But I'm not above going to Belize or Honduras either.
 
[quote name='thrustbucket']I've been doing a lot of research. So far Ecuador is the top of my list for south american countries most friendly to U.S. immigrants. And you can live like a king on little there. Costa Rica is also, but it's a lot more expensive. But I'm not above going to Belize or Honduras either.[/quote]

Uh, yeah. For now.

When the dollar drops, we'll be migrant workers.

What is the government like? Dictatorship? Puppet republic?
 
[quote name='fatherofcaitlyn']Uh, yeah. For now.

When the dollar drops, we'll be migrant workers.

What is the government like? Dictatorship? Puppet republic?[/QUOTE]
I'm planning to go north myself. I hear poutine is good and I've always loved Vancouver. Stanley Park is a treasure.

As soon as I get there and get citizenship, I'm going to donate to the most xenophobic party I can find to keep the rest of ya'll out.
 
[quote name='fatherofcaitlyn']Uh, yeah. For now.

When the dollar drops, we'll be migrant workers.

What is the government like? Dictatorship? Puppet republic?[/QUOTE]

Where? Ecuador?

Well that's the beauty of it, it's a democracy but has a history of corruption. Only in that country, the people actually rise up, peacefully, and physically remove their leaders and quickly replace them when they are found to be corrupt.

The government as it stand snow has a tenuous relationship with the U.S. government. They don't like being bullied but they pick their fights. They want, for the most part, to be as disassociated from the U.S. gov as possible, especially when it comes to raping their resources.

But despite all that, the country is very friendly to foreigners, foreign investors, and even uses the american dollar as it's currency (for better or worse).
 
That really upsets me. while i dont disagree with the bailout its hard to understand how we do this and cant adequately fund our education program. if parents didnt donate so much time and money my sons school would be substandard.

[quote name='mykevermin']You mistakenly think I'm against giving AIG the money.

Or Fannie or Freddie.

I'm not. I'm against the government buying into companies and giving companies 1.5X what we spend on education each year, all the while we can't seem to find money for health care or social security.

It's the principle that gets to me: "I'm from the government and I'm here to help" applies if you're wealthy or a corporation, but not if you're a human being.

This is what bothers me: the principle shows just WHO matters in the United States these days. We have, by virtue of this act, set clear boundaries around persons and organizations we consider "deserving" and "undeserving" of aid when in peril.

There are a number of corpses in Louisiana and Mississippi that learned that lesson that 3 years ago. If only they were white (collar).[/QUOTE]
 
[quote name='Koggit']1) They are not being given money. They are being loaned up to $85b in order to allow them to meet their short-term cash and liquidity needs.

2) We are not giving them money for free. They have to pay it back within 2 years and at a punitive interest rate of LIBOR + 8.5%. The entire company has been put up as collateral. In addition, the US will be creditor number one so our money will be paid before any other creditor and/or shareholder. We also take 79.9% ownership of the company. Lastly, we are replacing their senior management.[/quote]

From the NYT today:

The Bush administration was overhauling its rescue of the American International Group on Sunday night, according to people involved in the deal, amid signs that the interest on its current credit line of more than $100 billion was putting too much strain on the ailing insurer.
Click to expand...

So in addition to the $85B you were defending, we've given them another $38B, and now we're back at the table because they can't make the interest payments. Yea, that worked.
3) The purpose of the rescue package was not to save AIG as a business, but rather to prevent its immediate collapse and the resulting market disruptions. In essence, the plan is to loan them money now and have them pay it off by selling their assets gradually over the next 24 months rather than in the span of 1 week. We’ve basically put them in a controlled bankruptcy that will allow their assets to be liquidated over time.
Click to expand...
From the NYT article:
When the restructured deal is complete, taxpayers will have invested and lent a total of $150 billion to A.I.G., the most the government has ever directed to a single private enterprise. It is a stark reversal of the government’s assurance that its earlier moves had stabilized A.I.G.

...

The government’s original emergency line of credit, while saving A.I.G. from bankruptcy for a time, now appears to have accelerated the company’s problems. That short-term loan came with a high interest rate — about 14 percent — which forced the company into a fire sale of its assets and reduced its ability to pay back the loan, putting its future in jeopardy.
Click to expand...
So that's not going to work either, as now we're essentially paying them to liquidate. Great deal for the taxpayer there.

[quote name='Koggit']Why are you comparing investment and expense?[/QUOTE]
I asked you to give us a little more depth last time and didn't get it. I would love to see a solid investment case made for this sucker now. Investment. lulz.
[quote name='speedracer']Alrighty then, how about this one: if you were the government, how would you book the transactions that just occurred? Investment, right? How would you grade that security?[/QUOTE]
 
Oh look. AIG is getting $30bil more. They lost a little over $450,000 a second last quarter.
 
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I somehow missed this thread. Koggit defending corporate bailouts, what a surprise.

Oh and thread title should be, "Republican Fascists".
 
[quote name='elprincipe']Sadly, not just Republican bitches, but Democrat bitches as well...wait until Congress passes this massive bailout bill with support from both parties.[/QUOTE]

I was right :cry:
 
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