Yeah, I was thinking about that. Surely some will say that private investors are putting their money at risk, but government is putting our money at risk. Except private investors got their money from us too, ultimately from the sale of products and services or through investment gains. Why do we care so much when government seems to lose our money but not when corporations or investors do? I guess the government is a convenient target for everybody, whereas when a VC makes a bad bet, there is only a relatively small set of people that get pissed.

Rootwitch wrote:


Because that's the truth.



Just my opinion, but you are way off here. Unless you own stock in the company or the investment fund, it's NOT your money. Just because you bought a Ford car doesn't mean Ford has your money. It's not your money anymore, you exchanged your money for a car. Now it's Ford's money.

The government takes your money gives you back (supposedly) services. You better care what they are doing with your money after they take it from you, because it directly impacts what you are going to see in future services.

Government backing individual companies encourages the worst in corruption. Hey, I'll donate 2 Mil to your campaign fund if you back 500 mil in loans to my company, what do you say?? Ever hear of Coleman Young? Quamme Killpatrick? That's the type of leaders you get when kickbacks and shakedowns are encouraged.

Boy, they sure saved a lot of jobs. I'll feel for these people and all, but I would argue that if they would have let this company fail when it should have, all those people would already be working at companies that can actually compete and sustain themselves. Now they are all laid off, and it's the false hope of government intervention that they have to blame....

jdeere5220 wrote:


Not our money? Are you living in a cave? A group of greedy and stupid private investors in the financial industry put 10 million people out of work in the USA alone, they crashed every stock in the market, put thousands of businesses out of business, stuck millions with negative equity in their homes, trashed pension funds and municipal treasuries and cost the taxpayer billions trying to clean up the mess and deal with the human cost of their corruption. Those basterds didn't lose their money, they lost our money and walked away with tens and hundreds of millions of dollars in "compensation".

Its the second time since we started dergulating the banks in 1980s that we have had a monstrous banking crisis where taxpayers had to bail out the industry because they were too big to fail; prior to that under strict banking regulations we had 40 years of operation without a problem. Now Republicans are trying to eliminate the post 2008 crash banking reforms (which are not even strong enough), so their Wall Street masters can reload, cook up the next scheme and walk away with another windfall at our expense.

Occam wrote:


That's pretty much entirely nonsense and I don't know where to begin. You were just saying a couple weeks ago that TARP didn't cost us anything, in fact we might make a profit, and now you are saying it cost us billions. Which is it?

People buying houses they couldn't afford because the the Dems think it's every persons right to own a house was the major cause of the housing bubble, that and allowing banks to trade securities (which, as you know, was signed into law by your beloved Clinton), were the major causes of the financial meltdown.



They didn't lose any of my money. Not sure how they lost yours unless you were invested in credit default swaps. I built my own house and I can afford the payments, and my debt-to-equity is right around 0.40, so no worries there. It's the people who bought houses they couldn't afford who are in trouble, and they should be.



Yeah, I know, in your mind it's always one party that's causing the problems. Nevermind who was in control of congress during the run up and and bursting of the housing bubble. Nevermind who signed the banks-can-invest-in-stocks law. Who was head of the house banking committee for years before the meltdown? (answer: Barney Frank, a homosexual Democrat). Who was head of the Senate banking committe for years before the meltdown (answer: Chris Dodd and Charles Schummer, heterosexual Democrats) Nevermind who pressured Freddy and Fannie to guarentee mortages with no money down (Democrat Charles Schummer). No, it's always the Replicans, the Republicans, the Republicans. I know it's difficult because it's in so deep, but try to pull your head out.

jdeere5220 wrote:


Isn't great the internet allows us to see it all in their own words?


Barney Frank, lying SOS.


And remember, the government had no influence at all, and Democrats never had any connections to ACORN, especially Barack Obama . Recall the housing bubble skyrocketed in 1998.


Fannie Mae/Freddie Mac still have not paid back the TARP money.



Occam's rant:


Sounds like a Michael Moore speech; two peas in a pod.



JUST TAKE THE MONEY, IT IS OURS, NOT THEIRS.



Democrat basterds^R piggy bank
www.nationalreview.com/articles/225579/p...nk/byron-york?page=1

I thought this was a pretty reasonable editorial regarding "green jobs". Green jobs, it turns out, are mainly just manufacturing jobs like any others. While the engineering might happen here, actually making the stuff for the smart grid or solar panels isn't likely to happen here, because and I quote:



Where the Jobs Aren’t

www.nytimes.com/2011/09/06/opinion/brook...ent.html?_r=1&hp



Exactly right.

i want to heat and run my super insulated solar house

but first i have to build it

i want to use autoclave aerated concrete aac

its been around for 100 years

but like the first electric cars 1890s

it still seems to elude people

they cry about people using wood and cutting down trees

then why wont they make this option available?

we could cut tree usage in half or more thats why

the world sucks

we will never have low cost efficient solar cells

the only technology thats getting better

is the one tracking all your movements and purchases

get old copies of omni and see all the stuff we will never have

cell phones have gone from a suitcase to a pack of matches

solar collectors havent gotten any better

people were starving around the world 30 years ago

now its much worse and now they have aids

people that try to change stuff for the better are either killed

or made out to be nuts or framed

when was the last disease cured?

green jobs are the new satanic movement

worship mother nature not GOD

and go back to the stone age

Let the cover-ups begin:

FBI at Solyndra Headquarters

www.nbcbayarea.com/news/local/FBI-at-Sol...rters-129455348.html

jdeere5220 wrote:


There, I fixed it for you.

www.nytimes.com/2011/12/29/business/ener..._r=1&ref=science

In Solar Power, India Begins Living Up to Its Own Ambitions