Comments on: Wall Street In Crisis http://www.seanpaune.com/2008/09/16/wall-street-in-crisis/ Sun, 12 Feb 2012 05:14:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Adam Pieniazek http://www.seanpaune.com/2008/09/16/wall-street-in-crisis/comment-page-1/#comment-31822 Adam Pieniazek Tue, 23 Sep 2008 20:13:28 +0000 http://www.seanpaune.com/?p=2181#comment-31822 Still, a loan to failing companies is just the sort of logic that got us into this mess. We're giving loans to companies who can't afford them because they gave loans to people who couldn't afford them. It's just an endless circle! Still, a loan to failing companies is just the sort of logic that got us into this mess. We’re giving loans to companies who can’t afford them because they gave loans to people who couldn’t afford them. It’s just an endless circle!

]]> By: Jo http://www.seanpaune.com/2008/09/16/wall-street-in-crisis/comment-page-1/#comment-31595 Jo Wed, 17 Sep 2008 11:04:07 +0000 http://www.seanpaune.com/?p=2181#comment-31595 What's happened to AIG happened to Fannie and Freddie, the housing situation, going back to what you said about No Money? Get a Loan for Free! idea put out by the Clinton administration. AIG is more than just loans and holdings, but insurance. The stable portion of AIG, the insurance division, would fail if the whole umbrella company did. The loan as I see it is going to keep one division from collapsing and bringing down the whole. We had some seriously nervous customers yesterday, but our company has a huge insurance policy with AIG and we weren't going to move it. Thing is, its a loan ... from what I understand, Freddie and Frannie were bailed out with a give me from our tax dollars. What’s happened to AIG happened to Fannie and Freddie, the housing situation, going back to what you said about No Money? Get a Loan for Free! idea put out by the Clinton administration. AIG is more than just loans and holdings, but insurance. The stable portion of AIG, the insurance division, would fail if the whole umbrella company did. The loan as I see it is going to keep one division from collapsing and bringing down the whole. We had some seriously nervous customers yesterday, but our company has a huge insurance policy with AIG and we weren’t going to move it. Thing is, its a loan … from what I understand, Freddie and Frannie were bailed out with a give me from our tax dollars.

]]> By: Wall Street In Crisis : thegameoflove http://www.seanpaune.com/2008/09/16/wall-street-in-crisis/comment-page-1/#comment-31591 Wall Street In Crisis : thegameoflove Wed, 17 Sep 2008 05:49:59 +0000 http://www.seanpaune.com/?p=2181#comment-31591 [...] Original Sean P Aune [...] [...] Original Sean P Aune [...]

]]> By: Adam Pieniazek http://www.seanpaune.com/2008/09/16/wall-street-in-crisis/comment-page-1/#comment-31590 Adam Pieniazek Wed, 17 Sep 2008 05:43:58 +0000 http://www.seanpaune.com/?p=2181#comment-31590 Wow. I can't believe they really have a NINJA loan. Don't get me wrong, <a href="http://www.adampieniazek.com/college/aig-and-general-re-fraud/" rel="nofollow">I knew AIG had shady and illegal practices</a> but NINJA loans is just straight plain retarded. The dumbest part about all these bailouts is that it will only make the economy worse. We've just announced to every big company that they don't even need to work for their dollar anymore or play it safe, they can do whatever the eff they want and if they fail Big Brother will help them out. In other words, we're actually encouraging more shenanigans from these big corporations. It really makes my brain cells hurt. I can feel them dying from trying to comprehend this situation. In the end, the only thing that reassures me is that these people are simple criminals and will get what they deserve somewhere down the line. Wow. I can’t believe they really have a NINJA loan. Don’t get me wrong, I knew AIG had shady and illegal practices but NINJA loans is just straight plain retarded.

The dumbest part about all these bailouts is that it will only make the economy worse. We’ve just announced to every big company that they don’t even need to work for their dollar anymore or play it safe, they can do whatever the eff they want and if they fail Big Brother will help them out. In other words, we’re actually encouraging more shenanigans from these big corporations.

It really makes my brain cells hurt. I can feel them dying from trying to comprehend this situation. In the end, the only thing that reassures me is that these people are simple criminals and will get what they deserve somewhere down the line.

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