US banks ready for another bailout .....

netanyahoo · Nov 16, 2011

US banks are ready to fall apart as Euro debt crisis intensifies ....
They will seek another tax payer funded bailout (more material for OWS).
Fannie Mae asking for another $7.8B bailout. USPS looking for bailout.
Alabama county filing for bankruptcy. Many CA counties filing for bankruptcy.
Time to plunder a new planet !!

myp · Nov 16, 2011

netanyahoo said:
US banks are ready to fall apart as Euro debt crisis intensifies ....
They will seek another tax payer funded bailout (more material for OWS).
Fannie Mae asking for another $7.8B bailout. USPS looking for bailout.
Alabama county filing for bankruptcy. Many CA counties filing for bankruptcy.
Time to plunder a new planet !!

Sensationalism much? And US banks have no where near as bad exposure to Euro debt as European banks.

lars · Jan 6, 2012

Goldman sachs depends on europeon government bailout, they need europe to sacrifice for them.

Fascist Canuck · Jan 29, 2012

netanyahoo said:
US banks are ready to fall apart as Euro debt crisis intensifies ....
They will seek another tax payer funded bailout (more material for OWS).
Fannie Mae asking for another $7.8B bailout. USPS looking for bailout.
Alabama county filing for bankruptcy. Many CA counties filing for bankruptcy.
Time to plunder a new planet !!

Yet, not a single Canadian bank received a dime from the taxpayer during the world crisis. Here, we have ever more socialism happening in the USA via taxpayer 'bailouts' of the US banks. *ROTFLMAO @ dumb**** Americans calling Canada a 'socialist country'*

dojo · Feb 2, 2012

If this happens I don't see the Americans too well. I do believe many haven't yet recovered from the previous problems and another kick would be pretty nasty for the people. I find it pretty annoying that people are left homeless if they can't afford to respect their contracts, but the big players are getting a totally undeserved 'pity' from the State. But, as our saying in Romania goes 'equality is not for puppies'

DodgeFB · Feb 2, 2012

dojo said:
If this happens I don't see the Americans too well. I do believe many haven't yet recovered from the previous problems and another kick would be pretty nasty for the people. I find it pretty annoying that people are left homeless if they can't afford to respect their contracts, but the big players are getting a totally undeserved 'pity' from the State. But, as our saying in Romania goes 'equality is not for puppies'

I was lucky enough to get our home paid off before the bubble burst. We don't have much money. We no longer have credit cards, our only bills are for lights, gas, and water. So we have no bills that carry interest. If we did we would be in trouble.

lars · Feb 6, 2012

Look, I can tell euopreons heartfully, your being screwed royally. We, us americans sold you guy's what amounts to negative amortization loans to bail out the likes of greece, and others than sold you 59 trillion in classified good loans that were shyt. listen up. You better start thinking for yourselves, like america once did.

myp · Feb 6, 2012

lars said:
Look, I can tell euopreons heartfully, your being screwed royally. We, us americans sold you guy's what amounts to negative amortization loans to bail out the likes of greece, and others than sold you 59 trillion in classified good loans that were shyt. listen up. You better start thinking for yourselves, like america once did.

I think you are misunderstanding what is happening. Also, who is "we" here? The US has an interest in not seeing the EU collapse. And last, but not least, do you have a source for the 59 trillion figure.

lars · Feb 6, 2012

Look here my friend, you think you can denie the loans made. would you like me to explain, I will. The US interest is for europe to pay in full, of course we want you to suceed, but we need to make a profit for helping you.

lars · Feb 7, 2012

A healthy europe is good for america, that is true. Here is a small example of what has happened in europe. 8 towns in norway bought 200 million in high yield bonds from Citigroup. Money they borrowed from local banks, as investments, backed by 10 years of reciepts from hydroelectric plants. The AAA bonds are now worth 0. This happened all over europe. Now the investment banks have sold you all on zero amortization loans, so the countries payments are small while their princible grows, europe is worse off than you realize.

myp · Feb 7, 2012

lars said:
Look here my friend, you think you can denie the loans made. would you like me to explain, I will. The US interest is for europe to pay in full, of course we want you to suceed, but we need to make a profit for helping you.

I am not denying anything here. I am asking you for proof of what you are saying. Where are you getting that figure from?

myp · Feb 7, 2012

lars said:
A healthy europe is good for america, that is true. Here is a small example of what has happened in europe. 8 towns in norway bought 200 million in high yield bonds from Citigroup. Money they borrowed from local banks, as investments, backed by 10 years of reciepts from hydroelectric plants. The AAA bonds are now worth 0. This happened all over europe. Now the investment banks have sold you all on zero amortization loans, so the countries payments are small while their princible grows, europe is worse off than you realize.

Well Norway isn't in trouble right now. And 200 million is not a lot in terms of the severity of the EU's current problems just as most other bad housing investments are not the major component of the fiscal problems.

Kingdom · Feb 7, 2012

lars said:
A healthy europe is good for america, that is true. Here is a small example of what has happened in europe. 8 towns in norway bought 200 million in high yield bonds from Citigroup. Money they borrowed from local banks, as investments, backed by 10 years of reciepts from hydroelectric plants. The AAA bonds are now worth 0. This happened all over europe. Now the investment banks have sold you all on zero amortization loans, so the countries payments are small while their princible grows, europe is worse off than you realize.

Yeah, and then Norway sued. If you're so supposed use an example of the hard times Europe are going through, why do you choose Norway? It's probably the only country in Europe that has managed to keep itself isolated from this crisis.

Calvin · Feb 11, 2012

myp said:
Sensationalism much? And US banks have no where near as bad exposure to Euro debt as European banks.

Thank you for smacking this hysterical hippie in the mouth myp. There is no need for concern (at least not yet). The debt ceiling has been raised, but without question US expenditure must go down to keep debt payments sustainable.

So long as the US government can continue making its repayments, the world's largest and most important economy will continue to grow (albeit slowly), and will be the bedrock for global economic stability.

Sarevus · Feb 12, 2012

Discussions are never done well through hostility.

Schmidt · Feb 16, 2012

I hope the euro does not fail then our econmy will hit the fan dudes
and we cant always rasise the debt ceiling we are just digging ourselves into futher dedt

DodgeFB · Feb 16, 2012

Schmidt said:
I hope the euro does not fail then our econmy will hit the fan dudes
and we cant always rasise the debt ceiling we are just digging ourselves into futher dedt

I know the feeling.

US banks ready for another bailout .....

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