kdenninger: STOP THE BAILOUT OR.... DEPRESSION? (re-upload)

[marsh8472]

wow I guess the bill didn't get passed :-)

[kurtilein3]

bush will try it again. i guess we will have to wait until after the election.

we will keep telling bush that the bailout, in its current form, is nonsense, and bush will keep trying to get the bailout passed, ignoring all other possible solutions. and the result is that nobody does anything to improve the situation. that would be the worst case scenario.

[onstageagain]

Mega-Million Dollar CEO Payouts

Outrageuos salaries/benefits for the people who created this monster economic crisis.

Washington Mutual CEO, 2007 Kerry K. Killinger $1,000,000 $3,468,625 $4,468,625

2006 Kerry K. Killinger $5,100,000$17,153,715 $22,253,715

2005 Kerry K. Killinger $4,600,000 $8,876,608 $13,476,608

2004 Kerry K. Killinger $2,900,000 $12,335,416 $15,235,41,000,000

[onstageagain]

We are fools to let this continue america...

CEOs have come under new scrutiny for their multi-million-dollar salaries, even when their companies have suffered.

AIG

2007 Martin J. Sullivan $10,200,000 $5,647,439 $15,847,439

2006 Martin J. Sullivan $16,900,000 $5,838,656 $22,738,656

2005 Martin J. Sullivan $7,750,000 $159,000 $7,909,000 2004 M.R. "Hank" Greenberg $1,400,000 $12,002,880 $13,402,880

[virginlampoil]

Why don't we do what Warren Buffet did, purchased preferred shares with 10% interest?

That why they could get the cash they need.

Buffet didn't want to mess around with the toxic assets, why should we? Other than the politicians want to selectively dish out the 700B for political gain.

[LemuriaInTheSea]

Should I quit paying my credit card payment to WAMU? Currently, I have been paying 22.9%!! I called them up and asked them to reduce the rate. "No" was the answer. I told the Customer Rep to tell her bosses they are thieves. Should I quit paying them?

[kurtilein3]

i dont know, ask kdenninger ;)

really, both possibilities seem plausible to me, but im not an expert, i didnt even record this video.

[marsh8472]

Blah it's going to pass, let's just hope this guy (that I never heard of) is wrong :-)

[0rcryst]

"[...]while I'm sure no one likes the idea of giving these banks loads of cash as a reward for fucking up, maybe seeing the bigger picture would be better at this point. I will say this for sure, this would be money much better spent than the loads we've been dropping on the war. And we've been doing that for years. Maybe 700 billion to make sure we all don't have to become farmers isn't so bad."

-2 Gryphon.

[kurtilein3]

0rcryst:

the problem is, they are giving the money to the wrong people. and they are NOT doing some of the things that wouldnt cost anything but that would help to improve the situation, right now as well as in the long run. a better idea, probarbly not the best one, because im not an expert: give the money to individuals and small companies to pay off their debt. the cash will then automatically go to the banks, because they have been lending the money. bail out the people, not the criminals.

[cyberweirdo2001]

what a stupid fucking conspiracy theory.

Why would the people in power in USA want to cripple their own capital system???

Please stop pulling these conspiracy theories out of your asses!

[kurtilein3]

what are you talking about?

i really dont know what you mean.

all conspiracies have on thing in common: they are secret. but this video is referring to things that happen publicly, in congress. how could it be a conspiracy theory?

[GetTheCans]

I wonder what will happen to those countries invested in that economy?

This concerns me. I was investing in order to prepare for my retirement and I wanted to start early. Was I wrong?

[SkirtsUpPantsDown]

absolutely and completely. But it's not your fault. We've all been hearing how easy it is to put your money to work for years, and those adds are still playing...

[GetTheCans]

This is depressing. Considering that the CPP is worthless, it basically means that I will never be able to retire.

[PScottrwp]

Congress will bail them out..then a complete collapse will follow, but not instantly...in a few months or a year as the rest of the world avoids US securities, defunding a nation 50 trillion dollars in debt, or worse if its derivitives collapse...and they will.

It might be worth while to zoom in on his book case, I think the green book on the right is Hubbards Management series

Phil scott

[kurtilein3]

its not looking very good for the united states. the question will be: what are you good at? can you sell stuff that the rest of the world wants? do you have enough educated people to attract companies that primarily need educated people? what about technology, patents?

it seems as if the united states were rich because they had power and control. (before that, you had oil, and the american dream). this will change, and to stay rich you will need to really earn it, no more lending.

[PScottrwp]

American education ranks 38th in the world behind shri lanka in math/science. Run of the mill 20 somethings are illiterate. Our primary skilled talent has been laid off and atrophying for 10 years..along with key mfgr. corporations and govt have bred corruption...we are fat, dumb as hell and lazy now for the most part.

it will be nasty as hell... recovery to viable levels will take a generation or more. I can ply my trade and engr skills though.

[kurtilein3]

in this modern world, education seems to be the key to everything. improve education, outlaw homeschooling, make universities less expensive. and then you have to fix your media system somehow, and make sure that the public has access to some high-quality news channels. but for the moment, you are fucked.