Quote: Originally Posted by Cliffy
We didn't bail out the auto industry, we loaned them money to get back on their feet and they have paid that money back.
Cliff when you bail someone out they generally have to pay the money back. So we did bail out the auto industry.
The bankers got a freebee. If you do not understand how the fractional reserve system works, then maybe you should educate yourself about it. It pulls money out of thin air (or, more correctly, out of some bank owner's ***.)
No need to be snippy. I understand what happened with the banks, I also understand that the regulations on loaning people money under the Clinton Administration were completely abandoned and folks were allowed to borrow money for mortgages they could not possibly repay. I also know about the scumbags who ripped off investors for their pensions. And I agree that it was total bull.
Why does someone have to be hard done by to get involved in a cause. Perhaps she just has a social conscience. People have those, you know.
Bono has a social conscience and he is applying it. Tom Cochrane has a social conscience, in fact he had one before it was Sheik to head to Africa. There is nothing wrong with having a social conscience, but if she is not hard done and instead of saying she will stay they forever she could invest a bit of her good fortune in a manner that does not give the optic of the "Little Rich Girl" bedding down with the peasants.
Quote: Originally Posted by mentalfloss
Warren Buffet needs to stfu or start panhandling.
Warren Buffet is a joke. Most of his foundations are task shelters.