If that’s how you want to look at a LOAN to help keep a Americans working so that they can afford to pay their mortgages so that the BANKS don’t have to get MORE billions in freebies(not loans)from the government. Did I miss the congressional hearings telling the banks how they should conduct their businesses and how much they should pay their employees? No, I don’t think I did. How much exactly was the executive bonus at AIG after their bailout with MY tax dollars?
My mom was saying that they should rethink how they build the cars instead of this bailout. My uncle worked for one of the big three, and now he might not be getting his retirement. Sad situation, but I still like the joke!
Actually, Lynn, I guess you did miss quite a bit. Google the CRA, or the Community Reinvestment Act. Learn the facts and find out that the Government did, indeed, stipulate what loans COULD NOT be turned down, so the lenders compinstated with sub-prime rates. Not many folks know what “sub-prime” means. Check it out! As far as the auto industry? Yeah, they don’t want a hand up, they want a hand out, until they go under, and then they will bitch about US, you and me, the taxpayer, didn’t do enough to help them. The UAW has been their demise. Paying folks to sit in a room shooting pool, reading or watching t.v. for 8 1/2 hours a day? Granted others worked, but a sh*t load of others got paid for not working. Read their contract. If you bought a house on the security of UAW?...to bad, so sad. Look for and find the facts! I am really truly sorry, if you and your family are having tough times right now. Many folks are and I don’t like it a bit. The point is….don’t point the g*tdamned finger, unless you know of what ya speak!
That poster is just hilarious and totally true. If the Big 3 made cars people wanted that were reliable, the foreign companies wouldn’t be eating their lunch.
The CRA, established in 1977 has nothing at all to do with any regulations or stipulations placed on the bailouts for the banks. It certainly didn’t require banks to give loans to people so that they could remortgage their homes in order to take vacations or to buy huge houses above their means. What I was talking about was the automakers’ CEOs are working for nothing in order to save money but AIG is paying millions in retention bonuses to employees. Are you ok with your money being spent that way in a company that was in trouble and in need of a bailout because of it’s risky and greedy business practices? I personally am not hurting financially because I have always lived within my means. I have a mortgage that is nearly paid off and that is it and I do not carry credit card debt no matter how easy they make it for us to get another credit card. How many credit cards do you get in the mail every year? I get credit cards sent to me that I never asked for. How many people are going to fall for that trap? I’m guessing a LOT. Don’t be fooled into thinking that it is only UAW members that are being hurt with the automaker’s trouble. There are a lot of little businessess with non UAW members that rely on the auto companies from small factory workers to waitresses who serve them as they spend their money in restaurants. Don’t make little of the demise of jobs in your own country. And yes, it was a LOAN that the automakers got. That means that they PAY IT BACK, AIG won’t be paying anything back and I’m sure that they won’t change their business practices either.
Too true, too true. Made me giggle, though!
ReplyDeleteI did buy American.
ReplyDeleteIf that’s how you want to look at a LOAN to help keep a Americans working so that they can afford to pay their mortgages so that the BANKS don’t have to get MORE billions in freebies(not loans)from the government.
ReplyDeleteDid I miss the congressional hearings telling the banks how they should conduct their businesses and how much they should pay their employees? No, I don’t think I did. How much exactly was the executive bonus at AIG after their bailout with MY tax dollars?
I see SOMEONE didn’t get a fixed mortgage rate…
ReplyDeleteSheez
My mom was saying that they should rethink how they build the cars instead of this bailout. My uncle worked for one of the big three, and now he might not be getting his retirement.
ReplyDeleteSad situation, but I still like the joke!
I proudly drive a Ford, but it was paid off in July :) This bailout thing is crap IMO.
ReplyDeleteFunny Funny!
ReplyDeleteActually, Lynn, I guess you did miss quite a bit.
ReplyDeleteGoogle the CRA, or the Community Reinvestment Act. Learn the facts and find out that the Government did, indeed, stipulate what loans COULD NOT be turned down, so the lenders compinstated with sub-prime rates. Not many folks know what “sub-prime” means. Check it out!
As far as the auto industry? Yeah, they don’t want a hand up, they want a hand out, until they go under, and then they will bitch about US, you and me, the taxpayer, didn’t do enough to help them. The UAW has been their demise. Paying folks to sit in a room shooting pool, reading or watching t.v. for 8 1/2 hours a day? Granted others worked, but a sh*t load of others got paid for not working. Read their contract. If you bought a house on the security of UAW?...to bad, so sad.
Look for and find the facts!
I am really truly sorry, if you and your family are having tough times right now. Many folks are and I don’t like it a bit.
The point is….don’t point the g*tdamned finger, unless you know of what ya speak!
And, Lynn?...that’s not a LOAN!!
ReplyDeleteIt’s a friggin’ hand out, at EVERYONES expense!
That poster is just hilarious and totally true. If the Big 3 made cars people wanted that were reliable, the foreign companies wouldn’t be eating their lunch.
ReplyDeleteThe CRA, established in 1977 has nothing at all to do with any regulations or stipulations placed on the bailouts for the banks. It certainly didn’t require banks to give loans to people so that they could remortgage their homes in order to take vacations or to buy huge houses above their means. What I was talking about was the automakers’ CEOs are working for nothing in order to save money but AIG is paying millions in retention bonuses to employees. Are you ok with your money being spent that way in a company that was in trouble and in need of a bailout because of it’s risky and greedy business practices?
ReplyDeleteI personally am not hurting financially because I have always lived within my means. I have a mortgage that is nearly paid off and that is it and I do not carry credit card debt no matter how easy they make it for us to get another credit card. How many credit cards do you get in the mail every year? I get credit cards sent to me that I never asked for. How many people are going to fall for that trap? I’m guessing a LOT.
Don’t be fooled into thinking that it is only UAW members that are being hurt with the automaker’s trouble. There are a lot of little businessess with non UAW members that rely on the auto companies from small factory workers to waitresses who serve them as they spend their money in restaurants.
Don’t make little of the demise of jobs in your own country. And yes, it was a LOAN that the automakers got. That means that they PAY IT BACK, AIG won’t be paying anything back and I’m sure that they won’t change their business practices either.
maybe it is funny
ReplyDelete( but I drive a ford explorer)
i have no idea when the bailout stupidity will stop