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Tuesday, June 18, 2024 |
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Is it 1929 All Over Again? Trump Thinks So |
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Middletown News
Prominent MUSA Citizen Joined: Apr 29 2008 Location: United States Status: Offline Points: 1100 |
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Posted: Nov 06 2008 at 2:31pm |
Trump said on Fox news today, “No matter how strong you are, you can't borrow 10 cents,” Trump says. “And, I will tell you, this could lead to something very, very bad for the country and for the world.”
“It's a very serious problem, the likes of which we have not seen since 1929.” Full Story: Trump: It's 1929 Again
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Pacman
Prominent MUSA Citizen Joined: Jun 02 2007 Status: Offline Points: 2612 |
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And we are giving these Banks Billions for that very purpose, to loosen the lending and once again we the little guy get screwed. Fifth Third is or has gotten $3-4 BILLION.
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Ernie
MUSA Immigrant Joined: Jun 09 2008 Location: United States Status: Offline Points: 18 |
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It was many people being, lets say "pushed" into making deals with people who had little or no money. They let them have, "CREDIT CARDS" and "LOANS" big loans. Because of this the working class who has been back bone to this country gets the smack in the face. I wonder why these people are not being held accountable for there blunders. So it has been reported that this problem just din't pop up yesterday but yet it was allowed to linger on untill someone stood up and said I thing we might have that need addressed.
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arwendt
MUSA Official Joined: May 17 2007 Location: United States Status: Offline Points: 588 |
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I think that every company that received a bailout needs to have someone held accountable. If they did not break any laws then we need to make a new law so the next time this happens someone has to pay. The fact that these companies got billions of our dollars in a bailout then treated themselves to a nice retreat shows how messed up this government is. |
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“Sell not virtue to purchase wealth, nor Liberty to purchase power.” Benjamin Franklin - More at my Words of Freedom website.
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HereIam
MUSA Resident Joined: Oct 29 2007 Location: United States Status: Offline Points: 108 |
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Now the big catch phrase is "Why Not Me?" More and more are complaining that they did it right. They bought a house within thier means, paid or are paying a fixed interest mortgage, and feel that they are getting the short end of the stick because they feel they are paying to bail out someone who was financially irresponsible. This is the worst thing that could have possible happened. Now people who couldn't afford a $200,000 home will be buying $500,000 homes. When will it stop? |
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