Home › Forums › Financial Markets/Economics › Economic Collapse 2011?
- This topic has 385 replies, 37 voices, and was last updated 13 years, 3 months ago by
CA renter.
-
AuthorPosts
-
June 10, 2010 at 6:18 PM #563294June 10, 2010 at 6:21 PM #562302
briansd1
Guest[quote=Veritas]Feds Didn’t Do Enough To Avoid ‘Poisonous’ AIG Bailout And Now Changing Story To Defend It, Watchdog Says:
“Despite the many options it had, the team led by current Treasury Secretary Timothy Geithner chose to bail out ailing insurer American International Group Inc. and its Wall Street counterparties to the eventual tune of more than $182 billion, a decision that continues to have a ‘poisonous effect on the marketplace,’ according to a new Congressional report.”
http://www.huffingtonpost.com/2010/06/10/feds-didnt-do-enough-to-a_n_607141.html
More transparency from the people who brought us hope and same, I mean change. Good grief.[/quote]
Veritas, who exactly authorized the AIG bailout? And who could have stopped it?
“Even at this late stage, it remains unclear whether taxpayers will ever be repaid in full,” the Congressional Oversight Panel [COP] noted in its Thursday report on AIG and the extraordinary taxpayer support it received from the fall of 2008 through March 2009.
June 10, 2010 at 6:21 PM #562398Guest[quote=Veritas]Feds Didn’t Do Enough To Avoid ‘Poisonous’ AIG Bailout And Now Changing Story To Defend It, Watchdog Says:
“Despite the many options it had, the team led by current Treasury Secretary Timothy Geithner chose to bail out ailing insurer American International Group Inc. and its Wall Street counterparties to the eventual tune of more than $182 billion, a decision that continues to have a ‘poisonous effect on the marketplace,’ according to a new Congressional report.”
http://www.huffingtonpost.com/2010/06/10/feds-didnt-do-enough-to-a_n_607141.html
More transparency from the people who brought us hope and same, I mean change. Good grief.[/quote]
Veritas, who exactly authorized the AIG bailout? And who could have stopped it?
“Even at this late stage, it remains unclear whether taxpayers will ever be repaid in full,” the Congressional Oversight Panel [COP] noted in its Thursday report on AIG and the extraordinary taxpayer support it received from the fall of 2008 through March 2009.
June 10, 2010 at 6:21 PM #562903Guest[quote=Veritas]Feds Didn’t Do Enough To Avoid ‘Poisonous’ AIG Bailout And Now Changing Story To Defend It, Watchdog Says:
“Despite the many options it had, the team led by current Treasury Secretary Timothy Geithner chose to bail out ailing insurer American International Group Inc. and its Wall Street counterparties to the eventual tune of more than $182 billion, a decision that continues to have a ‘poisonous effect on the marketplace,’ according to a new Congressional report.”
http://www.huffingtonpost.com/2010/06/10/feds-didnt-do-enough-to-a_n_607141.html
More transparency from the people who brought us hope and same, I mean change. Good grief.[/quote]
Veritas, who exactly authorized the AIG bailout? And who could have stopped it?
“Even at this late stage, it remains unclear whether taxpayers will ever be repaid in full,” the Congressional Oversight Panel [COP] noted in its Thursday report on AIG and the extraordinary taxpayer support it received from the fall of 2008 through March 2009.
June 10, 2010 at 6:21 PM #563010Guest[quote=Veritas]Feds Didn’t Do Enough To Avoid ‘Poisonous’ AIG Bailout And Now Changing Story To Defend It, Watchdog Says:
“Despite the many options it had, the team led by current Treasury Secretary Timothy Geithner chose to bail out ailing insurer American International Group Inc. and its Wall Street counterparties to the eventual tune of more than $182 billion, a decision that continues to have a ‘poisonous effect on the marketplace,’ according to a new Congressional report.”
http://www.huffingtonpost.com/2010/06/10/feds-didnt-do-enough-to-a_n_607141.html
More transparency from the people who brought us hope and same, I mean change. Good grief.[/quote]
Veritas, who exactly authorized the AIG bailout? And who could have stopped it?
“Even at this late stage, it remains unclear whether taxpayers will ever be repaid in full,” the Congressional Oversight Panel [COP] noted in its Thursday report on AIG and the extraordinary taxpayer support it received from the fall of 2008 through March 2009.
June 10, 2010 at 6:21 PM #563299Guest[quote=Veritas]Feds Didn’t Do Enough To Avoid ‘Poisonous’ AIG Bailout And Now Changing Story To Defend It, Watchdog Says:
“Despite the many options it had, the team led by current Treasury Secretary Timothy Geithner chose to bail out ailing insurer American International Group Inc. and its Wall Street counterparties to the eventual tune of more than $182 billion, a decision that continues to have a ‘poisonous effect on the marketplace,’ according to a new Congressional report.”
http://www.huffingtonpost.com/2010/06/10/feds-didnt-do-enough-to-a_n_607141.html
More transparency from the people who brought us hope and same, I mean change. Good grief.[/quote]
Veritas, who exactly authorized the AIG bailout? And who could have stopped it?
“Even at this late stage, it remains unclear whether taxpayers will ever be repaid in full,” the Congressional Oversight Panel [COP] noted in its Thursday report on AIG and the extraordinary taxpayer support it received from the fall of 2008 through March 2009.
June 11, 2010 at 8:21 AM #562415(former)FormerSanDiegan
Participant[quote=briansd1]I wanna know… if the economy will collapse in 2011 because the Bush tax cuts will expire, is it a good time to buy a house now?[/quote]
Of course, it’s an optimal time. When the tax cuts end, the marginal tax rate will go up, making the mortgage tax deduction all that more valuable, and increasing the amount of mortgage one can afford for a given out-of-pocket cost. I’m surprised Laffer did not point out my point above in his recent article. It’s all about tax code and implications caused by changes in tax code 😉
June 11, 2010 at 8:21 AM #562512Participant[quote=briansd1]I wanna know… if the economy will collapse in 2011 because the Bush tax cuts will expire, is it a good time to buy a house now?[/quote]
Of course, it’s an optimal time. When the tax cuts end, the marginal tax rate will go up, making the mortgage tax deduction all that more valuable, and increasing the amount of mortgage one can afford for a given out-of-pocket cost. I’m surprised Laffer did not point out my point above in his recent article. It’s all about tax code and implications caused by changes in tax code 😉
June 11, 2010 at 8:21 AM #563018Participant[quote=briansd1]I wanna know… if the economy will collapse in 2011 because the Bush tax cuts will expire, is it a good time to buy a house now?[/quote]
Of course, it’s an optimal time. When the tax cuts end, the marginal tax rate will go up, making the mortgage tax deduction all that more valuable, and increasing the amount of mortgage one can afford for a given out-of-pocket cost. I’m surprised Laffer did not point out my point above in his recent article. It’s all about tax code and implications caused by changes in tax code 😉
June 11, 2010 at 8:21 AM #563125Participant[quote=briansd1]I wanna know… if the economy will collapse in 2011 because the Bush tax cuts will expire, is it a good time to buy a house now?[/quote]
Of course, it’s an optimal time. When the tax cuts end, the marginal tax rate will go up, making the mortgage tax deduction all that more valuable, and increasing the amount of mortgage one can afford for a given out-of-pocket cost. I’m surprised Laffer did not point out my point above in his recent article. It’s all about tax code and implications caused by changes in tax code 😉
June 11, 2010 at 8:21 AM #563413Participant[quote=briansd1]I wanna know… if the economy will collapse in 2011 because the Bush tax cuts will expire, is it a good time to buy a house now?[/quote]
Of course, it’s an optimal time. When the tax cuts end, the marginal tax rate will go up, making the mortgage tax deduction all that more valuable, and increasing the amount of mortgage one can afford for a given out-of-pocket cost. I’m surprised Laffer did not point out my point above in his recent article. It’s all about tax code and implications caused by changes in tax code 😉
June 11, 2010 at 9:41 AM #562474Nor-LA-SD-guy
Participant2011 Economic Collapse ???
Don’t know, but Katla shaking and baking again
June 11, 2010 at 9:41 AM #562573Participant2011 Economic Collapse ???
Don’t know, but Katla shaking and baking again
June 11, 2010 at 9:41 AM #563078Participant2011 Economic Collapse ???
Don’t know, but Katla shaking and baking again
June 11, 2010 at 9:41 AM #563186Participant2011 Economic Collapse ???
Don’t know, but Katla shaking and baking again
-
AuthorPosts
- You must be logged in to reply to this topic.