Originally posted by Yogi:[..]
You should see "Capitalism: A Love Story" documentary and you would see how many average families that didn't live like rockstars were thrown out of their homes.
Human greed is the ONLY reason for all of this.
Originally posted by Risto:I dont need a documentary to know people got hurt. But the greed of people living above their standards caused this. When the boys on Wall Street found out they weren't getting their money back the system took a punch.
After some banks went bankrupt some of the 'innocent' went down as well. But there is a risk when you loan money. If you are willing to take that risk then you are on your own when things go wrong imho.
The real innocent people, who didnt buy that car, or live in a slightly smaller house are paying the debts of the people who spent more than they could affort.
So why save instead of loaning ? When other people will pay your debts? Good question
Summary: life isnt fair, get used to it
Originally posted by Guenther:[..]
Not really no. There are a bunch of really wierd people pushing for Obama's removal based on birth, but I think its a waste of time. We'll never know for sure.....
I do think its curious though, that he is the only US president that never had to prove citizenship......
I think it shows that people are incredibly stupid that they still worship him like some rockstar/god even though he has failed to keep his 3 big campaign promises....
Originally posted by wtshnnfb01:[..]
Another problemn is we live in a societie that wants it to be imposible to fail. Personally I thnk failure is a good thing. You can never reach the height of your potential till you've hit rock bottom.
Might get suspicious. Originally posted by The
Greece faces ‘big sacrifices' as £95bn bail-out agreed
Greece committed to make swingeing budget cuts as it clinched support from eurozone finance ministers for a €110bn (£95bn) bail-out.
Having secured the backing of the finance ministers, the three-year loan package needs to be approved by a number of European legislatures - including Germany and France - before a full meeting of the eurozone leaders next week.
George Papandreou, the Greek prime minister, said the austerity measures agreed at an emergency meeting of the cabinet were the "only road to save the country".
The plan agreed by the cabinet includes new budgets cuts of €30bn, which Mr Papandreou hopes will slash the public deficit to less than 3pc by 2014. "With our decision today our citizens will have to make big sacrifices," he said.
The additional austerity measures include:
Scrapping bonus 13th and 14th month wages for public sector workers as well as for retired people from both the public and private sectors.
Raising the retirement age for women from 60 to 65, bringing it in line with that for men;
Raising the sales tax from 21pc to 23pc this year.
The austerity package, which has been agreed with the European Union and International Monetary Fund, is aimed at averting bankruptcy.
Unions immediately voiced their dismay and vowed to step up their campaign against the cuts. Yannis Panagopoulos, president of the million-member strong GSEE union: "They are going to worsen the recession and plunge the economy into a deep coma. It's time to step up the social battle.
The package was welcomed by Angela Merkel, German Chancellor, who argued that it justified her demand for the IMF to be involved in the Greek bail-out over the objections of her European peers.
"This is an ambitious programme which contains tough savings measures and on the other hand seeks to improve the efficiency of the Greek economy," Merkel told reporters.
"Three months ago it would have been unthinkable that Greece would accept such tough conditions," she added.
Greece's deficit reached 13.6pc of gross domestic product last year. The country faces an urgent need for help with €9bn of debts that are due on May 19. Eurozone leaders hope a deal will prevent contagion to other countries including Spain and Portugal.
By Richard Fletcher, City Editor
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7669963/Greece-faces-big-sacrifices-as-95bn-bail-out-agreed.html
Originally posted by Risto:People want everything without risk. Makes me so mad that people who stored thousands on foreign bank account got their money back when Icesave fell. They took the risk, got extremely high interest, made money from it and their risks were covered by the people who didn't take that risk.
Same with people who bought shares on the market and complain when they fall because of the crisis.
Should other people cover the unnecessary risks others take? Not in my opinion. It's sickening how greedy and selfish some people are. Do whatever you do with your money, but if you lose it dont come begging to me. I dont owe them a penny.
Originally posted by Risto:[..]
We should stop agreeing soon
Originally posted by yuri31:[..]
Now for something different: three days before the general election in Britain, latest polls show that the Conservative Party might be gaining the majority after all.
Originally posted by wtshnnfb01:[..]
Given the economic situation, it makes sense to go for the guy, who wants to spend the least.
Originally posted by wtshnnfb01:You guys here about the attempted bombing in NYC?
Originally posted by wtshnnfb01:You guys here about the attempted bombing in NYC?
Heard that fertilizers and detonaters were found and that they have the suspect on cam.