I DON'T live in an Igloo!
Wait a minute !! CONGRESS forced the banking industry to loan money to people that couldn't repay the loans. Just like they're now forcing money on companies that can't stay afloat. :lalala:goodbye lifetime warrany! hello waiting 3 months for a service appointment! i just had (i hope and pray) the last warranty work done to the van and hope i never have to step foot in another dealership again.
you guys can blame the unions and mis-management all you want. but the real truth is that the bankers (AKA federal reserve) run this country and they decided it's time for another nice deep depression by lowering interest rates to insanely low levels and giving out loans they knew people could not afford.
stop blaming everyone that works in this country and start blaming the monetary system instead. you lower interest rates to such levels and a bubble starts. these bankers new that bubbles start when money is cheap. all of a sudden your neighbor is a big time "home developer" and the gonzales family that recently "immigrated" from mexico just purchased a $350k house! oh, and of course, throw in the $150 barrel of oil into the equation and here we are, blaming the working class calling them stupid and greedy for not doing their homework. i mean these bankers threw loans at you like they were high class call girls expecting you to take the bait.
in the end the favored banks acquire failed banks and become even bigger with more of a monopoly. the only time this country was in control of it's own self was when president lincoln decided to throw out the bankers and print greenbacks and thomas jefferson refusing to allow the bankers back in business...oh yeah, both these presidents had assasinations attempted on their life, one being fatal.
the privately owned federal reserve has the power to print money and loans it to the government with interest when the government is directed under the constitution to print it's own money instead.
YUP, and next year is VOTING TIME.you folks need to wake up and act with your votes to cleanse this corrupt system that has been in place since 1913 and stop blaming the everyday folks that pursue the good life!
This isn't the dinner table; it's The Fireplace. I think Chrysler's bankruptcy is an excellent opportunity to discuss the reasons why Chrysler -- indeed, the whole economy -- is in this mess. I for one generally agree with ARGH, with the caveat that I don't know if the depressions/recessions are planned so much as they are inevitable when you have a monetary policy that permits the markets and consumers to confuse the appearance of wealth (printed money made by a fractional reserve system) with real wealth (real savings by individuals).Wouldn't it be nice if we could talk about how the bankruptcy affects our ownership and service of our vans, rather than make the thread about our own personal political views? I know that's hard to do, but politics and religion are two topics to avoid at the dinner table, right?
x2. My grandmother paid 23,000 cash for her 02 impala. I'm sure it takes awhile to save up the money (well maybe not when you're retired and such) but it was a very wise move. No monthly payments or loans to worry about which can always be a headache.:ThumbsUp: THANK YOU :ThumbsUp:
I've read that some major banks are trying to figure out how to give their federal bailout money BACK!
The trap was sprung...