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View Full Version : Economic unraveling...can it be a GOOD thing?



KingOfTorts
09-14-2008, 09:42 PM
Wow, the stupid is strong in this one, on so many levels:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4000793

Journalgrrl (887 posts) Sun Sep-14-08 09:33 PM
Original message
Economic unraveling...can it be a GOOD thing?
Advertisements [?]So, I am really not very god with this economy stuff...but if the corporations that are holding people's credit lines and mortgages unravel, what happens to those who have thses credit lines? Do they get a grace period while the company restructures, do they get out of a number of payments...are their repayments forgiven? how does this work?
If enough institutions go under, will those who owe said institutions money get to "skate" for a while while the whole this is re-built?

I guess it would take a greater scale meltdown than what I am thinking of, but it may not be so far out there. So what IS the worst case scenario here?

...and can bushco still use this as a way to call off the elections...? will things get that outta control?

linda22003
09-15-2008, 10:22 AM
Oh, yeah, if a big company is going down they'll NEVER notice your little credit card. :rolleyes:

FlaGator
09-15-2008, 11:17 AM
"When you ain't got nothin, you've got nothin to lose"

linda22003
09-15-2008, 11:40 AM
I read the rest of the thread and it gets even sillier - the OP thinks somehow they'll lose track of her student loan.

BEG
09-15-2008, 12:31 PM
I read the rest of the thread and it gets even sillier - the OP thinks somehow they'll lose track of her student loan.

LOL idiots.

movie buff
09-15-2008, 01:15 PM
And they wonder why we call them DUmmies, DUm- DUms, and DUmbasses.

voiceoflg
09-15-2008, 01:16 PM
Journalgrrl (899 posts) Sun Sep-14-08 09:39 PM
Response to Reply #2
4. I don't know...what if there isn't another bank to buy it?
told you I am not really good at this, so just humor me...maybe some wishful thinking... (If my student loan will be forgiven, lol)


high density (1000+ posts) Sun Sep-14-08 09:41 PM
Response to Reply #4
6. If there isn't another bank to buy it then it's over
Our money is worthless and we're all unemployed.

If one bank fails? Bwahahahahaha


freespirit5 (42 posts) Sun Sep-14-08 09:48 PM
Response to Original message
10. This is Bush's fault. People will flock to Obama

Whose mole is this? :D

LibraryLady
09-15-2008, 01:27 PM
In the current Congress, 271 lawmakers have collected nearly $3 million since 1989, with 72 percent going to Democrats. Democratic presidential candidates and senators Hillary Clinton and Barack Obama top the list of all-time recipients for the company, collecting $410,000 and $395,600 respectively. Sen. Charles Schumer, D-N.Y., a member of both the Senate Banking, Housing and Urban Affairs Committee and the Senate Finance Committee, hauled in $181,450, while Sen. Chris Dodd, chair of the Senate banking committee, has collected $165,800.

http://patterico.com/2008/09/15/obama-friendly-lehman-bros-to-file-chapter-11-bankruptcy/
has the link to opensecrets