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Old 12-01-2007   #25 (permalink)
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Michaelangelica
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Smile Re: Economics business.The Sub-prime Crisis. How bad is it?

Quote:
Originally Posted by InfiniteNow View Post
I just wish I had enough money saved up to buy a whole .
Savings?
What sort of a capitalist are you?
SAVINGS are for the punters not for the capitalists !
As Karl said they are the "opium of the people."

If you want something you borrow other people's "savings'

An Australian bank has just purchased a US bamk "wiih no sub-prime exposure" (?)
Quote:
Lets see NAB want to expand and decides to buy into a bank in the US, as it heads into recession, lets hope that Great Western Bancorporation is the very best of a good bunch, right next to the rotten ones.
NAB buys US bank - Global House Price Crash Forum

Quote:
Bush’s Twenty-Billion Dollar Arms Sale to Saudi Arabia:
Saudi Arabia is the most reliable and biggest single supplier of petroleum to the US world-wide
and will keep trading now in UD$s?
Bush’s Twenty-Billion Dollar Arms Sale to Saudi Arabia:
can the USA pay its bills?
Quote:
32 million tax refunds could be delayed
If there is a delay and it extends into mid-February, it would slow nearly 32 million refunds worth a total of about $87 billion, the IRS Oversight Board predicts.
. . .
On Nov. 9, House Democrats pushed through a one-year "patch" to shield 21 million taxpayers from about $50 billion in higher taxes due to the AMT. The bill included an additional $30 billion in tax relief measures such as expanding the child tax credit and extending numerous about-to-expire tax breaks for education costs, small business and military personnel.

But, honoring their pledge not to pass legislation that adds to the federal deficit, Democrats voted to increase taxes by $80 billion in other areas, including for investment fund managers. Tax-adverse Republicans voted unanimously against the bill and Bush said he would veto any bill that included a tax increase.
32 million tax refunds could be delayed - USATODAY.com
Very strange explanation please??


----------------
"Unemployment is capitalism's way of getting you to plant a garden."
~Orson Scott Card

Last edited by Michaelangelica; 12-01-2007 at 08:53 PM..
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