Suze Orman just convinced me the bailout bill is a bad thing?

eekamouse

Yep.

She's for the bailout bill, but when she was asked by Larry King, "Why is this bailout necessary?"

Suze: "Because your credit card companies will dry up your available credit, which will lower your FICA score, which will cause your premiums to go up."

Wait. WTF? (and she's fucking serious about it and obv knows what she is talking about).

But.... Are you f u c k i n g serious? So they have us by the balls then.

Granted. I do put emergencies on my credit card, but that's it. I never ever buy dinner with it, or frivolous things.

I'm sorry but this is the same as deadbeat home owners.

AMERICA!!!

It's time to knock this fucking shit OFF. NO BAILOUT! Suck it up and buy what you can afford.

Is it really that hard? Fucking drug addicts.

Nevermind

eekamouse wrote:

Is it really that hard? Fucking drug addicts.

No sir, fuck you.

eekamouse

Nevermind wrote:

No sir, fuck you.

Lol. I love this country.

"It's my right to waste your money... /whine"

*sigh*

Commy

eekamouse wrote:

Fucking drug addicts.

drug addicts have done more to enhance our lives than almost anyother group.

All that great music you've enjoyed throught the years, all the music was created by artist, artists who were real fucking high on drugs.

eekamouse

Commy wrote:

drug addicts have done more to enhance our lives than almost anyother group.

All that great music you've enjoyed throught the years, all the music was created by artist, artists who were real fucking high on drugs.

False. Most of them used drugs conservatively

ajedigecko

Commy wrote:

drug addicts have done more to enhance our lives than almost anyother group.

All that great music you've enjoyed throught the years, all the music was created by artist, artists who were real fucking high on drugs.

tool quote...right? what was the name of that guy tool quoted?

Vedderlution_Baby

ajedigecko wrote:

tool quote...right? what was the name of that guy tool quoted?

Bill Hicks?


And what do drug addicts have to do with this?


Unless it was a metaphor for something else.

eekamouse

Vedderlution_Baby! wrote:

Bill Hicks?


And what do drug addicts have to do with this?


Unless it was a metaphor for something else.

It was. I figured it was obvious. People are addicted to credit... like a drug.

ajedigecko

eekamouse wrote:

It was. I figured it was obvious. People are addicted to credit... like a drug.

it was obvious.....credit world is the tenth planet...that is if you still count pluto.

sponger

I dont know about you, but I'm addicted to love.

ajedigecko

sponger wrote:

I dont know about you, but I'm addicted to love.

damn.....who wrote that song?

eekamouse

ajedigecko wrote:

damn.....who wrote that song?

Robert Palmer

ajedigecko

eekamouse wrote:

Robert Palmer

good call.....all i could up with is robert plant.

besides i did not want to google it....takes all the fun out of life.

sweet adeline

yeah but she didn't mention that small businesses need credit for investing and capital expenditures which is important. If that dries up it will cause huge ripple effects throughout the economy.

sponger

sweet adeline wrote:

yeah but she didn't mention that small businesses need credit for investing and capital expenditures which is important. If that dries up it will cause huge ripple effects throughout the economy.

...but those ripple effects are needed. It's known as a market correction.

eekamouse

sponger wrote:

...but those ripple effects are needed. It's known as a market correction.

Exactly, just like value of my house will decline. I'm ok with that. I don't discriminate with tough love.

Milhouse VanHouten

lots of people believe that the current market volatility could/will result in a drying up of credit access across the board, not just in regards to individual consumer credit scores. banks stop loaning each other money, then it's harder for anyone to get loans for anything: buying a home, building a home, home improvements, small business startups, small business expansion, etc. it's not just your fica score.

SuzannePjam

The problem with the credit crisis is that there becomes a freeze on spending. Not many people can buy a car or make a major purchase without taking a loan. Credit becomes less available, so people do without. Companies, especially small ones, who have goods that aren't moving, can't borrow to make payroll. Massive layoffs start happening and unemployment starts rising. It becomes a vicious circle.

The bailout plan is way less than perfect, but at least it would have loosened up credit to the market and stopped stocks from plummeting. Then people wouldn't have lost their pension and 401K plans along with getting screwed with a bailout plan that's going to happen anyway.

sponger

SuzannePjam wrote:

Then people wouldn't have lost their pension and 401K plans along with getting screwed with a bailout plan that's going to happen anyway.

Percentage declines in the indexes numbered in the low single digits. People took hits, but nobody "lost" anything today.

In fact, the fact that 1.2 trillion in losses added up to only a 7% decline should tell you that inflation is an apparent problem.

know1

I agree. The only credit I have is house debt and I very comfortably have quite a bit of equity in it and also a fixed rate mortgage that represents only 10% of my take-home pay each month.

I always save and pay in cash so if spending goes down, there will probably be plenty of price deals out there.

eekamouse

know1 wrote:

I agree. The only credit I have is house debt and I very comfortably have quite a bit of equity in it and also a fixed rate mortgage that represents only 10% of my take-home pay each month.

I always save and pay in cash so if spending goes down, there will probably be plenty of price deals out there.

One can hope