Re: Transformation

On Sun, 11 Dec 2011 18:18:27 -0500, Buzz <buzzard99@xxxxxxx> wrote:

So, you're using the possibility that a third world country MIGHT back
out of a debt as a justification for someone NOT to pay theirs?

Buzz...have you listen/read the news over past fifty years?

"MIGHT," its been done, over and over.

PS: It's the new "norm," to have someone else pay.

Savings and loan crisis

"As of December 31, 1995, RTC estimated that the total cost for
resolving the 747 failed institutions was $87.9 billion." The
remainder of the bailout was paid for by charges on savings and loan
accounts[1]?which contributed to the large budget deficits of the
early 1990s.

http://en.wikipedia.org/wiki/Savings_and_loan_crisis

People who can't afford houses are put in houses.

Yep, that was the game....imprudent banking practices...sub-prime
loans, which tanked in a worldly economic mess.

Oh, btw, in those areas affected, you are now paying more property
taxes, because of their game. 'Collateral damage,' you know.



Let's see, what happens where there is a "cost over-run" via defense
industries?

The same thing that happens

Behind the times?

Lockheed C-5 Galaxy

Cost overruns and technical problems of the C-5A were the subject of a
congressional investigation in 1968 and 1969.

The U.S. government gave loans to Lockheed to keep the company
operational.[22]

http://en.wikipedia.org/wiki/Lockheed_C-5_Galaxy


My, my, you want those poor university students to "pay their way,"
while industries and other countries "milk the system."

No

But, that's not the norm, for Republicans:

Reagan administration scandals

http://en.wikipedia.org/wiki/Reagan_administration_scandals
.

Relevant Pages

  • Re: Blindly Into the Bubble
    ... pay their bills; so many default, because of overspending, (although I ... the Banks and other institutions were not allowed good profits, ... loan insitutions cannot afford to lend an ear to that. ... rate mortgages but the situation is far more complex. ...
    (soc.retirement)
  • Re: TURMEL: Ben Franklin, Prof. Flaherty, on Death gamble
    ... > pay to build your house whether you pay $100,000 from ... > an interest bearing loan or a non-interest loan? ... > your new house. ... gives money its power is not depositors accounts. ...
    (sci.econ)
  • Re: the "subprime mortgage crisis"
    ... financial institutions to lend lots more money to low-income borrowers. ... made to people that normally would not qualify for a loan under the rule of ... left after you pay all your other bills. ...
    (rec.sport.football.college)
  • Re: the "subprime mortgage crisis"
    ... financial institutions to lend lots more money to low-income borrowers. ... made to people that normally would not qualify for a loan under the rule of ... left after you pay all your other bills. ... deserve to fail in business and go bankrupt. ...
    (rec.sport.football.college)
  • Re: DARPA Grand Challenge
    ... the bank knew that Nemo wasn't ... going to be obligated to pay his loans. ... EXPLAINED in plain assed gd'd ENGLISH to you how it was NOT a loan. ... cribbed it from hal, you fuckin retard. ...
    (rec.martial-arts)