THE NC Herd Fan
Hall of Famer
Posts: 16,170
Joined: Oct 2003
Reputation: 521
I Root For: Marshall
Location: Charlotte
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The real CRIME in the Financial Services Bailout
I've been watching the news for financial services companies over the past couple of weeks and the thing that really ticks me off is these companies took taxpayer money are now laying off thousands of US taxpayers. Seems Reid and Pelosi forgot to tell them that couldn't layoff the people the Feds needed to raise taxes on to pay for this mess.
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11-20-2008 07:30 PM |
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WoodlandsOwl
Up in the Woods
Posts: 11,813
Joined: Jun 2005
Reputation: 115
I Root For: Rice Owls
Location:
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RE: The real CRIME in the Financial Services Bailout
The real crime is that these banks have been dumping their written off and defaulted unsecured credit card debt to third party debt buyers faster than ever before.
These dirtbags buy it cheap. If its more than 2 years old its sold for 1/20 of a cent per dollar of debt.
Then dirtbag debt collector starts ringing the phones.
Bankruptcy Lawyers will be making money again, especially after Congress gets rid of the 2005 "reforms".....
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11-20-2008 08:00 PM |
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