Comments on: Congratulations! http://www.dixondialogue.com/2008/09/19/congratulations/ Tue, 07 Feb 2012 23:17:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Susie http://www.dixondialogue.com/2008/09/19/congratulations/comment-page-1/#comment-754 Susie Sun, 21 Sep 2008 00:32:11 +0000 http://tinywormbigapple.wordpress.com/?p=127#comment-754 Amen sister! Do I have your permission to forward this to the editorial section of the News Free Press? Amen sister! Do I have your permission to forward this to the editorial section of the News Free Press?

]]> By: Mimi http://www.dixondialogue.com/2008/09/19/congratulations/comment-page-1/#comment-753 Mimi Sat, 20 Sep 2008 23:42:29 +0000 http://tinywormbigapple.wordpress.com/?p=127#comment-753 I NEVER HAVE UNDERSTOOD HOW THE UNITED STATES CAN SEND AID TO ALL THESE OTHER COUNTRIES WHEN WE ARE SO IN DEBT TO CHINA AND EVERYONE ELSE. ONE THING FOR SURE, IT WON'T BE MY MONEY 'CAUSE I DON'T HAVE ANY!! SO JUST WHERE DO THEY GET ALL THAT MONEY? I NEVER HAVE UNDERSTOOD HOW THE UNITED STATES CAN SEND AID TO ALL THESE OTHER COUNTRIES WHEN WE ARE SO IN DEBT TO CHINA AND EVERYONE ELSE. ONE THING FOR SURE, IT WON’T BE MY MONEY ‘CAUSE I DON’T HAVE ANY!! SO JUST WHERE DO THEY GET ALL THAT MONEY?

]]> By: Eric http://www.dixondialogue.com/2008/09/19/congratulations/comment-page-1/#comment-752 Eric Fri, 19 Sep 2008 20:27:48 +0000 http://tinywormbigapple.wordpress.com/?p=127#comment-752 Oh heck, just roll it all in with that 9 trillion dollar loan we already have outstanding. What's another trillion dollars? 50% of American taxes already go to paying off the national debt, so we've got a whole 50% to play with. Let's worry when we get to 10%. But, even then, we can just start another government subsidiary to "absorb" that debt so no reason to worry. This all seems like a perfect plan. Oh heck, just roll it all in with that 9 trillion dollar loan we already have outstanding. What’s another trillion dollars? 50% of American taxes already go to paying off the national debt, so we’ve got a whole 50% to play with. Let’s worry when we get to 10%. But, even then, we can just start another government subsidiary to “absorb” that debt so no reason to worry. This all seems like a perfect plan.

]]> By: Christy http://www.dixondialogue.com/2008/09/19/congratulations/comment-page-1/#comment-751 Christy Fri, 19 Sep 2008 20:06:02 +0000 http://tinywormbigapple.wordpress.com/?p=127#comment-751 It does totally suck, and it's so big and huge and confusing and definitely there are many aspects that should piss us off (like why we have so many people still starving on the streets and children being left with sub-par education but can spend all that money on bailing out a company). What I can tell you, working on Wall Street, is that we definitely don't want the market to crash. I asked a few of my coworkers (traders, analysts, etc), what the worst case scenario is, and how the crash affects you and me as the little people. The best answer I got was that basically all loans would come to a halt. Mortgages, student loans, small business loans, and then credit cards would start cancelling on you, out of the blue, or you couldn't get a new one at all. Now, Jason and I have only 1 or 2 credit cards, and we only use them in extreme circumstances (such as now, when we're moving and had to hand over a huge chunk of money for the first/last/broker's fee). But for those people that are suddenly unemployed because of the market crash, and are trying to refinance or pay off huge bills and depend on credit cards to live, because new jobs aren't opening up, they're pretty much screwed. Plus, JR sent something around this week that basically said for every job lost on Wall St (and there's obviously many thousands of those), 2-3 New Yorkers in other sectors will lose jobs, and then it spreads accross the country. I'm totally not trying to make any argument against what you're saying, and I'm definitely not the most informed people (although it's cool that I have resources in all the educated people I work with here, and can go to them for any questions I may have), but all I know is, in the end, it's the lesser of two evils for the government to bail out AIG than if they didn't, because it will save some of us common folk from utter despair, but yeah, we're not going to be making any money back from it. It does totally suck, and it’s so big and huge and confusing and definitely there are many aspects that should piss us off (like why we have so many people still starving on the streets and children being left with sub-par education but can spend all that money on bailing out a company). What I can tell you, working on Wall Street, is that we definitely don’t want the market to crash. I asked a few of my coworkers (traders, analysts, etc), what the worst case scenario is, and how the crash affects you and me as the little people. The best answer I got was that basically all loans would come to a halt. Mortgages, student loans, small business loans, and then credit cards would start cancelling on you, out of the blue, or you couldn’t get a new one at all. Now, Jason and I have only 1 or 2 credit cards, and we only use them in extreme circumstances (such as now, when we’re moving and had to hand over a huge chunk of money for the first/last/broker’s fee). But for those people that are suddenly unemployed because of the market crash, and are trying to refinance or pay off huge bills and depend on credit cards to live, because new jobs aren’t opening up, they’re pretty much screwed. Plus, JR sent something around this week that basically said for every job lost on Wall St (and there’s obviously many thousands of those), 2-3 New Yorkers in other sectors will lose jobs, and then it spreads accross the country.

I’m totally not trying to make any argument against what you’re saying, and I’m definitely not the most informed people (although it’s cool that I have resources in all the educated people I work with here, and can go to them for any questions I may have), but all I know is, in the end, it’s the lesser of two evils for the government to bail out AIG than if they didn’t, because it will save some of us common folk from utter despair, but yeah, we’re not going to be making any money back from it.

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