Sue Excellent post! There are two distinct issues here, as you point out.
I don't fault poor people for taking homes when they were offered them with "no money down", because many of them would never be able to have one otherwise, and they had little to lose (imagine a movie poster auction company that let people buy posters with no money down and a year to pay; they would get astronomical prices from people who never intended to pay, but who hoped that prices would rise even more, so they could sell at a profit, and who would walk away if prices go down, leaving the auction house to auction the same items over and over again, never telling their customers the earlier prices were ficticious). I DO fault the Wall Street guys for making these idiotic loans, and I would not be so surprised if they had merely sold the public this "pyramid scheme", but they fell for it themselves, losing everything they have on a Ponzi scheme that was doomed to failure. You ARE correct that they are now blackmailing America. They are all broke, and they are saying that if we don't "make them whole", they will make all of us broke too. I guess when you are faced with disaster, you will sometimes do or say anything to get out of it, but this is mighty low! Bruce On Sat, Oct 25, 2008 at 11:34 AM, Susan Heim <[EMAIL PROTECTED]> wrote: > The aggravating part of it all is that I keep hearing how many > "regular" citizens were against the bailout and would not have voted for it. > Yet our representatives voted for it, seemingly, not caring what their > constituents thought. As for the crooks (oops, I mean idiots) that got > themselves into the mess, I'm sure they knew that a worst case scenario > would have Washington bailing them out. They could use the threat that "if > we go down, so do thousands of American investors that have their money tied > up with us". Sounds like blackmail to me as CEO's of these organizations > walk away will multimillion dollar bonus packages as their company's ship is > sinking. Bonuses for doing what? It is an amazing thing to watch greed in > action. Sad, but true. > > I heard a report the other day where people being interviewed were > blaming the companies that allowed them credit saying that "credit was made > so easily available and then, because of that, they had just gotten in over > their heads." I'm wondering whatever happened to responsibility and personal > restraint - forgoing the purchase because you can't "afford" it? I realize > many Americans are using credit cards just to live on and survive. Some > have no choice as they have lost their jobs or hours cut back. However, > most of those credit users are just buying whatever they want. Then, if they > get in over their heads, they just claim bankruptcy. That is what I believe > has been made to easy in this country - walking away from your > responsibilities. Just since January, Americans have defaulted on 27 billion > dollars worth of credit card debt. They anticipate 96 billion next year. > Unbelivable. > > Anyway, so that I am not entirely absent of the "movie" connection in > my MoPo post, I see Bruce has some great stuff in his auction, Kirby had > thousands of posters available for your perusal, and the new Heritage > catalog is beautiful. "Thank you" Bruce for getting the Le Mans movie > poster to me in two days. My customer's wife was thrilled and it was a > beauty. Have a great weekend everyone and take care of yourselves. > > Sue > www.hollywoodposterframes.com > > > ------------------------------ > > > Date: Sat, 25 Oct 2008 09:07:30 -0500 > From: [EMAIL PROTECTED] > Subject: [MOPO] I am REALLY angry at George Bush and this Democratic > Congress! > To: [email protected] > > > > I *KNOW* full well that my current 9th Halloween auction is far and away > my best ever (and you guys have ONLY seen Parts I and II, and you are going > to be even *MORE* amazed when you see Parts III and IV next week, which > includes much of the best material!). > > I also know full well that these items would have certainly sold incredibly > well any previous year. I feel certain they deserve to, and if they don't, I > feel the blame can surely be placed on George Bush and this Democratic > Congress. Their massively wrong-headed policies in so many ways have hurt > the world drastically, and it may take decades to undo what they did in 8 > years (but maybe once the elections are over, we can quickly get on the > right track, and it hopefully won't take nearly that long). > > If there *ARE* many bargains to be found in these auctions, I hope that > long-time collectors will take advantage of them! > > Does anyone here doubt that George Bush will go down as the worst President > in American history? And I am not being partisan in saying this, for I feel > the Democratic Congress is at least equally to blame for all the terrible > decisions that were made the past 8 years (some they came up with on their > own, and some they simply went along with Bush, passing his wacky ideas, > when any sane person would have recognized them as recipes for disaster). > And they let the robber barons on Wall Street loot the country for 7 years, > and then, when those fools managed to bankrupt themselves, they go along > with the insane plan of bailing them out with *OUR* money! > > What do *YOU* think? > > Bruce > Visit the MoPo Mailing List Web Site at www.filmfan.com > ___________________________________________________________________ How to > UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: > [EMAIL PROTECTED] In the BODY of your message type: SIGNOFF > MOPO-L The author of this message is solely responsible for its content. > > Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [EMAIL PROTECTED] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.
