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YABO= Yet Another Bail Out... Commercial Real Estate wants us to bail them out too..

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ddeclue Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-22-08 08:48 PM
Original message
YABO= Yet Another Bail Out... Commercial Real Estate wants us to bail them out too..
This was on CNN tonight that the Commercial Real Estate community is going to go belly up soon and take our local tax bases and the economy generally with them and they want the Congress to bail them out too.

Thoughts... :shrug:

Where do we draw the line on this stuff?

Where's MY bailout? I'm unemployed again and I have bills coming due... Help me out dammit or I'm gonna take all of you down with me...

:rofl:
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opihimoimoi Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-22-08 09:03 PM
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1. Them Bankers fucked it up for the rest of us....no mo bail outs cept the Auto guys..
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mrreowwr_kittty Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-22-08 09:07 PM
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2. They ALREADY took our state and local economies with them.
For decades they've been getting subsidies and TIFs and all kinds of generous breaks to spread their strip malls and big box stores and office complexes across the land. There is so much fucking unused commercial real estate space in this country it is not even funny.
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boppers Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-22-08 09:08 PM
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3. It's the gambling sectors that failed.
Insurance companies.
Hedge funds.
Real Estate.
Mortgages.
Banking & Loans.
Stocks in general.

All sectors which, at their very core, are "gambles", that is, driven by positive probabilities.

I'm not feeling too bad for the poker players who want more money to stay in the game, when they've already proven that they play the game poorly.
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