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**oncemoreuntothejimbreech** · 10-26-2015, 04:33 PM

**oncemoreuntothejimbreech** · 10-26-2015, 04:38 PM

StLucieBengal · 10-26-2015, 04:39 PM

(10-26-2015, 01:07 PM)oncemoreuntothejimbreech Wrote: Why do you believe the Great Depression happened?

Hoover telling big business to not lower wages as they had always in the past dips. Also he did the first q.e. He tried to stem this with q.e. And roads and bridges projects propped up by the government. We were going to have a dip, but Hoover made it a depression.

***Bengalzona*** · 10-26-2015, 04:41 PM

[Image: 12063482_10204730400367304_6506598894401...e=56B68C76]

**oncemoreuntothejimbreech** · 10-26-2015, 04:42 PM

**oncemoreuntothejimbreech** · 10-26-2015, 05:04 PM

[Image: if-jesus-had-been-conservative.jpg]

**oncemoreuntothejimbreech** · 10-26-2015, 05:07 PM

**SunsetBengal** · 10-26-2015, 08:08 PM

..

[Image: 12141757_426851994173266_254299278951354...e=56C34935]

https://scontent-iad3-1.xx.fbcdn.net/hphotos-xtp1/v/t1.0-9/12141757_426851994173266_2542992789513545522_n.jpg?oh=10ffa97ef222780cdb682127a3c6dda3&oe=56C34935

**SunsetBengal** · 10-26-2015, 08:13 PM

(10-26-2015, 01:07 PM)oncemoreuntothejimbreech Wrote: Why do you believe the Great Depression happened?

Greed, the same reason the "Great Recession" happened. The problem that I see is, back in the 20's, the government used our money to help the citizens, a decade back, they used our money to help the greedy that deserved to fail.

**SunsetBengal** · 10-26-2015, 08:46 PM

..

[Image: 1653649_10152316270723982_1537944023_n.j...e=56B5FBDF]

https://scontent-iad3-1.xx.fbcdn.net/hphotos-xpa1/v/t1.0-9/1653649_10152316270723982_1537944023_n.jpg?oh=7212d3b1e65c5ccf74e27013e5579e9b&oe=56B5FBDF

**JustWinBaby** · 10-26-2015, 08:53 PM

(10-26-2015, 08:13 PM)SunsetBengal Wrote: ...they used our money to help the greedy that deserved to fail.

While it does create incentive problems, the taxpayer made money on the bailouts (excluding GM & Chrysler).

In a normal economy, there would have been private capital to rescue the auto industry. Possibly the banks as well - companies go bankrupt all the time and re-org, but they need capital and liquidity to do that. That didn't exist during the financial crisis.

And people forget the first two dominos to fall WERE allowed to go bankrupt/disappear (Bear and Lehman). Similar happened in '98 with the LTCM and Russian debt crisis - the banks were basically forced to absorb the LTCM balance sheet and eat the losses (which, is fair, since they let allowed the leverage to get out of hand).

**SunsetBengal** · 10-26-2015, 09:16 PM

because fred..
[Image: 12065699_964956306883701_623959443565616...e=568AFA00]

https://scontent-iad3-1.xx.fbcdn.net/hphotos-xaf1/v/t1.0-9/12065699_964956306883701_6239594435656169034_n.png?oh=7c78e8cd13709b29bf3945cee5f607da&oe=568AFA00

**GMDino** · 10-26-2015, 10:56 PM

[Image: tumblr_nwhvb4DSCc1qhpsl4o1_400.gif]

**Belsnickel** · 10-26-2015, 11:22 PM

(10-26-2015, 09:16 PM)SunsetBengal Wrote: because fred..

https://scontent-iad3-1.xx.fbcdn.net/hphotos-xaf1/v/t1.0-9/12065699_964956306883701_6239594435656169034_n.png?oh=7c78e8cd13709b29bf3945cee5f607da&oe=568AFA00

I can't stop laughing at this. The man who has admitted to buying officials says he is sick of the corruption. It's too good! LOL