Chatbox log - 2008-10-01 - Zelaron Gaming Forum

[07:31] Medieval Bob: Because most news writers (most of the american public, in fact) doesn't realize what effect the bailout will have on the economy. Taxes will go up. People will be angry about that, and banks will continue on their merry way. Then 2-5 years from now, when loans start to default again, and banks have this surplus of housing that they don't want to sell at market value (which will be lower than they paid for the houses in the first place), we'll declare once again, "The banks are out of money!"

[07:32] Medieval Bob: Then we'll have to have another trillion dollars thrown away to artificially inflate the housing market. What we NEED to do is just let it crash and deal with the ramifications now. It's our own damn fault for letting it get out of control, but nobody seems to be rational enough to see that it will take a little hurt to get through this. No amount of money thrown at banks will help this in the long run. It will only help the people in power now, the people who are going to retire in the next

[07:33] Medieval Bob: less than 5 years, and bank owners. Of course, it will also raise taxes and inflation, and because inflation went up, taxes will probably go up again. It's going to be delicious.

[07:37] System: Medieval Bob has left the chat

[07:37] System: Tuttifrutti has joined the chat

[07:37] Tuttifrutti: :O

[07:38] Tuttifrutti: That's a wall of text.

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[08:00] D3V: How is letting it crash solve anything? You do realize other financial institutions would plummitt and possibly crash as well.

[08:00] D3V: The mess would become much greater if it continually were to fall down.

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[08:28] Tuttifrutti: Rawr!

[08:28] Tuttifrutti: All alone again! Yay! :D

[08:28] Tuttifrutti: NOt.

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[09:34] System: D3V has joined the chat

[09:34] D3V: well hai

[09:37] System: Thanatos has joined the chat

[09:37] Thanatos: HAI U

[09:39] System: !King_Amazon! has joined the chat

[09:39] !King_Amazon!: The bailout is teh sux

[09:39] D3V: HAI GAI

[09:39] D3V: guess what I did last night.

[09:41] !King_Amazon!: DEBATE TOMORROW!

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[09:45] Thanatos: what you do last night?

[09:46] D3V: gb'd some dankness .. for the first time... AHHHH

[09:47] Thanatos: gb'd?

[09:47] Thanatos: the hell does that mean

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[09:47] !King_Amazon!: gravity bog

[09:47] !King_Amazon!: bong, even

[09:47] !King_Amazon!: I would assume

[09:48] D3V: yeah

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[09:49] Thanatos: lol

[09:49] Thanatos: I bet you were FUCKED

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[09:50] !King_Amazon!: If Sarah Palin ever agrees to do an interview with Couric again, I'll have to claim that she's the dumbest person alive.

[09:50] !King_Amazon!: That interview has pretty much single-handedly made Palin a bigger joke than Bush

[09:51] D3V: yes it really has K_A.

[09:51] D3V: yeah I was gone after the first hit

[09:52] !King_Amazon!: Cafferty has been going off about Palin every day now

[09:52] !King_Amazon!: http://www.youtube.com/watch?v=ZkeEe0oJ1ZM&feature=user

[09:52] !King_Amazon!: His third day

[09:53] !King_Amazon!: It's almost becoming no fun to make fun of her, because it's too easy

[09:53] !King_Amazon!: It's like shooting fish in a barrel, before mythbusters busted it

[09:53] !King_Amazon!: or didn't bust it

[09:53] !King_Amazon!: I can't remember

[09:53] D3V: yeahhh... seriously. She's turning into Bush in a sense, where it's sad to even poke fun at her.

[09:54] D3V: I think under 3-5 feet the bullet loses momentum

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[09:56] Thanatos: It's not sad to poke fun of her

[09:57] Thanatos: People need to realize this woman is unfit to run for VP

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[10:03] HandOfHeaven: Palin is a dumbfuck.

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[10:03] D3V: True.

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[10:04] Kazilla: LOL watch this one... http://www.youtube.com/watch?v=9go38MgZ4w8&feature=user

[10:04] Kazilla: uh uh up udabu uh uh all of em

[10:08] D3V: Yeah, I've seen that too.. It's hilairious. I want more!!

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[10:25] System: Medieval Bob has joined the chat

[10:25] Medieval Bob: The whole reason for this mess is that the housing market didn't increase in value like it historically has. Banks gave loans to people intending to only pay interest and then sell the houses for a profit. The property values went down, and the investors bailed on their mortgages. That left banks stuck with properties that they paid X for and now are only worth 1/2 X. Banks didn't want to sell their houses at 1/2 X because they expected to make 3X through interest payments.

[10:28] Medieval Bob: This bailout will buy the houses (and other bad investments) from banks at say... .8X, so that housing market will stay where it is, and banks can get some of their money back. Then America will expect the housing market to continue on its merry way doubling every 7 years. The problem is that the market has become overinflated and WON'T double again that quickly. It'll try to drop again, so banks will AGAIN be stuck with property worth 1/2 X and will need a bailout. In the end, we'll all be

[10:29] Medieval Bob: paying more for houses and more for taxes to pretend that our houses are worth more than they are. If we DON'T do the bailout, the housing market will crash, lots of people will be laid off, and bigger banks will buy smaller banks. A year will go buy, and people will have jobs again, banks will split, and the housing market will resume doubling like it's supposed to.

[10:29] Medieval Bob: Also, please don't fucking argue economics with me if you don't know what the issue is.

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[10:35] Thanatos: Who's arguing with you?

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[10:36] !King_Amazon!: Jesus

[10:36] !King_Amazon!: What got your panties in a twist, Bob?

[10:36] !King_Amazon!: Dude needs to get laid, seriously.

[10:37] !King_Amazon!: We need like a $50 bailout to buy Bob a hooker

[10:37] Thanatos: lol

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[11:27] D3V: Hahahah.

[11:27] D3V: Stupid republican.

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[11:50] Medieval Bob: *sigh* D3V was arguing with me, way up there on the chatbox. And my panties were twisted because I had been told that he was permbanned.

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[11:55] Grav: I oppose the bailout

[12:03] System: Jessifer has joined the chat

[12:03] Jessifer: I oppose your opposition. :p

[12:06] Grav: motion denied

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[12:06] Kazilla: What is with the lot of random new members? It's very strange.

[12:06] Kazilla: Did... did we do something right?

[12:07] Jessifer: Probably not.

[12:07] System: D3V has joined the chat

[12:07] D3V: probably spambots.

[12:09] Jessifer: Watch the bubble pop.

[12:09] System: Ashton Kutcher has joined the chat

[12:09] Ashton Kutcher: hey d3v i accepted your friend request. . .

[12:10] D3V: awesome dood.

[12:10] D3V: I loved you in That 70's show.

[12:11] Grav: lol @ my friend: "two nights ago the wildest shit happened"

[12:11] Grav: "its easier to say on phone but we lived a scene out of gta 4"

[12:12] Ashton Kutcher: im not really ashton kutcher lol it was a joke to have this name. . .im trying to trick one of my friends who plays and i havent seen him in a long time. . .Tyler J. Gomez

[12:13] D3V: Oh okay.

[12:13] Ashton Kutcher: does anyone here play world of warcraft? doeds anyone know of a gun for a hunter that is a gun/axe combined?

[12:14] Jessifer: MEEEE!

[12:15] Jessifer: I play, I have no clue of the second part.

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[12:16] Ashton Kutcher: oh well i was loking at pictures of dwarf hunters and this guy has there gun and axe on there back. . .it might just be me. . .on hunters is the gun supposed to be equipped on their back?

[12:16] Jessifer: Hm...

[12:16] Jessifer: Hang on.

[12:17] Grav: ROFL!! my friends ended up in a four cop car chase for no reason

[12:17] Jessifer: ...What the hell started it?

[12:18] Grav: lol... its so ridiculous

[12:18] Jessifer: Also, Ash, I don't know. Sorry.

[12:18] Ashton Kutcher: Im the new snake champion!

[12:18] Grav: they were at a park doing dance moves (srsly), that area of the park has a stage/platform

[12:18] Grav: but the park closes after 8 or something

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[12:19] Grav: some cops roll by and start questioning other people in the area

[12:19] Thanatos: Grav, the link in your signature is embarassing to Americans

[12:19] Grav: note that the worst they can do is give you a summons or something, a fine

[12:19] Grav: but they all hop in the car and my crazy ass friend decides to bail at top speed

[12:19] Grav: so cops persue and they end up ditching the car in a ghetto neighborhood after a 4 car chase

[12:20] Grav: they all got arrested later but released because they had no evidence

[12:20] Jessifer: Wow...way to look suspicious.

[12:21] Jessifer: "We aren't techically doing anything wrong, but let's hull ass anyway"

[12:21] Jessifer: Intelligent.

[12:21] Grav: lol you dont understand this guy is seriously insane sometimes

[12:21] Grav: he doesnt care much for laws or societal norms

[12:22] Jessifer: Aah.

[12:22] Grav: its more like he did it just so he would get into a chase

[12:22] Grav: he does it kind of often..

[12:22] Grav: like twice a year at least

[12:22] Jessifer: Keep the cops on their toes, ne?

[12:22] Thanatos: Cops are going to get tired of him soon and throw him in jail for a bullshit reason

[12:24] D3V: that's awesome.

[12:24] D3V: i've always wanted to drive on the wrong side of the highway.

[12:24] D3V: in like a H1 tank hummer.

[12:25] Grav: Thanatos: he has PBA and D cards and drives cop cars exclusively so he gets away with a huge amount of shit

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[12:25] Kazilla: I have seen 5 of the new members all "creating thread RPGMaker".

[12:26] Jessifer: Hm.

[12:26] Grav: I mean he buys decomissioned cop cars from police auctions

[12:26] Grav: lol other cops wave at you and shit

[12:26] Grav: its funny

[12:26] D3V: that's awesome.

[12:27] D3V: my buddy has an impala with blue and red strobes in his grille... we sit vertical to each other with our running lights on sometimes in the medians around here and chase peopel down the street its fun to mess with thema nd then just duck out into a residential area.

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[12:38] Grav: wow a helicopter got called in

[12:38] Grav: 20 cops, 4 or more detectives

[12:39] Thanatos: the chase is going on right now?

[12:39] Grav: no this was 2 days ago

[12:39] Grav: it was more serious than I thought

[12:39] Thanatos: oh

[12:39] Thanatos: what an idiot

[12:41] Grav: they drove through a couple miles of solid traffic

[12:41] Grav: I mean they scraped tons of cars, blew off sideview mirrors

[12:41] Grav: in moving traffic

[12:42] Grav: right through lights and intersections

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[12:44] Thanatos: ...

[12:44] Thanatos: for what? entertainment?

[12:44] Thanatos: Throw his ass in jail, I say

[12:44] Grav: no the driver just lost his mind I guess

[12:45] Thanatos: break time. brb

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[12:46] Grav: hes not gonna do something like this ever again though lol

[12:46] D3V: lol, wow.

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[13:01] D3V: George Carlin is awesome.

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[13:01] Kazilla: Wetwired, quick question about the forums.

[13:01] Kazilla: Is is possible to have a Sub-Sub section?

[13:03] WetWired: What do you mean?

[13:04] Kazilla: Ill make an example in the TTTS forum, hard to explain

[13:14] System: D3V has left the chat

[13:14] WetWired: No, easy to explain. Only didn't make sense because what you want already exists

[13:14] WetWired: http://chat.zelaron.com/forum/forumdisplay.php?f=371

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