Comments on: Do You Recognize the Importance Of The Government Bailout of the Financial Markets?

By: Ray The Money Man

Ray The Money Man — Thu, 02 Oct 2008 04:54:05 +0000

I understand Uncle B’s weak feeling. But it’s OK, we’ll like you keep your oil….for now.

By: joemanausa

joemanausa — Wed, 01 Oct 2008 23:53:09 +0000

I’m not so sure that I disagree with your sentiment onlyme. I just know that I personally do not want to see all the jobs lost that the credit crunch will create (in all industries that rely on credit, not just the housing/finance industries). Many economists who have looked at Paulsen’s plan believe that the government will actually profit on the deal, because the street has panicked. His plan (http://www.manausa.com/blog/29/government-bank-bailout/) is to buy mortgages from the WS banks at forty cents on the dollar, and then sell the mortgages when the markets stabilize. So even if 1/2 of the loans default (and no loan will default to $0) these purchases will be profitable.

By: onlyme

onlyme — Wed, 01 Oct 2008 22:30:20 +0000

Well I won’t help if I can find any way out of it. After all this horse hocky I don’t want to hear another word about social security.
The people who created this mess are the same one’s telling everyone that they can fix it. There are no guarantees that the 700 billion will do anything but make a few more rich people.
Many economists say flatly that it isn’t a good idea. Read what Ron Paul has to say about this mess. After the crash we may have less money but it will be worth more. ther is always a silver lining in the darkest clouds.

By: Uncle B

Uncle B — Wed, 01 Oct 2008 20:35:19 +0000

Tender spot hurting a lot? Other side too? bruises on your face and body throbbing? Is that blood running out your nose, skirt above your head in the wind, panties torn and soiled, titties swelling and turning blue by the minute, lost on the roadside, hoping not to die? Did you recognize the tail lights of the limo that threw you off? Was it the same limo that picked you up at election time, promising a good decent clean ride? Will you ever learn? Last time these guys did this to you, your babies were killed in Iraq and your retirement fund spent to do it, your taxes went up, you did not get destroyed by the weapons of mass destruction, they were never found. Poor little America. Our heart-felt prayers from Canada go out to you!