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To: Orange1998

You mean why are they buying stock in banks that are doing fine? I don’t get that either.


5 posted on 10/14/2008 6:08:07 AM PDT by kc8ukw
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To: kc8ukw

Its like seeing Warren Buffett looking for a handout.


9 posted on 10/14/2008 6:11:41 AM PDT by Orange1998
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To: kc8ukw; Orange1998
You mean why are they buying stock in banks that are doing fine? I don't get that either.

If they shouldn't support good banks, they should certainly not support insolvent black holes. Putting govt equity into any bank to sustain a credit bubble is a bad idea, but bad banks need to be liquidated gracefully, no supported.

11 posted on 10/14/2008 6:14:24 AM PDT by palmer (Some third party malcontents don't like Palin because she is a true conservative)
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To: kc8ukw
"You mean why are they buying stock in banks that are doing fine? I don’t get that either. "

It's simple! The socialists are taking over the banks. From now on if you can get a loan, the minimum price will be in excess of 5% because that is what the feds expect to get for the cash infusion.

This is but one way the socialist are going to take over the economy and run it into the ground. Rather that save the failing banks, the socialists intend that the stable ones be brought down to the level of the ones who are failing.

That way the money of the rich is transfered to the poor.

23 posted on 10/14/2008 10:50:41 AM PDT by An Old Man ("The limits of tyrants are prescribed by the endurance of those whom they suppress." Douglas)
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