” The DOW went down another 350 today, doesn’t that mean we need a couple more hundreds of billions of dollars?
Kill the Bailout. If we didn’t need one when the DOW went down 36 percent from 00/02 we don’t need it for a 21 percent drop today.”
True these are numbers. So is Vida Blue’s on base percentage. But what does that have to do with the evaluation of the AIG DEAL!!!
If AIG was allowed to go bankrupt real insurance on real property and businesses are in jeopardy. This could cause a collapse. You in favor of that? I am not in favor of the government bailing out AIG but they did not; they took them by the neck and shook them down. I strongly suggest you loose your populist rhetoric and look at the deal. It is slightly complicated but I know a 15 year old that understands it. It is very, very artful and will be a huge benefit to the Treasury. Now will the people that run the government do a good job spending the profit? Unlikely! But this is a great transaction and better than AIG potentially going south.
Do you know that this latest latest bailout will be more than 5 percent of our gross domestic product?
And will it be the last dollar we spend on bailouts? NO.
225billion FORD GMC ..wasn’t enough, need more
30billion BEAR .....wasn’t enough, need more
85billion AIG .....wasn’t enough, need more
138billion LEHMAN...wasn't enough, need more(they tried to hide that one)
200billion FANNIES...wasn’t enough, need more
770billion WHO ELSE?
Driving our dollar down to the value of the yen is not a good thing.
Someone wrote: Because of what we have viewed as a fragile economy, and a weakening dollar, my husband and I have moved much of our stock portfolio into cash over the past few months – placing that cash in a money market fund at our brokerage firm...........
NAV in our money market fund has fallen below $1, due, in part, to the decrease in value of debt securities issued by Lehman Brothers and held by the fund.........................
Long story short ... as a result, until our funds are redeemed by our brokerage, we will not have access to them for withdrawal or transactions. We were informed that this action is being taken in our best interest ‘in order to limit potential losses’.
I say beat them to the punch.
We must Run ON THE BANKS and STOCKS. That is the only language the Wallstreet thieving elite and their politicians will understand
We pull a trillion out of the banks and market until they stop this bailout socialist thievery.
Someone starts yelling the Y2K is falling and we are supposed to give up our money and rip up our Constitution? Is this WW2? Have the Russians launched ICBMs? Is there a black plague?
Or is this the Great USA which has NEVER been stopped.
KILL THE BULLSHEET BAILOUT then SHOOT IT IN THE HEAD.