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.
LOL. I hope you are not as ignorant as you seem. I’m not saying I agree with everything that is going on. I assume you are just angry and not thinking.
“And will it be the last dollar we spend on bailouts?”
You seem to not know what the word “spend” means!! LOL.
For one thing the government has not spent a thing to buy AIG. Until you get that you have no clue as to what is going on. LOL
It is OK to be angry but you should actually present yourself somewhat knowledgeable to win and argument. Or even seem rational. Right now you do not. Quit arguing until you understand what is actually going on!!