As of now, 799 stocks cannot be shorted. Stocks that I own are not in that group and continued down today, all the while the ones which were bailed out rallied again, even though they have junk oon their books. And the best part? I am paying for it.
It is beyond crony capitaism.....it is rewarding failure.
And disgusting.
can’t stand “brilliant” liberals. they have relatives and friends in the policy-making business and they make money on inside information and then call themselves brilliant and elite. really can’t stand them. they’ve distorted everything and turned the whole system inside out for their own economic well-being. (bunch of low-life scu&bags.)
IMHO
Carl Icahn is one of richest billionaires out there, and he has a theory...read it at http://www.icahnreport.com
I have been watching markets for months and getting Sovereign Society Newsletters saying the Market would tank and the Great Depression coming, and watching CNBC it appeared they had serious concerns. You can read my article at http://thefreedomplatform.blogspot.com
I do believe “the blank check” should have transparency to committee oversight, since Paulson has not been right always. It is necessary to have some intervention because fo severity of situation, however in my article I support the bailout. Not being an economic genius, then I have to listen to the experts.
Ordinarily I would say let it tank, but jobs are down, prices are high on food, gas, and necessities. When a bank closes, all your outstanding checks bounce, even if the money was in the bank. You can’t get money from ATM, and that is no matter how much money you have in the bank. Unless you have a years worth of grocery money at home, then waiting on the FDIC might be stressful. They are saying those 401K’s would be lost, and that isn’t good news no matter how you spin it. This has a national security risk attached to it also...
I don’t claim to have all the answers, and think we may be beyond the point of return, and think the bail out may work...but only time will tell. My feelings are that Bush and Paulson are worried about the terrorism that could come on the news that America’s banks are bust, and people are in turmoil.