Sorry, this may sound cold, but I don't think these "investors" should get a bailout. They lost money through THEIR poor decisions. I have owned stocks which had CEO's which were poor performers, where is my bailout? And where does it stop?
Enough already.
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To: Red in Blue PA
We will all have Che Guevara T shirts on before this is all over.
The slipping and sliding and slouching towards COMMUNISM in the United States--in my own lifetime--is absolutely STUNNING.
2 posted on
12/18/2008 6:47:37 PM PST by
AmericanInTokyo
(Bushbot-ism: The depths of subjective idiocy & academic dishonesty among so-called "Conservatives")
To: Red in Blue PA
You want another bailout ???
Y’OK...
The check’s in the mail...
To: Red in Blue PA
5 posted on
12/18/2008 6:49:11 PM PST by
Mad_Tom_Rackham
(The committed will surely dominate the complacent.)
To: Red in Blue PA
Her best hope to recoup some of her money is from the Securities Investor Protection Corp., an industry-funded organization set up by the government to protect investors from fraud. Wait a second. The fund was set up and funded for exactly this purpose. If the Madoff investments qualify, this is not a "bailout". The fund should pay the investors according to its rules.
6 posted on
12/18/2008 6:49:44 PM PST by
Onelifetogive
(This space for rent.)
To: Red in Blue PA
Perhaps if they are really desperate, they could go back to work-at least the ones under 65-70.
To: Red in Blue PA
These “investors” were paid 10-12% a year until this "fund" collapsed. No bailout, give back your ill gotten gains and divide what is left...
10 posted on
12/18/2008 6:54:22 PM PST by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: Red in Blue PA
I take some satisfaction in the fact that nearly all of the big-time investors were either wealthy liberal New Yorkers or the Foundations that are run by liberal New Yorkers.
They complained about “Bush policies” for so many years, let them live with the consequences of “Bush policies,” meaning 50-100% losses.
Of course, I don’t for a minute blame Bush ...
12 posted on
12/18/2008 6:55:16 PM PST by
tom h
To: Red in Blue PA
What's the problem, Madoff’s family has money, one way are the other it came from him, so the people who lost the money need to find some MS13 types to collect their missing money. End of problem.
13 posted on
12/18/2008 6:56:12 PM PST by
org.whodat
(Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
To: Red in Blue PA
About 10 years ago, a NY broker, had me transfer some $ into an account then he exercised a buy on an IPO I hadn't authorized. Sent a letter. Later the IPO went TU. The US Attorney in NY went after the guy, and he went to jail for 5 years :-)). Got about 1/3 of my money back.
15 posted on
12/18/2008 6:57:47 PM PST by
stubernx98
(cranky, but reasonable)
To: Red in Blue PA
I’ve wasted my life thinking that investing was a gamble. Little did I know that all I had to do was get ripped off to get rich.
Maybe I should ask for a bailout.
21 posted on
12/18/2008 7:01:26 PM PST by
cripplecreek
(The poor bastards have us surrounded.)
To: Red in Blue PA
To follow this logic...anyone who lost money on their 401Ks ect should get a bailout.
A perfect illustration of this whole scenario is a victorian novel by Anthony Trollope called 'The Way We Live Now'....it was made into an excellent BBC Series a few years ago. 'Speculating' is what this used to be called....maybe we should go back to that terminology ;)
22 posted on
12/18/2008 7:01:28 PM PST by
BossLady
(Ok Everybody......Get Ready For ......'THE MOOD RING PRESIDENCY'......)
To: Red in Blue PA
I thought that was Steven Spielberg with a squeegee at the freeway exit this evening!
25 posted on
12/18/2008 7:06:28 PM PST by
Revolting cat!
(Everytime they open their mouth they shoot themselves in the foot.)
To: Red in Blue PA
Some enterprising film or t.v. producer should head to Palm Beach and offer the “newly poor” a chance to make some money by being in a new reality show or movie.
Call it:
Trading Places - Part Deux - This Time It’s For Real.
We can watch them stumble around a Walmart (What’s a Walmart?) Watch them try to figure out how to pump their own gas, watch them try to raise their children without a nanny, watch them go through plastic surgery withdrawl... hilarity ensues.
To: Red in Blue PA
We peons need to get organized.
31 posted on
12/18/2008 7:14:58 PM PST by
Lady Jag
(DONATE NOW at https://secure.freerepublic.com/donate)
To: Red in Blue PA
NO MORE BAILOUTS. These jerks made their millions and by the devil, the swam in their millions. Now because their paupers because of the bad-decision making, they want a bailout? No way, No how, No chance.
33 posted on
12/18/2008 7:17:09 PM PST by
lilylangtree
(Veni, Vidi, Vici)
To: Red in Blue PA
From yesterday's Daily Reckoning:
The latest reports say Madoff promised investors steady 13% returns. How could he do that? Of course, he couldnt. Stocks have gone nowhere for the last 10 years. The average rate of return? Zero. Promising 13% was clearly a flim flam. But investors must have guessed that he was swindling his retail trading customers in order to deliver steady, above-market returns to his investment accounts. They may not have understood how it worked, but maybe they didnt want to.
Nobody is as easy to scam as a scammer...and Madoff scammed them all. Bravo!
34 posted on
12/18/2008 7:18:53 PM PST by
razorback-bert
(Save the planet...it is the only known one with beer!)
To: Red in Blue PA
Where is all the money he stole? He couldn’t have spent it. THat is very curious to me....
39 posted on
12/18/2008 7:34:26 PM PST by
abigail2
To: Red in Blue PA
42 posted on
12/18/2008 8:00:30 PM PST by
popdonnelly
(Don't lose sight of your conservative principles.)
To: Red in Blue PA
Just my opinion, but I think that a bunch of CEOs caught stealing and convicted of such should start get executed, publicly. It would clean things up in the financial business pretty quick.
To: Red in Blue PA
You have to be kidding me! LOL!
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