Bear Stearns Bailed Out - Page 2

cheapseats · 03-17-2008, 07:46 AM

The homeowner Not So Free Lunch bailout has been expanded to include MEGA MORTGAGES. People who, for ego and the competitive advantage of big-house-equals-success, shall ALSO be bailed out by taxpayers of average means. The ordinary shall come to the financial aid of the extraordinary. See how fucking egalitarian we are?

Bail outs are blind! Such progressivism!

It's enough to make you think we're gonna elect a woman or a black man.

anhailla · 03-17-2008, 07:51 AM

Quote:

Originally Posted by cheapseats

The homeowner Not So Free Lunch bailout has been expanded to include MEGA MORTGAGES. People who, for ego and the competitive advantage of big-house-equals-success, shall ALSO be bailed out by taxpayers of average means. The ordinary shall come to the financial aid of the extraordinary. See how fucking egalitarian we are?

Bail outs are blind! Such progressivism!

It's enough to make you think we're gonna elect a woman or a black man.

speaking of bailouts CS..did you see the statistic that a family of four making 38,000/year has spent 16,000 on the war... to date?

the spend and borrow neocons have destroyed this country..piece by piece.

DRS112 · 03-17-2008, 08:02 AM

Quote:

Originally Posted by Kanadesaga

Isn't this corpoarte welfare? I mean why should we bail this cocksucker out? They gambled and lost. If I lose all my money in Vegas, the government isn't going to bail me out! Why should they bail out these corporate fucks?

No...it's not. It's not tax money used and it's a loan(part of it is) by the federal reserve...which is a bank...

DRS112 · 03-17-2008, 08:10 AM

Quote:

Originally Posted by Kanadesaga

I don't mean to sound cruel. But it is gambling. If I told you I was planning on the lottery for retirement you'd say I was crazy, and I would be. well the stock market is just as much a gamble. Only thing is the CEOs and COO and CFOs all walk away with millions in golden parachutes and mom and pop get the shaft.

No...it's not a lottery...unless you don't know anything about investing at all...in which case it can be.

Historically...you can track the returns for every type of investment... If people are idiots and put all of their money in one stock...can it be like the lottery? Yes...because that is a high risk investment. Otherwise it is not. If you want to elliminate unsystematic risk the recomended number of securities is 14. and to the best of my knowledge all 401k allocation programs do as such.

kblair7 · 03-17-2008, 08:50 AM

Quote:

Originally Posted by Kanadesaga

I don't mean to sound cruel. But it is gambling. If I told you I was planning on the lottery for retirement you'd say I was crazy, and I would be. well the stock market is just as much a gamble. Only thing is the CEOs and COO and CFOs all walk away with millions in golden parachutes and mom and pop get the shaft.

It's not. Anyone who knows anything about investments can choose the level of risk. Investments can range from high-risk (junk bonds, "penny stocks") to almost none a (CD or savings account).

The_Heretic · 03-17-2008, 10:10 AM

Quote:

Originally Posted by Kanadesaga

Isn't this corpoarte welfare? I mean why should we bail this cocksucker out? They gambled and lost. If I lose all my money in Vegas, the government isn't going to bail me out! Why should they bail out these corporate fucks?

Also bare in mind who's money is in fact being held by Bear Stearns. It's not all that of corporations but individuals as well. If a larger bank goes it often hits smaller banks and, eventually, the "little guy."

DRS112 · 03-17-2008, 10:15 AM

Quote:

Originally Posted by The_Heretic

Also bare in mind who's money is in fact being held by Bear Stearns. It's not all that of corporations but individuals as well. If a larger bank goes it often hits smaller banks and, eventually, the "little guy."

yeppers...this move was made to protect not only stearns, but also the individuals and any debt that Stearns holds...it could cause a domino effect...ripping through our already fragile economy...other business going out of business because they aren't being paid..people losing their jobs and not paying their debt...so on and so forth...

The_Heretic · 03-17-2008, 12:01 PM

Quote:

Originally Posted by DRS112

yeppers...this move was made to protect not only stearns, but also the individuals and any debt that Stearns holds...it could cause a domino effect...ripping through our already fragile economy...other business going out of business because they aren't being paid..people losing their jobs and not paying their debt...so on and so forth...

Suturing a financial artery as it were.

VKMHVM2 · 03-17-2008, 12:11 PM

Playing the stock market not as an insider is like buying cows in the pale moonlight.

Kanadesaga · 03-17-2008, 12:30 PM

No, it is gambling. You couch it in terminology to obfuscate and bewilder, this allows criminal activity. and isn't this just indictive that capitialism, in and by itself is a corrupt and unsustainabe economic system, if the government has to continually intervene to protect anyone. fuck if I can't pay my bills, like Bear couldn't pay theirs, the government don't bail my ass out. Especially if I spent all my money on hookers and blow. Sure as hell don't sound like "free market" to me.

03-17-2008, 07:46 AM	#11 (permalink)
cheapseats Senior Member Join Date: Nov 2007 Posts: 3,640 Blog Entries: 14 Thanks: 0 Thanked 50 Times in 37 Posts	The homeowner Not So Free Lunch bailout has been expanded to include MEGA MORTGAGES. People who, for ego and the competitive advantage of big-house-equals-success, shall ALSO be bailed out by taxpayers of average means. The ordinary shall come to the financial aid of the extraordinary. See how fucking egalitarian we are? Bail outs are blind! Such progressivism! It's enough to make you think we're gonna elect a woman or a black man. __________________ =-=-=-=-=-=-=-=-=-=-= ©2008 Implausible Endeavors LLC ImplausibleEndeavors.com* =-=-=-=-=-=-=-=-=-=-=
	Top

03-17-2008, 12:11 PM	#19 (permalink)
VKMHVM2 Senior Member Join Date: Aug 2007 Location: NYC Posts: 2,796 My Mood: Thanks: 86 Thanked 62 Times in 49 Posts	Playing the stock market not as an insider is like buying cows in the pale moonlight. __________________ It's All Here! Dr. Albert Pastore: An Independent Investigation of 9-11 and the War on Terrorism
	Top

03-17-2008, 12:30 PM	#20 (permalink)
Kanadesaga Windbag Join Date: Oct 2007 Location: NYS - Devil's country Posts: 6,513 My Mood: Blog Entries: 5 Thanks: 210 Thanked 73 Times in 49 Posts	No, it is gambling. You couch it in terminology to obfuscate and bewilder, this allows criminal activity. and isn't this just indictive that capitialism, in and by itself is a corrupt and unsustainabe economic system, if the government has to continually intervene to protect anyone. fuck if I can't pay my bills, like Bear couldn't pay theirs, the government don't bail my ass out. Especially if I spent all my money on hookers and blow. Sure as hell don't sound like "free market" to me. __________________ "..., because hope don't park the motherfucking car."
	Top

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode