| Re: Lehman Bankrupt, FF Nationalisation & Corporate Welfare Bailouts |
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Group: alt.philosophy · Group Profile
Author: Robert CohenRobert Cohen Date: Sep 19, 2008 21:20
On Sep 19, 10:04Â pm, Fred Weiss papertig.com> wrote:> On Sep 19, 12:00Â pm, Robert Cohen msn.com> wrote:
>>> re: TRILLION DOLLARS BAILOUT
>
>> Bush-Paulson should done something radical over a year ago.
>
> Very true. If they had they wouldn't have had to do what they've done
> since or in the last few days - and it wouldn't have cost the
> taxpayers a penny.
>
> If you've been bailing out your spendthrift son for years, the radical
> thing to do is not to give him an unlimited line of credit. Oh, and an
> unlimited line of credit which is way beyond your means, so you make
> everyone else liable for it.
>
> Does that make sense to you, Robert?
>
> Now tell me how the "Bush-Paulson" plan is any different in principle
> from that.
>
> Fred Weiss
RE: mega changes, such as:
No short selling of bank and financial stocks until at least early
October
Well, I personally agree & applaud, because I'm not shorting anything
Yet, the wrecking/shorting/fleecing of other industries is allowed to
continue on
The financials get protection, and for some other companies it's just
tuff-shitski
Why? BECAUSE the financial industry is like a distressed "utility,"
collapsing & the drying-up of lending
Why? Because the overall nation & the world are at the amoral mercy of
"hedge funds" whom are engaging in financial fuckingg-over & gang rape
by hook or crook
Our semi-braindead, overly-ideologized, semi cloistered, non-virginal
DECISION MAKERS, instead of helping both the defaulters AND the
financial industry when the unusually high foreclosures numbers became
apparent circa "18 months" ago, let it get out-of-hand
We are tonight in some new/unchatered territory
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