If the government called average citizens up and said “Hey, you may have all maxed out your credit cards and tapped out your bank accounts, but here is some free money with a fuzzy repayment scheme” you would be pretty happy too. This bailout plan smells to me, and it removes risk from megacorporations in a way that your average small businessperson would never be rewarded.
Why do liberals seldom like it when the stock market goes up?
Always a cloud in every silver lining.
Contrast that to the all-time highs on liberal blogs the prior 3 1/2 days pre-Bush’s speech to the nation yesterday.
I support buyouts over bailouts.
Hell, let’s figure a way to get the people who created this mess, and that’s the bankers and speculators, not the poor people trying to buy houses. Let’s see if we can find a way to get them send to Gitmo. The banking collapse is a huge security problem, as it will amplify the economic effect of any upcoming attack.
You are totally wrong on this matter. The reason the stock market is rising today, is because Short Sellers are prohibited from shorting financial stocks and when they are prohibited from doing so, they now how to hedge their bets and buy into a long position.
God is this country stupid!
“Why do liberals seldom like it when the stock market goes up?”
They seemed pretty happy in the 90’s. Of course most people, of any political persuasion, are not enthusiastic about bailing out big businesses who don’t know how to run their business to begin with.
“Why do liberals seldom like it when the stock market goes up?”
Why do you lie so often?
Dennis, in addition to being an incredible idiot, you’ve additionally proven yourself to be a huge douchebag and a liar! Congratulations. you are the pinnacle of awesome!
Juneau’s okay if you like mildew growing between your toes.
-Dubya’s complimentary assessment of Juneau, Alaska, when asked by journalist Betsy Brenneman, New York Times, Oct. 21, 2000
Reminds me of Humphrey Bogart’s assessment of Marilyn Monroe – She’s alright if you don’t mind a dozen takes.
Similarly slightly backhanded.
Buying out the ‘bad’ loans isn’t bad for the govt if the right discount is applied. But that’s the question of the day.
Too cheap, it’s not doing any good. Too expensive, it’s a rip off.
Our elected geniuses –
From the NYT – [A]s the Fed chairman, Ben S. Bernanke, laid out the potentially devastating ramifications of the financial crisis before congressional leaders on Thursday night, there was a stunned silence at first.
…
Senator Christopher J. Dodd [said] the congressional leaders were told “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.”
Bunch of corrupt nitwits.