Comments on: “We Don’t Have To Have This $Trillion Bailout Shoved Down Our Throats”

By: Tom Remington

Tom Remington — Fri, 26 Sep 2008 12:05:06 +0000

Doesn’t that “lost” money go into a “lock box”? Ha Ha

By: jes

jes — Fri, 26 Sep 2008 09:18:08 +0000

Just another thought, but money just doesn’t disappear..There is always a trail of where it went. Could be hidden well, but is still there. Most important, and right on, where you told of Buffett scooping up Sacks….WHEN SOMEONE IS LOOSING MONEY, SOMEONE IS GAINING MONEY!

By: George

George — Fri, 26 Sep 2008 02:29:06 +0000

Just a side note, Not being mentioned at the moment. The FDIC is also looking for a $150 Billion Looks like our savings are going to dry up as well as our pensions. Probably not saying anything to prevent runs on your local banks.

LET THE GAMES BEGIN!!!

http://www.bloomberg.com/apps/news?pid=20601170&refer=home&sid=amZxIbcjZISU

By: George

George — Fri, 26 Sep 2008 02:15:54 +0000

Now we are down to a $700 billion bailout that is, for McCain and the Republicans, like the Salem witch trials. If you are innocent, you drown, if you are guilty, they burn you at the stake.

Newt Gingrich says that if McCain votes for the so-called “Bush bailout” bill to keep financial institutions solvent, he will guarantee his defeat. Based on how many conservatives feel about the bill, that may well be true. So there’s the “drowning if you’re innocent” part of McCain’s ordeal.

If the Bush proposal fails to pass, then panic is likely to hit Wall Street, leaving banks and financial institutions with little working capital; and likely leading to one of the worst economic crises most of us have ever witnessed. That is where McCain gets burned at the stake.

As is often the case, this entire disaster is likely a combination of strange coincidences, greed and total ineptitude on the part of leaders in government and finance. But we do know that the FBI now wants some answers about these matters as well.

Oh, and I couldn’t help but notice that the most astute of Obama supporters, the “Sage of Omaha,” Warren Buffett, was ready and willing to scoop up at a fire-sale discount a good portion of Goldman Sachs. Is he really just a sage?

Sorry. There goes that darn paranoia again.

Yea Jes, I get this feeling about the Obama too, This ain’t going to go well for any of us.

By: jes

jes — Fri, 26 Sep 2008 01:37:46 +0000

As long as that umbrella ain’t talking back, we’ve got no problem!

By: Tom Remington

Tom Remington — Thu, 25 Sep 2008 23:24:36 +0000

I also got thinking this afternoon that I am not a financial expert. Then I thought some more and I said to myself, “Self! You are a financial genius! You’ve come to realize that 2 + 2= 4 and if you have 6 dollars and from that you take away 7 dollars, you’re in trouble.

By: Tom Remington

Tom Remington — Thu, 25 Sep 2008 23:22:30 +0000

GLewie – I’ve heard that scenario before. I heard it this afternoon on the radio and the response from the “braintrust” on the radio was “but you don’t get it. We have to get those banks and such back lending money again!”

My response to the umbrella laying beside me in the car was, “Isn’t it the lending these guys did what got us into trouble?”

By: jes

jes — Thu, 25 Sep 2008 22:20:40 +0000

International debts are fickle fairies…. Just stop to think how many international debts owed to us we have “forgiven” and forgotten….I am more in line with Greg on the paper money….it’s like a myth more than a “given” as gold! And as Tom said, when it’s in their own best interests, these debts simply disappeared! And it is in China’s interest to ignore them as their markets are based on ours! Just think of the huge WWII debt we “forgave” Japan…as it was in our interest to do so! Only when there is a concerted effort in “survival” as a country are these debts brought into play….they are leverage in an economic “war” that could be fought if the circumstances warrant it. In that aspect, they are one of the preludes to international war..And in that case, to the victor belong the spoils…

By: glewie

glewie — Thu, 25 Sep 2008 21:49:44 +0000

HAY what if the feds just gave us all our share of those trilllllions and we did our own do over on everything we have done wrong. over the years we just mite be in better shape when it setteled than if we give it to freddie’s fanny

failure doesn’t justify a do over every time.

let it fail then fix whatever comes out of the dust.

on the whole we the taxed didn’t have much to do with the failure why is it our job to fix.

I dont by my best frend tires for his car.

when he wore them out on his own.

By: George

George — Thu, 25 Sep 2008 20:52:31 +0000

Sad but true