Wall Street Bailout.

[Sheridan]

I laughed my butt off when I read this post in reference to bailing out the Wall Street Tycons.

He has a funny and interesting point.






5th Estate Says:
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ummm….lets pretend I originally bought 100 shares in a sub-prime ’secured’ investment vehicle at $10 bucks per. and their value doubled to just before the crash, ‘making’ me a 100% profit ($1000). Then those shares crash to $1 each.

I’ve now ‘lost’ $1000 profit–because I thought the economy was “strong” like I;d been told— and I’ve also lost $900 in real money (which has devalued as well now so it’s more like $950 lost).

Now Paulson wants to force me to buy the same thing I lost almost all my money on, not at $1 a share but at $20 a share? If not, Paulson warns, you’re going to lose money!!!

Does that sound about right?

September 23rd, 2008 at 8:17 pm

[Sheridan]

Getting my mind around what is occurring on Wall Street has been difficult for me, terms like Credit Default Swaps left me confussed. I found an article, though a bit long that really does a good job of explaining this. It starts back with the S&L bailout of the 80's and progresses to where we are now. If you ever wanted to understand this topic, this read is worth the time.

www.dailykos.com/storyonly/2008/9/21/9322/74248/245/602838

[Sheridan]

Here is why a bailout is really needed for Wall Street.

www.bloomberg.com/apps/news?pid=20601093&sid=aQHSAzk5vQto&refer=home

[ISN War Reporter (Embedded)]

LOL to ALL!!!

I for one DO NOT SUPPORT the Bailout Screw-Job. Yes, we're in dire risk of financial collapse. So what? That's what Laissez-Faire Capitalism of Adam Smith, the foundation of this freaking country is based upon. If they fail, something else takes its place. Supply-Demand. As for the stock market, Hey Doofus's its always been ALL ABOUT RISK! That's why you win some and lose some. If it's guaranteed it defeats the purpose!!! Yeah, this all means sheer economic devastation and millions will lose jobs and blah blah blah. Yes! But tell me this... Who guarantees us that the $700 mill Ooops, Billion will work. I mean, who are we to save, control, manipulate the markets just because of the OMG risk to our economy.
So do nothing and worst case scenario this happens:
1. Those with lots of risky assets lose a lot of money
2. Businesses without sufficient REAL SUSTAINABLE cash flow
DIE!
3. Millions become unemployed.
4. All those leased, mortgaged homes, cars, and boats etc flood the market collapsing it. devaluing it.
5. desperation and crime spikes, drug dealers can't make a buck
6. food riots, energy blackouts, collapse of the dollar
7. panic, martial law, global pandemonium
8. survivalists and militias (hey maybe even gangs) take to the hills or what not
9. Post-Apocalyptic Mad Max visions, maybe even Armageddon. Hell, I feel like Mad Max at the gas pump sometimes, maybe I ought to take our a rag and bowl and soak up some spilled gas.
10. or maybe we just stop sucking the world dry for cheap resources and labor to feed our insatiable greedy hunger and we get off our asses and move our fat cow butts into the 21st Century and grow up. We're a bunch of leeches on the world. Maybe we'll have to actually produce something here again and be self sufficient somewhat. Somewhere we forgot that we used to do that.

I don't want to see us fail, I too will lose out, but this "deal" just might only delay the inevitable and actually make the pain worse later, ...fix the real problems I say!

[Sheridan]

Stop holding back Roman, and tell us what your thinking,..... LOLOLOLOLOLO

[Sheridan]

Hey Roman,.. Sarah can explain the need for the bailout better than I can. Listen very carefully to conversation,.. each word is pretty important.

www.youtube.com/watch?v=L8__aXxXPVc



Heads for bathroom at fast speed to vomit,..

[6 of 9]

Amen to Roman!

[Sheridan]

Give me the bailout money,..

thinkprogress.org/2008/10/06/lehman-board-recommended-20-million-in-executive-%e2%80%98special-payments-while-filing-for-bailout/

[Sheridan]

Ahh,.. now it all makes sense,...

I can Roman screaming now,...

thinkprogress.org/2008/10/07/aig-luxury-retreat/

[ISN War Reporter (Embedded)]

AAAaaaaaaaaaahhhhhhaaaaaaaaa!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

LOL, sadly. I highly recommend you go watch these awesome SNL Spoof clips if you haven't already seen them, makes fun of all sides BTW.
www.nbc.com/Saturday_Night_Live/

All I can say is... "It's all gotta be about job creation..." Quote from Palin.