09-29-2008, 08:24 PM | #1 |
Demiurge
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Why the public is turning up its nose
Here we are in a situation where very rich companies with very rich employees who made a lot of money for a long time, are suffering and going under.
We are told a massive taxpayer-funded bailout is necessary. We are then told, that the plan is so good, that it may very well cost NOTHING, and that taxpayers might MAKE MONEY on the whole thing. And some of you morons are sitting around wondering why the public smells a rat. EVERYBODY WINS! WE ALL MAKE MONEY! NO PAIN FOR ANYONE! |
09-29-2008, 08:25 PM | #2 | |
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Quote:
1. They are too ignorant to understand the underlying economics 2. They are justifiably skeptical of the government |
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09-29-2008, 08:26 PM | #3 |
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09-29-2008, 08:27 PM | #4 |
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Bingo.
It will affect EVERYONE's 401K and retirement accounts. Not just the rich and wealthy who ripped the markets off. Unfortunately you can't separate the water from the oil at this time.
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09-29-2008, 08:28 PM | #5 |
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Unlike those sad sacks with their hands out who created this mess? Tell me why they were earning multiples of the average heart surgeon's salary.
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Interrupt all you like. We're involved in a complicated story here, and not everything is quite what it seems to be. —Paul Auster |
09-29-2008, 08:29 PM | #6 |
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I've got time for my accounts to recover. I've got patient money.
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Interrupt all you like. We're involved in a complicated story here, and not everything is quite what it seems to be. —Paul Auster |
09-29-2008, 08:30 PM | #7 |
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09-29-2008, 08:34 PM | #8 | |
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Frankly I would put a provision
Quote:
If they haven't stashed away some money when they were earning $40M+, tough. And some perhaps should even go to prison........ie. Enron, MCI, etc. This current crop of CEO's are just as guilty of rigging the markets as were those at Enron, MCI.
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Ohbama - The Original Bridge to Nowhere |
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09-29-2008, 08:35 PM | #9 |
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Indy, let me guess. Your employer was heavey into credit default swaps.
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Interrupt all you like. We're involved in a complicated story here, and not everything is quite what it seems to be. —Paul Auster |
09-29-2008, 09:02 PM | #10 |
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