when will the federal goverment stop bailing out the rich in this country. If I can,t pay my bills they take back my car house boat ect. our country cannot keep bailing out corprate
thifes the raid their funds and run away under some legal loophole.maybe they should do the honorable thing and pick a window like they did during the gerate depression.
Edward W. Schwab
of AZ
@
Sep 17, 2008 11:54:33 AM
Bubble Economy
I have read an article recently, which put it this way:
If you owe the bank 3 billion, they own you.
If you owe the bank 3 trillion, you own the bank.
sorry i can't remember who was the author, but try the above quote and you may find the article to read for yourself.
joe
of OH
@
Sep 17, 2008 11:12:03 AM
It's 10:25 AM Eastern, the Dow is down 200. Who, by the way, is going to bail out the U.S. Federal Reserve? They are now more than half invested in Bear Stearns, Fannie, Freddie and AIG. When, oh when, will we get back to the sense of higher interest rates that coulda, woulda, shoulda avoided all of this, starting with the housing mania?
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
Edward W. Schwab of AZ @ Sep 17, 2008 11:54:33 AM
joe of OH @ Sep 17, 2008 11:12:03 AM
of @ Sep 17, 2008 10:29:14 AM
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