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Superhappyfunbailout

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September 19, 2008 – Comments (5)

I am apoplectic. I can't rant. I can barely drink my coffees. Time to green thumb ever rancid financial out there, I guess. I closed my reds on most of that stuff, because I suspected some kind of nutty gobnment bailout might come along. I never expected these two simultaneously.Velcome to the glorious workers paradise, comrades. Let us all salute our brave leaders who have come togeser in zis time of woe to strengsen our financial system and distribute rewards to all deserving serfs.

Sj

5 Comments – Post Your Own

#1) On September 19, 2008 at 11:02 AM, EverydayInvestor (< 20) wrote:

To quote Jeremiah Wright, "God d*#n America", or at least the government and the SEC.

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#2) On September 19, 2008 at 11:02 AM, EverydayInvestor (< 20) wrote:

To quote Jeremiah Wright, "God d*#n America", or at least the government and the SEC.

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#3) On September 19, 2008 at 11:12 AM, MrSucrose (< 20) wrote:

Can anyone explain to me why AIG was too big to let fail?  There are plenty of well run, less leveraged insurance companys that would have torn their assets apart and have made buckets o'cash off the good stuff.  The industry would have just redistributed itself.  Now I as a taxpayer am in the insurance business, which I am OK with--it is pretty easy to understand, and a shitty finacial services business--which is as clear as mud.

Second, aren't we just setting ourselves up for the next crisis.  It seems inevitable that some risky investment vehicle will come along with a reward that will be too good to be true and the investment banks will jump in whole hog.  We are proving that the government will use the taxpayer to limit the risk, so why not.  But the next time instead of just having to bail-out the investment banks we will have to bail-out the huge banks that now own them.  It is just going to go on exponetially untill 50 years down the road the whole system is toast because the cost of bailing out these firms will go up and the relative financial means of the government to bail them out will decrease because of the increased expenditures of social programs.

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#4) On September 19, 2008 at 11:40 AM, XMFSinchiruna (27.74) wrote:

I've got your back, Bent... I ranted for you:

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=88321&t=01006124249416869148

Make sure the thought police don't pick up on your dissatisfaction with the party comrade.

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#5) On September 19, 2008 at 11:41 AM, XMFSinchiruna (27.74) wrote:

Perhaps a hyperlink is easier.

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