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alstry (< 20)

You CAN'T Have MASSIVE PUBLIC PRINTED Deficits/Bailouts and PRIVATE Property



March 02, 2011 – Comments (2)

The two can't exist together in a demcracy such as America.  Although such a marriage might work in a country like Libya, we must pick one as we are principled on equal justice for all and equal protection of private property.

If bankers get $20 million dollar bonuses from PUBLIC bailouts....every citizen, as a shareholder of the United States should get a similar bonus.........otherwise, the banker should return his bonus to the rightful owners, the citizens of the United States.

When bankers made money off of PRIVATE debt, and made profits based on that debt, then unlimited bonuses, as long as legitimately based on true profits, were arguably permissible in our system.

But once the system became dependent on the Government Cow, since we the people own government, we the people took on the risk of the deficits, we the people should own the proceeds of its profits...not individuals privately.

It is a when everyone milks the Government Cow.

2 Comments – Post Your Own

#1) On March 02, 2011 at 5:26 PM, alstry (< 20) wrote:


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#2) On March 02, 2011 at 5:40 PM, alstry (< 20) wrote:

and continues....

Isle of Capris prices $300M of senior notes

Isle of Capri Casinos Inc. on Wednesday priced $300 million of senior secured notes paying 7.75 percent interest and due in 2019. The notes will be issued at 99.264 percent of par value. Proceeds will be used to repay term loans outstanding under the company's existing credit facility.

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