Private Equity bailout is already in place - seems they made some bad investments and now are claiming their bailout entitlement alomg with anybody and everybody with lobbying power who made bad investments. Joe Public will have to eat his of course, no real lobbying power.
I am a small time trader who day traded and lost all my money. I want my bailout too..where is mine? How much will i get? I have some old junk which are "illiquid" in my basement. Can I sell it to government?
Agree its pure economics, now. Lets wait until the DOW drops another 1000, *after the bailout*. Should get interesting. 700 Billion won't cover. Wallstreet is just getting started.
Apparently, the Media War to shape Public Opinion can only fight one battle, at a time. Iran. Iraq. "The Surge". Al Queda. Or the financial crisis. Pick one. Easier to propagandize the herd when its being fed a consistent message. "Support the bailout or you're doomed."
The fools in Washington know what they're doing? 'Seems to me they're a buch actors/con-artists robbing Peter on Main St to pay Paul on Wall St. Nothing but a bunch of whores!