Be a man and take responsiblility for your own actions, people do what you let them do! The taxpayers vote for the politicians, when the politicians fuck up, the taxpayers deserve the punishment they receive!
There`s no free market, it never was, the government fucks up and then they have to clean up, that`s the way it works when the market is not allowed to be free!
Now all the criminals who pushed our US financial systems into bankruptcy and a near collapse are whining here... We know who you are.. you are posting here and reading it..
Do you believe that the earnings and balance sheets of these companies played any part in their collapse?
You crawled out from under your rock I see. Guess you've been crying like a lil girl for a few months and now you're going to come out acting all tough. You're just a pussy, we all know it
Hedgefundtrader is a complete idiot, but there are some great counter-points to his stupidity, so I don't know if I should leave this in "Trading" or throw it in Chit Chat.
<b>Quote from Aaron Copland:</b> This bailout is the most disgusting form of market manipulation I've ever seen. Creating a taxpayer-funded company to take the crap off the balance sheets of banks that willingly assumed such risk is bordering on criminal. They are stealing taxpayer money to help fat cats in banks bolster their stock options. It's like Robin Hood in reverse. Taking over Fannie and Freddie made some sense as that helped homeowners, while wiping out the shareholders. However, this really doesn't. It simply burdens responsible taxpayers with the errors of the rich, greedy and stupid. Paulson said he was drawing a line in the sand with Lehman and that there would be no more bailouts. 3 days later, he decides to set up an entity to bail out all and sundry. If this were some emerging economy, the US would be rolling their eyes and complaining how the government was stifling the free market. Furthermore, if this suggestion was instigated by the head of an emerging market Treasury, who was formerly the head of one of the companies that would be directly bailed out by this, US pundits would be tut tutting at the level of corruption in such banana republic. But it's the U.S. so it's okay. This is a very sad day for the free markets. Quote from Nofear777: Just beautifully written. Third that. A weasel back out from under a rock - HAHA!! <b>You forget how Hedge Funds owned by GS and MS profited with shorting programs. Now the tables are turned and this is unpatriotic?!?</b> pay$
To some extent, but pushing a country's financial structure into oblivion is a part of human predatory nature. Did you think about it what you did when you were doing it? IF Fed had not stepped in this crisis our nations credit card, mortgages , insurance would have been locked up in few days and weeks and cratering a complete collapse. Is that what you wanted to see?