Really now? How will entrepreneurs come back? With what? The patient is on the table in intensive care. We ALL know why he is there. He's has clogged arteries and a heart that is suffering from congestive failure with dead tissue in both ventricles. His blood pressure is off the charts. Surely smoking and drinking 24/7 didn't help, let alone eating at Burgker King for breakfast, lunch, either! We ALL know this. So, as doctors are we suppose to simply let him die when we can bring him back to being a healthy, functional, and productive human being in society? You guys continue to drive your car by looking into the rear-view mirror . . . There will be plenty of time for that and sending people to prison later. Right now, the patient needs his arteries opened back up with a few stents. But leave it to you ET "wizards" who have no understanding of what's actually going on ( commercial paper market anyone??? ) to want to let the patient die before even going into OR. Congratulations. And you call yourself "can-do" Americans? Get real.
Because Gross uses panics like this to buy distressed assets at bargain prices - just like any good money manager/value investor does. Unlike you or I though, he does so in big size because he knows he has a line direct to washington and the public's opinion as the country's largest bond fund manager which can influence policy and therefore assure profitability. When we make such bets in a similar circumstance, we do so much smaller and are willing to lose our capital. Bill's just trying to make a buck. Can you blame him for using any tools at his disposal?
Probably becasue he wants to keep his job ... LOL. *** As far as that other nonsense you wrote, that's pure speculation on your part. Unless, of course, you have the inside-scoop ... yeah, right.
Yeah. 5% of my portfolio on gold & gold stocks. A real goldbug. 7:1 leverage, sure. 40:1 leverage - forget it. I'm not going to disparage you, but you and I have very different opinions on this matter. You can feel free to place me on ignore if you feel it helps you think more clearly. I won't be perturbed in the slightest. Doesn't change right from wrong.
Bill Gross is the biggest shill and beneficiary for all of these government bailouts. True price discovery would be great but that is not what the banks want. They want the government to overpay for these securities, otherwise they are bankrupt. They are avoiding true price discovery any way possible. And finally, I have never even heard the mention of private equity getting involved (which would be a good thing). I believe the bill just allowed the government to buy these contracts.
Try reading this week's Barron's. I believe that they have a tad more credibility than your beloved "60 Minutes".
No, No, and No. Paulson has been talking about "price discovery" and private equity getting involved from the get-go. I am amazed that people have no real solid understanding of this proposal.