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Author: spongeLarry Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1568  
Subject: Re: To all those against it... Date: 10/6/2008 11:20 AM
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Well, well, a day (or 2) after the wonderful $850 BILLION bailout is forced thru the House (hey, if you don't get the answer you want the 1st time, just ask the same question again and again until the arm twisting pays off - that's democracy, you know) we see the stock market nosedive: as I write, the Dow is down 4.51% and the S&P 5.04%.

yup, that really worked!

Sure glad we listened to the "experts".

They know what's good for us. Never mind WHO caused this mess, just believe whatever they say! They're from Harvard, after all.

Yes, the stakes are high. So what? Do we believe the crooks who got us here to get us out? The stakes are high, therefore, someone ELSE should receive the $850 billion, not the corrupt sector!

Some are saying it must be fine because Buffet said it was necessary. Buffet is looking after his shareholders!!! wake up, people. Of course he wants free cash into the banks - his stake in BAC is high. He doesn't care about the travesty of justice to the Amercian taxpayer - he only cares about maximum returns to his shareholders. Better a depression with $700 billion into companies in his portfolio than a depression without it. His position is obvious. Though not moral.

Yes, TMFTomG, I agree there should be regulations in the financial sector. Regulations can (and should) be imposed by governments - that's what they do - they govern. They DO NOT need to purchase authrority to establish regulations. (i.e. that has NOTHING to do with the bailout)

America, its time to vote your "yes-bailout" congressman and senators out of office.

Unfortunately, both presidential candidates are blind invertebrates.
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