It’s not a bailout! Friday, September 26, 2008
Posted by ei-forum in Rants.trackback
Why does everyone keep talking about a bailout? People seem to forget that the government would actually be purchasing assets and not dishing out handouts!
As usual, it’s just politics getting in the way of things getting done. Naturally, we feel that markets should take care of themselves and that they ultimately would but since the politicians are not prepared to let things play out – quite rightly due to the critical situation that would ensue – then they should act in a swift and determined manner.
Why not take advantage of the situation to try and make the taxpayers some money on this deal?
Our take: a solution will be found, markets will rally and then realize that there are still a lot of problems out there and we will go back to volatility. This crisis will take a lot of time to play out … there is still a lot of deleveraging that needs to take place…
We still advise extreme caution.
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I think this is the biggest rip off in the history of the USA
They say if we don’t bail them (who every that is) out then we will hit rock bottm. Hell, I been at rock bottom. And you know what, when your at rock bottom you have something to stand on. And when you have something to stand on then you can stand up and make something for yourself.
FUCK A HAND OUT
FUCK A BAIL OUT
How about a free market? Is a free market a new idea? I just don’t get it.
Mad as hell about government and it giving away my hard earned money.
Mike
Kind of a naive assessment. The taxpayers are in effect buying worthless paper. Sure, they MIGHT gain some of it back, but once again the fat cats will be fine, and the taxpayers will pay through the nose.
http://christianliberal.wordpress.com/2008/09/26/bailout-basics-how-to-get-revenge/
The volatility of the market is still an issue that will continue to apply even after this situation has been resolved.
No one is happy about the situation but something has to be done to protect Americans… most people do not realize that if the government decided to let the market sort itself out – and it would – the cost would probably be worst than the great depression……
The problem is they branded this as a bail out. Your correct in that it’s not a bail out, it’s a purchase of assets, though they seem to be worthless on paper they still involve real property that will have real value. Oversight is what caused this problem, or rather the lack of it. Though I don’t like taxpayer money used to correct a problem created by the greed of institutions that brought this on themselves, I feel we need to do something now that will in the long term help taxpayers by recovering the market to a working mechanism.
The ‘paper’ they would be buying is not worthless if held to maturity….