Wall Street was elated when the government talked about bailing all the financial institutions out and stocks soared..................... for a day. Then they found out there was going to be conditions on the bailout. Uncle Sam was not going to just pay off everything for them and slap them on the wrist, so now Wall Street is throwing a hissy fit and stocks took a plunge and oil prices soared.
Let me get this straight? Uncle Sam deregulated, and the financial institutions were like a kid in a candy store. Through lax lending practices and risky, irresponsible investing they drove the economy to the brink of disaster. They have put millions and millions of dollars in their pockets at our expense. Now we are going to bail them out and they are upset about it? They kept putting their hands in the cookie jar until it was empty and now they are "anxious" about us saving their butts? How much money are these fat cats going to give back to help this situation? How badly do you think this "bailout" is going to affect them. They may have to get domestic cavier?
The rich keep getting richer and the poor poorer.
Tuesday, September 23, 2008
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