The Republicans talk about privatizing Medicare and letting the folks from big business run it. I hope the employment pool for CEO doesn't include anyone from Lehman Brothers, Merrill Lynch, IndyMac, Fannie Mae, Freddie Mac, Bear Stearns, or Enron. As POA for my 83 year old uncle, who lost money to Enron, I am keeping his stock certificates in a safe place, right there with his Confederate money.
Sphere: Related ContentMonday, September 15, 2008
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Suggested Brokerage firm and/or Mega Bank sales slogans.
1) We're in it (poor house) for the long haul
2) Forget our History, we need your cash for our future.
3) Don't worry, its only a paper loss, like confederate money.
Fiscally Liberal Republicans scratch their heads, instead of each other's backs, over 500 point drop in the DOW.
Lehman yells at Paulson, you bailed out Bear Sterns, Fannie Mae and Freddie Mac out, why not us?
9/15/08: Historic "Conservative Republican Monetary Policy Day" on Wall Street.
Lehman Brothers Bankruptcy, Lehman unsuccessfully tried to sell of it's Commercial Real Estate Portfolio. Commercial real estate to collapse next.
Largest Insurer in the world AIG needs 80 billion to stay out of the poor house, right after their top exec-Greenberg was fined almost $100 million.
Merrill Lynch, after writing off $48 Billion in losses over the last year only rises 1 cent to 17.06 after Bank of America makes monopolistic $22.83 per share buyout offer.
Vote Republican...
And don't we wish that social security had been privitized as Bush wanted? Maybe they would've invested in safe stocks, like Fannie, Freddie, and Lehman.
amen, the george bush school of economics plan for privatizing social security would have been the bomb.
Time for a quotation from the late, great Herbert Hoover:
"Prosperity cannot be restored by raids upon the public Treasury."
It seems to me that, although lacking Hoover's education, Bush may find his niche in history as
the 21st Century Hoover. On the other hand McCain is NOT capable of being the 21st Century FDR.
9/16/08
Fed Governor's Gone Wild with your money... Let the suckers fall, otherwise they are not going to learn a damn thing and will be back to the corporate welfare well in a couple of years...
Somebody ask the White House to bail out the West Macon, Macon Mall, it's a matter of national interest. When Bush starts another war and orders us to go shopping, our CHOICE in where to go shopping will be severely limited...
"Injecting $140 billion of temporary reserves into the banking system so far this week, the most since after 9/11, Bloomberg reports.
Facilitating the Bank of America-Merrill Lynch transaction, as discussed here.
Up Next: A rescue package for AIG, which was widely rumored Tuesday and made official this evening.
Update: AIG will get an $85 billion loan from the federal government in exchange for an 80% percent stake in the company, CNBC reported Tuesday evening. The loan will avoid a bankruptcy filing that could potentially destabilize financial markets but will severely dilute existing shareholders."
-techticker
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