DM32

Repaying TARP and the Myth Behind 'Taxpayer' Money

Bulls eye -- you could also add Fannie and Freddie to the list of government run basket cases.

It Could Happen - Cramer's Mad Money (9/26/08)

Our political leaders- both Rebublicans and Democrats, with very few exceptions should be swept out with the biggest broom the voters can find. They collect $3 trillion in taxes and have managed to create $50 trillion (at least) in debt and unfunded liabilities and some want to raise more taxes. They must first provide total visibility on where the $3 trillion in going and how much is being wasted. What we are going through right now is only the tip of the iceberg. Remember, we are the co signers that provide the "full faith and credit" of the U. S. Government. When they finally realize they cannot get it from raising taxes, they will begin to seize assets. Take AIG. They did that deal it in the name of protecting taxpayers, but have totally wiped out the equity of the shareholders. I wonder how many of those people were taxpayers and now their near worthless assets are in the hands of the government.

It Could Happen - Cramer's Mad Money (9/26/08)

Cramer is the image Wall Street greed -- take profits when things are good and run to the government to bail him and his buddies out when things go south. He is a trader and not an investor although he can be good for a few laughs -- just not for sound financial advice.