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Your question is "What is the crisis at the present?". No one seems to know what the crisis is all about ... but I do.
Sep 27 09:42 am
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All Comments by I need a bailout »Bailouts Are Painful - And Should Be [View article]
There was no bailout announcement during the failures of Lehman, Freddie, Fannie, AIG etc. But when Goldman started to drop toward $100 per share there was the bailout idea / announcement by Hank Paulson / George Bush. Why did the bailout come at this time? It is because Paulson owns $500 million of Goldman stock. If you were going to lose that kind of cash you would bow down / get on one knee to whomever you thought could save your ass!!! In fact, some of you may have done a lot more for Nancy!