Dont bailout GM, let it go bankrupt and then the government should buy it for pennies and fire all the idiots who built huge trucks heading into peak oil. Then hire a bunch of asian guys from toyota to put it back together. Then use the future profits to pay for wars in Iraq.
To the writer, I dont understand why shorting is not the answer. Your are right a portfolio of 50 stocks would have a few winners, but plenty more losers, so why not just bet on the losers?
We've Crossed the Line from Capitalism to Socialism [View article]
WEBISKING is DEAD wrong. The 29% increase in revenue is no way attributable to the tax cuts. It is exactly attributable to the housing bubble spurred on by cheap access to capital. The housing bubble WAS the only thing holding this economy up. Less housing we have had negative GDP growth for the last 5 years. Don't beleive me, check that 29% number next year I am sure the it will be far less.
Fact is you ilk said that tax cuts would stimulate the economy, fact is the economy is tanking.
We've Crossed the Line from Capitalism to Socialism [View article]
Trader Greg is RIGHT ON!!!! Exactly what I was thinking why not let the mother fuchers fail and then replace them with a taxpayer owned bank. This way everyone gets what they want. Credit is available to the market and we the taxpayer don't get screwed.
We've Crossed the Line from Capitalism to Socialism [View article]
This financial catastrophe is proof that tax cuts for the rich do not stimulate the economy. 8 years of tax cuts and the result is the greatest financial catastrophe since the great depression.
I hope that people begin to realize that the end game for capitalism is always bailouts. I hope that in the future the taxpayer will lend money during good times to make profits as well as bad times to socialize losses. Fannie and Freddy should have never been quasi public, they should have been all public, that way during good times the taxpayer would have made enough money to pay for this bailout.
Sort by:
Latest | Highest ratedBailout, Schmailout [View article]
Bailout, Schmailout [View article]
Bailout, Schmailout [View article]
The Physics of Money [View article]
IBM: Lessons from the Great Depression [View article]
Getting Ready for... Anything [View article]
America's Real Wealth [View article]
1. We are one of the worst in education in the western world
2. You said yourself the best minds went to wall street. Lots of good they will do there going on to the future
3. "Optimism and can do spirit" ARE THE SAME THING, both of which aren't going to save us
If all we have are our people "intelligence, optimism and willingness to take risk" then you can put a fork in us.
No amount of blind patriotism will take this fork out.
We've Crossed the Line from Capitalism to Socialism [View article]
Fact is you ilk said that tax cuts would stimulate the economy, fact is the economy is tanking.
We've Crossed the Line from Capitalism to Socialism [View article]
We've Crossed the Line from Capitalism to Socialism [View article]
I hope that people begin to realize that the end game for capitalism is always bailouts. I hope that in the future the taxpayer will lend money during good times to make profits as well as bad times to socialize losses. Fannie and Freddy should have never been quasi public, they should have been all public, that way during good times the taxpayer would have made enough money to pay for this bailout.
Panic Investors: Gold or Silver? [View article]
Is AIG a Buy Following the Government Bailout? [View article]
I say next we take over the oil companies, and this time make some profits on the way up and not just losses as with AIG.
AIG: The Cramer Conspiracy Theory [View article]
The U.S. on the Precipice [View article]
Current Market Turmoil: You Can’t Explain 'Stupid' [View article]