TruthPeeler

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    • Bailout? Or Start Bailing? [view article]
      Just read the first four paragraphs of the lead story in last Monday's New York Times and you can see what the real deal is:

      "Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.

      "Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

      "At the same time, investment firms were jockeying to oversee all the assets that Treasury plans to take off the books of financial institutions, a role that could earn them hundreds of millions of dollars a year in fees.

      "Nobody wants to be left out of Treasury's proposal to buy up bad assets of financial institutions."

      Unbelievable. Wall Street and its backers created this mess and now they are going to clean up like bandits. Even Rudy Giuliani is lobbying for his firm to be hired (and paid) to "consult" in the bailout.

      This so-called "collapse" was triggered by the massive defaulting and foreclosures going on with people's home mortgages. Do you know why so many Americans are losing their homes? To hear the Republicans describe it, it's because too many working class idiots were given mortgages that they really couldn't afford. Here's the truth: The number one cause of people declaring bankruptcy is because of medical bills. Let me state this simply: If we had had universal health coverage, this mortgage "crisis" may never have happened.

      This bailout's mission is to protect the obscene amount of wealth that has been accumulated in the last eight years. It's to protect the top shareholders who own and control corporate America. It's to make sure their yachts and mansions and "way of life" go uninterrupted while the rest of America suffers and struggles to pay the bills. Let the rich suffer for once. Let them pay for the bailout. We are spending 400 million dollars a day on the war in Iraq. Let them end the war immediately and save us all another half-trillion dollars!

      They talk about how they will prevent golden parachutes. It says NOTHING about what these executives and fat cats will make in SALARY. According to Rep. Brad Sherman of California, these top managers will continue to receive million-dollar-a-month paychecks under this new bill. There is no direct ownership given to the American people for the money being handed over. Foreign banks and investors will be allowed to receive billion-dollar handouts. A large chunk of this $700 billion is going to be given directly to Chinese and Middle Eastern banks. There is NO guarantee of ever seeing that money again.

      Wall Street this weekend said either turn over the $700 billion or the first thing we'll start blowing up are the pension funds and 401(k)s of your middle class constituents. That's what we're dealing with. Make no mistake.       Sep 29 10:55 AM
    • Keep EnCana On Your Short List [view article]
      True enough. I read this article because I wanted to know why on Earth someone would be shorting ECA. I should have sold the farm and backed up the truck when I first bought in at $17 (US). Apr 04 10:45 AM
    • The John McCain Market Selloff [view article]
      Jan is right except for the fact that the Euro is now worth over $1.50 which doesn't even come close to 3 as stated. But the rest of the statement may very well be true. I'd put it this way: McCain is a grouchy old war mongering weasel who's no better than GW. Mar 09 12:40 PM
    • Greentech Media: Solar Sector Headed for a Shakeout [view article]
      I'd love to see a few recommendations. Feb 26 12:26 PM
    • Overhill Farms: A Small Cap Gem With High Potential [view article]
      Well, the end of 2007 has arrived and the stock is selling for sub-$3, which isn't anywhere near the "at least $10" prediction. What accounts for that in your opinion, or have you given up on it? Is it still a buy? Jan 02 12:34 PM
    • Taseko Mines Looks Like a Winner [view article]
      I bought TGB at an average price of $1.31. I did not sell along the way for the reasons you stated. I am not a short tern trader, but an investor. Aug 01 10:44 AM
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