Originally Posted by
Dianna219
I am not arguing about a fragile economy, the western world in entirity is fragile. You have made the point quoting ABC News or any other sound bite medium. Whatever happened to doing your research and making your own decision, that's my point. God forbid, I'm to blame, nah, can't happen. Don't you think that the Fed by doing this, did in fact, "bailout the little guy" and forgot the Bears Stearns employees, stockholders etc. Factually, the Administration did "guarantee" Bears balance sheet, investment portfolio, presumably, to protect the investor base and hopefully walk away with something for better or worse. That simply is the position, the "poor middle souled investor" is by nature too stupidor, too lazy to make his/her own decission, and, true, that's why you have Investment Houses. and the points go on and on and on. Call it like it is, why shoud I, feel "bailed out" . The government does what it has to do, in order for the populous to stop bitching about "Our Tax Dollars", look at it, extract the politics and probably/maybe you'll see that this has been happening since the late 1930's. Realistically, I'm happy that the Fed did what they had to do, .20 on the dollar is better than .00 Sure, do I feel symphatec to Bears Stearns employees, no, of course not, no more tears shed than those of WorldCom or Enron, they were all living high on the hog, and knowing fairwell that the company was full of crap as I said, above, why do you want to or feel compelled to invest in your employer, perceived job security, I don't know, but, I do know this, not a smart move.
I have faith in the global investment community, rightfuly or wrongfuly so, but, I really do not want to hear this "meltdown theory" there are enough safeguards in 'the system" to anticipate, analyse, correct, adjust and respond
to the financial/economic negatives that may occur, most, are very very short term. Well, that's it, I didn't respond to a few of your "points" because I believe they were answered or put forward previously. So, that's that.
You're fundamentally pissed off becuse the government didn't ask you, shoud we, or shoudn't we, bail oy Bear Stearns, of course they didn't ask, you forgot to pay your FDIC Premium, I hate it when that happens!
Anyway
Peace, Love and grow Petunias
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