Bailout: New move that I like

[Aqua Pro Builder]

Finally, our government is doing something I like in how it handles the financial crisis: Buy stocks not loans. Look at this statement by Paulson : "The needs of our economy require that our financial institutions not take this new capital to hoard it, but to deploy it," meaning that they will use the money to bolster lending to each other and to their customers. Did I say that loan to the big guys would not work before? And, did I say that the private sector(vulture investors) is not loosing confidence in the economy but wait and watch the best chance to gain every penny out of this crisis. LOL It took 2 weeks for the government to realize something so common sense or forced to admit they have to change policies. LOL

So sad, I did not get back the penny I sent(by the government) to help AIG and some of his workers who continue to luxuriously spending the dimes of the dying company.


Once again, this new policy also have to be implemented properly or else it is going to be a joke too.

 

[Killerdrgn]

Yeah I agree that buy shares of bank's would be a great idea especially since the values of the banks are so low right now. It's almost guaranteed to be a money maker. On that note I really should have bought Morgan Stanley stocks over the weekend, anyone see the doubling of their price on Monday?

 

[Aqua Pro Builder]

Yeah I agree that buy shares of bank's would be a great idea especially since the values of the banks are so low right now. It's almost guaranteed to be a money maker. On that note I really should have bought Morgan Stanley stocks over the weekend, anyone see the doubling of their price on Monday?

You should have! I see that you are not a vulture. HAHHAHA

So sad, or else you would not mind spending thousands on my LEDs.

 

[Killerdrgn]

You should have! I see that you are not a vulture. HAHHAHA

So sad, or else you would not mind spending thousands on my LEDs.

Yeah if i would have made that move i would have bought the LED lights, too bad the cost to fix my downstairs neighbors ceiling was as much as the lights.

 

[aaron23]

freaking 8$ per share.... i didnt have funds in my account i was going after GS mostly at 88$ per share my gawd -.- i would have been frekaing rich

 

[Aqua Pro Builder]

freaking 8$ per share.... i didnt have funds in my account i was going after GS mostly at 88$ per share my gawd -.- i would have been frekaing rich

Well, lost another potential customer. LOL

So how have you been and will you be graduating to a no job situtation, you think? Do you worry at all with the current state of economy?

 

[aaron23]

hahahaha watsup wingo how are you buddy. I'm going to try to get an internship at a firm and continue school hopefully

 

[LeslieS]

Wingo, even though they are non voting shares, how do you regulate something you own?

 

[Aqua Pro Builder]

Wingo, even though they are non voting shares, how do you regulate something you own?

that's what I mean by proper implementation is needed or else the new move is going to be a joke too-something I can brag about during dinners. LOL. Many other countries took preferred and voting stocks. I wonder the wisdom and theory behind our government's action of not doing the same. Even in the Goldman Sach case, the stocks are preferred stocks for the private investor, why not People Of The United States. Guess, "God Bless America" but financial giants don't bless America.