The Dow is up almost 400 points. Who's making money on this bailout?

[panader0]

The fat cats are laughing all the way to the bank.

[TahitiNut]

1. Buy low. Sell high. And use a bigger whip on the labor force.

:shrug:

It's beautiful, isn't it? Toss some of the galley slaves overboard. Whip the rest. And then steal their taxes to prop up the "ownership society."

This is when they yell "We're all in the SAME BOAT!!!"
But you'll NEVER see them grab an oar.

[Lifetimedem]

2. Exactly

[kdmorris]

3. To steal the words from my husband...

Profits are privatized...bail outs are socialized.

How many people watching CNN and seeing all this bailing out realize that the bailout money comes from US? We are now subsidizing all the profits of the CEOs, in a much more direct way than we had to before. Yet another way of making money on the backs of the poor.

Can't afford single payer healthcare... too much money. Can't afford shelter for all... too much money. Can't afford to feed everyone...too much money. But when a CORPORATION gets in trouble, by making bad business decisions... oh, yeah, lots of money there. NO problem... just step up to the cash drawer and take all you need.

/bitter

[Ganja Ninja]

4. The Democrats better read the fine print on this rescue plan.

I'm sure that there's some cash in there for the Bush crime syndicate if they take the time to find it.

[HereSince1628]

5. Everyone everyone! Happy happy! Joy joy!

Man, I'm gonna feel bad when these meds wear off.

[The_Casual_Observer]

6. It's all a big game.

The progressives & hand wringers come out on the losing end of it every time anymore, they actually think that economics has something to do with the man on the street. The guys in charge couldn't give a shit about the man on the street.

[thewiseguy]

7. So I gather that you do not have a 401k, pension funds, or have invested in stocks?

I am not your typical "fat cat", and I have lost a ton of money because of the stock market turmoil.

[TahitiNut]

8. So, CDs weren't "good" enough, huh?

:nopity:

[thewiseguy]

11. No they were not.

The 5% interest rate you get on a CD is below the inflation rate. So you basically lose money.

[mainegreen]

13. Well, last time I checked, CDs don't have employer matching and the same tax breaks.

[Gin]

9. illiquid assets...yep..thats what we get...they get all the money....

we get toxic waste.

Definition of Illiquid Assets: Illiquid assets are assets that are not easily and quickly converted into money.

[panader0]

12. No 401K, no pension, no stock, no insurance

I do have 15 acres and a home I built myself.

[Robbien]

15. Paulson is artificially forcing the market higher.

By forcing prices higher, he gives his buddies the chance to dump their stock at higher prices. For example. His best buddy Bob Steel, the CEO of Wachovia, had a $5M loss yesterday. Today he had a $9M profit on the open. And when guys like Steel, Mack, Thain, Lewis and the others are given the opportunity to sell their polluted stock at artificially high prices, they will pocket huge piles of cash.

When the markets correct . . . and they will, these are the guys that will have the money to buy for pennies on the dollar. The consumer will be doubly wiped out. Stock prices will eventfully fall . . . wiping out mutual funds and pension funds. And the taxpayer will be on the hook for trillions in debt piled high by Paulson.

http://realestateandhousing2.blogspot.com/search?updated-min=2008-01-01T00%3A00%3A00-05%3A00&updated-max=2009-01-01T00%3A00%3A00-05%3A00&max-results=50



So if you are partying today, tomorrow you will be weeping.

[rucky]

10. Maybe I'll buy that yacht, after all. n/t

[sinkingfeeling]

14. Maybe some working people who have money in 401Ks?

[panader0]

16. What about those who don't?

We have to pay for those who do. What bailout do us little people with no 401ks get?

[sinkingfeeling]

17. What ? You got a check from the government just a couple of months ago. That 'stimulus' package was

your bailout. I didn't receive a dime because I'm a single person and make 'too much' money. So my tax dollars paid for your stimulus check just like it pays for 'earned income credits' for the lower paid people in this country.

I truly believe that 98% of the people living here have forgotten that we're supposed to be a nation. Even here there are many who think only of their own individual needs.

Edited for punctuation

[Mesteryo]

18. The U.S. Treasury WILL make money..

This wasn't just a bail out and handing money over to AIG. This deal will force AIG to sell its assets and pay back the Treasury with interest. The Treasury will thus be making money. How in the heck do you think we pay for Social Security?