The great wall street robbery of 2008

[beast]

  What are they Thinking ?

   Never mind the moral hazard when it comes to the fed bailing out companies that have been financially irresponsible.


  what about the moral hazard of the taxpayers bailing out a government that is being financially irresponsible with tax payer money.


   I think the Government is underestimating the survival instincts of the people on the street.


   So let wall street have there two day party and sing happy days are here again.

   But, those presents promised to them by the fed may not come to fruition as the sleeping giant may wake up finally and say NO. enough is enough.

   It's going to be a long cold winter. I just hope we don't end up burning dollar bills in the furnaces.

[Anonymous]

Uncle Sam fixed everything today

no need to worry

just go back to sleep... because your new 60 hour work week starts on Monday, oh, yeah, and retirement age is now 82

get used to it 'mericans

[beast]

 <a href="http://www.rttnews.com/Audio2/2008/September/19/INTV-WHITE-GovntBailout-09.19.08-lbr.mp3" //target="_blank">http://www.rttnews.com/Audio2/2008/September/19/INTV-WHITE-GovntBailout-09.19.08-lbr.mp3</a>


In an interview with RTT News, Dr. Lawrence White, Professor of Economics at NYU's Stern School discusses the federal bailout plan and how effective it will be, stressing "it's all in the price." White predicts it "will probably work" but says the real question is "at what cost to the tax payer?"

White gives his take on if the plan will limit future bank failures, fix the housing crisis and if it will be the last government bailout attempt.


Source: http://www.rttnews.com/ArticleView.aspx?Id=716360