Tough times/ Bad Economy

Mr. Prop-B-Gone · 10-01-2008, 10:51 PM

Apologies if this seems off topic given the recent posts, but......

It seems to me that the most recent Bailout, Rescue, whatever, works like this. The government takes our money and gives it to the banks so that they can lend it back to us at a profit. Gee, what a great country. No wonder my father wanted me to be a banker!

As to the drop in the market, well, if you didn't sell your shares you still have exactly what you had when you bought them. X% of that company. The only people who lost money were the speculators who panicked and sold out.

Remember, investing is just another form of gambling. You knew going in that there was no guarantee that you would win. If you were to bet the mortgage money on a horse race and lose, no one would even consider bailing you out.

Its time these Bozos in Washington started rewarding the people who did things right instead of shoveling all our hard earned money at the people who knowingly did this to us.

Whew! I feel better now! Thanks for listening!

10-01-2008, 10:51 PM	#17
Mr. Prop-B-Gone Senior Member Join Date: Jan 2007 Posts: 106 Thanks: 4 Thanked 30 Times in 17 Posts	Apologies if this seems off topic given the recent posts, but...... It seems to me that the most recent Bailout, Rescue, whatever, works like this. The government takes our money and gives it to the banks so that they can lend it back to us at a profit. Gee, what a great country. No wonder my father wanted me to be a banker! As to the drop in the market, well, if you didn't sell your shares you still have exactly what you had when you bought them. X% of that company. The only people who lost money were the speculators who panicked and sold out. Remember, investing is just another form of gambling. You knew going in that there was no guarantee that you would win. If you were to bet the mortgage money on a horse race and lose, no one would even consider bailing you out. Its time these Bozos in Washington started rewarding the people who did things right instead of shoveling all our hard earned money at the people who knowingly did this to us. Whew! I feel better now! Thanks for listening!