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Why do I have to bail out the stockbrokers & banks - I never bought

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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 09:56 AM
Original message
Why do I have to bail out the stockbrokers & banks - I never bought
stocks and they just took on more than they could handle.

Funny, we don't see the talking heads ever make that comment - just keep blaming those who overextended in housing.
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zanne Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 09:58 AM
Response to Original message
1. True. They gambled and bought bad stocks....
And now we have to bail them out.
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Rosa Luxemburg Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 10:02 AM
Response to Original message
2. it's always the 'little person' who has to take the blame for the rich
goes back a long way through history. I don't think we'll ever get equality.
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TBF Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 10:03 AM
Response to Reply #2
5. We're not giving up, Rosa. n/t
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begin_within Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 10:02 AM
Response to Original message
3. Why do you hate America?
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TBF Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 10:02 AM
Response to Original message
4. I've been saying that since the first bail-out. This is ludicrous. We don't
bail out casinos.

And the really crazy thing is that even if people freak out and bail them out once, you think they'd see the bankers lavishing themselves with bonuses and get a clue. But no, now they want to do it again.

Solution: Fed takes over and becomes the "bank of america". Put them out of their misery.
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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 10:09 AM
Response to Reply #4
6. The wouldn't even have to change the stationary if they keep that
name.

I'm just so sick of the freeper/limbaugh/M$M disconnect - Gawd forbid we help out people, but pull out all the stops to help out shareholders.

The longer this all goes on, the more I wonder if we wouldn't be better off to just let it all crash and rebuild rather than keep trying to prop it up. More painful in the short-term(maybe) but it's got to be better in the long run than what we've got to deal with now. At best, they manage to save a system that's only benefiting the few on the backs of the masses.
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TBF Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 10:17 AM
Response to Reply #6
10. That's the way I look at it as well. n/t
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Rashel Donating Member (185 posts) Send PM | Profile | Ignore Sat Feb-21-09 11:00 AM
Response to Reply #6
12. Freepers and carnival barkers like Hannity and Rush tell us we need them to create jobs
How many jobs did Madoff create?
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TBF Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-22-09 01:03 PM
Response to Reply #12
17. There are other ways to create jobs. n/t
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Avalux Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 10:09 AM
Response to Original message
7. The standard cause of the crisis is housing -
Pukes and Wall Street blame the entire mess we're in on Fannie/Freddie and people buying more house than they could handle.

Makes we want to puke. :puke:

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Double T Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 10:13 AM
Response to Original message
8. The stockholders, traders (also traitors), banks, investment banks own or pay for the....
Edited on Sat Feb-21-09 10:14 AM by Double T
operation of MOST of the media outlets. The GD 'message' is controlled by these irresponsible crooked bastards; no wonder no one goes to jail and criminal corrupt corporate business continues as usual. Which came first, the sub-prime mortgage with smoke and mirrors language and no income verification check or the house buyer looking for a mortgage? Case rests!
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L0oniX Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 10:14 AM
Response to Original message
9. Indeed. My home is paid for. Why do I have to bail out greedy asscarrots?
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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 10:19 AM
Response to Original message
11. I agree. We hear about how "investors" take "risks" when investing their money...
When times are good, these "investors" reap the rewards. But when times are bad, then they should endure the losses. But, nooooo, now we have to make their bad investments good. I didn't think it worked that way...

Apparently, when times are good, "investors" get rich, but when times are bad, "investors" get rich...:crazy:
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 11:37 AM
Response to Original message
13. Very simply from what I understand
Edited on Sat Feb-21-09 11:38 AM by no_hypocrisy
The money for and from the investment banks are blended with the money for and from the banks you need in your life. You deposited money that left the bank that day. That money was given to your new neighbor who just got a mortgage to buy the house next to you. The mortgage paper had a value like an IOU and that paper was added to pile of other mortgage papers, sliced up, and sold to investors. And the investment banks sold the slices and got hefty commissions and bonuses. Your local bank depends on the investment banks selling its mortgages.

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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 11:47 AM
Response to Reply #13
14. But again, why do we keep focusing on rebuilding a system that
routinely crashes (normally after full onslaught of Republican policies)

And I was being sarcastic about having to bail out the banks (sort of) - but I keep waiting for someone to counter that idiot on the other day who the repubs keep trying to prop up as some new populist leader
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City Lights Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 11:53 AM
Response to Original message
15. Pitting average Americans against each other is much easier.
And it removes blame from America's master thieves. It's so much better for the corporate stooges if Americans are pointing fingers at their neighbors rather than America's corporate mastahs.

IMHO, your point should be put in writing to CNBC. I'd love to hear Little Ricky 'meth teeth' Santelli address it on camera.
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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 01:34 PM
Response to Reply #15
16. In a lot of ways, the Dems & Repubs do a pretty good job of similar
distraction as they both do plenty of bidding for their corporate campaign donating bribers masters that's not really in the best interest of We, the People.
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