Friday, September 19, 2008

Massive Bailout!!

Folks, I know I have been posting on this, but things are getting scary so this is just my personal rantings. Looks like coming Monday Feds are going to announce some massive bailouts.

we are talking about 100 billions dollars of tax payers money to end this crisis as much as $1 trillion. Meaning US Govt will purchase virtually worthless mortgage-backed investments that have been plaguing Wall Street and the U.S. economy for months.

The rule is simple when it comes to profits/earnings the Wall St Cats will take . And all the stupid decisions of theirs and risks fall on the shoulders of tax payers on the main street.

Great going !! :(

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