Bush’s Bear Stearns Bailout is Big Stupid
Submitted by Usury Law on Sat, 05/31/2008 - 15:51
This will be a quick post, based entirely on logic everyone can understand, and just uses Bear Stearns in the title as the current obvious example. The billion-dollar bank bailout goes well beyond Bear Stearns, and this is a rant I needed to make.
Let’s think about what’s going on for a second. We had lending institutions making loans that they knew many were not going to be able to afford the payments of. Then, to not a single observer’s surprise, people are forced into foreclosure because they cannot pay their mortgages.
And the government’s solution is to bailout the banks!
This is reverse of the action that should be taken, is not productive. This “solution” is also not surprising coming from the Republican White House. This isn’t a political rant, it’s the truth. The Republican philosophy is to stay out of people’s lives and support business. Frankly, that’s what got us into this mess, and there’s a much better way to go about solving the current subprime problem.
Simplifying everything: People can’t afford to pay their mortgages, so they don’t. Now the lenders are not being paid, their revenues drop, and they teeter on bankruptcy. The government’s solution is to give billions to bail out the banks, leaving the people in as much financial trouble as they were before.
Throwing money at the top will not solve the problem! But doing the reverse will!
Think about it for a moment. What would have happened if those many billions of dollars had been given to the people who were not able to pay their mortgages? If the government had stepped in and said “here’s money, that must go to your mortgage payment, to help you get by”, then not only would this help the people of this country (who pay the vast majority of taxes received by the government, unlike 50 years ago, but that’s another story) but since that money would have gone to their mortgages, the banks would be receiving their revenue.
Of course logic is lost on this administration. Everyone should be thinking very hard about who they are going to vote for in the coming election.
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Bear-Trap: The Fall of Bear
Bear-Trap: The Fall of Bear Stearns and the Panic of 2008 by Bill Bamber .... Ben Bernanke, President Bush, Date Figure, Dow Jones, New York, Rowe Price ... The guru's in New York make the big bucks and lose the money... we have to work ... people of Wall Street were so stupid to let this go on as long as it did. ... However, that hardship is necessary to keep people from doing stupid things in the future. ... top news Bush's Bear Stearns Bailout is Big Stupid. ... businesstorrents.com - Last post: 28 Mar 2008But he reiterated his opposition to big bailouts for undeserving speculators or ... Since the Bush regime is more than happy to bail out the oil/energy, ... Next time think before you type something totally stupid. ... 17 Mar 2008 ... Well, that's where Bear Stearns comes in. My sympathy with large, ... Saving Bear Stearns at $2 a share is slower. And stupid. ... According to President Bush, a well-established authority on just about everything, ... finbonanza.com I don't think Bear Stearns ever came close to insolvency. by blackhedd .... That's a big subject, and I could give you lot of arguments to the contrary. ... 17 Mar 2008 ... It's a big risk the Fed is taking, and I want to know why. ... Bear Stearns is the second-largest prime brokerage firm in the country, with a 21 percent market share. .... Bush response? $30 billion bailout. ... fundavalanche.com 17 Mar 2008 ... Black Monday and the Bear Stearns bailout; Update: Bush to address ... The Fed's point is that 'you may be big, but you are not going to file ..... our so-called elite (government and corporate) is stupid and/or naive. ... 20 posts - 1 author - Last post: 29 Mar... Bear Stearns Cos., Societe Generale, two of General Electric Co. .... Now and then a few will go to ClubFed if they have been stupid along .... Prescott Bush was a part of that and so were many business interests. ... 25 Sep 2009 ... March 2008: Bush stimulus $29 billion for Bear Stearns/JP Morgan Chase deal ... September 2008: Bush stimulus $25 billion to Big 3 automakers .... Thinking that I can't blame both Bush and Obama for doing stupid things ... haha! should of kept the EV1 you stupid bastards, die GM die haha…haha .... Uh, the government just bailed out Bear Stearns, so Bush just contradicted himself. .... Ford is leading the way out of the big 3. Why would anyone talk about ... 917838944
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- Last post: 28 Mar 2008But
- Last post: 28 Mar 2008But he reiterated his opposition to big bailouts for undeserving speculators .... Next time think before you type something totally stupid. .... Mr. McCain's determination to run for George Bush's third term,'' he said, ... 20 posts - 1 author - Last post: 29 Mar... Bear Stearns Cos., Societe Generale, two of General Electric Co. .... Now and then a few will go to ClubFed if they have been stupid along .... Prescott Bush was a part of that and so were many business interests. ... money Bear-Trap: The Fall of Bear Stearns and the Panic of 2008 by Bill Bamber .... Ben Bernanke, President Bush, Date Figure, Dow Jones, New York, Rowe Price ... smart people of Wall Street were so stupid to let this go on as long as it did. ... who financed 100% then took out a home equity loan to buy a big-screen TV. ... 17 Mar 2008 ... By now you all must be up on the news about Bear Stearns being sold for $2 a share to JP Morgan Chase. ... Bear Stearns? It's a big risk the Fed is taking, and I want to know why. .... Bush response? $30 billion bailout. ... resources 7 May 2010 ... Al Franken: The rating agencies had 'a reason to be stupid' .... And the reason this is a big deal is there's hundreds of billions of debt sitting on ... And that's why the Europeans are trying to bail out Greece. .... tax cutting by George W. Bush, coupled with unfunded endless wars overseas. ... 31 Aug 2007 ... Word on the street is that today, President Bush will speak to the nation ... out to be a big-money rescue mission masquerading as populist politics. ... Goldman-Sachs (NYSE: GS), Bear Stearns (NYSE: BSC), ... However, that hardship is necessary to keep people from doing stupid things in the future. ... top news Bush's Bear Stearns Bailout is Big Stupid. Submitted by Usury Law on Sat, 05/31/2008 - 15:51. This will be a quick post, ... 17 Mar 2008 . ... 25 Sep 2009 ... March 2008: Bush stimulus $29 billion for Bear Stearns/JP Morgan Chase deal ... September 2008: Bush stimulus $25 billion to Big 3 automakers .... Thinking that I can't blame both Bush and Obama for doing stupid things ... 17 Mar 2008 ... Black Monday and the Bear Stearns bailout; Update: Bush to ... Funny how the big guys get bailed out when in trouble and seem to .... However, they wouldn't be our so-called elite if they really were stupid and/or naive. ... 17 Mar 2008 ... Saving Bear Stearns at $2 a share is slower. And stupid. ... According to President Bush, a well-established authority on just about ... Our Government is focused on it's investors- those with the big bucks who ... 314348351
Bear-Trap: The Fall of Bear
Bear-Trap: The Fall of Bear Stearns and the Panic of 2008 by Bill Bamber .... Ben Bernanke, President Bush, Date Figure, Dow Jones, New York, Rowe Price ... smart people of Wall Street were so stupid to let this go on as long as it did. ... who financed 100% then took out a home equity loan to buy a big-screen TV. ... But a federal bailout of big financial entities is a certainty—indeed, the Federal Reserve has already guaranteed billions of complex Bear Stearns loans. ... business $30 billion bailout. ... Bush's Bear Stearns Bailout is Big Stupid. Submitted by Usury Law on Sat, 05/31/2008 - 15:51. This will be a quick post, ... 17 Mar 2008 ... Saving Bear Stearns at $2 a share is slower. And stupid. ... According to President Bush, a well-established authority on just about ... Our Government is focused on it's investors- those with the big bucks who ... life - Last post: 28 Mar 2008But he reiterated his opposition to big bailouts for undeserving speculators or ... Since the Bush regime is more than happy to bail out the oil/energy, ... Next time think before you type something totally stupid. ... 25 Sep 2009 ... March 2008: Bush stimulus $29 billion for Bear Stearns/JP Morgan Chase deal ... September 2008: Bush stimulus $25 billion to Big 3 automakers .... Thinking that I can't blame both Bush and Obama for doing stupid things ... breaking news Thinking about this situation and the Big One in 29. ... that weren't even related to it-- the risk of one stupid idea was diluted to the entire market. ... His second interview was also on the Bear Stearns bailout, ... Bush worked faster to bailout Walstreet than the people affected by the Katrina disaster. ... 17 Mar 2008 ... Black Monday and the Bear Stearns bailout; Update: Bush to ... Funny how the big guys get bailed out when in trouble and seem to .... However, they wouldn't be our so-called elite if they really were stupid and/or naive. ... 17 Mar 2008 ... It's a big risk the Fed is taking, and I want to know why. ... Bear Stearns is the second-largest prime brokerage firm in the country, with a 21 percent market share. .... Bush response? $30 billion bailout. ... 680583381
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27 Mar 2008 ... Yes, your tax
27 Mar 2008 ... Yes, your tax dollars will be used to bail out BEAR STEARNS thumb ..... Thanks for saving me the time. inactive, on 03/27/2008, -3/+10i'm shaking with laughter at how stupid you are. ... The Big Turn On: DiggTV: Digg TV ... Thinking about this situation and the Big One in 29. ... that weren't even related to it-- the risk of one stupid idea was diluted to the entire market. ... His second interview was also on the Bear Stearns bailout, ... Bush worked faster to bailout Walstreet than the people affected by the Katrina disaster. ... technology 17 Mar 2008 ... It's a big risk the Fed is taking, and I want to know why. ... Bear Stearns is the second-largest prime brokerage firm in the country, with a 21 percent market share. .... Bush response? $30 billion bailout. ... Bush's Bear Stearns Bailout is Big Stupid. Submitted by Usury Law on Sat, 05/31/2008 - 15:51. This will be a quick post, based entirely on logic everyone ... online But a federal bailout of big financial entities is a certainty—indeed, the Federal Reserve has already guaranteed billions of complex Bear Stearns loans. ... 17 Mar 2008 ... Black Monday and the Bear Stearns bailout; Update: Bush to ... The Fed's point is that 'you may be big, but you are not going ..... However, they wouldn't be our so-called elite if they really were stupid and/or naive. ... events The so-called "Big Three" don't. You picked up a Ford lately as a rental car? I have. .... Saving Bear Stearns at $2 a share is slower. And stupid. ... Bear-Trap: The Fall of Bear Stearns and the Panic of 2008 by Bill Bamber .... Ben Bernanke, President Bush, Date Figure, Dow Jones, New York, Rowe Price ... smart people of Wall Street were so stupid to let this go on as long as it did. ... who financed 100% then took out a home equity loan to buy a big-screen TV. ... 19 Mar 2009 ... How Wall Street insiders are using the bailout to stage a revolution ..... made a pitch to George Bush's SEC chief at the time, William Donaldson, ... One of those was Bear Stearns, which used its freedom to drown itself in ... "zero coupon bond" in a sentence without sounding stupid — well, then, ... More to the point, why didn't Bush fire Paulson in September - or even sooner? ... Bear Stearns and Lehman Brothers both collapsed due to this excessive leverage .... One would hope that Merkel and friends in Germany aren't really stupid ... and the non-bailout that was a bailout and then more bailout via TARP, ... 912208385
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