WRONG!!!!! The market never lost $1.2 Trillion yesterday. This has never happened before. PAUL LIED! Americans lost $1.2 trillion because congress wouldn't dish out $700 billion. That's your 401(k) money lost, not just the wealthy on Wall Street.
Why don't we do what Warren Buffet did, purchase preferred shares with 10% interest?
That way the companies could get the cash they need and we would be safe.
Buffet didn't want to mess around with the toxic assets, why should we want them in our back yard? Probably the politicians are wanting to selectively dish out the 700B for political favor.
Congratulations America. Cooler heads prevailed, and your country still has a future, if you guys hang in there.
Any other country that went through this thing decided to socialize their companies, and the results are out there to see: Europe and Japan have been sanding still for decades, while the free market US kept growing.
WRONG!!!!! The market never lost $1.2 Trillion yesterday. This has never happened before. PAUL LIED! Americans lost $1.2 trillion because congress wouldn't dish out $700 billion. That's your 401(k) money lost, not just the wealthy on Wall Street.
astorey08 3 years ago
Why don't we do what Warren Buffet did, purchase preferred shares with 10% interest?
That way the companies could get the cash they need and we would be safe.
Buffet didn't want to mess around with the toxic assets, why should we want them in our back yard? Probably the politicians are wanting to selectively dish out the 700B for political favor.
virginlampoil 3 years ago
Congratulations America. Cooler heads prevailed, and your country still has a future, if you guys hang in there.
Any other country that went through this thing decided to socialize their companies, and the results are out there to see: Europe and Japan have been sanding still for decades, while the free market US kept growing.
deinse81 3 years ago