GREATER FOOL THEORY- How Bailouts are making monkeys out of us

Oh No It Gets Worse:
SANTA CLARA, Calif. Banks collecting billions of dollars in federal bailout money sought government permission to bring thousands of foreign workers to the U.S. for high-paying jobs, according to an Associated Press review of visa applications. More Here: http://news.yahoo.com/s/ap/20090201/ap_on_bi_ge/bailout_foreign_workers

WELFARE FOR THE RICH - In essence that is what the bailouts are. The Corporations and Rich Wall Street Executives keep telling us it is necessary if America is to survive. Huh? They take America down and then need to be bailed out in order to bring her back up again... Something smells mighty fishy to me. thinkingblue
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IN A NUTSHELL
What Does Greater Fool Theory Mean?
A theory that states it is possible to make money by buying securities, whether overvalued or not, and later selling them at a profit because there will always be someone (a bigger or greater fool) who is willing to pay the higher price.
-OR-
When acting in accordance with the greater fool theory, an investor buys questionable securities without any regard to their quality, but with the hope of quickly selling them off to another investor (the greater fool), who might also be hoping to flip it quickly. Unfortunately, speculative bubbles always burst eventually, leading to a rapid depreciation in share price due to the selloff.
FROM THIS SITE: 4 Fatal Financial Fantasies
http://www.investopedia.com/articles/pf/09/financial-myths-fantasies.asp
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The GREED goes on and on while America sinks. thinkingblue

Category:

News & Politics

Tags:

• bailout
• welfare
• economy
• politics

[im4wur]

Bailouts? Naw, it's: "Head I win. Tails you lose, America" - They're gambling and if they win, they take the profit. If they lose, we pay for it. - It's a rigged game. - That's not gambling. That's theft, plain and simple.

The economic model we're adopting is one where we privatize profit and socialize loss. The result is the filthy rich get obscenely rich and the poor get... poorer.

[deanphilpot]

The bailout money is to be used to buy the assets for 10 cents on the dollar of all the rich people. Welcome to the new world order, they even steal from the poor, too.