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**UvjqTVVC** · 10-06-2008, 07:26 AM

Well, the whole mess is rather obscene. I wouldn't label it the poor bailing out the rich. Rather I would label it some of the rich ****ing up and the US Gov dragging everyone else (rich, poor, themselves) down with them.

The bailout started last year, with the Fed throwing the dollar under the bus to try to prop up the stock market which was being dragged down by the financial mess. That didn't work, and it essentially transferred trillions from $'s to the stock market. THis $700bn bailout is piddling by comparison, and just a drop in the bucket considering the $50+ trillion CDS cluster****.

10-06-2008, 07:26 AM	#1
UvjqTVVC Join Date Nov 2005 Posts 437 Senior Member	The Poor Bailing Out The Rich Well, the whole mess is rather obscene. I wouldn't label it the poor bailing out the rich. Rather I would label it some of the rich **ing up and the US Gov dragging everyone else (rich, poor, themselves) down with them. The bailout started last year, with the Fed throwing the dollar under the bus to try to prop up the stock market which was being dragged down by the financial mess. That didn't work, and it essentially transferred trillions from $'s to the stock market. THis $700bn bailout is piddling by comparison, and just a drop in the bucket considering the $50+ trillion CDS cluster**.
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