Posted on 01/08/2012 6:48:57 AM PST by ak267
Yikes. Looks like they’ve got us surrounded!
Ann Barnhardt...without teleprompter. Best 40 minutes (and scariest) you’ll spend:
http://www.youtube.com/watch?feature=player_embedded&v=hGl3QPfB084
Then, watch “Why No Brokerage Account Is Safe”:
http://www.youtube.com/watch?v=GMI6JYX2e0Q&feature=relmfu
THEN, get your money OUT and take some TUMS.
The purpose of insurance is to protect someone against an instance of failure. There isn't enough money to protect against total system collapse.
Paulson gave back $1.3 billion in 2011. He made $6+ billion in 2008-9.
$1.2 billion is NOTHING. Chump change. the "system" is not "destroyed" by an amount that Mike Bloomberg's 401k gains or loses every 3 months. Give me a break.
Precedent was set with GM bond holders.
I didn't see any exact numbers, but the reports I saw implied he lost more than that. His 2 big funds lost somewhere around 50% and were supposedly around 11B to start the year.
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