Posted on 09/23/2008 2:47:43 PM PDT by dynachrome
(Excerpt) Read more at michaelsavage.wnd.com ...
Oh God, I’m hurling, thanks! That is just soooooooooooo wrong, peta = mental disorder!
Yesterday there was a thread with a photo showing a federal reserve vault stuffed with gold bars up to the proverbial rafters with an estimated value of $200 billion. It was humbling to realize it represented but a small fraction of the proposed bailout.
As for what Savage is talking about..
If the "bad" paper will be bought at a big discount and could pay off handsomely for the taxpayers why not give the opportunity to professional investors?
The 700 billion is what? 3.5% of the $20 trillion? They can handle it. Leave it to the professionals. It's what they do.
has anyone posted on Freerepublic that Ayers probably wrote Obama’s dreams of my father?
ha. That would be a fun story. Got a link?
I think savage should put that on his site and discuss it.
ooo I hope city bank...I can wash my hands of about 5g lol
Interesting theory. No one seems to be talking much about oba-messiah’s school days. None of his fellow druggies, anyway.
oooo i was about to yawn at this woman..then he hits her with zingers lol
Did that caller say Chase might fail???
OMG.
I might lose my Chase VISA Reward Points!!!
I demand a bail out! I have $45.00 in accumulated Reward Points.
God Bless Michael Savage.
Even more fun, my bank, Wachovia, might merge with Morgan Stanley. musical chairs on the titanic. Who knows.
LMAO!
If she sill has a job at one of the investment houses, she be worried.
In the early 80s I had an account at a private Savings & Loan in Oklahoma. Many of the S&L’s were not under any kind of FED insurance. Luckily, I had taken out most of the $$$ and only had about $300 in the account when the S&L crises hit and that S&L closed.
It took a couple of years for the lawsuits, etc. They finally settled. For the next decade, I would get quarterly checks. The checks ranged from about $12.00 to $0.15.
I eventually recovered about $100. It was more of a hassle than it was worth.
I was lucky that I only lost a total of about $200. Some lost their life savings and only got pennies on the dollar after the lawsuits.
Savage took umbrage at her comments. Why? I've read the same analysis and description of Lehman Brothers -- even before the "crash."
Washington and Wall Street did indeed try to find a buyer for Lehman Brothers -- remember? First it was no government bail out for Lehman Brothers, then it was "bail out" Lehman Brothers!
No one wanted to touch 'em is what I remember.
BTW, Savage has stated several times over the years that he knows little about investing and Wall Street -- for the sake of reliable information he needs to have some experts on the show.
He is about the only one concentrating on Wall Street. The others acknowledge the problems there but concentrate on the problems with Fannie Mae and Freddie Mac. Yeah, Schumer said some neat things at the hearings-- but the phony is a big cause of the problem!
Savage’s main problem with the woman caller was her blind trust that those in charge will somehow make it all right a blank check. Subsidizing incompetence is a bad recipe.
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