Bear stearn bail out

[ms]

I see bush and the feds are not willing to bail out the little guy. But only there rich friends I hear rush on the radio saying it's the little guys problem we shouldn't have to bail out them . Because they made a bad deal.  Bush is liar months ago he said the market needs to take care of it's self. Everyone is putting there money in the gas tank but there on TV saying it's the housing market. That BS drop the gas people will start spending again. The banker got us in this mess they run the world not the little guy.

[bighemidaddy]

so true



bighemidaddy

[beemanbeme]

The bankers run the world.......... well duh???  I'm sure glad it ain't the dumba$$es that set up their house notes like the old time car balloon notes so's they could drive (live in) a car (house) waaaay beyond their means. The bankers only pandered to peoples greed. It didn't make those folks take those loads out. 

And it's true. The Gov'ment ain't bailin' out the home owners; it's bailin' out the mortage companies. Just like it did the home builders, etc, etc, etc.
Only it ain't the Feds that is doin' it. Its me and you.

[Dixie Dude]

Bear-Stearn's stock was like $147 last year, it was $30 a share Friday, and they are being bought out at $2 a share.  Everyone who had stock in that company, including their employees 401(k) plan has lost their retirement.  Them going belly up hurts people, not just the now not so rich bankers.  Even at $2 a share, that is nothing for a $100 stock.  In the government bail-out, the FHA becomes the owners of the mortgages.  What are they going to do when people default, own a lot of property?  The ARM mortgages are not worth it.  This company owned a lot of those. 

[dukkillr]

Bear-Stearn's stock was like $147 last year, it was $30 a share Friday, and they are being bought out at $2 a share.  Everyone who had stock in that company, including their employees 401(k) plan has lost their retirement.  Them going belly up hurts people, not just the now not so rich bankers.  Even at $2 a share, that is nothing for a $100 stock.  In the government bail-out, the FHA becomes the owners of the mortgages.  What are they going to do when people default, own a lot of property?  The ARM mortgages are not worth it.  This company owned a lot of those. 

Whoah... Are you trying to be reasonable?!?  If I didn't know any better I'd say you thought about what you said, rather than just uncork a well practiced diatribe against the usual evil suspects.  Come on lets do the wild-eyed crazy thing together:  Bush is a terrorist.  He's secretly married to a Saudi princess and the CIA has merged with Exxon and tapped all americans phones and gas tanks... Only the rich and the roaches will survive the up coming revolution!  Lets get our guns and re-enact those scenes from Rambo that we've been dreaming of since we bought our first AK!  *now adjust your tinfoil hat*



The Fed is trying to calm the markets.  That benefits everyone who owns anything.  It also benefits the 14000 people employed by BS.  A whole lot of Americans have 401k or Roths (EVERYONE should have a Roth).  Keeping liquidity in the market is key to avoiding panic, and avoiding panic is key to the happiness of the majority of Americans.

You're right, there is almost never a good reason to own an ARM.

[ms]

--------------------------------------------------------------------------------
The bankers run the world.......... well duh???  I'm sure glad it ain't the dumba$$es that set up their house notes like the old time car balloon notes so's they could drive (live in) a car (house) waaaay beyond their means. The bankers only pandered to peoples greed. It didn't make those folks take those loads out. 

And it's true. The Gov'ment ain't bailin' out the home owners; it's bailin' out the mortage companies. Just like it did the home builders, etc, etc, etc.
Only it ain't the Feds that is doin' it. Its me and you.  They were giving out loans that people couldn't pay for they knew that from the start. They were also helping people give fale information on the loans. So who the dumba$$?