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Bailing out stockholders is like paying ransom to kidnappers. - Today’s Headlines 7/258/0

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Caro Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-25-08 12:49 PM
Original message
Bailing out stockholders is like paying ransom to kidnappers. - Today’s Headlines 7/258/0

Top Story
Housing rescue on track to pass Senate by Saturday
WASHINGTON - The Senate has cleared the last hurdle to passing a massive housing rescue bill. An 80-13 test vote showed broad support for the package and put it on track to pass the Senate by Saturday. The White House says President Bush will sign it.
Bailing out stockholders is like paying ransom to kidnappers.—Caro

Matt Davies

For more headlines, visit MakeThemAccountable.com.

Carolyn Kay
MakeThemAccountable.com
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groovedaddy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-25-08 12:53 PM
Response to Original message
1. But we have to! They're so big! But here's the thing: What's to keep them from doing it again?
Nothing. And more than that, bailing them out makes doing it again a winning proposition (for them).
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-25-08 12:56 PM
Response to Original message
2. Privatize profits and socialize losses. See? Socialism is good when it benefits
our masters.

All sheep share the same destiny.
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Union Thug Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-25-08 12:57 PM
Response to Original message
3. Bingo! If you're wealthy in this country, you're ass is kissed...
but if you're a working stiff, you're labelled irresponsible, need to pull yourself up by the bootstraps, and in many cases cannot even file for bankruptcy anymore.
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FiveGoodMen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-25-08 01:05 PM
Response to Reply #3
4. Be that way until the working stiffs stop listening to Fox, Clear Channel, and their preachers...
And start voting in their own interests.

For starters, we shouldn't let anyone frame a presidential vote based on "Who would you like to have a beer with?"
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Hydra Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-25-08 01:12 PM
Response to Original message
5. Yup
It's more than ransom, though. It's Tribute.

We are paying TRIBUTE to an imperial master for the right to exist in their world.

:puke:
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