You and I bail out Freddy & Fannie and the market goes UP?

annabanana

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Mon Sep-08-08 07:31 AM
Original message

You and I bail out Freddy & Fannie and the market goes UP?

Don't they know that WE don't have any money either? Isn't this just another step a big friggen triangle?

The disconnect is pretty wild.

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lynnertic

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Mon Sep-08-08 07:37 AM
Response to Original message

1. They know where we live; we're not going anywhere.

Think about it: RFID passports and walls going up at the border.

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hatrack

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Mon Sep-08-08 07:43 AM
Response to Original message

2. Markets LOVE bailouts - in the long run, yes, they know we're screwed . . .

But if you're living for today, as most of Wall Street seems to lately, it's all good.

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bread_and_roses

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Mon Sep-08-08 07:59 AM
Response to Original message

3. Of course: their wealth is built on stealing our labor

Our labor translates into our $$ - that's why they privitize profit and socialize risks, support low wages AND tax breaks for our Corporate Masters, bail out private big $$ and steal our pension funds or just let them go bankrupt, etc. etc.

Unfortunately, the Democrats have been too complicit in this ponzi scheme called "Free Markets" to attack it effectively, and must instead mince around the edges with mealy-mouthed language that doesn't call it what it is.

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Wed May 01st 2024, 01:33 AM
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