I could not POSSIBLY be more fucking JUBILANT...MSNBC: "Bailout fuels new era of Wall St. wealth"

Bailout fuels new era of Wall St. wealth

NYT: Efforts to save financial system helps titans make greater fortunes in fresh ways. Full story

http://www.msnbc.msn.com/id/33354321/ns/business-the_new_york_times/

:sarcasm:

:grr:

:sarcasm:

It's a great partnership!!!

Doesn't matter if I can pay my rent or my bills. As long as the investor class is fat and happy, I'm content to struggle and scrape until I die. I wouldn't have it any other way.

I feel the same way...and just got a bill for 9,000$ (and change) from a hospital for about 5 hours there on Sept 24th. That's the part NOT covered by my friends at United healthcare, whose CEO has approx. 3/4 of a BILLION $ in company stock options ( besides his multimillion dollar salary). Unlike those whiny, un-American liberals, I am PROUD to do my part to make sure the poor guy can live the lifestyle he's accustomed to. God bless Goldman-Sachs and the rest too...

...and realize that we are THERE, and we are there right NOW.

The American working man and woman built this country. Immigrants from all four corners of the globe came here to seek their fortunes in any way they could. They worked long hours and got little pay but that did nothing to diminish their hope.

When they wanted MORE money, they worked HARDER, and for LONGER hours.

We need to "re-balance" the scales.

We had eight years of Bush-Cheney's "do it all for the haves and have mores" ethic.

I understand that President Obama inherited an terrible, TERRIBLE legacy from his predecessor.

But that's the hand he was dealt, and the hand he accepted.

We need jobs, and we need them NOW.

We need healthcare, and we need it NOW.

In the absence of these two variables, we do NOT have a "recovery," and while MSNBC would have us pop the champagne corks over Wall Street's joy, I want to believe the man that WE elected as President will keep the cork in the bottle until the REAL America...not the investment bank America...can count the coins in their pocket and see an improvement.

:patriot:

still have me unconvinced as to whose side Obama will end up on. I think his heart's in the right place, but I have had doubts since he started appointing these people. It certainly seems as though the health of Wall Street is his highest priority, and the same old trickle down crap is in place. I'd like to give him the benefit of the doubt, but so far my misgivings are seeming to have some validity. Well, off to a gig ; and a good paying one..party for some rich people so at least some's gonna trickle my way tonight...

there are known definite losses. The only real risk is that we the people are going to figure it out en masse and rise up against them.

Wealthy U.S. Shoppers Boost Spending 29%, Survey Says

By Cotten Timberlake

Oct. 16 (Bloomberg) -- Spending in the U.S. on luxury goods and services spurted 29 percent in the third quarter from the previous three months, as consumers with the highest incomes unleashed pent-up demand, according to Unity Marketing.

Spending among 1,067 consumers with average annual income of $228,800 rose to $18,826 each in the three months ended in September from $14,554 a quarter earlier, the Stevens, Pennsylvania-based luxury-market research firm said today. Shoppers cut spending by 3.2 percent in the second quarter and spent $13,429 in the third quarter of 2008.

The increase was driven by consumers with the highest income levels, starting at $250,000 a year, said Pam Danziger, Unity’s Marketing’s president. Spending was strongest in the home, travel and dining segments, she said. The wealthy curbed purchasing earlier this year because of Wall Street job cuts, lower home values and volatile financial markets.

“No question that this quarter’s spending increase is good news for luxury marketers,” Danziger said in a telephone interview today. “Many affluent consumers returned after sitting on the sidelines for a year. However, the richest are few in number, 2.5 million households, so competition will be fierce to win their attention.”

Once the anti-war people finally get that Wall Street is behind the MIC (and not the other way around) then maybe we might be able to get something done on this front.

the left is simply having to revisit battles that should have been fought then.

the fight is harder and more entrenched now -- but it should have all the energy we've got to put behind it.

when one considers 401k's and retirement plans, the %age of citizens that have exposure to the stock market is near all time high.

when the dow was 3,000 pts lower, it was BAD (according to many) because so many people's account balances were decimated.

well, now it's had a HUGE rise, and that helps nearly everybody with a long biased stock / mutual fund.

they can sell now 35-40% richer than at the last bottom.

so, for those who think the market is doomed, CASH OUT NOW. or keep investing. in the short term, the market will do what it always does--- fluctuate.

in the long term, it goes up.