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The Financial Bailout
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Sharpshooter
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Joined: Sep 08, 2008
Posts: 14
Location: Queen Creek, AZ & Rapid City, SD

PostPosted: Fri Oct 03, 2008 12:00 am    Post subject: Re: The Financial Bailout Reply with quote

dust54 wrote:
Jsut wanted to pile on:

By INVESTOR'S BUSINESS DAILY | Posted Tuesday, September 30, 2008

Election '08: Barack Obama wasn't just the second-largest recipient of Fannie Mae and Freddie Mac political contributions. He was also the senator from ACORN, the activist leader for risky "affirmative action" loans ..

Read the whole five part series - What Caused the Loan Crisis

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dust54
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PostPosted: Mon Oct 06, 2008 5:14 am    Post subject: Re: The Financial Bailout Reply with quote

Thanks Sharpshooter!!

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jeh7mmmag
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Joined: Dec 24, 2006
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Location: DFW, TX.

PostPosted: Fri Oct 17, 2008 8:12 am    Post subject: Re: The Financial Bailout Reply with quote

THIS IS WORSE THAN A DIVORCE. I LOST HALF MY MONEY AND I STILL HAVE MY WIFE.”

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vint2
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Joined: Nov 18, 2005
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PostPosted: Fri Oct 17, 2008 8:16 am    Post subject: Re: The Financial Bailout Reply with quote

Are you living right????? ROFL

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Bushmaster
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Joined: Jun 12, 2005
Posts: 10708
Location: Ava, Missouri

PostPosted: Fri Oct 17, 2008 8:33 am    Post subject: Re: The Financial Bailout Reply with quote

I lucked out. Bailed out of the market when I retired. Sold everything on the west coast and moved to Missouri two years ago. I did see this coming two years ago. Thought I might be wrong as I figured it would fall apart a year ago.

Sorry for everyones losses...It's got to be tough. Don't divorce yer wife now. You'll have even less... Very Happy

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vint2
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Joined: Nov 18, 2005
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Location: Iowa

PostPosted: Fri Oct 17, 2008 8:45 am    Post subject: Re: The Financial Bailout Reply with quote

Don't let my comment be misunderstood as I do sympathize with your loss and I resent that our taxes are bailing out a bunch of rich people!! Mad

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TRBLSHTR
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Joined: Mar 23, 2007
Posts: 1071
Location: Lower 48's-left coast(near portlandia)

PostPosted: Fri Oct 17, 2008 9:37 am    Post subject: Re: The Financial Bailout Reply with quote

Vint2-not just bailing them out................but sending them on lavish hunting trips,and extravigant retreats partying on our dime(s)!Oh did I mention the golden parachutes for running the companies into the ground!Kindof like buying kid a new car for not graduating high school! Sad

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vint2
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Joined: Nov 18, 2005
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Location: Iowa

PostPosted: Fri Oct 17, 2008 10:13 am    Post subject: Re: The Financial Bailout Reply with quote

Unfortunately you are correct in all of that! It is all part of the same thing and should not be!!!!!! Mad Mad

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Dimitri
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Joined: Nov 25, 2005
Posts: 5911

PostPosted: Fri Oct 17, 2008 2:35 pm    Post subject: Re: The Financial Bailout Reply with quote

I got my RRSP statement (like the American 401K aka a retirement savings plan above the "pension") I don't got much in it but I only made .65% last qaurter in "no-risk" savings. Overall made 2.85% since November. Smile

None of the high risk/return bonds for me thankfully.

Dimitri

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