The Financial Bailout

Sharpshooter · Posted: Fri Oct 03, 2008 12:00 am Post subject: Re: The Financial Bailout

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

dust54 · Posted: Mon Oct 06, 2008 5:14 am Post subject: Re: The Financial Bailout

Thanks Sharpshooter!!

jeh7mmmag · Member Joined: Dec 24, 2006 Posts: 223 Location: DFW, TX.

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

vint2 · Posted: Fri Oct 17, 2008 8:16 am Post subject: Re: The Financial Bailout

Are you living right????? ROFL

Bushmaster · Posted: Fri Oct 17, 2008 8:33 am Post subject: Re: The Financial Bailout

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

vint2 · Posted: Fri Oct 17, 2008 8:45 am Post subject: Re: The Financial Bailout

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

TRBLSHTR · Posted: Fri Oct 17, 2008 9:37 am Post subject: Re: The Financial Bailout

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

vint2 · Posted: Fri Oct 17, 2008 10:13 am Post subject: Re: The Financial Bailout

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

Dimitri · Super Member Joined: Nov 25, 2005 Posts: 5947

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