Privatize the Profits; Socialize the Losses – The American Dream

[Decadent Ambition]

It looks like the US Government is quite the charmer and a responsible fiduciary trustee. Why must it pour a large amount of money into Freddie Mac and Fannie Mae in order to keep them from collapsing? Whatever happened to market taking care of itself no matter how much it hurts. Printing more money (liquidity)/opening the discount window is no solution. It's just postponing the inevitable--the total collapse of the financial system. Is this how the whole economy has been reduced to, borrow cheap money!! Now investment banks can do, next GM and Macy's. In a decade possibly every US citizen and illegal immigrant will be given access to the discount window too.. So much for the ''free market economy''.

 

Chris Dodd had the audacity to come on CNBC earlier and say these firms have enough liquidity. Do these people take shacabka for fools!!! It will be interesting if Obama chooses him as a VP.

 

Why the media, wall street, pundits blame shorts when its obvious they play a pivotal role in maintaining a market equilibrium and exploiting arbitrage wherever they maybe. We will see how shorts will be covered till Friday now that capitulation point is delayed further :evil: . I am certain shorts will call their bluff and short FRM/FNM to zero. Maybe some of you somaliaonline deeper thinkers and hands on Wall Streeters have a better inside feel.

 

Is Jim Rogers of Rogers Holdings the only sane fun owner/manager yank left when he rightly put Fannie/Freddie bail out as 'unmitigated disaster'. No wonder the dude moved to Singapore.

 

Is this the end of US Government AAA rating? Will Bush, Zimbabwe Bernanke, Paulson, CNBC jerks turn the US into a military state. How do yanks here see whats unfolding. Looks like the US Government is heading for a slippery slope or is being prepared for a socialist system.

 

Overall Marekan never looked more tempting to invest in. I am only familiar with the financial sector so Introducing Broker for small players and Broker-Dealer for those with decent liquid assets. For both these you can have structured managed accounts on behalf of investors and jump in now that things are bleak. Maybe yanks here in somaliaonline will shed some light on better investment opportunities.

 

What are you guys doing about it. Anyone intending on leaving the US or possibly investing more. Let's hear them folks.

 

Walee marekan balaa heesato. Somalida maxey dhihi jirtay wixii la qariyabo qurun baa ku jiro

 

Good luck to my somaliaonline American friends and let's hope they make it through alright.

 

PS: Those of you who bank with Washington Mutual and National City should be on the look out. You don't want the FDIC pulling another IndyMac on your money, especially if you have more than 100k in an individual account. Reero Ohio is ilaaliya.

[Pujah]

^^ It's interesting that the Whitehouse was blaming this on Sen. Schumer yesterday because of a warning letter he sent mid last month.

[Faarax-Brawn]

You must have been listening to talk of the nation ya Likashing.

 

That,my dear freinds is the ultimate american dream. Sock it up to the little guy while the fat cats get away. Nevermind the CEOs of both Fmack & F/Mae made millions in bonus last year.

 

That is you immigrants need to contribute to Sen.Obama's campaign to defeat these thugs.

[Decadent Ambition]

Pujah Schumer seems alright, lets hope he will pull the same on Wamu, National City, Lehman. I am short on all of them.

 

Faarax dude I am not a yank but If I were one I would move to my brother's ex resident state CT and see to it Dodd is gone. Looks like my brother was right about Dodd, he is a douche and a liar walahi. I am just bitter that the damned Fed and its goons are savings two dead cats(FRE/FNM) and slaughtering me(shorts) along the way. What a sad day

 

If there is one thing I learned from this is to never go against Goldman Sachs and whatever they say. Them, the committee on foreign relations and Rockefeller cult own yankland and its inhabitants.

[Castro]

Where's Jesse James when you need him, eh?