Does Anyone feel like Bailing

[xoxoxoBruce]

Originally Posted by glatt

Apparently it's not good enough to be inviting to anyone else in the market.

All I know is the impact this is having on my 401k, and if I look at the hit that it has taken and calculate my share of what this bailout will cost, the bailout is cheaper. Assuming it works.

So I'm in grudgingly in favor of the bailout. The alternative is a possible repeat of the 1930s.

Possible repeat?
Why should I have to pony up, to save your 401k, that I had no decision in planning and get no benefit from? Redistribution of wealth?

[glatt]

Originally Posted by xoxoxoBruce

Possible repeat?
Why should I have to pony up, to save your 401k, that I had no decision in planning and get no benefit from? Redistribution of wealth?

I can see it from your point of view. Your job is safe if we go into a depression because the government is probably your number one customer. The rest of the country faces some serious uncertainty.

My comments about my 401k were just from a purely selfish perspective looking at easily tangible figures. Potential loss of jobs is harder to calculate because nobody has a crystal ball.

Are you playing devil's advocate here, or do you really not understand that allowing our banks to crash will be bad for the economy?

[xoxoxoBruce]

Yes, I am.
These are questions people are throwing at me, everyday. They know I'm a smartass, and in times like this, the forget the ass part.

Hey, my job is secure... the gumint will need helicopters to help put down the insurrections of the great unwashed.
Besides, in another year or so, I'll be retired, and a good depression would keep prices down.

[glatt]

Originally Posted by xoxoxoBruce

the gumint will need helicopters to help put down the insurrections of the great unwashed.

Hopefully I won't be one of them. I can always bathe in the Potomac to keep clean. In the summer anyway.