Does Anyone feel like Bailing

[dar512]

Legalized gambling - the house always wins.

[lookout123]

Originally Posted by glatt

Watching the market a little today...

Let's say the stock market drops 25%, but then it bounces back up 25%. You get your money back. Right?

Pretend you have $100 of a stock. It falls 25%, so now you have $75.

So you now have $75, but the market goes back up 25%, so it's all cool, right? 25% of $75 is $18.75. So you bounce back up to $93.75. Nifty how that works, huh? And the fund managers make their % on the way down and on the way back up too.

What you are describing is an illustration for why the sequence of returns is so important in creating portfolios and managing them for risk. Your last statement is kind of a throw away line though. The fund managers are managing investments and risks on the way down and on the way up. They are doing their jobs, why shouldn't they continue being paid?

[Trilby]

Hey, at least Richard Fuld, #11 on Forbes list of highest compensation for CEO's, is safe. Thank god, thank god. But, he got away with only 300 million---somebody-quick!- start a telethon for this man!!

This is vile.

[tw]

Bail? Why should I bail? This is a Republican administration. That means the government will do it for me. All you lesser income people who are not entitled to my 14% Federal tax rate - you must keep working. After all, Uncle Sam will need your cash to protect our tax cuts.

But again, more socialism provided by Republican party wackos. Only poor people pay taxes. That also is Cheney socialism.

[classicman]

V - even if all that is as you say, which I think is a actually a skewed view of the situation, what did the current congress do to change that? What have they done to rectify the situation? Did they even attempt to change the regulations to pre 2000? Did they take any action to force lenders to do.....anything different or did they just throw $700,000,000,000.00 at the problem and at the same time pay themselves and another $110,000,000,000.00 in pork?

From what I can tell absolutely nothing.

[SamIam]

Meanwhile, back at the spa:

WASHINGTON (AP) - Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company's meltdown said Tuesday.
The tab included $23,380 worth of spa treatments for AIG employees at the coastal St. Regis resort south of Los Angeles even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy.

The retreat didn't include anyone from the financial products division that nearly drove AIG under, but lawmakers were still enraged over thousands of dollars spent on catered banquets, golf outings and visits to the resort's spa and salon for executives of AIG's main U.S. life insurance subsidiary.

http://www.breitbart.com/article.php...1&cat=breaking

Heh! Great minds think alike, Kitsune.

[classicman]

I'm sorry I missed where the republicans were pushing this bill and threatening if it didn't pass to pull it off their, oh so busy, schedules.

[tw]

Originally Posted by classicman

I'm sorry I missed where the republicans were pushing this bill

You mean the Fed, Treasury and White House are not Republicans? Oh. You mean all that legislation these past eight years that made businesses more responsible were not Republicans? You mean Harvey Pitts did not increase SEC funding to avoid these problems? You mean those recent changes to increase investment bank debt to equity ratios from 12 to 30 were not Republicans. Oh my god. You mean nobody is bailing the boat?

I must call my chauffeur so that I can get off this boat and take more money to the Cayman's. Socialism is now dead? Time to find a money friendlier economy. You guys keep bailing.

[classicman]

Thats more like it - You are so predictable.

[classicman]

Top 10 Tax Sweeteners in the Bailout Bill

It was a pain to copy each individually, but take a look at how congress works. Its not bad enough that we are, according to some of them, on the edge of financial ruin, and need to spend $700,000,000,000.00 of our money, but they also STOLE an extra $115,000,000,000,00 [thats over 16% additional] for their own pet projects just to get this DO NOTHING bill passed. This is only the beginning - they haven't changed the regulations, nor the accounting principles that helped create this problem. This is yet another example of the poorest leadership by our elected officials.
Honestly - this one sits at the foot of the democrats - I don't wanna hear any "Bush signed it" BS. The Dems are totally in charge of this one and pass or fail - its on them.
It just passes a huge debt on to us and - oh have you heard yet? There are already rumors of another bailout.

Thanks congress.

[BigV]

The Dems are totally in charge of this one and pass or fail - its on them.

Horseshit.

This kind of oversimplification is lazy thinking at its worst. Please don't indulge yourself like this.

The day you see a 60% Democratic majority in both houses of Congress and a Democrat in the White House--then you can honestly say it was "totally the Dems' fault/credit".

Go look for yourself, from your own link.

		Yeas	Nays	PRES	NV
Democratic	172	63	 	 
Republican	91	108	 	 
Independent	 	 	 	 
TOTALS	263	171

[Griff]

Hold everybody individually responsible. My Rep, a Democrat, voted no.

[Clodfobble]

I was reminded today of this Jim Cramer clip from a little over a year ago.

[Kitsune]

Now that we've given them all that money, everything is all fixed. See, they're relaxing and spending money, again. No tight belts at AIG, anymore!

AIG documents obtained by Waxman's investigators show the company paid more than $440,000 for the retreat, including nearly $200,000 for rooms, $150,000 for meals and $23,000 in spa charges.

"They're getting their pedicures and their manicures and the American people are paying for that," said Cong. Elijah Cummings (D-MD).

[TheMercenary]

Does anyone feel like Balling?