Bear Stearns Bailout Was HUGE

[kewp]

Yeah, I don’t buy it either.

Bears Sterns was over-leveraged. Some of their counter-parties were as well. They probably would have all fallen if it were not for Fed intervention.

But, here’s the thing, not every bank in America is over-leverged. Some have actually chosen to forgo the insane amount of speculation of their peers and be prudent.

I personally think they should be rewarded for their prudence by being allowed to buy up their bankrupted peers assets for whatever the free market dictates.

[cr]

Yes the consequences would have been huge.

Banks, brokers, executives, traders, investors, homeowners and everyone from wall street to main street would realize dishonest business practices and a lack of a moral, intelligent, or practical approach to lending money would face the consequences of its own stupidity rather than be rewarded for such idiocy.

This county might have actually come out stronger, but not now.

Welcome to Blind Socialism: we rob from the smart and give to the stupid.

[cr]

Yes the consequences would have been huge.

Banks, brokers, executives, traders, investors, homeowners and everyone from wall street to main street would realize dishonest business practices and a lack of a moral, intelligent, or practical approach to lending money would face the consequences of its own stupidity rather than be rewarded for such idiocy.

This county might have actually come out stronger, but not now.

Welcome to Blind Socialism: we rob from the smart and give to the stupid.

[cr]

Yes the consequences would have been huge.

Banks, brokers, executives, traders, investors, homeowners and everyone from wall street to main street would realize dishonest business practices and a lack of a moral, intelligent, or practical approach to lending money would face the consequences of its own stupidity rather than be rewarded for such idiocy.

This county might have actually come out stronger, but not now.

Welcome to Blind Socialism: we rob from the smart and give to the stupid.

[cr]

Yes the consequences would have been huge.

Banks, brokers, executives, traders, investors, homeowners and everyone from wall street to main street would realize dishonest business practices and a lack of a moral, intelligent, or practical approach to lending money would face the consequences of its own stupidity rather than be rewarded for such idiocy.

This county might have actually come out stronger, but not now.

Welcome to Blind Socialism: we rob from the smart and give to the stupid.

[cr]

Yes the consequences would have been huge.

Banks, brokers, executives, traders, investors, homeowners and everyone from wall street to main street would realize dishonest business practices and a lack of a moral, intelligent, or practical approach to lending money would face the consequences of its own stupidity rather than be rewarded for such idiocy.

This county might have actually come out stronger, but not now.

Welcome to Blind Socialism: we rob from the smart and give to the stupid.

[blue_sky]

I wrote a long letter detailing my objections to the Bear Stearns bailout to my representative, Brian Bilbray. What did you do about it? (BESIDES bitch on an internet forum?)

[blue_sky]

I wrote a long letter detailing my objections to the Bear Stearns bailout to my representative, Brian Bilbray. What did you do about it? (BESIDES bitch on an internet forum?)

[blue_sky]

I wrote a long letter detailing my objections to the Bear Stearns bailout to my representative, Brian Bilbray. What did you do about it? (BESIDES bitch on an internet forum?)

[blue_sky]

I wrote a long letter detailing my objections to the Bear Stearns bailout to my representative, Brian Bilbray. What did you do about it? (BESIDES bitch on an internet forum?)

[blue_sky]

I wrote a long letter detailing my objections to the Bear Stearns bailout to my representative, Brian Bilbray. What did you do about it? (BESIDES bitch on an internet forum?)

[tangouniform]

Seeing as our “Esteemed Colleagues” in Washington seem to be on the main dumb, dirty or disinterested, I think that venting on the internet is about as effective as writing a strongly worded letter these days. The billfold, the ballot box and (as a last resort as afforded by the 2nd Amendment?) ball-tracer rounds are the way to shape the future in the US.

BTW, “…there’s no silver bullet coming around the corner soon.” has my vote as Mixed Metaphor of the Week.

[tangouniform]

Seeing as our “Esteemed Colleagues” in Washington seem to be on the main dumb, dirty or disinterested, I think that venting on the internet is about as effective as writing a strongly worded letter these days. The billfold, the ballot box and (as a last resort as afforded by the 2nd Amendment?) ball-tracer rounds are the way to shape the future in the US.

BTW, “…there’s no silver bullet coming around the corner soon.” has my vote as Mixed Metaphor of the Week.

[tangouniform]

Seeing as our “Esteemed Colleagues” in Washington seem to be on the main dumb, dirty or disinterested, I think that venting on the internet is about as effective as writing a strongly worded letter these days. The billfold, the ballot box and (as a last resort as afforded by the 2nd Amendment?) ball-tracer rounds are the way to shape the future in the US.

BTW, “…there’s no silver bullet coming around the corner soon.” has my vote as Mixed Metaphor of the Week.

[tangouniform]

Seeing as our “Esteemed Colleagues” in Washington seem to be on the main dumb, dirty or disinterested, I think that venting on the internet is about as effective as writing a strongly worded letter these days. The billfold, the ballot box and (as a last resort as afforded by the 2nd Amendment?) ball-tracer rounds are the way to shape the future in the US.

BTW, “…there’s no silver bullet coming around the corner soon.” has my vote as Mixed Metaphor of the Week.

[Author]

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