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Originally Posted by GMAN
I wonder if some of these investors we are bailing out are part of the oil futures crowd? :angryblue:
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You can bet they are. The Automotive Investors too.
It is a shame that a lot of little folks lost money. Those I feel sorry for. :tears:
But the mega-bucks people, those who manage the "Funds Markets", those are the ones that should be shot. They are the ones who ran up the "Home Mortgage" markets, then turned to the oil markets when they realized what they had done.
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Every one of those who got checks for millions, while the "Little People" lost their savings and retirements, should be tried for treason and shot.
Everybody is all upset over the foreclosures that are occuring. The only reason that the banks and investors are concerned, is because they don't want to own those properties, they want the inflated revenues that they feel is their reward for encouraging people to live above their means.
I was listening to one of the Senators interviewed this afternoon on Fox. I realized he was right. Let the "Big 3" file bankruptcy protection and reorganize. Yeah...lot's of people will get hurt in the short term, but like he said, long term it will be best for the country. Until I listened to the Q & A session they had today, and the analysts that were there to back up the "Big 3", I was all for bailing them out. Not now. Let them file and reorganize.