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| quote: | Originally posted by DJ RANN
On a serious note, what the shit is going on with government bailouts?
I know the arguments for it: it will affect the average person, the trickledown etc.
But WTF?
So profits are privatised and losses are nationalised?
So basically, these bankers (with a "W") make historically obscene amounts of money through unethical practices and now they begin to make a loss, the tax payers have to pay for it?
Go Bush. |
the reason behind the bailout is the ripple effect that these huge institutions could cause if they fail. but it's funny why we are the ones bailing out aig when the company runs a multinational business. if someone is going to bail them out, why is it only us and not other countries?
as for goldman sachs survival, i think their case is pretty different than the ones that already failed. so far goldman sachs had no losses of earnings. last reported earnings were profit of $800m. it sure isn't a big number as usual but it still isn't a loss. the market is beating it because people are trying to take advantage over the current trend, the fear and the hype. everything is getting beaten for no reason and goldman isn't alone. apple shares even went as low as 122.
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