The Bear Steans "buyout" by another Wall Stree investment banker is really a bailout by the beleagured US taxpayers of the super-rich criminals of international finance capitalism.
The Federal Reserve provided a 3 billion bucks guarantee to grease the takeover. And provided banks with a "discount window" to borrow money. (On Tuesday another key interest rate drop will likely materialize)
Younguns who believe that corporations are led by heroic "John Galts" are in for some shockers. (And you have to be a youngun to belive in randian fantasies.)
These global corps are weasels, always looking for a handout when trouble looms. Think the govt is going to give you a handout if you get into trouble due to dumb and reckless investments?
These fukkers are nothing but Welfare Hounds.
And for those younguns who thought that the Fed raises interest rates when inflation looms -- hey, surprise!
Some sharp economic thinkers believe that the Fed's loose cridit policies in the 1920s caused the stock market collapse,and the subseqeunt Great Depression.
And if you want to know what hyper-inflation is like google the history of Germany in the 1920s. A wheelbarrow full of cash to buy a loaf of bread . . .
If nations would go back to a barter system for int'l trade these parasites would not be needed.
(Some will say that the 3 bil is not tax money, the Fed will simply make a bookkeeping entry to "create" it. Right. But there are no free lunches, and they will have to inflate the money supply to "cover" it. And inflation is the cruelest kind of taxation.)
The Federal Reserve provided a 3 billion bucks guarantee to grease the takeover. And provided banks with a "discount window" to borrow money. (On Tuesday another key interest rate drop will likely materialize)
Younguns who believe that corporations are led by heroic "John Galts" are in for some shockers. (And you have to be a youngun to belive in randian fantasies.)
These global corps are weasels, always looking for a handout when trouble looms. Think the govt is going to give you a handout if you get into trouble due to dumb and reckless investments?
These fukkers are nothing but Welfare Hounds.
And for those younguns who thought that the Fed raises interest rates when inflation looms -- hey, surprise!
Some sharp economic thinkers believe that the Fed's loose cridit policies in the 1920s caused the stock market collapse,and the subseqeunt Great Depression.
And if you want to know what hyper-inflation is like google the history of Germany in the 1920s. A wheelbarrow full of cash to buy a loaf of bread . . .
If nations would go back to a barter system for int'l trade these parasites would not be needed.
(Some will say that the 3 bil is not tax money, the Fed will simply make a bookkeeping entry to "create" it. Right. But there are no free lunches, and they will have to inflate the money supply to "cover" it. And inflation is the cruelest kind of taxation.)