Posts Tagged 'bailout'

US Election In A Nutshell [pic]

Christmas Cartoon – Santa Economics

original source

Bloopers, Blunders and Bailouts [pic]

I found this DVD for sale at Amazon. Believe it or not, it was released in 2004 and has absolutely nothing to do with politics or Wall Street.

Government’s Gasoline Bailout? [pic]

SHOE

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Do Not Buy GM Cars

It just gets more unbelievable everyday. GM takes taxpayer money to avoid bankruptcy, begins shutting US plants and now plans to build a new plant in China. If you plan to buy a new car, do not buy General Motors. Give Ford or Chrysler a shot.

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Bloomberg reports –

General Motors Corp., shuttering U.S. plants in a bid to avoid bankruptcy, is “likely” to build a new factory in China on surging demand.

Continue reading HERE.

Another Reason To Hate Wallstreet

Forbes reports that the oil price run up of 2008 may have been orchestrated by Goldman Sachs.

There is evidence of a malevolent hand at work: oil price manipulation by traders orchestrating a short squeeze to push up the price of West Texas Intermediate crude to the point that it would generate fatal losses in Semgroup’s accounts.

And yes, Goldman Sachs is getting bailed out.

Read the Forbes report.

Help Ziggy

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Royal Bank of Scotland to Pay £1 Billion In Bonuses

It seems that it isn’t only the US executives that are completely out of touch with reality. The UK is also infested with the same vermin.

The Telegraph reports –

“The Royal Bank of Scotland (RBS) is proposing to pay close to £1 billion in bonuses to its staff, just months after it was rescued by a £20 billion taxpayer bail-out, The Sunday Telegraph can reveal. ”

Read MORE.

Citigroup Spends Bailout Money on New Jet

Unbelievable! Citigroup takes Federal bailout money and then spends $50 million on a new corporate jet. Worse yet, they are not buying an American plane – they’re buying a plane made in France. They have no shame.

Read the sad details HERE.

Millions of Monkeys

This very short story explains the Wall Street bailout in beautiful simplicity.

“Once upon a time a man appeared in a village and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort. He next announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it! The man now announce d that he would buy monkeys at $50 each! However, since he had to go to the city on some business, his assistant would buy on his behalf. In the absence of the man, the assistant told the villagers: ‘Look at all these monkeys in the big cage that the man has already collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each.’ The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars.

They never saw the man or his assistant again, only lots and lots of monkeys!

Now you have a better understanding of how the WALL STREET BAILOUT PLAN WILL WORK !!!!”

Here is the original post.

Government Bailout


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