Tuesday, December 09th, 2008 | Author: admin

Yesterday i was watching CNN in the background as i worked and they were talking about the economy, and showed what stocks were at last year this time and currently. im just glad i don’t own much stock

Well I don’t blame bush fully, majority of this happened when his policies of deregulating the markets, bush thinking the banks would not be dumb enough to give money to people that can’t pay it back / banks would be smart enough to survive without regulations. Have you heard of a Canadian bank asking for a bailout? they are actually making a profit! Canada has regulations with the type of loans a bank can give and the % chance the loan will default.

And now the car companies want a bailout Fuck that, why isn’t Nissan or Toyota getting a bailout?
most of Toyota’s cars are built in the US and Canada now so the playing field is leveled.

Gm, Ford and Chrysler want 30 billion, Gm stock is currently worth 3 billion only, am I the only one who mentions this? so giving Gm around 15 billion when all their stock can be bough for 3 Billion!
I would let Gm File for bankruptcy so they can get rid of their built up debt, then start over!

And where is my Bailout? I want free money too

Category: Economics
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