Ed Leafe wrote: > On Apr 24, 2008, at 9:16 AM, Stephen Russell wrote: > > >> Who is getting bailed out? >> >> The government is guaranteeing the funds within the bank so if you >> had money >> there it was safe. >> > > > We are not talking FDIC insured accounts in savings banks; that was > another Republican administration. We are talking speculative > investments with companies like Bear Stearns. These are people who are > professional investors, with full awareness of the risks involved who > are getting bailed out. > > People who were sold on taking out these sub-prime mortgages, though, > are not professional money managers. In the vast majority of cases > they are regular folks who trusted their banker and/or realtor to > guide them. Yes, there are a few who knowingly took advantage to try > to make a killing, but the numbers show them to be an almost > insignificant percentage of homeowners who are faced with losing their > homes and their life savings. These folks are not receiving one shred > of support from the government, while the professionals who should > know better are being bailed out. > Yes, there were some very smart people in hedge funds that saw the disaster coming well in advance, and made a mint off the mortgage crisis.
Regards, LelandJ > -- Ed Leafe > > > > > [excessive quoting removed by server] _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
