Saturday, November 5, 2011

Bailouts nice work if you can get them

A bank is a pool of money put together for the goal of making profits by investment.

So if the investors do this wisely they make their profit..if they do not, they lose their investment capital.

Fair...risk vs gain.

But the bailout changes that equation.

With bailouts it goes like this:

The investors of the bank make their investments and those investments fail..so the investor go to the Congress and the Congress make good that loss with public funds...

So  the CEO makes a bad bet and the guards and secretaries are docked to cover it...becouse if they are not, they are told that the firm will close and they will lose their job.

BUT if the investment goes well, the CEO keeps the all the loot.

Best part is that this scam is being run by a "Liberal Progressive" administration who "Hate" the rich 
sort of like only nixion could go to china applied to banking.

....bull...now I know why the "rich" gave loot to Mrs. Obama at the FL meeting.

Had Republicans done this, there would have been riots...

karl

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