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Well-known member
- Joined
- Dec 21, 2001
- Posts
- 6,137
Ha Ha and a tip of the hat. Occam's exactly correct and both airlines held hands when they went skinny dipping together.The corporate event matters only to the dorks who believe they went "bankrupt" when their airline did.
But can anyone believe what happened to WaMu share and bondholders? The government just came in and sold something someone else owned while making the unilateral decision that investments made in good faith were nothing, meaningless, a phantom. Twenty six Billion ... gone as a result of a government bureaucrat's unilateral decision? Sold to a third party for an undisclosed price? The owners were not even in the loop. This is third world bullcrap!
First, I don't think our Constitution allows this. Second, China is now more capitalist than we are. In principle, no investment is worth anything. Our market is what, exactly?
I'm close to thinking a half million of my own money is worthless and maybe the best option is a garden in the back yard and a shotgun which eventually will be presented to "revenuers" when the property taxes on my owned property, or value to a third party, are worth taking it from me.
Sorry for the rant. Our market, isn't a market. Un-fricken-believeable. McCain isn't a smart economist, but at least he is engaged. Obama's doing what Obama does.
Maybe the name of this merger is bail out.
At least when the Russians did this the proletariat had the satisfaction of chopping the Bolshevik's heads off.
Three of five of Lenin's economic cornerstones of his "New Economic Deal" were accomplished within the last week. Bush's legacy IMHO. The Executive branch stops on his desk. History will not be kind, unless they re-write history to a state approved version.
I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.
Thomas Jefferson
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