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Thread: And the bail out goes right in to the toilet

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  1. #1
    It's not a bailout, it's more of a loan guarantee package, but bailout is a nice, juicy headline.

    Heck, it's not even a $700 Billion package, that's the possible maximum amount under the package that might be put into play.

    I know the media gives the people what they want, but the press needs to bear a little responsibility to go with the obvious power they have.
    The one eyed man in the kingdom of the blind wasn't king, he was stoned for seeing light.

  2. #2
    BTW, Sara, it's not a cop out.

    The headline CNN, Fox, and others have been reporting bears no resemblance to the actual meat of the story. At least TRY to make it accurate, guys.
    The one eyed man in the kingdom of the blind wasn't king, he was stoned for seeing light.

  3. #3
    Join Date
    Aug 2001
    Location
    Michigan
    Posts
    18,335
    Thank you Sara for explaining it in terms I understand. My knowledge of stocks and such is so poor.

    All I know is that my employer uses AIG for our 403b's. I'm not sure if I should just ride this out (since I'm young) or take all my money out and reinvest later.
    ~Kimmy, Zam, Logan, Raptor, Nimrod, Mei, Jasper, Esme, & Lucy Inara
    RIP Kia, Chipper, Morla, & June

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