time, but since there is influx of capital and cheap loans being given by the federal reserve to large financials, I would expect that their stocks price will stay the same or possibly rise with this news. Is the only way that these big boys can survive is to shake out the retiree's savings from investments to get their money back? Shouldn't the government put them out of business and disallow new money to fund their CEO salaries and such and allow new more responsible lenders to take their places, like Berkshire Hathaway?
2007-12-29 16:29:48 · 1 answers · asked by Anonymous in Business & Finance ➔ Investing
I mean seriously, borrow money from the taxpayers at 4% or less interest, no questions asked? Who is fooling who here? Gawd!
2007-12-29 16:30:48 · update #1
good call ska.
the govt can afford to give temporary money away at 4%.
the govt should put citi and jpm out of business, but 1st it seems to be taking the position of... attract middle-east oil money and SE Asian export money to pour money down the citi CEO bonus and debt hole with the assumption of US Govt safety net. then the govt can change the lending policy and bust citi and jpm to let berkshire take over.
or is that plan just wishful thinking on my part?
2007-12-29 16:48:17 · answer #1 · answered by expletive_xom 7 · 0⤊ 0⤋