Why the public is turning up its nose

[MikeWaters]

Here we are in a situation where very rich companies with very rich employees who made a lot of money for a long time, are suffering and going under.

We are told a massive taxpayer-funded bailout is necessary.

We are then told, that the plan is so good, that it may very well cost NOTHING, and that taxpayers might MAKE MONEY on the whole thing.

And some of you morons are sitting around wondering why the public smells a rat.

EVERYBODY WINS! WE ALL MAKE MONEY! NO PAIN FOR ANYONE!

[Indy Coug]

Originally Posted by MikeWaters

Here we are in a situation where very rich companies with very rich employees who made a lot of money for a long time, are suffering and going under.

We are told a massive taxpayer-funded bailout is necessary.

We are then told, that the plan is so good, that it may very well cost NOTHING, and that taxpayers might MAKE MONEY on the whole thing.

And some of you morons are sitting around wondering why the public smells a rat.

EVERYBODY WINS! WE ALL MAKE MONEY! NO PAIN FOR ANYONE!

The public is turning up its nose because

1. They are too ignorant to understand the underlying economics

2. They are justifiably skeptical of the government

[Ceteris Paribus]

Originally Posted by Indy Coug

The public is turning up its nose because

1. They are too ignorant to understand the underlying economics

2. They are justifiably skeptical of the government

Well said.

[exUte]

Originally Posted by Indy Coug

The public is turning up its nose because

1. They are too ignorant to understand the underlying economics

2. They are justifiably skeptical of the government

It will affect EVERYONE's 401K and retirement accounts. Not just the rich and wealthy who ripped the markets off. Unfortunately you can't separate the water from the oil at this time.

[SeattleUte]

Originally Posted by Indy Coug

The public is turning up its nose because

1. They are too ignorant to understand the underlying economics

Unlike those sad sacks with their hands out who created this mess? Tell me why they were earning multiples of the average heart surgeon's salary.

[SeattleUte]

Originally Posted by exUte

It will affect EVERYONE's 401K and retirement accounts. Not just the rich and wealthy who ripped the markets off. Unfortunately you can't separate the water from the oil at this time.

I've got time for my accounts to recover. I've got patient money.

[Indy Coug]

Originally Posted by SeattleUte

Unlike those sad sacks with their hands out who created this mess? Tell me why they were earning multiples of the average heart surgeon's salary.

ZZZzzzzzz. Let me know when you step out of your delapidated Rhetoric-mobile.

[exUte]

Originally Posted by SeattleUte

Unlike those sad sacks with their hands out who created this mess? Tell me why they were earning multiples of the average heart surgeon's salary.

in the legislation that executives at some level, get $0 in the short term and some small compensation if their companies turn around.

If they haven't stashed away some money when they were earning $40M+, tough.

And some perhaps should even go to prison........ie. Enron, MCI, etc. This current crop of CEO's are just as guilty of rigging the markets as were those at Enron, MCI.

[SeattleUte]

Indy, let me guess. Your employer was heavey into credit default swaps.

[Indy Coug]

Originally Posted by SeattleUte

Indy, let me guess. Your employer was heavey into credit default swaps.

My employer is a technology solutions provider for insurance companies. My employer has zero exposure to credit default swaps.