On Oct 27, 1:32*pm, "
wrote:
On Oct 27, 3:51*am, "Robert Green" wrote:





"BobR" wrote in message

news:25476093-2694-4484-8192-

Sorry, but that is a bunch of crap. *It was far from just the rich
elite that went running to the big daddy government for handouts. *It
was all up and down the ladder and everyone with something to lose was
in line, just some got more than others and some got nothing at all.
Take the unions at GM, they got a huge share in the company while all
the stockholders who may have depended on the income from their stock
for a living got NOTHING. *All the 401k and retirement funds who had
stakes in GM got nothing. *The pain was not evenly distributed and
neither was the payoff.

I remember Hank Paulson talking about stockholders being "zeroed out" as if
he were talking about turning out the kitchen light.

Boy, you are a piece of work. *You constantly bitch about
the wealthy and how you want to confiscate their wealth. Now
you want to reimburse shareholders? *You mean those large
pension funds, where GM was a tiny part of the asset mix?
The rich guy who had $100K in his portfolio? *The guy who
bought it two weeks before the end because it was trading
like a penny stock?

Anyone that took a loss on GM stock it was their own fault.
The stock took a long slide into oblivion and they could
have sold it at any point along the way. *Had the govt not
bailed out GM, the company would have gone bankrupt
and in bankruptcy the stockholders would have received
nothing. *Now, if you want to find folks who were really
and unconstitutionally screwed, that would be the bond
holders. *Unlike the stockholders, they were secured
creditors and should have been first in line. *Instead,
big govt, which you clearly like and support, shoved
them out of the line and put the unions in front.

*As you note, the pain

was clearly not evenly divided, as it might have been. *The ones that got
the shaft had no lobbyists to bribe the goverment into protecting their
interests, as the others did. *I am still astounding that so many people got
looted of so much money and still very few people are going to jail. *It
warmed my heart to see a Goldman-Sachs exec get indicted.

Who at GM should have gone to jail and for what crime? *Or
being a commie, do you want to just decide which capitalist
pig should be shot today?



http://www.ibtimes.com/articles/2383...upta-arrest-fi...

The Citigroup traders that sold bad mortgages to their clients and then bet
against them should be horsewhipped in public on pay-per-view with the
profits going to restore some of the investors they defrauded.

--
Bobby G.

Obviously you are ignorant of the derivative markets. *Instruments
are sold everyday in this country where the party selling it to you
bets against it. *Futures traded in NYC and Chicago being prime
examples. *Options on stocks being another. *Want to ban those
too?- Hide quoted text -

- Show quoted text -

Booby G is quite right. These people are parasites. They create
nothing.
Your grandchildren will be paying for what they have done.
The dullest hamburger flipper is of more value than the entire gamut
of these scum. He/she is doing useful work.
The "99%" are the backbone of America.

BTW the Oaklands affair has gone worldwide on Al Jazeera. They seem
to have a permanent camera crew monitoring events there. As do the
Russians.