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to say they needed money from the government. Wall Street ran out of ways to make more money, so they had to involve more players. The point is that the guys who came up with the bailout had only their interests in mind. There was no patriotic motive to save the country. They simply ran out of ways to make more money and some smooth talker got this scheme to be looked at as saving the country. Which oops did save a lot of Wall Streeters as well as making new big money makers along the way. ANd look at the cuts that congress took out of this life blood saving plan.
For all those government and big time econ0economists that say they don't know how derivatives work, here is a simple example.
I sell you a car. Deal is done. But no. Someone sells you insurance on the car. Then someone sells insurance on the insurance . Got a good deal going on now. Got to sell more cars. These guys get together and sell cars to guys who couldn't afford cars in the first place. Then these guys sell insurance to the bankers of the new bad deals so they won't get burnt when the car owners can't pay. That is a simple analysis of derivatives and making more money out of nothing. It has got to stop. It is the whole problem of our economy and the world's economy. These guys in power now are the same players that learned how to make money out of nothing. They aren't going to fix it, because that is how they grew up and it is their life and they don't see anything wrong with it.
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