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Thread: Senators go on the bailout warpath

  1. #16
    Elite Member nana55's Avatar
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    I can't belive we are even discussing this bill. You are right they waited until it was so dangerous that congress is willing to sign anything to bail us out. Actually this bails out big business. As usual we will be screwed, except there won't be any money on the dresser for us when it's over. They clean out our wallet and leave. A very unsatisfying fu*k.
    If I can't be a good example, then let me be a horrible warning.

  2. #17
    Elite Member tkdgirl's Avatar
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    I'll tell you what, millions of Americans are pissed about this bailout. News stories are springing up all over the place.

    Make sure you contact your elected officials and tell them how you feel!

    A government big enough to give you everything you want,
    is strong enough to take everything you have. ~Thomas Jefferson

  3. #18
    Elite Member ana-mish-ana's Avatar
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    Buffett's Berkshire betting $5 billion on Goldman

    Wednesday September 24, 12:09 am ET
    By Anna Jo Bratton, Associated Press Writer

    In big vote of confidence, Buffett's Berkshire buying at least $5 billion stake in Goldman


    OMAHA, Neb. (AP) -- One of the world's shrewdest dealmakers is betting $5 billion of his investors' money that the U.S. financial system is not about to collapse. Warren Buffett's Berkshire Hathaway Inc. said Tuesday it investing at least $5 billion in Goldman Sachs Group Inc., a huge vote of confidence for one of the survivors of the credit crisis that felled two of its investment banking peers.

    In addition to buying $5 billion in preferred stock, Berkshire also got warrants to buy another $5 billion in Goldman's common stock. Goldman also said late Tuesday it would raise another $2.5 billion in its own public stock offerin
    And heres another article on this
    http://www.nytimes.com/2008/09/24/bu...24goldman.html

    Isnt Paulson a former CEO of Goldman Sachs?

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