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Politics : PRESIDENT GEORGE W. BUSH
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To: DavesM who wrote (282228)7/31/2002 10:06:47 AM
From: DuckTapeSunroof  Read Replies (1) of 769670
 
You mean bailing out all investors - no matter how many millions they had in an institution... despite the fact that FDIC deposit insurance was only guaranteed for up to $100,000 of deposits per individual per institution... and then shoveling the entire cost of the bailout onto the backs of the American taxpayers?

You mean THAT was the right way to go? Bailing out ALL fatcats... and having the middle class assume the liability, even when many of the fatcats KNEW they were making risky investments, with high rates of return, knew they were over the FDIC insurance limit, and yet went ahead anyway.

If you believe that the Government should bail out all investment losses, then I'd like to get my dot com losses bailed out too, please.

I assume you'll support me in this, since you are for government (read: taxpayers) guaranteeing all investments.
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