2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 393.24

+1.1%

Dec 11 4:00 PM EST

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To: TobagoJack who wrote (26049)	12/5/2007 7:11:49 PM
From: carranza2	Read Replies (2) of 218428

From a purely selfish standpoint, I love the Paulson proposal to death. It has no relief for lenders and holders of CDOs and other assorted garbage. None, pure socialism. Pure electoral politics. Yeeehaw! My SKF will get hit hard tomorrow as the weak panic but not later as the slow realization sets in that the lenders, CDO holders, and the rest of the 'poor folk' to which the Wall St. scamsters sold garbage to are screwed, screwed, screwed by this program. Perhaps their relief is in the fine print. Or sneaked in later, when no one is watching and euphoria is high. From a public policy standpoint, it sucks. It rewards imprudence, punishes the thrifty, sets a banquet for grasshoppers but kicks ants in the teeth. From a purely personal standpoint, I was scared to death that lenders and holders of the CDOs and other investment vehicles would be let off the hook. That would have led to a rational tanking of our financials short. I suppose everything is just fine now, huh?

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