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Politics : Politics for Pros- moderated
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To: KLP who wrote (292387)2/14/2009 1:34:21 PM
From: Neeka  Read Replies (1) of 793955
 
After awhile these articles seem to all seem to meld into one giant question mark. Bass is just another of those privileged insiders who is smart and makes profits. He's being quite disingenuous when he says; "We're not profiting off other people's demise," I'm sorry.......us small investors will never ever get access to these financial windfalls, and imo most of these guys spend their every waking moment dreaming of how to get rich, which is almost always paid for through small investor contributions.

I was wondering last night how many times in our history has our govt had to prop up the economy through economic stimulation? Honestly........I don't know.

A lot of people are saying this is like many other recessionary events and that our economy always pulls through, and like everything else, this is part of a cyclical trend, but until trust of the market is restored, people aren't going to invest.

The Stimulus Package was supposed to do that, but I don't know anyone who is saying this brilliant piece of work will restore confidence, which will restore markets.........just the opposite.

I know for the foreseeable future, I'd rather keep my money under the mattress.

"What we did is we made a very simple bet, and that very simple bet is that synthetic-CDO managers were over-levered, and they had no idea what they owned. It was two professional investors that made these bets. An individual can't come in and make these bets."
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