Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (85183)	9/17/2008 9:00:51 PM
From: Katelew	Respond to of 541812

We are in uncharted waters with the financial markets.....no telling what the government will end up 'owning'. Tonight on CNBC I just heard a credible source say that floor traders and market makers are ASKING for regulation, lol, because the market is whipping so viciously. It made me think of the saying 'there are no atheists in foxholes'. Guess there are no free marketeers when market forces move against you. Sheesh....

To: Cogito who wrote (85183)	9/17/2008 9:10:21 PM
From: epicure	Respond to of 541812

I always enjoy NPR- and today they were talking about AIG. Funny quote- and I know I've heard it before- but it was like "Everyone wants to privatize gains, and socialize losses..." So true Their guest was saying that in terms of AIG- how if it were doing fabulously well, no one would be saying- "Let's share that gain with the US taxpayers by letting them own the company." Sure, the US would get to tax whatever money didn't get diverted to tax shelters, and actually wound up as income- but owning the company if it were doing well? Not a chance.