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To: Skywatcher who wrote (65105)	9/24/2008 6:46:27 AM
From: Broken_Clock	Respond to of 118717

From: SliderOnTheBlack 9/24/2008 6:21:59 AM 1 Recommendation Read Replies (1) of 11944 If Buffett gets 10% on his $5b for Goldman, what rate of return do the US Taxpayers deserve on their $700b+ that's going to go to lesser quality banks? And come to think about it, with the DOW up over 100 points on the news last night, and with Asian banks up today, with everyone from Buffett to Asian Banks now saying they're willing to invest in US Banks, why do we need to be bailing out anyone? Let the Banks pay higher FDIC insurance rates... and let THEM fund the FDIC pay out... instead of a US Taxpayer bail out. Goldman & Morgan Stanley now have the Fed window, Buffet, and Asian Banks willing to give them billions. This bailout plan is like taking out a 125% LTV 2nd Mortgage on America's economic future. Did we not learn anything about debt from this crisis? Buffett gets to go to the head of the line and gets a 10% return on GS, along with warrants to buy $5 billion of common stock at $115 (8% below the close). What "terms" do you think Congress is going to negotiate for you and I? And why do fat cat insiders like Buffett get these sweetheart private deals right before you and I get forced to pump hundreds of billions of dollars in behind him, giving him an instant windfall? We're not just bailing out the likes of Goldman, were making the rich insiders who just got to "cut in line" - richer. ...Buffet just made $700 million over night! Get ready to bend over and assume the Governmental position. SOTB PS: What we need right now is a one million man march on Washington D.C.... a million angry God fearing, Gold loving, Gun toting, pissed off, and not going to take in any more Americans. They will not fear, respect, or act upon anything less.