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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (32201)	9/29/2008 2:56:33 PM
From: Jurgis Bekepuris	1 Recommendation Read Replies (1) \| Respond to of 78667

news.goldseek.com I cannot put it better myself and I will shut up from here, since rants won't help.

To: Jurgis Bekepuris who wrote (32201)	9/29/2008 4:11:34 PM
From: Don Earl	4 Recommendations Read Replies (1) \| Respond to of 78667

RE: "Well, you have no fricking clue what you are talking about." Have you even read the half baked farce of a bill that almost passed? My guess is you're the uninformed one, lacking in clues. One of the worst provisions, aside from it being a blank check to cover losses and manipulate markets at will, is it would eliminate "mark to market" accounting, not just for banks, but for virtually all publicly traded companies. I assume that as you are posting on a thread where the subject involves real value, you like to know just exactly what you are buying when you call your broker. When you look at share holder equity, do you want to see junk bonds carried at face value? Or would you like to know the true current market value of those assets? Unless you are totally brain dead, you want transparency in making your investment decisions. Why not try reading the actual text of this joke of a bill before spouting off opinions that are based on hopeless ignorance? If you had half a brain, you would be insisting those responsible for driving our economy into the dirt be indicted, rather than bailed out. There isn't enough money in the world to fix the mess that has been created by these criminals. The only thing the bailout would do is put those responsible in a position to take everything you have left that hasn't already been taken.

To: Jurgis Bekepuris who wrote (32201)	9/29/2008 6:03:26 PM
From: valueminded	3 Recommendations Read Replies (2) \| Respond to of 78667

Jurgis: This bill was a bad idea and I seriously doubt it would work anyway. Bad assets need to be marked to market and sold. Companies that invest badly should not be rewarded. If they really wanted to do it right, they would have put simple provisions in place like salary cap on any company taking plan, elimination of retirement, golden parachute and all stock options of senior management. Their refusal to put some limits on the clowns that got us into this mess is wrong. I am not interested in paying my taxes to subsidize their salaries. Glad someone in government had the foresight to vote it down. PS - My business can still get credit. (Yes it is more expensive, but it is available)