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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (240)	9/11/2013 1:45:11 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26583

Well, it all started when the POTUS broke the rule of law by demanding GM bond holders take a loss to keep the unions intact. The rule of law as it applies to investments doesn't mean shit when there is a need for paying off political votes. The ONLY reason I think people hold bonds is they are not educated enough to understand this AND/OR they are TERRIFIED of the stock markets.

To: GROUND ZERO™ who wrote (240)	9/11/2013 1:49:12 PM
From: Kirk ©	Respond to of 26583

Also, have you ever noticed the "smartest" people in the World probably live near me (VCs, founders of companies from Apple to Zinga.) If you look at how they finance new ventures, they don't give loans UNLESS they take equity stakes as part of the package. The only "smart" person I know who makes massive loans in the form of a bond is Warren Buffett and he does it to very solid companies like GS and GE who ALSO give him a huge equity position via warrants in exchange for being able to advertise they got a loan from him....