Remember when all our best and brightest politicians were screaming for the Social Security money to be invested in the stock market so that our retirees could enjoy those sensational returns Wall Street investors were receiving?
Funny how no one is recommending that anymore. The funny part is that it isn't a bad idea right NOW (with the market at the levels it is at). They could set up a government fund called "Social Security Investments" and buy chunks of the down and out giant companies that have been dragged down by the credit crisis (like GE, GM, etc) and negotiate insanely good deals (like the ones Warren Buffet always demands and gets) and then they should leave those investments alone, and never sell them. Sure, some would work out poorly, but overall, they would do quite well, as long as our country eventually gets out of this mess. I see this as a win/win, because the companies would get much needed cash infusions, and our future retirees would have tangible investments instead of an IOU from the government. Incidentally, all government bailouts should come with the proviso that no bonuses be paid to executives until and unless the loans are repaid in full. If the current execs don't like that, they should leave, and be replaced (and it is hard to believe their replacements could do a worse job than they did). Bruce On Sat, Dec 27, 2008 at 11:46 AM, Patrick Michael Tupy <[email protected]>wrote: > Am I the only one who thinks the 'bailout' was an end-around move to get > massive no strings attached tax-payer money into Wall Street after Bush > failed to get the huge pool of Social Security money 'privatized' > and into the coffers of Wall Street? > > Patrick > > > On Dec 27, 2008, at 9:38 AM, Susan Heim wrote: > > I agree with you Bruce. What drove Bernie Madoff was greed. As for his > "investors", greed played a part there also, but there is nothing wrong with > making a profit. The fact that the promises made to these investors was so > great, that should have been their red flag. We would all be naive to > believe that there are not hundreds of Bernie Madoff's out > there manipulating at one level or another. Look at these companys that have > been and are being "bailed out" by our representatives who deemed they > deserved it. What happened to representing your constituents. I haven't > spoken to one person that would have approved these bailouts. In fact, most > people I have spoken to were and are adamantly against the bailouts.....and > the bonuses just keep on coming!! Some of these defense attorneys....blah, > blah, blah, all the way to the bank!! > > As for the SEC being asleep at the wheel, I think it was way more than > that and wonder how many pockets go padded to look the other way. As for > tying this to movie posters, that's where most of my investment is. I know > it, I can count on it, I have it insured and I trust most of the people > involved in it. So, that combination works for me. > > Happy holidays everyone and I hope a better year coming for all. > > Sue > www.hollywoodposterframes.com > > > ------------------------------ > > Date: Fri, 26 Dec 2008 10:19:42 -0600 > From: [email protected] > Subject: [MOPO] WAY OT: What drove Bernie Madoff > To: [email protected] > > > I looked at the cnn site just now and they have an article entitled, "What > drove Bernie Madoff". > > It tells about what a brilliant man he is, and it concludes "Several people > who know Madoff say his saga reminds them of a Greek tragedy. Just like > Icarus who tried to fly too close to the sun, Bernie Madoff destroyed > himself in his unending quest for success and respect. Says Madoff's defense > attorney, 'this is a tragedy.'" > > This really offends me. He was a crook who has done untold damage to tens > of thousands of people's lives (counting the many charitable groups he > ruined) and he did so in the worst possible way, by being a confidence man > who won their trust and then betraying it. > > The people who were swindled have some responsibility, because they forgot > the old adage "if something seems too good to be true, it probably is", but > their doubts were overcome by their basic greed in wanting those great > returns, and in their belief that no one could be dishonest and operate on > that scale. > > But this crook is the lowest of the low, and deserves no sympathy and is > not "tragic" by any measure. > > What do YOU think? > > Bruce > > P.S. If one thinks this has nothing to do with movie posters, it seems an > absolute certainty there will be one or more movies made about this fraud, > and that opens the question of what title they will choose (maybe "The Death > of Icarus"?) and who will be chosen to play the lead role! > Visit the MoPo Mailing List Web Site at www.filmfan.com > ___________________________________________________________________ How to > UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: > [email protected] In the BODY of your message type: SIGNOFF > MOPO-L The author of this message is solely responsible for its content. > Visit the MoPo Mailing List Web Site at www.filmfan.com > ___________________________________________________________________ How to > UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: > [email protected] In the BODY of your message type: SIGNOFF > MOPO-L The author of this message is solely responsible for its content. > > > Visit the MoPo Mailing List Web Site at www.filmfan.com > ___________________________________________________________________ How to > UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: > [email protected] In the BODY of your message type: SIGNOFF > MOPO-L The author of this message is solely responsible for its content. > > Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [email protected] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.
