Where does it end?

[kygorski]

Now the bankers are trying to figure out how uncle sugar can bail out Lehman bros. Why not just call the bail out an economic stimulus, and make out checks to all the banks, just put in a one and let them add the zeros.Heck maybe we could give the execs a golden achievement award check along with the bonuses t5hey hardly worked for, uh I meant worked hard for

[DJD]

Yep where does it end? Gubment has become nothing more than a large corporation buying out weak and ill run business' only to make us pay for the bailout in the long run. I guess my Dad was wrong....money does grow on trees (gubment trees)!

[Grumpy]

It will end right after the election. Now the Democrats in congress are propossing a 25 Billion Dollar bailout package for the Detroit automakers (accoring to an article in todays Courier Journal). COINCIDENCE a new poll shows that McCain is now ahead in Michigan electoral votes, surprise, surprise, suprise!!

It is strainge that they want to let the economy/markets work on their own when it comes to gasoline but they want to bailout Union dominated industries. Very interesting.

Grumpy

[kygorski]

CEOs of banks belonged to unions? Unions did not build gas guzzlers of thier choice, they just did the work.To bad the bank execs didn't do thiers.

[DJD]

This morning on Fox they reported that some of the CEO's are walking away with ALOT of money. Something seems wrong with that huh?

[Grumpy]

Don, Why is it that no one thinks it's strainge when these companies buy out the line workers but everyone thinks its strange when they buy out a CEO? Like so many other things, the practice is the same it just a matter of degree and dollar amount.

It reminds me of the story about the "poor boy" college kid that was rooming with a "rich kid" and kept watching all the things the money guy could do. He kept asking how it felt to be rich, so one day the rich guy told him he had been invited to a debutant ball but he really didn't want to go because he didn't know any of the girls and asked the poor boy if he wanted to wear his tux and borrow his Mercedes and go in his place. The poor boy jumped at the chance.

At the Ball he saw one particularly nice girl and danced with her several times. During the last dance he asked "Would you sleep with me tonight for $20,000.00?" The girl thought about it for a bit and then said YES.

He then asked "Well would you sleep with me for $20.00?" And she screemed, $20.00 what kind of a girl do you think I am?

He said, "Well we have already established that, now we are just haggling about prices!"

Gruimpy

[DJD]

Don, Why is it that no one thinks it's strainge when these companies buy out the line workers but everyone thinks its strange when they buy out a CEO? Like so many other things, the practice is the same it just a matter of degree and dollar amount.

It reminds me of the story about the "poor boy" college kid that was rooming with a "rich kid" and kept watching all the things the money guy could do. He kept asking how it felt to be rich, so one day the rich guy told him he had been invited to a debutant ball but he really didn't want to go because he didn't know any of the girls and asked the poor boy if he wanted to wear his tux and borrow his Mercedes and go in his place. The poor boy jumped at the chance.

At the Ball he saw one particularly nice girl and danced with her several times. During the last dance he asked "Would you sleep with me tonight for $20,000.00?" The girl thought about it for a bit and then said YES.

He then asked "Well would you sleep with me for $20.00?" And she screemed, $20.00 what kind of a girl do you think I am?

He said, "Well we have already established that, now we are just haggling about prices!"

Gruimpy

Ha ha Yep I heard that one before!
Naw, I guess I was thinking about Lehmans filing Chapter 11 and I really didn't know what the actual details were on their debt and assets. My first instinct anymore when it comes to these bankrupt corporations is why don't the officers who ran the bidness into the ground field more of the responsibility.......translation less money in their pocket if the debt outweighs the assests of course.

[Grumpy]

Don, If you heard it before, why didn't you stop me? You know how hard it is for me to type this stuff!! (smile)

Grumpy

[Bobby Headrick]

Today the fed's bailed out AIG. I am sorta glad as they insure my pension, and I belive a lot others also. I think they insure the pensions of State and Fed workers, so this bailout was done.