McCain doesn't want Mortgage Bailout

dstark
Wed, 26 Mar 2008 00:55:44 +0000

“Once again, the CEO’s of these companies are losing hundreds of millions out of their own pocket. Explain how they’re being bailed out. Surely selling their stock $10/share isn’t a bailout.”

Because if they weren’t bailed out, they would lose a lot more. ;)

A bailout doesn’t necessarily mean being made whole.

Without this bailout, Bear Stearns would be trading for 0.

Then there are all the companies that would be affected by Bear Stearns going under.

Then there are the firms like JP Morgan that are benefitting by both the Fed’s cut of interest rates, and the Bear Stearns bailout.

Every bank in the US is benefitting by lower rates. All the major investment houses are benefitting by lower rates. (Lower rates are very beneficial when you leverage your company 30 to 1).

Then there are all the companies that are benefitting by the Federal Reserve taking their crap loans as collateral.

But there are plenty of articles in Bloomberg, the WSJ, the NY Times, The Economist, Marketwatch, Reuters, etc. documenting what is going on right now.

Mini isn’t lying. I’ve been writing about this for a long time.

I’ve been trading professionally in the financial markets off and on for 27 years.

I am so tired of the bs.