The bailout is un-American

Dear Sen. Dodd, I am a resident of Connecticut and I vote. In addition, I work on Wall Street. For years I have been warning people against what is currently happening in our equity and credit markets. Some of us on Wall Street are not shocked by these events; they did not suddenly appear. Full Story »

Posted by Stephen Pizzo
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Subjects: World, Business
Topics: Global Economy
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Posted by: Posted by Stephen Pizzo - Sep 27, 2008 - 7:50 AM PDT
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Stephen Pizzo
4.0
by Stephen Pizzo - Oct. 1, 2008

While we hear a lot of scare talk out of Washington and Wall Street about what "will happen" if we don't pump a trillion taxpayer dollars directly into economy's veins, some are warning that will only make things worse. Inflation looms as the US Treasury tries to provide liquidity in a market where the most knowledgeable players have so little confidence they won't even lend to one another.

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Patricia L'Herrou
2.8
by Patricia L'Herrou - Oct. 1, 2008

this is a disgruntled manager, a 'capitalist' believer in 'small government' in the financial sector expressing strong anger at chris dodd and the congress for just the idea of 'bailing out' the financial system. he assures us readers that the markets are going to decline no matter what gov't does, and that the 'free market' is the remedy, and more importantly, he tells us that it will not hurt the average american more than what's been happening. unfortunately we can't know and why should we believe he knows?

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Naomi Isler
3.0
by Naomi Isler - Oct. 1, 2008

This is a rant. On the one hand the writer says there should have been intervention earlier, on the other, that Congress has no business in free markets. Wanna bet that had Congress, or Treasury or the Fed tried to intervene earlier the writer would have been screaming about unnecessary government intervention?

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