Comments on: U.S. House to Nation: Drop Dead http://www.RexBlog.com/2008/09/29/18315?utm_source=rss&utm_medium=rss&utm_campaign=us-house-to-nation-drop-dead Rex Hammock's Blog Sun, 15 Jan 2012 04:37:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: bosacks http://www.RexBlog.com/2008/09/29/18315/comment-page-1#comment-297707 bosacks Tue, 30 Sep 2008 12:57:38 +0000 http://www.RexBlog.com/2008/09/29/18315#comment-297707 As a man with more opinions than Bayer has pills, I can’t drum up an opinion on the molecular science of Wall Street as it is manifested today. I don’t get it. What I do get is that it is all about greed and screwing the other guy… any guy… but that is all I understand. I don’t understand “shorting”. I know what it is and what it does, but I don’t get it. I don’t get derivatives,whose values depend on the value of other underlying financial instruments. Huh? But I do get Main Street. I have a store I sell hammers. I buy them for $1 and sell them for $2. I understand newspapers and magazines. I make a magazine and it costs me $1 to manufacture and another $2 for the staff who writes it and produces it. I sell it for $5 and I make a profit. I do not understand the $700,000,000,000 bailout. I am for it, but only my version of it would have more controls and much more bias than "Vlad the Impaler". But that is just me. I’m a simple man with simple logic. Help Main Street survive this mess, and put the heads of wall street firms on pikes outside the city gates. Oh, and that would be without the parachutes. Vlad didn't believe in them and neither do I. BoSacks -30- As a man with more opinions than Bayer has pills, I can’t drum up an opinion on the molecular science of Wall Street as it is manifested today. I don’t get it. What I do get is that it is all about greed and screwing the other guy… any guy… but that is all I understand. I don’t understand “shorting”. I know what it is and what it does, but I don’t get it. I don’t get derivatives,whose values depend on the value of other underlying financial instruments. Huh?

But I do get Main Street. I have a store I sell hammers. I buy them for $1 and sell them for $2.
I understand newspapers and magazines. I make a magazine and it costs me $1 to manufacture and another $2 for the staff who writes it and produces it. I sell it for $5 and I make a profit.

I do not understand the $700,000,000,000 bailout. I am for it, but only my version of it would have more controls and much more bias than “Vlad the Impaler”. But that is just me. I’m a simple man with simple logic. Help Main Street survive this mess, and put the heads of wall street firms on pikes outside the city gates. Oh, and that would be without the parachutes. Vlad didn’t believe in them and neither do I.
BoSacks
-30-

]]> By: Mike Cane http://www.RexBlog.com/2008/09/29/18315/comment-page-1#comment-297667 Mike Cane Mon, 29 Sep 2008 22:22:28 +0000 http://www.RexBlog.com/2008/09/29/18315#comment-297667 Congrats, Rex, on digging up that iconic Daily News cover! Congrats, Rex, on digging up that iconic Daily News cover!

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