Congress votes to bail out Wall Street

[hnumpah]

"How can we have capitalism on the way up and socialism on the way down," said Rep. Jeb Hensarling of Texas, a leader among conservative Republicans who oppose the central thrust of the legislation ? an unprecedented federal intervention into the private capital markets.

Full article http://news.yahoo.com/s/ap/20081003/ap_on_bi_ge/financial_meltdown

[Xavier_Onassis]

"How can we have capitalism on the way up and socialism on the way down," said Rep. Jeb Hensarling of Texas, a leader among conservative Republicans who oppose the central thrust of the legislation ? an unprecedented federal intervention into the private capital markets.


I would say that this is because the capitalists are in charge,and to have socialism on the way up and capitaism on the way down would result in a loss of money for them. They HATE to lose money.

[Religious Dick]

And the stock market has promptly taken a dump. What do you make of that?

[sirs]

Hmm, so it dumps when thy don't bail them out, and dumps when they do??   

[Xavier_Onassis]

There is fear and there is greed. Those are the main forces driving the market.

If they passed the bill, there is fear that it won't be enough, so people sell.

If it went down enough, then greed of those who hope to sell higher will buy and it will go up.

But it's not just fear and greed, it is the expectation of the fear and greed of others.

[sirs]

So....it doesn't matter what Congress does?

[Brassmask]

Hmm, so it dumps when thy don't bail them out, and dumps when they do??   

Damned if we do, damned if we don't.

This is smelling more and more like a "jack".  They held a gun to our heads and we handed over our wallets.

[Plane]

I wonder.

I am not sure this bailout should have been renamed "rescue" and given a coat of lipstick and pork to slide it through.

I am not sure that it is the right thing and if it is the right thing I am not sure it is enough.

I am only beginning to understand where the money is going to go.

What is a word that combines "Ambivalent" with "Apprehensive"?

[BT]

"Ambivalent" with "Apprehensive"?

Xanax treated anxiety.

[fatman]

Xanax treated anxiety.

LOL

[Plane]

"Ambivalent" with "Apprehensive"?

Xanax treated anxiety.

might be a good idea.

[Xavier_Onassis]

I am not sure this bailout should have been renamed "rescue" and given a coat of lipstick and pork to slide it through.

===========================================
An interesting metaphor.

If it "slides through" when greased amply, then what does that call to mind?