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Re: bajista post# 2952

Monday, 02/10/2014 10:25:21 AM

Monday, February 10, 2014 10:25:21 AM

Post# of 8472
bajasta - yes and it sure gave GM a ton of $ in 08-09 much of which still has not been paid back, and only went to pensions. Then too Solyndra got a ton and it was a the President's boondoggle among others.

Govn't all but guaranteed GE stock in 08/09 when Buffet bought a ton of its newly issued Preffered stock (unavailable to retail, I tried to get some and they would not sell it to retail, it was at like 9%+ return and I believe it was cummulative if I recall.

Yes they do get involved a lot, much of the time though they just like to gamble with taxpayer money after they have regulated the hell out of an industry and can get personal gain out of the gambling. Google a chart on the Govn't regulation growth for presidents you will see it is currently 2x++ what it has ever been with past presidents. Some good, most ideological, with the consumer paying the bill for the increased cost and job loss, since corps merely pass through taxes to us on there product cost.

Rather a sickening mess and it has been for a while now.

BOL
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