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View Full Version : Wall Street may not participate in bailout


Aggie Hoopsfan
10-05-2008, 02:10 PM
Hmmm, granted it's a UK paper, but still...

It would say a lot about D.C. that both the taxpayers of America and the execs of Wall Street all say it's a stupid plan and tell Congress to F off.

http://www.guardian.co.uk/business/2008/oct/05/wall.street.bailout
Nbadan
10-05-2008, 02:12 PM
It's congresses answer to everything - throw money at it and hope the problem goes away...but money ain't gonna loosen the big banks pockets this time...
boutons_
10-05-2008, 02:36 PM
"execs of Wall Street all say it's a stupid plan"

the bailout is for them, esp Goldman, how could they be against it?
baseline bum
10-05-2008, 02:44 PM
"execs of Wall Street all say it's a stupid plan"

the bailout is for them, esp Goldman, how they be against it?

Because the bailout allegedly limits executive bonuses.