Shephard Smith on Fox Situation Room (New)

[enjerth]

Speaking about investment banks, he said a number of things which he summed up by saying,

"When they're doing well, you don't own them. But when they SHIT THE BED then YOU OWN THEM!"

He was saying that in this failed capitalistic society, when the big guys do well their CEO and upper management take home shitloads of money, but when they fall apart our socialistic government steps in and makes the taxpayer carry the burden of failures.

I like this guy.

[acptulsa]

Privatize the profits, socialize the losses. A more fascist ideal I cannot imagine.

[angelatc]

Watching CNBC, they're reporting that the Democrats are holding out for foreclosure help and a cap on CEO pay.

Barney Frank says that the bail out probably won't cost $700 billion. (cough cough).

One of their special guests said this plan isn't enough.

Oil is up to $125.05.