Friday, October 03, 2008

Wall St. Bailout: 'Plan B' for Buffett

By Brent Budowsky
October 3, 2008

Plan A is Treasury Secretary Henry Paulson’s plan to spend about $50 billion a month buying distressed assets for resale later. With current law – and with the Paulson bill as written – the government can increase the odds of success by simultaneously executing a Plan B that tracks the recent moves of America’s most respected investor, Warren Buffett.

Read on.

5 comments:

Bryant Arms said...

The financiers are desperately trying to snooker us again. We, the taxpayers, will never see that money once Congress caves in to special interests, (as usual). If we try to get it back by taxing these businesses, then they will take the good parts of their portfolios and flee to other countries. Suckers!

If we use that money to enhance social security, then all of the retirees that lost their retirement funds in the stock market will at least be guaranteed a reasonably comfortable retirement. (The only ones who will still be unhappy are the ones trying to retire to their mansions.)

Finally! Congress has found the money to make social security work.

Let Congress know that if they get fooled by this bailout, then the only thing for voters to do is punish congress the way it was punished for the gulf war.

Bryant Arms

Anonymous said...

If John McCain is so vehemently opposed to Ear Marks, how could he vote for a bill which the Citizens opposed and which contains over $100 Billion in Ear Marks?

Anton Grambihler said...

If John McCain is so vehemently opposed to Ear Marks, how could he vote for a bill which the Citizens opposed and which contains over $100 Billion in Ear Marks?

Anonymous said...

WITH THE NAME OF G-D, MOST MERCIFUL

PEACE TO ALL WHO LOVE TRUTH, JUSTICE, AND PEACE FOR ALL MANKIND

NOW WE KNOW. THIS SHOULD HELP OUR CITIZENS DECIDE WHO CAN BE TRUSTED
TO LIVE HONORABLY, AND TO LEAD OUR NATION IN MAKING THE CHANGE NECESSARY FOR OUR SECURITY AS A NATION, AND FOR OUR ABILITY TO REACH OUT TO ALL NATIONS IN A SINCERE EFFORT TO MAKE JUSTICE,SECURITY,LOVE, AND PEACE
THE FOUNDATION FROM WHICH TO NEGOTIATE AND END CONFLICT THAT HAS BEEN USELESS TO OUR DIGNITY AS ONE HUMAN FAMILY.

VICTORY OVER INJUSTICE IS OUR REDEMPTION...SO HELP US G-D.

PEACE OUT...
missionary servant, comrade, and friend to all tribes in the ONE HUMAN FAMILY,
Sababu

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