These big money grubbers make me sick!
By redkathy
@redkathy (3374)
United States
November 19, 2008 6:31pm CST
A piece of news clipped from a report on foxbusiness.com.
"Nearly all 30 components of the Dow fell by more than 2%, led by Citigroup (C), which lost nearly one-quarter of its market cap, sinking to levels unseen in 13 years. Financial giants JPMorgan Chase (JPM) and Bank of America (BAC) also took double-digit falls and General Motors (GM) hit a fresh 66-year low as it argues its bailout case to Congress."
Aren't these some of the guys who just got a ton of money? Now the auto makers. I say NO WAY, let them fold!
"There was no shortage of bearish headlines pulling the markets down: a prediction by the Fed for economic contraction through the first half of 2009; financial stocks losing 10% of their value; and the biggest monthly drops in home construction and consumer prices in history."
Rant Rant and more Rant This makes me sick. All the people should pull their money and crash the market. Stick the cash under the bed and forget these banks, unions, and government businessmen! 
In summary, the giants are loosing so not only do we have to loose, but we should foot the bill too, right?
In summary, the giants are loosing so not only do we have to loose, but we should foot the bill too, right?4 people like this
6 responses
@redhotpogo (4401)
• United States
20 Nov 08
its horrible. these bailouts won't help anything. these companies are going down, because they are failed companies. Not because of the economy. But because of their horrible business practices in a bad economy. Bailing them out is only going to drag everyone down with them. Let them sink. Others will rise up in their place. Goodbye GM Ford and Chrysler. Hello Hyaundai, Kia, and um..... Tonka.
@dawnald (85135)
• Shingle Springs, California
20 Nov 08
Yeah I agree with you but at the same time I just hate to think of all the jobs that are going to be lost before this whole mess is over! :-(
@ahgong (10064)
• Singapore
20 Nov 08
ha ha ha ha ha... and what can we do other than gripe?
If everyone share the views like you do, the market probably would not have gone into the situation that they are now.
But for people like me who don't dabble, well, I should be griping more? No?
Think of it this way. This little bubble burst is bringing a lot of prices down.
And making things a little more cheap to afford.
I sure hope there will be more news of lower prices in the coming months!
@ANTIQUELADY (36440)
• United States
20 Nov 08
looks to me we have been footing the bill too long. if some of them had to live like i do[i'm happy] they would think they were on poverty road. let theem find how real people live it's past time.
@savypat (20216)
• United States
20 Nov 08
I agree, I certainly feel I run my business better then these people, of course I don't take my profit first and leave my workers to divide the after tax and expenses leavings.
@marquitafox (333)
• United States
20 Nov 08
I think this is crazy!!How on earth it it our responsibilty to bail them out.Give the money to the people so we can afford to but the cars they sale.You know they jacked up the prices when they started to go down,how the heck was they gonna sell them?How would we afford them?This economy is going to s**t.
