If you had purchased $1000.00 of AIG stock one year ago, it would now be
worth $56.91.
With Washington Mutual, you would have $120.36 left of the original
$1000.
With 'Fannie Mae'(FNM), you would have $11.34 left.
If you had purchased $1000.00 of Lehman Bros one year ago it would now
be almost worthless; less than $0.86.
If you had purchased RH Donelley, you would have $45.69 left.
But, if you had purchased $1000.00 worth of beer one year ago, drank all
the beer, then turned in the cans for the aluminum recycling refund you
would have $214.00.
Based on the above, the best current investment advice is to drink
heavily and recycle.
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On the other hand, if you had been a CEO of one of these companies, you would have made half a billion and would have been handed a 10 million dollar bonus as you got fired (a bonus paid for by tax-payer dollars). This is called the 401-cognac plan.
Posted by: Karlo at October 20, 2008 06:28 AM (AgQ4p)
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I am probably MORE disgusted by the bailout than you are Karlo.
My feeling is that the Government intervention will cause a more trouble than even the corrupt CEO's.
Because of FDR, the Depression lasted at least twice as long as it would have otherwise,the only thing that ended it when it did under the policies extant under FDR was WW2 ; and we'd be a lot less socialistic than we are today.
The Free Market DOES work, Govt's. role SHOULD merely to be the arbiter of conflict between parties, NOT to be a direct participant. THAT is the way the Founders set it up, and it worked well up until the social engineers came into power and started to foul up the works.
The current crises is a fine example. GOV. REQUIRED lenders to provide loans to people that were not qualified for them (greaT VOTE-GETTING POLICY!)and backed up the loans with public money..and that worked until the number of defaulters became larger than the banks' ability to absorb the losses and called on the gov. guarentee in amounts that could no longer be hidden under Fanny and Freddy's cooked books.
We should just let the market adjust itself; ride out the year or so rough spot, and then remember to not go that route again.
Posted by: Delftsman3 at October 20, 2008 11:02 PM (wt/Ku)
Woman with two HUGE Boobs
I try to keep it a family safe blog here, so I don't usually post porn pics; but when I saw this picture of a woman with two of the HUGEST boobs I've ever seen, I just HAD to share it.
I did put it below the fold to protect those with delicate sensibilities.
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You and I are thinking alike--naturally. At another and quite different site praising Obama for his intellect, this is part of what I wrote in my response comment.
"Obama is smart in that heÂ’s on the left when he needs the support of the left to get the nomination. HeÂ’s more to the center when he needs to win the election. What worries me is where is he going to be if he gets elected?"The main way to test the answer to that last question is to see what he has done before, what he has written, and with whom he has associated. Unfortunately, the answers to those questions are concealed by Obama coverups and lack of diligence by the press. We canÂ’t even see ObamaÂ’s college thesis, which, at least, would serve as some evidence of his unguarded phiosophies."
As past actions relate to character, the Democrats told us for years that character doesn't matter. It must not for a party that can only offer candidates with low character only.
Posted by: Woody at October 09, 2008 07:54 PM (Eb/8J)
An Oldie but a Goody
An 80-year old man goes for a physical. All of his tests come back
with normal results. The doctor says, 'Chuck, everything looks great!
How are you doing mentally and emotionally? Are you at peace with God?'
Chuck replies, 'God and I are tight. He knows I have poor eyesight, so
he's fixed it so when I get up in the middle of the night to go to the
bathroom, POOF! the light goes on. When I'm done, POOF! the light
goes off.'
' WOW, that's incredible,' the doctor says.
A little later in the day, the doctor calls Chuck's wife.
'Ethel,' he says, 'George is doing fine! But, I had to call you as I
am in awe of his relationship with God. Is it true that when he gets
up during the night, POOF! the light goes on in the bathroom and when
he's done POOF! the light goes off?'
'Oh, my God!' Ethel exclaims, 'He's pissing in the refrigerator again!'
