Re: Bear Sterns vs ...taxpayers?

David T. Bilek wrote:
> On Fri, 28 Mar 2008 16:34:08 GMT, "Martha Adams" <mhada@[EMAIL PROTECTED]
>
> wrote:
> 
>> The Feds went in and bailed-out Bear Sterns.
>> This is interesting: would they have bailed
>> out *you*? 
> 
> The WaPo is re****ting that the government is, indeed, preparing a
> taxpayer bailout of people facing foreclosure.  So the answer appears
> to be "yes".
> 
> Both bailouts are bull****;  people who were responsible with their
> money and didn't participate in the greedmongering housing bubble are
> going to be taxed to bailout people who tried to get rich quick or
> took out loans they knew they could only afford if housing prices kept
> increasing.

Apparently my retirement plan, which includes CREF, lost a pile of dough 
on Bear-Stearns. I don't know for sure, but I'll make a wild guess that 
the bailout doesn't help me a bit or bring back a cent of that money.

Just remarking because the topic came up. Your post is unaffected.

Kip W