I guess it is the taxpayers who are going to be taking it in the ass again with another big bailout:
Stocks snapped a five-day losing streak on Wednesday, with the Dow surging nearly 300 points on optimism that a government plan to rescue ailing bond insurers is taking shape and could prevent billions more in credit losses.
The market also drew support from growing confidence that aggressive interest-rate cuts by the Federal Reserve could help stabilize the economy and support the beleaguered banking sector.
I need to get into this line of work. Make all sorts of crazy big commissions on knowingly bad and reckless business transactions, make the bad decisions on such a scale that the entire economy is fucked if the government does not bail me out, and then take big bucks from the government. All I need to do is hold my head low for a few years after the bailout, and I can get back to business as usual. I guess when they said invisible hand, they meant the one robbing the taxpaying public. Free market, bitches!
The underpants gnomes have to be kicking themselves- why didn’t they think of this shit? Seriously, I understand the benefits of a free market, but this is out of control. Someone explain to me if I am reading this all wrong.