Friday, October 31, 2008

Hate to say I told you so... But I DID!

See today's Wall Street Journal:

On September 30 I asked, * Whom shall we be bailing out? and suggested that the answer is
Shareholders, stock brokers, corporate magnates, money people, that's who.

The article then goes on to tot up the bill at just the first three banks, Goldman Sachs, J.P. Morgan and Morgan Stanley, to some 31 B-B-B-Billion. So some five percent of the 700 billion bailout is going to disappear into the bankers pockets the minute it hits.

Good grief!!

No comments: