Ferrari Mailing List: Re: Latest Govt Action

[Michael James (cavallino_rapante]

Welcome to the wonderful world of Bank Business DE-Regulation, my friend....but 
I'm sure the Republican-led Federal Reserve never saw this coming in the past 
eight years to do anything about it.....enjoy the fruits of Neo-Conservative 
financial responsibility.  Don't worry, it will all be over soon.
 
Wonder how McSame will be able to finance his campaign now that all his 
Banker-Buddies have now gone bust.....thank goodness the Oil Lobby still has 
money....
 


--- On Wed, 9/17/08, LarryT <l02turner [at] comcast.net> wrote:

From: LarryT <l02turner [at] comcast.net>
Subject: [Ferrari] Latest Govt Action
To: "Michael" <Cavallino_Rapante [at] yahoo.com>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Date: Wednesday, September 17, 2008, 7:07 PM

    What follows has nothing to do with Ferrari's or even normal cars -
unless you see the nonsense the govt is doing as severely limiting future
financial income which will affect people ability to buy and maintain gorgeous
Italian machinery!  

    If this is beyond your threshold of pain at the moment, hit the delete key
now - 

    OK, Time to vent, I'm just a simple little guy - watching all these
major companies being pushed and dragged into Chapt 7 by govt regulations, poor
management or criminal activity - perhaps 1 of these or all 3

    Yet the govt uses *my* tax money to save them.  What? Why?  Sure, they
employ people - often lots of people yet keeping a poorly managed/criminally
managed/govt managed company kept going by pumping more or *my* money into it to
ostensibly save it.  WTF? Let'em die.

    Banks and brokerage houses go out of business or get bought almost weekly! 
And the world doesn;t end - same for insurance companies - some come, some go. 
Life goes on.

    What am I missing?  I hear the govt has been pumping money into Fannie and
Freddie - 2 more semi-govt companies being run into the run by govt regs
demanding loans be made to people who cannot afford to pay the loans back - yet
these companies are getting ~$800 Billion of mine and your hard earned dollars! 
The same govt that created the problem is throwing more money at it!  We keep
getting shoved farther and farther into the failure that is spelled
"Socialism".   

    All this money being thrown around pushes us farther into debt - my dad
told me long ago you don't get out of debt by going farther into debt!   The
worst thing that ever happened was when Chrysler successfully remained in
business and paid back the govt loans - setting the precedent for others to
follow - but naturally the others fail.  I suspect neither of the top contenders
can spell "Economics".   (Correctly, that is.)

    And the clowns in the beltway think the govt can run the
companies/industries better?  Are they crazy?  All that does is provide deeper
pockets for the crooks to reach into - just like the money we send to foreign
countries - it seems to seldom get used to feed starving people - it ends up
buying villa's in the south of France for the top few crooks!  I must admit,
Isreal seems to be the exception - they use the money to buy things to protect
themselves.  At least that's my perception.

    Sorry to go so far off topic -- I hope no one was offended.


Take Care,
Larry T
http://youroil.net
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