strangeanimal: (obama)
[personal profile] strangeanimal
How Wall Street can bail itself out

I think this is brilliant. Billions of dollars are traded on Wall Street daily. Even a tiny percentage of that adds up to millions of dollars a day, that is being generated by investors, which will be used to repay the "bailout".

The 'little people', who have a few stocks or whatever in their retirement funds, end up paying a few pennies. (Which, don't forget, we already pay in brokerage fees, commissions, etc.) This fee/tax/whatever won't bankrupt anyone.

The big players, many of whom got the markets INTO this mess, end up contributing their share to get the markets out. And since these people are ON Wall Street, or have huge investment portfolios, they're paying a small percentage to save their own asses... if you can make million-dollar trades, you have the assets/liquidity/whatever to absorb the few hundred bucks on top of the million. Again, this won't bankrupt anyone.

The (briefly) economics major in me would love to see this happen. The journalism school graduate knows there's no hope in hell, and that something ridiculously risky and convoluted will be passed instead. :p
From:
Anonymous( )Anonymous This account has disabled anonymous posting.
OpenID( )OpenID You can comment on this post while signed in with an account from many other sites, once you have confirmed your email address. Sign in using OpenID.
User
Account name:
Password:
If you don't have an account you can create one now.
Subject:
HTML doesn't work in the subject.

Message:

 
Notice: This account is set to log the IP addresses of everyone who comments.
Links will be displayed as unclickable URLs to help prevent spam.

Profile

strangeanimal: (Default)
strangeanimal

February 2009

S M T W T F S
12345 67
891011121314
15161718192021
22232425262728

Style Credit

Expand Cut Tags

No cut tags
Page generated Jul. 28th, 2017 12:50 am
Powered by Dreamwidth Studios