On Wall Street, shares extended Thursday's late rally, the biggest in six years, after the Bush administration unveiled a plan to buy up the toxic mortgages at the heart of the current credit crisis, at a cost of "hundreds of billions" of dollars to the US taxpayer. George Bush admitted the plan would put a "significant amount of taxpayers' money on the line".How about some regulation you fucking morons? Or how about you, our elected leaders, decide to use what you have left of my tax dollars, after you've finished funding wars I don't want, to buy "toxic" debt? For fucks sake...I am, effectively, giving my money to some fucking oily bastard investment banker to dig him out of a hole he shouldn't be allowed to dig. As he did dig himself into it, he should have been left there to rot. Free market my arse. Free of regulation at the top and free handouts at the bottom.
Warren Buffet, who proves you can make billions without being an utter cunt, and knows a bit about investing, saw this coming years ago. I dare say most governments did to, but simply did fuck all until the very last minute, when all they did was give my money to the spivs.
The proposals had a euphoric impact on Wall Street, where the Dow Jones Industrial Average leapt 368 points to close at 11,388. After a remarkable week, the surge meant the market was only down a few points for the week, despite Monday's biggest one-day plunge since 2001.So, in summary, try not to fuck up, but if you do, make sure it is a monumental fuck up. If it is, we'll give you a handout. After all, the money would otherwise be wasted on things like schools and hospitals and roads.
The saddest thing? Most people regard all this as little more than entertainment, something that happened on Wall Street and on television, in a huge Financial Big Brother House. No. It happened to you. And the upshot? We'll keep those massive divisions between the rich, who we'll bail out, and he poor schmuck tax payers who'll do the bailing. For a can of PepsiMax, two-for-one beers, pay-per-view sports and an iPhone we won't give a shit.
As you were.
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