Baalout of Baalam

This was good,they really dont want us to understand, some choice tidbits....

Understanding the Bank Bailout by Mike (in Tokyo) Rogers

….First let's get a grip on Toxic Assets….What they mean by "Putting a value on Toxic Assets" is "How to put a value on something that no one wants to buy?" Now, do you see? It's simple.

…..Imagine that you are having a garage sale….Well, most people would do something stupid and sell the stuff for cheap just to get rid of it all... Don't make a whole heck of lot of sense when you really stop to think about it, now does it? This is why there are so many losers stuck where they are and the Big Boys, well shucks, we're players!

….Remember Wood Shop in Seventh-Grade? Remember the crap you made there, but your mother loved it because you made it?..... For today's economics lesson, I'd like to use the salad fork & spoon (I'd also like to use it for dinner – just a little humor there). Now what is the value of that salad fork and spoon? Is it a Toxic Asset, or a precious childhood memory?

…Considering this, what's the true value of the salad fork and spoon? Probably about 0 cents, not even good for firewood. But what's the price of something that you made as a child? Something that's irreplaceable, and priceless? Let's low-ball it at, say, $225,000.

That was easy, wasn't it?

Laugh now, but think about this, my friends: If someone, like Hank Paulson, came up and offered you $225,000 for the salad fork and spoon you made in Seventh grade, don't tell me that you wouldn't sneak into your own mom's house and steal those things back and sell them to him. In fact, I'd wager you'd do it for even 1/10th the price.

Stealing from your own mother! Shame on you.