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View Full Version : It doesn't seem right.



Farmersfan
10-01-2009, 08:10 AM
While the entire country is in a tail spin and our Government is spending Billions to bail out financial institutions, this man is able to increase his net worth three fold. Why does this not sound right to me? These "distressed" assets that Beal bought up were part of the reason that the Billions were needed to bailout other companies. One man makes billions while another man loses billions and gets help from the tax payers........................
I think we need to find out if any of these distressed assets that Beal purchased at a reduced rate where from companies that received bailout money from the government........


http://www.dallasnews.com/sharedcontent/dws/bus/stories/100109dnbusforbes.3a24e53.html

JasperDog94
10-01-2009, 09:11 AM
This whole bank bailout stinks. It never should have happened.

rockdale80
10-01-2009, 11:49 AM
Originally posted by Farmersfan
While the entire country is in a tail spin and our Government is spending Billions to bail out financial institutions, this man is able to increase his net worth three fold. Why does this not sound right to me? These "distressed" assets that Beal bought up were part of the reason that the Billions were needed to bailout other companies. One man makes billions while another man loses billions and gets help from the tax payers........................
I think we need to find out if any of these distressed assets that Beal purchased at a reduced rate where from companies that received bailout money from the government........


http://www.dallasnews.com/sharedcontent/dws/bus/stories/100109dnbusforbes.3a24e53.html

Crony capitalism. I could dive into it further....