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Random Riley

riley writes…

Government, Stocks and Slippery Slopes

October 11th, 2008 by Riley

I was going to do a brief history lesson about the stock market crash of ‘29. Considering the state of things, I thought it might be a useful review. But we’ll save that for later.

Now it seems our amazingly on top of things U.S. government has decided to help the banking industry by buying stocks in banks. Isn’t that too awesome of them? At a time when bank stocks are low, because all stocks are low, the government buys some of it up. Don’t worry. I’m sure they have every intention of giving profits back to the people through a wide array of social programs for the greater good.

And there is nothing that brings more peace of mind than knowing that your government controls your money. I feel safer already.

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