CNBC Investor: I've always said the gov't should invest in the market

[socialize_me]

You know how they interview investors on the floor of the NYSE right before it closes on the Closing Bell?? Well, they got a hold of one guy that said "This isn't a bailout bill" then went on to say it was some American investment bull**** like Cramer does. He tried explaining this bailout bill like he knew something we Americans didn't and really just was an arrogant prick. Then he made a comment that made me smile "I've always said the government should invest in the stock market". Not only is this really a corporatist regime this dumbass suggests we should have, but apparently this pseudo-intellectual isn't familiar with the President's Working Group on Financial Markets...seems this guy is about 21 years behind the times---the Gov't has been actively a part of the stock market for a long, long time even before this. Just makes laugh and depressed at the same time...you get these pseudo-intellectuals on TV where they think they know everything but don't, and the sad part is that many people see them as "experts" and are receptive to their opinions.


Also, if this is an "investment in America" (as Cramer has said), why isn't Buffett buying up these illiquid housing assets?? I've studied Buffett's valuation strategies and he's ALWAYS bought companies for cheap, but if these Housing Securities are supposed to turn around in the five year time frame as suggested in this legislation, why the fuck isn't the Oracle of Omaha making a move into this rather than purchasing preferred stock for the dividend like the Saudis have been doing and losing a miserable amount of capital?? I mean, this should tell you something folks...if Buffett can see things most investors can't and he's not going anywhere near any more financial common stock or even considering mortgage securities, what the hell should that tell you about this bailout??

 

[Rhys]

I thought he's dropping 5billion into goldman

 

[socialize_me]

He purchased preferred shares meaning he receives a 10%+ dividend every year, and preferred shareholders have priority when companies go bankrupt and sell off assets. He is NOT purchasing common stock, which carries a much smaller annual yield and receives nothing if the company dissolves.