Mr Obama has a plan to take oil company shareholders (retired teacher, mutual funds, union pension funds, 401K funds) money and give a $ 1,000.00 check of OPM to each family in America.
THIS IS PURE MARXIST/PROGRESSIVE/SOCIALISM.
What do all of you out there think? illegal or just immoral?
We need to up date the questions regarding business income taxes. The Government takes money from the shareholders using taxes. Is it possible that the "BAILOUTS" are just returning the money to the entity they TOOK it from????
The enemy of the small investor is "LEVERAGE" without limits. This works similar to the following example: Borrow billions of Yen from Japan at +< 1% for the short term less than one year, use this to buy mortgages at 7% - 9%, package these loans and sell them keeping a small percentage of the interst yield, then use the money to buy more mortgages, sell them and keep part of the yield. If you do this enough times you make huge profits. The house of cards comes down when Japan wants their short term money back and wil not renew loans. Loans must be sold to pay them, this starts unwinding the leverage and the mortgage values go down, down and down.
This is where we are now. These are greedy thieves and desirve to fail.