inquiringminds

The Dow Industrial Average went up four hundred points today. This comes because of news that Citigroup will be getting a bailout by the United States Government. I am not a fan of this particular bailout. Citigroup will get all of our tax dollars and then if you have a Citibank credit card then they will increase your interest rates and finance charges as a thank you. I mean allof our tax dollars just go to failing companies. Can you imagine doing that in real life if you were an investor? When you buy a business you need to make sure that it is profitable and will give you a decent rate of return on your overall starting investment. The government is buying up stock and giving bailout assistance to companies that are not being handled properly and are going broke. How is that a good investment for our tax-dollars? It really stuns me how this occurs.If you or I went broke at our small business, the government would consider us a credit risk as would banks and would not lend us all a dime. I am always stunned by the way the government operates.

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