patrick.net

But only after the insiders buy first, then the govt should step in and run up the prices.

First the gubmint should buy my shack for $3M. Then turn around and rent it to me for $1 per month. And then and only then should they move on to buying stocks.

Govt is generally bad at everything. They will pick the worst stocks like blockbuster, Sears etc lol

tovarichpeter says

https://www.bloomberg.com/news/articles/2018-11-28/this-scholar-says-the-government-should-buy-stocks-when-they-plunge

The government doesn't have any money. Even if they did, would it really work out? The government buys stocks low, sells them high, doesn't have to tax people as much. But now, my retirement fund owns less stock because government swooped it up and raised the prices before I could buy in. Zero sum game.

Homeless people are filling the streets but the government should spend its tax money bailing out rich fucks, when they get what they so richly deserve.
This is the kind of "scholars" Bloomberg is eager to quote. The type of "capitalism" WS now stands for.

Ppl. this story is now a century old ...

https://en.wikipedia.org/wiki/Panic_of_1907

This was historically known as John Pierpoint Morgan's big moment ...

Excerpt: "The panic might have deepened if not for the intervention of financier J. P. Morgan,[3] who pledged large sums of his own money, and convinced other New York bankers to do the same, to shore up the banking system. This highlighted the impotence of the nation's Independent Treasury system, which managed the nation's money supply, yet was unable to inject liquidity back into the market. By November, the financial contagion had largely ended, only to be replaced by a further crisis. This was due to the heavy borrowing of a large brokerage firm that used the stock of Tennessee Coal, Iron and Railroad Company (TC&I) as collateral. Collapse of TC&I's stock price was averted by an emergency takeover by Morgan's U.S. Steel Corporation—a move approved by anti-monopolist president Theodore Roosevelt. The following year, Senator Nelson W. Aldrich, father-in-law of John D. Rockefeller, Jr., established and chaired a commission to investigate the crisis and propose future solutions, leading to the creation of the Federal Reserve System."