Goverment pays gamblers losses

The government has agreed to help some of the biggest players who lost a lot of money making bad bets, by giving them their money back!

How would you like to play in a casino where, if you lose, your uncle will happily come in and write a bad check to extend his credit line and cover your losses. Why wouldn't you gamble it up, right? Especially if you usually win.

Well this is what is happening on Wall Street. The financial crisis was caused by Wall Street fat cats and CEO's gambling. Gambling mainly that the housing market would continue to go up indefinitely and people with little or no money would be able to pay of ridiculous mortgages they had no business receiving, with the equity from the value of the houses going up.

Well this didn't happen and they lost their butts. Now Uncle Sam is writing a bad check by literaly printing up more money to give them so they can pay off there markers.

This will increase already bad inflation caused by the government already printing up money to pay for things like the war in Iraq.

So if you have lost all your money playing poker, in the wrong games, the government may not come in and give it back to you, but you can take some solace in the fact that it was only "funny money", that may soon be worthless. If you still have some cash I would spend it on "real" things as soon as possible. Invest it in gold, silver or real estate (in areas where prices have fallen to reasonable levels).