So, if I fuck up a major finacial institution I get bailed out by uncle Sam via

[bluerum]

the backs (taxes) of the taxpayer.

But if I scrape and save and invest and pay my taxes and pay mortgage on time, I get to watch all my assets lose value over time because uncle Sam gives my equity away to the CEO's of finacial organizations who can't keep their businesses afloat.

Someone please 'splain to me, who does this economic model serve?

Why isn't Washington Aiding Savers (MSNBC)
Fed Up USA (Private activist web site)

[notesdev]

1. It serves the people

who were pulling millions in pay, stock, & incentives running those institutions into the ground.

It impoverishes the rest of us.

The open question is how far can they go to beggar us before we do something to stop it.

All they have to do is trot out the usual propaganda about how it's all being done to save Lucy, the minority lesbian single mother with 8 kids who lost her job at the plant after her husband was killed in the war, and now is saddled with medical bills she can't pay.

Enough stories like that and even liberals will be arguing for a fat-cat bailout.

I say, let these institutions go under. Let the investors who lost their shirts take their revenge at the mismanagers and the pirate executives and all the rest who participated in this historically unprecedented 'pump and dump' - stocks, real estate, commodities - they hyped one after another after another, sold their holdings to us at inflated prices, and they'll buy them all back when the real value reasserts itself, at a tiny fraction of the price.

[Dover]

2. Correct....n/t

[suegeo]

3. Dollar less valuable too?

So why save?
You get hit again because the fascists got us into deep debt, with the strategy of paying back the debt with less valuable money.