The wealthy are going to use this "breather" that the bailout will provide to remove their money

[NNN0LHI]

Just watch and see.

Being in the position they are in without having the huge penalties and tax burdens the average person would be subjected to if we tried to cash out and run they can and will get away with it. They would be fools not to. They are in a position to know whats coming.

Thats what they tried to do with all these huge bundles of worthless paper they were holding but they couldn't find anyone stupid enough to buy them. So we bought them.

Watch them all run after they get their hands on the first payment. Like rats leaving a sinking ship.

Don

[Clear Blue Sky]

1. Remove their money to where? Foreign investments?

[CrispyQ]

2. Buy up all the cheap foreclosed properties?

They will go up in time. Short of a massive die off of the human race, real estate always goes up eventually. It may take awhile, years, even, but it does.

In the mid-80s we had a house that was valued at $160k & we owed $110k on it. Then the S&L crisis happened. We were one of the lucky ones to get an offer of what we owed. Thank goodness we didn't owe more, like most of our neighbors. Last fall I saw 'our' house was on the market again - $595k. ~Gasp! If only we could have hung on to it. Even if that was an inflated price, the current price has to be at least 3-4 times what we had owed on it in the 80s.

My current house is small, paid off & not so much to clean! And we got it with a low-down, non-qualifying loan, two weeks after we unloaded the house above. ;) The housing crisis hurt us as sellers but helped as buyers.

[knowbody0]

3. and we should all max out our credit cards

tween then and now. Fill our pantries, buy really good boots and winter clothing, stock up on fire wood. cuz it's gonna get ugly

[galileoreloaded]

5. Roger that.........n/t

[tbyg52]

4. May be. I'd like to know where they put it.

Or get them to give me some advice as to the least of the evils in my 403b.

[On the Road]

6. According to Jim Cramer

all the superrich people he know already took their money out of banks and put it in T-bills. Some money should begin to flow back now that this legislation is passing.