BAILOUT II - Voice of the People

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Zacks highlights commentary from People and Picks Member «richardterrel».

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Here we go again.  Four years ago with the Treasury Department and The Federal Reserve loaded down with Goldman Sachs ( GS ) people.  They went to Washington and confessed that they had screwed up the global economy and most Americans lives and they needed a massive infusion of taxpayer money to save us all.  

The subtext was: "Does any Republican or Democrat want to go into the election season with the second great depression already a foregone conclusion?  And oh by the way we really want to get rid of Lehman." 

Can we view this week's announcement by JPMorgan Chase ( JPM ) as the opening salvo in this election seasons raid on the taxpayers funds?  So when John Boehner threatens a government shutdown just before the election, is that the second salvo in their raid on the Treasury? 

We will see just how gullible we really are!

The most recent picks by «richardterrel» are:
A buy rating on SPDR S&P Dividend (ETF) ( SDY ),
a sell rating on Apple Inc. ( AAPL ) and
a buy rating on Myers Industries ( MYE ).

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APPLE INC (AAPL): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
MYERS INDS (MYE): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Symbols: AAPL , ETF , GS , JPM , MYE

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