Comments on: A Miracle: Bush Parting the Bankrupt Sea http://www.thedisciplinedinvestor.com/blog/2007/08/31/a-miracle-bush-parting-the-bankrupt-sea/ Investment Disciplines and Timely Advice. Fri, 10 Feb 2012 21:15:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Andrew Horowitz http://www.thedisciplinedinvestor.com/blog/2007/08/31/a-miracle-bush-parting-the-bankrupt-sea/comment-page-1/#comment-389 Andrew Horowitz Sat, 01 Sep 2007 23:36:41 +0000 http://www.thedisciplinedinvestor.com/blog/2007/08/31/a-miracle-bush-parting-the-bankrupt-sea/#comment-389 I have to make a few comment/clarifications. I have been tracking comment around the web about this post. I am unclear what sparked the hysteria, but let's get a few things straight: 1) The fact is that I am totally against the government bailing out any institution or investor that got hurt by making poor investments that were predicated on greed 2) The comment " what will get hurt" was directed at stocks that may lose value due to the comment and/or plan by Bush. It was simply looking at the day ahead. If you look at the entire paragraph that preceded this, you will notice that I was making an observation about the stocks that would benefit from this. Nothing more, nothing less. 3) What I understood was that the plan by Bush was to help individuals what are caught up in this mess, get needed credit and mortgages during a time that the credit markets are essentially frozen. 4) Without intervention, individuals will suffer the greatest and that is not a good thing. 5) The companies that were the cause of this problem should be punished severely 6) In my comparison of the bible story, the soldiers today are some of the parties in the group mentioned in #5 above 7) NO ONE wants a bailout of the predatory lenders. What we are in favor is help to the individuals that are in need of help during this credit crisis. Unless of course they are also part of the #5 group. 8 ) The only help that the financial companies should get is in direct relation to their ability to help individuals and businesses. 9) Last point: There are surely many innocents with this, but do not tell me that the millions that used creative borrowing to purchase homes at low rates or those that expanded credit beyond their means are innocent. We all had a part in this and we are all going to pay the price. I have to make a few comment/clarifications. I have been tracking comment around the web about this post. I am unclear what sparked the hysteria, but let’s get a few things straight:

1) The fact is that I am totally against the government bailing out any institution or investor that got hurt by making poor investments that were predicated on greed
2) The comment ” what will get hurt” was directed at stocks that may lose value due to the comment and/or plan by Bush. It was simply looking at the day ahead. If you look at the entire paragraph that preceded this, you will notice that I was making an observation about the stocks that would benefit from this. Nothing more, nothing less.
3) What I understood was that the plan by Bush was to help individuals what are caught up in this mess, get needed credit and mortgages during a time that the credit markets are essentially frozen.
4) Without intervention, individuals will suffer the greatest and that is not a good thing.
5) The companies that were the cause of this problem should be punished severely
6) In my comparison of the bible story, the soldiers today are some of the parties in the group mentioned in #5 above
7) NO ONE wants a bailout of the predatory lenders. What we are in favor is help to the individuals that are in need of help during this credit crisis. Unless of course they are also part of the #5 group.
8 ) The only help that the financial companies should get is in direct relation to their ability to help individuals and businesses.
9) Last point: There are surely many innocents with this, but do not tell me that the millions that used creative borrowing to purchase homes at low rates or those that expanded credit beyond their means are innocent. We all had a part in this and we are all going to pay the price.

]]> By: ken Schimpf http://www.thedisciplinedinvestor.com/blog/2007/08/31/a-miracle-bush-parting-the-bankrupt-sea/comment-page-1/#comment-376 ken Schimpf Fri, 31 Aug 2007 22:30:45 +0000 http://www.thedisciplinedinvestor.com/blog/2007/08/31/a-miracle-bush-parting-the-bankrupt-sea/#comment-376 Hey Andrew Where in Exodus does it tlak about praying to part the sea? Thank you Ken Schimpf Hey Andrew

Where in Exodus does it tlak about praying to part the sea?

Thank you

Ken Schimpf

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