The Cody Word
  • December 19, 2008 04:39 PM EST by Cody Willard

    The Big 3: Non-binding Means FREE!, Bailouts Makes Bear Markets, And Give Time And Energy For Xmas!

    1. Non-binding means FREE!

    2. Bailouts Makes Bear Markets

    3. Give Time and Energy For Xmas!

    1. Non-binding. Not one thing is binding in the unconstitutional $17 billion welfare grant we just gave to the people who supposedly took risks when they bought shares or lent company to a bunch of managers who were borrowing money to buy back shares at 15x the current price of the stock. Free welfare for the big 3 despite all you telling your reps over and over no more corporate welfare!

    2. Real headline of the day: "Billionaires' Ski Club in Montana Stiffs Florists, Blacksmiths". I thought we bailed out these billionaires so that the florists and blacksmiths would be okay! Our markets will not come back until these corporate/white-collar welfare programs are destroyed.

    3. Next week is Christmas. It's supposed to be about giving, not taking welfare. So take some time and energy and just give it to your local community. Go deliver some presents to the trailer park or the projects this weekend.

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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