Punchinello’s Chronicles

October 1, 2008

Gambling Problem? Call 1-800-BAILOUT

When you decide to invest money into stocks, bonds, investment banks, or any other speculative venture, you’re told right there that you may lose all or some of your money. Buying shares in a bank is an investment, and anyone who does so knows up front that they’re taking a gamble. It’s not a wild gamble, for the most part, and there are facts and figures to help estimaate the odds, but they’re still gambling that the company will increase in value and shares will go up.

On the other hand, when you deposit your weekly paycheck in a bank, you don’t normally read a notification that “Depositors do so at their own risk. You may lose all or part of your money.” Right?

So how come it’s the investors who get bailed out if this so-called rescue package is passed? What’s the next step: offering a return of all money lost at a casino? How long before investing money in the stock market ends up listed in the medical journals as an addiction?

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