Risk Free System

boredtodeath asked:


a person who saves money, age 25-30, western- Canadian/Australian, single, interests: reading, theatre, local history, occupation: highly skilled professional, total assets/net worth: 200,000 us dollars, concerns: having enough to set up business, buying a house and retirement, attitude to risk: high risk and high returns

Guillermo

Holy Cow asked:


The Federal Reserve and the U.S. government swiftly approved the all-stock buyout to complete the deal before world markets opened. The Fed also essentially made the takeover risk-free by saying it would guarantee up to $30 billion of the troubled mortgage and other assets that got the nation’s fifth-largest investment bank into trouble.

http://biz.yahoo.com/ap/080317/jpmorgan_bear_stearns.html

If you went to Vegas and lost all your money at high risk poker, is it fair to expect a government bailout to save you house in the Hamptons?

Cash