Read what you said again
I'm not normally too fussy over grammer etc., but could you re-read what you said and possibly even edit it? Having to read 100 ? and !'s really hurts my eyes.
were all those trillions of dollars of losses "your money" or "their money" ?
Their money.
we are talking about "my money" and "your money" and millions of of other people like us who gave them "our money" to invest
We're talking about the investors money - the key being the final word in the section I quoted on you. People who chose to invest in a company gave their money to that company to do with as they wished. Also most normal people like 'me and you' will be protected by various guarantees on savers money meaning people investing in a bank which they think is risk free should get something that is practically risk free. Of course it shouldn't be entirely risk free, since you're getting a better return than if you lend to (save with) the government, but ultimately you are choosing where to invest. Don't blame the investors for then investing that money, the only people to really blame in such a situation (assuming the company didn't break any laws relevant to how they invest) would be yourself (and whoever told you a slightly risky investment was completely risk free), and of course some blame on the investors for investing your money poorly (but not for investing it in the first place).
and see where we are now ... our money is gone ... and added to "their money"
Because the politicians (and presumably a significant number of people) decided that it would be too painful to see institutions that had done a poor job fail, and so they wrote a near-blank cheque to those institutions, and created a real mess of incentives. Now a company knows that even if they fail they'll be ok because they can rely on a nice big bail out. Not only that, but you're now creating incentives for companies to form monopolies so they become 'too big to fail' and get a bail out, and monopolies reduce competition, increasing prices and decreasing choice - basically a lose-lose-lose situation for people.
if it is the money of not just a group of investors or some rich people out there but the NATION's total and full treasure box ... you still say they can and should do whatever they want with it with no oversight
You mean you have just one bank in the US which has all of the population+government's savings? Last I checked it was spread out among at least a few banks. Anyway yes, you shouldn't give them oversight, since you shouldn't be bailing them out in the first place. If savers choose to invest in anyone, they do so at their own risk. The government should make sure that any information supplied is accurate to avoid misleading the public, but that's about as far as it should go.
we were always told that there are rules to insure the reasonable safety of our money
Reasonable safety - these are far from 'reasonable' circumstances. Regardless, a hefty chunk is insured by the government last I checked.
we are talking about major banks and investment companies giving loans with no hope of repayment and trading in thin air with no value whatsoever
Which is why they should be allowed to fail as a punishment. Otherwise more companies will just do the same.
what happens to the money itself was not any of their interest
It was, because if they handle investors money poorly, they won't get any further investment, and will lose their current investment, meaning they lose business, likely go bankrupt, the workers lose their jobs, etc. etc....unless they know they can count on a bailout!
they rub you and the rest of us blind
They didn't rub or rob anyone - people CHOSE to invest in them. You should live with the consequences of your choices, not get shielded from them because they might not have been the best ones you could've made. How else are you to learn how to wisely invest your money?
