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Bail-out... Fail-out...

posted 11/19/2008 8:22:04 AM |
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  travelwoman

The big bail-out failed....

Banks and other financial institutions that received billions dont trickel the money down to the consumer. They don't lend money like they are supposed to.

Officials in D.C. become restless.... because they realize what they did...

They approved in a hurry a basically blank check to a non-elected person, the secretary of treasury..... It is now more or less to his discretion to sign checks....

There is not enough supervision and... what do you know.... they are in line for applying.

Just pour the money into failing businesses and financial institutions
Ask no questions
Don't even make a suggestion on how to change their procedures
Make the big guys fat as usual...

And sit back and watch everything crumble....

When they fist started talking about the bail-out, I was one of the very few who said it was a stupid idea that wouldn't work....
I felt like an extremist with my words...

But look now......

.

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Comments:
Etowah

Nov 19 @ 9:11AM  
Amen sister! A kudu for you. I agree with everything you said!
pressme

Nov 19 @ 9:21AM  
It's probably best to try & look at it from all sides. There are many people out there who have bad notes with banks right now; the banks loaned those people money & now those people aren't paying the money back. It's up to every individual to be responsible for their own money.

Too many people nowadays want to blame everyone else. Instead everyone should look at themselves FIRST & the position they've put themselves in with their spending habits. It all begins first with the individual.
travelwoman

Nov 19 @ 10:49AM  

It's up to every individual to be responsible for their own money.

... and it should be up to every bank/financial institution to be responsible for their own debts and not beg for federal billions.... just so they can continue feeding their stockholders with golden spoons....
jayej

Nov 19 @ 11:14AM  
... and it should be up to every bank/financial institution to be responsible for their own debts and not beg for federal billions.... just so they can continue feeding their stockholders with golden spoons

Perfect response.
I don't have a bad mortgage, I don't have a mortgage at all.
I don't have a nice car or nice car payment.
Doesn't seem to stop the fact I am going to be helping to pay for this fiasco.

What the bailout was to do..... what?.....keep the economy going....like that is happening.....shit it would have easier and cheaper to let it all fall apart at once instead of this expensive death by slow torture.

And when Paulson and Bernake asked for the 700 billion I called every congressman in Oregon even those outside my district. Called Pelosi's office too.

Any body take note of Paulson the other day saying we had embarrassed ourselves over this crisis? We.... really? Unless he was referring to himself and Bernake it doesn't apply.
Or him giving away half of the money and saying he was leaving the rest for the new administration? Really big of him isn't it when he also said he is in no way staying on....

Yeah real champion isn't he? He is so concerned over this country ......
Take the money run a$$hole.
We have been so screwed.
J
Loinlee_Sole

Nov 19 @ 1:00PM  
guess its a good time to go out and buy a bank
travelwoman

Nov 19 @ 1:31PM  

It all would like a good joke and very funny.... laughing of the incompetences of those who are supposed to "know better"...

Unfortunately, we're all paying for them, while they make a big fat salary for their inaptitudes...

Buy a bank? I haven't thought of that yet.... It's an idea...
.
Peabianjay

Nov 20 @ 3:02AM  
Buy a bank? I haven't thought of that yet.... It's an idea
A rather good idea, too. Dunno what's up in the states, but in Canada we have oodles of "Credit Unions"....consumer owned banks. They're not particularly better (or worse) than typical banks, but their existance seems to keep the big banks honest-er. No mortgage crisis in Canada, anyway.

As for the bailout...not exactly sure who thought it was a good idea. Heh...much like the auto bailout, the idea is nuts, but the government will likely go through with it anyway.
callmemax

Nov 23 @ 9:54PM  
when the little man got his bailout, it was for $300, $600, or some other token amount. when the haves get their bailout, it will be for thousands more. it's a continuation of how it has always been done--- the rich get richer, the poor get scr*w*d.
travelwoman

Nov 23 @ 10:29PM  

the rich get richer, the poor get scr*w*d

The poor pay for the rich to get richer...
(somebody has to....)
Cruisenite

Nov 23 @ 11:02PM  
Unfortunately, it doesn't look like these so-called bailouts are over yet. Watch closely, there are more billions to be disbursed to the failing corporations that you got it, middle and lower income people will be paying for. Will it ever end...sure as soon as China cuts off the loans to the US!
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Bail-out... Fail-out...