Uncle Sam wants banks to bail out FDIC!

[OvenMaster]

http://www.nytimes.com/2009/09/22/bu...lout.html?_r=2

What unmitigated gall.

I say that the banks should just give back their bailout money. Problem solved.

[JJIII]

"I say that the banks should just give back their bailout money. Problem solved."


10-4!

[Sandy G]

Why, sure !! Why not ?!? We're the Taxpayers-We got more money than we got Good Sense...Besides, Unkle Sugar 'n' the Politicos know better'n us dum peckerwoods how to spend it, anyway...

[noonereal]

what a gresat system capitalism is

[JJIII]

Originally Posted by noonereal

what a gresat system capitalism is

Darwin's theory at work. If we let it.

[Twodogs]

Originally Posted by OvenMaster

http://www.nytimes.com/2009/09/22/bu...lout.html?_r=2

What unmitigated gall.

I say that the banks should just give back their bailout money. Problem solved.

Your sig line says it all, and I couldn't agre more.

[Charles]

Originally Posted by noonereal

what a gresat system capitalism is

Come on Noon, this isn't capitalism, maybe cronyism, or outright fraud.

The best I remember, the FDIC was set up by the Rosevelt Administration back during the depression. All banks are required to buy FDIC insurance at a percentage of their reserves, or something like that. Effectively punishes the smaller banks.

Least they ain't givin' it to the IMF...like they's much difference. Some of it might go to the home town crooks, who are probably the only honest players of the bunch.

Then again, my banker (small regional) told me he didn't get any TARP funds (probably too solvent), I imagine he'll get screwed on the FDIC bailout too. Probably raise his rates to finance bailing out those who are "too big to fail".

I could go on and on, but I'll wrap it up. The system is rotten from the top down. And the little guys, and the taxpayers are the fall guys.

Chas

[noonereal]

Originally Posted by Charles

I could go on and on, but I'll wrap it up. The system is rotten from the top down. And the little guys, and the taxpayers are the fall guys.

Chas

Then why support them?

You are/were a big Bush man, no?

[Charles]

Originally Posted by noonereal

Then why support them?

You are/were a big Bush man, no?

Just thought you were being a bit unfair to Shrub.

Bush V BushII V Clinton V Obama V the rest of them...is there any real difference?

People have the mistaken view that the POTUS is the most powerful man on the planet.

Bullshit. Allow me to repeat myself, bullshit. It's the people who put him in his position that are powerful.

Like FDR said, "There are no accidents in politics."

Just call me jaded,

Chas

[noonereal]

Originally Posted by Charles

Just call me jaded,

Chas

Well i certainly respect the fact that you are jaded but clearly Bush made no secret that he supported big business over you and I and Obie at least makes an effort to help the little guy.