Uncle Sam wants banks to bail out FDIC!
 

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.

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


10-4!

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...

what a gresat system capitalism is:rolleyes:

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

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

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

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

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.

The problem with Ob is he's forgetting business, middle and upper class. The world is made up of many class of people. Now I can only speak for myself when I say like it or not we try to do our share but out right supporting, housing, feeding, clothing and everything else of them is not my responsibility the way our great country is run and how people look at each other now.


Obama is going about this the wrong way. You cannot force people to change. They have to want too. Our race, and by that I mean the human race, has a long way to go. What I mean is we need to want to care about others as people, not for the color of their skin or class. Will that happen ? I have faith that we will but no time soon.

Botton line is hes not Robin Hood and we ain't the kings barons to rob to feed his people. We are all his people and until he understands that were all screwed..

I think I would feel a LOT more sympathetic & charitable towards "The Poor" if 1/2-2/3 of everything I have/had/made wasn't basically confiscated to do my "fair share" of taking care of them...And it doesn't seem to ever have done any good...They're still poor.

I tend to agree with you but I just don't see that things are as you suggest.
Supporting policies such as Bush's left us supporting the wealthy. The rich became mega rich with our tax monies. What I am saying is that if we are going to help people it should be those with no home or food and not people with private planes.
What the right does well is to get folks to vote against their own self interest by creating an illusion that they poor are lazy and that the middle class will benefit from policies that support corporate welfare.
Think about it folks. Just look at banking, insurance, pharmasutacials.......

Come on people, while I was still working total income was in six figures and tax never was as great as 1/3 of that. We are among the least taxed people in the world and our infrastructure shows it. Some people would kick if they were playing football. :D

The few programs we have have been very very helpful.


I just cannot understand supporting the wealthy and hating the poor. It just amazes me.

I'm taxed when I make it, I'm taxed when I spend it. The state taxes the taxes I paid to the Feds. I pay taxes for services that I do not use. People get back more on a tax return than they paid in, because they have children they cannot afford. It will be taxed again when I die and leave it to somebody (I got a plan to fool them there, won't be any left:D).

I'm sure it is just capitalist rhetoric that the average person works thru May to pay their taxes.

If you are late, you pay interest though when they give you your own money back, (that they have borrowed for a few months) there is no interest,hmmm.

It would take a tractor-trailer to move a single copy of the tax code, and I'm supposed to think that I am not over taxed. Hard, very hard to accept.

What exactly has Obama done for the little guy?

Is cap and trade going to help the little guy? If General Electric thinks it's a grand idea, then I have my doubts.

Is taxing big American corporations going to help the little guy? Only if you think paying more for goods and services while your job moves overseas is helping.

And while universal health care is a lovely idea, it looks more and more like a redistribution of the wealth scheme. Just ask a little guy who is forced to buy insurance or pay a fine if it's helping him.

BTW, where did all of the stimilus money go? Ain't nobody sent me a nickle yet. Reckon the big boys are still hoarding it.

Obama is playing the class warfare game. He talks about how he's going to help the poor, then attempts to enact policies that will hurt the little guy the worst.

Now I can't lay everything at Obama's feet, it's congress who writes the laws. And the politicians have a history of calling a bill one thing while it does exactly the opposite. Their corporate sponsors get a big kick out of it.

Kind of like the new and improved candy bar. When you open it up you find the candy bar is smaller, the only thing new and improved is the package it comes in.

The name of the game is the same...ante up fellers.

Chas

Thats the truth...
 

The government will make sure of that. Banks have been sending information on reverse mortgages to SSI reciipients...where do they get their information? Makes you wonder doesn't it?

Of coarse...it just came to ME!!! Why direct deposit of SSI! Of coarse the government already knows your bank information. Hummmmmm and they own banks....:eek: I better watch what i say...I might be accused of watching Beck...Heh..

Bingo, buddy ! When my granmother passed in 2002 at 104, there was a "substantial" estate...By the time the Infernal Rip-You-Off Servitute boys got done w/us, they'd got 78% of it...We had enuff left to pay the lawyers, the women that stayed w/her 24/7 for the last 18 months of her life, & that was it. When you have an estate of somewhere between $1 million to about $5 million or so, which is where I think this was, the tax code's set up to Rip You A New One...And yes, ALL my gran's estate had been taxed at the full amount all along, its not like we were tax cheats or anything...Where's the "fairness" in that ?!? I got her house, which I subsequently sold, & was told I was lucky I didn't have to pay taxes on THAT...I mean, I'm no lawyer or accountant, my granparents worked hard all their lives, scrimped & saved, never doling much of it out, played by the rules, & we still got zapped...

It is real simple and has pissed me off for years. Banks lobbied for this and it was sold as a convenience to the recipient. The real convenience is to the banks who make money off of you and your check.

This btw is a republican move.

Come on Sandy, yer just pissed that the Infernal Revenuoors won't let ya set up a still, but they wanna tax yeu iffin' yeu do.

Reckon life just ain't fair. Then they move the goalposts.

Chas

This was a "Perfect Storm"...My dad & uncle tried hard to talk her into putting her money into things that the tax man wouldn't eat up quite so badly, but she was an EXTREMELY suspicious type, & wouldn't hear of it. She & my granfather lost everything-not that they had that much-in '29, & I think they never trusted banks, stockbrokers, etc after that. She & Fritz never really enjoyed any of their wealth, they had the mindset all their lives that they were one step away from being in "The Poorhouse", & the only ones that got any benefit from their penurious ways was the IRS. She gave Fritz a sandwich to eat at work every day,wrapped up in tinfoil, which he was supposed to flatten out, carefully fold up, & take back home so she could use again the next day...I'd say, "Grandaddy, let me go clean that up for you..." & I'd take it & toss it, & make up some story about how I'd torn it up or something. Got more than one Arse-Eatin' over Wasting that Tinfoil...

Seems to be two schools of thought on this, the live rich and die poor crowd, or the you can never have enough stock in the pantry crowd.

I pretty much fall into the stock in the pantry crowd. Don't get me wrong, if I want to do something, I do it. But the older I get, the more my idea of a good time is taking a nap in the afternoon.

And being debt free with money in the bank makes that nap not only possible, but more enjoyable. Didn't live through the depression, but I've been dirt poor, in debt, with maybe 10 bucks to my name. Boo and hiss!!!

Now the thoughts of the gubbmitt coming along and stealing what I have left, provided I don't hire an accountant and a lawyer to set things up right makes my blood boil.

As I've grown to understand, we don't have a justice system, we have a legal system...do not confuse the two.

Chas

Fritz 'n' Izzie never so much had a TRAFFIC TICKET between them in their lives...Like I said, they lived ramrod-straight, never bothered anyone, & if they ever took unfair advantage of anyone, I don't know about it. And after they both pass on, for the Grub-ment to come along & basically STEAL almost 80% of what they had accumulated in their lives strikes me as unconcionable. But they did, & there wasn't a goddam thing we could do about it, except be happy they didn't take more. And I see the waste, fraud, abuse, Acorn bullshit, $600 toilet seats, women squeezin' out another puppy or 2 to get that much more every month, people drawing "crazy" checks, you name it, makes my blood boil. Its not Democrats or Republicans, its the whole sorry, corrupt, unsalvageable system.

so, ya'll are finally starting to come around....

I'm not QUITE as Think as you Dumb I am...I had that 'un figgered out a long time ago...(grin)

Truer words were never spoken!!!!

And these words just keep ringing in my ears, maybe it's my tinnitus:D

The more I think about it, old billy was right
Let's kill all the lawyers, kill em tonight
You don't want to work, you want to live like a king
But the big, bad world doesn't owe you a thing

Most congressmen are lawyers aren't they:D:D