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stuff about the bailouts

 
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jabailo



Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Wed Mar 25, 2009 6:47 pm    Post subject: Reply with quote

I'm with this guy:

http://dailybail.com/home/cnbc-congressional-bonus-debate-the-sherminator-kicks-some-w.html?ref=patrick.net


and also

http://www.examiner.com/x-3629-Philadelphia-Progressive-Examiner~y2009m3d23-Toxic-Assets-Geithner-just-put-only-the-rich-in-Titanics-lifeboats?ref=patrick.net

Quote:
Far from being worth more than they are valued at, many of these assets are worth even less. We the taxpayer put up about 85% of the money needed to get these assets, if you can call them that, off the banks books while investors put up 15%. If there are profits the investors make out. If there are losses the investors get out of the losses we tax payers just assume the loss. Sorry, but that is Free Market profits but Socialism when it comes to losses.


And I have to add this goodie:

http://thelastgoodidea.blogspot.com/2009/03/politicians-aig.html?ref=patrick.net

Quote:
The top 10 recipients of cash contributions from AIG in 2008

1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
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