Wednesday, November 12, 2008

This is my last fix, I promise.

Jesus . . .

New stage for $700B bailout

Paulson says Treasury will broaden reach to include non-bank financial firms and seek out private capital to match U.S. funds.

"NEW YORK( -- Treasury Secretary Henry Paulson said Wednesday the government would broaden the reach of the $700 billion bailout plan to support non-bank financial institutions that provide consumer credit, such as credit cards and auto loans.

In this second stage of the bailout, officials also hope to attract private capital, possibly through matching investments, to give the government's injections more heft.

Paulson also said the government is no longer planning to buy troubled mortgage assets, the original goal of the plan. And officials are continuing to examine ways to help homeowners and slow the tide of foreclosures."
. . . these idiots can't even figure out who it is they're supposed to throw $700,000,000,000.00 at. At this point, the plan FROM BOTH SIDES OF THE AISLE, including President-elect Obama, is to give $700,000,000,000.00 of American taxpayer dollars to . . . somebody. . . not somebody like you or me, or what have you . . . but somebody . . . a real somebody . . . somebody who's already filthy stinking rich, like somebody on the Board of Directors at AIG. So far, about $178,000,000,000.00 has been guaranteed already . . . they're just scrounging around looking for some behemoth transnational to saddle with the rest of them bags o' money.

Rest assured, though, that this time it's gonna be different! This time these greedy scum on Wall Street - who (let us be clear) most certainly got us into this disaster - are really going take that money and turn it into I don't know . . . crappers of gold for everyone.

There'll be pie in the sky, when we die, my friends.


Jason said...

Hank read, "If you give a mouse a cookie"

It's a children's book and it might help!

Downtown Dave said...

So, true, Jason. And thanks for your comments. The US gov't, with virtually no backing from the American people is simply throwing good money after bad, handing over enormous sums to businesses that have failed to do good business. Meanwhile, the people who are really suffering the full scope of this disaster - the people, are getting virtually nothing. It's disgraceful.

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