What's in YOUR Wallet???
Posted on 10/09/2008 4:25:01 AM PDT by RaceBannon
U.S. May Take Ownership Stake in Banks Treasury Dept. Would Hope to Spur Lending By EDMUND L. ANDREWS and MARK LANDLER Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash into banks that request it.
Q & A: The Fed’s Rate Cut Times Topics: Credit Crisis — The Essentials
(Excerpt) Read more at nytimes.com ...
New World Order ordered up.
What is next on the menu?
That's a valid argument only if the company in question isn't nose-diving into the ground from 50,000 feet and then demanding a bailout.
NASCAR
What, gubmint ownershop of Nascar. LOL
next item?
I was listening to a Dem Congresswomen on FIOX last night saying "We own AIG and they must now act like government employees" in response to a question regarding their luxury spending spree. THIS IS TERRIBLE.
SO YOU AND ME AND THE REST OF THE RESPONSIBLE HOME OWNERS, are no forced to pay for personal mistakes and greedy mortgage lenders.
Right on but at least it has a semblance of value unlike some of the WS paper.
Course considering how greedy the government is getting for more and more tax money from us, they'll probably start encouraging more and more people to smoke ("uh, we were wrong about cigarettes causing cancer"). And then increase the cigarette tax.
Shoot, they may even let TV show cigarette commercials again.
Y'all know I'm making fun, but nothing the government will do anymore surprises me.
From news reports-—
“Stocks rose more than 1 percent on Thursday as a stronger-than-expected profit from technology bellwether IBM (NYSE:IBM - News) suggested that the credit crunch is not stifling all business spending.”
Why would IBM profit suggest that?
I’d rather see that than the government buying their bad, unvaluable, mortgages.
However, I’d rather they buy stocks and bonds, which they later sell, than buy bad mortgages, which is what they were expecting to do with the $700 billion.
President Barack Obama. And the pork roast will be finally cooked.
And I'm hearing "Goodnight America, how are ya?" (the song with "New Orleans" in the title - can't remember the name).
Bump
This is getting absolutely ridiculous. Throw these bums out. I want my country back.
From news reports-—
“Stocks rose more than 1 percent on Thursday as a stronger-than-expected profit from technology bellwether IBM (NYSE:IBM - News) suggested that the credit crunch is not stifling all business spending.”
Why would IBM profit suggest that?
Well, that didn’t last long, in the red as of right now.
Now we see, they were probably given mortgages they couldn't afford. A could number of these places were recently built and have been empty for a year now. When did people start expecting to live in 5,000 sq ft+ houses? Living beyond ones means has become standard practice.
As for the government nationalizing the banks, the stage is being set for Obama’s reign. Within two years, he will revert back to islam and sharia law will start to be the rule of the land. It is easier to do when the government owns everything.
Who runs all the banks..the illumanti..bilderbergh...they want this new world order..
New World Order: Global co-operation, nationalisation and state intervention - all in one day
It’s the end of civilization, the US is no longer a beacon on the hill, it is a candle in the wind....
Yep, you nailed it. The American public gets the rotting, maggot infested buffalo of an economy while the chiefs rode off into the sunset with the buffalo hide leaving the starving tribe beind.
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