The Federal balance sheet is hemorrhaging red ink. With any luck, it won't spill onto the whirring printing press.
Just Say NO! is a phrase that needs to come back in vogue. The same people are pretty much in charge of the failed banks as before. What good did the bailout do. Not much it looks like!
It didn’t work before, so do it again. This is wrong on so many levels. Criminal is too nice of a term.
Which is more expensive? Propping them up every quarter from now 'til whenever? Or letting them go bust? Either way it costs, I just want to know which one costs less.
Can Congress employ just ONE auditor to figure out what the HELL happened to the first round of TARP money? It seemed to have vaporized with ZERO results.
LET THEM FAIL.
AND YES, I AM YELLING!
And they want them to lend more $$ to the people (or those like them) who just defaulted. That will fix everything. [/sarc]
The sad truth is that this whole thing is reparations through the back door.
The problem has been linked back to one virus abbreviated the GDD-UHF1 virus. (Global Deceit Derivatives - Unregulated Hedge Fund Virus). Scientists are frantic in trying to determine the original host body source so politicians around the world can point their fingers......it’s a must for the MSM Dog and Pony Show to be seen tonight at 11. Stay tuned.
Let these failing banks fail.The taxpayers shouldn’t be bailing them out.
Funny. My credit union is doing really well right now.
I see no reason to bail out stupidity.
What I would like to know , that is if any info on the subject is available; who are the major beneficiaries of these CDS payouts. These derivatives probably are much more deleterious to the banks balance sheets than are the collateral write downs, in other words, somebodies are getting very very very rich on CDS payouts. Who?
bfl