The Mudcat Café TM
Thread #114650   Message #2509909
Posted By: Bobert
08-Dec-08 - 07:50 AM
Thread Name: BS: The Bailout
Subject: RE: BS: The Bailout
Actually, enither Dodd nor Wagnor should be replaced... But what should occur is the kind of governemnt oversight that is sorely missing from the $350B bailout of the banks... And, as I have pointed out before, if we the taxpayers are on the hook for that amount to the banks that money is somewhere in those banks yet if have some good news and some bad news...

The good news is that interest rates are down...

The bad news is that the banks ain't loaning none of that bailout money...

Lending, duhhhhhhhhh, should have been a prerequsite for the $350B Wall Street bailout...

That's exactly why that bailout was ill-cocieved... It was packages and sold to the Americans much the way the Iraq War was packaged and sold and I'm sick that the American people let our governemnt do such a stupid thing...

And I'm sick of trickle down economics... They don't trickle down any better now than when the stupid Republicans changed the economic model back during Ronald Reagan...

When will they ever learn, when will thay ever learn???

B~