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Nov
12
2008
“And That $700,000,000,000 Bailout We Just Billed You For?”
Posted by: Emperor Misha I in Useless Swine2:00 PM
“…well… there’s been a change of plans. They’re not going to be spent on ‘toxic assets’ after all. Instead, we’ll hand them out to our friends. Hey, you didn’t really think we were going to do what we promised to do, did you? Sheesh, you people are such suckers! Enjoy paying off the debt, Americans. Me, I’m off to the Bahamas.”
Not that we didn’t see it coming.
Entries (RSS)
700+ billion they can spend however they want. I see ACORN getting a cut! Ahh, gotta love Washington lying to get our money….
November 12th, 2008 at 2:03 PMUsing
What the hell? Wasn’t that the point of this entire idiotic exercise?
November 12th, 2008 at 3:58 PMUsing
I think I’m going to take out some loans (since I don’t have any), and run up my credit card (but it’s only got a 3,000 limit on it), and then default on both.
After all, I paid for some of this; I should be able to get the benefits of it! Maybe next will be the cell phone industry, and I can run my bill WAAAAAY up…
November 12th, 2008 at 4:06 PMUsing
awh,
I still believe that this whole mortgage “crisis” and bailout was orchestrated.
November 12th, 2008 at 4:07 PMUsing
anonymous hourly worker sez:
Why yes, yes it was.
But now that they got their blank check, they don’t give a shit. Hello, America, you’ve been screwed again.
November 12th, 2008 at 4:07 PMUsing
Next time.. I hope we a least get a kiss, some k.y. & a reach around.
Is it time to start executing these scum bags yet?
November 12th, 2008 at 5:07 PMUsing
W. is still the pres until Jan 20. I think he needs to prove he has some cojones and hold congress’ feet to the fire. The dems are starting to act like they are all “in charge” already.
This will all come to back to bite Bush, I have no doubt. Won’t matter that Bambi is pres. It will ALWAYS be Bush’s fault.
November 12th, 2008 at 5:23 PMUsing
Our buddy Barney is saying that we won’t Give the automakers 25 billion, we’ll give the automakers 25 billion in exchange for a stake. Ummm, why does that sound like the beginning of a financial takeover to me? I hope the board of directors know how to Goose Step.
Meanwhile, AIG is on the line to recieve another 40 Billion, this time from the TARP funds. The big banks are getting money thrown at them whether they need it or not, and the little banks and other financial institutes are lining up for thier piece of the pie.
I’ve got two questions rattling around in my noggin…
1. Am I going paranoid, or is the US government trying to buy socialism?
November 12th, 2008 at 6:20 PM2. How much more money can the feds spend before the Federal government itself runs into liquidity issues? There is a bottom to the Federal piggy bank isn’t there? Somewhere way down there? Am I going to wake up in a not too distant future and start my stove with a stack of worthless greenbacks?
Using
crazylegs sez:
You know, it wouldn’t be the first time a socialist took over private business while leaving the owners in nominal control in order to make it not look like socialism.
Quite a clever little Austrian, he was.
November 12th, 2008 at 6:28 PMUsing
anyone one who did not see this coming please reort to the eye doctor for a transplant :em41:
November 12th, 2008 at 6:40 PMUsing
No. It wasn’t orchestrated, but the crisis that allowed it to be passed was CREATED by the demonrats. And obambi is going to make it worse.
I told you guys when this idea of buying up the “toxic” debt (read that as greedy topsiders taking advantage of idiots in Washington who don’t understand basic market tenets) would bankrupt an entire industry - mine - and that it wouldn’t happen, COULDN’T happen because of the logistics.
The federal government could never buy all the foreclosed homes and defaulted mortgages, sit on them until “the market corrected” and then sell them for a profit.
No way.
One of the things that these idiots admitted today is that they couldn’t “put a price” on those assets. Know why?
BECAUSE IT CHANGES EVERY FUCKING HOUR!!!!!!!!!!!!!!!!!!!!!!!!!!
In real estate the value of any asset is “Willing Seller, Willing Buyer”. What happens when the feds come in and say “okay, sell it to us.”
Gee, ya think that value is going to go the way of obambi’s ego on a giant coke hit?
:em98: :em38: :em41:
November 12th, 2008 at 9:16 PMUsing
The taxpayer is now liable for 700Billion dollars and I have yet to see one asshat that caused it perp walked?
time for the torches and pitchforks people.
LC Ted
November 13th, 2008 at 1:15 PMUsing
Would have been nice if they had put a dab of Vaseline first before sticking it to their citizens…
And when the politicians get desperate enough for money to replace what they’ve been wasting to prop up their buddies, the saving accounts you own will be “borrowed” to continue this huge farce… (strange, I don’t feel like laughing…)
Here, the Bank of Canada has started to throw money left and right to insure “sufficient liquidity and insure assets” which is bankers’ talk signifiying “we don’t have a clue how to stop this mess”…
Someone gimme a beer…
November 13th, 2008 at 5:22 PMUsing
Anytime Bud, anytime.
We’ve already taken,,steps, here.
You’re ‘hood is our final fallback position, Y’know.
I’ll teach ya how to build a beer.
Some of the fastest to dissapear here are based on Canadian recipe’s.
You won’t be sorry, you’ll be,,,
November 13th, 2008 at 6:06 PMUsing
LC Cheapshot911
You’re on Bro!!! And while you’re “building a beer”, I’ll feed you some of our ice-cold Sleeman’s Cream Ale, a pint of our local brewery’s Scottish Ale (the local Brew. is the The Pump House…), topped by a no-less delicious Molson Canadian.
And the grand finale (drumroll, please) a bucket full of freezing-cold Labatts Blue!
You’re welcome…
November 13th, 2008 at 6:14 PMUsing
And yes, we do have lots of room on our soil to accommodate any and all of you! This IS an immense country with a big heart!
November 13th, 2008 at 6:16 PMUsing
Can I bring my guns and DOG?
November 13th, 2008 at 6:27 PMUsing
Cream, yessss, expensivvvve to do right, tedious, but sooo,, beguiling.
Must keep high pressure, more than a mason jar can take.
‘Got some 300 year old yeast from Vienna, introduce the guys to some Canadian malt,, (droool)
November 13th, 2008 at 6:47 PMUsing
Hardclimber, can you still get Molson Export and Molson Dry there?
November 13th, 2008 at 6:56 PMUsing
Blackiswhite
Oh yes, a plenty. Our beer stores carry an extremely wide variety of beer from all over New Brunswick, Quebec, Nova Scotia and Ontario, along with some imported goodies such as Heineken, Tuborg, Stella Artois and many others.
Of course, it doesn’t mean that we Canucks drink a lot of beer… :em93:
November 13th, 2008 at 7:07 PMUsing
LC TerribleTroy
As long as they are concealed (meaning not discovered by our border guards), sure…
November 13th, 2008 at 7:09 PMUsing
Ok.. I can conceal DOG …if I gotta… dont know what the border guards mind so much about DOG…. but he hides well…
November 13th, 2008 at 8:09 PMUsing
LC TerribleTroy
The guns, Bro, the guns…
November 13th, 2008 at 8:19 PMUsing
Neaderlanders we hung with waved that off in English “Stale Artesian”.
November 13th, 2008 at 9:29 PMThey were drinking Duvels, Belgian stuff.
Boom Chicago, Leidseplein. a riot.
Using
Right. I did an internship in the House of Commons, you know. More beer in the offices on Parliament Hill then there are in some college town bars.
November 13th, 2008 at 10:28 PMUsing