Yep. Our Senators are scoundrels.
Not only no but HELL no.
$800 Billion-the new cost of the bailout package as 100 billion in sweeteners was added.
$300 Billion program announced today to redo peoples mortgages.
$630 Billion the The Federal Reserve will pump into the global financial system
$600 Billion spending bill that funds the government into March
$180 Billion the Federal Reserve pumped into the system last week
Not to put too fine a point on it, FDIC is for retail banks and depositors, not investment banks like Lehman or Bear Stearns.
It’s only(funny)money
If I had extra dollars, which I don’t, I’d be looking for a currency that has real value, if there is one. The euro messes up europe.
The Dow is DOWN over 120 points in just 10 minutes of trading and falling. Wallstreet isn’t liking the bailout either?
Good post. Have confidence in conmen. /sarcasm The socialist looters will continue to plunder us, our children and grandchildren.
>> FDIC was forced to negotiate buyouts of these corporations from larger financials because FDIC did not have sufficient assets within their own insurance fund
That’s total bullshit.