NYT: U.S. May Take Ownership Stake in Banks

New York Times ^ | October 9, 2008 | By EDMUND L. ANDREWS and MARK LANDLER

[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

[Wolfie]

Ok. Sure thing.

[dirtboy]

Of course, suggesting such is heresy.

That it is. Something this screwed up is a team effort between Washington, Wall Street AND large swaths of Main Street.

[dirtboy]

If we were all still riding horses just think of all the car accidents that would have been avoided.

Of course, basic regulations and laws are what makes car travel possible.

Shoot yourself in the foot often?

[dirtboy]

Lets have the SS monies purchase bargain banks.

The feds spent that money long ago.

[Wolfie]

Nah. We turn anybody loose on the roads to do whatever they want, and whatever happens, the taxpayer cleans it up. Not.

[wolf78]

Back in the US, back in the US, back in the USSA...

We're from the government and we're here to help...

[Raycpa]

Its not in a lock box?

[listenhillary]

I like that idea.

[TADSLOS]

Fed officials increasingly talk about the challenge they face with a phrase that President Bush used in another context: “regime change.”

Gee, I can't wait for the "surge" to kick in.

[VlPu]

It is as simple as this: the system is collapsing and the system managers can do nothing about it but keep taking away from their sheep what they still have left.
Collapse of Major Banks is yet another step on that process. It is by far the most risky one, but since their sheep were disarmed and are totally brainwashed, the illuminati are ready to continue game in overtime.

Posted LONG BEFORE “Collapse of Banks” chapter begun

[tcostell]

Mark my words, all you people who are demanding more regulation of banks will come to regret it. It's going to effect your lives in ways that you don't see yet. You're foolishly going to be putting control of important parts of your life into the hands of Barney Frank and Chuck Schumer. There has been a lot of stupid behavior in the last few years, but it's nothing compared to what those two will be doing to you.

You don't see it yet, but you're surrendering your freedom for nothing other than the chance to 'punish the rich guy', or the 'Wall street fat cat'. You're making yourselves the willing tools of evil men.

It's a shame to watch if you ask me.

[Tribune7]

NYT: US MAY TAKE OWNERSHIP IN BANKS:

I think it's Pinch's way of saying he wants to diversify. The Times' grammatical standards have certainly dropped.

[theDentist]

AIG getting thrashed for rewarding its top performing sales people.

They can reward them; take the $400K they blew divvy it up among the top performers. But throwing a $400K soiree when your corp lost billions upon billions isn't sensible. Especially when Joe Taxpayer is bailing you out against his will.

[WesA]

give em an inch...pretty soon you will be paying more than half your income in taxes, it will be illegal to have a cigarette before you are 18, or a drink before you are 21, or to not wear your seatblet..O WAIT!

[P-Marlowe]

AIG getting thrashed for rewarding its top performing sales people.

Nobody threw a party for the hardworking crew of the Titanic.

[A Strict Constructionist]

“Derivatives? Please. It’s all about mortgages to low-income people.”

It’s about greed. Anything that is created without “real” value is worthless paper as we’re seeing. It can also be seen as the reverse of Communism, the needs of the few outweigh the needs of the many. And that ain’t Capitalism, either.

[Wolfie]

Anything that is created without “real” value is worthless paper as we’re seeing.

The U.S. Dollar, for example.

[DemonDeac]

I think i’m taking crazy pills. Some of the most socialistic things in American history are here and its a President who I voted for who is leading the charge. And our standard bearer is going right along. What in the world is happening?

[Gilbo_3]

Lets have the SS monies purchase bargain banks.

when did they find a key for the 'lockbox' ???

those SS monies are simply more worthless paper...

[dools007]

How big a step is it to go from one to the other. I smell a rat.

Could it be that genuine capitalists have been replaced by socialists whose ultimate goal is government control of the economy? There is so much more going with regard to this so-called crisis than is visible. Seems like the socialists are well into executing a very well thought out game plan.