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Bush Says Citigroup Deal Needed to Protect System
AP via Yahoo News ^
| 11/24/08
| Jennifer Loven
Posted on 11/24/2008 3:07:33 PM PST by marshmallow
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The blind leading the blind. There's no road map for this situation and they have no real idea whether this will work. In the space of a couple of months we've effectively nationalized the financial sector.
To: marshmallow
How many more of these deals will be needed to protect the system?
2
posted on
11/24/2008 3:09:30 PM PST
by
oldbill
To: marshmallow
Yeah, let’s continue bailing out the lenders with the taxpayer’s dollars, so the lender can turn around and lend that same money back to the taxpayer for an interest fee.
Sure, it’s more complicated than that, but it still stinks.
3
posted on
11/24/2008 3:10:37 PM PST
by
Gene Eric
Comment #4 Removed by Moderator
To: marshmallow
I don’t know about the rest of you but I am getting more than a little annoyed about our government paying off gambling debts for “financial institutions.”
5
posted on
11/24/2008 3:11:38 PM PST
by
boxer21
To: marshmallow
I think all of us FReepers should get together and say we need OUR bail out.
There are enough of us to have them take notice.
6
posted on
11/24/2008 3:12:26 PM PST
by
freedumb2003
(Der neuen Fuhrer: AKA the Murdering Messiah: Keep your power dry, folks)
To: marshmallow
So Bush is saying that Marxism is needed to protect Capitalism.
Just Great.
Where have all the Bushbots gone?
7
posted on
11/24/2008 3:13:01 PM PST
by
trumandogz
(The Democrats are driving us to Socialism at I00 MPH -The GOP is driving us to Socialism at 97.5 MPH)
To: oldbill
I think the number (ever growing) and size of these bailout deals, is already telling us something about "the system".
It's on life support.
8
posted on
11/24/2008 3:13:05 PM PST
by
marshmallow
(USA: Bailout Nationm)
To: freedumb2003
9
posted on
11/24/2008 3:13:12 PM PST
by
erkyl
(The hottest places in hell are reserved for those who, in a period of moral crisis, stay neutral)
To: marshmallow
Bush Says Citigroup Deal Needed to Protect SystemAnd in a more just age, a man like Bush would have been publicly horsewhipped for betraying the publics trust. I look forward to evicting this half-wit from The Oval Office.
10
posted on
11/24/2008 3:14:11 PM PST
by
E. Cartman
(Washington, DC: Where the inmates really do run the asylum.)
To: trumandogz
So Bush is saying that Marxism is needed to protect Capitalism.Maybe this is what Papa Bush had in mind when he first spoke of "voodoo economics" 28 years ago, now.
11
posted on
11/24/2008 3:15:47 PM PST
by
E. Cartman
(Washington, DC: Where the inmates really do run the asylum.)
To: trumandogz
So Bush is saying that Marxism is needed to protect Capitalism.Maybe this is what Papa Bush had in mind when he first spoke of "voodoo economics" 28 years ago, now.
12
posted on
11/24/2008 3:15:51 PM PST
by
E. Cartman
(Washington, DC: Where the inmates really do run the asylum.)
To: trumandogz
So Bush is saying that Marxism is needed to protect Capitalism.Maybe this is what Papa Bush had in mind when he first spoke of "voodoo economics" 28 years ago, now.
13
posted on
11/24/2008 3:15:51 PM PST
by
E. Cartman
(Washington, DC: Where the inmates really do run the asylum.)
To: marshmallow; Beckwith; LucyT; Fred Nerks
Bush Says Citigroup Deal Needed to Protect System?
Let me fix that:
Bush Says Citigroup Deal Needed to Protect the Arabs 20% of Citicorps holdings
There fixed it.
Now if the Arabs would only purchase 20% of Ford, GM and Chrysler, they could be bailed out too!
Follow the Arab money, and you follow the bail.Buy low stock and wait for the bounce.
14
posted on
11/24/2008 3:16:27 PM PST
by
Candor7
(Fascism? All it takes is for good men to say nothing, ( member NRA)
To: marshmallow
George W. Bush:
The New World Order's obedient errand boy and sock-puppet.
The guy is certifiably nuts, OR is drinking heavily again.OR quite frankly, BOTH.
A trainwreck of an administration is not happy launching as many locomotives over the cliff with OUR money in them.
The sooner he retires to his 300 acre fortress in Paraguay, the better.
15
posted on
11/24/2008 3:16:39 PM PST
by
AC-130 Gunship
(ZERO-Hussein 0sama is NOT my President)
To: trumandogz
Where have all the Bushbots gone? To hell, hopefully, along with the McCainiacs and the rest of the spineless quasi-Socialist RINO traitors.
16
posted on
11/24/2008 3:16:52 PM PST
by
rabscuttle385
("If this be treason, then make the most of it!" --Patrick Henry)
To: oldbill
How many more of these deals will be needed to protect the system?Stealing the lyrics from an old favorite:
"99 fed'ral bailouts on the wall,
99 fed'ral bailouts,
Give one to Citi and pass it around,
98 fed'ral bailouts on the wall."
The only difference is when you get down to zero bailouts, they'll declare another emergency and restart at 99.
17
posted on
11/24/2008 3:17:03 PM PST
by
Night Hides Not
(Don't blame me...I voted for Palin!)
To: boxer21
We can’t bail out a failing auto industry but bailing out a failing banking industry is a dire need.
Why don’t they just tell us that martians are holding us for ransom and we need to pay them off or they’ll destroy the earth? It would be just about as credible.
18
posted on
11/24/2008 3:17:37 PM PST
by
cripplecreek
(The poor bastards have us surrounded.)
To: oldbill
“How many more of these deals will be needed to protect the system?”
Many forever. No side is talking about reforms, new laws and the rescue of old laws, to protect us. A lot of Republicans drank the “deregulation” kool-aid, the Democrat’s are in the pocket of Wall Street finance. Have been since Milken era.
19
posted on
11/24/2008 3:18:47 PM PST
by
Shermy
(Rush Limbaugh is an agent of Saudi Arabia. At least Aramco, basically the same thing.)
To: AC-130 Gunship; All
Nope, I was wrong;
GW Bush purchased 100,000 acres of land-locked Paraguayan soil for God knows what.
20
posted on
11/24/2008 3:18:47 PM PST
by
AC-130 Gunship
(ZERO-Hussein 0sama is NOT my President)
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