[marshmallow]

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.

[oldbill]

How many more of these deals will be needed to protect the system?

[Gene Eric]

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.

[boxer21]

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.”

[freedumb2003]

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.

[trumandogz]

So Bush is saying that Marxism is needed to protect Capitalism.

Just Great.

Where have all the Bushbots gone?

[E. Cartman]

Bush Says Citigroup Deal Needed to Protect System

And 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.

[Candor7]

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.

[AC-130 Gunship]

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.

[LibLieSlayer]

Yada yada yada... spend spend spend... go to Crawford Mr. President... your replacement has plans for all of the rest of our money that you have not spent yet... we no longer need you to spend what he will just confiscate.

LLS

[rabscuttle385]

The Money, Banking, and Financial Markets Ping List. "Money, not morality, is the principle commerce of civilized nations." —Thomas Jefferson FR Keywords: moneylist, bankinglist, financelist Please tag all relevant threads with the aforementioned keywords. This can be a very high-volume ping list at times. Ping list jointly pinged by rabscuttle385 and TigerLikesRooster. To join the ping list: FReepmail rabscuttle385 with the subject line add  moneylist. (Stop getting pings by sending the subject line drop moneylist.)

[RightWhale]

The next Pres seems to be equally unwilling to explain what the h is going on.

[RetiredArmy]

Rush said today that the federal deficit was going to be somewhere around $1.4 TRILLION dollars this year. He said the US would have to borrow this money to pay for this deficit. My question is this: If all the banks and lending institutions are failing and have no money, WHO is the US government going to borrow all this money FROM??? Are they going to give the bail out money to the banks and then borrow it back at large interest rates?

[PEACE ENFORCER]

The sand people must be dancin’ in their turbins.

[Extremely Extreme Extremist]

NEW TONE BABY! YEAH! Maybe Al Gore should have stolen the 2000 election after all

[HardStarboard]

Just watched the stunned faces on CNBC's Fast Money as Laura Tyson, former Clinton economist and current Obama advisor, told them that even with the $300 billion bailout Citi would be keeping its toxic assets on the books.

Macke made a beautiful comment....."so Citi's worth not what the market says it is, but what the Government tells us it is".

...socalism is truly here.

[Zeddicus]

[Vince Ferrer]

I have a plan. Let the federal government collect all of the crappy debt. Then the states can secede from the union, and D.C. can hold the bag.

[mysterio]

Keep printing that money. I nominate Robert Mugabe as the next treasury secretary.

[JudgemAll]

The system? Kill the base for the system? I think the system must stop!

[ken21]

it’s odd how all of the goldman sachs people,

competent or incompetent,

are moving onwards and upwards into the obamao regime,

robert rubin and 4 of his protogees.

but rubin et al were responsible for the mess.