Economic Bail Out

Y

YT.SKEEZE

Member
So as many of you probably know half of the 700 million has already been spent and is unaccounted for. Henry Paulson's genius plan to bail out his Wall Street Cronies worked.

May I ask how did Congress and the American public let this happen and how is he not being charged with a conflict of interest?

The former CEO of Goldman Sachs (2007) devises a plan to give hundreds of millions to Wall street friends and people take it seriously. What more the fine print of the bill essentially states the the American government cannot question where the money went or take any action. What the fuck is wrong with this country. I really hope a new era of politics has begun.

End of Rant.
 
Because people are uninformed, lazy and just don't give a shit normally. They delegate all their rights to people they corrupt people they "hope" will make good decisions with their money and then they are surprised and shocked when it turns out the other way around. It's sad but true.

The other day I heard some girl say, "ewwww, I hate politics. I voted for Obama."
 
haha, that made no sense at all.

this is what it should say:

They delegate all their rights to people that are corrupt in hopes
 
“Insanity: doing the same thing over and over again and expecting different results.”

guess the quote NS...

what are we on round 3 of bailout/ stimulus?

 
Einstein nigga

and yeah, something like that. we're just burning money right meow. borrowing money from the fed on interest and throwing it at the economy hoping it will stick but instead it incinerates.
 
Atleast Obama is putting the other 350 million on hold but when he does spend it to stimulate the economy I doubt it will do much. I think that time is the only answer.
 
to all you uniformed children. who only know what the media speiws at you. lets see first 85 billion went to AIG in the form of a secured loan it came with what amounts to a 13.5% interest rate being paid back to the governmet, citi took about 205 billion this to was in the form of a loan this loan only offered at a little lower rate of about 6% (some of that 205 bill also went to buy up some hugley dicounted cmo's on citis balanc eshhet as well. so there is 290 billion so were are missing what some 60 billion, (hartford life 10 bil, lincoln finacial 3 bil, state street 6 bi, ambac and other bond insurers 25bil , freddie and fannie fall out 15 bil,) so there is 59 billion so we have about 1 bil unaccounted for. this was prob spread over a few institutions for operational issue with regaurds to the bail out. and its not like the government is just handing out our money, it was all issued as loans or purchase of actual assets.

let me ask u this, how much did the governmet lend christler in 1980 nto bail out lee iaccocca? i think it was around 8 billion, how much did the government get back on that 8 billion hm,mmmm ui think they recieved 17 million back by 1987 so the gov bailed out a company and made a profit of 9 billion over 7 years. now fast forward 1989 S&L scandel cost the government 37billion. and the same arguements were floating around then about it as are now. lets see by 1998 do you know the total paid back on that bail out money 98 billion, so lets see that would be a 61 billion dollar profit.

so yea lets just let the banking system go under so there is no money for companies to borrow to cover short term liablities agains long term accounts reciecables. that makes sense let puty the money into better use like welfare. or how bout actually knowinb about a subject before opening your little mouths about shit. i am not syaing i liked bush or his policies and also not stating an opinion about obama eithe rall i am saying is before soputing off media hype lets look at facts and supporting arguements and relize what it is that cnn is actually selling you
 
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