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Thread: Bailout, Bailout, come get your Bailout...

  1. #1
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    Bailout, Bailout, come get your Bailout...

    Just reading this about the proposed bailout of freddie-mac. Anyone else see a problem here? Notice that this bailout is on top of the already 29B spent to cover Bear Stearns Co. Notice JP Morgan is also a partner in the new proposition. Who's the 2nd biggest contributor to campaigns? Hedge Funds, aka banks. The two combined bailouts will cost the taxpayer more than the ENTIRE FEDERAL EDUCATION BUDGET.

    Incidentally, we are still paying for the S&L bailout from the late '80's for the same friggin' problem, bad mortgages and bad loans. Have we learned nothing?

    Oh well, let's get back to complaining about salaries and unions again because they certainly are the number one problem facing our country.

  2. #2
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    Just when we start to see a glimmer of hope on the financial horizen, like the barrel of oil price going down....BAM....another whopper hits us between the eyes.


    Im waiting to see what GM, Ford, and Chrysler (Cerberus) end up proposing to the gov't for their bailout terms....gonna be a long, miserble Winter I forcast.....

  3. #3
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    And all of these run-ups leave WNY behind. Thankfully, I guess. We never see the peaks, but then again we never crash as hard.

  4. #4
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    Its 4am, and I just awoke from a weird dream along the lines of this post. Something happened to john McCain, and Sarah Pahlin won the subsequent nomination, and then the election, becoming the first female POTUS. However, the US economy crashed, and allowed Americans to blame in on a woman! But then nobody got mad at her with those schoolmarmly goodlooks and the little babies in the White House, so everybody just went 'awwww'......and our country collapsed and went into the second depression.......

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