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Nickelless
Administrator
USA
5580 Posts |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
 Posted - 04/11/2009 : 09:31:35
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They can do anything they want, they are the rulers....
I'd like to get a moment alone with each of them, Paulson, Bernanke, Dodd, Obama, Geithner, Bair (maybe not Frank...) and ask them;
What color is the sky in your world?
Contingent liabilities my rear-end. Shakespeare had it right, kill all the lawyers, kill them all tonight.
Kiss another Trillion good bye Amerika, but don't worry, they'll just print more.
There's a good video on youtube describing how this PPIP investment thing is supposed to work. It's a pipedream, like flying cars. However, the narrator described the scenario that they are probably heading towards which would be that the banks, in collaboration with investment houses, setup straw companies to invest in the program, using bank money and Fed money. Then when they lose, the bank has been able to get the sludge off of their books at a much smaller loss.
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/11/2009 : 17:49:39
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| Not only that, but now even insurance companies are "no risk" at the taxpayer's expense if they are "too big to fail". |
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Think positive. |
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El Dee
Penny Hoarding Member
USA
547 Posts |
 Posted - 04/11/2009 : 23:04:15
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quote:
Originally posted by Delawhere Jack
I'd like to get a moment alone with each of them, Paulson, Bernanke, Dodd, Obama, Geithner, Bair (maybe not Frank...)
You forgot Big Dog Greenspan. 
The PIPP thing is just more of the same old easy money cra pola that got us to where we are. |
Trust the government? Ask an Indian. |
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"No-risk" insurance and the FDIC
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