The bailout thing has been nothing but a good gang rape of the taxpayer from the beginning…..the bags of money delivered to Wall Street by the government has done nothing for the taxpayer and everything for the greedy people on Easy Street…..
The Business journal is reporting:
CIT Group Inc. filed for bankruptcy protection Sunday after its [...]
Posts Tagged ‘Bailout’
Taxpayers Take Yet Another Screwing!
Posted in Business, Economics, Government, News, tagged Bailout, Bankruptcy, Banks, Economic Crisis, TARPs, Taxpayers on 3 November, 2009 | 7 Comments »
A New “Robber Baron”?
Posted in Business, Economics, Government, News, tagged Bailout, Bankers, Casinos, Economic Crisis on 30 October, 2009 | 6 Comments »
Recently I gave a lecture nad we had a helluva battle of words…..it seems those students studying finance believe that what is best for business id best for the country….I did not agree and a war of ideas ensued…..
I tried to point out that we have seen all this financial tap dancing before….back at the [...]
Could It Get Any Worse?
Posted in Economics, Fiscal Policy, News, tagged Bailout, Banks, Economic Crisis, Economic Solutions, Recession, US Treasury on 7 October, 2009 | 2 Comments »
Markets are a yo-yo……foreclosures are rising quicker than the dead in a zombie movie….jobs are flying out of the economy….and manufacturing is at a stand still….so….could things get worse?
The quick answer is ….you bet your ass it can!
Remember all the urgency of the TARP, TALF and ARRA? If we did not do something we would [...]
AIG May Get A New Teat
Posted in Economics, Fiscal Policy, News, tagged AIG, Bailout, Economic Crisis, Insurance, Taxpayers on 23 September, 2009 | 2 Comments »
Surely you remember AIG, the giant insurance compnay that made many bad choices in the markets and then got lots of our money to help them pull through there illness. Remember?
If you have forgotten the company, do not worry they are about to get a new taxpayer teat from which to suck more of our [...]
A Win For Bloomberg
Posted in Economics, News, tagged Bailout, Economic News, Federal Reserve, Lawsuits, Taxpayers on 27 August, 2009 | Leave a Comment »
Recently our government, first under Bush and then with Obama, gave the financial sector a ton of flipping money to help them avoid a crash and burn….money by the way was from the taxpayers…and when they, the Fed was asked to tell the taxpayer where their money had gone, the Fed declined and in turn [...]
Transparency? That Is A Good One!
Posted in Economics, Fiscal Policy, Government, News, tagged Bailout, Pres. Obama, Transparency on 11 August, 2009 | Leave a Comment »
May I see a show of hands of everyone that remembers the Obama transparency plank in his campaign? Just as I thought just about everyone remembers and liked the idea of Washington doings being transparent and available to the public. Sad to say. it is a bit slow on the uptake.
Writing for the LA Times, [...]
What Are The Chances That There Is More Bailouts?
Posted in Business, Economics, Fiscal Policy, Government, News, tagged Airlines, Bailout, Bankruptcy, Economic Crisis, Recession on 29 July, 2009 | Leave a Comment »
We taxpayers have bailed out just about everybody….banks, insurance, Wall Street and auto makers and let us not forgot those darn pesky mortgage crooks. But what is then left that could be in dire straights and need our help….by our I mean the taxpayer, since apparently we have unending funds?
A recent commentary in the Houston [...]
Payback Is A Bitch!
Posted in Economics, Fiscal Policy, Government, News, tagged American Recovery & Reinvestment Act, Bailout, Banks, Economic Crisis, Recession, Regulations, Wall Street on 10 June, 2009 | Leave a Comment »
Reuters is reporting:
The Obama administration is expected to announce next week that a higher-than-expected number of large financial institutions will be allowed to repay their government bailout funds, the Washington Post reported in its Saturday edition.Citing unnamed sources who spoke on the condition of anonymity because the official announcement has not been made yet, the [...]
Take The Money & Shut Up!
Posted in Economics, Fiscal Policy, News, Politics, tagged American Recovery & Reinvestment Act, Bailout, Economic Crisis, Governors, State Politics, State Spending, TARPs on 9 June, 2009 | 2 Comments »
Do you remember all those Repub govs who did not want any of the stim money? Some took it and others did so reluctantly, but there was always one who said he did not want any thing from Washington and that is the Gov of South Carolina, Mark Sanford.
South Carolina—-the third highest unemployment at 11.5%, [...]
Will GM Survive?
Posted in Business, Economics, Government, Labor, News, tagged Automakers, Bailout, Bankruptcy, GM, Workers on 5 June, 2009 | 2 Comments »
By now everyone who can read or hear should know the GM is going into bankruptcy and will get more funds while doing so. They, GM, has already got an ad saying that they are just reinventing themselves not disappearing. That some models will go and some will stay and theat allk is geared to [...]
