I wrote a little while back that I thought the government ought to just give the $700 billion to us taxpayers and let us prime the market. Todays decision by Bank of America just makes me that much more sure I am right. Look at what had to happen in order for the bank to let loose of some cash that we gave them. Sad, sad, sad, that the government didn't put the same oversight on the damn banks that they are putting on the auto industry.
Give these bastads all that money and they hang on to it, give it to the shareholders, the big shots and buy other banks. Loan it out to those who need it? Hell no. Now that the Bish administration has spent the first half do you think they are gonna get their hands on the rest? What the fuck are they doing with the money? $350billion dollars and no one knows what is happening to it. That is sick. Those in Washington, who passed this bill, should be ashamed. Someone needs to have the balls to go to the banks and take the fucking money back if they aren't gonna put it into the hands of those who need it.
Money talks and bullshit walks. I still say that the oil speculators are responsible for this whole fucking mess. Sure the housing market is screwed up but look at the market since the price of oil started to fall. It has fallen with it. Then the banks are given $350billion and they just hang on to it and not help those who need it. Should have given it to us and let us pay on the mortgages, the credit cards, the school loans ourselves. Buy groceries, buy big ticket item, spend spend spend, buy buy buy. Give money to a bunch of greedy bastards and this is what we get.
When workers at a factory have to protest so their management can get a loan, it is just another one of those things that makes you go.....mmmmmmm shit!!!!!
GIVE THE MONEY TO US...We don't need the banks to loan it to us
and then make money off us with interest.
GIVE THE MONEY TO US...We will do what is needed to get the economy
going.
GIVE THE MONEY TO US...All of us who pay our bills on time, sacrifice, stay on budget, help out fellow man and try to do the right thing deserve some help too. Take the $700billion and pay on mortgages and add it to the losses from the 401k's. Sacrifices are being made by us, not wall st.