ShittyBank: Helping Create the Next Republican Majority

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Bonestorm

Thrillhouse
Not that everything should be viewed through the lens of whether a decision would get you re-elected, but this just has to be the stupidest idea ever.

ShittyBank:

WASHINGTON (Reuters) - The cost of the government setting up a "bad bank" to buy up toxic assets from struggling U.S. banks could range as high as $4 trillion, according to some experts, Sen. Charles Schumer said on Thursday.

"There are some estimates that if you do a full good bank, bad bank, that it ends up being as high as three trillion dollars, and that's a lot of money that could mess up lots of other parts of the financial system," Schumer told reporters.

"I've talked to various experts. The estimates vary, from one to four," the Senate Banking Committee member said.

Asked if banks need $2 trillion to $3 trillion in additional bailout funds, Schumer said: "No, not necessarily."
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Christ on crutches. $4 trillion to buy worthless crap. And it's actually being seriously considered. Wowzers. I'd vote Republican after this.



http://www.reuters.com/article/politicsNews/idUSTRE50S5PI20090129
 
And Sumners and Guethner don't want to nationalize them. Just buy their bad debt. It's pretty stunning. But it's a good example of why no one on the left wanted those guys.
 
Vote Republican DH? Aren't you losing site of what mentality got us in theis mess?

Of cousre the republicans were all against the finiancial bailout.
 
Watermark said:
Krugman calls this the dumbest idea he's heard in a long time.

It's socialization of loss and privatization of profit at its worst.
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Well, these are the guys Obama wanted. I hated his economic team picks from day one. People said what do you expect? Oh what do you expect, Krugman? As if Krugman were the one who got us into this mess! As if Krugman is the nut.

I can't get my head around it anymore.
 
uscitizen said:
Vote Republican DH? Aren't you losing site of what mentality got us in theis mess?

Of cousre the republicans were all against the finiancial bailout.
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Well look here, I've been to one World's Fair, a picnic and a rodeo and this is the stupidest thing I've ever heard come over a set of earphones.
 
HUH, you have earphones on your pc to read text?
Darn that invisible browsing thing.

I think I just saw someone with pointy ears walking upside down...
 
uscitizen said:
Not gonna happen, they have been to indioctrinated in the concept of "if it is good for business it is good for America".


the jobless recovery proved that wrong.
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Plus they've been beaten down by fascist neocons for quite awhile now. I know, I used to be the worst abuser.
 
Dungheap said:
Not that everything should be viewed through the lens of whether a decision would get you re-elected, but this just has to be the stupidest idea ever.

ShittyBank:




Christ on crutches. $4 trillion to buy worthless crap. And it's actually being seriously considered. Wowzers. I'd vote Republican after this.



http://www.reuters.com/article/politicsNews/idUSTRE50S5PI20090129
Click to expand...

It also gives them even less incentive to be more responsible in the future with handing out loans, knowing that the government will bail them out.
 
Big Banker Fascist Asshole: You know what we need? Is some idiot who will buy all this trash from us. Hey how about the american taxpayer. Let's force him to buy it with our politicians on the payroll.

Another Big Banker Fascist Asshole: Good Idea! Let's go to our three martini lunch and laugh about it. Isn't life great?

Big Banker Fascist Asshole: You buying?

Another Big banker fascist asshole: Nope. The taxpayers are. Poor fools.
 
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