Another Failed Bailed-out Corporation, and More to Come

Discussion in 'Economy' started by Si modo, Nov 16, 2009.

  1. Si modo
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    Si modo Diamond Member

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    CIT's bankruptcy raises new questions about bailout

    What a colossal waste of money.
     
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  2. The Rabbi
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    The Rabbi Diamond Member

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    The TARP ceased being effective when it was extended to non bank financial institutions. Then it became simply a trough for the pigs to feed at and a way for the gov't to control them.
    Laughably, the obama administration now is talking about using the rest of the money to pay down the deficit. Where the eff do they think the money was coming from in the first place??
     
  3. dilloduck
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    dilloduck Diamond Member

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    The fed giveth and the fed taketh away.
     
  4. uscitizen
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    uscitizen Senior Member

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    Yep TARP was Wrong. Obama should not have started it up. Ohh wait....
     
  5. Neubarth
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    Neubarth At the Ballpark July 30th

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    This is the most ethically corrupt administration in American history. It has to be removed.
     
  6. The Rabbi
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    The Rabbi Diamond Member

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    I thought Obama was there to end the failed policies of Pres George W Bush. Oh well....
     
  7. Tony_S
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    Tony_S Member

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    Barack Obama = George Bush's third term.
     
    Last edited: Nov 16, 2009
  8. eagleseven
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    eagleseven Quod Erat Demonstrandum

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    Indeed, sans the cowboy aesthetics.
     
  9. KentuckyThinker
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    KentuckyThinker Member

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    I look at it as more like Bush 41's 6th term. :)
     
  10. Neubarth
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    Neubarth At the Ballpark July 30th

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    All I know about failed bailed out institutions is that GM just lost another Billion Plus dollars and has the audacity to talk about paying back the government. Will they go the route of Ford and issue Billions of stock shares to dupes who think they have value so they can pay back the Gov??? They do not look capable of making a profit by manufacturing and selling cars and trucks, so they might as well go the shares route before declaring bankruptcy again.
     

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