Discussion in 'Economy' started by wimpy77, Jan 24, 2009.
what do you guys think about the idea of geither's to have a bad banks to absorb toxic assets?
The bond purchasers took a risk...it failed.
We're not bailing out the banks ya know, we're bailing out the bond holders
Bad idea even having him as secretary of the treasury.
As far as buying any banks bad debt bad idea. These bankers paid themselves millions based on their erroneous earnings statements. The taxpayer should not in any manner have to bite the bullet for their greed and obvious mismanagement.
"Blue sky" loan on thin air and call it good.
"Standard Banking P ractices" Fraud, counterfeiting and creative accounting and abuse of investors and customers.
"Guaranteed loan programs were made for we can loan on Blue Sky while paying ourselves good!"
"Natural disasters are great we can shuffle money our way."
Or how about this one from a vision last year of the bankers in a meeting, "One monkey won't stop this show."
If anyone is to bailout the bankers those same bankers that paid themselves multiple millions while setting up this whole fiasco should be strip and force to repay what they gain by their absolutely decietful practices. Anything less than that is not acceptable.
If anyone thinks for one moment that it is politics as usual and they can keep on with these practices they are in error.
well according to cnbc its looks like its going to happen.
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