Dr Grump
Platinum Member
What say you Repub apologists..
My bold...the bold in Chanel's posts could be relate to any one of a number of things the Repubs are relying on their constituents NOT to know...
Originally Posted by chanel
50 billion slush fund cool with you?
I personally don't know enough about it to have an informed opinion, but no one supports more bailout money. Well almost no one.
I know. That's why the Republican Party is lying to you. They are lying to you about what this bill is about.
Originally posted by Toro
Wall Street doesn't want this because the fund will be paid for by Wall Street. It will not be funded by taxpayers. That's why the banks are against this. Wall Street has been bailed out by taxpayers. They want to be bailed out by you, me and everyone else the next time they fail. They don't want to pay for their own bailout fund because it requires capital that they can use to make themselves more money. Instead, they want to be able to dump their problems onto you, just like they did over the past two years. They keep the profits and you take the losses. This fucking infuriates me because people are making millions and millions of dollars while taxpayers get saddled with the losses.
Wall Street is pouring money into Republican coffers to kill this bill, or at least water it down. So the Republicans are on the floor, trying to link this fund to government bailouts. Killing this provision will make it far more likely that taxpayers will bail out the next Too Big to Fail financial firm. This is what the Republicans are supporting.
Read more here.
http://www.theatlantic.com/business/...ailouts/39022/
My bold...the bold in Chanel's posts could be relate to any one of a number of things the Repubs are relying on their constituents NOT to know...
Originally Posted by chanel
50 billion slush fund cool with you?
I personally don't know enough about it to have an informed opinion, but no one supports more bailout money. Well almost no one.
I know. That's why the Republican Party is lying to you. They are lying to you about what this bill is about.
Originally posted by Toro
Wall Street doesn't want this because the fund will be paid for by Wall Street. It will not be funded by taxpayers. That's why the banks are against this. Wall Street has been bailed out by taxpayers. They want to be bailed out by you, me and everyone else the next time they fail. They don't want to pay for their own bailout fund because it requires capital that they can use to make themselves more money. Instead, they want to be able to dump their problems onto you, just like they did over the past two years. They keep the profits and you take the losses. This fucking infuriates me because people are making millions and millions of dollars while taxpayers get saddled with the losses.
Wall Street is pouring money into Republican coffers to kill this bill, or at least water it down. So the Republicans are on the floor, trying to link this fund to government bailouts. Killing this provision will make it far more likely that taxpayers will bail out the next Too Big to Fail financial firm. This is what the Republicans are supporting.
Read more here.
http://www.theatlantic.com/business/...ailouts/39022/