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I want the same kind of loan from the Fed that Bear Stearns and JP Morgan are getting...

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Blackhatjack Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 10:33 AM
Original message
I want the same kind of loan from the Fed that Bear Stearns and JP Morgan are getting...
A guarantee of up to 30 billion dollars, no conditions imposed, and a smile.

Sheesh.... is there no end to the 'corporate welfare' in this country?
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jlake Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 10:36 AM
Response to Original message
1. Me too! 30 Billion for everyone! .... and even more if you're worse with your finances.
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enid602 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 10:36 AM
Response to Original message
2. perks
And don't think BofA didn't demand a few perks while purchasing Countrywide.
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Ikonoklast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 10:38 AM
Response to Original message
3. Socialism for the wealthy
Capitalism for the masses.

We are seeing the largest transfer of public money for private use in the history of the world.
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hootinholler Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 11:32 AM
Response to Reply #3
9. Socialism for the corporation, not the wealthy...
:grr:

-Hoot
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shraby Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 10:38 AM
Response to Original message
4. Just $100,000.00 each would go a long way toward
making a lot of people solvent once again. That would help the insolvent financial institutions a lot...if ordinary people could pay their bills.
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merh Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 10:42 AM
Response to Reply #4
6. I like your suggestion.
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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 10:39 AM
Response to Original message
5. What the Wealthy Want, the Wealthy Will GET.
That's the American motto. They just won't admit it.

But hey, let's blame the "Welfare Queens" and "Lack of Personal Responsibility" rather than corporate greed and gladhanding; it's easier than thinking.
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 10:42 AM
Response to Reply #5
7. And the middle class will pay for it
If you refuse to pay your share of the corporate welfare tax you go to prison.

U.S.A! U.S.A! U.S.A!
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Blackhatjack Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 10:43 AM
Response to Original message
8. Two Words that strike fear on Wall Street .. 'hedge funds' ....
Combine that with the other scary word 'derivatives' and you get a sense of where the massive losses are which have not yet been revealed to the public.

Would you do financial business with an entity which has a negative net value once you figure in the losses carried by hedge funds and impact of derivatives? I don't think so. And that is what the Fed to trying so desperately to hide.
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Strelnikov_ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 11:40 AM
Response to Original message
10. Hang a $30b pork chop around your neck
Probably get a lot of wolves sniffing around.
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