I Read That The Dems Are Giving Up On The $50 Billion Fund To Prevent Future Bailouts By Taxpayers..

[global1]

is this true? Did the Dems cave to Repugs on this or was I misinformed?

[sinkingfeeling]

1. No, The Democrats have proposed that the banks themselves put up $50 billion to prevent taxpayers

from having to bail them out again. The $50 billion would be used to 'assist' other banks in trouble.

[Abq_Sarah]

2. The money still comes from taxpayers

The government taxes the banks, the banks pass it along.

[sinkingfeeling]

6. How does the bank 'pass it along'? Through fees? You know there are other options besides the

'too big to fail' banks, like credit unions that don't have all those fees.

Doesn't matter anyway, since the proposal to have any pre-paid fund has been scraped.

[global1]

7. Here's The Link To What Was Voted On Today......

http://www.usatoday.com/money/industries/banking/2010-05-05-senate-financial-reforms_N.htm?loc=interstitialskip

[T Wolf]

3. The pukes want us, the taxpayers, to bail out their bankster friends. The Dems

say they want the banks themselves to provide the funds.

Same old shit, different day and context.

[Cant trust em]

4. This idea had tenuous support anyway.

The administration wasn't in favor of it either.

[gratuitous]

5. Thank goodness!

Now that princely 1.25% interest rate on savings won't go down. Probably. Possibly.