This really makes me wonder why ?
Excite News - AP study finds $1.6B went to bailed-out bank execs
It's never going to end.
Excite News - AP study finds $1.6B went to bailed-out bank execs
It's never going to end.
Nope. The genie is out of the bottle now. The precedent of "Privatise profits, socialise losses" has been set.
Now watch the USD tank out as the Fed tries to print enough money to cover this. I've been crunching numbers on this all last week and it only has bad results.
Kiss da ring bitch.
and by the way.... let's be clear on the two big bailouts....
a small but fair amount of the banking bailout was to keep the overall system afloat ... mostly in terms of confidence, but some monetary. we'd alllllllll be f'd (around the world) if the US banking system went into a free fall (regardless if it recovered within a year).
the auto bailout... is pointless, and avoiding reality... and is payback for big union donations. companies fail, and those 3 were already in the toilet.
net-net... the major wirehouses fold... credit, banks, loans, and the overall economy (which includes cars, as well as Starbucks) are buh-bye.
the big three fold... or scale back (i.e. Ford makes only trucks)... ppl can still buy cars, get to work, and Hillbilly Mobiles still make left-turns only round an oval somewhere in North Carolina.
Good one. That's a funny site. I liked "The Chicken" and this one:
If anyone wants someone to blame, they should blame the greed of everyone involved, and that does include most of the public in the United States. Nobody made people shop till they dropped, buy huge houses, expensive autos, and eat out nonstop. The United States had an orgy, and the rest of the world came to the party.
Material things don't make you somebody just like having a big penis doesn't necessarily make you more of a man or a better lover.
Rents are going up because too many people can no longer afford a home.
Also, people in the US embracing cheap imports at the expense of manufacturing jobs at home was the death nail in the coffin.
For several years now, J D Power and associates, have reported that vehicles made by US manufacturers have been rising in quality. Mercury was rated higher in owner satisfaction than Honda. People get ideas in their head and never change them. It's like people thought US made electronics were junk. Consumer reports rated Zenith not only as top in quality but a best buy. Peeps still bought imports, and Zenith went bye bye.