These fucks have no idea what they are doing with the TARP, and are going to just throw more good money after bad.
Banks won't lend for two reasons:

1. They are already leveraged to the hilt or beyond.

2. There is zero confidence that anyone or any business will be able to pay back the loans.

The only way for the overleveraged banks to recover is to declare bankruptcy. Screw the creditors. They more or less took delivery of stolen merchandise from a dictator. If they have an issue with it, they can take it up with Bush, Dick and the Fed. We should deliver all of them the Haig, along with Paulson, ASAP.
PS: We should hand out a billion to every state for each rep and senator with a 30,30,30, 10 requirement. Green Tech, Infrastructure, State expenses and unemployment, Schools & Education.
Then get the fuck out of Iraq and Afghanistan and let the Bush tax cuts expire. We will have a balance budget in 3 years.
 


by sisco66 on 02/10/2009 07:53:39 PM EST

hidden overseas by pefidious "US" corporations and individuals that have dumped their US citizenship to avoid the IRS.

by gatekeeper50 on 02/11/2009 01:18:41 AM EST

[ Parent ]
We should be freezing those assests, along with assests of those who played key roles in economic meltdown and war.

We knew after Enron that this ponzi scheme was a bad idea. Greenspan should hang.

by sisco66 on 02/11/2009 02:35:00 AM EST

[ Parent ]