More Welfare for Wallstreet

[nightsky]

It's the gift that just keeps on giving: Now Philadelphia, Phoenix, and Atlanta want a piece of the plunder:

http://news.yahoo.com/s/nm/20081114/us_nm/us_bailout_cities_1

 

[Finch]

Note that I said "lazy" and not disabled.

A little reading comprehension there...

hehe.........

I know. It just felt like saying that.

 

[Finch]

Bump. The bailout did not pass.

At a news conference in the Capitol, Ms Pelosi said: "Until they show us the plan, we cannot show them the money."

Thats one quote I could find, though I think the republicans had it right this time and that these industries need to change.
So, no blank checks for the auto industry. I think some form of suport will pass in time, but no blank check is good.

 

[RL7836]

I think some form of suport will pass in time, but no blank check is good.

They'll get money. IMHO, the real questions are: How much? When? What strings (which will be largely ignored anyway)? & How many times do they get to dip into the well?

The 'made-for-media' moment was when one congressman asked how many of the execs flew to the hearings via commercial airlines - - followed by "Let the record show that no hands were raised" ....

 

[nightsky]

And the saga continues...

http://www.bloomberg.com/apps/news?pid=20601109&sid=arEE1iClqDrk

U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit

Nov. 24 (Bloomberg) -- The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday.