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KLC Lewis KLC Lewis is offline
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First recorded activity by BoatBanter: Jul 2006
Posts: 1,579
Default OT - Can we afford to fix the banks?


"Larry" wrote in message
...
Larry wrote in news:Xns9B83E75D8B5EEnoonehomecom@
74.209.131.13:

"So far, Treasury has invested more than $162 billion in 207 banks. The
department set aside $250 billion from the bailout fund to be used for
direct investments in banks."



http://biz.yahoo.com/ap/081229/gmac_financing.html
Now the corporation finance companies want to become banks so THEY can be
part of the handout!


We could fire the Federal Reserve and return to lawful public money, but I
don't see that happening anytime soon. And no matter what they do, the
taxpayers will take it in the shorts while the ultra-rich stay that way.