Because that would cut into the cronies’ bottom line.

And remember, it’s welfare for the poor, and “incentive package”, and “tax breaks” for the cronies.

C’mon… get with the program… ;-)

To me, the interesting thing is that we are giving the companies money without taking ownership. Repubs are always saying they want govt to work like a business.

Well no business is just gonna give another business money for the fun of it. Instead, a business will give another money but in return get a certain percentage ownership of the business (stock, so to speak). Then if the recipient repays the money, they get their stock back.

So why didn’t Congress go with partial ownership of the banks as was floated as a Stock Injection Plan (which appeared one day and disappeared the next) ?

The Bush administration is considering taking ownership stakes in certain U.S. banks as an option for dealing with a severe global credit crisis.
An administration official, who spoke on condition of anonymity because no decision has been made, said the $700 billion rescue package passed by Congress last week allows the Treasury Department to inject fresh capital into financial institutions and get ownership shares in return.
White House considers ownership stakes in banks

I guess being a commie-pinko, big government advocate, regulation-hungry liberal is a bad thing -unless your cronies need taxpayers’ money to bail them out of their own inep decisions

What upset Hank and company on September 18th, just went into hyperdrive. Take a look at the cost to “insure” Morgan Stanley debt. It’s in the stratosphere as of today.

9-10 $300,000
9-15 $450,000
9-18 $900,000
9-19 $560,000
9-22 $498,000
9-24 $790,000
10-2 $975,000
10-7 $1,800,000
10-9 $2,500,000

Bush throwing a final perty for his greedy pig friends?

I read last night that AIG has asked for even more money.

Yeah, like the initial bailout that let them spend half a million on massages and booze really helped the economy…

When a grown man or woman says something so delusionally childish, he or she should seek immediate medical attention.

God luck with your brain injury.

Since you have absolutley nothing to say.
flagged

Well it’s Thurday, just another day in Paradise….

Great post’s all…..P.B.& J

“Negotiations with some members of the Taliban could provide a way to reduce violence…Gen. David Petreaus said yesterday”

Hmmm wonder how John McCain feels about his hero David today! Talk about appeasement! I also wonder what exactly is wrong with talking and finding diplomatic solutions!

Fair enough, which then begs the question of the value of work and the ratio of service industries to production industries in the US economy.

Yes 5th, the value of work is a very good question. Whose work can be worth 50 million a year? What sort of service industries are people who make > 1 million supporting? What sort of service industries are people who make < $50,000 supporting?

You can even break down the service industry into local and distant categories. Local being your restaurant down the street that is suffering because the locals (read – middle class) can’t go out anymore. Distant being the Spa Resort that is suffering because corporations (read – upper class) can’t send people there anymore.

How about the source of wealth of America. It used to be built on making stuff, but America isn’t a nation of makers like it was. More and more the wealth has come from banking and making “vehicles” for making banking richer and richer. Now that has come tumbling down.

Anyway, it’s a mess. My economic knowledge is next to nothing and I hope that the next administration has the insight to look forward and correct this mess.

“Obatma shares my DNA and will be uniquely qualified to understand some of the difficult issues facing mutants in this country and around the world.”

I detect a whiff of desperation…vintage “too little, too late.”

I prefer the “impeachment” variety.