How do we go about dragging the asses of those in Congress who wrote this bill and voted for this bill in front of us to explain this monumental stupidity?

drjohn on December 20, 2008 at 8:41 AM

I suggest pitch forks, torches, tar and feathers might be the first step.

And the US tax payers said unto Pharaoh, “Let my money go.”

Does anybody know how to send a frog plauge to this guys house?

The Govt is bankrupt. It has no money. They went overseas and borrowed money and then gave it to the banks.

How do we go about dragging the asses of those in Congress who wrote this bill and voted for this bill in front of us to explain this monumental stupidity?

This is huge and of the utmost importance. And they have been absolutely derelict.

The Fairness Doctrine? Crap.

What we need is a responsibility doctrine.

But then that would expose the incompetence of congress, so maybe they are just saving congress from themselves.

and the person we elected accomplished nothing in this august body?

The government told banks what to do in the first place. Maybe we should let banks lend the money the old fashioned way, make sure that they can be paid back. If they are sitting on the money they will get no return. I belive that these are combinations of loans and preferred shares that pay interest/dividends.

This means that the banks will be losing $$$ on every dollar they hold.

Not a good business strategy. I say let’s calm down, let the banks be banks (the old-fashioned way)

Silver Lining? This is all going to fall into Obama’s lap next month. Good luck, Newby.

anniekc on December 19, 2008 at 6:56 PM

That’s the silver lining and dark cloud all in one. Or so to speak.

We’re being raped, volens, in the open.

We deserve it.

Rape me once, shame on you…..etc etc.

Credit Suisse has a fine idea:

Credit Suisse announced today that bonuses for its top executives would be made in illiquid, mortgage-backed securities. Seeing as these guys are responsible for getting this stuff on the companies books, it makes sense to shove it back to them. And if the market gets liquid again, and the stuff goes up, that’s going to be a huge windfall for execs.

I’d like to see this idea spread. Maybe Congressmen could be paid in Freddie Mac paper and union officials in GM stock. The possibilities are endless

Discover Financial Services is now asking for TARP funds…and they turned a profit in Q4 ‘08!

Mike Honcho on December 19, 2008 at 6:38 PM

Shoots…. and I just got my last cash back

Follow the money.

We try, but the trail is well hidden.

Only one Republican on the Banking Committee, and who is that sitting at the head of the table……………

………… Barney “Banking Queen” Frank himself, who was instrument in causing this whole problem in the first place.

……………. and you see this all over the MSM?

8 Trillion and counting………….. good bye America.