View Single Post
Old 01-15-2009, 12:04 PM  
sortie
Confirmed User
 
sortie's Avatar
 
Industry Role:
Join Date: Mar 2007
Posts: 7,771
Quote:
Originally Posted by kenny View Post
See.. we setup this bailout package to ease lending to fix the economy. Lower the FED rate to help inject capitol to ease lending. What does the bailout banks do? Lets look at Citibank (45 Billion bailout plus insurance for securities)



Raised interest rates to its consumers. (Exact opposite of easing lending)

Spent $400 million for the naming rights of a baseball stadium.

Leased oil tankers so they can physically hoard crude oil to inflate prices.


Atleast we know who runs this country..



Same ol' same ol'.
__________________
sortie is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote