For those who want bailout money, here is the trick

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  • EscortBiz
    Fuck Checks, CASH only!
    • May 2002
    • 19422
    #1

    For those who want bailout money, here is the trick

    There is billions of dollars available but if you want any of it you have to drive down to DC and not fly, better yet car pool in a green car and show up in a green hat and youll have 500 hippies with signs supporting you.

    This is my tip of the day

    Bruce Feedman

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    • fuzebox
      making it rain
      • Oct 2003
      • 22353
      #2
      My new Gulfstream has a "green" certification because it outputs low hydrocarbons, does this count?

        Comment

        • tony299
          lurker
          • Aug 2002
          • 57021
          #3
          Even if they want 50 billion. When you compare it to the financial industry the 100s of billions thrown at it and basically shit happened. Now these guys are being rung thru the coals,when finance just got a check.

            Comment

            • Slappin Fish
              Confirmed User
              • Jul 2007
              • 2512
              #4
              Originally posted by tony404
              When you compare it to the financial industry the 100s of billions thrown at it and basically shit happened.
              Without finance everything else grinds to a halt, small and big business alike.
              Last edited by Slappin Fish; 12-04-2008, 09:26 AM.

                Comment

                • tony299
                  lurker
                  • Aug 2002
                  • 57021
                  #5
                  Originally posted by Slappin Fish
                  Without finance everything else grinds to a halt, small and big business alike.
                  credit is frozen that was the point of giving them all that money. they arent using it to lend they are just holding on to it.

                    Comment

                    • Slappin Fish
                      Confirmed User
                      • Jul 2007
                      • 2512
                      #6
                      Originally posted by tony404
                      credit is frozen that was the point of giving them all that money. they arent using it to lend they are just holding on to it.
                      It made sure the banks where capitalized well enough to avoid more failures and panic among creditors, like after the Lehman collapse.

                      Credit is starting to "unfreeze", mortgage rates are dropping :

                      http://www.nytimes.com/2008/12/04/bu...?ref=yourmoney

                        Comment

                        • tony299
                          lurker
                          • Aug 2002
                          • 57021
                          #7
                          Originally posted by Slappin Fish
                          It made sure the banks where capitalized well enough to avoid more failures and panic among creditors, like after the Lehman collapse.

                          Credit is starting to "unfreeze", mortgage rates are dropping :

                          http://www.nytimes.com/2008/12/04/bu...?ref=yourmoney
                          from what I saw on the news the 4.5 would only be for new home buys.The money was given to them to lend not keep. Im watching the hearings today and they spoke that its about time to hold the financial industry accountable for the money they were given and that they didnt do what was promised.

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                            • Fletch XXX
                              GFY HALL OF FAME DAMMIT!!!
                              • Jan 2002
                              • 60840
                              #8
                              use fear, it always works.

                              "if you dont give us 16 tril the world is gonna die, kids will be eating in the streets and no one will get Wii for xmas"

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                                • Slappin Fish
                                  Confirmed User
                                  • Jul 2007
                                  • 2512
                                  #9
                                  Originally posted by tony404
                                  from what I saw on the news the 4.5 would only be for new home buys.The money was given to them to lend not keep. Im watching the hearings today and they spoke that its about time to hold the financial industry accountable for the money they were given and that they didnt do what was promised.
                                  We agree, they didn't do what they were supposed to do with it, but neither did the government, originally TARP was for buying up toxic assets, how did purchasing direct stakes in banks come about?

                                  They changed the rules in the middle of the game and expected the banks wouldn't do the same?

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