This bail-out the gubment is considering makes me so mad I could spit! These banks, WaMu in particular, and the Stock Exchange, in another particular, are crazy.
WaMu spends probably millions on TV ads promoting their freebies, and make freaky loans, and then goes bankrupt and wants the government (read:taxpayers) to bail them out.
And any time a big CEO sells some of his stock, or *gasp* retires, the Stock Exchange takes a hysterical dip, and everyone else gets hysterical. Oh, yeah, and all those CEOs who are bailing out get the golden handshake when they depart. And then their company declares bankruptcy protection.
Hey, taxpayers. Where do you think the billions of dollars are coming from to bail out irresponsible financial institutions? My pocket. Your pocket. Yeah, ours!
Raise taxes. Oh, you bet! Are we in a recession? Yeah. Are we headed for a depression. If we aren't, then I'm incorrectly reading all the signs.
Would somebody like to pay my rent, and maybe make the payments on my car? Then maybe I could afford to paint the apartment and put gas in my car. Dream on.
So hunker down people and get ready to pay. You think your paychecks leave a bit to be desired now? Just wait. And be glad you have a paycheck.
Comments (7)
Let them bail out with a Tin CUP.
And let walls Street do thier oun bailout.
on a follow up thought...could this be related somehow to the fact that Paulson is the former CEO of Goldman Sachs?..
You go girl!
Let me on that soapbox with you!
Hugs, Tiggs
WaMu is my bank. It had me worried, there, but I suppose now that JPMorganChase has bought it, things will stabilize.
My question: Every large bank in the country, practically, has failed or been bought out or rescued. What are we rescuing now?
sometimes I just want to cry, watching this country's economy disintegrate while the Republicans boo-hoo about not getting even more tax cuts for the wealthy!
You know my views.. I don't believe Bush and this scare tactic... he has to have a bail out in the next minute... :( whatever!!
as you wrote on my diary.. we'd be in jail if we'd tried some of these money laundering tactics.