Failed Banker's Special, All you can eat Free Money Buffet
Henry Paulson and the Obama Administration invite all failed banking institutions to come to Washington and enjoy our trillion dollar tax payer funded all you can eat free money buffet. by Michael McDonnough
(libertarian)
Monday, February 9, 2009
Henry Paulson and the Obama Administration invite all failed banking institutions to come to Washington and enjoy our trillion dollar tax payer funded all you can eat free money buffet. You must take all you can grab and be sure to buy all the smaller banks you can during this special offer.
This is for a limited time only unless of course you convince us that you really really need another trillion and then of course we will dump another huge bucket of barrowed money on the buffet table for you to enjoy.
You must at least say you are going to start lending this money out to the consumers but of course there will be no real oversight and you can use the money for raises and bonuses or for buying other banks so long as you promise not to do it too often.
Once you have gorged yourselves at the public money trust trough be sure to send us those really bad unsecure investment instruments you have been printing up like it was worth something. We will put all of those in a bad bank and hang it around the necks of the tax payer so their great great grand children can pay the interest on it for the next hundred years or so.
A good time will be had by all. Except for those tax payers of course. I guess if the US government defaults it will be ok. After all the Chinese own most of the US debt. In China when the executives in charge of important business sectors fail the government executes them. Lets all hope when they take over the United States in a credit default they do not start implimenting the same policy in the US.
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