I think we are PI$$ed

[nevermind65]

This has been going on for a while now.

Pittsburg National Bank got almost 8 billion in bailout money. Instead of using it for bailout purposes, they went and bought a local bank, National City. The feds refused to give National City money for some unknown reason. National was one of the top 50 banks in the U.S. and had more holding than PNC and was technically in better financial shape.

This whole bailout is nothing more than a big rip-off. Take from the taxpayers and give to the incompetent. Citi already had 24 billion in bailout given to them, then they went back for more. We, the taxpayers, are getting screwed by BOTH sides.

[wtm442]

Pi$$ed? Not me! Here is my comment on the bailout. Eat this, Bawany Franks and Piccadilly Pelosi.

[Ron61]

Originally Posted by nevermind65

This has been going on for a while now.

Pittsburg National Bank got almost 8 billion in bailout money. Instead of using it for bailout purposes, they went and bought a local bank, National City. The feds refused to give National City money for some unknown reason. National was one of the top 50 banks in the U.S. and had more holding than PNC and was technically in better financial shape.

This whole bailout is nothing more than a big rip-off. Take from the taxpayers and give to the incompetent. Citi already had 24 billion in bailout given to them, then they went back for more. We, the taxpayers, are getting screwed by BOTH sides.

Isn't that about the same thing that B.O.A. did so they could become the largest bank in the U.S.and now they are crying for more bailout money.

Ron

[Dan40]

The $700,000,000,000.00 "Bailout" is named TARP. Troubled [Toxic?] Asset Relief Fund. It WAS clearly defined to be used for relief from bad mortgage assets. $350,000,000,000.00 has already been distributed [spent? wasted?]. How much on troubled assets? Near as I can read, NONE! 350 billion to corruption already and the rest to rapidly follow down the glory hole.
You want honest politicians? With 700 billion on the table and another 2 TRILLION to follow. That's enough to buy the most honest men that ever lived, ALL of them.
Will it ruin the United States? Yes, there is no other possibility.
Do the pols. care? Not at all, they are getting theirs.
You want bipartisan? We got it, TOTAL bipartisan corruption.

Dan

[Fordzilla]

Originally Posted by Dan40

The $700,000,000,000.00 "Bailout" is named TARP. Troubled [Toxic?] Asset Relief Fund. It WAS clearly defined to be used for relief from bad mortgage assets. $350,000,000,000.00 has already been distributed [spent? wasted?]. How much on troubled assets? Near as I can read, NONE! 350 billion to corruption already and the rest to rapidly follow down the glory hole.
You want honest politicians? With 700 billion on the table and another 2 TRILLION to follow. That's enough to buy the most honest men that ever lived, ALL of them.
Will it ruin the United States? Yes, there is no other possibility.
Do the pols. care? Not at all, they are getting theirs.
You want bipartisan? We got it, TOTAL bipartisan corruption.

Dan

Dan, I think you are right on target!