OT: Another bailout in the making?

On a sunny day (Mon, 14 Dec 2009 13:30:49 -0800) it happened Rich Grise wrote in :

I think it makes sense to protect people against the vultures who designed the scheme to use taxpayers money to play roulette when they lost their own in the same game. But I also think Obamama is losing it, he has no control at all. That could create a reach for the button WW3 precedent...

he's telling the banks it is time to show some responsibility and pay back the help they got and not kill of small businesses by shutting off the credits completely

Thats what the banks all over the world have been told, because they all panicked and went from credit to everyone to credit to noone. Here the government even extended the deadline for some tax payments for business

-Lasse

I thought I'd never hear you say such things!

Republican majority?

Laugh...laugh...laugh...

Do you still think it is 1994?

Or that Raygun Ronnie is still here?

TMT

I'm sure you do believe RR was President in '94.

I don't recall anything in Obama's call that specifed that the loans had to be made to people with no income and no job; The sub-prime mortgage crisis blew up because the banks did exactly that.

James Arthur has claimed that the banks only got into these idiotic practices because the government twisted their arms, but even his research skills have failed to find any legislation that required the banks to find clients who were absolutely certain of not being able to repay their loans.

"Communist"? Rich has been over-indulging in conscious-raising substances again - he's started to sound as demented as Jim Yanik.

-- Bill Sloman, Nijmegen

Its fair comment. It was amusing to listen to them trying=20 to clothe state management techniques in the language of=20 capitalism.