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105 Comments
- inactive, on 01/31/2009, -1/+42What else would you expect of sharks once they smell blood in the water?
- thoughtsonthis, on 01/31/2009, -2/+43Thank you for that list. It is mind blowing.
- inactive, on 01/31/2009, -1/+33What is amazing is that JP Morgan, who purchased WAMU raised their interest rates on credit cards to almost 30% right after they received the bail out money. Almost all banks have added a yearly membership fee between $20-$60 on each of their credit cards.
On person we know received a bill from Chevron that listed cash advance interest of 54%. After calling the credit card company they were told it was a typo. Sure!! - NorthMass, on 02/01/2009, -0/+20Wait a second, aren't banks supposed to offer us a line of credit, not the other way around?
- adamb10, on 02/01/2009, -6/+22So whos paying for this? I shouldnt have to pay for the automakers ***** up.
- Stoneman89, on 02/01/2009, -3/+19Damn it feels good to be a bankster, a real bankster ass ***** plays his cards right...
- skinnyskittles, on 02/01/2009, -0/+16Not that we ever had real capitalism, but I know what you mean.
- sangjmoon, on 02/01/2009, -11/+27What nobody is talking about is inflation. If you were able to press the Democrats for an answer, they will admit that inflation rate will go into double digits after the stimulus plan takes effect, but they are praying that it stays in the teens. Nobody knows how bad inflation will be and when it will start increasing drastically, but over 20% isn't unlikely and over 50% is still significantly possible. Although not likely, inflation rate reaching and going over 100% is a non-zero probability. What this means is that all the money this stimulus plan is handing out will be sucked up by inflation and will continue to suck up our money after that. This isn't even taking into account the huge increase in money creation caused by the bulk of the baby boomers retiring and drastically increasing expenditure in Medicare/Medicaid and Social Security. It might be a good time to start stocking up on non-perishable food items and gold ETFs now.
- alwilson, on 02/01/2009, -0/+15I just noticed that Chase was on the list. They just bought out Washington Mutual! They are using the bailout funds to buy other banks and they take the failing bank funds and buy more banks. Genius! Wait and see, if we survive all this, the banks that get the most money will emerge as a monopoly.
Our forefathers just rolled over in their graves. - pointsguy, on 02/01/2009, -8/+22Disgusting
Ron Paul 2012 - macmcraeart, on 02/01/2009, -3/+16Democrats? Republicans? You really still believe that there is any real difference? They are two factions of the same party. They both worship mr. keynes. And they are both on the take it would appear.
- macmcraeart, on 02/01/2009, -2/+15The whole concept of a bailout is just laughably wrong headed. Our system needs to be totally reformed.
- virtualmachine, on 02/01/2009, -0/+13How about the other $2 trillion from the Federal Reserve in a classic smoke and mirror's maneuver?
http://www.bloomberg.com/apps/news?pid=20601109&am ...
- Dennisisok, on 02/01/2009, -3/+15$700 billion? What about the other $8.5 trillion?
- justaskyourmom, on 02/01/2009, -0/+11ONE HUNDRED MILLION DOLLARS for Olmsted Falls City Schools??!
WTF
"Olmsted Falls and Olmsted Township are growing suburban communities located southwest of Cleveland, Ohio, with a combined population of approximately 18,500 residents. This picturesque and historic community is primarily residential with a median household income of approximately $57,800 per year"
Less than 20,000 people and they want ONE HUNDRED MILLION DOLLARS?!?
http://www.ofcs.k12.oh.us/districtNewsArticle.aspx ... - Lorddias, on 02/01/2009, -0/+11Have the Govna go back in time and ... ah yeah whatever.
- Ymeg, on 02/01/2009, -7/+17Poor Capitalism. The government's unskilled hands are killing you.
- SpacePoet, on 02/01/2009, -0/+9Obama wants to cap any CEO's pay that uses our money and i'm all for it. What the hell is the plan to get this money back?
- sgyoung, on 02/01/2009, -1/+9la la la I can't here you! *3 years later* "well, we should have listened to that guy I guess..
- Bisquick, on 02/01/2009, -0/+8I am a moron =(
- Sarxx, on 02/01/2009, -0/+7Paying off debt with more debt makes sense.....
- slickmick, on 02/01/2009, -0/+7Capitalism isn't the enemy -- it's what's lifted billions out of poverty.
Corporatism is the enemy -- it's what keeps billions in poverty. - inactive, on 02/01/2009, -1/+8I've applied for the funds too. This upcoming vacation trip I'm gonna be rocking my balls off in my brand new yacht!
- EntangledPhysx, on 02/02/2009, -0/+7Yes, DO blame the government. They didn't over-see what they should have been with wall street, and they over-regulated the housing market. Ta-da, look what we have!
- jmreid, on 02/01/2009, -0/+6You must work for one of those banks.
- macmcraeart, on 02/01/2009, -1/+7Yeah right. And no republicans voted for the first "stimulus" package - and they had nothing to do with getting us into this massive hole either. Right? Wake up.
- martoq, on 02/01/2009, -1/+7That list really pisses me off.
- pointsguy, on 02/01/2009, -1/+7Ralph Nader:"The Principal difference between the Republican and Democratic parties, with certain exceptions, the principal difference is the velocity with which their knees hit the floor when corporations pound on their door."
http://www.youtube.com/watch?v=g8pEOLwmdpQ#t=9m45s - xxslants, on 02/01/2009, -1/+6Wow, that's crazy that we can see where the money is going down to every dollar. As it should be!
- inactive, on 02/01/2009, -3/+8It is indeed, a tarp.
- inactive, on 02/01/2009, -1/+6Everybody say it with me now: stagflation. We're all going to be hearing that word often in the years to come.
- Lorddias, on 02/01/2009, -0/+5That's $1 Million not just a buck if that's what your asking.
- renanrrinaldi, on 02/01/2009, -0/+5Who is gonna bailout me?
- ihatediggcom, on 02/01/2009, -0/+5well the numbers are supposed to be in millions
- slick51, on 02/01/2009, -0/+5You know...I think I've been pretty level-headed about this whole economic situation so far. But this really just pissed me off.
- byrdboy, on 02/01/2009, -0/+5Did you pass high school economics?
- specialK16, on 02/01/2009, -1/+5So, where am I in that list again?
- inactive, on 02/01/2009, -0/+4Hopefully the bailouts will allow their kids to buy the porsches they had to put on lay by.
They are the ones who have suffered the most. - rewinn, on 02/02/2009, -0/+4If we're buying these companies, we need to start managing them.
- rewinn, on 02/02/2009, -0/+4At the same time, there's huge deflationary pressure from the collapse in consumer demand.
Anyone who thinks an extra Trillion of debt piled onto the existing 10 Trillion of debt will launch an inflationary spiral is just an idiot. - Thomaschaaf, on 02/01/2009, -0/+4No tesla :(
- Azdak, on 02/01/2009, -0/+3Imagine my confusion when I first read the list and didn't notice that the amounts were in MILLIONS of dollars.
- tgc1, on 02/01/2009, -0/+3Yeah, I wonder what kind of interest rate you guys are offering them. I suspect 0% but in a non-brain-dead world you'd stick it to them just the way they stick it to us.
- virtualmachine, on 02/01/2009, -0/+3I don't know why you were getting dugg down for stating the truth.
- greenroom628, on 02/01/2009, -1/+4poor capitalism. the greedy banker's hands are killing you.
- joot2112, on 02/01/2009, -0/+3And when they don't pay us back, can we take them to court?
- vbullinger, on 02/01/2009, -0/+3Well, you're a rich, white CEO who's well connected in the government, right?
Oh, wait, you're not? Oh, well then no one. - ryan83189, on 02/01/2009, -0/+3See the "Approved by Congress - $350- billion"? That was you.
- junkneo, on 02/01/2009, -1/+4Fidelity Southern - Texas ratio = 77.4. Worst Bank - $43 million.
State Street - Texas ratio = 0.0 Best Bank - $2 billion. Why do they need 2 billion if they are best. - sybilll, on 02/01/2009, -0/+3If you want to see the breakdown of the Stimulus by project/city/state, see http://www.stimuluswatch.org/
$17.5 BIL to Puerto Rico, $100K for doorbells............. -
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