Banks Admit Bailout Won't Work

[rmaday]

Go figure

http://finance.yahoo.com/tech-ticker...Egspc,%5Edji,c

[nwagner]

Originally Posted by rmaday

Go figure

http://finance.yahoo.com/tech-ticker...Egspc,%5Edji,c

I'm surprised that this admission came so dang early! I wonder how the media and the Repugnantcans will spin this ...

[nwagner]

[nwagner]

[Michael Larson]

Originally Posted by nwagner

I'm surprised that this admission came so dang early! I wonder how the media and the Repugnantcans will spin this ...

Hardly a Republican only problem.

The Dems where falling all over themselves to get the "bailout" passed.

[mnahrgang]

Originally Posted by mlarson

Hardly a Republican only problem.

The Dems where falling all over themselves to get the "bailout" passed.

Bipartisanship at it's finest!

I think I like things better when each side stays on it's own side of the aisle.

[David P. Valley]

Originally Posted by rmaday

Go figure

http://finance.yahoo.com/tech-ticker...Egspc,%5Edji,c

Here's Bush's reaction....


That whole damn bailout was a waste of time and money. They simply fed the banks with tons of money (in order to start loaning out to businesses) and now that they feel a little more comfortable with cash in their pockets, they will now hoard this useless bail-out money, because they do not want to feel broke again.

As I stated before, we are in for one rude awakening. And to make it worse, the presidency is even screwed up.

[Steven C. Waskewicz]

The Banks are the problem, started the problems, and continue to feed the problem.
The only thing they should get in the future is a whipping...

[nwagner]

If the damn banks are too much of pansys to loan money, then the fed should just do it themselves, instead of this bulls*** bailout funny business. Bipartisan stupidity at its finest.

[Jack L. Gilleland]

I don't see anyone jumping up to say I have the perfect solution. They didn't listen to the economists that said this wouldn't work and now they are all running around trying to cover their butt. Congress is useless.