It's not a maybe. And don't expect the Treasury to get paid back. The question is how many trillions is this going to cost taxpayers to bail out these crooks?

Why don't they borrow it from the oil companies?

Socialize the loss, privatize the profit.

The neocon agenda.

...should've voted Ron Paul.

"Socialize the loss, privatize the profit.

The neocon agenda."

I never understood why some people get so pissed over welfare for the poor when they support politicians who engage in welfare for corporate entities.

I never understood why some people get so pissed over welfare for the poor when they support politicians who engage in welfare for corporate entities.

It's called 'rationalization' or 'cognitive dissonance'.

The FDIC gets taxpayer money every year. Shouldn't they have been building up a surplus during the years that the economy was booming? Why is the fund "drained" as reported in the article?

"The FDIC gets taxpayer money every year. Shouldn't they have been building up a surplus during the years that the economy was booming? Why is the fund "drained" as reported in the article?"

It was probably looted the same way Social Security was.

So you can't really blame the FDIC for not having the money. Irresponsible spending on the part of our politicians, unrelated to bank failures, is the problem.

Why don't they just cut out the middleman and go ask the chi-coms directly? I'm sure they'd take Taiwan as collateral.

Irresponsible spending on the part of our politicians

Ah yes, the dem controlled congress.

I never understood why some people get so pissed over welfare for the poor when they support politicians who engage in welfare for corporate entities

Posted by sully at 2008-08-28 09:57 AM

Welfare is for lazy, freeloading pieces of trash. Screw the FDIC, let these people lose all their money. This is what you want isn't it?

Cabo,

Sully's point just flew right over your head.

"Ah yes, the dem controlled congress."

Republicans are equally blameworthy when it comes to spending, if not moreso. For one, most of them support a war that has cost us over 549 billion dollars. Next, Bush approves essentially every spending bill that comes across his desk and rarely exercises his veto power.

Bush approves essentially every spending bill that comes across his desk and rarely exercises his veto power.

You are too kind, Joe. In fact, Bush didn't find his veto pen at all until the Dem's regained a majority in Congress. He never once vetoed a pork-laden bill when the Republicans had a majority. Never once.

I know, Jeff. It's pathetic. Our government has gone from one where there was at least one party that opposed reckless spending, to one with two parties who both want to spend recklessly, but on different things.

Notice how at the end of every Rep. administration, the economy is on its a** and the financial system is in crisis. They have the nerve to call themselves "conservatives."

Our government has gone from one where there was at least one party that opposed reckless spending, to one with two parties who both want to spend recklessly, but on different things.

Exactly.

What is funny is that Nullifidian rips on Ray for categorizeing almost all politicians as Leftists given this irrefutible fact.

"What is funny is that Nullifidian rips on Ray for categorizeing almost all politicians as Leftists given this irrefutible fact."

I don't know if they are all Leftists but none of them are conservatives, that is for sure. And I think the GOP is even furhter away from "conservative" than the Dems are right now. Although at the end of the day both parties are pretty much the same thing.

think the GOP is even furhter away from "conservative" than the Dems are right now.

Sadly, very sadly, modern history supports this comment.

I never understood why some people get so pissed over welfare for the poor when they support politicians who engage in welfare for corporate entities.

Posted by sully at 2008-08-28 09:57 AM | Reply |

Because they are told to think that way. Critical thought is a rare commodity.

Why don't they just cut out the middleman and go ask the chi-coms directly? I'm sure they'd take Taiwan as collateral.

Posted by northguy3

The Chinese can already take Taiwan any time they want. What the fuck are we going to do about it, shoot a few missiles?

think the GOP is even furhter away from "conservative" than the Dems are right now.

Sadly, very sadly, modern history supports this comment.

Posted by JeffJ at 2008-08-28 11:01 AM

Please explain.....

WHAT MONEY???

bwaaaaaaaaaaaaaaaaaaaaaaaahaha
haha!

oh, i forgot - they can just print some more if they need it.

"Ah yes, the dem controlled congress."

Republicans are equally blameworthy when it comes to spending, if not moreso. For one, most of them support a war that has cost us over 549 billion dollars. Next, Bush approves essentially every spending bill that comes across his desk and rarely exercises his veto power.

Posted by JOE at 2008-08-28 10:30 AM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

Illegals cost us over 200 Billion a year. Welfare the dame. Lets get ris of all three.

what a fucking joke, none of you no anything about the FDIC and you shot your mouth's off as if you are experts. Currently the FDIC has a big surplus, and most likely won't need to ask for any money. 115 community banks are on the ropes, which is quite small by historic number. it's just that since the last crisis, very few have gone down, most due to fraud or malfeasance.

Banks have underreserved in this decade, and the fdic may be guilty of the same. I brought this up last time we had a retort on weak banks. So what should they do? Change the fee for insurance of deposits, and get rid of the tiering based on basil standards. How many of you know ANYTHING about that, dudes....

The FDIC became a direct obligation of the fdic after the last crisis, because the gov had to create REFCO to fund the late 80's early 90's bailouts. How many of you "dudes" know anything about that last crisis? Did you know that atleast 20% of those failed banks would have made it if the feds hadn't forced them to sell their junk bonds for pennies on the dollar. Those who purchased their toxic waste scored huge profits, those who sold suffered horrible losses...

Not to worry as usual rcade will shit can this thread cause you all are making yourselves sound stupid!!!!

meant = Fdic direct obligation of the US Treasury

dame = same dames are cool also.

jjeezzz.. ris = rid