OK, everybody say it with me, ready?:

OBAMA'S FAULT!!!

Barry did say that the economy was recovering because of the brilliant stealfromus package that he passed but has yet to spend much of the money. All we need now is obamacare and the death panels and everything will be peachy. Don't worry about the banks because Barry's buddy rev. Wright says they are run by "rich white people" anyway.

It's about time these lard asses in Alabamy got a real job. You can't keep running a company on other peoples money.

All we need now is obamacare and the death panels and everything will be peachy.

#2 | Posted by fwthom at 2009-08-14 10:40 PM | Reply | Flag:

WAAAAAAH!!

I guess when you have nothing, just keep repeating the loony shit that has been debunked.

I guess when you have nothing, just keep repeating the loony shit that has been debunked.

Like Rick Perry endorsing Texas secession?

Bush's fault. :-P

If they are insolvent and their assets get sold off to another bank... so what? Lots of companies fail. Banks should be no different.

The branches will still be open, your buck and a quarter will be safe, and the people who work in the branches will continue to work.

So, the stockholders might loose... that's the risk you take when you invest.

It's about time these lard asses in Alabamy got a real job. You can't keep running a company on other peoples money.

#3 | Posted by RingMaster

Same can be said about the government.

If they are insolvent and their assets get sold off to another bank... so what? Lots of companies fail. Banks should be no different.

The branches will still be open, your buck and a quarter will be safe, and the people who work in the branches will continue to work.

So, the stockholders might loose... that's the risk you take when you invest.

_______

That's it in a nut shell. Should have let the rest go down. By now the vacuum created would have been filled and we would be in recovery.

that's the risk you take when you invest.

#7 | Posted by 1libertarian

There is a new consideration now. It is whether the place you invested is on the 'bail-out-able' list or not. If they are, then you don't have to worry about them making sound business decisions. If they fail or collapse under the weight of their own incompetence, the gov will just bail them out.

Wasn't BB&T (the bank buying colonial) one of the banks that was bailed-out earlier this year?

They have not repaid yet but they have announced their plans to repay.

I guess Colonial wasn't on the "too big to fail list". Or, at least, didn't grease the right palms in the Obama Administration.

Colonial was the worst-run bank in the state of Alabama. And in an Alabama that includes a Regions Bank, that is really saying something. Still, they did a lot better than Citi or BOA, and courtesy of the Bushies and the Obamites, they're still around.

Bye. Don't let the door hit your ass. They have the right to fail, and they did. Lets not throw more money at them when they can't fucking run a business as it is - apparently.