Is this complicated?

stevewyshywaniuk:

mikehudack:

southpol:

I think we could also do a better job of explaining that it’s not $700 billion just being given away. We may make money on he deal. Or, at the very least, the financial industry can be made to reinburse the taxpayers via legislation that “recoups from the financial industry an amount equal to the shortfall in order to ensure that the Troubled Asset Relief Program does not add to the deficit or national debt.”

It is not perfect, but the amount of demagoguery against the plan is not justified given the alternative, in my opinion.

Quite right.

You’re right, there does need to be a better explanation of what exactly Wall Street needs. But I’ve got another good idea, Wall Street and the Fed should show a little gratitude for the money. All I’ve heard so far are veiled threats at our way of life if we don’t comply with what they want.

Instead they should be thanking all of us tax payers who pay on time, and all of us who aren’t pulling their money out of the banks. Remember what your mother said, you catch more flies with honey than you do with vinegar.

You’re thinking about this as one party helping out another.  You’re wrong.  This is one party helping itself out.

Cite Arrow reblogged from stevewyshywaniuk
24 notes | | Sep 29, 2008
  1. thesteve reblogged this from peterwknox
  2. brianconley reblogged this from mikehudack and added:
    The people responsible for the predatory lending. (this was a bit of a parallel/horizontal-sequitir) And if that’s not...
  3. winstonwolfe reblogged this from mikehudack and added:
    brianconley:mikehudack:stevewyshywaniuk:...Barney Frank: Did you order the Code Red? John...
  4. mikehudack reblogged this from brianconley and added:
    Who broke the law? Who would you like to send to jail?
  5. brianconley reblogged this from mikehudack and added:
    Send people to jail! That’s what America wants. I mean, if you’re talking about the same United States of America that I...
  6. mikehudack reblogged this from stevewyshywaniuk and added:
    Dude. It’s not Wall Street you’re bailing out. It’s the United States of America.
  7. stevewyshywaniuk reblogged this from mikehudack and added:
    We’re all in this together. without a doubt. Wall Street needs to be fixed. But you’re not going to get anywhere with...
  8. brianconley reblogged this from mikehudack and added:
    Exactly. The wealthy party.
  9. brianconley reblogged this from stevewyshywaniuk and added:
    Look, the question is, how do we hold the bastards responsible. This whole mortgage thing reminds me of a lending scam...
  10. heavysigh reblogged this from southpol and added:
    I guess my problem is just that instantly a 700 billion bailout was proposed, I know that they have probably been...
  11. mikehudack reblogged this from stevewyshywaniuk and added:
    You’re thinking about this as one party helping out another. You’re wrong. This is one party helping itself out.
  12. forthebooks reblogged this from peterwknox
  13. tesslynch reblogged this from peterwknox and added:
    Is 1:50 PM too early to start drinking?
  14. walpaper reblogged this from peterwknox and added:
    capitalism works...way it’s supposed to, new lenders...in...
  15. stevewyshywaniuk reblogged this from mikehudack and added:
    Quite right. You’re right, there does need to be...what exactly Wall Street needs. But...
  16. ineedtoo reblogged this from peterwknox
  17. peterwknox reblogged this from mikehudack and added:
    southpol:mikehudack:wiesen:...credit markets fail entirely, some bad things will happen....
  18. shorterexcerpts reblogged this from southpol and added:
    I’d like to see some more economists (ideally those without significant holdings in companies like Goldman Sachs) tell...
  19. adamiss reblogged this from mikehudack
  20. mikehudack reblogged this from southpol
  21. southpol reblogged this from mikehudack
  22. mikehudack reblogged this from wiesen
  23. inaudiblewords reblogged this from forthebooks and added:
    all just confusing and simply...sound good. My solution
  24. wiesen posted this