The Conservative Cave
Current Events => The DUmpster => Topic started by: Freeper on July 23, 2010, 07:54:27 AM
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Subdivisions Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Jul-23-10 08:51 AM
Original message
President Obama said that taxpayer-funded bailouts will no longer
be used to bailout too-big-to-fail institutions. But Sheila Bair, head of the FDIC, just said on Mourning (NOT) Schmo that "bridge liquidity would be provided" to keep an entity afloat while it is broken up and sold off.
Isn't that still a bailout?
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8800683
Obama also said that health care reform would reduce our premiums.
So it's no shock he lied here too. :lmao:
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Subdivisions
President Obama said that taxpayer-funded bailouts will no longer be used to bailout too-big-to-fail institutions. But Sheila Bair, head of the FDIC, just said on Mourning (NOT) Schmo that "bridge liquidity would be provided" to keep an entity afloat while it is broken up and sold off.
If that's your concern, then that's not the question you should be asking, primitive. The question should be why Congress and the prez passed a new law to do something they already had the right to do, that is, inform a corp that's failed that they would be broken up and sold off.
And a question for you, primitive. There were a bunch of financial advisors and others in the industry who believed that breaking up and selling off was going to happen to Citi, and it wasn't. In fact, if there was ever any corp that, based upon their financial status during this latest crisis, needed to be broken up and sold, it was Citi. If Dear Leader and the Dems weren't willing to pull the trigger then, what makes you think they'll do it should the same circumstances happen again?
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WAIT!!!
Didn't tax cheat Timmy Geitner say that the TARP money loaned out to the banks had mostly been repaid? Doesn't that mean the taxpayers did not really bailout but just loaned the money?
Now the trillions that are going to the unions in the public and private sector will never be seen again.