And wait until you see the kicker!!!!
(And this piece does not make my print edition, even though it was on the web, huh? Nice CENSORSHIP, BG).
"Uses for $700 billion bailout money ever shifting" by John Dunbar, Associated Press Writer | October 25, 2008
WASHINGTON --First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets.
Loser: The American homeowner and American taxpayer!!!
Also see: Bailout Bill Will Not Help Average Americans
Bailout Bill ignored Homeowners
U.S. Banks Driving Credit Crunch ON PURPOSE!!
Bush Administration Created Credit Crunch Crisis
Then it was about using $250 billion of it to buy stakes in banks. The idea was that banks would use the money to start making loans again. But reports surfaced that bankers might instead use the money to buy other banks, pay dividends, give employees a raise and executives a bonus, or just sit on it.
Winners!
See: Healthy Banks to Get Bailout Bill Loot
Government-Funded Golden Parachutes
Insurance companies now want a piece; maybe automakers, too, even though Congress has approved $25 billion in low-interest loans for them. Three weeks after becoming law, and with the first dollar of the $700 billion yet to go out, officials are just beginning to talk about helping a few strapped homeowners keep the foreclosure wolf from the door.
Winners and loser.
Insurance Companies to Benefit From Bailout Loot
And the auto guys want MORE, huh?
And then there is you, Amurkn homeowner and taxpayer.
As the crisis worsens, the government's reaction keeps changing. Lawmakers in both parties are starting to gripe that the bailout is turning out to be far different from what the Bush administration sold to Congress.
Sigh. Yup, which is EXACTLY WHAT WE TOLD YOU when we called DIP SHITS!!!!! And when you fuck-stick dick-shits passed it, you CROWED about the CREDIT for SAVING the SYSTEM -- all the while RAMMING it to us!!!!
You know, the DAMN CONGRESS NEVER LEARNED!!! After being LIED TO about IRAQ they NEVER LEARNED!!!!! That is why EVERY DAMN INCUMBENT should be VOTED OUT!!!!!!!!
Other planned uses of the bailout money have lawmakers protesting, although it is only fair to note there is nothing in the law that they just wrote to prevent those uses.
Yeah, WE KNOW!! That's why the public is HANGING MAD!!!!!!!
Potential conflicts of interest pose all kinds of problems in finding qualified companies to manage that program. Neel Kashkari, head of the Treasury's financial stability program, told Dodd's committee this past week that there are few strings attached to the capital-infusion program because too many rules would discourage financial institutions from participating. --more--"
Hey, they DON'T WANT OUR MONEY then that is FINE with ME!
Kneel, Cash & Carry is a walking contradiction as it is!!!
"Treasury Secretary Henry M. Paulson Jr. yesterday named one of his former Goldman Sachs colleagues, Neel Kashkari, interim head of the newly created Office of Financial Stability, which will oversee the bailout fund"
Also see: Goldman Sachs' Government Loot Grab
America, YOU GOT ROBBED BIG TIME!!
This "bailout bill" was a SERIOUS LOOTING!!!
