Thread: The Bailout
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Old 12-17-2008, 10:45 PM
BlueAngel BlueAngel is offline
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Join Date: May 2007
Posts: 10,799
Default Re: The Bailout

If you needed bail-out funds to keep afloat, how then can you use them for employee bonuses?

Obviously, your bank wasn't insolvent.

Were these bail-out funds merely pay-offs to the banking industry for the role they played in collapsing the real estate market and putting people out of their homes and jobs and helping to further the economic down turn?

In other words, was it a manufactured illusion that these banks were going to go under without an infusion from the FED and a further illusion that they were suffering losses from their bad lending practices so a bail-out (bonuses) could be approved?

Someone made money somehwere from these bad loans and it certainly wasn't the homeowners.

Yahoo!

Last edited by BlueAngel : 12-17-2008 at 10:48 PM.
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