Wednesday, December 03, 2008
Bail Outs 2
Big Three
Hmmm, let me see if I understand this. A couple weeks ago the Big Three flew down to D.C. in their private jets to try to get money to rescue their companies. Congress said, "show us a plan."
One week later the Big Three is set to return to D.C. (not in private jets) with the plan. If it only takes a couple of weeks to figure out what is wrong, why didn't they do it last year - or the year before?
Banks
What exactly are the banks doing with their $700 billion or thereabouts? These are the folks who have been throwing money away to bad credit risks for years now. So suddenly we're going to trust them with $700B of our hard earned taxes?
Mom and Pop
Where does Mom and Pop and their little snack shop fall in this meeting of the financial minds? Do they get a piece of the unknown trillions of dollars we're tossing around lately? Or do they just watch their livelihood get sold for pennies on the dollar?
Me
Yeah, me. OK, so I'm greedy. Do I get any benefits out of this trillion dollar fiasco? I'm one of those idiots who's lived within their means for the past few years. Will I have anything to show except for a drained retirement savings account and a house I can't even sell for what I owe on it?
Labels: government, scams
