Monday, March 16, 2009

The Magic Of Hope!

After all it was just too much to ask that the whole plan be evaluated for risks and consequences before they started handing out $Billions of tax payers dollars.

Details just aren't what juveniles do!

Now just like you'd expect of 10 year old mentalities, they are incapable of focusing on the BIG picture.

Rather than ask where nearly $50 Billion is being spent ........

The Children want to renege on the contracted pay packages that brokers are owed.

You know the fact is that most of these bonuses go to the guys who actually carry the water in the investment and finance business?

So the Great Community Organizer in Chief wants to go after them while ignoring


Bailout Benefits

Banks got $22.4 billion in collateral, $27.1 billion in payments from a U.S. entity to retire credit-default swaps and $43.7 billion tied to the securities-lending program, AIG said in a statement.

Goldman Sachs Group Inc. led beneficiaries, with $12.9 billion, followed by Societe Generale SA, France’s No. 3 bank, with $11.9 billion, and Deutsche Bank AG, Germany’s biggest lender, with $11.8 billion. AIG and the Fed had previously refused to reveal the counterparties, saying the contracts were confidential and that the information could damage AIG’s business prospects.

States, including California and Virginia, got $12.1 billion tied to guaranteed investment contracts.

And of course the Prosecutor and Chief Political Grandstander of NY state is looking for easy targets too.

The USA is in the hands of juvenile chiselers and ignoramuses.

God Help Us!


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Blogger WomanHonorThyself said...

if I hear the world bail out one more time..I'm gunna lose it!

3/16/2009 9:16 p.m.  
Blogger OMMAG said...

Your "gunna" Lose it then!

BTW .... pass it on Gonna is NOT a word.

Even though I like your original twist on the abuse of the English language .... bloggers do get to play fast and loseeh? ... I am really fed up with politicians and MSM idiots mangling the language.

3/16/2009 10:39 p.m.  

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