doubleplusundead

October 03, 2008

Credit Markets: I can has moar bailouts?

Getting greedy we are. See, this is exactly the problem. Now they're going to try and hold the economy hostage to squeeze more bailout money out of DC. We've got California demanding bailouts, Detroit already got the auto bailout. Hey, let's bail everyone and everything out!

Know what, let them sink, enough is enough. Frankly, someone ought to write a bill to repeal the $700 billion bailout for this insult.

Posted by: doubleplusundead at 09:48 PM | Comments (3) | Add Comment
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1 You're right. We've had this plan in place for 7 hours now and the credit problem hasn't gotten any better. We need to scrap it and find a new plan STAT!!!!

Actually This American Life just had a very good show on what's happening with the credit market. I highly recommend it.

Posted by: chad at October 03, 2008 10:24 PM (YICPL)

2 I'm not even saying that this bailout was bad necessarily (unless it causes an endless cascade of bailouts, then it is a disaster), but this "I want more" shit is, yes, I'll say it, a fucking outrage. The fact that we're giving nearly a trillion to these people is bad enough. They've got some damn nerve making demands like this, before we know if the first bailout will be enough. They ought to be punished for having the gall to demand more.

Random thought, but seems fitting,

Posted by: doubleplusundead at October 03, 2008 11:05 PM (5TQen)

Heh, gotta love that ... "EVERYBODY PANIC!! We need to do something now!!" ... then ... "Ok, we did something, now be patient".

The amount of utter economic idoicy floating is truly spectactular.

Posted by: Hermit Dave at October 04, 2008 12:56 AM (WhFvm)

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