Wednesday, February 25, 2009

I'LL ADMIT I WAS WRONG

You see, last November 10, after AIG went to Congress for the second time begging for taxpayer money to fund their profligacy and incompetence, I predicted that they'd get it, no problem.

And I was correct. They got it later that same day. But I also predicted that they'd be back to Congress in early 2009 asking for yet even more. But I was wrong in the timing, saying it'd be after April 15. I can't believe how wrong I was.

Because they waited only until yesterday. Seems they wanna "restructure" the deal yet again. And ya know what? Their slaves (that means you & me, though our representatives) will give 'em what they want.

Just remember people: when we finally come around to "nationalize" all these rancid institutions, you'll be sickened to think how much free money we threw at them (read: gave to the Insiders) to no avail as we watched them sink lower & lower. We're paying them to suck as we pretend not to be preparing to do what we're going to have to do in the end: nationalize them.

We're all suckers. How do you feel being bamboozled? I feel like shit.

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7 Comments:

Blogger Smitty said...

SO we are finally headed now down the path we should have done at the start. But it took us 2 rounds of a few trillion dollars to essentially throw around over our heads and light cigars with before we (we as in our reps) caught on?

And nice of that bank CEO who gave his bonus to his employees. But...

1:27 PM  
Blogger Weaseldog said...

We won't nationalize until the parent corps fill the US banks with garbage, and have sequestered all of the valuable assets, safely in Dubai.

And I don't think that will happen this year. I think until 2011, we're just going to see more and more bailouts.

The current system of shoveling out free money is just too easy. They'll keep doing it until the dollar is worthless.

In the current system, the bankers waste money and the Government gives them mountains of replacement cash as fast as they need it. Why change it, so long as it works for them?

Remember, Congress doesn't write their own bills. Corporations employ teams of attorneys to write the bills, the lobbyists deliver them. Congress then packages up these pieces of potential legislation and votes on it without reading it.

I can't see the bankers presenting legislation that puts the brakes on the gravy train.

4:17 PM  
Blogger DED said...

Mike, have you checked out dailybail.com yet? It seems like it would be something you'd agree with, though I could be wrong.

5:26 PM  
Blogger Mr Furious said...

Yup. Start the takeover now.

9:17 PM  
Blogger hestika said...

BUT WE HAD TO DO SOMETHING!!!!!

/idiot

12:01 AM  
Blogger Mike said...

it took us 2 rounds of a few trillion dollars to essentially throw around over our heads and light cigars with before we (we as in our reps) caught on?

I'm open to other interpretations, but that's about how I see it.

We won't nationalize until the parent corps fill the US banks with garbage, and have sequestered all of the valuable assets

I fear you may be right.

I can't see the bankers presenting legislation that puts the brakes on the gravy train.

True. But remember also, all that lobbyist money is there to procure VOTES. So if that unlikely "throw the bums out" fervor grows (like in 1994 or that sort of thing), they have to make sure not to be on the wrong side of a pseudo-populist tidal wave. I can see things changing -- with Geithner and Summers kicked to the curb -- later this year if enough folks like us grumble loudly enough.

have you checked out dailybail.com yet? It seems like it would be something you'd agree with

I just gave it a little spin. Seems good in its basic tone, but not sure from what little I read that they really "get it." The post about Ron Paul blistering Bernanke with questions made it seem like they were on Bernanke's side. If they think Ron Paul is off-base with his concerns about the Federal Reserve, we're not on the same page there. But I'll give it a few more tries for sure.

Start the takeover now.

I fear that won't happen just yet.

BUT WE HAD TO DO SOMETHING!!!!!

Exactly. And those who screamed that the loudest, understood the nature of the problem the least. An Idiocracy enabling a Kleptocracy. And we all got fucking soaked in the process.

Nice job, fellow Americans.

8:01 AM  
Blogger DED said...

The post about Ron Paul blistering Bernanke with questions made it seem like they were on Bernanke's side.

Further down the page (if it's still there) they give praise to Ron Paul. There's a video clip of him on Bill Maher.

Haven't read the RP vs BB post yet.

3:56 PM  

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