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Canuck57[_9_] Canuck57[_9_] is offline
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First recorded activity by BoatBanter: Oct 2009
Posts: 6,596
Default Bank of America Apology

On 03/11/2011 10:45 AM, wrote:
On Wed, 02 Nov 2011 14:10:28 -0600,
wrote:

Hey, democrat congress
created TARP for Bush,


Not really. Paulson came up with TARP and told congress to eat it.
BoA paid back their money pretty fast. They were one of the banks that
didn't really need it. They put the money in federal paper and paid it
back as soon as they were allowed to.


So a democrat majority follows Paulson? Doubtful. Fact was the rich
boys with huge deposits to loose called up senators and congress people
of both parties (but not Tea Party) and pressured them to bailout the
banks with their investments and deposits.

Cold reality, while 0bama has escalate the corruption to $5 or 6
trillion, it started earlier with TARP and a democrat majority voting
for it.

Trump said it best. Bailing out the banks may have been necessary, but
in doing so all the common shares, preferred shares should have been
canceled as worthless, no management bonuses and some firings. Then
once solvent, sell them back to the market.

But the reality is like 0bama's Solyndra, a billionaire bailout program
for the corrupt DC political powers. DC is corrupt to the core and the
source of the problem. Hey, 0bama offers a contribution buddy money, I
don't blame the buddy, I blame 0bama -- the back room pulls 0bama's strings.

Which is why I don't like Perry, a back room golden handshake boy.

Fact is Nov-2012 isn't shaping up that good...but it is 12 motnhs away.
Lets hope an ethical non-back room puppet gets into being a
forerunner. But a lot of money is trying to rig the ballot as everyone
knows talk a lot no results 0bama is toast.
--
The reason government can't fix the economic problems is government is
the problem.