Lots of Squeals at the Trough

[1sttruck]

These look like feral hogs......

http://www.nytimes.com/2008/09/22/business/22lobby.html?scp=2&sq=lobbyists&st=cse

Big Financiers Start Lobbying for Wider Aid

Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.

Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

At the same time, investment firms were jockeying to oversee all the assets that Treasury plans to take off the books of financial institutions, a role that could earn them hundreds of millions of dollars a year in fees.

 

[Gary Allan]

Yep ..there's that entitlement mentality of our lower dwellers.

Heck, they even have a healthy inventory of federally subsidized housing to occupy.

 

[Drew99GT]

What, you didn't think the big wigs would lobby for and recieve the ability to make hundreds of millions off a 700 BILLION dollar public bailout?

I personally think these CEOs of these big investment firms and banks should get the chair. Put it on TV - pay per view. Use the funds to buy all the bad mortgages. Problem solved. Kill two birds with one stone.

 

[9296D21B14]

See you in the soup lines, boys.

 

[Gary Allan]

Quote:
I personally think these CEOs of these big investment firms and banks should get the chair. Put it on TV - pay per view. Use the funds to buy all the bad mortgages. Problem solved. Kill two birds with one stone.


I always thought that this would make a great half time show for most football games. The liability of this is that corporations would construct a sacrificial lamb class of executive just to feed the mob. Now if you extend it to all board members ...

 

[MarkC]

Funny, most of these people would tend to spout off about certain people getting "handouts" from the Feds, and yet here they are....

 

[sciphi]

You spout off until it's your turn. Human nature. When people see what they want dangled in front of their eyes, of course they'll shut up.

There better be some serious limits on this bailout or we'll wind up even worse off. There was a full-page ad in today's NY Times that expressed perfectly some sentiment about the bailout.

 

[Steve S]

Will the tax payers bail out the Wall Street casino? Who will being heald responsible? which politicians are receiving big donations from the companies they vote to bail out ? Who will ask the questions ? The tax payers with the usual dumb look will not know the difference and will believe it is the good thing to do because the television said it was the good thing to do. The stock market bais out is socialism.

 

[Gary Allan]

(as said from a spin doctor proponent of the bail out whose somehow going to benefit from the bailout)



Quote:
The stock market bail out is socialism.


You're looking at it all wrong...

(now me)

That's not completely true.

It's only the costs that are socialized