The Next New Deal
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★★★★
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YEAH high-speed rail! now THERE's an idea whose time came a long time ago.
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Hundreds of billions of bailout crisp 100 dollar bills for those beautiful high class escorts and plenty of pure A+ grade cocaine ought to keep wall streeters content for the next few months.
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--WALL STREET COCAINE-- $JUST 700 BILLION A SNORT!
Yeppers! Reinflate the bubble! Then do it again. And again. And again. It makes sense. No?
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John, LOVE THE MESSAGE but go for the professional voice-over:)
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That's not something I really want to test. Sure, the FDIC will guarantee up to $100K (soon to be $250K) but if the bank closes down and has no physical cash to give, how long do you think it would take to get your money back?
That isn't really the issue anyway. If banks lose liquidity, nobody will deposit into them. In turn, they can not give loans, which means no new start-up business, no economic expansion, no college loans. All of that stuff requires banks to have access to cash.
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Uh, ever hear of FDIC? That's why you don't have to worry about your bank deposits.
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Very good point. Virtually nobody in the street knows that last week we were at one point less than 500 trades away from ATM machines locking up their funds to salvage liquidity for banks...unfortunately it's going to happen. (March 13, 2008. Congress)
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Listen to economists -- this bailout is a way to create another crisis at taxpayer expense & bankrupt our economy. It's not going to prevent a recession/depression. It's just going to make sure that large corporations survive, no matter what happens to the rest of us! No way banks should be rewarded for BAD behavior. Do you think they'll forgive us overdraft or late fees anytime soon? We need to wake up -- Our fear is destroying our country.
hdelan 3 years ago 6
You tell em!!!
ratsbirds 3 years ago