Monday, November 24, 2008

$306 Billion Dollar Bailout For Citigroup!

Why can't I shake the feeling that Treasury Secretary Paulson and his crew don't have a damn clue in terms of effectively dealing with the failing U.S. economy? It all seems like desperate guesswork. Is this deal really going to save Citigroup? It's seems shaky to me.

Remember when they were telling us that bad homeowners were responsible for this mess, but now the truth is coming out. Check out this investigative report on Citigroup, sounds like some people need to be investigated, like yesterday!

And other than exasperated bewilderment and a simmering anger, what exactly have the American people gained from this financial bailout business? And when is any of this going to trickle down to help the average everyday working American? And when exactly does Uncle Sam run out of money?


uglyblackjohn November 24, 2008 at 3:37 AM  

Uncle Sam is already out of money.

The total of all American's credit card debt is $960bn. We could have paid off everyones credit cards, improved EVERYONE'S credit and given the banks capital in one fell swoop. It would have been like a Biblical Jubalee year.
"Trickle Down" works - it just wastes money and time (like watering a plant from the top down instead of near the roots).

wisdomteachesme November 24, 2008 at 10:17 AM  

hey prof!

*sidenote* twilight zone-all day sci-fi! :D

i never did like the citi corp folk.
years back people were raving over how they were hiring multiculturally...huh-huh!

trying to be too perfect is always a cover to hide what they are really doing.

let them fall--they need to takePersonal responsibility for their bad choices--just like we all have to do.
Oh, rather, like we all NEED to do--as many people do not take personal responsibility for their actions.
still, let them admit the truth and be re-sized also.
too big--too greedy--too selfish. Pride kills and always goes before a fall!

Samantha Grace November 24, 2008 at 10:42 AM  

They don't have a clue. They're just putting out random fires--not all fires, but ones they feel like putting out. It's really sad.

wisdomteachesme November 24, 2008 at 1:37 PM  

prof i know that you have seen this episode of T.Z.
Mr Feathersmith!
1963 "Of Late I Think of Cliffordville"

Now this show reminds me of all the financial messes and mazes that now casts a shodow over America. Reminds me of the people who created all these messes and mazes.

Miriam November 24, 2008 at 6:31 PM  

I think it would take serious protest on the part of the people for anything to come to them. But not sure if anyone will organize this. Gov really don't like when folks mess with their money.

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