OCTOBER. FUCKING. SUPRISE.

[semiotic_pirate]

Go read this and tell me that they haven't been sitting on the $700 billion bailout for months... waiting like jackals to gut and rip out the heart and soul of our country?

To quote interactiveleaf's reaction: "This has been in the works for months. Pay attention to the emphasized bits, and as for the rest: Is there any way, any possible way at all, that this does not come across like a Mafia mug threatening us with further harm if we don't give him the money he wants, now?

As one other person put it: "That sure is a nice economy you had there. Sure would be a shame if anything happened to it. Whoops! Well, you don't want it to get hurt any worse than that, do you?"

I don't have words to express how very enraged I am right now.

And am I the only one who sees the BLATANT FUCKING CONTRADICTIONS in the last two paragraphs?"

Original article found here on Roll Call - The Newspaper of Capitol Hill Since 1955.

Comments

[sparkindarkness.livejournal.com]

Naturally - they're SALVIATING over this. I mean, how else do you get to WRITE OFF all your buddies' ridiculous debt and use tax payer funds to do it? This whole recovery package could be easily labelled as "these investors and all of Wall Street have been NUCKING FUTS for sooooo long doing all the stupid things they KNEW would bite them on the arse - so we're going to give them a ton of your money so they can do it again!"

It's like finding someone with 10 maxed our credit cards and paying off all the debts for them - and giving them back the cards.

Of course, they needed a crisis and people panicking to convince people to go for the HUGE idiot business welfare cheque. You'd think at very least the money would come with some decent provisos - but nooo, it's business as usual until the next bail out

[astroprisoner.livejournal.com]

Months? I think it's been years.

First we had the '83 creation of CMOs, then the '99 relaxation of laws concerning mortgage eligibility.

Mortgage brokers began offering loans to people who might not be able to pay it back, but the brokers didn't care so long as they got paid their commissions. Banks began to finance houses that would end in foreclosure, but the banks didn't care so long as someone else bought the mortgage later.

I think this is a case where Hanlon's Razor doesn't apply: it wasn't stupidity, it was malice.