More Bailouts on the Way

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The Evolutionary Ape's picture
The Evolutionary Ape
Status: Bronze Member (Offline)
Joined: May 31 2009
Posts: 62
More Bailouts on the Way

For the first time I actually cracked up laughing rather than rattling off a tirade of swear words when reading about additional bailouts.  After their early Christmas day present, Fannie Mae is asking for an additional $15.3 billion dollars.

http://money.cnn.com/2010/02/26/news/companies/Fannie_mae_results/

AIG may not be far behind.

"AIG said in its public filing that it "may need additional support from the U.S. government" if interest rates or borrowing costs increase, if it cannot find willing buyers for its assets, or if it encounters significant deterioration in its core businesses."

http://www.washingtonpost.com/wp-dyn/content/article/2010/02/26/AR2010022602165.html?hpid=sec-business

In other words as a taxpayer, I can expect to be bent over yet again in the very near future.

 

Johnny Oxygen's picture
Johnny Oxygen
Status: Diamond Member (Offline)
Joined: Sep 9 2009
Posts: 1443
Re: More Bailouts on the Way

Its always the same. Once a country starts to print money to solve its problems it never stops. Hyperinflation here we come.

G-Money's picture
G-Money
Status: Bronze Member (Offline)
Joined: Jan 16 2010
Posts: 46
Re: More Bailouts on the Way

TEA -

The sad thing is that when people on sites like CM's start to shrug off news like this, it really shows you how far gone things are. News like this hardly even phases most of us anymore. I really don't know what it would take at this point to stir people to action.

Sigh

G

Will's picture
Will
Status: Bronze Member (Offline)
Joined: Oct 27 2008
Posts: 81
Re: More Bailouts on the Way
G-Money wrote:

TEA -

I really don't know what it would take at this point to stir people to action.

Sigh

G

I know how-- don't extend unemployment benefits.  That would get the ball rolling fairly quickly in my opinion-- but of course, THEY know that...

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