U$ Fed Bailout of Financial Institutions is a Joke!

[Syd]

I found this fitting to our situation.
September Madness

[laughingwillow]

Thanks for the link, but for what ever reason, I don't usually click on links in threads. Ever. (Guess its OK to hijack my own thread.)

I'm a big fan of U of Iowa wrestling. There is a forum for fans that I frequent. One dude periodically writes an interesting blog on the topic of wrestling. I often click into his threads, but seldom follow the link if no text is included in the thread. But that's just me.

lw

[caulfield]

I found this fitting to our situation.
September Madness

LoL.

I hope in the end it is Bank of America VS Barack Obama. I think that would be a good game to watch. BofA would prolly win though, because they play dirty.

[caulfield]

The FDIC chairwoman, Sheila Bair, has proposed to raise the insured deposit limit.

Yahoo Finance article (Associated Press)

I think this is a fairly reasonable idea. So back up AIG to keep the insurance on those toxic mortgage backed securities stable, then raise the limit on insured deposits to prevent any future bank runs, like the ones that hit Bear Stearns and WaMu.

Everything else is really a waste of money though until we get a better grasp on how it will affect immediate lending activity or gain a greater perspective on the actual fallout from the frozen monetary system.

[Syd]

Thanks for the link, but for what ever reason, I don't usually click on links in threads. Ever. (Guess its OK to hijack my own thread.)

I'm a big fan of U of Iowa wrestling. There is a forum for fans that I frequent. One dude periodically writes an interesting blog on the topic of wrestling. I often click into his threads, but seldom follow the link if no text is included in the thread. But that's just me.

lw

From the linked article.

"TechCrunch has posted this "March Madness" style bracket of the recent financial meltdown. It was reportedly created by a general partner at Sansome Partners named Mark Slavonia, says TC.

We love it. It's like the Worst Company In America Contest, but for real."

I did not want to post the image because I'm no BW thief and I didn't feel like upping it somewhere else. No worries though stone. Its cool if you don't click anything.

[Syd]

The Consumerist says CNN says:

    The "sweeteners" in the package include:

  # An increase in the amount that the Federal Deposit Insurance Corporation will insure in bank accounts: to $250,000, up from $100,000
  # A fix that would prevent middle-class taxpayers from paying the alternative minimum tax
  # A number of tax extensions favored by either Republicans or Democrats
  # Tax exemptions for renewable energy

  # A measure that would require health insurers to treat mental health issues the same way they treat physical illnesses

And no, I still do not agree with it. It's just pulling the wool over our eyes. I'm sure there will be some switchers when this bailout goes to another vote on Friday. Though, I do hope it still fails.