Article

2009-04-20 Economy

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Posted by Steve White 2009-04-20 00:00|| || Front Page|| [11132 views ] Top

#1 Strong banks will be allowed to repay bail-out funds they received from the US government but only if such a move passes a test to determine whether it is in the national economic interest.

The hairs on the back of my neck just stood up. That is the most chilling phrase I have read...ever.

Posted by Seafarious 2009-04-20 00:31|| 2009-04-20 00:31|| Front Page Top

#2 Welcome your new, socialist overlords.

Please leave all independent thought and actions outside.

Thank you.

Posted by DarthVader 2009-04-20 00:50|| 2009-04-20 00:50|| Front Page Top

#3 Bank executive: "Danes? I didn't order any Danes. I ordered a platter of danish. For our meeting!"

Delivery guy: "Sorry, sir. The receipt sez no exchanges, no refunds. But I can offer you this quart of lutefisk for only $3.99."

Posted by Seafarious 2009-04-20 01:11|| 2009-04-20 01:11|| Front Page Top

#4 Im not going to simply put taxpayer money into a black hole.

Lying bastard.

Posted by Redneck Jim">Redneck Jim 2009-04-20 01:22|| 2009-04-20 01:22|| Front Page Top

#5 I agree with Sea. This is odious and beyond dangerous to the Republic.

All U.S. currency carries the phrase "This note is legal tender for all debts, public and private." Any bank so threatened and capable of repaying now should bale up the cash, publicly dump it on the Treasury steps, and make sure there's lots of witnesses and publicity. If Zero squawks, take him all the way to the USSC if necessary. An unfavorable ruling there would be an open invitation to revolution.

Posted by PBMcL 2009-04-20 02:13|| 2009-04-20 02:13|| Front Page Top

#6 I recommend that each bank wishing to return its TARP money open a 3-month CD for the full amount of the refund at 2% interest, in trust for the US Treasury, and inform TurboTimmy he may redeem the CD in late July.

Posted by Seafarious 2009-04-20 02:29|| 2009-04-20 02:29|| Front Page Top

#7 I'd do it a little differently but much in the same spirit as PBMcL and Sea: not on the front steps, but very publicly with a segregated account specifically marked for TARP repayment. Then I'd inform the Federal Reserve and the Treasury that since the money is there for them to take in repayment, I'm no longer bound by the TARP rules. At some point they'd either have to accept the money or decide to use their TARP powers against me, at which point I'd sue.

Posted by Steve White 2009-04-20 08:03|| 2009-04-20 08:03|| Front Page Top

#8 At some point they'd either have to accept the money or decide to use their TARP powers against me, at which point I'd sue.

At that points DHS receives info about you that it just must investigate.

Posted by g(r)omgoru 2009-04-20 08:13|| 2009-04-20 08:13|| Front Page Top

#9 Hey, it's all cool. The guvmint knows what they're doing. Besides, they're backing the warranty on my brother's truck now, too.

Posted by Cornsilk Blondie 2009-04-20 08:37|| 2009-04-20 08:37|| Front Page Top

#10 But Cornsilk Blonde.... Just what sort of conditions are now on that Warranty on your brother's truck? Will he have to turn in a relative to DHS (as a right wing extreamist) in order to get a problem fixed?

Posted by CrazyFool 2009-04-20 08:41|| 2009-04-20 08:41|| Front Page Top

#11 Strong banks will be allowed to repay bail-out funds they received from the US government but only if such a move passes a test to determine whether it is in the national economic interest,..

That's what happens when you borrow from the [Chicago] mob. The loan payment never ends. I see no victim here. The bank operators play loose with other peoples money and thought they got a 'deal'. Now they've found out they've sold their souls. Their only hope is millions upon millions of prepaid under $200 debt cards they can flood the Trunks with in a year otherwise they're owned.

Posted by Procopius2k 2009-04-20 09:05|| 2009-04-20 09:05|| Front Page Top

#12 Ash TARP durbatuluk,
ash TARP gimbatul,
ash TARP thrakatuluk
agh burzum-ishi krimpatul.

One TARP to rule them all,
One TARP to find them,
One TARP to bring them all
and in the darkness bind them
In the Land of DC where the Porculus' lie.

Posted by Saurobama 2009-04-20 15:21|| 2009-04-20 15:21|| Front Page Top

#13 In Chicago. once you get bought you stay bought.

Posted by Parabellum 2009-04-20 15:24|| 2009-04-20 15:24|| Front Page Top

#14 CF, good point. I guess I'll have to take one for the team when he needs a brake job, eh?

Posted by Cornsilk Blondie 2009-04-20 16:07|| 2009-04-20 16:07|| Front Page Top

#15 I can just imagine the vernacular coming from the oval office with chief dick present (rahm) (well, or not, for that matter):
"SUCKERS!!"

Posted by logi_cal 2009-04-20 21:26|| 2009-04-20 21:26|| Front Page Top

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