The Red Brick Times

  Tuesday, April 07, 2009

What? Me worry?

Why We Shouldn't Worry If Banks Game The Bailout.

Posted 11:07 AM by whatley (3) comments

       Comments:
  • Bonus "don't worry" link: My humble little deposits are FDIC insured!
    # posted by Blogger whatley : April 07, 2009 11:36 AM
     
  • My sister-in-law noted that they should probably start using "the bank of mattress." My brother responded that should they do so, he would be resorting to "the bank of shotgun" as an adjunct.
    # posted by Blogger Andy : April 09, 2009 7:17 AM
     
  • Since the insurance companies have found a way to 'get their share' by purchasing a bank or two then apply for assistance since said bank is in such dire trouble it will probably fail (no corporation that deals in abstract concepts like Credit and Defaults swaps is permitted to fail, only companies that actually produce jobs and products are allowed to do THAT).

    I think RBT needs to seek a Federal Thrift charter so we can buy a failing bank or two (backed by gov't supported and financed toxic assets) , then we can get money from the Fed to 'save' us. We then, as a group, should take the money to finance an extended conference, over several sites, of course, (including at least three international venues, don't want to seem protectionist or parochial) to make sure we keep our perspective and stay in touch with 'Main St.'. We will discuss how we should restructure ourselves to avoid having to ask for more money... then do nothing for A LONG TIME while we consider the options ... get more money ... have another conference ... ad infinitum! RETIREMENT THE AMERICAN CORPORATE WAY !! All the while stimulating the economies of all the conference sites. We could be the bell-weathers to the recovery !!

    Anybody know a lawyer or two with less than scrupulous ethics? (or is that an oxymoron?)

    With enough study I'm sure we can help draft some legislation to insure this never happens again (AFTER our lifetimes and that of our children and their children, of course. Don't want to act hastily, brashly, or irresponsibly)).
    # posted by Blogger jeichenlaub : April 09, 2009 8:43 PM
     
    • Post a Comment
Home