Bailout Report Update

[RMP]

I've been paying close attention to economic news for years and the events of the last eight months or so have certainly been mind-boggling.

But now and then a little humor helps....I think.

This is a copy and paste of a post made at MarketWatch today:

"Geithner said, we had some money, a lot of companies lost
their money so we gave them your money they liked your money
so we gave them more of your money then we ran out of your
money so we printed more money and we gave that money out
too now we tried to trace all the money we gave away but
nobody can find it so we will take more of your money to
give to the ones that don't have money the ones that we gave
your money to can now loan you your money if you need money
now of course they will charge you interest and we will tax
you on it but at least you will have some of your money too
at a cost it your duty to give us money so we can decide
what to do with your money everybody likes your money and
I'll get back to you later about when we will need more of
your money. Thats all Folks!"

[Twanger]

Now that's funny! Kinda. :eek:

[RMP]

Twanger,

Right.....it's "kinda" funny, but then you think about how the wool is being pulled over our eyes every day and.......well.....you know.

[Smokey]

I think they are already losing track of some of the money they gave out.

[Dennis Keith]

If they wanted to loose a Billion or so in MY BANK ACCOUNT I wouldn't mind showing those folks how to spend it properly.

[RMP]

I think they are already losing track of some of the money they gave out.

Smokey,

There is much we don't know about the Fed and the banks that are "too big to fail."

This may be the biggest fraud ever perpetrated on the American people.

[RMP]

If they wanted to loose a Billion or so in MY BANK ACCOUNT I wouldn't mind showing those folks how to spend it properly.

Dennis,

It is astounding how billions are tossed about and now even trillions are shuffled around as if the numbers mean nothing.

And what is also amazing is that most "mainstream" economists think that we are on the right track, or close to it.

But I agree with those economists who are not mainstream, and believe we are on a path to economic destruction, the only question being how long it will take.

[Dennis Keith]

It is why I said Billion, a Million Dollars just isn't what it used to be.

[RMP]

Today Geithner arrived in China, hat in hand, attempting to convince the powers that be that the USA is still a good investment.

Fat chance.

Here's the story:

http://www.bloomberg.com/apps/news?pid=20601087&sid=ah39LPw9pePU&refer=home