Tuesday, February 10, 2009

The Trillion Dollar Idiot

The track record of the last part of TARP was a total failure when it came to the assistance of the American people. As for me, $350 billion is just enough to judge the out come of another $350 billion for same group receiving it. If the source of the credit crisis is the bad mortgages and toxic loans, why are we giving the money to the banks, why aren't we buying them up directly, bypass the idiots who got us here in the first place. Why are we hiring same doctor who made us sick? It's absurd and backwards. To my friends in the United States of America, I say this with the utmost respect of your person... you are being abused. Abused.

My thoughts, as they are-

The thing is that the sources of the dyer warnings about the collapse of the economy, on the condition of no government assistance, are the same asses who boldfaced lied to their shareholders, international partners, and the American and worldwide public about the state of their institution. Now we are suppose to believe them now, and just hand them over an award for such a monumental disaster, that they created? Are they insane?

Has anyone been paying any bit of attention? Iceland, the land of Bjork and Sigurros, has removed their PM, over their bankers (banksters). France is angry as hell (and with Wall Street and London, I might add). Lithuania and Latvia are just as discontent. The Swiss are holding their breath to see how big of losses the are about to have between 2-10,000 layoffs predicted, and $15-20 billion losses for the two of the largest Swiss banks. This financial bird-flu is straining our relationships abroad.

Why? Because the Wall Street know-it-alls sold them the same BS and butter that the American public has been freighten into believing with out a single thought being processed. Now our allies are angry with the U.S. for blowing it on coke, booze, and trash cans?!?!?!

UPDATE:
As I was writing this, this just broke...
The first swiss shoe has fallen with a "resounding thud".