Wed, 11/12/2008 - 12:46pm — vastleft
Turns out Hank didn't have a good, firm plan for what to do with our money. No problem, I'm sure the next one will be just fine.
Good thing that Obama+Reid+Pelosi worked the phones to hand our money to Hank's beneficiaries-of-whim NOW NOW NOW (or THEN THEN THEN, as it were).
It just wouldn't have done to insist on some thoughtful planning when extracting a king's ransom from everyone in America.
I hope the $3,000 I'm sending wherever Hank tells me to send it, which more than anything helped keep Obama's pre-election mellow on an unharshed keel, didn't violate any campaign-finance laws. Either way, I'm glad I could help!
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GE is getting 100 billion+ now too--2nd time it's getting our $$
what a repayment for turning MSNBC into MSNBO, no? (they just announced it on CNBC)
GE Wins FDIC Insurance Backup for Up to $139 Billion in Debt -- http://www.bloomberg.com/apps/news?pid=c... -- "General Electric Co. said the U.S. government agreed to insure as much as $139 billion in debt for lending arm GE Capital Corp., the second time in a month it has turned to a federal program designed to help companies during a global credit crunch.
Granting GE Capital, which isn’t a bank, access to a new Federal Deposit Insurance Corp. program may reassure investors and help the unit compete with banks that already have government protection behind their debt, said Russell Wilkerson, a spokesman for the Fairfield, Connecticut-based company. Coverage would be for about $139 billion, or 125 percent of total senior unsecured debt outstanding as of Sept. 30 and maturing by June 30. ..."
http://www.bloomberg.com/apps/news?pid=2...
-- "... GE and its General Electric Capital Corp. finance arm registered as users of the Fed’s Commercial Paper Funding Facility, spokesman Russell Wilkerson said yesterday in a telephone interview. The company hasn’t set an amount that it plans to borrow and will base that decision on commercial-paper buyers’ need for liquidity, he said. ..."
we're giving them 125% of their total debt --
disgusting.
NOW, NOW, NOW turns to SHIT, SHIT, SHIT--
And it only took a matter of weeks!
Gee, how many more trillion can we waste on your hanky panky, Paulson?
The Paulson Fix Is In, alas, was just some stupid ass guess? Except for who the recipients are....
Does Obama need to answer for this? (Not that he will, but ought he to do so?) Bush, Paulson, Bernanke, Harry and Nancy, fer sure need to answer for this. And, gang, "Who could have ever imagined XXX" just doens't cut it anymore.