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Wall Street Idiots


KaskadskyjKozak

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I consider myself socially progressive and fiscally conservative and I have to say that this pegs the hypocrisy meter. I'm getting a bit tired of senators such as this and Barney Frank railing on about the lack of integrity by Wall Street with our money.

 

Where the fuck were you guys when you signed on to the TARP? Ever think of doing your job and actually putting some common sense constraints on our tax dollars? Shit - you did not even have to think up your own stuff - you could have copied what Europe did as a start: put a limit on executive pay for banks that received bailout funds, disallow the banks in paying divedends to stock holders until they pay back their federal loans, and place stipulations on how the money must be used.

 

Most of the banks that received TARP funds are now holding back on lending trying to weather the storm and use the funds for capital acquisitions. WTF - this is not rocket science - I have an M.S. in Wildlife Ecology and I could have figured out that giving the banks - who have showed MOST EXCELLENT decision making ability up to this point - needed some guidelines. Shit, what a mess.

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I consider myself socially progressive and fiscally conservative and I have to say that this pegs the hypocrisy meter. I'm getting a bit tired of senators such as this and Barney Frank railing on about the lack of integrity by Wall Street with our money.

 

Where the fuck were you guys when you signed on to the TARP? Ever think of doing your job and actually putting some common sense constraints on our tax dollars? Shit - you did not even have to think up your own stuff - you could have copied what Europe did as a start: put a limit on executive pay for banks that received bailout funds, disallow the banks in paying divedends to stock holders until they pay back their federal loans, and place stipulations on how the money must be used.

 

Most of the banks that received TARP funds are now holding back on lending trying to weather the storm and use the funds for capital acquisitions. WTF - this is not rocket science - I have an M.S. in Wildlife Ecology and I could have figured out that giving the banks - who have showed MOST EXCELLENT decision making ability up to this point - needed some guidelines. Shit, what a mess.

 

the bottom line is this: beggars can't be choosers

 

if these fucks are going to take "bailout" money from the taxpayer, there should be a shitload of strings attached. period.

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Since the State's regulatory and oversight functions were operated by financial industry "in and outer's" on the one hand and clueless recipients of political patronage, like "Brownie", on the other, there didn't seem to be anyone that wasn't hopelessly compromised by conflicts of interest and/or had any fucking clue what to do when finance shit the bed. Maybe capitalism will do better next time around when it has smarter people running the State than the ones running it like a goddamn cash machine for themselves and their friends.

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