Comments on: Citibail: Another in an endless series of doomed, late-night bailouts; 1 am Eastern update: Citicorp to receive $306 billion fed backing + $20 billion more from Crap Sandwich

By: Macsmind

Macsmind — Thu, 05 Nov 2009 05:55:00 +0000

More Money for Bad Banks – CITI gets a bailout!…

Will it ever end?
“Federal regulators approved a radical plan to stabilize Citigroup in an arrangement in which the government could soak up billions of dollars in losses at the struggling bank, the government announced late Sunday night.
The com…

By: Macsmind

Macsmind — Thu, 05 Nov 2009 05:55:00 +0000

More Money for Bad Banks – CITI gets a bailout!…

By: Dinocrat » Blog Archive » What if the deleveraging process has much further to go?

Fri, 28 Nov 2008 17:38:59 +0000

[...] are many of a conservative bent who do not favor aggressive government action. Some observers see a bottomless pit of moral hazard being created by foolish bailouts; some see a Weimar-like [...]

By: Another in an endless series of doomed, late-night bailouts « Top Daily Digest Reading

Thu, 27 Nov 2008 08:25:26 +0000

[...] Interesting? Proceed here. [...]

By: Right Wing Nut House » ARE THE RIGHTROOTS MORE CONSERVATIVE THAN REPUBLICAN?

Tue, 25 Nov 2008 18:35:52 +0000

[...] managed disaster is going on with barely a peep from Republicans. Yes there are some like Senator Inhofe who are trying to hold the line. But if the GOP is interested in employing the conservative online [...]

By: Weary Citizen

Weary Citizen — Tue, 25 Nov 2008 15:38:18 +0000

On November 24th, 2008 at 6:16 pm, katablog said:

Agreed on the “smart ones”. ACORN and other lib orgs did everything they could to get every single leech out there to the polls. Comes back to the premise that those who are lving on the dole should not be allowed to vote themeselves a raise. A voting welfare stae will doom us to bankruptcy.

As for the 35M voters, I remember the final tally of voters something like 62M obummer and 58m for mcamnesty. So 35M seems a little low (but maybe just my memory that is a little low).

At any rate, trying to keep the air in the bubble is fiscal insanity. We need very small and measured actions to stave off an abrupt economic death spiral, but rewarding bad businesses (and stupid consumers) with bailouts is insanity. Controlled chaos is what we need to get Americans off the credit addiction. BTW, all this crap about ‘tight credit for consumers’ is BS. I just bought a new tractor and the card companies are begging me to increase my creidt line. It is only tight for people with marginal/bad credit as it should be.

By: sonofdy

sonofdy — Tue, 25 Nov 2008 14:08:45 +0000

800 more billion this morning. I have lost count.

By: BadIdeaGuy

BadIdeaGuy — Tue, 25 Nov 2008 10:07:40 +0000

Call me a tinfoil hat type but it seems like there will come a time really soon where those financing our bailout binge are going to show their true colors.

It’s like a drug dealer would give one free drugs until the person is hooked, then reveals the true price and indignity of the habit, it seems like this country is a junkie now. The only catch here is that what the country has to lose is its sovereignty.

I feel like we’re going to wake up one day and find that the nation that bought up all the ailing companies itself has been foreclosed on.

By: AN INDEPENDENT AUTHENTIC CONSERVATIVE VOICE » Change We Can Believe In…Really?

Tue, 25 Nov 2008 07:31:03 +0000

[...] Michelle Malkin writes a piece, “Citibail: Another in an endless series of doomed, late-night bailouts; 1 am Eastern update: Citicorp…” [...]

By: The Wide Awake Cafe » I Saw Santa Claus Today

The Wide Awake Cafe » I Saw Santa Claus Today — Tue, 25 Nov 2008 05:52:22 +0000

[...] I wasn’t in Washington D.C. or New York City. I wasn’t watching Obama’s press conference and it certainly had [...]

By: torabora

torabora — Tue, 25 Nov 2008 05:14:38 +0000

mmmmmm Crap Sammich, with a snowball on top…mmmmm

By: emjem24

emjem24 — Tue, 25 Nov 2008 04:55:41 +0000

CitiGroup= Citi Fail. These are the same priority-challenged bafoons who’ve agreed to pony up approx. 400 million bucks to build the new Mets baseball stadium. They refuse to renege on the deal even when their company is going under because their NAME!!! will be on the stadium.

Such wisdom. How can I get in on this scam? Here I was wasting my time preparing to be a teacher when I could have become a reality-challenged financier who cannot prioritize instead.

It’s amazing what kind of behavior the federal government perpetuates just to stave off reorganization and bankruptcy, the two natural consequences to financial mismanagement within both companies and industries. Paulson and Co. are fools if they think they and they alone can contain the uncontrollable sunami of overextended credit.

By: happy2behere

happy2behere — Tue, 25 Nov 2008 03:38:10 +0000

ZyZZyg – I know with a loaded question like that you dont really want an answer, but here goes. There is plenty of blame to go around. People who borrowed irresponsibly, Barney Frank, Chris Dodd, Franklin Raines, Jamie Gorelick, deregulators, credit speculators and a host of others helped us to get here. Citibank, GM, et al are lining up at the trough like the pigs they are. The “Blame it on Bush” song is too simple a refrain.

By: zyzzyg

zyzzyg — Tue, 25 Nov 2008 02:31:12 +0000

Why is Pres Bush doing this? Again? And, again?

By: RockyR

RockyR — Tue, 25 Nov 2008 02:21:03 +0000

Let me get this straight: if the fed doesn’t go socialist on us right now, we’re going to hit the skids economically. if the fed goes socialist on us now, as it has, then any recovery brings with it the threat of serious inflation… but to counteract inflation the fed will have to pull it’s money out of the system during any recovery, thus removing the life support that is propping up the newly created economic bubble brought to us by Paulson, Bernanke, et al and sending us back into recession/depression. Hrm. Might this just mean that this whole scheme isn’t going to work and that we’re going to have to have some hard times?

Damed if the Fed does, damned if the Fed doesn’t…