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I just read this.....BRIDGE LOAN? So in other words, a company that did poor investing with it's clients money is taking out a bridge loan to sell off assets that no one wanted to buy curently, will depreciate by the minute AND during a time when most companies are eating their previous investments? WTF is the Fed thinking? Oh wait....they are playing with the houses (our) money.
Merry Christmas...tax hikes for everyone. You think the $85 billion is just sitting around somewhere?
The Fed is making the loans. Those 12 banks will be held responsible when AIG finally collapses, right? RIGHT??!!
It doesn't matter. Between the currency the Fed has pumped into the system lately and Fannie/Freddie, inflation is going to eat us alive very soon. I hope everyone is good at growing their own food and raising animals to slaughter. Palin is ready. Are you?
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,761,129 times
Reputation: 3587
Quote:
Originally Posted by paperhouse
The Fed is making the loans. Those 12 banks will be held responsible when AIG finally collapses, right? RIGHT??!!
It doesn't matter. Between the currency the Fed has pumped into the system lately and Fannie/Freddie, inflation is going to eat us alive very soon. I hope everyone is good at growing their own food and raising animals to slaughter. Palin is ready. Are you?
Maybe the floozie will adopt the "Moose In Every Pot" slogan!
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