So they "threatened" give them taxpayer subsidized bail out money with strings attached?

How dare they! Its unthinkable that the provider of a bail out would attach any conditions to the bail out! This is HORRIBLE! I can't believe this happened in America. I'm seriously thinking of setting myself on fire in protest.

It is quite amazing the big banks have been able to successfully make the argument to the sheeple idiots that it was mean of Uncle Sam to ask for something in return for the bail out money they needed to survive. They didn't have to take the money - they were absolutely free to fail all on their own the way God intended capitalism to function.

This post was edited on 8/27/14 at 12:09 pm

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Posted by upgrayedd

Lifting at Tobin's house

Member since Mar 2013

135172 posts

Posted on 8/27/14 at 12:11 pm to SpidermanTUba

quote:
So they "threatened" give them taxpayer subsidized bail out money with strings attached?

No, some of them were forced to take the bailouts. I'm sure many of the banks who were acting responsibly and didn't need a bailout knew it was a bad idea to accept these funds.

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Posted by rcocke2

New Orleans

Member since Apr 2009

1690 posts

Posted on 8/27/14 at 12:58 pm to SpidermanTUba

quote:
It is quite amazing the big banks have been able to successfully make the argument to the sheeple idiots that it was mean of Uncle Sam to ask for something in return for the bail out money they needed to survive. They didn't have to take the money - they were absolutely free to fail all on their own the way God intended capitalism to function

Absolutely. ST is right on, they did not have to take the money, they needed to because they were insolvent. Failure is part of capitalism, not cronyism.

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