Thursday
Jan152009
Henry blodget is appropriately outraged
Henry has a post up now on clusterstock that Bail readers will appreciate. It's worth the click-thru to see what's got Henry so steamed up. Here's a small taste of Henry's breakfast.
Taxpayers should be furious at how they and their money are being treated by a government that supposedly exists to represent them. Bank of America did not buy Merrill Lynch for the good of the country: It bought it because Ken Lewis thought, wrongly, that he was getting a deal. Ken Lewis should be held accountable for this. Hank Paulson, meanwhile, should immediately disclose exactly what this secret deal was, when he made it, and why.
Jan 15, 2009 at 10:25 AM
Reader Comments (4)
nice of everyone to stop by and big thanks to those who have already posted below...i've had about 150 different people pay a visit today, and that was from just mentioning the site in 2 posts in the comments section on clusterstock...the post was henry's first take on the BAC bailout part deux...
the site is definitely not ready yet and while scrambling to make it so, i realized that i have no choice but to go ahead and soft-launch it now...so, soon the site will be reachable at www.dailybail.com or just dailybail.com...
the .squarespace tag will drop off...it will slowly gain a more professional look...
the content is what matters and it dictates that i start NOW...this entire week and likely all of next week are going to be very content rich ...and with so much happening each day, it would be a mistake, i think, to allow the inconvenience of an un-finished site to stop me from doing what needs to be done...and that, simply is to provide a news aggregation source for all stories related in any way to this messed-up, painfully inept and completely counter-productive bailout of failed people, businesses, municipalities, states and ultimately as all of us here know, our federal government...
it's gonna be a painful journey on a path to hell...but with your help we can keep each other company while we fight like crazy to wake up our fellow taxpayers to the great fleecing that is now, deeply upon us...
huge thanks to anyone who stops by during this soft launch period...and it would be great if you posted your thoughts on a story or just the bailout in general...
we love rants and all people who make them...show us what you got...
thanks a ton, DailyBail
anyone else a little angry today about your money going to citi and BofA..?...
my blood is boiling...
I do have one question for everyone out there. What would happen if all taxpayers reduced their withholdings and then refused to pay the taxes come April next year? If we are tired of them idiots using OUR dollars, don't give it to them! They can't throw all of us in jail!!!! UNITE AMERICANS, RETALIATE AGAINST THE GREED!
Who woulod have ever thought banks as large as citigroup and bank of america were so worthless. I had no idea they were in this much trouble. Doesn't it seem strange that none of them have lost their jobs. How is that possible?
I just found your site through TechCrunch. Someone mentioned it in the comments section of an iphone story. I like it. I like that you have no advertising. lol
I am a single mother with 2 young sons and I work in the tech industry in california. Our state is facing a large budget shortfall this year and we have been asking Washington to bail us out and I think it's wrong. The politicians in our state would rather look to Washington to cover our budget shortfall than actually look at the reasons for our shortfall. Yes, revenues are down this year becaue of the slowdown, but the true issue is bloated stae budgets, and health care and pension benefits that have been promised to public workers.
In vallejo which filed for bakruptcy in 2008, there were 42 police and firefighters earning in excess of $200k per year. Are you kidding me? For public employees, this is unreal. And these employees will receive 90% of their salary in the form of a pension for every year for the rest of their lives. And we, the taxpayers of california have to pay for their excesssice packages.
And if Washington just bails out all these states that are in trouble, then these states will never be forced to cutback their spending. And these bloated state salaries and pensions well never be corrected.
It makes me very upset when I think about.
update: i am posting my thoughts about the state bailouts in all the comment's section.