beach party bailout! Bailout News Links...Borat special edition
Chose this photo because the idea of Borat in a lime-green, one-piece thong running with the Baywatch Babes is the only pic out there more ridiculous than our government's current obsession with saving the amalgam of toxicity which we call banks. With Treasury Secretary Nominee, Tim Geithner, testifying before the Senate this morning, there are bailout stories breaking all over the place. We're happy to see Tall Paul Volcker make an appearance. Hey Obama: why wasn't Volcker your pick from the start?
Take an afternoon click ride and see where your children's future tax payments are headed.
First, in case you missed it...here are this morning's 20 links or so
And now the new batch...Geithner's Prepared Statement to the Senate this morning
The Bailout Conundrum Portfolio/Conde Nast
Obama Administration Has No immediate Answers on the Banks International Herald Tribune
Geithner Apologizes For Not Paying His Taxes AP
A first read from Gregg Robb at Marketwatch
Keep Checking Back...I'll be adding more links every half hour...
THE DONALD to File For Bankruptcy!??? from EP over at Dealbreaker Dealbreaker's better writer
Letter from David Rosenberg of Merrill Lynch...Not Your Father's Recession...wonkish
Obama Comprehensive Economic Plan to come within weeks Bloomberg
Jan 21, 2009 at 12:17 PM
Reader Comments (15)
I just discoverd your site. Can not believe i'm first, bitches.
Thanks for your humor and sarcasm - it makes the pain of all this a little more bearable...
Great Idea for a site. Someone needs to do something about the taxpayer heist. I wish you good luck. I know that there are many unhappy americans ou there right now. Many are suffering and meanwhile the taxpayer is footing the bill for everything. I think your site should have been called 'angrybailout'., because everyone who comes here is just that.
I stopped by from Tech Crunch.
I have to say Tuesday was emotional and exciting on a human level, but I can't help but think how naive so many of us are in terms of our financial future. America is in need of a serious wake up call and it's going to get it - BIG TIME. Energy futures *seem* to be a no-brainer but again I think that's a pipe dream. We've got so much to make up for now and in the meantime our financial system rests on feet of clay. Are there any credit counseling companies that recently became public? ;-)
As always you are point on! Thanks for giving me fodder to mull over when I wake at 3:30 a.m. and can't sleep b/c I am obsessing over the absurdity of these bail outs! aaaaaahhhhhhhhggggggg
Bank stock rally was fake today. Short squeeze bounce. Nothing else. SKF and SRS will both rally hard tomorrow. Book it Dano.
It is very appaling to see that taxpayers continue to snooze thru all these bailout fiascos that will be paid by their children and grandchildren. Where is the outrage? When the $700 billion TARP was about to be approved by Congress----80% of the taxpayers showed their outrage via letters, e-mails, phone calls to their Senators and Congressmen. In spite of that, our Senators and Congressmen thumbed their noses at the taxpayers and voted for the bailouts just the same! What is surprising is come election time, some bailout whore politicians got voted out but, a number still survived! You would think that the outrage would be so strong as to vote most of them out! Well, we still have yet another chance to do so! Vote out these bailout whore politicians who voted for these bailouts come 2010! Also, boycott all the banks and brokers who got bailout monies as well as the big three automakers who got bailout monies as well! United, taxpayers can make our voices heard loud and clear that: ENOUGH IS ENOUGH of these bailouts. Spread the word. Our collective actions will determine the future of our children and grandchildren and there is no moment to lose!
great pic !
@virgil
well done...thanks for your comments
@mark k
$11 trillion debt. $2 trillion deficit for each of next 2 years. $15 trillion debt at end of 2010.
interest on the debt is skyrocketing.
@heavy hitter
glad you likey.
@angry jones
keep coming back. and keep being angry.
@ the rippa
nice call. you are the new guru.
@ sissy
don't let it upset you too much. we will win in the end.
@ heavy hitter
we try to have interesting images to go with our stories.
thanks.