freecounterpoint: Who needs a Marxist leader when we already have the neocons ?

Wednesday, November 12, 2008

If anything, this is an indication that the Obama years will be characterized by a shift to the right!

Mr roT said...: They're saying they won't junk from the banks, Pepe. You got a sign error in there.; 11/12/2008 3:17 PM
Arelcao Akleos said...: Counting is too obscure for Le Pew.; 11/12/2008 5:26 PM
Mr roT said...: I meant won't buy junk of course.; 11/12/2008 7:28 PM
Arelcao Akleos said...: They're not Junkers; 11/12/2008 7:54 PM
Mr roT said...: Fokkers then? Coanda?; 11/12/2008 10:10 PM
Pepe le Pew said...: WTF do you mean ? They are buying equity in these damn banks.; 11/12/2008 10:20 PM
Arelcao Akleos said...: That den of inequity; 11/12/2008 10:24 PM
Mr roT said...: Before, the plan had been to bail the fuckers out on everything.

The program is still called the Troubled Asset Relief Program, or TARP, but it will not buy troubled assets. “Our assessment at this time is that this is not the most effective way to use TARP funds,” Mr. Paulson said.

Instead, Treasury will step up its program of injecting capital directly into banks and, for the first time, expand it to include financial companies that are not federally regulated banks or thrifts.

Mr. Paulson made it clear he would not use Treasury money to help bail out the automobile industry, rebuffing pleas from General Motors, Ford and Chrysler as well as from top House and Senate Democrats.; 11/12/2008 10:27 PM