Yet another bailout....to be given to the banks, page 1
Pages:
ATS Members have flagged this thread 6 times
Topic started on 21-10-2009 @ 03:31 PM by nikiano
Ooooh, this gets me so freaking angry!

I just read today that the Obama administration is thinking of using the remaining money to stimulate small businesses. Ok, that part is great. The part that is NOT so great is the way they are planning on doing it: giving the money to the banks, and asking them to give it out to the small businesses.

WTF?? We just gave the banks billions, and they were "supposed" to give the money to struggling homeowners. That did not happen, and still is not happening. The banks just sat on the money and turned amazing profits.

So now, they trust the banks to "distribute" the money to the small businesses? Give me a break! The banks will find just as many excuses to not loan the money to small businesses as they did to not loan the money to home owners. (You make too much money. You don't make enough. Your house isn't worth it. Your house is worth too much.)

I think most of us agree that if they had just given the money directly to homeowners, things would have ended up much better. So, if they want the remaining money to go to small businesses, why not just give it directly to them??? Why go through the god-awful banks!? Or use the money for something else, like paying off the debt, or SOMETHING else. But don't give billions more dollars to the banks again! PLEASE.....the banks cannot be trusted to divert the money to the people....they won't do it!

I have lost ALL faith in my country. I swear.

[edit on 21-10-2009 by nikiano]


reply posted on 21-10-2009 @ 03:47 PM by marg6043
reply to post by nikiano



Yes, some, bubble heads in congress want the reminding TARP money to be given to banks so they can come around and offer loans to small businesses, but what they are not telling is that while the corrupted banks took TARP with minimum interest for their profits and outrageous bonuses they now want more tax payer to be used for loans without tapping on their reserves and with more profits for them in the name of higher interest rates for the loans.

Corruption in this nation has no boundaries, and we actually have bubble heads in congress that thinks this a great idea.



reply posted on 21-10-2009 @ 04:39 PM by eldard



reply posted on 21-10-2009 @ 05:21 PM by rangersdad
reply to post by nikiano


Uh, where is your link to a source stating this?
2nd line.......................


reply posted on 21-10-2009 @ 09:51 PM by SharkBait
reply to post by nikiano



I’m good for that-Give the banks more money, Make them relax the lending Criteria. I'm trying to get a loan to buy a business and cannot get money because i don't have enough 'back up money" or assets to stand Surety. "You need money to lend Money"

Sorry not to agree with you on this one. I don't mind paying the extra taxes, because if it gets me "my money' then i'll be earning Big bucks and what's a few extra $100 dollars.

Go get your share of the American Dream. Once things go back to normal its business as usual. The Rich will get richer and the Poor Poorer. This is not just a saying its real. And the only reason why its real is because of how the Banking system works. Banks want you to have assets and security before they’ll lend you money to buy a business. And who has this ? Rich people, so they can get the big loans and keep moving up the ladder. As for the rest of us, we’ll just hang around and keep getting No’s.

Pages:     ^^TOP^^



USDA Forces Whole Foods To Accept Monsanto
  Posted 10 days ago with 99 member flags
Greece wipes out Citizens Debt!! Tells Bankers to suck it
  Posted 11 days ago with 78 member flags
The Collapse of The American Dream Explained in Animation
  Posted 18 days ago with 53 member flags
Obama on the verge of a deal with the banks
  Posted 16 days ago with 23 member flags
EU financial dictatorship agreed to by EU ministers last night
  Posted 18 days ago with 17 member flags
Bankers requesting that Greece become their debt slaves
  Posted 14 days ago with 15 member flags

Newest topics getting replies, in real-time:

Anonymous hacks CIA
  Breaking Alternative News, Posted 16 hours ago, 116 replies
Free Psychic Readings
  General Chit Chat, Posted 12 hours ago, 99 replies
Hollow Earth Theory New Evidence.
  General Conspiracies, Posted 11 hours ago, 63 replies
Anonymous show your face!
  Rant, Posted 7 hours ago, 58 replies
Free will
  Philosophy and Metaphysics, Posted 14 hours ago, 50 replies