The entities that got the the billion dollar bailouts have assets valued at over 1 trillion dollars. How can this be?
If you had $50,000 in debts and $100,000 in assets, a bankruptcy Judge would laugh you out of court.
Unseen high rollers merely wanted their losses covered by the taxpayers.
Update: the banks passed the fake stress test...they count profits that have not happened yet, and think nobody will notice...hey, taxpayer! Bail me out some more!
PPIP is beyond lunacy. Crap is exchanged for cash...
If you had $50,000 in debts and $100,000 in assets, a bankruptcy Judge would laugh you out of court.
Unseen high rollers merely wanted their losses covered by the taxpayers.
Update: the banks passed the fake stress test...they count profits that have not happened yet, and think nobody will notice...hey, taxpayer! Bail me out some more!
PPIP is beyond lunacy. Crap is exchanged for cash...
posted by Zero at 4:32 AM
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