On one of my forums someone mentioned the $700 Billion Bail Out and I did the math for them. Basically Bush's banking buddies made bad decisions and lost a pile of money. Rather than take the hit for their stupidity they want to have the taxpayers foot the bill. It works out to just under $2,500 for every man, woman, and child in the United States. For my family of four I get to pay about $10,000 to the Fat Cats so that they may remain Fat.
Meanwhile, over in Japan they are having their own banking troubles:
In the last 7 days Origami Bank has folded, Sumo Bank has gone belly
up and Bonsai Bank announced plans to cut some of its branches.
Yesterday, it was announced that Karaoke Bank is up for sale and will
likely go for a song, while today shares in Kamikaze Bank were
suspended after they nose-dived.
While Samurai Bank is soldiering on following sharp cutbacks, Ninja
Bank is reported to have taken a hit, but they remain in the black.
Furthermore, 500 staff at Karate Bank got the chop and analysts report
that there is something fishy going on at Sushi Bank where it is
feared that staff may get a raw deal.
(don't blame me, I'm just repeating what I heard!)
Posted by Paladin at October 2, 2008 04:15 PMThe right wingers say that this was inherited from Bill!
Posted by: Wingo at October 9, 2008 02:55 PM