Now that them Banks gonna lose billions in bad loans cause the borrowers

[opihimoimoi]

are bailing due to a declining value and escalating interst payments....

They want a bailout from US the Taxpayers??

Seems to me the Bank industry made the move of lending into poor contracts themselves,,,thus should pay the piper....

they been making billions of profit all these years and they want more??? How more greedy can we get here?

They put up the money and they lost....Taxpayers should not bail them out....they can afford a loss now and then like everyone else

[Hydra]

1. Here's the rub

They CREATED that money in the first place- it never existed until they made those loans. They want us to give them money to cover the spun out of air money they created.

The world is crazy some days.

[independentpiney]

2. I hadn't thought of it that way but it's very true

They want real cash from the taxpayers for the phantom cash they created as you say, out of thin air. If I was a bit more paranoid I'd swear it could be a well planned con game.

[Hydra]

4. It was, though

Why did all of those ARM's adjust at the same time? Why did they have to adjust at all?

Whether it's a 102% profit per year or a 109% profit per year...who cares at that point? Not the banks. Their job is to get you to sign up for more loans, not ones you can't pay for.

This was just an easy way to pop the bubble at a predicable time. Did everyone enjoy the show?

[onethatcares]

3. this is the problem,

no money for education, health care, infrastructure, but when the banks need, our so called government is there throwing money at them. WHY?:banghead:

[Hydra]

5. Money that doesn't exist, in fact

The fed flooding the market with "liquidity"- where did that money come from? From their loan center, of course!

[jtrockville]

6. Surely the CEOs will forego their gazillion $ salaries and bonuses

before asking taxpayers to bail them out, no?

[opihimoimoi]

7. LOL, I think not...for they surely are a greedy bunch.....