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Barney Frank wants to give banks 5 more years of speculating with our federally insured

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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-22-10 07:42 AM
Original message
Barney Frank wants to give banks 5 more years of speculating with our federally insured
Deposits and loans from the federal reserve.

He thinks that anything faster is too drastic but what solution does he have to make sure we don't have to bail out the banks again?

Of course Goldman thinks it's an awful idea to cut them off from cheap money. And they want taxpayers to have to bailout whoever they are contracting with to make money if everything collapses again. They got $12 billion from AIG. That money came directly from taxpayer coffers. It's money we borrowed from the Chinese.

Goldman's bonus Pool will be $16 billion. That is mostly taxpayer money. It is an outrage.
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biermeister Donating Member (425 posts) Send PM | Profile | Ignore Fri Jan-22-10 08:02 AM
Response to Original message
1. WWW.AUDITTHEFED.COM! nt
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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-22-10 08:05 AM
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2. Barney what the heck... Take that money and give it to the poor....
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-22-10 08:08 AM
Response to Reply #2
3. We don't have that money. We are in debt to our eyeballs.
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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-22-10 08:20 AM
Response to Original message
4. Let me be Frank with you Barney...
Audit them now.
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