This pi$$e$ me off.

I think of all the community-size banks that were careful in their lending that didn't make huge profits but made steady profits for their investors. What reward do tehy got? Worse than none. their greatest threat was from megabanks encroaching on community banks. So instead of having a chance at survival through careful husbandry of assets, they face subsidized competition from megabanks.

Rewarding sloppy, greedy incompetence and punishing careful, honest work. Welcome to national socialism.

B

well the big banks did mess up but the government had no choice but to help bail out people. If they didn't bail people out there would be a huge leap in unemployment and would put the US in big trouble.

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http://i148.photobucket.com/albums/s...titled-1-3.jpg
1981 300d

I think that time has long since passed, bot. Most small banks package and sell their mortgages to big banks. With no market, they won't loan anymore.

You guys are right, of that I am reasonably certain.

It still sucks.

It sucks that they win my money through what is essentially extortion -- they screwed-up, they failed, if they collapse they're taking you and me with them.

I reserve the right to whine ineffectually.

B

This brings to mind the Burke and Herbert Bank in Alexandria, VA. It's one of these small, friendly, community banks that seemed so anachronistic just a few months ago. They look pretty smart now. They've being getting a lot of new business all of a sudden . . . .

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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

If you weren't so afraid of that socialism, the *********s would actually pay the price. I believe it was in the British move yesterday where they took a CEO's, or forced him to give up, his severance package.

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1984 300TD

2 stupid wrongs to not a wise right make.

We'll see. We've been working on it for weeks now and the Europeans got theirs done in a couple of days. I guess one of us will have egg on their face when it comes time for them to re-privatize the banks.
I'm not even going to skip breakfast that day, since rabidly socialist Sweden has proved they can nationalize/reprivatize.

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1984 300TD

So did the Soviet Union.

billions isn't even the hot word anymore.. now its trillions.. half trillion, quarter trillion...

those are frign huge numbers.

There was a guy on The Newshour who was talking about having the screwers actually pay for the bailout themselves by imposing a .1% sales tax on the securities transactions that will be taking place. Given the trillions of dollars of transactions, it would add up to $500 billion dollars. The guy's name was Ralph Nader.

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1984 300TD

My 401K would pay that percentage. No thank you.

B

This already happened.

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Cheers,
Robert

The companies making the trades would. You pay a sales tax when you buy food, right? What's the difference?

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1984 300TD