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Sat, 13 Dec 2008 21:48:38 +0000 hourly 1 https://wordpress.org/?v=7.1.4 By: the talking dog https://thetalkingdog.com/2008/12/12/chump_change/#comment-20953 Sat, 13 Dec 2008 21:48:38 +0000 http://thetalkingdog.com/2008/12/12/chump_change/#comment-20953 They didn’t call him “King Henry” Paulson for nothin’ now, did they? As you said: it’s good to be the king.

]]> By: Just Wondering https://thetalkingdog.com/2008/12/12/chump_change/#comment-20952 Sat, 13 Dec 2008 20:51:25 +0000 http://thetalkingdog.com/2008/12/12/chump_change/#comment-20952 Forgot to mention. The Treasury (headed by a Goldman Sachs alum) gave Goldman Sachs (now a bank) $10 billion out of the $700 billion (supervised by a Goldman Sachs alum), and this week they announce $12 billion in year end bonuses. It’s good to be Goldman Sachs.

]]> By: the talking dog https://thetalkingdog.com/2008/12/12/chump_change/#comment-20951 Sat, 13 Dec 2008 14:10:40 +0000 http://thetalkingdog.com/2008/12/12/chump_change/#comment-20951 JW:
Agreed– a total default by any of the Big Three– or really any major industrial company (do we have that many left?) would pretty much take out the PBGC, just as a top ten bank failure could take out the FDIC (and why it was so critical to shore up the banking sector, albeit at obscene cost). Which is also why no one in their right mind would allow such an enterprise as GM to fail in the midst of an economic and financial meltdown. Which leads us to ask… are the Republicans involved in this out of their right minds? They have their ideologies, and they just don’t care about the broader consequences of anything they do… of course, they never have. Are they stupid… or are they nuts? You decided…

]]> By: Just Wondering https://thetalkingdog.com/2008/12/12/chump_change/#comment-20950 Sat, 13 Dec 2008 10:11:53 +0000 http://thetalkingdog.com/2008/12/12/chump_change/#comment-20950 This one seems to be a battle of the supermoney – unionized Detroit vs. non-union South. May the better connected contestant win. Though I don’t think you can blame the Republicans, W wanted the bailout. The money might come from the $700 billion bailout.

]]> By: Michael L https://thetalkingdog.com/2008/12/12/chump_change/#comment-20949 Fri, 12 Dec 2008 10:17:25 +0000 http://thetalkingdog.com/2008/12/12/chump_change/#comment-20949 And saying with your usual eloquence. The Republicans are fine with throwing money at their rich, greedy friends who run big companies into the ground (small and medium size banks are doing quite fine, so I hear. Lending money and everything) but they just ask their “friends” in “real America” to bend over and take it.

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