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When they act like it’s a crisis, part 37B
Hot Air » Top Picks —
... , I wrote about the AP’s discovery that banks didn’t want to discuss what they have done with the bailout money they got from Henry Paulson and George Bush. Today, IBD notes that they have 1.6 billion reasons to keep their mouths shut: In any real crisis, everyone sacrifices to weather the storm. But the panicky $700 billion bailout that Congress approved for 116 banks in the fall shows an entirely different sense of urgency. On Sunday, the Associated Press found that $1.6 billion of bailout cash was converted to gravy for 600 bankers. They got bonuses, club dues, financial ...
What the Heck, It’s Only A Few Billion Dollars, Right?
The Sundries Shack —
... opposed the TARP bailout program is because the general panic from the Secretary of the Treasury and Congressional Democrats reminded me of someone who sees a fire and goes running downhill at top speed toward it with a couple big buckets full of water. You know what’s going to happen when they get there. They’ll be lucky to get there with a cup full of water to throw on the fire because in their haste, they sloshed most of the water out of the bucket and onto the ground. Well, that’s exactly what’s been happening thus far with the billions of TARP bucks Congress gave to ...
