Quote:
Originally Posted by pornguy
Its not the point that the bail out money was used in 2007. The point is they PIAD OUT THAT KIND OF MONEY to execs that were driving the banks into the ground and causing the NEED for the bail out.
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I am well aware of the point of the "article", I was questioning the point of the "poster" and the "thread title"
And it isn't really the money they paid their exec's that caused this financial hole we are in right now. I have seen your posts and know you are smarter than that.
The SHADY LOAN PRACTICES was what drove these banks into the ground. 116 banks handing out a mere 1.6 billion in salaries, bonuses and benefits is what caused this collapse? Highly unlikely, but it does point out their greed nicely.
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"The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01