GoFuckYourself.com - Adult Webmaster Forum - View Single Post - 9 more U.S. banks fail; $2.5 billion hit for FDIC

onwebcam · 11-03-2009, 12:39 AM

All this shit is so wrong it's not even funny. All thats going on here is the too big to fail are getting bigger. Here's how they are "saving" the economy. We gave them shitloads of tax payer money to recapitalize their banks. They don;t lend to us or these other smaller banks. The FDIC goes broke shutting the smaller banks down paying off all the bad assets making them nice and clean institutions and hands them off to the bigger banks to increase their capital. Now if that isn't enough. The big banks are now lending likely tax payer money to the FDIC because they are broke so they can close more smaller banks down so they can then snatch them up for pennies on the dollar plus make interest on the whole deal to boot.

11-03-2009, 12:39 AM
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,653	All this shit is so wrong it's not even funny. All thats going on here is the too big to fail are getting bigger. Here's how they are "saving" the economy. We gave them shitloads of tax payer money to recapitalize their banks. They don;t lend to us or these other smaller banks. The FDIC goes broke shutting the smaller banks down paying off all the bad assets making them nice and clean institutions and hands them off to the bigger banks to increase their capital. Now if that isn't enough. The big banks are now lending likely tax payer money to the FDIC because they are broke so they can close more smaller banks down so they can then snatch them up for pennies on the dollar plus make interest on the whole deal to boot. __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete. Last edited by onwebcam; 11-03-2009 at 12:43 AM..