For those who want bailout money, here is the trick

[EscortBiz]

There is billions of dollars available but if you want any of it you have to drive down to DC and not fly, better yet car pool in a green car and show up in a green hat and youll have 500 hippies with signs supporting you.

This is my tip of the day

Bruce Feedman

[fuzebox]

My new Gulfstream has a "green" certification because it outputs low hydrocarbons, does this count?

[tony286]

Even if they want 50 billion. When you compare it to the financial industry the 100s of billions thrown at it and basically shit happened. Now these guys are being rung thru the coals,when finance just got a check.

[Slappin Fish]

Originally Posted by tony404

When you compare it to the financial industry the 100s of billions thrown at it and basically shit happened.

Without finance everything else grinds to a halt, small and big business alike.

[tony286]

Originally Posted by Slappin Fish

Without finance everything else grinds to a halt, small and big business alike.

credit is frozen that was the point of giving them all that money. they arent using it to lend they are just holding on to it.

[Slappin Fish]

Originally Posted by tony404

credit is frozen that was the point of giving them all that money. they arent using it to lend they are just holding on to it.

It made sure the banks where capitalized well enough to avoid more failures and panic among creditors, like after the Lehman collapse.

Credit is starting to "unfreeze", mortgage rates are dropping :

http://www.nytimes.com/2008/12/04/bu...?ref=yourmoney

[tony286]

Originally Posted by Slappin Fish

It made sure the banks where capitalized well enough to avoid more failures and panic among creditors, like after the Lehman collapse.

Credit is starting to "unfreeze", mortgage rates are dropping :

http://www.nytimes.com/2008/12/04/bu...?ref=yourmoney

from what I saw on the news the 4.5 would only be for new home buys.The money was given to them to lend not keep. Im watching the hearings today and they spoke that its about time to hold the financial industry accountable for the money they were given and that they didnt do what was promised.

[Fletch XXX]

use fear, it always works.

"if you dont give us 16 tril the world is gonna die, kids will be eating in the streets and no one will get Wii for xmas"

[Slappin Fish]

Originally Posted by tony404

from what I saw on the news the 4.5 would only be for new home buys.The money was given to them to lend not keep. Im watching the hearings today and they spoke that its about time to hold the financial industry accountable for the money they were given and that they didnt do what was promised.

We agree, they didn't do what they were supposed to do with it, but neither did the government, originally TARP was for buying up toxic assets, how did purchasing direct stakes in banks come about?

They changed the rules in the middle of the game and expected the banks wouldn't do the same?