With regard to bailing out the banks…
The president said. "It was the right thing to do, even though it's infuriating, even though it makes you angry. ... Here's the problem, It's almost like they've got a bomb strapped to them and they've got their hand on the trigger. You don't want them to blow up. But you've got to kind of talk them, ease that finger off the trigger."
Full text at:
http://abcnews.go.com/Politics/Economy/story?id=7119504&page=1
Far be it from me to stand up and defend banks, but Mr. President, that was one hell of a thing to say.
If the public takes a look they will see that one type of institution that is not receiving bailouts is credit unions.
No, we’re not perfect and credit unions have been known to fail. That said, credit unions generally speaking, are prudently run. It is actually ironic because the bankers frequently tell us we are over-capitalized, and that we should put those extra pennies to work. Not lately though.
But comparing them (banks) to terrorists with bombs strapped on and fingers on the button is unhelpfu
Friday, March 20, 2009
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