Comments on: Toxic Assets

By: no third solution » Blog Archive » Bank of America Receives Bailout, Promptly Lays Off Thousands

Sat, 10 Jan 2009 18:19:32 +0000

[...] of dollars from the federal government, with little to no oversight, yet late last year (after the toxic financial instruments had been revealed) they bought subprime lender, Countrywide Financial. And they just finalized a [...]

By: WickedFire - Affiliate Marketing Forum - Internet Marketing Webmaster SEO Forum

WickedFire - Affiliate Marketing Forum - Internet Marketing Webmaster SEO Forum — Sat, 20 Sep 2008 13:05:27 +0000

US GOV’T BAILOUT of Banks…

they have to do most of this stuff, otherwise we would probably be in another great depression. I would rather pay more taxes than live through a depression.
If you understand cause and effect, as wel……

By: Francois Tremblay

Francois Tremblay — Fri, 19 Sep 2008 20:40:26 +0000

When the system works, we’re all state capitalists, when it fails we’re all state socialists.

By: Jeff Molby

Jeff Molby — Fri, 19 Sep 2008 14:59:34 +0000

Olly, I don’t think it was original.
http://bkmarcus.com/blog/2008/08/outsourcing-the-losses

By: olly

olly — Fri, 19 Sep 2008 13:59:22 +0000

I wish I could find the quote again, but I was reading a Reuters article about this yesterday, and an economist from Harvard made a statement to the effect:

‘We privatize the profits and socialize the losses’

Which I thought was particularly apt.