"A government big enough to give you everything you want, is big enough to take away everything you have"
Thomas Jefferson

Tuesday, August 25, 2009

Slip, Sliding Away



Dan Francis said...

With reports like this, no wonder job approvals are falling - the blame is squarely misplaced and the public keeps falling for it... to wit:

The Federal Reserve has been ordered to reveal the names of companies that received emergency loans during the financial crisis, after losing a Freedom of Information Act lawsuit brought by Bloomberg News.

"The Fed has refused to name the financial firms it lent to or disclose the amounts or the assets put up as collateral under 11 programs, most put in place during the deepest financial crisis since the Great Depression, saying that doing so might set off a run by depositors and unsettle shareholders."

The key for everyone is this:

"Of the approximately $2 trillion in Fed assets as of last September, [NOTE: that would have been under the Bush team] it's unclear just how much of that amount went to the Fed's emergency loan program, which marked an unprecedented entry by the Fed into the mortgage-backed security market."

I rest my case.

From Bloomberg - the Story

— dmf

Anonymous said...

I'm confused. By far the group with the lowest approval rate for the Great One is the old folks, recipients of the new "health care" solution. Hey Froggie, why, if these folks are so "satisfied" as you say with govment programs, would these people have such a low opine of our First Black President and Teleprompter Reader? These people are usually Donkeys, aren't they? Now I can understand the young people still luvin him as the mall is a long way from the old folks' home, but them elderly are confuuuused. Frog, tell me why they don't love your man any more.

The Great One should just tell them old geeezers to quit bitchin' and be satisfied. The new govment healthcare will have their best interests at heart. Obviously they ain't takin' the bait. Fools.

Earthbob said...

Better dust off your wheel barrels.

We're going to need them to carry our dollars.

Larger capacity than our wallets...

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