Sunday, April 3
Spring is still not here - one of these days, I suppose. Looking forward to golfing and soon, but it will be a few weeks before the courses are up to playing shape - once the grass has been cut a few times, it will be ready. I'm going to start some seeds in paper cups, and will see what grows. I usually end up buying plants anyway, but watching a cup of dirt and looking for a sprout is a nice diversion.
There was a story in the news Friday about the Fed and the lending that went on during the financial meltdown in 2008. The details were kept secret until recently, but the bottom line is that once the meltdown started, foreign banks lined up to get interest free money from the Fed (our tax dollars) that presumably would be lent to those building houses, running companies, building inventories, etc....BUT AT A PROFIT. so, the way that many banks survived was to be given free money that they then turned around and either lent at a profit, or bought t-bills and were paid an interest rate - BUT IT COST THEM NOTHING. The leadership running the treasury is really genius. All of this going on while people are losing their homes, losing their jobs.....and billions of our bailout money (our tax dollars) being disbursed at Goldman Sachs in the form of bonuses. Where is ours? Where is the outrage? We taxpayers are so conditioned that this is normal that there is barely a peep from the general populace. Kind of like the unrealistic pension payouts that are burdening Illinois (the most poorly run state in the country). We are supposed to accept that is it ok for someone to be drawing $100 grand a year at age 55 and holding down a govenrnment job for which a second pension will be paid out. These are not acceptable situations - if you are sitting on the side of those that have to pay for these entitlement programs. From foreign banks, to Fannie Mae/Freddie Mac, to the douchebags at Goldman - all are lining up for their share of our money. and for some reason they all feel this is normal.
it is anything but.....
There was a story in the news Friday about the Fed and the lending that went on during the financial meltdown in 2008. The details were kept secret until recently, but the bottom line is that once the meltdown started, foreign banks lined up to get interest free money from the Fed (our tax dollars) that presumably would be lent to those building houses, running companies, building inventories, etc....BUT AT A PROFIT. so, the way that many banks survived was to be given free money that they then turned around and either lent at a profit, or bought t-bills and were paid an interest rate - BUT IT COST THEM NOTHING. The leadership running the treasury is really genius. All of this going on while people are losing their homes, losing their jobs.....and billions of our bailout money (our tax dollars) being disbursed at Goldman Sachs in the form of bonuses. Where is ours? Where is the outrage? We taxpayers are so conditioned that this is normal that there is barely a peep from the general populace. Kind of like the unrealistic pension payouts that are burdening Illinois (the most poorly run state in the country). We are supposed to accept that is it ok for someone to be drawing $100 grand a year at age 55 and holding down a govenrnment job for which a second pension will be paid out. These are not acceptable situations - if you are sitting on the side of those that have to pay for these entitlement programs. From foreign banks, to Fannie Mae/Freddie Mac, to the douchebags at Goldman - all are lining up for their share of our money. and for some reason they all feel this is normal.
it is anything but.....
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