> RoMunn wrote: > i just read something in iht.com yesterday that said basicakky the > same thing.
Well, this was my test for you in the other thread. Let me explain ... See the wacko-conservo-blogosphere has been all goofy about the stimulus bill: porkulous, no time for review, et al. These are all ridiculous points because: 1.) Republicans have been involved - not ideally - from day 1. 2.) The bill has been up on the web forever. 3.) 2/3 of the bill is tax cuts and of the 1/3 that's not, the complaint is on less than 1% of the total bill. And in the meantime, because they're basically morons, they've TOTALLY missed the the scariest thing: Geithner. Stay with me here. Geither has proposed private funding for the banks. But wait, aren't they already? Yup. So what's the difference? The Fed backstops the risk of the toxic assets. So what? 1.) The Fed isn't regulated. 2.) Taxpayers have no clue what's going on in the Fed or how much risk they're backstopping. 3.) We're probably talking at least $3 trillion AND! If you were a private investor interested in these backstopped toxic assets would you buy if you knew in a few months the banks would get nationalized anyway? That would mean you'd lose complete control of your investment. Summary ------------- While the conservo-blogosphere is busy babbling about a leaf on the forest floor, Geithner has grown the biggest opaque forest we've ever seen behind them. Catch up conservo-blogosphere, you're missing the boat! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:288589 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
