Because once again Wall Streeters forgot simply economics. Don't lend money to 
people who can't pay it back.  Greed blinded them to that simple axiom.
But let's be careful with the Keating 5 ref to McCain (not that I'm supporting 
him).  He met once and the only reason he got listed was the Dems had 4 
Senators with dirty hands but no Rep so the Dems scrambled to get at least 1 
Rep involved.

-----Original Message-----
From: Free, Bob [mailto:[EMAIL PROTECTED]
Sent: Friday, September 26, 2008 1:21 PM
To: NT System Admin Issues
Subject: RE: $700B?



> I'm probably a tad bit older than some of you posters, but I clearly remember 
> the S & L scandal

 

It's a good time to remember it and it's actually getting some play again these 
days....hmmm...I wonder why...

 

http://en.wikipedia.org/wiki/Keating_Five

 

http://en.wikipedia.org/wiki/Savings_and_Loan_crisis

 

 

 

From: Chinnery, Paul [mailto:[EMAIL PROTECTED] 
Sent: Friday, September 26, 2008 8:49 AM
To: NT System Admin Issues
Subject: RE: $700B?

 

1. You're assuming the gov won't be paid back.  I'm probably a tad bit older 
than some of you posters, but I clearly remember the S & L scandal (along with 
insider trading, junks bonds) in the 80's  Back then, some wags had predicted 
it was going to cost close a trillion dollars.  It actually only cost around 
$175B.

2. Right, everybody gets 2 g's.  There's goes the inflation rate sky high.  
(Not that I'd turn it down, mind you.)

-----Original Message-----
From: Devin Meade [mailto:[EMAIL PROTECTED]
Sent: Friday, September 26, 2008 10:29 AM
To: NT System Admin Issues
Subject: Re: $700B?

700 Billion / 300 Million = $2,333.  Thats what every resident (legal and 
non-legal) will be paying to bail out the crooks.  How bout sending US a check 
instead.  Shutting up now.

On Fri, Sep 26, 2008 at 9:19 AM, Eldridge, Dave < [EMAIL PROTECTED]> wrote:

I like the idea going around to reverse the "trickle down" and start at the 
bottom and let 700b flow upwards. J

 

From: Vue, Za [mailto: [EMAIL PROTECTED] 

Sent: Friday, September 26, 2008 7:33 AM
To: NT System Admin Issues

Subject: $700B? 

 

This sounds more like a ransom from the master of evil for wanting to take over 
Earth or a Lewis Farrakhan lawsuit.

 

-Z.V.

 

 

 

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