I don't understand. Why should our bank pay off a bad loan. Whose bad loan? If Dubai bought a bad loan and wants their money back why should they take precedence over investors who bought the bad loans in America? If I buy bad debt, you can be sure I'll not get my money back. Makes no sense to me.
----- Original Message ----- From: "Stephen Russell" <[email protected]> To: "ProFox Email List" <[email protected]> Sent: Wednesday, March 11, 2009 12:09 PM Subject: Re: [OT] Billions to Dubai > On Wed, Mar 11, 2009 at 9:03 AM, Nicholas Geti <[email protected]> > wrote: >> Just heard on CNBC this morning that Congress is starting hearings today >> about why Citigroup and other banks sent $4B of the first round of TARP >> funds to Dubai. It was supposed to help Americans. > ---------------------------- > > It was to pay off bad loans, which got sold to THE ENTIRE WORLD. > > -- > Stephen Russell > Sr. Production Systems Programmer > Web and Windows Development > Independent Contractor > Memphis TN > > 901.246-0159 > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/02a901c9a27a$494cce90$6401a...@dual ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
