And We wonder why the economy keeps falling apart

[dc dalton]

Let's hire the IDIOT that oversaw the failure of Bear Sterns to become the vice president in the Bank Supervision Group at the NY Federal Reserve. Can't make this kind of dumb shit up:

NEW YORK -- In a twist, the Federal Reserve Bank of New York has hired the former chief risk officer of Bear Stearns Cos., the Wall Street firm it was forced to save last spring.

The New York Fed said in a release dated Friday that Michael Alix has been hired as a senior vice president in the Bank Supervision Group, under William Rutledge, executive vice president in that group.

http://online.wsj.com/article/SB122582593078497823.html

[Gkgas]

Simple they were not saving the companies they were saving there friends, now they are rewarding them even more.

[dc dalton]

Simple they were not saving the companies they were saving there friends, now they are rewarding them even more.

Yeah but can they make it any more obvious? yesh

[Gkgas]

Yeah but can they make it any more obvious? yesh

You think they would try but I guess they do not care.

[dc dalton]

You think they would try but I guess they do not care.

OK, I'll accept that for one second but then I HAVE to ask .. are Americans so god damned stupid they can't see through the lies, the 'taking care of our buddies, the 'fuck you my rich friends are worth more than you' crap?

Why, oh fucking WHY aren't the American people rioting in the streets demanding the blood of these parasites?

[Morel42]

OK, I'll accept that for one second but then I HAVE to ask .. are Americans so god damned stupid they can't see through the lies, the 'taking care of our buddies, the 'fuck you my rich friends are worth more than you' crap?

Why, oh fucking WHY aren't the American people rioting in the streets demanding the blood of these parasites?

Because an entire Generation has no idea how totally busted the system is, or even a rudementary understanding about how the financial system works?

[pghxd9]

Even if we can see this bullshit happening, it appears there is nothing that we can do about it. Our money will go to help these scumbags stay rich while their mistakes cause us to lose a lot of money. It sickens me to think that they aren't being held accountable and probably never will.

[Gkgas]

[QUOTE=dc dalton;491930]OK, I'll accept that for one second but then I HAVE to ask .. are Americans so god damned stupid they can't see through the lies, the 'taking care of our buddies, the 'fuck you my rich friends are worth more than you' crap?

I have often wondered these points myself people do not care they turn on the tv and watch the news and believe whatever they are told......

[The_War_Wagon]

Must be GOOD to be part of Skull & Bones! Dopey me... I pledged Delta Chi...

ITB,

Bob

[dc dalton]

Don't know if you guys saw this post I made in the 'while we were paying attention to the election' but it also applies here BIG TIME:

Remember that $700 billion bailout they passed?

Remember how the FED was to report who got what and how much?

Well think again kids.

How about 2 TRILLION lent out!

How about they refuse to say who got the money and what collateral they got in return!

http://www.bloomberg.com/apps/news?p...efer=worldwide

that's YOUR money they are playing with!