Jul 14, 2008
Un-American
| Fanny Mae oh my!! You gotta be kidding, Freddie Mac too? Who comes up with these names? Who thinks they're good and catchy for a financial business? We're half a step away from Banana Pajama financial corp. Am I glad my bank account is practically dry. You know that the FDIC insures every bank for $100,000 right? Well that's great. But let's put that into perspective. That's 100 people getting $1,000 when the bank collapses. I don't know about you, but I'm pretty sure every bank in existence has more than 100 customers, or else they wouldn't be in business. So the question is, when banks do start faltering, who's going to pay the price? Well, as always, it's us. The average American. The one who has the most to lose because every penny saved goes straight into savings accounts from the Atlantic to the Pacific. And as banks and financial firms collapse, we're the ones that are going to pay. Most likely pay double. How are we going to pay double you ask? It's really quite simple. We're going to pay when local banks start closing your accounts with a shrug of their shoulders and you'll get your FDIC check soon. Yeah, a check, which you can't cash because you don't have a bank account anymore! Convenient isn't it? But then look at what the government is trying to do. And rightfully so, they need to step in and help these corporations that have been lying about their financial status to keep attracting investors. Keeping those businesses afloat protects us from the second whammy. The second whammy is losing our bank account. What's the first whammy then? Well, what the first whammy always is, taxes!! Yes, what way is the government going to drudge up all this money to help cover the cost of inflating that bright yellow raft under these CE and CFO's asses? From the tax payer. The tax payer without a bank account. Because those Chief Officers decided to lie their asses off and to doctor books and make more money for themselves before the ceiling and the floor conveniently converged on their firm. But even with the government stepping in, it's probably already too late. Oh well, at least at the end of the day you can trudge your FDIC check to a bar and buy a good old fashioned American brewski. Yeah, help up the economy that way... FUCKKKKKKKK |
posted by Mike at 4:57 PM
