Comments on: Billions in Bank Rescue Funds are Fueling Buyouts, Instead of Lending

By: C.W.

C.W. — Sat, 29 Nov 2008 00:11:45 +0000

Welcome to the Great Consolidation. Next stop, USA merger with Canada.

By: mike

mike — Fri, 28 Nov 2008 19:23:22 +0000

.....so big daddy bank...gives the money to widow mama bank....who then runs off to the....delinquid baby bank orphanage to get mama a bigger fambly to get mo's money from big daddy bank....?...." for the children"......

By: Pete

Pete — Thu, 27 Nov 2008 23:55:27 +0000

spot on Karl

By: Karl

Karl — Thu, 27 Nov 2008 22:16:10 +0000

The race is on. The race to become too big to fail.

By using the TARP to grow, they are insuring themselves against future losses. Its clever, but not really what was intended.

By: Pete

Pete — Thu, 27 Nov 2008 05:18:21 +0000

Hahaha, humanity is brilliant. This does not surprise me one bit!

It just goes to show that if you don't have a rule against it (and sometimes even if you do), humans will do everything possible to get ahead.

Just like first-home-owners in Australia using their precious FHB grant to buy plasma tv's and overpriced furniture, or dodgy parents spending the baby bonus at the casino, this TARP is being used for purposes other than what it was meant for (we think...or is Hank in on this?).

Governments (erm, and the Fed?) are so bad at this game...