Hopenchange you can believe in. . .

Discussion in 'Politics & Religion' started by TGregg, Nov 9, 2009.

  1. TGregg

    TGregg

    . . . more money for banks, yay! Attention future generations, it's (once again) time to lube up and grab those ankles!

    The Fed says GMAC is expected to get more taxpayer money from the $700 billion financial bailout. The finance company is negotiating with Treasury over how much it will receive.

    The test results in May found that 10 of the 19 largest banks needed an extra cushion of capital to withstand deeper losses they would see if the recession worsened. Nine of those 10 have raised the money from private investors, by selling assets or by converting preferred equity into common shares.

    The stress test envisioned what would happen if unemployment reached 8.9 percent in 2009. Unemployment now stands at 10.2 percent


    http://finance.yahoo.com/news/Fed-G...tml?x=0&sec=topStories&pos=main&asset=&ccode=
     
  2. fhl

    fhl

    ..and Barry's health care idea is so good that it comes with handcuffs.......