so wait…how do you give people money that doesn’t exist? and WHY? For example: David, you’re a friend of mine. If you asked me for money, I would lend it to you. I’d even *give* it to you. But if you took $100 from me because you were in debt, then turned around and bought a $1000 widget, I would be pretty pissed, and *certainly* wouldn’t loan you more money.
This is *exactly* what we’re seeing in these companies. Every time they get a dime, they spend a dollar, then ask the gov’t for even more. Look at CitiGroup…One day they want to blow BILLIONS on buying Wachovia, then they are going under and need a rescue plan, and now they are spending *more* trying to sue Wachovia and Wells Fargo because they didn’t get to buy out the company–*even though we now know that they couldn’t in the first place!*
so wait…how do you give people money that doesn’t exist? and WHY? For example: David, you’re a friend of mine. If you asked me for money, I would lend it to you. I’d even *give* it to you. But if you took $100 from me because you were in debt, then turned around and bought a $1000 widget, I would be pretty pissed, and *certainly* wouldn’t loan you more money.
This is *exactly* what we’re seeing in these companies. Every time they get a dime, they spend a dollar, then ask the gov’t for even more. Look at CitiGroup…One day they want to blow BILLIONS on buying Wachovia, then they are going under and need a rescue plan, and now they are spending *more* trying to sue Wachovia and Wells Fargo because they didn’t get to buy out the company–*even though we now know that they couldn’t in the first place!*
It boggles the mind.
A “ONE YEAR MORTGAGE HOLIDAY” on all Real Estate Mortgage debt in the Country is the Only Broad based Stimulus plan to save Our Economy!
Please check it out:
http://WWW.SAVEOURECONOMY.COM