« Bushed | Main | Why Not a Tobin Tax? »

September 21, 2008


Actual Money

This isn't a bailout, its the perfection of the long con.

The majority of that money will walk out the back door in the form of overvalued assets or loans to banks that should and will go bankrupt.

Welcome to the Great Treasury Robbery of 2008!

HJ James, Chicago, IL

Why is no one calling for immediate criminal prosecution of the executives and boards of US financial services companies for treason and fraud?


Actually, the "billion here, ..." quote is most frequently attributed to Ev Dirksen:


Dave Iverson

"A billion here, a billion there, pretty soon, you're talking real money."
Although often quoted, it seems Dirksen never actually said this. The Dirksen Congressional Research Center made an extensive search when fully 25% of enquiries to them were about the quotation. They could find Dirksen did say "a billion here, a billion there", and things close to that, but not the "pretty soon you're talking real money" part.... via http://en.wikiquote.org/wiki/Everett_Dirksen

Thanks sig.. I blew it, once again by trying to rely on my ever-faulty memory I came up with Tip O'Neil.. But it looks like it is only misattributed to Dirksen.. I updated the Post to reflect the correction.


If the U.S. expects to be a leader and model of capitalism for the world, the recent bail out is the worst example of why no one should believe the U.S. is anything more than hot air.

For all of the dissent over the bail out in the U.S., there have been few, if any, articles over how the rest of the world sees the bail out problem and solution in America.

For banks who helped to contribute to, or initiate such action, why would the world believe in them?

The entire mess and the solution saves anything but face within the scope of world legitimacy.

The comments to this entry are closed.

Want Email Updates?

Your email address:

Powered by FeedBlitz

* Google * Site-Search


  • Chronicles of international finance and geopolitics, with hints from thither and yon to help us find a way from "growth and development" to "sustainability."

    This is a personal web site, reflecting only the opinions of its author and those who offer up comments. It was built and is maintained in occasional spare moments.

    More about me, my other blogs, etc.

Blog powered by Typepad