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    Banking Give Away: Get Your Fair Share Of Cash Today!

    Sunday, December 14th, 2008 @ 5:12 pm | Banking/Finance, Business, US Politics, We Think

    If you fit the following description you may be eligible to receive free money, not just regular welfare for the citizens but the corporate kind of welfare that usually means cash and a whole lot of it from the government:

    American banking institutions who’s executives have mismanaged hundreds of millions of dollars  in assets, perhaps billions of dollars, while foreclosing on millions of alleged homeowners, because after all who really owns the property those folks have been paying on for all those years, are receiving loads of cash for being incompetent. You, too, can receive your share of  750 Billion dollars in this latest government giveaway. There’s no oversight. No one looking over your shoulder to insure taxpayers you spend the cash the way you say you will in order to receive it. Do what you will with the money with no repercussions! You may even have an opportunity to receive even more money for past poor performance.

    Last we counted the total cost to taxpayers was more than one Trillion dollars. Seems we were low balling our guess-timate. The real amount is closer to three or four Trillion dollars. UPDATE: new amount added to our already over the top national debt is upwards of eight Trillion dollars

    Our plan would have worked better. If when the amount being discussed in September was 750 Billion dollars, every American man, woman and child would have received  about seven thousand dollars each. Since children under the age of eighteen are minors their part would go to parents who we presume would be no better or worse decision makers than the bankers who’ve had access to far more money. In our plan the money would have gone to the people who could do the most with it to bring our national economy back to normal.

    For example a family of four would have twenty-eight thousand dollars to spend as they wish. In most cases that amount would pay off credit card debt or reduce mortgage indebtedness; it could fund a college education or payoff medical expenses. It might even pay down or pay off the family car.

    But no we see our hard earned tax money going to the movers, shakers and spenders on Wall Street for more extravagances like privet jet flights or expensive $500 per bottle wines or luxury spa weekends in locales many of us have never even heard of much less fantasized about.

    So if you own a bank and you’ve been fortunate to survive, hurry on down to D.C. or where ever it is bank owners go. May be you should rush to the Federal Reserve Bank, which is neither federal, reserved, when it comes to your money, nor a bank but a good old boys and girls exclusive club that makes decisions about what is a bank and what is not.

    Or like inner city entrepreneur role models Chewy and Cool Earl organize your friends to start a bank. They’ve organized a financial institution called Bank of The Urban Areas and they need an infusion of cash quick fast and in a hurry. Start yours today and get a piece of the cash from Washington!

     

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