where does it stop???

well...another day in 'bailout america' and it looks like the geith is at it again (http://www.reuters.com/article/newsOne/idUSTRE54749X20090508):

'After "stress tests" were performed on the 19 largest U.S. banks, the Treasury and the Federal Reserve concluded that 10 of them need to raise a combined $74.6 billion to build a capital buffer to ensure they could keep lending...'

say wha? when did the banks start lending? who're they lending to? each other? don't see too many underwater home owners getting bailed. why is the geith bailing GM/GMAC? GM is a complete loser corp? it's been making crap for years. now, GMAC (the lender of a loser) wants to buyout the other auto making loser:

"GMAC spokeswoman Toni Simonetti said the company was expecting the government to provide new capital soon to allow it to take on the Chrysler business, and said this was separate from any capital-raising it would need to do to raise the $11.5 billion in capital regulators have told it to raise.

Geithner made clear the government was willing to put a large amount of capital on the line."

oh great, geith...why don't you pay your taxes (on time), then we'll spend some of your money on these losers! he's just pouring our tax dollars into a corporate rat hole.

but, obama seems to be surrounded by rat holes: iraq, afghanistan, pakistan, american corporations, the military, the intel community, the banks, the states, swine flu...

god, where does it stop?

i'll tell you where it (the buck) stops. it stops before it gets to the common guy, the common working man, the guy who get's his taxes taken before he get's his check!

'"Financing is critical to this (restructuring) process, and that requires that GMAC have the ability to provide loans that Americans need to buy cars," Geithner said.'

what's this guy on? who can get a loan for a car? i know i can't! you have to have a perfect credit score.

'While steep job losses continued in April, analysts took heart that the number of jobs lost was the fewest since October, and Geithner also said the data offered some hope.

"They're encouraging in some sense because the rate of decline in the economy as a whole is slowing," he said.'

wow...calculus 101! hey geith, where's the inflection point?

i think we all know that the rate of the decline could still be declining when the percentage of u.s. unemployed goes over 10%. will we still be encouraged (in some sense) then?

we may not know where the inflection point is, but we know what the 'bottom line' is:

100% pure U.S. B.S.

ah, enough...more later!