Razzle Dazzle
Posted: Wed Oct 01, 2008 4:59 pm
That's what the new Bailout proposal is. It's gone from 10 pages to over 800 and have added many so called sweeteners like requiring insurance companies to pay for mental health conditions the same as other illnesses. Sound good?
Watch your insurance premiums go up if that piece of crap passes. Oh---Raise the FDIC to $250,000 from the present $100,000. Sound good? Well hell, the government would have had to borrow the $100,000 to pay depositors and now their taking on even more liability risk. When are people going to understand that there is no free lunch? I hope this new version falls flat on it's ass. Only politicians are capable of gumming things up this bad. If they keep going they will have a Bailout proposal that equals the IRS Tax Code in it's complexity and stupidity.
Watch your insurance premiums go up if that piece of crap passes. Oh---Raise the FDIC to $250,000 from the present $100,000. Sound good? Well hell, the government would have had to borrow the $100,000 to pay depositors and now their taking on even more liability risk. When are people going to understand that there is no free lunch? I hope this new version falls flat on it's ass. Only politicians are capable of gumming things up this bad. If they keep going they will have a Bailout proposal that equals the IRS Tax Code in it's complexity and stupidity.