Banks not disclosing where bailout money is going...

[spookyturtle 9,466]

I'm not surprised, are you?

http://www.msnbc.msn.com/id/28344965/

[Otto 83]

[spookyturtle 9,466]

I thought AJ would be outraged, but I forgot he was in favor of the financial bailout and against the Detroit bailout.

[aidan80 9]

Some actual regulation would be nice.. Banks are evil!!

[spookyturtle 9,466]

Where is AJ?

[Amby 490]

AJ is reading up on different body fluids.

[spookyturtle 9,466]

AJ is reading up on different body fluids.

I thought he'd be defending the banks.

[w¡n9Nµ7 §£@¥€r 123]

This isn't rocket science.

"We manage our capital in its aggregate," said Regions Financial Corp. spokesman Tim Deighton, who said the Birmingham, Ala.-based company is not tracking how it is spending the $3.5 billion it received as part of the financial bailout.

[spookyturtle 9,466]

This isn't rocket science.

"We manage our capital in its aggregate," said Regions Financial Corp. spokesman Tim Deighton, who said the Birmingham, Ala.-based company is not tracking how it is spending the $3.5 billion it received as part of the financial bailout.

So you support the Detroit bailout?

[w¡n9Nµ7 §£@¥€r 123]

spooky, we've talked about this plenty of times already. i value the financial industry higher than the auto industry. if that rubs you the wrong way, tough #######. but this isn't anything you don't already know.

so at this point you're just baiting.

here's something i said in the past. i still stand by it.

I wouldn't mind seeing Detroit die but I think the descent has to be managed. The shock needs to be spread out over time.

[spookyturtle 9,466]

spooky, we've talked about this plenty of times already. i value the financial industry higher than the auto industry. if that rubs you the wrong way, tough #######. but this isn't anything you don't already know.

so at this point you're just baiting.

here's something i said in the past. i still stand by it.

I wouldn't mind seeing Detroit die but I think the descent has to be managed. The shock needs to be spread out over time.

No need to get your panties in a wad. I am just curious as to why one wouldn't care where hundreds of billions went, but take a hard line on a much smaller amount. And Detroit will also be under much greater scrutiny than the financial bailout. You seem to have a strong preference for Wall Street, that's all and it comes across as a bit hypocritical. It's not a personal thing, I'm curious. If that rubs you the wrong way, tough #######.

[w¡n9Nµ7 §£@¥€r 123]

I respect the guys who work the Street. I have no similar level of respect for (big 3) auto workers.

Edited December 23, 2008 by A.J.

[spookyturtle 9,466]

I respect the guys who work the Street. I have no respect for auto workers.

Why? How different are they than the CEO's who made tens of millions while running their banks into the ground?

[w¡n9Nµ7 §£@¥€r 123]

Take one look at the local economies Wall Street has fostered and the local economies Detroit has.

Compare the prosperity and the huge middle class created by Wall Street in the NYC tristate area to the economic doldrums in which the parasitic UAW has had the upper midwest for decades.

[William33 110]

Detroit CEO's should be compensated with termination; and zero "parachute" compensation for running their companies into the ground.

Edited December 23, 2008 by William33