Planning wisely for their future
A friendly reader writes:
Over breakfast this morning, my family figured out how to pay for the bailout using a time-honored Portland tradition.They collected $1.00 in the first 30 seconds. If we just station our children on the street corners every morning before and after school, we should be able to whittle down the national debt (that they are going to be saddled with) in no time at all.
| Posted at 9:57 PM | Permalink |
|
Comments (5)
The real kicker is that some Wall Street firms are now "not interested" in participating in the bailout because they don't want to submit to the regulation/restriction that the bailout entails.
Haven't seen in US media, but overseas: Now Wall Street may shun $700bn bailout.
Posted by Chris Coyle | October 5, 2008 10:32 PM
Chris, I see that as nothing but a good thing. Hopefully the knowledge that they cash is there will be enough to stop them from hording cash and start lending again.
Anyone think otherwise?
Posted by gs | October 5, 2008 10:45 PM
I think we're about to find out that when they are the least bit threatened, bankers are the biggest scaredy-cats of them all. I really question whether buying up their old bad loans is going to be enough to cause them to make new good ones. In which case the hundreds of billions of bailout money will benefit only the bankers and not the public.
But hey, we got off our butts and started helping the bicyclists, the timber counties, and the arrow guys, so maybe it's not all bad!
Posted by Jack Bog | October 5, 2008 10:49 PM
That photo is classic! The 'God Bless' sign is key.
Posted by none | October 6, 2008 8:26 AM
Thats pretty funny. But I wonder of those kids really understand what's happening, or are they being pimped out by their parents?
Posted by Jon | October 6, 2008 12:17 PM