The US $700 billion bailout of banks is getting out of hand. GMAC and American Express announced that they are converting themselves into banks in order to better qualify for bailout money. Shortly after that, Treasury Secretary Paulson announced that both Joseph A. Bank and Christopher & Banks have been approved for $3 billion each for their role in the financial sector.
I’m thinking about converting myself into a bank so that I can qualify for a portion of the bailout.
Yes, I’m joking about the clothing stores. But I do think that too much free money is being given away. Where is all this money coming from? How will it affect the economy? It seems that the bailout is a major ingredient for inflation.
“For to everyone who has, more shall be given, and he will have an abundance; but from the one who does not have, even what he does have shall be taken away.”
- Matthew 25:29
This little article thingy was written by Some Guy sometime around 10:41 pm and has been carefully placed in the Finance category.
Get your government job while you still can.