Frugal Reading

Archive for 01/08/2009

Where is my bailout?

Watching the news is getting more and more depressing with each passing days.  It seems like every company is asking the government for bailout.  Even for those that does not qualify, they are attempting to reposition themselves for a share of the TARP fund.  The original 700 billion TARP fund was designed to save the banking system and to provide liquidity to our financial system.  Next thing you know, American Express, Morgan Stanely, and Goldman Sach all applied and now are considered to be banks.

Take a wild guess which companies now wants to be a bank?  That is right, GM and Chresyler. When are car companies banks?  Next thing you know the adult industry wants their share too.  Maybe they will be applying to be a bank soon.

For those that are still reading and wonder how about the average Joe like you and I, the only thing you and I have is the bailout drawing offered by Overstock.  Maybe if I apply to be a bank I have a better chance of winning…

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