Deputy Press Secretary Ton Fratto tells us that the banks we are bailing out are actually good firms with a lot of profitable assets:
You have to remember, these are not all weak or troubled firms that own mortgage-backed securities. A lot of them are very successful banks and investment houses that have done very well, have been responsible, are holding performing assets that have value. They were not necessarily irresponsible players, and so you have to be careful about how you deal with them.
Um, then why are we bailing them out? I thought there was a crisis. Now the government has to step in and help out hugely profitable firms just because one aspect of those banks is as profitable as the rest? Whenever rich people make a mistake, taxpayers have to plug the gap, even if those rich people are still making huge amounts of money?
This is all a lie. They are lying about how much trouble these firms are in. They are lying about their desire for oversight. It is just a big frakkin' lie. I doubt there is a crisis at all. They have done such a good job lying, however, that a majority of the country thinks a bailout is needed.
They are just lying, and looking to make the biggest single rip off in history. If there was a pitchfork and torch event taking place anywhere right now, I'd join in. This seems a helluva a lot like Louis the XVI demanding more money from the Estates General. When does the march on Versailles begin? It might seriously be time for a few hundred thousand people to start sleeping in two shanty towns, one surrounding the Capitol and the other surrounding the White House. If they can get away with this, then they can get away with anything.