Tigers X - Number one Source to Talk Auburn Tigers Sports

Let's bailout the New York Mets too.

JohnDeere

  • Pledge
  • ***
  • 544
Let's bailout the New York Mets too.
« on: November 25, 2008, 01:07:43 PM »
http://www.foxnews.com/politics/2008/11/25/symptoms-bailout-fatigue-begin-capitol-hill/

Quote
And for many in the public and on Capitol Hill, the most bothersome aspect has been the cavalier nature of spending after the companies have requested federal aid -- laid bare by AIG's $400,000 spa visits for its executives or the Detroit auto companies' CEOs' decisions to fly individually in their private jets to hearings in Washington last week.

Citigroup earned its own dubious distinction on Monday when it was revealed that the bank insists on maintaining a $400 million contract that grants the firm naming rights to the New York Mets' new baseball stadium. Maryland Democratic Rep. Elijah Cummings called Citigroup's decision "indefensible and "unacceptable."

"Surely if the company has the funds to paste its name to a recreational facility, it has the money to maintain its operations and keep the 52,000 jobs it announced last week it would be eliminating," Cummings said in a written statement.

He argued that his constituents "did not turn over their hard-earned wages to fund a baseball stadium in New York." And he warned the government that it should stop pouring money "into buckets with holes."

But not everyone is tired of the requests for federal aid.

"I think the plan for Citigroup is a good plan," said Sen. Chuck Schumer, D-N.Y. who is chairman of Congress' Joint Economic Committee. "It's unpleasant to do. But the alternative is a whole lot worse."


All I can say is, "WTF?"
friendly
0
funny
0
like
0
dislike
0
No reactions
No reactions
No reactions
No reactions

Tarheel

  • Pledge
  • ***
  • 4166
  • "I'm not really wise, but I can be cranky."
Re: Let's bailout the New York Mets too.
« Reply #1 on: November 25, 2008, 01:42:11 PM »
It's interesting that you should post on this topic; I heard about this Citigroup deal on Monday listening to "The Mike Gallagher Show" on teh am radios here in Atlanta.  The Chairman of Citigroup was asked about this and his response was something to the effect of "...well...that was a separate deal in a separate time in which both parties are contractually obligated".

What a load of horse-shit!  They ought to rename it "U. S. Taxpayer Field".
friendly
0
funny
0
like
0
dislike
0
No reactions
No reactions
No reactions
No reactions
The question isn't who is going to let me; it's who is going to stop me. 
-Ayn Rand

The problem with socialism is that eventually you run out of other people's money.
-The Right Honourable Margaret Thatcher

The government solution to a problem is usually as bad as the problem.
-Milton Friedman

The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'
-Ronald Reagan

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.
-Thomas Jefferson

RWS

  • ****
  • 6053
  • The guy your mother warned you about
Re: Let's bailout the New York Mets too.
« Reply #2 on: November 25, 2008, 01:44:21 PM »
hey, stfu, my mortgage is thru Citigroup. i'm hoping if i don't pay it for a few months maybe some of the money they will get from the government will bail me out.  :sad:
friendly
0
funny
0
like
0
dislike
0
No reactions
No reactions
No reactions
No reactions

"You're too stupid to realize that I'm one of the levelheaded Auburn fans around here" - The Prowler

Tarheel

  • Pledge
  • ***
  • 4166
  • "I'm not really wise, but I can be cranky."
Re: Let's bailout the New York Mets too.
« Reply #3 on: November 25, 2008, 01:58:26 PM »
hey, stfu, my mortgage is thru Citigroup. i'm hoping if i don't pay it for a few months maybe some of the money they will get from the government will bail me out.  :sad:

Hey...you stfu!  Citi fucked up my mortgage several years ago which is why I'm with Countrywide now...oh snap!

Good luck getting some of that bailout money.
friendly
0
funny
0
like
0
dislike
0
No reactions
No reactions
No reactions
No reactions
The question isn't who is going to let me; it's who is going to stop me. 
-Ayn Rand

The problem with socialism is that eventually you run out of other people's money.
-The Right Honourable Margaret Thatcher

The government solution to a problem is usually as bad as the problem.
-Milton Friedman

The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'
-Ronald Reagan

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.
-Thomas Jefferson

GarMan

  • ***
  • 2727
  • Alpha Male, Cigar Connoisseur and Smart Ass
Re: Let's bailout the New York Mets too.
« Reply #4 on: November 25, 2008, 02:17:22 PM »
hey, stfu, my mortgage is thru Citigroup. i'm hoping if i don't pay it for a few months maybe some of the money they will get from the government will bail me out.  :sad:

That's a good plan.  If I were you, I'd stop paying right now.  That'll show 'em!  :sneer: 
friendly
0
funny
0
like
0
dislike
0
No reactions
No reactions
No reactions
No reactions
My rule of life prescribed as an absolutely sacred rite smoking cigars and also the drinking of alcohol before, after and if need be during all meals and in the intervals between them.  - Winston Churchill

Eating and sleeping are the only activities that should be allowed to interrupt a man's enjoyment of his cigar.  - Mark Twain

Nothing says "Obey Me" like a bloody head on a fence post!  - Stewie Griffin

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."  - Ayn Rand

Jumbo

  • Assistant Pledge Master
  • ***
  • 10862
  • I live on the corner of Epic & Bananas.
Re: Let's bailout the New York Mets too.
« Reply #5 on: November 25, 2008, 02:27:15 PM »
That's a good plan.  If I were you, I'd stop paying right now.  That'll show 'em!  :sneer: 
No one needs credit. :popcorn:
friendly
0
funny
0
like
0
dislike
0
No reactions
No reactions
No reactions
No reactions
You'll never shine if you don't glow.

Tarheel

  • Pledge
  • ***
  • 4166
  • "I'm not really wise, but I can be cranky."
Re: Let's bailout the New York Mets too.
« Reply #6 on: November 25, 2008, 02:42:12 PM »
No one needs credit. :popcorn:

Thanks "Dave 'cash-is-king' Ramsey".
friendly
0
funny
0
like
0
dislike
0
No reactions
No reactions
No reactions
No reactions
The question isn't who is going to let me; it's who is going to stop me. 
-Ayn Rand

The problem with socialism is that eventually you run out of other people's money.
-The Right Honourable Margaret Thatcher

The government solution to a problem is usually as bad as the problem.
-Milton Friedman

The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'
-Ronald Reagan

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.
-Thomas Jefferson

RWS

  • ****
  • 6053
  • The guy your mother warned you about
Re: Let's bailout the New York Mets too.
« Reply #7 on: November 25, 2008, 03:19:53 PM »
No one needs credit. :popcorn:
credit-shmedit!

i think that pisses me off most is there will be no accountability once the government absorbs all of these bad assets with this new consumer credit bullshit coming out. i was just listening to the analyst on Fox and it makes sense. do you think that when the government buys up these bad auto loans and shit, and then the debtors default, that they are going to be driving through neighborhoods repossessing cars? i don't think so.
friendly
0
funny
0
like
0
dislike
0
No reactions
No reactions
No reactions
No reactions

"You're too stupid to realize that I'm one of the levelheaded Auburn fans around here" - The Prowler