October 1, 2008
Maybe this is a bad idea. Let's see what comes out of the woodwork...
voodoobot posted: http://www.flickr.com/photos/matthewkendig/2892037701/
I feel it's true to the bone. The banks lent money to people who were never going to be able to get it back and that was a bad business decision. I suspect they did it KNOWING full well that the government would bail them out.#
Question: BOA robots (Inc.) employs 1 person. Things aren't going too well. BOA has given a lot of robot parts away on credit and people haven't yet paid for them, becuase they're all very poor robot builders. BOA should never have given them the parts in good faith. Does the government give BOA a free loan to help him through a rough patch?
Ha ha ha.
The notion that the government can lend my money to a bank so that the bank can lend it back to me at a profit is just ludicrous.