Posts Tagged ‘bailout’

Dylan Ratigan: Buy Up Assets

Posted by admin on Friday, May 8, 2020

Dylan Ratigan Money Quote saying funds from the Cares Act was given inappropriately to banks and investors to acquire assets of those losing them. Dylan Ratigan said:
 
This is not a bailout for the American people, this is giving cash to a small group of investors and banks so that they can buy up bankrupt assets from everybody else Quote
 

“This is not a bailout for the American people, this is giving cash to a small group of investors and banks so that they can buy up bankrupt assets from everybody else” — Dylan Ratigan

 

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In this quote, Dylan Ratigan is criticizing the 2008 bank bailouts as not truly being intended to help average Americans, but rather to benefit major financial institutions and wealthy investors. He argues that the bailouts were not about supporting the broader economy or people facing hardship, but rather served to provide large sums of cash to a small number of banks and investors so they could purchase distressed assets from others at reduced prices.

Ratigan portrays the bailouts as a way for large financial entities to profit further by using taxpayer money to take over troubled companies and properties on the cheap, rather than as an economic stimulus. The quote suggests the bailouts prioritized rescuing investors and banks from the consequences of their actions over assisting ordinary citizens struggling in the recession.

Overall, Ratigan conveys a skeptical view that the bailouts were more of a backdoor transfer of wealth to Wall Street rather than an effective means of stimulating the real economy and aiding Americans facing unemployment, foreclosure or other hardships.

Alexandria Ocasio-Cortez: Bailout $

Posted by admin on Monday, March 30, 2020

Alexandria Ocasio-Cortez Money Quote saying the cruise ship business doesn’t pay any US taxes, but are asking for a financial rescue. Alexandria Ocasio-Cortez said:
 
The cruise industry registers as foreign companies to avoid paying US taxes. Now they want US bailout money. Now the same Republicans who say immigrants who pay US taxes shouldn’t get help are bending over backwards to give 🤑 to foreign companies who DON’T pay taxes. Insane Quote
 

“The cruise industry registers as foreign companies to avoid paying US taxes. Now they want US bailout money. Now the same Republicans who say immigrants who pay US taxes shouldn’t get help are bending over backwards to give 🤑 to foreign companies who DON’T pay taxes. Insane.” — Alexandria Ocasio-Cortez

 

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Elizabeth Warren: Foreclosing on Families

Posted by admin on Wednesday, November 30, 2016

Elizabeth Warren Money Quote saying that Steven Mnuchin is a bank fox guarding the banker henhouse he raided and got richer with. Elizabeth Warren said:
 
[Mnuchin] spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money, before he moved on to run a bank that was famous for aggressively foreclosing on families Quote
 

“[Mnuchin] spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money, before he moved on to run a bank that was famous for aggressively foreclosing on families” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is strongly criticizing Steven Mnuchin’s nomination as Treasury Secretary. Some key points:

  • She says Mnuchin’s selection should “send shivers down the spine” of Americans hurt by the financial crisis, as he worked for a bank involved in foreclosures.
  • Warren argues this shows Trump has no plans to “drain the swamp” and reform Washington as he claimed, but rather wants to “run Washington to benefit himself and his rich buddies.”
  • By appointing Mnuchin, who profited from the crisis, she feels Trump is not representing average Americans but wealthy elites.
  • Overall, the quote paints Mnuchin as the wrong choice and a sign that Trump plans to look out for the rich, not fix corruption as he promised, in Warren’s view.

Prince Lyrics: Fat Cats Got a Bailout

Posted by admin on Thursday, April 21, 2016

Prince Money Music lyrics for ‘Ol’ Skool Companywall street got bailed out and nobody else was helped after the billions spent to save those who caused the problem. Prince said:
 
Fat cats on Wall Street, They got a bailout, While somebody else got 2 wait, 700 billion but my old neighborhood, Ain't nothing changed but the date Quote
 

“Fat cats on Wall Street, They got a bailout, While somebody else got 2 wait, 700 billion but my old neighborhood, Ain’t nothing changed but the date” — Prince

 

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George Bush on Bank Bailout 2008

Posted by admin on Tuesday, September 17, 2013

George Bush Money Quotation saying at a White House meeting in September of 2008 that credit accessibility and bank bailout was needed or the economy could crash. George Bush said:
 
If money isn't loosened up, this sucker could go down Quote
 

“If money isn’t loosened up, this sucker could go down” — George Bush

 

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Said about a month before “Bloody Friday” on October 24, at the beginning of the great recession of 2008. when the stock market lost 10% on the same day that the Great Depression began with “Black Friday” in 1929.

This quote suggests that George Bush believed that if more money was not made available or “loosened up”, the economy was at risk of a downturn or recession (“going down”). He appears to be referring to government spending or monetary policies aimed at stimulating the economy during a period of uncertainty. The “sucker” likely refers to the economy.

The quote implies that Bush thought injecting more funds into the economy through government actions could help prevent a worsening of economic conditions. However, without more context it’s hard to say exactly what policies or scenario Bush had in mind when he made this statement.

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