From the Right Side of Campus

Tag: bailout

Shocker: Chrysler Won’t Repay Bailout Money

There goes that cash… straight down the money pit. But, hey, what’s $7 Billion among friends. Especially nowadays: Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year and as part of its bankruptcy filing. This revelation was buried within Chrysler’s bankruptcy filings last week and confirmed by the Obama administration Tuesday. The filings included a list of business assumptions from one of the company’s key financial advisors in the bankruptcy case. Now, a pessimist might say that the bailout money has gone down the black hole that these failing companies

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Chrysler Expected to Fail Despite Bailout

Well, there’s absolutely no way anybody could have ever seen this coming. There was no way to ever predict anything like this. No posible way to figure out that the massive bailout madness would backfire and leave the tax payers holding the tab. Who would’ve thought that the brilliant thinking behind all of this could have turned out to be idiotic? But none the less most analysts now expect Chrysler to fail despite the massive amount of cash the government has thrown their way. These hideous numbers, reported by the Associated Press, tell the story of the idiocy that is

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Porn Industry Wants 5 Billion Dollar Bailout

In a move that has the potential to be the most egregious story of this entire massive bailout madness the porn industry will ask for a 5 billion dollar bailout. CNN reports: Another major American industry is asking for assistance as the global financial crisis continues: Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis said Wednesday they will request that Congress allocate $5 billion for a bailout of the adult entertainment industry. So, this request has created the potential for the government to not only prop up a dying industry and one of the most dispicable and

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New Chrysler Ad Campaign: Thanks for the Free Money America!

That’s the new ad campaign from our friendly failures at Chrysler. A great big thanks for the quick cash! Well I have a little message for Bob Nardelli and Chrysler. Most of America never wanted to bail you out. We are not happy that you got bailed out. And we certainly do not want you to remind us of your bailout! Thanks for nothing

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Not So Shocking News: 53% of Rescued Borrowers Default Anyway

Proving that incompetent and irresponsible people will be incompetent and irresponsible no matter how many breaks you give them or how much taxpayer money you throw at them, U.S. Comptroller John Dugan revealed yesterday that 53% of borrowers with loans modified in the first three months of 2008 and 51% of those with loans modified in the second quarter could not keep up with payments within six months. Seems like pure common sense to me… a financial free pass from the government is no cure all. In fact, its little more than snake oil. But will this make a bit

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Forbes: Bailout Costs 5 Trillion… So Far

Yup… you read that right. 5 TRILLION dollars. So far… I recommend taking the time to go through and read every last detail in this article because there are little spending gems hidden throughout. Gems that you, most likely, wouldn’t hear about otherwise. But the best part of this has to be the results… or, more accurately, the complete lack there of. After all lending between banks, which the government tells us is the most important problem, is still frozen even after interest rates have been cut by more than half. And it would appear the much touted bailout bill

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Massive Bailout Madness!!!

In case you missed the first go round we now have the pleasure of a take two which shall be appropriately named: Massive Bailout Madness!!! Who are the stars of this sequel you ask? Well I’ll tell you… First off, like any quality sequel, there is always one returning star. For this production that returning star happens to be AIG. The insurance giant wants billions more on top of the billions they received in Bailout Madness take one. But, like any sequel worth destroying a country over, this sequel includes a few big name newcomers. There is American Express who

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It’s the end of the world! Oh wait…

No its not. Not even close. Yea the 778 point drop in the Dow is terrible, its even the biggest point drop ever according to CNN. But that sure as heck doesn’t mean we are headed for another great depression. Consider this, while the 778 point loss is the biggest point loss in history it is only about a 7% loss. Compare that to the stock market crash of 1987 where there was a 508 point drop which accounted for a massive 22.6% loss and there was no long drawn out depression which followed that incredible crash was there? But,

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