Quote of the Day: On the One Hand Edition
Published: September 9th, 2009
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Under certain of these scenarios, GM will be able to return a high percentage of the total funds advanced by the taxpayers, and Chrysler will return the money invested as part of the restructuring. Other scenarios, which in Treasury’s view are more likely, show much lower recoveries for the initial loans made to GM and Chrysler.
—Treasury Secretary Tim Geithner on the future of the bailout. The search for a one-handed economist continues . . . .
More by Edward Niedermeyer
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Under a certain scenario, I might win the lottery. Sorry....that doesn't cut it as financial planning.
On the other hand.... When does a banker say publicly so that everyone, including the borrower, can hear, that he doesn't expect to get his money back. Unless, of course, if it's NOT A LOAN.
I'm sorry, I tried to give this guy the benefit of the doubt. I knew he was a tax-cheat but I thought that everyone deserves another chance. After watching him deliver various speeches about the state of the economy and the country's finances I realize that this guy is a sociopathic liar. This sure is "change" but I seriously doubt that there is any real "hope" involved.
@mpresley and ZoomZoom, To me, he looks like THIS doctor: http://www.adliterate.com/archives/2007/01/the_curious_cas.html And, if your doctor looks like that, run!