You Know What I'm Sick of? Big Companies Looking for Government Help!
I understand how the economy works. The whole loans and mortgage situation in the US as well as the rise in oil prices that are driving the cost of goods higher and higher. Job outsourcing etc..I got it.
What really bugs me is that the same thing is happening in Canada. Banks are looking for handouts to payoff the bad debts and loans they gave out. $25 billion to be exact.
The bank of Canada cut the key interest rate by half a percent in hopes that the banks would pass that on to the consumers looking to get new loans/ mortgages as well as to help stimulate the economy.
What do the banks do they keep it for themselves and won't cut the rates unless the Government approves the bailout. F U Banks, (I'm stealing as many of those deposit envelopes as I can from my local bank today.)
Now the Auto parts suppliers say they are going to need some kind of a bail out to keep them a float. A million or a billion or some ridicules number like that. The sharks smell the blood in the water and are starting to swarm.
So on that note I am formally submitting my application to the Government of Canada for a personal bailout package. I have made some bad financial decisions such as investing in Banking Stocks, ordering too much fast food and buying the Tony little Gazelle.
Please approve this or I will be forced to cut out the payment of income taxes from my monthly budget.
Tuesday, October 28, 2008
Big Companies Looking for Government Help
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