Oh..My...God!!
He cannot stop. Obama and the Democrats want to give more of our money to bank! This is absurd! I am outraged by this. This is the dumbest thing yet. Enough already!
http://apnews.myway.com/article/20090925/D9AUJHMG0.html
Fresh bailouts for smaller banks being weighed
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Sep 25, 5:40 PM (ET)
By DANIEL WAGNER
WASHINGTON (AP) - Treasury officials and regulators are weighing a fresh round of bailouts for banks that were deemed too risky to qualify for earlier aid.
Representatives from the Treasury Department, Federal Deposit Insurance Corp. and House Financial Services Committee discussed the plan by phone Thursday, said California Bankers Association Chairman Dan Doyle, who was on the call.
Small community banks are struggling as commercial real estate and other loans go sour. Officials and industry representatives are considering how to get money to those banks, Doyle said Friday.
The new program could force Treasury to postpone closing its $700 billion bailout fund, which is scheduled to expire this year. That decision has become a political hot potato amid public backlash against bailouts and a rising deficit.
Other banking industry leaders confirmed that the conversations are taking place. They did not know when Treasury might announce the plan....



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