Sunday, May 03, 2009
Thousand words: It is expensive to return taxpayers' money
This cartoon hits so close to the mark you almost wonder if some bank is, in fact, paying lobbyists to gain it the privilege of returning its takeover "bailout" proceeds.
5 Comments:
By 
CMT, at
Mon May 04, 12:31:00 AM:
Well stated. The stress test seems like a euphemism for indentured servitude.
By D.E. Cloutier, at
Mon May 04, 01:24:00 AM:
Defense, tobacco, mining, oil refineries, general aviation (corporate jets) -- the political left in the United States has damaged one industry after another. Pretty soon there won't be many big American companies to send money to Washington.
By John, at
Mon May 04, 02:36:00 AM:
By Cardinalpark, at
Mon May 04, 12:39:00 PM:
I think the intellectual origins of that cartoon maybe Goldman's recent hiring Michael Paese to run its goverment affairs "operation", announced on 4/28. I beleive he worked for Senator Barney Frank previously. Remarkably, that same day, SEantor Frank said he thought banks could repay their TARP $ within a year.
That would suggest you have a very tuned in cartoonist.
By 
, at
Mon May 04, 01:16:00 PM:
While I whole-heartedly agree with you guys about many of the banks wanting to return the money, I don't think that you have interpreted the cartoonist's intent. I think that (in the cartoon, anyway), the banker is being ironic when he says that he wants to return the money. He wants to return it via lobbying (i.e. bribes), in order to get more (TARP) money. That is what is meant by the "great dividends" in the last frame.
Toles is pretty reliable on providing a liberal spin on things.
