Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘bail out’

Was the Wall Street Bailout Socialist?

Posted by Warm Southern Breeze on Sunday, October 9, 2011

Having viewed an interview on MSNBC by Martin Bashir with Vermont U.S. Senator Bernie Sanders, I was taken with a question Mr. Bashir asked Sen. Sanders toward the conclusion of the interview.

Martin Bashir: Mr. Sanders, how is it possible that people like Eric Cantor appear to encourage capitalism for everyone until a bank fails, and then socialism is acceptable because ‘we have to bail out the banks… we have to support them.’ But all of us – individual citizens in this society – well, if capitalism swipes us aside, we have to accept that?

Because it’s always good to be certain, I doubled checked a couple resources to be certain of what I was hearing.

Here’s what I found: Read the rest of this entry »

Posted in - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

BMW Tapped $3.6 Billion in Federal Reserve Funds During Financial Crisis

Posted by Warm Southern Breeze on Friday, December 3, 2010

BMW Head Quarters in Munich Germany.

BMW Headquarters, Munich, Germany - Image via Wikipedia

Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, secured funds from the U.S. Federal Reserve during the financial crisis to boost liquidity as other sources dried up.

BMW’s largest transaction under the Fed’s Commercial Paper Funding Facility was for $3.62 billion on Jan. 30, 2009, according to data released yesterday. BMW made “intermittent” use of the Fed program for refinancing at a time when other forms of credit were frozen, Mathias Schmidt, a spokesman for the Munich-based automaker, said today.

“We tapped into this program in 2008 and 2009 during the financial crisis …Continue…

Posted in - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Please describe what you were doing when the problem happened:

Posted by Warm Southern Breeze on Tuesday, March 30, 2010

I was seated at the kitchen table, listening to satellite radio  – “Give A Little Bit” by Supertramp was playing – having taken a large sip of Fighting Cock 103 proof Kentucky whiskey, followed with a swig of Yuengling Original Black & Tan beer, while reading the Sunday funny papers from the Huntsville (Alabama) Times. Outside the window, a couple was looking around the property next door. Here comes the woman now, from around the corner. Oh… the table at which I’m seated is adjacent a window. I was breathing, and my blood was circulating, and I was thinking that …Continue…

Posted in - Did they REALLY say that?, - Lost In Space: TOTALLY Discombobulated, - My Hometown is the sweetest place I know | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

 
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