Showing posts with label bank bailouts. Show all posts
Showing posts with label bank bailouts. Show all posts

December 20, 2007

The US, EU and UK Central Banks: Making pretty colored pieces of paper more and more worthless by the day


US Fed (Ben Bernanke): I'll take my dollars and cut 100 basis points. Take that.

European Central Bank (Jean-Claude Trichet): I'll see your incompetence and panic, Ben Bernanke, and I'll raise you
350,000,000,000 Euros. As a matter of fact I'll get in my helicopter and personally spread them all through Europe. Take that Ben Bernanke and your stupid filthy American dollar!

Bank of England (Mervyn King): OK, you two wankers can bugger off. I'll take your 100 basis points and your $500,000,000,000 dropping from helicopters and I'll raise you a
£55 billion failed bank bailout - and there's plenty more where that came from! I'll bail out every bank in England you fools!

US Fed (Ben Bernanke): Oh, you silly Europeans. You forget, we've got the unchecked FHLB money printers playing at their own side table! And they've just pissed out
$163,000,000,000 over the last few days bailing out the likes of Countrywide and WaMu! And there's TRILLIONS more where that came from! Just wait 'til they get to Fannie and Freddie!

US, EU and UK taxpayers: Why do we trust these pretty colored pieces of paper and incompetent central bankers again? Hmmm... f*ck it, maybe we should just
buy gold!