Stupid Quote of the Day

From Richard Shelby (R-Toolbag):

“If you made this presentation to get a bank loan I suspect that any sensible banker would summarily reject your request.”
Senator, if we'd had sensible bankers covered by sensible regulation for the last ten years or so, we wouldn't be looking at this sort of bailout for the Big 3. And if the Big 3 were going to the bankers we currently have only one year ago, they'd not only have gotten this loan, they'd have gotten one twice as big with no collateral and with an interest two points below prime.

Newer Post Older Post Home