If you could get paid a thousand dollars in cash just for “assuming” someone’s three-hundred and thirty-three dollar debt, would you do it?

I hand you a check for $1,000 and all you have to do is say: “Okay I’ll take on your $333 debt because I have the money in my bank.

Well, that’s the deal that BB&T was able to get from the F.D.I.C. in return for taking over Colonial Bank; they got paid $3.5 billion in cash, in return for assuming maximum losses on dubious assets of $1.5 billion.
Talk about who the government is bailing out and helping; Good Gawd; this is Timmy Geithner’s “plan” for saving Capitalism.

The biggest creditor of Colonial was the Federal Home Loan Bank of Atlanta, which owed 3.3 billion and I found out that that debt will be paid, so the Home Loan Banks, again, are bailed out from any bad loans that they made.

These our tax dollars that Geithner is using; ah, did he ask you or me if we thought it was a good idea to spend our money that way? Umhmmm … well just sayin’ …