Italy too. England, the USA, and Germany also.
Iceland has gone under. Guess they didn't borrow soon enough.
Japan and South Korea are also borrowing money.
From whom are all these countries borrowing to stay afloat?
The Saudis? Russia? The Chinese? Kim Jong Il, illin' and chillin' like a villian above the DMZ?
Five surgeons from big cities are discussing who makes the best
patients to operate on:
The first surgeon, from New York , says, 'I like to see Accountants on my operating table; because when you open them up, everything inside is numbered.'
The second surgeon, from Chicago, responds, 'Yeah, but you should try Electricians! Everything inside them is color coded.'
The third surgeon, from Dallas, says, 'No, I really think Librarians are the best. Everything inside them is in alphabetical order.'
The fourth surgeon, from Los Angeles, chimes in, 'You know, I like construction workers. Those guys always understand when you have a few parts left over.'
But the fifth surgeon, from Washington , DC , shut them all up when he observed,
'You're all wrong. Politicians are the easiest to operate on.
There's no guts, no heart, no balls, no brains, and no spine; plus the head and the butt are interchangeable.
"Bush's policies, Bush is stoopid, Bush this, Bush that." Blah blah blah.
Yes, I agree Bush has been a terrible president. Anyone with half a luke warm cerebellum knows that. But how did he get there? Is Bush at fault or are all the people who voted for him at fault?
We are letting all those people who put him in office, who gave him the power to do what he has done, letting them off too easy. What about all those people who voted against Kerry because he was a flip-flopper? What about all those people who were so gung-ho for Bush and his accomplished missions?
Those people are the real causes of this deficit, this war, this financial crisis due to deregulation. Those folks got him into office. By blaming all this on Bush, we let ourselves off the hook. It absolves us of the real guilt. We all are at fault for the situation we are in - half of us for voting for him and the other half for not raising enough Hell, for all the shit he has pulled.
everything is a Rorschach test
The basic actions of Neil Bush in the S&L scandal are as follows:
Neil received a $100,000 "loan" from Ken Good, of Good International, with no obligation to pay any of the money back.
Good was a large shareholder in JNB Explorations, Neil Bush's oil-exploration company.
Neil failed to disclose this conflict-of-interest when loans were given to Good from Silverado, because the money was to be used in joint venture with his own JNB. This was in essence giving himself a loan from Silverado through a third party.
Neil then helped Silverado S&L approve Good International for a $900,000 line of credit.
Good defaulted on a total $32 million in loans from Silverado.
During this time Neil Bush did not disclose that $3 million of the $32 million that Good was defaulting on was actually for investment in JNB, his own company.
Good subsequently raised Bush's JNB salary from $75,000 to $125,000 and granted him a $22,500 bonus.
Neil Bush maintained that he did not see how this constituted a conflict of interest.
Neil approved $106 million in Silverado loans to another JNB investor, Bill Walters.
Neil also never formally disclosed his relationship with Walters and Walters also defaulted on his loans, all $106 million of them.
Neil Bush was charged with criminal wrongdoing in the case and ended up paying $50,000 to settle out of court. The chief of Silverado S&L was sentenced to 3.5 years in jail for pleading guilty to $8.7 million in theft. (Keep in mind that you can get more jail time for holding up a gas station for $50.)
Today Neil Bush is working on closing a deal in Florida, where his brother Jeb is governor, to sell a software package to schools with his startup company Ignite.