“Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.” NY Times.
Please read that again.
The biggest bailout in the history of the world is underway and financial firms are already lobbying to expand the scope. The greedy are not satisfied. They want more. They want to make money on taxpayer misery. Misery that Wall Street brought about.
Treasury Secretary Paulson is asking for Congress to spend nearly a trillion dollars – without holding hearings – and everybody in Big Money wants on the gravy train.
You know something is wrong when liberal thinkers like Paul Krugman agree with conservative writers like William Kristol that this “cash for trash” plan is fraught with danger.
America is on the verge of nationalizing the financial world. Who is next? Airlines, automobile manufacturers, credit card companies?
Insane. This is insane. It was greed that got us here. If Congress is our best hope, then we are doomed.
"Give you an idea how bad the American economy is -- Mexico is
now calling for a fence along the border." – Jay Leno.