Government Facilitates Banks At Expense of Taxpayers

Discussion in 'Current Events' started by Annie, Apr 6, 2009.

  1. Annie
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    Annie Diamond Member

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    What a deal! Who needs bonuses with this?

    FT.com / Companies / Banks - Bailed-out banks eye toxic asset buys


    A related explanation/analysis:

    Commentary » Blog Archive » Inside the Toxic-Asset Story

     
  2. editec
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    editec Mr. Forgot-it-All

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    Yup.

    The structure of this so called bailout is absurd.

    It is an affront both to the Libertarians who see it as an offense to capitalism (and they're spot on correct about that!) and it is an offense to people interested in social justice because it is rewarding the wealthiest people in this nation for screwing it, and sending the bill for this screwing to the American people.

    It's not capitalism, it's perverted form of SOCIALISM designed to give welfare to the RICH.

    Both Bush II and Obama are essantially doing the same thing.

    It's proof positive, that there is essantially no philosophical difference between the Republican and the Democratic leaderships, folks.
     
  3. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Didn't you vote for Obama?
     
  4. editec
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    editec Mr. Forgot-it-All

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    Didn't YOU vote for Bush II?
     

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