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Wall Street Bailout-A Historic Swindle!

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opednews.com Headlined to H2 9/22/08

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BY declaring a national emergency, the country's economy is at risk of collapsing, this time the Wall Street bankers and investment houses need a financial bailout, Bush has positioned himself once again to get whatever he asks for ($700 billion) and more than he asks for ($1 trillion, 400 billion). He knows how to do it since 9/11.

WHAT will Reid, Durbin, Pelosi, and Hoyer do? Well, of course, give Bush EVERYTHING HE ASKS FOR AND MORE THAN HE ASKS FOR! JUST NAME IT! ITS A DONE DEAL! Be patriotic. Support the president!

THOSE FINANCIAL-MARKET WISE GUYS, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. That is the meaning of the massive bailout Treasury Secretary Henry Paulson has shopped around Congress. It would relieve the major banks and investment firms of their mountainous rotten assets and make THE PUBLIC swallow their losses - many hundreds of billions, maybe much more. What's not to like if you are a financial titan threatened with extinction, "Wall Street Bailout-A Historic Swindle", by William Greider, The Nation, Link CLICK HERE http://www.truthout.org/article/paulson-bailout-plan-a-historic-swindle        

 

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Lance Ciepiela is a retired senior who had an interesting career in government service - a United States Marine Corps (USMC) Vietnam-Era veteran, who became interested in restoring the Constitution after I realized that W Bush had attacked Iraq (more...)
 

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PELOSI tightened the screws when she trashed the C... by Lance Ciepiela on Monday, Sep 22, 2008 at 6:26:00 PM
FOOL ME A HUNDRED TIMES, SHAME ON ME.Brother Wolfi... by Wolfie on Monday, Sep 22, 2008 at 11:22:51 PM