The Bush/Obama bailouts require serious investigation. Were these bailouts necessary, or were they a scam, like “weapons of mass destruction,” used to advance a private agenda behind a wall of fear? Recently I heard Harvard Law professor Elizabeth Warren, a member of a congressional bailout oversight panel, say on NPR that the US has far too many banks. Out of the financial crisis, she said, should come consolidation with the financial sector consisting of a few mega-banks. Was the whole point of the bailout to supply taxpayer money for a program of financial concentration? FULL ARTICLE
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4 comments ↓
Yes, definitely a scam. They take money from us, and tell us if we don’t comply, they’ll take our freedom. What do they do with that money? They give it to the richest of the rich.
Thugs, thieves, criminals. the lot of ‘em!
Spooner. It is a Scam for sure. I wonder how many times you can kick a dog before he will bite you? Our thieves in charge may find out this time around.
This thing is not going to go away very easily. Sooner or later there is going to have to be a reckoning. It ain’t gonna be pretty.
Maybe that’s why Cheney had KRB build those prisons that staunch Bush supporters say didn’t exist. They’re still there sitting empty waiting for a need.
but in a year, don’t be surprised when people start telling us the bailouts failed not because of the bailouts themselves, but because it wasn’t enough money. mark my word.
ferenc. I surely wish you could be wrong , but I am not going to bet a nickel against your prediction.
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