The Absolute Worst, Most Irresponsible Bailout Clause
By Chuck Butler
Oh and did you hear? The bailout package has a clause about foreign banks. Apparently, foreign banks with bank operations in the U.S. can now transfer their toxic waste bonds to the U.S. operation, and then their U.S. branch can spoon-feed these securities to the Fed?
What? Are you kidding me? They’re force feeding us this bailout package with the "fear factor" of a recession crisis. Well guess what? We are already in a recession crisis!
Have these dolts not seen the unemployment numbers each month? Did they miss the fact that the "real" GDP in the second quarter came out negative? This part of the bailout package makes me mad as a wet hen! Good thing no one is here, because I'm actually throwing stuff and yelling at the walls!
- Read original article.
- Delicious
- Digg
- Magnoliacom
- Yahoo
- 1956 reads