September 22, 2008 - 10:38am
Opinion

Thanks for the bailout, comrade!

ROB TORNOE can be reached via email at rob.tornoe@politicker.com.

Comments

Thank you very much for this


Thank you very much for this information.

sohbet muhabbet mirc sevgi

11/03/08 2:19 pm

A Penny For Your Thoughts:


Is the bailout is the swan song of Wall Street fat cats, who presided over the predatory capitalism of the past decade? When Bill Clinton eased banking restrictions in California, he dished out $8-billion dollars for "community reinvestment loans.” The money just evaporated. Undoing regulations sets a precedent, as does "comping" real estate. With the influx of cheap capital $500,000 buys a modest home. When the “creative financing” schemes fell through, as is their wont whenever 30-million Mexican nationals buy inflated properties and default, it left banks around the world in the lurch (see global economy). Never mind that the aforementioned demographic is the new face of the Democratic Party; their mortgages morphed into “toxic” financial instruments, which Congress itself cannot quantify. It’s a $90-billion bailout at best. Hillary Clinton knew who’d get the loan giveaways. Interestingly, had Hillary prevailed; she, instead of Barack Obama would be negotiating the bailout. So, why should hardworking Americans perpetuate the housing bubble? Why write the bubble boys a blank check? Why pony up a trillion-dollars, as a cost of doing business? Because it’s a scam! And, this is the exit strategy. Where is that $8-bilion dollars? The bubble is the problem, let it burst: http://theseedsof9-11.com

09/25/08 4:58 pm

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