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Edited on Tue Oct-14-08 10:35 AM by lib2DaBone
I was just contemplating our fearless leader's giveaway of cash to 9 U.S. Banks today. $250 Billion that will eventually be sucked out of our wallets (one way or another) in the form of higher taxes. I reflected on the fact that $25 Billion of this largess will be going to J.P. Morgan Chase. Here's an outfit that has done nothing legal in the last 30 years and is staffed by CEO's who should all be wearing prison orange jumpsuits.
But I digress. So the theory in this free cash give away to the banks,(and it's the theory that we are expected to believe,) is that if we throw cash at them , somehow , this will encourage banks to start lending again and this will magically cancel 30 years of abuse and get the economy back on track. (BTW.. there is no mention of the tiny fact that there are no jobs left in America because Bush sent them all to China)
I may not be the sharpest tool in the shed, but it seems to me the Banksters have a real sweet con game going here? All they have to do is stop lending long enough to turn on the "free money faucet" and then generously offer to resume lending when enough ransom has been paid.
In the meantime, the CEO's and politicians party like rock stars at fancy hotels while we eat beans for dinner. Seems to me, that you and I are in the wrong business. Crime DOES pay.. and pay well.
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