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Somebody Explain This To Me

Tuesday, September 23, 2008
I'm not an expert on finance, but let me see if I understand this.

The Bush Administration wants every taxpayer in America to hand over thousands of dollars so that we can bail out Wall Street firms that recklessly gambled on inflated home prices, and to do so without greater regulation of said firms, without oversight, and without any assurance that long-term problems either with the housing market or the financial sector will be addressed. Said plan appears to be focused on saving the stock value of primarily upper-income households and corporate executives while doing nothing to protect homeowners looking at foreclosure. This is the same administration that championed deregulation and the house bubble and has demonstrated gross incompetence and waste, not to mention a predilection for ignoring the law.

Do I have that about right?

Are you freakin' kidding me?
Posted by Arbitrista @ 3:20 PM
  • Sounds like you're ready for DC. Ah, logic.

    And don't the jerks that did this get to charge consultant prices for telling us how they screwed us? And perhaps how to avoid it? Of course we must compensate them for their idiocy. They are our heroes.


    By Blogger Belle, at 8:16 PM  
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