Friday, November 07, 2008

Why Financial Institutions Suck

If you've wondered whatever happened to the $700 billion Bu$hCo,, gave away to the banking industry, well, they've taken care of themselves don't you know. I was under the foolish & mistaken thought that the bailout of the wealthiest was supposed to trickle down, as they say. I'm wrong again. Socialism for the rich, bare-knuckles, heartless capitalism for the rest of us.
"Increased lending activity is the only legitimate purpose for taxpayer funding of these institutions," Frank declared. "It is very important if congressional and public support for this program is to continue that we receive assurances ... that the money being advanced will be used only for relending and for no other purpose."

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