Sunday, March 23, 2008

Shake That Piggy Bank, There's Something Rattling In There!

What a cuntry.

Not only has the Bush administration emptied the U.S. taxpayer's treasury for the benefit of their war profiteers (even the big Dick hiding behind the little Bush made off with a cool 31 million in Halibucks, I'm told), but now it's evident that the mortgage bankers will make off with whatever is left.


The Federal Reserve not only has taken action unprecedented since the Great Depression — by lending money directly to major investment banks — but also has put taxpayers on the hook for billions of dollars in questionable trades these same bankers made when the good times were rolling.


....and Republicons and Wall Street bankers have the audacity to whine about proposals for new regulations to prevent another near-collapse.

But both President Bush and Mr. Paulson, a former chief executive of Goldman Sachs, remain philosophically opposed to restrictions and requirements that might hamper economic activity. NYT link


..."economic activity" no doubt defined as money flowing out of our treasury into private bank accounts. Personally, I'm "philosophically opposed" to illegal wars and getting ripped off by bankers and their predilection for fine print. Somebody needs to watch over the hen house because congress sure as hell isn't doing it.