Boy this pisses me off to no end.
Last week our government more or less gave $200,000,000,000 (that's billion) to the worlds largest banks - this was their reward for making loans where there was little to no chance they would be paid - so WE are paying for them.
Well that must not be enough - and the Feds are not the only ones ready to give your money to the richest companies in the nation - now the Congress is getting into the act - if you read the article the Democrats want you to believe it is "relief for the poor".....bullshit...follow the money.
Quote:
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The Fed-engineered bailout of investment banker Bear Stearns and other assistance to financial institutions has further raised expectations. To some, the $30 billion JP Morgan-Bear Stearns deal also raised a fairness issue: Should the government bail out a prestigious investment bank while doing little to address the hardships of Americans
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Congress to Consider More Government Bailouts