-
Website
http://www.americablog.com/ -
Original page
http://www.americablog.com/2008/09/blackberry-was-invented-by-canadian.html -
Subscribe
All Comments -
Community
-
-
Top Commenters
-
Popular Threads
All Comments
The fed is considering a $billion dollar bridge loan to bail out AIG.
IMO a lengthy nationwide strike/legal tax revolt should ensue if Fed in any way uses and puts at risk taxpayer money/earnings at risk to assist AIG. Taxpayers do not work for taxes to bail out private entities like AIG.
If US taxpayers allow for this then taxpayers must admit that they are sucker slaves for worldwide wealth. This company paid its exiting CEO $68 million or so and now taxpayers dollar come in and fill that gap and an add another additional $80 billion.
If the "bridge loan" is not a sure fire failure, then certainly private money driven by market forces would be more than willing to accept the risk, not government money. If the money departs the fed window the goverbment and taxpayers will be left holding a pile of AIG's voluminous shyte never top see any recvery. What happens if AIG takes the government's money and then collpases later.
Remember, the government's horse syte mantra justifying the $29 billion or so the fed extended to bail out Bearn Stearns with the use of JPM earlier this year. In case you forgot, the government stated the bail out was necessary; otherwise, Lehman and Mewrrill would collapse after Berar Stearns. Guess fucking what the FED bailed Bear out to the tune of $29 billion and Lehman collapsed and Merrill ceases to exist. How about that?
This is communism for the wealth of the world. Taxpayers slave away each day and employment and income taxes go to DC only to bail out wealth in investments gone bad.
American W-2 employees should quit working for several months and cut off the sweet flow of employment taxes and income taxes DC needs to survive and party on with Wll Street failures like AIG.
This must stop DC must burn to the ground figuratively speaking of course before anything will change. Wall Street, wealth and DC all need an immediate substantial demise such that that maggots crawl from skulls, with DC to be rebuilt anew.
If Wall Street or DC were ablaze I would opt to watch them burn rather than picking up a hose. I might even smile in anticipation of the potential for a brighter tomorrow, something I cannot see today.
http://www.editorandpublisher.com/eandp/news/ar...
(Drives me nuts when Repubs act like they're the economic experts: Every study I've seen says most real economists are Democrats.)
IGNORE IT!!!