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Reply #122: They Gave the Biggest Amount of Money, to the Worst Possible Place [View All]

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Hidden Stillness Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-30-08 11:02 AM
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122. They Gave the Biggest Amount of Money, to the Worst Possible Place
They gave the money to a type of investment/broker institution, that has nothing to do with the types of lenders and brokers that made the mortgage deals with foreclosed-on people, nothing to do with the holders of credit card or student loan debt--the main source of the crisis of crushing personal debt--nothing to do with medical debt or anything else, and yet this was supposed to "solve" something. The operator of the scam, Paulsen, who has made billions of dollars on specific investment deals, would decide which corporations survive, and on what terms, and which would collapse, and--surprise!--chose on the basis of connections and ties, and on letting hated competitors die. The terms given to the investors that Paulsen bailed out, have been called higly suspicious and possibly criminal by Nobel Prize winning economist Joseph Stiglitz.

Most shocking, a few days ago, Sen. Bernie Sanders revealed that the money will go to CEO and other executive bonuses after all, and tried to get this prick Paulsen to block it--Paulsen did not. Sanders revealed that $71 billion has already been budgeted by the corporations that will get the bailout--all to bonuses! All the asshole "know-it-alls" on the media, on DU, Obama getting people in Congress to change their votes and vote for this--telling us this would "solve" something...How can an "economy" recover, when all the attention is being given to individual corporations, and the middle class and poor of the world, sink further into a spreading, deepening recession?
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