Friday, October 3, 2008

700 Billion "Bailout"? "Rescue"? You Make the Call

The "How" it happened by the NY Times.

"Why" the bailout by the Smirking Chimp.

For the most part, Wall Street deregulates itself to the max which is a common practice in the current administration. Washington farms out oversight and asked Wall Street (Fox) to police(watch the henhouse) themselves.

Follow the trail.

Foreign investment flowed into Wall Street while toxic mortgage backed securities and derivatives flowed out of Wall Street to the global community. In order to stave off international lawsuits, here comes the US taxpayer to cover the tab.

Hopefully, come November, conservativism will go by the wayside as the likes of Facism and Nazism. What we need now is functionalism.

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