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Friday, 09/19/2008 12:18:33 PM

Friday, September 19, 2008 12:18:33 PM

Post# of 33753
WASHINGTON — An enormous, taxpayer-financed program to buy up bad mortgages and other distressed debt is necessary to protect the savings and aspirations of millions of Americans, Treasury Secretary Henry M. Paulson Jr. said on Friday.

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Amazing transfer of wealth once again. The tax cuts of the last 8 years benefit the upper tier of income earners. Those same greedy pigs screwed up big time and now the rest of us go on the hook and will be covering the screw ups.

Why not require all the CEO's and employees who earned over $50K per year to give back all the salary and options & profits they took in creating this mess. Maybe next time they won't be so anxious to do it again if they know they will be disgorging the profits.

So we have to give them money so they can turn around and lend it back to us at higher rates so we can send our kids to college at ever increasing rates of inflation.

I am tired of bailing out the crooks. If they keep this up I fear I might start sounding like ....

Signatures are so yesterday!

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