Its a racket. The reasons why policy makers to include the president who campaigned on financial reform gives us the consumer protection act, and something I thought we always had?., does nothing to address the real issues of the corruption which brought this country, and world economies down to its knees because they're all apart of it. The very reasons we will see it all again, and what we have witnessed is only the calm before the storm.
What people don't seem to get is that it was Wall Street with the US exchanges which drained billions from the public when they first inflated oil prices, and publicly traded corruptions with its insiders drain billions more from Americans year after year with the working class who believed and perhaps many still do that investing in these public entities will grow jobs, and the economy, and their nest-egg, investment banks like Lehman, GS which is nothing more than a hedge-fund and got a $23b dollar govt payout to cover its bets thru AIG, banks, and insurance companies, the big one AIG. Ford, GM, Chrysler all came to Washington looking for bailout who were no doubt crushed from lack of auto sales when gas prices were soaring at the pump, something they never saw coming or counted on occurring hit them hard. Consumers were using their credit cards, many for the first time for this kind of purchase and accumulating more debt mainly due them not being able to afford the fuel. But the game goes on!. Nothing has changed its business as usual. GM is building, and producing in China, Ford in Russia, and Chrysler was on the table in Italy.
Paulson was right about one thing when he said, "the taxpayer is already on the hook!". The beneficiaries were the politicians, and those involved in the most blantant corruption this country and the world has ever seen, Madoff was just the tip of the iceberg. Guess who the politicians are gonna be gunning for now?, guess who will be asked to make more sacrifices to clean up the slaughter, and to feed the wolves at the door?. The good ole working class American people who are believed to be the real patriots, and more than willing to fight their political wars so corruptions can get a foot in all around the globe.
The cost in last 10 years has compounded the National Debt, it must be at least $5 trillion,,,,,,,,,,,,,,,,,And for what??????.
Ahhh!. Lots were paid out to corporations like Haliburton, and those who given the unbidded for contracts. Partners in crime.
Now the politicians have to really begin to see how they can cut corners because the debt level is so staggering, like always the working class legal Americans will pay for it one way or the other and the politicians will keep on protecting those who are in this country illegal, even suing States who want protection from the onslaught of murder spilling across our borders. The real problem they say is still Afghanistan 10 years later and no Bin Laden, $150b has gone to Iraq for its infrastructure, $50b for Afghanistan that never had infrastructure, and $2b or Pakistan to their corrupted politicians to fight terrorism whose border we are told, cannot cross where they harbor terrorist by giving them sanctuary. Permission we need to ask for?.
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