Economist on bailouts: 'This is socialism' for the rich »
Posted By TechnologyExpert 1 year, 3 months ago in Business & Finance"The regulators should investigate themselves for bailing out Fannie Mae (FNM.N) and Freddie Mac (FRE.N), the creditors of Bear Stearns and the financial system with new lending facilities. They have swapped U.S. Treasury bonds for toxic securities," he told Barron's. "It is privatizing the gains and profits, and socializing the losses as usual. This is socialism for Wall Street and the rich."
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TechnologyExpert
I am Editor-in-Chief at Alice Hill's RealTechNews (http://www.realtechnews.com). I also have my own blog (Tech-Ex) at http://TechnologyExpert.Blogspot.com. Finally ...
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CORPORATEBULLY1 year, 3 months ago
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Att: RBC President Gordon Nixon - Salary - 11.73 Million!!
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Royal Bank of Canada (RBC Bank) : Corporate Bully
Att: RBC President Gordon Nixon - Salary - 11.73 Million!!
$100,000 MISTAKE - (FISHERMEN'S LOAN)
I'm a commercial fisherman fighting the Royal Bank of Canada, (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your Royal Bank account.
Website http://www.corporatebully.ca http://www.youtube.com/CORPORATEBULLY -
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Lurch1 year, 3 months ago
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The Republicans are practicing wealth transfer entitlements for the idle rich because apparently they think the middle class are the ones made of money.
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Obama wants to change that and give the working class a small piece of the pie. A little break after seven/eight years of getting robbed blind by the cons. And we`ll need it.
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