Wall Street Bailout Won't Do Much to Help Ailing Economy »

Posted By Grrr 1 year ago in Business & Finance

Americans will have to fight for measures that protect the public interest, not the interests of those who made this mess. Treasury Secretary Henry Paulson made $163 million as CEO of Goldman Sachs in 2006. Now he and his former colleagues at Goldman are running the Wall Street bailout.

During the Asian financial crisis ten years ago, there was an expression for this kind of system: "crony capitalism."

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Grrr

The essence of independence has been to think and act according to standards from within, not without. Inevitably anyone with an independent mind must become ...

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    chevydog1 year ago

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    This seems to me to be a pretty tempered look at things; but the headline made it sound much more inflammatory than it was.

    Of course the bailout won't work as planned. Very little that we do as humans does. The whole thing was quickly conceived by people who had one major thing--the health of what is generally called "Wall Street"--in mind. That it will have unitended consequences, be difficult to implement sometimes, and could have been better planned are axiomatic, not news.

    Breathlesly screaming that something will not work as advertised may be fun and satisfy certain psychic needs; but it's pretty well the normal state of affairs.

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    Grrr1 year ago

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    The bailout is just another CON perpetrated by this administration. A continuation of the 8 year smash-and-grab heist of our nation's wealth that we have had to endure. As with every appointment of various agency and commission directors under W, the foxes are guarding the henhouse, and now we're letting them write their own legislation.
    This sh!t is traitorously criminal.

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    drunkenhunter1 year ago

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    Now as for the bailout, I used to think it was the bigger fool theory and that the taxpayer turned out to be the biggest fool. Or maybe that someone took our seat in musical chairs. Now I think that the whole world is a telethon for billionaires.

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      coolrayfruge1 year ago

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      Its sending a message.
      That they don't have to be careful with their spending.
      That they got the people to bail them out.
      Their tipical spoiled rich class who don't have no be responsible.
      Cause the peasants will pay for it.

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        coolrayfruge1 year ago

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        People need to break free from the dependency of system to provide for their needs.
        Get their Freedom and Independence back.
        By learning to be more self sufficant.
        Supply your own scource of energy,rise your own food,learn to live off the land and use it resources wisely.
        Its easier said than done,but with the people working together.
        Fighting against those that want to control it and have power over us.
        We can break free from their economic grasp they have on our lives.
        Be free people once again.

        Stop supporting the greed.

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          reallypsst1 year ago

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          People we have been duped again by the bush bs just like the war,so why doesn't the fed print up another trillion dollars and bail out the people who lost their jobs and homes. maybe mccain can suspend his campaign and go to Washington and ask bush and really put country first, our country the american worker he keeps talking about!

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