Do We Really Want to Blame Irresponsible Borrowing?
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I’ve been fairly vocal about my displeasure with the banking industry and the ridiculous “bailout” fiasco. Is there any surprise that Paulson wants to buy up bank stock to “help their balance sheets”? Honestly, this should have been expected. This “bailout” is nothing but a farce, the greatest theft of American money from taxpayers in the history of our nation.
We give the government money to buy stock on Wall Street that is just going to go down over the next several months and become even less valuable? What the hell is Paulson thinkin? He needs to be fired immediately. His entire team is coming up with nothing good for America. This is outrageous.
This is like you and I borrowing from our Chase Credit card to purchase stock in JPMorgan Chase. W needs to take John McCain’s advice and start firing people. Fire the head of the SEC. Fire Paulson. Get these clowns out of here.
In the meantime, foreclosures have increased for the 34th month in a row. For all those who months ago were blamin irresponsible borrowing, are you really sure?






