(Untitled)

[tayefeth]

The White House has been planning this bailout for months. Which explains why they're so insistent that nothing Wall Street doesn't like be added to it: it's not a reaction to the current crisis, it's a way to enrich the already-wealthy at taxpayer expense.

Comments

[rhiannonmr]

I'll call it what it is: extortion. They want to hold us up for a humongous amt of cash and expect we won't balk at the payment as long as they use the fear tactics that worked so well after 9/11. The whole idea of this has me fuming in rage here. I know people who are barely making it. They're not gonna get a bail out, so why the hell should I want some rich guy on Wall St to walk away from a mess he(generic there) created with a golden parachute?

[tayefeth]

Their line: "Now is not the time to assign blame."

My line: "That ain't just bullshit. That's horseshit."
If the immediate aftermath isn't the time to assign blame, when is? Only the guilty want the evidence muddled...

[cammers]

Man, I'm really feeling for you guys. It's kind of inexplicable that so many people can see the shams going on and calling them on it... and absolutely nothing happening about it. Or worse, see people supporting the crooks.

There's... no consequences?

[tayefeth]

Not if the administration has its way. They've conceded a tiny bit: they'll allow caps on the amount of money the CEOs of companies asking to be bailed out can make. But they're not going to agree to, say, fine those CEOs for reckless behavior. Heck, if McCain gets elected, those CEOs will get a permanent tax cut.

The goal seems to be to make it absolutely and totally impossible for the wealthy to ever become not-weathly, while prating about "personal responsibility" to anyone who makes less than a quarter mil a year.