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MORE Corporate Welfare
"Wall Street has ended a volatile session sharply higher after a
stunning late-session turnaround that sent the Dow Jones industrials up
about 400 points. The big comeback followed a report that the federal
government may create an entity that will take over banks' bad debt."
http://biz.yahoo.com/ap/080918/wall_street.html
Hey Feds....I have some bad revolving debt that's affecting my credit score. Can I just shuffle it off to the taxpayers, too?
Despicable.
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Comments (2)
It pushes the total cost of corporate socialism to over 1 trillion.
Congress will throw us another bone in a second economic stimulus.
They are comparing it to the depression but government is acting on it this time.
Crazy times.
September 18, 2008 5:24 PM | Reply | Permalink
Its out of control:
http://www.chicagotribune.com/business/chi-wed_oilsep17,0,4833605.story
September 18, 2008 6:32 PM | Reply | Permalink
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