« previous | TPM CAFÉ READER POSTS HOME | next »
No amount of lipstick can save this bailout pig
No way, no how, no bailout.
I've seen so many proposals flying around by congressional dems and progressives to "improve" this bailout bill, but they all miss the point. They are all just putting lipstick on a pig. It's ridiculous. They basically read,
"OK, we'll give a $700 billion gift to the banking industry, but we're going to make them feel bad about it."
Or,
"Well, if we're wasting $700 billion on a bad idea bailout of Wall St., what's another $200 billion to bail out the reckless part of Main St. too?"
no. No. NO. NO! NO!!!
The whole thing is crooked. The bailout is a bad idea being driven by fear. there are much solutions to the crisis that are more likely to succeed and will cost us far less. Kill the bailout, don't make it bigger. It's just terrible, terrible, terrible.
Are you really willing to send $10,000 to Wall St. to pay off the corrupt bastards that got us into this mess? I know the answer is no. That's why you must oppose this bill in any way, shape or form.
No way, no how, no bailout.
Comments (3)
You just don't get it. It isn't wall street that caused the problem, it's home buyers who bought what they couldn't afford, lied to get loans, bought condos just to flip them. Then when the market declined, they want out and want to stick the bank with the loss.
September 21, 2008 4:29 PM | Reply | Permalink
Still repeating your tired lies, I see. Why did values drop? Why did people not have the means to meet their obligations?
And most to the point, why are you so demonstrably unwilling to look upstream from your parroted (and discredited) Republican talking points? When you are willing to admit your dishonesty, the real discussion can begin.
September 21, 2008 5:00 PM | Reply | Permalink
It's a shared responsibility. No one made the banks loan money to people with no income, no asset mortgages. Yes, those people share responsibility, and I agree they should lose "their" homes if they can't pay the bills. But the banks are just as culpable. The difference is, Wall St. firms are getting golden parachutes.
Besides, those wizards on Wall St. are paid to understand risk. Listen to "The Giant Pool of Money" on NPR to learn more about how this crisis started, and see how responsibility lies all along the spectrum.
People have lied to get loans for all eternity. Ask yourself, what has changed this time that caused all those banks to fail?
No way, no how, no bailout.
September 21, 2008 5:22 PM | Reply | Permalink
Post a Comment