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Thursday, July 17, 2008
The Corruption of Big Money
"...Bush is akin to the Captain of the Titanic, except that before putting wealthy Republicans on the lifeboats, he takes all the valuables from the passengers who will be left to drown."
--The Political Junkies, commenting on the Bush plan to bail out Fannie & Freddie
And this: "To rescue Fannie and Freddie is the ultimate implementation of socialism for the rich and the well connected."
Then this: "As with the bailout of Bear Stearns Co., corporate interests and stockholders get the benefit of taxpayer dollars propping up insolvent companies or limiting their stock losses. For the average American who is facing a home foreclosure, Republicans merely call them 'irresponsible,' and leave them to lose their homes."
--The Political Junkies, commenting on the Bush plan to bail out Fannie & Freddie
And this: "To rescue Fannie and Freddie is the ultimate implementation of socialism for the rich and the well connected."
Then this: "As with the bailout of Bear Stearns Co., corporate interests and stockholders get the benefit of taxpayer dollars propping up insolvent companies or limiting their stock losses. For the average American who is facing a home foreclosure, Republicans merely call them 'irresponsible,' and leave them to lose their homes."
Labels: bank failures, George W. Bush
