US Taxpayers Say Give Us Your Sick and Dying Debts!
US taxpayers Free Hand-Outs To The Super-Rich
While it may astound you to see the government nationalizing corporate losses as they privatize their profits this Sunday found Paulson sticking up a free money sign. With everyone in a panic and not allowing the failed companies to die the death they deserve Paulson has the nerve to insist the USA take on all bad debt of foreigners, foreign banks, and foreign investments. All that is necessary is for Paulson to say it is needed to stabilize an out of control banana currency.
All this in an election year?
"A later version expands the definition of the financial firms that would qualify to sell their bad debt to the government to include not just U.S. firms but also foreign firms doing business in the United States" (1)
That is every major global banker and corporation in the world!
This is the culmination of profit taking by the criminals who hold government in their hands. Trying to shake the stigma of nationalizing these private corporate whores they are taking any bogus loans off their hands. It is not just banks, it is stock brokerages, credit companies, and insurance companies all scamming under their respective government supervision for a decade of decadence. Now the outgoing government is adamant to protect the profits and absorb the excesses of these monstrosities.
All this occurs as the dollar falls again in buying power. Have you seen cheaper food? Out country has been made mince from the foul smell of banks and government greed. There should be no fear to watch that which should fail, fail. Please do something to stop this nightmare of a trillion dollar hand out to privatize the abuses of corporations leaving the their name and profits to continue. We can do without the big names with their big rip-offs.
!Stop the privatization of profit and nationalization of debt!