A Trillion Dollar Bait and Switch

Discussion in 'Politics' started by poncho, Oct 14, 2008.

  1. poncho

    poncho
    Expand Collapse
    Banned

    Joined:
    Mar 30, 2004
    Messages:
    19,657
    Likes Received:
    128
    [FONT=Verdana, Arial, Helvetica, sans-serif][SIZE=+3]T[/SIZE][/FONT][FONT=Verdana, Arial, Helvetica, sans-serif][SIZE=-1]he explanation that has been given for the financial crisis does not match up with the solution that has been devised. Moreover, the windows into the crisis offered by the authorities are opaque rather than transparent. [/SIZE][/FONT][FONT=Verdana, Arial, Helvetica, sans-serif][SIZE=-1]
    [/SIZE][/FONT]
    [FONT=Verdana, Arial, Helvetica, sans-serif][SIZE=-1]The only clarity we have is that the crisis is resulting in financial concentration and that the bailout constitutes a massive raid by financial crooks on both taxpayers and central bank reserves in the US and Europe.[/SIZE][/FONT][FONT=Verdana, Arial, Helvetica, sans-serif][SIZE=-1]
    [/SIZE][/FONT]
    [FONT=Verdana, Arial, Helvetica, sans-serif][SIZE=-1]The public monies that are being directed to private financial institutions are huge. According to news reports, Germany is devoting $540 billion to shoring up German banks, England is devoting $73 billion, and France has pledged over $400 billion. The US now has four separate bailouts underway, $800 billion for banks, $200 billion for Fannie Mae and Freddie Mac, $85 billion for the insurer AIG, and $25 billion for the US auto industry. These figures add to more than $2.1 trillion.[/SIZE][/FONT]


    [FONT=Verdana, Arial, Helvetica, sans-serif][SIZE=-1]Full Article...

    And guess who voted for it...both presidential candidates. I don't know about you all but that tells me neither of these two yahoos have any interest in serving our interests at all. Now put on your happy face and go vote for one.
    [/SIZE][/FONT]
     
    #1 poncho, Oct 14, 2008
    Last edited by a moderator: Oct 14, 2008
  2. ray Marshall

    ray Marshall
    Expand Collapse
    New Member

    Joined:
    Aug 15, 2007
    Messages:
    570
    Likes Received:
    0
    This bait and switch is used a lot in car dealers and/or local businesses with ads in the newspaper/tv to get you in their place of business. Not a good business act.
     

Share This Page

Loading...