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A Trillion Dollar Bait and Switch

Discussion in 'Political Debate & Discussion' started by poncho, Oct 14, 2008.

  1. poncho

    poncho Well-Known Member

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    [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]
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    [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.
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    #1 poncho, Oct 14, 2008
    Last edited by a moderator: Oct 14, 2008
  2. ray Marshall

    ray Marshall New Member

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    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.
     
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