March 27, 2008

While you were sleeping... Banks Want YOU to Bail Them Out

Central banks on both sides of the Atlantic are actively engaged in discussions about the feasibility of mass purchases of mortgage-backed securities as a possible solution to the credit crisis.Such a move would involve the use of public funds to shore up the market in a key financial instrument and restore confidence by ending the current Socialism for the rich! Now THERE's an idea. Privatize the profits; get the taxpayer government to pick up the losses.NEOCON heaven - and the big fish get richer, and the big fish get richer .. .. Does anyone on the bottom of the "food chain" have any power left?

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