| These two institutions have been “rewarding” ex-government officials / politicians with very cushy jobs and rich perks
Class envy speeches don't cut it for me. "These guys make more money than we do! We must bring them down!" How did America ever come to that? |
OK, open up your check book and pay for the bailout, because as a taxpayer, you will be bailing them out. Since you seem to be OK with the corruption and the decisions they made...
Um, lets try again. A very large quasi private entity has been spectacularly mismanaged by political apointees with little or no background that would allow them to successfully manage said entity.
Now, it is in very bad shape, and politicians are suggesting that the taxpayers take over the firms. This would add 5 Trillion dollars to our debt, according to another article linked on drudge this AM. If only 10% of their debt is bad, we, the taxpayers would get stuck with a $150 billion check to cover.
The cost of the Iraq war. But of course it could be 15% or 20%, we just don’t know.
I would say that among all the idiotic things that politicians have done this is probably the most expensive, and so one of the worst.
It’s not class envy that makes me mad, its favoritism, nepotism and they resulting massive costs to taxpayers.
Oh, so what. In a country of 350 million people and 80 million homeowners, worrying about the perks provided to a couple dozen — or even a couple hundred — fat cats is a waste of time.