Posted on 08/26/2010 11:07:47 PM PDT by rebel_yell2
With the ink of President Obama's signature on the Barney Frank-Chris Dodd financial reform bill barely dry, the next bank bailout already has begun. How can that be, you might ask? Weren't we promised that this "landmark" legislation would end bank bailouts? Weren't we promised that this legislation ushered in a new era of transparency on Wall Street? Could it be that the politicians lied to us? Say it ain't so - but it is. If this brings to mind the backdoor bailout of Wall Street banks by AIG, it should. At just these three big banks, the taxpayers are on the hook for almost $60 billion in bailout money. This is yet another way to funnel our taxpayer dollars from Main Street into the banks on Wall Street. So the next time you hear Mr. Obama, Sen. Dodd or Rep. Frank tell us how they have "ended bank bailouts," remember that old comment from Yogi Berra, "This is like deja vu all over again." Only this time, the conduit is not AIG, it's the FHA.
(Excerpt) Read more at washingtontimes.com ...
Sons of bitches.....
The party's over
The candles flicker and dim
You danced and dreamed through the night
It seemed to be right just being with him
Now you must wake up, all dreams must end
Take off your makeup, the party's over
It's all over, my friend
The party's over
It's time to call it a day
Now you must wake up, all dreams must end
Take off your makeup, the party's over
It's all over, my friend
It's all over, my friend
Never was my party... my party is just beginning....
I am talking about the big party this Country was in the last two decades...
The Cloward-Piven strategy?
Yep. The Dow has to be held at 10k no matter what. To keep the Ponzi alive.
I’ve have news for these asshats “I’m not payin!” Gone Galt
It's not a big surprise or a new bailout. These are just FDR's chickens coming home to roost --- the FHA is just another part of FDR's disastrous "New Deal".
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