Posted on 03/06/2011 9:08:21 AM PST by SeekAndFind
Edited on 03/06/2011 11:44:56 AM PST by Admin Moderator. [history]
I posted only the relevant portions of the article. Click on the above link for the rest.
Warning -- obscenities in the article. Reader discretion advised.
The whole thing was an obscenity. The people who authorized it (on both sides) should be suffering right along with the sheeple.
It is hard to fathom why we need to read the Rolling Stone to get these stories.
schu
“The people who authorized it (on both sides) should be suffering..”
Totally agree. BOTH sides need to be hung out to dry. The TBTF banks and the politicians.
Honest journalism appears to have been lost long ago, if it ever existed.
How can they be honest when they depend on their advertisers? They never really were independent, and remain so, unfortunately to this very day.
“Warning — obscenities in the article. Reader discretion advised.”
Yeah, Taibbi has to relay the information in ‘Left-Speak’. If there’s not enough flowery expletives, the target demo will start thinking the article belongs in the Weekly Standard.
How much of this could have been avoided by having the contracts made public long before they were signed ?
Unfortunately, the Kelo vs. New London decision by the Supreme Court also makes it much easier for corrupt local politicians and officials to rip off their constituents. All they have to do is decide it is in the city’s or county’s “best interest” to take private property from one individual, business or entity and sell it to another.
Wall Street lending on municipal bonds. Shocking.
Taibi, the communist, thinks money grows on trees.
And none of this is the fault of the Democrat and RINO politicians who piled up huge debts, issued more and more bonds, borrowed more and more money, and then found that they were, well, in debt?
I blame the politicians first, for insane borrowing, and the banksters second, for agreeing to lend to them.
sfl
Hell of a read. Hard to believe we can recover from this without some serious strife. Third world style government needs tp be rooted out.
RE: The people who authorized it (on both sides) should be suffering right along with the sheeple.
As one reads the story and how a project budgeted for just $250 Million balooned to 5 times its original etimated cost, one cannot help but appreciated the foresight of Chris Christie when he vetoed the potential boondoogle that is the NJ to NYC train tunnel that was originally estimated at $6 Billion and now is estimated to cost $14 B ( and will that be the end of it?).
You can take this to the bank — when government estimates the cost of a new program to be X dollars, mulitply that by 4 at a mimimum.
The "Wall Street bankers" weren't the problem here . . . the incompetent, corrupt public officials who signed these deals were.
And look who the impetus was: that’s right, the EPA.
For anyone who looks around at his county, city, or state, and asks “How did it get like this?”, this article explains a lot.
AND THE REAL LOOTING OF ALL AMERICANS HAS BEEN GOING ON FOR ALMOST 100 YEARS THANKS TO OUR GREEDY, CORRUPT, SELFISH AND INCOMPETENT FEDERAL GOVERNMENT, MAINLY OUR CONGRESS.
“The Wall St bankers weren’t the problem here”
Lending other peoples money to “incompetent, corrupt public officials” while personally enriching themselves, personally corrupting public officials, personally walking away from the consequences of their personal actions and hanging the public with their gold plated disasters.
Problem, what problem?
The road to hell is paved with good intentions.
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