Activism and Politics => Politics => Topic started by: tekla on October 06, 2008, 08:14:45 AM Return to Full Version

Title: Lake Woebegone and the Bailout
Post by: tekla on October 06, 2008, 08:14:45 AM
Poor Senator Larry Craig got a truckload of moral condemnation for tapping his wingtips in the men's john, but his party proposes to spend 5 percent of the GDP to buy up bad loans made by men who walk away with their fortunes intact while retirees see their 401(k) go pffffffff like a defunct air mattress, and it's business as usual.

Garrison Keillor on the current events.

http://www.alternet.org/workplace/101694/they%27re_stealing_from_you_and_me_--_where%27s_the_outrage/ (http://www.alternet.org/workplace/101694/they%27re_stealing_from_you_and_me_--_where%27s_the_outrage/)
Title: Re: Lake Woebegone and the Bailout
Post by: Kaitlyn on October 06, 2008, 09:25:09 AM
It's more like a bail-in.  They're bailing into the boat and they won't stop.

Posted on: October 06, 2008, 10:24:50 am
It might be because the boat's on fire, too.
Title: Re: Lake Woebegone and the Bailout
Post by: tekla on October 06, 2008, 09:27:54 AM
Nah, the boats just full of fools, idiots and crooks.  Plenty of crooks. 

So they get the taxpayers to take over the bad paper and they keep the good paper.  Genius.
Title: Re: Lake Woebegone and the Bailout
Post by: Kaitlyn on October 06, 2008, 09:37:46 AM
If it were just the crooks on fire, we'd be OK.