Mike Chavers is on a rant about how every time some rich SOB CEO decides to run their business into the ground the working-man has to pick up the tab.
Last weekend Henry Paulson the Treasury Secretary appointed by Bush and the former head of the Goldman Sachs investment house announced that Bush /Cheney would ask congress to bail out Fannie Mae and Freddie Mac.
Now I know this sounds like a simple case of getting a hooker and her John out of jail but no, Fannie and Freddie were founded as a government agency in 1938 as part of FDR's New Deal to provide ready cash to the mortgage market to make loans for home loans.
Read the rest at OPEd News
http://www.opednews.com/articles/Who-Says-Bush-Isn-t-A-Soci-by-Michael-Chavers-080717-435.html
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1 comment:
Corporate socialism is what I'm calling it - -and it's true.
Scary thing is that it's not too far from National Socialism.
We all know how that worked out....
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