Bend Over! - the GIANT PYRAMID CLUB

I can't help but view the "bailout" scheme of >700$$BILLION as a giant Ponzi Scheme where the taxpayers are at the bottom of the pyramid & Congress is at the top getting campaign contributions, perks of the governing elite & more taxes without representation for their continuous bungling producing NOTHING!  Pretty soon there won't be enough taxpayers in the World to make it work.

"There is no distinctly American criminal class except Congress." -Mark Twain

Tags

  1. ponzi
  2. 700 billion
  3. pyramid club
  4. 3rd street

Comments


Mark de LA says
Do facts matter?  Apparently NOT.  Read Thomas Sowell and wonder why not?


Mark de LA says
Maybe these facts matter:
source: ... If given the choice, a new poll reveals, 59 percent of Americans would sweep Capitol Hill clean of the current batch of senators and representatives to elect an entirely new Congress.
... & ....
ibid: ...

Further, less than half (49 percent) believe the current Congress is any more capable than a group of people plucked from the phone book, and nearly a third (33 percent) think the phone book congress would do a better job.

...& ..
ibid: ...

The polling firm records a mere 30 percent of voters approved of the bailout, while 45 percent were opposed, and yet Congress passed it, leaving behind some highly critical voters.


...
looks like the cartoon (both) is correct. I thought that the material in s 3rd street was a bit too early, but perhaps it is too late!



Mark de LA says
60 minutes (video as well) did an interesting piece on the Wall St. part of the equation.  Now will they do one on the other component that pushed the sub-primes via fannie mae and freddie mac and Congress?


Mark de LA says
source: ...

As the crisis worsens, the government's reaction keeps changing. Lawmakers in both parties are starting to gripe that the bailout is turning out to be far different from what the Bush administration sold to Congress.

In buying equity stakes in banks, the Treasury has "deviated significantly from its original course," says Alabama Sen. Richard Shelby, the top Republican on the Senate Banking, Housing and Urban Affairs Committee. "We need to examine closely the reason for this change," said Shelby, who opposed the bailout.

... Just like the candidates, once they have you or your money they can do what they want! ..... avoid buyer's remorse ..... 
In the words of a the "Oscar Rogers" Saturday Night Live skit we need some real change
& FIX IT!
 see (***)


Mark de LA says
And now the Feds refuse to say where the money ($$$$$2 trillion ) is going! Go to 9027 to help you imagine how much that is.  Perhaps disclosure would lead to a collapse of the banks themselves, OTOH wtf - I hope BHO appoints someone who didn't cause the problem to watch it.


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