We're Still Getting Screwed


	We're Still Getting Screwed

chestnut501

4-2-2009 2:10 AM

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chestnut501 says:

Geithner Plan Will Make the Rich Richer!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/dd7137c7-dd2e-4b2a-90f3-8364b3c4d939/F06976E2-63B5-4F14-8CB1-F284BE48E393/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.alternet.org/workplace/134432/we%27re_still_getting_screwed%3A_geithner_plan_will_make_the_rich_richer%21/" href="http://www.alternet.org/workplace/134432/we%27re_still_getting_screwed%3A_geithner_plan_will_make_the_rich_richer%21/" style="font-size: 11px;">www.alternet.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/134432/we%27re_still_getting_screwed%3A_geithner_plan_will_make_the_rich_richer%21/">Treasury Secretary Tim Geithner's plan to subsidize the purchase of junk 
mortgages and their derivatives </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/134432/we%27re_still_getting_screwed%3A_geithner_plan_will_make_the_rich_richer%21/">for $1 trillion (approximately equal to 300 million kid-years of SCHIP, the 
State Child Health Insurance Program) can alleviate the stress on the banking 
system. Note that no one claims that $1 trillion spent on the Geithner plan will 
actually clean up the banking system </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/134432/we%27re_still_getting_screwed%3A_geithner_plan_will_make_the_rich_richer%21/"> hedge and equity fund managers could make hundreds of millions or even billions 
off the Geithner plan. And, under current law, they will pay a lower tax rate on 
this money than a schoolteacher or firefighter. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/134432/we%27re_still_getting_screwed%3A_geithner_plan_will_make_the_rich_richer%21/">the folks who bankrupted their banks and wrecked the economy will be able to 
continue to earn multi-million dollar salaries. Of course this is necessary, 
because who else has the skills to run these banks, other than the people who 
drove them into bankruptcy?</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/134432/we%27re_still_getting_screwed%3A_geithner_plan_will_make_the_rich_richer%21/">every plan the EMHB have developed so far involves using taxpayer dollars to 
subsidize the bankrupt banks </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F06976E2-63B5-4F14-8CB1-F284BE48E393/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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