Bailing Out Banks, Not Main Street


	Bailing Out Banks, Not Main Street

baydawg

12-5-2008 1:43 PM

101 views

tags:

crony capitalism, financial crisis, bank bailout, main street

baydawg says:

Crony capitalism at its worst. We've been Bush-whacked.

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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/eba38ea5-5215-4768-b8c0-1e373df6528f/FCA2C529-4517-4661-89BD-02EBC7EF92A8/" 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://jsmineset.com/index.php/2008/12/04/the-necessary-groveling-of-the-auto-industry/" href="http://jsmineset.com/index.php/2008/12/04/the-necessary-groveling-of-the-auto-industry/" style="font-size: 11px;">jsmineset.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://jsmineset.com/index.php/2008/12/04/the-necessary-groveling-of-the-auto-industry/"><P>First Bernanke then Paulson speaks about helping mortgagees.</p> <P>During all of this Nardelli of Chrysler was forced to grovel in public for the measly fee of about $14 billion.</p> <P>The net result was at the end of Motors being grilled by our beloved clueless legislative, the Dow once again regurgitated.</p> <P>What a difference between how Washington treats Wall Street and Main Street. Wall Street gets the silk glove treatment while Main Street gets the hob nail boot directly in the ass. Talk about irony. The blue collars are the salt of the earth and foundation of this country.</p> <P>Where was Senator Shelby of the Banking Committee when the bailout of $8.5 trillion was embarked on for financial entities? Senator Shelby said screw Motors but never said screw the banks who also have a crappy business plan. </P></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/FCA2C529-4517-4661-89BD-02EBC7EF92A8/blog/" title="blog or email this clip"><img src="http://content8.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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