Treasury Secretary Paulson Reacts To Idea Of Including Something In The Wall Street Bailout Bill For Those Stuck Holding The Bag - The American People
"The biggest help we can give the American people right now is to stabilize the financial system," Henry "Da' Wizard" Paulson.
Really Henry? You propose giving out billions of dollars to Wall Street banks and companies, even ones on foreign soil, but with no expectations of regulation, no plan for paying back the loans, no rules against these same incompetent CEO's getting million dollar bonuses or "golden parachute payouts for their years of shoddy mismanagement, but the average American individual should expect nothing, but a taxpayer bill for the bailout?
Makes sense to me, how about you?
2 comments:
He and they had to save AIG. It's a spook agency. The others, no. They're going down. Read about it my post today about Spooks Sitting At Everyone's Door.
A better proposal was offered by Independent Senator Bernie Saunders of Vermont. It involves reversing the major tax cuts on the very wealthy, to pay for the bank failures. You can find Senator Sanders more balanced proposal here.
http://www.alternet.org/workplace/99690/
Sen. Bernie Sanders was a guest on Democracy Now this morning. Free transcripts of his presentation can be found at:
www.Democracy Now.org
Barack Obama proposed something similar ie. "reverse the Bush tax cuts on the wealthy," at The Cooper Union in New York, before making his so called move to the center!
We must urge our representatives in Congress to support Senator Sanders!
Thanks Professor Tracey, for being on the case!
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