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Wonder how Mr. Bush feels about his eight years
Message
From
21/09/2008 10:51:30
Dragan Nedeljkovich (Online)
Now officially retired
Zrenjanin, Serbia
 
 
To
21/09/2008 04:21:01
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01349278
Message ID:
01349306
Views:
18
>From budget surplus to this.
>
>http://news.yahoo.com/s/ap/20080920/ap_on_bi_ge/financial_meltdown;_ylt=AruohAemBFQQDzN8TfuIC2as0NUE

What I don't understand is how did this sort of reverse socialism get sold to the masses. I mean, the people who couldn't pay will still lose their houses (which won't be homes, as they'll be empty and some of them just torn down). The banks who still own these houses - i.e. there are substantial assets to back this - are now somehow in dire need of money, and need to be bailed out at everyone's expense? Well, not everyone's, most of the large corporations manage to evade lots of taxes.

So those who were irresponsible with their money (the owners of mortgage homes) lose everything, but those who were irresponsible with money of others (banks, loan sellers et al) get to be bailed out at the expense of others. Hmmm.

back to same old

the first online autobiography, unfinished by design
What, me reckless? I'm full of recks!
Balkans, eh? Count them.
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