This insanity is going to sink us

Paulson’s mission is to consolidate wealth to as few hands as possible. By propping up failed banks, we are destroying their competitors who functioned soundly. This is disastrous manipulation of the markets. Paulson is not only rewarding the worst performing financial institutions, but encouraging them to do the same again. Imagine you are a community bank making sound loans all the time, but now your competitors get 10 Billion dollars for making bad ones. They can advertise with this money, or just loan it away cheaper than a sound institution can afford to. If this happened in China, Paulson would be executed. The people were against this bailout 100 to 1, and yet it was rammed through anyway. This is a renegade government, which has absolutely no fear of accountability. It must be stopped before everyone, save Paulson’s friends of course, is in the poor house.

Related Posts:

• Pay for banks and broker-dealers will hit a record $140 Billion this year.
• Obama spoke about 3 million plus jobs only to pass the stimulus.
• What does current mess have to do with Obama?
• An example of the banks cooked results for the first Qtr, courtesy of John Mauldin:
• Why the economy won’t recover anytime soon?

Leave a comment