The whole Bear Stearns bail out is hilarious when you consider how
horrified these 'free market' proponents are at the thought of say,
socialized medicine, but barely bat an eye at socialized banking.
This week, Bernanke's Fed, for the first time in its history, loaned a
selected coterie of banks one-fifth of a trillion dollars to guarantee
these banks' mortgage-backed junk bonds.
Privatize profits and nationalize losses, anyone?
The deluge of public loot was an eye-popping windfall to the very
banking predators who have brought two million families to the brink
of foreclosure.
Up until Wednesday, there was one single, lonely politician who stood
in the way of this creepy little assignation at the bankers' bordello:
Eliot Spitzer.
Spitzer's lynching and the bankers' enriching are intimately tied.
How? Follow the money. Read on...
http://tinyurl.com/23759t
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