Re: Financial Sector self-destructing
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Re: Financial Sector self-destructing         

Group: sci.econ · Group Profile
Author: Econotron
Date: Mar 28, 2008 12:48

"Sushi Fish" yahoo.com> wrote in message
news:6c197343-146d-4b95-94dd-d5338b2cf17e@i7g2000prf.googlegroups.com...
> On Mar 28, 10:28 am, Jerry Kraus yahoo.com> wrote:
>> http://biz.yahoo.com/ap/080328/fed_credit_crisis.html
>>
>> In typical neocon fashion, the fascist at the Fed, Ben Bernanke, is
>> continuing to bail out greed, incompetence, exploitation and
>> destruction, at U.S. taxpayer expense, and, at the risk of further
>> undermining the U.S. currency. Another 100 billion of your taxpayer
>> dollars will be going to subsidize the multi-million dollar salaries
>> of CEO's of vicious, worthless and incompetent Wall Street Firms. God
>> knows, they've earned it! After all, what are taxes for, if not to
>> finance the destruction of the U.S. military and the Nation of Iraq,
>> and to ensure that CEO's and their immediate families can live in the
>> fashion to which they've become accustomed -- that is, like Royalty.
>>
>> Of course, even the government doesn't have enough money to finanace
>> these scum out of their entirely self-created problems. They've
>> created nothing, done nothing, stolen, lied and cheated the nation and
>> the world for decades, and now they can't find anyone stupid enough to
>> let them cheat them anymore. So, they've come crying to their buddies
>> at the Fed, who are more than happy to bail out "family" like them.
>> But, shortly, even they may have to face reality. The CEO-leeches on
>> Wall Street are no better than the rest of us -- they are worse.
>
> FED does anything to prevent the rerun of 1929, even pay ransoms to
> financial hijackers who held economy and consumers hostage. Since Fed
> is willing to bail out Bear Stearns, a group of sub-prime associates
> come forward to ask for help. We will pay for all the money Fed
> printed, by inflation and taxation. Sub-prime lenders and banks give
> a lot of $ to BOTH Obama and Clinton in presidential race.
>
Fed knows that there would be no rerun of 1929, for the reasons explained
here and elsewhere. If the Fed really thought that such rerun was possible,
they would have prevented the bubble in the first place, instead of creating
it. The 1929 scare is being used as a tool to bail out the perpetrators.
e.
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