Wednesday, June 30, 2010

Bailouts - The "Legal" Way to Steal

Read the shockingly honest and well written article from the NY Times titled In U.S. Bailout of A.I.G., Forgiveness for Big Banks showing how we were totally screwed by the three personages seen above. Without a doubt, the biggest theft in history perpetrated by government, the Fed and Wall street, which includes the aforementioned AIG affair, will cost this country in ways that cannot be fathomed as we slide ever closer to sovereign insolvency. What a sad thing to see in this once great nation where innovation and creativity ruled in business and not corruption, incompetence and greed. 

After reading this, check out Regulation Blues seen below to see how transparency would have prevented the meltdown we are experiencing today.
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