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What's the deal with the economy? - Jason Lindquist
Idle ramblings of an idle mind
jlindquist
jlindquist
What's the deal with the economy?
Why are all these banks failing? It's all right here.

By the way, call your congressmen. This bailout is a bad deal, and it's even worse if it's allowed to pass without penalizing the people responsible with it and reversing the banking industry deregulation that's taken place over the last 30 years. That's what the GOP and the Shrub administration wants--a bailout bill "clean" of any such limitations. Fuck that. Very, very rich people, who are hell-bent on keeping all profits, made stupid decisions, and they want to socialize the losses--pass them on to you and me--by having the Treasury buy up all their bad loans. When they win, they win. When they lose, we lose--and they still win! Fuck that. And fuck them. Nobody has any business supporting a "clean" bailout, and anyone who does isn't fit to hold office.
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From: tskirvin Date: September 22nd, 2008 07:42 pm (UTC) (Link)
I've already contacted our Senators. I'm actually rather curious if it'll do any good...
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