I have a suggestion regarding the current Wall Street investment crisis. And that is, that whenever the taxpayers are forced by politicians such as John “I was for deregulation before I was against it” McCain to bail out large companies whose collapse could threaten the American economy (an economy that was, if memory serves, “fundamentally sound” only last week), those same taxpayers should receive in return a vital and profitable company. So yeah, sure, we’ll take AIG off your hands, but we want Microsoft. Fine, give us Fannie Mae and Freddie Mac, but we’ll be requiring ExxonMobil and Standard Oil in the bargain.
Although at this point, I’m ready to have government just take over the
In other words, readers,
They drink it up.
Ditto their corporate brethren in the financial sector, who while insisting on their government cheese with one hand, are using the other to slap the wrists of homeowners who “were greedy” and “made bad decisions” regarding their mortgages. It seems that only the Fortune 500 is allowed to takes risks in the hope of a payoff. American homeowners are most definitely NOT allowed to buy on spec or aspire to turn around an asset in order to make a profit, because then they are irresponsible and ruining the economy. I mean, how dare they assume that mortgage companies, and the companies that buy mortgage-backed securities, would act in a fiscally responsible manner? Greedy fucking house-buying bastards.
What’s an honest, tax-paying American to do? It’s getting so bad up in this US of A mug, that I would move to