Monday, March 10, 2008

The bathroom attendant at the Fed is riding to the rescue of the banks

Wall street banks are in deep crisis. Does anyone remember 1976 when New York City was on the verge of default and the banks called in its debt? And the 'New York Daily News' flashed acrossed its front page...'Ford tells New York City to Drop Dead!'? Well Wall Street markers are being called in and Herr Bush's bathroom attendant is offering towels of us$bn to bail out these slick fools. The Treasury's printing presses are working overtime churning out more dollars which will drive the already anemic dollar further down in value and impoverishing millions the world over who invested savings in the banks paper pegged to the US$.
Herr Bush won't help the poor slog who is walking away from his home, but will come quickly to the aid of banks so that they won't feel the pain. Well let these bloodsuckers pay. Let them sell valuable holdings to raise money to pay their debts. Why should the US rate or taxpayer and other around the world suffer for them? No reason but Herr Bush will save his class just as his daddy saved the savings & loans institutions from going bellyup and as an aside a son of his who was deep into that scam and it was here that the tubboat admiral McCain cut his teeth in corruption! Once again we have to pay for the high crimes and misdemeanors of the rich and the famous. Let them go down the tube, let them pay their fair share, and get them off our backs!

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