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Back during the twilight of the Bush administration America became aware, thanks to the diligent, responsible media, of a harrowing crisis: the banks and Wall St. were collapsing. The very fabric of American life as we had once known it was on the verge of annihilation. These fragile institutions needed help, and fast, or else the country would quite literally implode. So the White House and Congress, with advice in the form of a three page document by Treasury Secretary Henry Paulson, swooped in and saved our beloved financial institutions from going belly up. It was a great day in America.
Wall St. execs would no longer have to sweat over whether to get the 200-foot yacht or the private jet upgrade. They could now do both!
Liberal loon Naomi Klein, author of the mega-selling The Shock Doctrine, called this the "greatest heist in monetary history." She summed up the TARP bailout as simply taking a private sector crisis and turning it into a public sector one. But, again, she's just a loon who should move to Vermont already.
While most Americans worry about such things as paying rent, keeping food on their shelves, and deciding if they can pay anything above the minimum due on their credit cards during any given month, the powerful elite in this country are doing just fine. Beyond fine, actually, as these "faltering" banks and lending institutions have recently reported record profits.
And that's the way they like it.
Home foreclosures continue to skyrocket. Unemployment hovers around 10% nationally. Average Americans continue to struggle on a daily basis to maintain their basic needs. Is it any wonder the Two Americas continue their lightspeed separation; the poor becoming poorer while the rich become super-rich, while the middle-class is torn to shreds in the process? The wealthiest in this country are never satisfied simply stealing millions and billions from each other, no, they want it all.
Click the link below to see, in a rare moment of sane conversation during a Fox News broadcast, Congressman Dennis Kucinich talks with Greta Van Susteren about the "formerly" troubled banks shipping TARP money to fund projects overseas.
P.S. Is it time to demand our bailout? Toss each of us a few grand and let us do whatever the hell we want with it? After all, many "experts" in the media dared to blame average Americans for the financial meltdown by recklessly signing up for mortgages they couldn't afford. We were the real predators, not those poor innocents slaving away on Wall Street.
http://therealnews.com/...