Re: The Great Bailout Backlash

> Bruce Geerdes
>>
>> As it stands, the federal government may actually end up turning a
>> modest
>> profit on the mon
ey injected into Wall Street’s failing banks.
>>>
> The problem being that the government will have profited because the banks
> have profited even more off of the situation.
>
> The banks take incredible risks in boom times, they profit. The banks take
> incredible risks in busts, the market tanks, they get bailed out and then
> they get to profit from the market's recovery. Win-win situation for them,
> but not for us.

privatize the gains, socialize the losses.

Pure unadulterated theft.

regards,
-Lance


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